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ASA - Absa Group Limited - Results of the Annual General Meeting
ABSA GROUP LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1986/003934/06)
ISIN: ZAE000067237
JSE share code: ASA
Issuer code: AMAGB
(the Company)
Results of the annual general meeting (AGM)
Shareholders are advised that at the AGM of the Company held on Thursday, 3
May 2012, all the resolutions set out in the notice of AGM sent to
shareholders together with the integrated annual report for the year ended 31
December 2011 were passed by the requisite majority of votes.
Votes
in favour (%) Result
Ordinary resolutions
Resolution to consider the
Company`s audited financial
Statements for the year
ended 31 December 2011: 99,99 Passed
Resolution to re-appoint the
Company`s auditors: 99,98 Passed
Resolutions to re-elect
retiring directors:
G Griffin 98,93 Passed
S A Fakie 99,89 Passed
M J Husain 99,89 Passed
D W P Hodnett 99,87 Passed
E C Mondlane, Jr 99,44 Passed
S G Pretorius 99,89 Passed
B J Willemse 99,89 Passed
Resolution to confirm the
appointment of new directors
appointed after the last AGM:
I R Ritossa 99,45 Passed
P B Matlare 98,28 Passed
Resolution regarding the placing
of unissued shares under the
control of the directors: 95,69 Passed
Non-binding advisory
Endorsement on the Company`s
remuneration policy: 96,90 Passed
Special resolutions
Special resolution to approve
The Absa Long Term Incentive Plan: 96,20 Passed
Special resolution to sanction
the proposed remuneration of
the non-executive directors,
payable from 1 May 2012: 99,56 Passed
Special resolution on
Financial Assistance - section 44: 98,94 Passed
Special resolution on
Financial Assistance - section 45: 98,96 Passed
Special resolution regarding
the authority for a general
repurchase of ordinary shares
of the Company: 97,15 Passed
Special resolution regarding
the adoption of a new
Memorandum of Incorporation : 99,97 Passed
The special resolutions will be lodged with the Companies and Intellectual
Property Commission (CIPC) in due course and, where appropriate, the
Registrar of Banks.
B P Connellan retired at the AGM. The Group Chairman, G Griffin, stated:
"I would like to thank Brian Connellan for his invaluable contribution to the
Absa Group board for the last 18 years. He also served on several of the
board committees during his tenure, notably the Group Audit and Compliance
Committee, Group Remuneration and Human Resources Committee, Board Finance
Committee and Concentration Risk Committee. I wish him a well deserved and
pleasant retirement."
Johannesburg
3 May 2012
Enquiries:
David Hodnett
Group Financial Director
Tel: (+2711) 350 2623
Email: David.Hodnett@absa.co.za
Lead Independent Sponsor:
J.P. Morgan Equities Limited
Joint Sponsor:
Absa Capital (the Investment Banking Division of Absa Bank Limited and
affiliated with Barclays)
Date: 03/05/2012 14:31:18 Supplied by www.sharenet.co.za
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