TELKOM SA SOC LIMITED - Results of Annual General Meeting

Release Date: 27/09/2013 15:00
Code(s): TKG
 
Wrap Text
Results of Annual General Meeting

Telkom SA SOC Limited
(Registration number 1991/005476/30)
JSE share code: TKG
ISIN: ZAE000044897
(“Telkom” or the “Company”)

RESULTS OF THE TELKOM ANNUAL GENERAL MEETING

At the Annual General Meeting (“AGM”) of Telkom shareholders (“Shareholders”) held on 27
September 2013, all the ordinary and special resolutions proposed in the Notice of AGM dated
23 August 2013, were passed by the requisite majority of shareholders, except for ordinary
resolution 13 which was withdrawn (re-election of Mr Jeff Molobela as a director of Telkom).

The resolutions were passed in terms of the following voting percentages:

ORDINARY RESOLUTIONS

 Proposed         Description of resolution                            Percentage of votes (%)
 Ordinary
 Resolution No:
 1                Election of Mr JA Mabuza as a director                        99.37%
 2                Election of Mr SN Maseko as a director                        99.88%
 3                Election of Ms K Mzondeki as a director                       99.88%
 4                Election of Mr L Maasdorp as a director                       99.88%
 5                Election of Mr L von Zeuner as a director                     99.88%
 6                Election of Ms F Petersen as a director                       99.88%
 7                Election of Ms S Botha as a director                          99.37%
 8                Election of of Ms K Kweyama as a director                     99.36%
 9                Election of Dr C Fynn as a director                           99.49%
 10               Re-election of Mr J Schindehütte as a director                99.85%
 11               Re-election of Mr I Kgaboesele as a director                  99.85%
 12               Re-election of Mr N Kapila as a director                      91.69%
 13               Re-election of Mr J Molobela as a director                Resolution withdrawn
 14               Election of Mr I Kgaboesele as a member of the                99.85%
                  Audit Committee
 15               Election of Ms K Mzondeki as member of the                    99.88%
                  Audit Committee
 16               Election of Ms F Petersen as member of the Audit              99.88%
                  Committee
 17               Election of Mr L Von Zeuner as member of the                  99.88%
                  Audit Committee
 18               Re-appointment of Auditors                                    99.89%
 19               General Authority to Directors to Allot and Issue             84.59%
                  Ordinary Shares
 20               Endorsement of Remuneration Policy Resolution                 79.64%

SPECIAL RESOLUTIONS


 Proposed         Description of resolution                               Percentage of votes
 Special                                                                                  (%)
 Resolution No:
 1                Repurchase of Shares                                        94.92%
 2                Authority to Directors to Issue Equity Securities for       87.73%
                  Cash
 3                Determination and Approval of the Remuneration of           98.96%
                  Non-Executive Directors
 4                Financial Assistance to Subsidiaries and Other              83.76%
                  Related Entities and Inter-related
                  Entities and to Directors and Prescribed Officers and
                  Other Persons who may participate in the Employee
                  Forfeitable Share Plan (“Employee FSP”) or any
                  other employee share scheme
 5                Adoption of the Telkom SA SOC Limited Employee              80.13%
                  FSP
 6                Amendment of the Memorandum of Incorporation–               83.37%
                  Substitution of Clause 23.2
 7                Amendment of the Memorandum of Incorporation–               83.37%
                  Substitution of Clause 23.3
 8                Amendment of the Memorandum of Incorporation–               84.62%
                  Substitution of Clause 29.1


Special resolutions number 6, 7 and 8 relating to the amendment of the Company’s
Memorandum of Incorporation together with copies of the extracts of the special resolutions
amending the Memorandum of Incorporation will be submitted to the Companies and Intellectual
Property Commission, for filing.

Shareholders are further referred to the Explanatory Memorandum to the notice of AGM
released on the Stock Exchange News Service of the JSE Limited on 26 September 2013, and
are advised that the disclosure relating to the Free Cash Performance Indicator was not
reviewed nor reported on by the Company’s auditors.



Pretoria

27 September 2013



Sponsor

The Standard Bank of South Africa Limited

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