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Results of Annual General Meeting
W G WEARNE LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1994/005983/06)
(Share Code: WEA ISIN Code: ZAE000078002)
(“Wearne” or “the company”)
RESULTS OF ANNUAL GENERAL MEETING
Shareholders are advised that, at the annual general meeting of Wearne held
today, all the resolutions as set out in the notice of annual general
meeting were passed by the requisite majority of shareholders.
The number of shares voted in person or by proxy was 174,631,478
representing 63.18% of the total issued share capital of the same class of
Wearne.
The resolutions proposed at the meeting, together with the percentage of
shares voted or abstained as well as the percentage of votes carried for
and against each resolution are displayed below:
Special resolution no. 1:
Authority for the company repurchase its own shares.
SHARES VOTED 174,631,478 100%
SHARES ABSTAINED 0
VOTES FOR 174,631,478 100%
VOTES AGAINST 0
Special Resolution 2:
Approval of the non-executive directors’ fees.
SHARES VOTED 174,631,478 100%
SHARES ABSTAINED 0
VOTES FOR 174,631,478 100%
VOTES AGAINST 0
Special Resolution 3:
Authority to provide financial assistance to related and inter-related
companies.
SHARES VOTED 174,631,478 100%
SHARES ABSTAINED 0
VOTES FOR 173,031,478 99.08%
VOTES AGAINST 1,600,000 0.92%
Ordinary Resolution 1.1
Re-appointment of Mr M Patel as an independent non-executive director
of the company.
SHARES VOTED 174,631,478 100%
SHARES ABSTAINED 0
VOTES FOR 174,631,478 100%
VOTES AGAINST 0
Ordinary Resolution 1.2
Re-appointment of Mr W van der Merwe as an independent non-executive
director of the company.
SHARES VOTED 174,631,478 100%
SHARES ABSTAINED 0
VOTES FOR 174,631,478 100%
VOTES AGAINST 0
Ordinary Resolution 2:
Re-appointment of Grant Thornton, represented by S Sadek as the audit
partner, as the independent registered auditor of the company for the
ensuing year.
SHARES VOTED 174,631,478 100%
SHARES ABSTAINED 0
VOTES FOR 174,631,478 100%
VOTES AGAINST 0
Ordinary Resolution 3.1:
That Mr W van der Merwe be appointed as a member and chairman of the
company's Audit & Risk Committee.
SHARES VOTED 174,631,478 100%
SHARES ABSTAINED 0
VOTES FOR 174,631,478 100%
VOTES AGAINST 0
Ordinary Resolution 3.2:
That Mr M Khwinana be appointed as a member of the company's Audit & Risk
Committee.
SHARES VOTED 174,631,478 100%
SHARES ABSTAINED 0
VOTES FOR 174,631,478 100%
VOTES AGAINST 0
Ordinary Resolution 3.3:
That Mr M Patel be appointed as a member of the company's Audit & Risk
Committee.
SHARES VOTED 174,631,478 100%
SHARES ABSTAINED 0
VOTES FOR 133,172,496 76.26%
VOTES AGAINST 41,458,982 23.74%
Ordinary Resolution 4:
Authority to issue unissued shares.
SHARES VOTED 174,631,478 100%
SHARES ABSTAINED 0
VOTES FOR 173,031,478 99.08%
VOTES AGAINST 1,600,000 0.92%
Ordinary Resolution 5:
Authority to issue unissued shares for cash.
SHARES VOTED 174,631,478 100%
SHARES ABSTAINED 0
VOTES FOR 172,991,478 99.07%
VOTES AGAINST 1,640,000 0.93%
Ordinary Resolution number 6:
Advisory endorsement of the remuneration policy.
SHARES VOTED 174,631,478 100%
SHARES ABSTAINED 0
VOTES FOR 133,172,496 76.26%
VOTES AGAINST 41,458,982 23.74%
Ordinary Resolution number 7:
Authority to implement the special and ordinary resolutions.
SHARES VOTED 174,631,478 100%
SHARES ABSTAINED 0
VOTES FOR 174,631,478 100%
VOTES AGAINST 0
Johannesburg
2 October 2014
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