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RAUBEX GROUP LIMITED - Results of AGM

Release Date: 03/10/2014 14:00
Code(s): RBX     PDF:  
Wrap Text
Results of AGM

RAUBEX GROUP LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2006/023666/06)
JSE Share code: RBX
ISIN: ZAE000093183
(“Raubex” or “the Group”)


REPORT ON ANNUAL GENERAL MEETING PROCEEDINGS

Raubex shareholders are advised that at the Annual General Meeting of members held on Friday, 3
October 2014, all the ordinary and special resolutions as proposed in the Notice of the Annual General
Meeting were approved by the requisite majority of members. In this regard, Raubex confirms the voting
statistics from the AGM as follows:

                                                                             %          Number
 Total number of shares that could be voted at meeting                       100%       187,330,165
 Total number of shares present/represented including proxies at meeting     83,69%     156,778,519
 Total number of members present                                                        7


                                        Votes in      %         Votes          %         Abstentions
                                        Favour                  Against
 Ordinary Resolution Number 1
 Acceptance of the Annual Financial     156,778,519   100%      0              100%      0
 Statements

 Ordinary Resolution Number 2
 Re-election of Executive Directors
 2.1 RJ Fourie                          154,792,319   98,73%    1,986,200      1,27%     0
 2.2 JF Gibson                          154,792,319   98,73%    1,986,200      1,27%     0

 Ordinary Resolution Number 3
 Re-election of Non-Executive
 Directors
 3.1 JE Raubenheimer                    154,666,443   98,65%    2,112,076      1,35%     0
 3.2 F Kenney                           153,513,577   97,92%    3,264,942      2,08%     0
 3.3 LA Maxwell                         156,467,489   99,8%     311,030        0,2%      0
 3.4 BH Kent                            156,652,456   99,92%    126,063        0,08%     0
 3.5 NF Msiza                           156,778,519   100%      0              0%        0

 Ordinary Resolution Number 4
 Appointment of Auditors                156,778,519   100%      0              0%        0

 Ordinary Resolution Number 5
 Appointment of Members of the
 Audit Committee
 5.1 LA Maxwell                         150,783,792   96,18%    5,994,727      3,82%     0
 5.2 BH Kent                            156,778,519   100%      0              0%        0
 5.3 NF Msiza                           156,778,519   100%      0              0%        0

 Ordinary Resolution Number 6
 Applicable Limits to the Raubex        126,481,520   80,68%    30,296,999     19,32%    0
 Group Deferred Stock Scheme

 Ordinary Resolution Number 7
 Endorsement of Raubex’s                101,388,167   66,78%    50,435,109     33,22%    4,955,243
 Remuneration Policy

 Special Resolution Number 1
 Remuneration of Non-executive          145,411,712   92,75%    11,366,807     7,25%     0
 Directors

 Special Resolution Number 2
 General Authority to Acquire /         148,922,695   94.99%    7,855,824      5.01%     0
 (Repurchase) Shares

 Special Resolution Number 3
 Approval of Financial Assistance to    156,763,033   99,99%    15,486         0,01%     0
 Related or Inter-related Companies
 and Corporations



Raubex’s Chairman, Koos Raubenheimer, made the following comments at the Annual General Meeting:

“The local construction sector rem ains highly com petitive and in this static environm ent, w e
are pleased w ith the progress m ade to drive the various diversification initiatives that have
helped grow a quality order book across the Group.

Our international ex pansion has gathered m om entum w ith tw o m ajor road contracts secured
in Zam bia w here site establishm ent is currently in progress. This is in addition to ongoing
contracts in Nam ibia in both the construction and m aterials divisions.

Raubex I nfra, w hich supports the diversification of the Group’s revenue stream s, is also
successfully building its scale and reputation in the m arketplace.

The m aterials division continues to perform w ell, driven by sustained m ining related w ork and
good dem and from com m ercial quarries. W e are now look ing forw ard to the contribution that
the new assets acquired from OM V crushers and Shisalanga Construction w ill bring to the
group both in term s of geographical diversification and earnings.

All these initiatives, including further acquisition opportunities, are key in ensuring the
sustained grow th of the Group in the m edium to long term and w ill continue to receive the
attention of the m anagem ent team in the year ahead.

Finally, this year m arks Raubex ’s 40 th anniversary and I w ould lik e to take this opportunity to
ex press our gratitude to all of our custom ers and also acknow ledge the com m itm ent and
dedication of the Raubex fam ily over the past 40 years, including m anagem ent, staff, business
partners and shareholders w ho have been instrum ental in ensuring that Raubex continues to
grow from strength to strength.”



Centurion
3 October 2014

Sponsor
Investec Bank Limited

ENQUIRIES
Raubex Group +27 12 665 3226
James Gibson, Financial Director
Instinctif Partners +27 11 447 3030
Frédéric Cornet +27 83 307 8286
Bianca Samson +27 82 815 1812
www.raubex.com

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