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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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