Wrap Text
Results of AGM
THE BIDVEST GROUP LIMITED
(“Bidvest” or “The Group”)
(Incorporated in the Republic of South Africa)
(Registration number 1946/021180/06)
JSE Share code: BVT
ISIN: ZAE000117321
REPORT ON ANNUAL GENERAL MEETING PROCEEDINGS
Bidvest shareholders are advised that at the Annual General Meeting of members held on Monday, November
24 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, Bidvest confirms the voting statistics from
the AGM as follows:
1 Ordinary resolution number 1: To re-appoint the external auditors
For Against Abstain Shares voted
234,749,274 513,734 1,010,981 235,263,008
99.78163% 0.21837% 100.00000%
2 Ordinary resolution number 2.1: Re-election of directors – NT Mandisa
For Against Abstain Shares voted
233,781,002 634,910 1,858,077 234,415,912
99.72915% 0.27085% 100.00000%
3 Ordinary resolution number 2.2: Re-election of directors – FN Mantashe
For Against Abstain Shares voted
234,402,732 13,180 1,858,077 234,415,912
99.99438% 0.00562% 100.00000%
4 Ordinary resolution number 2.3: Re-election of directors – S Masinga
For Against Abstain Shares voted
234,402,732 13,180 1,858,077 234,415,912
99.99438% 0.00562% 100.00000%
5 Ordinary resolution number 2.4: Directors retiring by rotation and available for re-election – DDB
Band
For Against Abstain Shares voted
233,384,680 1,031,232 1,858,077 234,415,912
99.56008% 0.43992% 100.00000%
6 Ordinary resolution number 2.5: Directors retiring by rotation and available for re-election – DE
Cleasby
For Against Abstain Shares voted
233,312,234 1,103,678 1,858,077 234,415,912
99.52918% 0.47082% 100.00000%
7 Ordinary resolution number 2.6: Directors retiring by rotation and available for re-election – AW
Dawe
For Against Abstain Shares voted
234,371,512 44,400 1,858,077 234,415,912
99.98106% 0.01894% 100.00000%
8 Ordinary resolution number 2.7: Directors retiring by rotation and available for re-election – D Mason
For Against Abstain Shares voted
220,342,556 14,073,356 1,858,077 234,415,912
93.99642% 6.00358% 100.00000%
9 Ordinary resolution number 2.8: Directors retiring by rotation and available for re-election – LP Ralphs
For Against Abstain Shares voted
232,721,724 1,694,188 1,858,077 234,415,912
99.27727% 0.72273% 100.00000%
10 Ordinary resolution number 2.9: Directors retiring by rotation and available for re-election – T
Slabbert
For Against Abstain Shares voted
233,407,277 1,008,635 1,858,077 234,415,912
99.56972% 0.43028% 100.00000%
11 Ordinary resolution number 3.1: Election of audit committee members – PC Baloyi
For Against Abstain Shares voted
226,299,371 8,116,541 1,858,077 234,415,912
96.53755% 3.46245% 100.00000%
12 Ordinary resolution number 3.2: Election of audit committee members – EK Diack
For Against Abstain Shares voted
233,460,271 955,641 1,858,077 234,415,912
99.59233% 0.40767% 100.00000%
13 Ordinary resolution number 3.3: Election of audit committee members – S Masinga
For Against Abstain Shares voted
233,460,271 955,641 1,858,077 234,415,912
99.59233% 0.40767% 100.00000%
14 Ordinary resolution number 3.4: Election of audit committee members – NG Payne
For Against Abstain Shares voted
233,434,248 981,664 1,858,077 234,415,912
99.58123% 0.41877% 100.00000%
15 Ordinary resolution number 4.1: Endorsement of Bidvest remuneration report – non-binding advisory
note: “Part 1 – Policy on base package and benefits”
For Against Abstain Shares voted
234,303,639 112,986 1,857,364 234,416,625
99.95180% 0.04820% 100.00000%
16 Ordinary resolution number 4.2: Endorsement of Bidvest remuneration report – non-binding advisory
note: “Part 1 – Policy on short-term incentives”
For Against Abstain Shares voted
233,373,911 746,131 2,153,947 234,120,042
99.68130% 0.31870% 100.00000%
17 Ordinary resolution number 4.3: Endorsement of Bidvest remuneration report – non-binding advisory
note: “Part 1 – Policy on long-term incentives”
For Against Abstain Shares voted
149,376,038 83,289,356 3,608,595 232,665,394
64.20209% 35.79791% 100.00000%
18 Ordinary resolution number 5: General authority to directors to allot and issue authorised but
unissued ordinary shares
For Against Abstain Shares voted
205,746,379 29,517,342 1,010,268 235,263,721
87.45351% 12.54649% 100.00000%
19 Ordinary resolution number 6: General authority to issue shares for cash
For Against Abstain Shares voted
207,867,013 27,396,708 1,010,268 235,263,721
88.35489% 11.64511% 100.00000%
20 Ordinary resolution number 7: Payment of dividend by way of pro rata reduction of share capital or
share premium
For Against Abstain Shares voted
233,941,016 1,322,705 1,010,268 235,263,721
99.43778% 0.56222% 100.00000%
21 Ordinary resolution number 8: Creation and Issue of convertible debentures
For Against Abstain Shares voted
215,711,604 19,551,317 1,011,068 235,262,921
91.68959% 8.31041% 100.00000%
22 Ordinary resolution number 9: Directors’ authority to implement special and ordinary resolutions
For Against Abstain Shares voted
234,502,274 730,467 1,041,248 235,232,741
99.68947% 0.31053% 100.00000%
23 Special resolution number 1: General authority to acquire (repurchase) shares
For Against Abstain Shares voted
226,296,920 8,935,581 1,041,488 235,232,501
96.20138% 3.79862% 100.00000%
24 Special resolution number 2: Approval of non-executive directors’ remuneration - 2014/15
For Against Abstain Shares voted
234,938,794 633,005 702,190 235,571,799
99.73129% 0.26871% 100.00000%
25 Special resolution number 3: General Authority to provide direct or indirect financial assistance to all
related and inter-related entities
For Against Abstain Shares voted
229,789,767 5,442,974 1,041,248 235,232,741
97.68613% 2.31387% 100.00000%
Date: November 24 2014
Johannesburg
Sponsor: Investec Bank Ltd
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