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MUSTEK LIMITED - Results of annual general meeting

Release Date: 12/12/2014 14:00
Code(s): MST     PDF:  
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Results of annual general meeting

Mustek Limited
(Incorporated in the Republic of South Africa)
(Registration number 1987/070161/06)
Share code: MST & ISIN: ZAE000012373
(“Mustek” or “the Company”)

    RESULTS OF ANNUAL GENERAL MEETING

    The annual general meeting of Mustek shareholders was held today, 12 December 2014. All
    the special and ordinary resolutions as set out in the notice of the annual general meeting to
    shareholders, dated 4 November 2014, were approved by the requisite majority of
    shareholders.

    The special resolutions will be filed, and where required registered, with the Companies and
    Intellectual Property Commission in due course.

    The voting details with respect to the proposed resolutions were as follows:

                                  Number of               For                  Against         Abstained
                                   shares
      Resolution Proposed          voted*        Shares           %       Shares         %   Shares        %

To consider the presentation of   85 850 464   85 480 742       99,57%   369 722     0,43%     -           -
the annual financial statements
for the year ended 30 June 2014


Ordinary resolution number 1:     85 850 464   85 480 742       99,57%   369 722     0,43%     -           -
To re-elect Dr D Konar as
director


Ordinary resolution number 2:     85 850 464   85 480 742       99,57%   369 722     0,43%     -           -
To re-elect Dr ME Gama as
director


Ordinary resolution number 3:     85 850 464   85 480 742       99,57%   369 722     0,43%     -           -
To re-elect Mr DC Kan as
director


Ordinary resolution number 4:     85 850 464   85 480 742       99,57%   369 722     0,43%     -           -
Confirmation of auditors'
reappointment


Ordinary resolution number 5:     85 850 464   84 265 415       98,15%   1 585 049   1,85%     -           -
Confirmation of auditors'
remuneration
Ordinary resolution number 6:        84 635 137   84 265 415   99,56%    369 722     0,44%    1 215 327   1,14
Appointment of Mr RB Patmore                                                                               %
to the Audit and Risk Committee


Ordinary resolution number 7:        85 850 464   85 480 742   99,57%    369 722     0,43%        -        -
Appointment of Ms T Dingaan to
the Audit and Risk Committee


Ordinary resolution number 8:        85 850 464   85 480 742   99,57%    369 722     0,43%        -        -
Appointment of Mr ME Gama to
the Audit and Risk Committee


Ordinary resolution number 9:        85 480 742   85 480 742   100,00       -          -      369 722     0,35
Endorsement of remuneration                                      %                                         %
philosophy


Ordinary resolution number 10:       85 480 742   70 975 127   83,03%   14 505 615   16,97%   369 722     0,35
Placing of unissued shares under                                                                           %
the directors' control


Ordinary resolution number 11:       85 850 464   84 265 415   98,15%   1 585 049    1,85%        -        -
Placing unissued shares under
the directors' control in terms of
the Mustek Executive Share
Trust


Ordinary resolution number 12:       85 480 742   70 975 127   83,03%   14 505 615   16,97%   369 722     0,35
General authority to issue                                                                                 %
shares for cash


                                     84 635 137   84 265 415   99,56%    369 722     0,44%    1 215 327   1,14
Ordinary resolution number 13:
                                                                                                           %
Authority to action



Special resolutions number 1:        85 850 464   71 472 667   83,25%   14 377 797   16,75%       -        -
Remuneration of non-executive
directors


Special resolutions number 2:        85 850 464   85 480 742   99,57%    369 722     0,43%        -        -
Financial assistance to related
and inter-related companies


                                     85 850 464   82 301 596   95,87%   3 548 868    4,13%        -        -
Special resolutions number 3:
General authority to the
company and its subsidiaries to
repurchase shares



     *Shares representing 80,47% of the votable shares of the Company were present in person
     or by proxy.

     Midrand
     12 December 2014

     Sponsor: Deloitte & Touche Sponsor Services Proprietary Limited

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