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PIONEER FOOD GROUP LIMITED - Results Of The Annual General Meeting And Change To The Board Of Directors

Release Date: 13/02/2015 14:40
Code(s): PFG     PDF:  
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Results Of The Annual General Meeting And Change To The Board Of Directors

Pioneer Food Group Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1996/017676/06)
(Share code: PFG)
(ISIN code: ZAE000118279)
(“Pioneer Foods” or “the Company” or “the Group”)

RESULTS OF THE ANNUAL GENERAL MEETING AND CHANGE TO THE BOARD OF DIRECTORS

RESULTS OF THE ANNUAL GENERAL MEETING
Shareholders are hereby advised that at the annual general meeting of the Company held today, 13
February 2015 at Lanzerac Hotel & Spa, Lanzerac Road, Stellenbosch (“AGM”), all of the resolutions were
passed by the requisite majority of Pioneer Foods shareholders. The detailed voting results of the AGM
are set out below:

                                      Votes for     Votes against     Number of      Number of      Shares
                                     resolution       resolution    shares voted   shares voted   abstained
                                        (%) *            (%) *       at the AGM     at the AGM       as a
                                                                                        as a      percentage
                                                                                    percentage      (%) of
                                                                                      (%) of      shares in
                                                                                     shares in       issue
                                                                                       issue
Ordinary resolution 1
To confirm the re-appointment of
PricewaterhouseCoopers Inc. as the          100%             -      147 848 866         63.75%      0.0001%
auditor for the ensuing year on
the recommendation of the Audit
and Risk Committee

Ordinary resolution number 2
Placing of unissued ordinary              99.17%          0.83%     149 309 468         64.38%      0.0001%
shares in the Company under the
control of the directors

Ordinary resolution number 3
To re-elect director: Andile              99.99%          0.01%     148 155 222         63.89%        0.33%
Hesperus Sangqu

Ordinary resolution number 4
To re-elect director: Lambert             99.91%          0.09%     149 308 768         64.38%      0.0001%
Retief

Ordinary resolution number 5
To re-elect director: Norman              99.91%          0.09%     149 302 468         64.38%       0.003%
Cilliers

Ordinary resolution number 6
Re-appointment of member of the           99.66%          0.34%     149 051 222         64.27%        0.11%
Audit and Risk Committee: Mr AH
Sangqu

Ordinary resolution number 7
Re-appointment of member of the             100%             -      149 300 768         64.38%      0.0001%
Audit and Risk Committee: Mr LP
Retief

Ordinary resolution number 8
Re-appointment of member of the           99.99%          0.01%     148 555 222         64.06%        0.33%
Audit and Risk Committee: Ms NS
Mjoli-Mncube

Ordinary resolution number 9
Endorsement of Pioneer Foods’             94.38%          5.62%     148 438 724         64.01%        0.38%
remuneration policy

Ordinary resolution number 10
Authorisation to sign documents             100%              -     149 309 468         64.38%      0.0001%
giving effect to resolutions

Special resolution number 1
Approval of non-executive                 99.66%          0.34%     147 894 639         63.77%        0.08%
directors’ remuneration

Special resolution number 2
General authority to grant
financial assistance to related           99.99%          0.01%     149 309 468         63.38%      0.0001%
and inter-related companies and
corporations

Special resolution number 3
Financial assistance for the
acquisition of securities in the          93.97%          6.03%     149 301 468         64.38%      0.0001%
Company and in related and inter-
related companies

Special resolution number 4
Amendment to the nomination of             100%              -      148 898 262         64.21%       0.003%
directors procedure, as contained
in the memorandum of incorporation

Special resolution number 5
General authority to repurchase           98.33%          1.67%      149 305 262        64.38%      0.0001%
shares

Note * - In relation to the total number of shares voted at the AGM

CHANGE TO THE BOARD OF DIRECTORS
Shareholders are referred to the SENS announcement dated 17 December 2013 and are hereby further advised
that Mr Leon Cronje (“Leon”) will step down as Group CEO and Financial Director on 1 March 2015 and
remain on the Executive Committee of the Company until the end of his contractual period in December
2015, retaining existing other responsibilities.

The board wishes to thank Leon for his invaluable contribution to the Company over the last 27 years as
an employee of the Group and especially during the last 16 years as financial director of Pioneer Foods.

Shareholders are further advised that Ms Cindy Hess (“Cindy”), who has been the CFO Designate since 1
March 2014, has now been appointed as financial director and Group CFO with effect from 1 March 2015.

Bellville
13 February 2015

Sponsor
PSG Capital

Date: 13/02/2015 02:40:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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