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MTN GROUP LIMITED - Results of Annual General Meeting

Release Date: 29/05/2015 16:38
Code(s): MTN     PDF:  
Wrap Text
Results of Annual General Meeting

MTN Group Limited
(Incorporated in the Republic of South Africa)
Registration Number 1994/009584/06
Share code: MTN
ISIN: ZAE000042164
("MTN" or the “Company”)


RESULTS OF ANNUAL GENERAL MEETING

Shareholders of MTN are advised that at the twentieth annual general meeting held on
Wednesday, 27 May 2015 at 14:30 (South African time) (“Annual General Meeting”), all the
ordinary and special resolutions, as set out in the notice of Annual General Meeting dated 10
April 2015, were passed by the requisite majority of votes of shareholders present in person or
represented by proxy.

The total number of shares present/represented, including proxies, at the meeting was
1 105 975 447 or 59.87 % of MTN’s issued share capital as at Friday, 22 May 2015,
being the Voting Record Date.

The voting results were as follows:

                                                                                    SHARES
                                              TOTAL SHARES VOTED
                                                                                   ABSTAINED
                                       FOR       AGAINST
                                                             NUMBER         %*          %*
RESOLUTION                             (%)         (%)

Ordinary resolution number 1
1.1 Re-election of A Harper as
     a director                       99.66       0.34     1 105 975 386   59.87        0.11

1.2    Re-election of NP Mageza
                                      96.10       3.90     1 105 975 268   59.87        0.11
      as a director
1.3   Re-election of MLD Marole
                                      99.83       0.17     1 105 975 386   59.87        0.11
      as a director
1.4   Re-election of JHN
                                      65.25       34.75    1 105 975 268   59.82        0.30
      Strydom as a director
1.5    Re-election of AF van
                                      93.59       6.41     1 105 929 069   59.86        0.11
      Biljon as a director
1.6   Re-election of KC Ramon
                                      97.07       2.93     1 105 975 415   59.87        0.40
      as a director

Ordinary resolution number 2
2.1 Election of KC Ramon as a
     member of the audit              97.93       2.07     1 105 975 357   59.87        0.40
     committee
2.2 Election of NP Mageza as
     a member of the audit
                                      95.62       4.38     1 105 975 415   59.87        0.22
     committee
2.3   Election of MJN Njeke as a
      member of the audit            96.52   3.48    1 105 975 386   59.87      0.11
      committee
2.4   Election of J van Rooyen
      as a member of the audit       99.91   0.09    1 105 975 415   59.87      0.11
      committee

Ordinary resolution number 3
Re-appointment of
PricewaterhouseCoopers Inc.          99.67   0.33    1 105 975 357   59.87      0.11
and SizweNtsalubaGobodo Inc.
as joint independent auditors

Ordinary resolution number 4
General authority for directors to   88.47   11.57   1 105 975 357   59.87      0.11
allot and issue ordinary shares

Ordinary resolution number 5
General authority for directors to
                                     86.22   13.78   1 105 974 613   59.87      0.46
allot and issue ordinary shares
for cash

Advisory endorsement
Endorsement of the                   94.27   5.73    1 105 975 415   59.87      0.48
remuneration philosophy (policy)

Special resolution number 1
Approval of the remuneration
                                     93.75   6.25    1 105 975 386   59.87      0.18
payable to non-executive
directors

Special resolution number 2
Approval of a general authority
for MTN and/or any of its
                                     99.79   0.21    1 105 975 386   59.87      0.14
subsidiaries to repurchase or
purchase, as the case may be,
shares in the Company

Special resolution number 3
Approval to grant financial          75.55   24.45   1 105 975 409   59.87      0.54
assistance by the Company

Special resolution number 4
Approval to amend the MTN
                                     98.00   2.00    1 105 972 544   59.87      0.48
Performance Share Plan 2010
Rules

*Expressed as a percentage of 1 847 410 539 MTN ordinary shares in issue as at the Voting
Record Date.


Fairland
29 May 2015

Sponsor
Deutsche Securities (SA) Proprietary Limited

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