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MONEYWEB HOLDINGS LIMITED - Results of Annual General Meeting ("AGM")

Release Date: 18/11/2015 15:44
Code(s): MNY     PDF:  
Wrap Text
Results of Annual General Meeting ("AGM")

MONEYWEB HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1998/025067/06)
Share Code: MNY     ISIN: ZAE000025409
(“the company”)


RESULTS OF ANNUAL GENERAL MEETING (“AGM”)


Shareholders are advised that all the resolutions contained in the notice convening the AGM were approved
by the requisite majorities of shareholders present in person or represented by proxy at the AGM of the
company held on 18 November 2015.

Details of the resolutions and the voting are contained in the table below.

Resolution proposed                                Total number of      Votes in    Votes     Abstentions:
                                                     votes cast:        favour:    against:   % of issued
                                                    number (% of           %          %       share capital
                                                    issued share
                                                       capital)

Ordinary resolution 1: approval of annual            74,215,887           100%       0%           0%
financial statements                                  (68.86%)

Ordinary resolution 2: re-appointment of              71,803,206         97.76%      0%          2.24%
BDO South Africa Inc. as auditors and                  (66.62%)
DF Botha as designated auditor

Ordinary resolution 3: re-appointment of              74,215,887          100%       0%           0%
W van der Merwe as chairman of audit                   (68.86%)
committee

Ordinary resolution 4: re-appointment of              74,215,887          100%       0%           0%
V Mcobothi as member of audit committee                (68.86%)

Ordinary resolution 5: re-appointment of              74,215,887          100%       0%           0%
L Sipoyo as member of audit committee                  (68.86%)

Ordinary resolution 6: renew general                  56,634,674         83.69%      0%         16.31%
authority to issue shares for cash                     (52.55%)

Ordinary resolution 7: granting authority for a       74,215,887          100%       0%           0%
director or the company secretary to give              (68.86%)
effect to resolutions


Special resolution 1: approval of financial           59,047,455         79.56%    20.44%         0%
assistance to related or inter-related parties         (54.79%)
to the company in terms of section 44 of the
Companies Act

Special resolution 2: approval of financial           59,047,455         79.56%    20.44%         0%
assistance for the purchase of or                      (54.79%)
subscription for shares in the company or
related or inter-related parties to the
company in terms of section 45 of the
Companies Act

Special resolution 3: renewal of general              74,215,887          100%       0%           0%
authority to repurchase ordinary shares in the         (68.86%)
company

Special resolution 4: approval of non-                74,215,887          100%       0%           0%
executive directors’ fees                              (68.86%)

Special resolution 5: grant authority to issue        71,803,206         97.76%      0%          2.24%
shares that may exceed 30% of the current              (66.62%)
issued share capital


By order of the board.

Johannesburg
18 November 2015

Sponsor
Arbor Capital Sponsors Proprietary Limited

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