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BLUE LABEL TELECOMS LIMITED - Report on Annual General Meeting Proceedings

Release Date: 27/11/2015 12:15
Code(s): BLU     PDF:  
Wrap Text
Report on Annual General Meeting Proceedings

Blue Label Telecoms Limited
(Incorporated in the Republic of South Africa)
(Registration number 2006/022679/06)
JSE Share code: BLU
ISIN: ZAE000109088
(“Blue Label” or “the Company”)


REPORT ON ANNUAL GENERAL MEETING PROCEEDINGS

Blue Label shareholders are advised that at the Annual General Meeting (“AGM”) of members held on Friday, 27
November 2015, all the ordinary and special resolutions as proposed in the Notice of the AGM were approved by the
requisite majority of members. In this regard, Blue Label confirms the voting results at the AGM as follows:

                                                                                        %             Number
 Total number of shares that could be voted at meeting                                                674,509,042
 Total number of shares present/represented including proxies at meeting                72            488,604,046
 Total number of members present                                                                      20



                                           Votes in         %              Votes             %       Abstentions   % of issued
                                           Favour                          Against                                share capital

 Ordinary Resolution Number 1              488,600,328      100             -                -        3,718        0.001
 Election of Independent Non-Executive
 Director
 1.1 Y Mahomed
 
 Ordinary Resolution Number 2              487,711,506      99.82          888,822          0.18      3,718        0.001
 Re-election of Independent
 Non-Executive Director
 2.1 GD Harlow

 Ordinary Resolution Number 3              488,600,328      100             -                 -       3,718        0.001
 Re-election of Independent
 Non-Executive Director
 3.1 SJ Vilakazi

 Ordinary Resolution Number 4              481,093,377      98.46          7,506,951        1.54      3,718        0.001
 Election of Non-Executive Director
 4.1 KM Ellerine

 Ordinary Resolution Number 5              488,600,328      100             -                 -       3,718        0.001
 Re-appointment of external Auditors

 Ordinary Resolution Number 6              488,600,328      100             -                 -       3,718        0.001
 Appointment of Member and Chairman
 of the Audit, Risk and Compliance
 Committee
 6.1 JS Mthimunye

 Ordinary Resolution Number 7              488,600,328      100             -                 -       3,718        0.001
 Appointment of Member of the Audit,
 Risk and Compliance Committee
 7.1 GD Harlow

 Ordinary Resolution Number 8              488,600,328      100             -                 -      3,718         0.001
 Appointment of Member of the Audit,
 Risk and Compliance Committee
 8.1 SJ Vilakazi

 Ordinary Resolution Number 9              487,939,470      99.86          660,858           0.13    3,718         0.001
 Directors authority to implement
 ordinary and special resolutions


 Non binding advisory vote                 413,814,938      84.69          74,785,390        15.31   3,718         0.001
 Endorsement of Blue Label’s
 Remuneration Policy
 Special Resolution Number 1               488,600,328      100             -                 -      3,718         0.001
 Remuneration of Non-executive
 Directors

 Special Resolution Number 2               487,471,174     99.77          1,129,154          0.23    3,718         0.001
 General Authority to Repurchase Shares




Sandton
27 November 2015

Sponsor
Investec Bank Limited

Date: 27/11/2015 12:15:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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