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Report on proceedings at the annual general meeting
Clover Industries Limited
(Incorporated in the Republic of South Africa)
(Registration number 2003/030429/06)
NSX Ordinary Share code: CLN
Ordinary Share code: CLR ISIN No: ZAE000152377
(“Clover”)
REPORT ON PROCEEDINGS AT THE ANNUAL GENERAL MEETING
At Clover’s 5th (fifth) annual general meeting (“AGM”) (since listing
on the Johannesburg Stock Exchange in December 2010) of shareholders
held today, 27 November 2015, all the ordinary and special resolutions
proposed at the meeting were approved by the requisite majority of
votes. In this regard, Computershare South Africa Proprietary Limited
confirms the voting statistics from the AGM as follows:
Shares voted in relation to the total issued share capital:
Total issued share Percentage shares
Number of shares voted capital voted
161,508,695 187,731,138 86,03%
Votes carried
disclosed as a Shares abstained
percentage in disclosed as a
relation to the total percentage in
number of shares relation to the
voted at the meeting total issued share
capital
For Against
Ordinary Resolutions
Presentation of Annual
1 Financial Statements 100% 0% 0,00053%
Re-election of non-
2 executive director: Dr SF 93,33% 6,67% 0,00053%
Booysen
Re-election of
3 Independent non-executive 95,83% 4,17% 0,00053%
director: Mr JNS Du Plessis
Re-election of
4 Independent non-executive 95.69% 4,31% 0,00053%
director: Ms MV Mokhesi
Re-appointment of
5 External Auditors: EY Inc 99,33% 1.67% 0,00053%
Election of Audit and
6 Risk Committee member: 98,33% 1,67% 0,00053%
Dr SF Booysen
Election of Audit and
7 Risk Committee member: 100% 0% 0,00053%
Mr JNS Du Plessis
Election of Audit and
8 Risk Committee member: 99,86% 0,14% 0,00053%
Ms B Ngonyama
Election of Audit and
9 Risk Committee member: 99,66% 0,34% 0,00053%
Mr TA Wixley
Approval of the Clover
10 Group Remuneration Policy 58,31% 41,69% 0,00053%
Special Resolutions
General authority to
1 repurchase shares 97,26% 2,74% 0,00053%
Remuneration of Non-
2 executive directors 93,63% 6,37% 0,12830%
Financial Assistance in
3 terms of section 45 of 100,00% 0% 0,14390%
the Companies Act
The special resolution/s will, where necessary, be lodged for
registration with the Companies and Intellectual Property Commission
in due course.
Johannesburg
30 November 2015
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
NSX Sponsor
IJG SECURITIES
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