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CLOVER INDUSTRIES LIMITED - Report on proceedings at the annual general meeting

Release Date: 30/11/2015 12:00
Code(s): CLR     PDF:  
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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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