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Results of Annual General Meeting (“AGM”)
Pinnacle Holdings Limited
Registration number 1986/000334/06
Share Code: PNC
ISIN: ZAE000184149
(“the Company” or “Pinnacle” or “the Group”)
RESULTS OF ANNUAL GENERAL MEETING (“AGM”)
Shareholders are advised that, at the AGM of the Company, held today, all the resolutions as set out
in the notice of AGM were passed by the requisite majority of shareholders, with the exception of
resolution 3.3, which was withdrawn.
Details of the results of voting at the AGM are as follows:
- total number of Pinnacle shares that could have been voted at the annual general meeting:
163 722 787
- total number of Pinnacle shares that were present/represented at the annual general meeting:
88 428 754 being 54 % of the total number of Pinnacle shares that could have been voted at the
AGM
The resolutions proposed at the meeting, together with the number and percentage of votes, in
favour of, against or abstained, are set out below:
Resolutions Shares Voted Number of votes (one Abstained
per share)
Excluding In Favour Against As a % of
Of
Abstentions Votable
Shares
Special resolutions
1. Issue of a general
authority to repurchase 88,406,061 88,406,061 0 22,693
shares
% 100% 0% 0.01%
2. Issue of a general 0
authority to provide financial 88,406,061 88,406,061 22,693
assistance to any of its
subsidiaries
% 100% 0% 0.01%
3. Approval of the fee 0
structure to be paid to non- 88,078,729 88,078,729 350,025
executive directors
% 100% 0% 0.21%
Ordinary resolutions
1. Appointment of new
director
Appointment of Mr B Sibiya
as an independent non - 88,406,061 88,380,000 26,061 22,693
executive director
% 99.97% 0.03% 0.01%
2. Re-appointment of
retiring directors
2.1 Re-appointment of Ms
SH Chaba as an independent 88,078,729 88,078,729 0 350,025
non-executive director
% 100% 0% 0.21%
2.2 Re-appointment of Mr E
van der Merwe as a non- 88,078,729 71,267,720 16,811,009 350,025
executive director
% 80.91% 19.09% 0.21%
3. Appointment of the Audit
and Risk Committee
members
3.1 Ms N Medupe –
Chairperson 88,078,729 88,078,289 440 350,025
% 99.9995% 0.0005% 0.21%
3.2 Ms SH Chaba – Member
88,078,729 88,078,289 440 350,025
% 99.9995% 0.0005% 0.21%
3.3 Mr E van der Merwe – Withdrawn Withdrawn Withdrawn Withdrawn
Member
3.4 Mr B Sibiya – Member
88,078,729 88,078,289 440 350,025
% 99.9995% 0.0005% 0.21%
4. Approval to re- appoint
SizweNtsalubaGobodo 88,406,061 88,406,061 0 22,693
Incorporated and Mr A
Philippou as auditors
% 100% 0% 0.01%
5. Endorsement of the
Company’s Remuneration 88,406,061 61,697,999 26,708,062 22,693
Policy and its
implementation
% 69.79% 30.21% 0.01%
6. Authorisation of the
directors to implement the 88,406,061 88,406,061 0 22,693
special and ordinary
resolutions
% 100% 0% 0.01%
7. General authorisation to
place unissued shares under 88,406,061 75,145,688 13,260,373 22,693
the control of the directors
% 85.00% 15.00% 0.01%
8. General authorisation to
issue shares for cash 88,406,061 77,016,186 11,389,875 22,693
% 87.12% 12.88% 0.01%
Midrand
3 December 2015
Sponsor
Deloitte & Touche Sponsor Services (Pty) Ltd
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