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Results of Annual General Meeting
NEDBANK GROUP LIMITED
(Incorporated in the Republic of South Africa)
Registration number: 1966/010630/06
JSE share code: NED
NSX share code: NBK
ISIN: ZAE000004875
(“Nedbank Group” or “the Group”)
RESULTS OF ANNUAL GENERAL MEETING
Shareholders are advised that the voting results for the annual general meeting (“AGM”) of Nedbank Group held at the
registered offices of the Group on Thursday, 5 May 2016 were as follows:
Resolution Number of Percentage of For** Against** Abstained***
ordinary ordinary % % %
shares voted shares in
issue*
%
Ordinary Resolution 1, item 3.1: Election as a director of 418 822 859 84.46 99.76 0.24 0.05
Mr JB Hemphill, who was appointed as a director since
the previous annual general meeting of shareholders
Ordinary Resolution 1, item 3.2 : Election as a director of 418 821 272 84.46 99.78 0.22 0.05
Mr S Subramoney, who was appointed as a director since
the previous annual general meeting of shareholders
Ordinary Resolution 2, item 4.1 : Re-election as a director 418 814 609 84.46 99.80 0.20 0.05
of Mr DKT Adomakoh, who is retiring by rotation
Ordinary Resolution 2, item4.2 : Re-election as a director 418 822 556 84.46 99.78 0.22 0.05
of Mr ID Gladman, who is retiring by rotation
Ordinary Resolution 2, item 4.3 : Re-election as a director 418 820 033 84.46 99.76 0.24 0.05
of Mr MI Wyman, who is retiring by rotation
Ordinary Resolution 3, item 5.1 : Reappointment of 418 839 658 84.47 99.74 0.26 0.05
Deloitte & Touche as external auditors
Ordinary Resolution 3, item 5.2: Reappointment of KPMG 418 835 985 84.47 99.72 0.28 0.05
Inc as external auditors
Ordinary Resolution 4, item 6: Placing of unissued 418 814 706 84.46 93.74 6.26 0.05
ordinary shares under the control of the directors
Ordinary Resolution 5, item 7: Placing of unissued 416 791 460 84.05 91.60 8.40 0.46
preference shares under the control of the directors
Item 8: Advisory endorsement on a non-binding basis of 411 521 646 82.99 94.12 5.88 1.52
the company’s Remuneration Policy
Special resolution 1, item 9.1.: Remuneration of non- 418 834 678 84.47 99.98 0.022 0.05
executive directors – non-executive chairman
Special resolution 1, item 9.2.: Lead independent director 418 834 690 84.47 100.00 0.00 0.05
premium
Special resolution 1, item 9.3.: Remuneration of non- 418 834 754 84.47 99.74 0.26 0.05
executive directors – Nedbank Group board member
Special resolution 1, item 9.4.1.: Remuneration of non- 418 832 144 84.46 99.74 0.26 0.05
executive directors – Nedbank Group Audit Committee –
Chair
Special resolution 1, item 9.4.2.: Remuneration of non- 418 834 685 84.46 99.74 0.26 0.05
executive directors – Nedbank Group Audit Committee –
Member
Special resolution 1, item 9.5.1.: Remuneration of non- 418 834 629 84.47 100.00 0.00 0.05
executive directors – Nedbank Group Credit Committee –
Chair
Special resolution 1, item 9.5.2.: Remuneration of non- 418 834 690 84.47 100.00 0.00 0.05
Resolution Number of Percentage of For** Against** Abstained***
ordinary ordinary % % %
shares voted shares in
issue*
%
executive directors – Nedbank Group Credit Committee –
Member
Special resolution 1, item 9.6.1.: Remuneration of non- 418 832 139 84.46 99.54 0.46 0.05
executive directors – Nedbank Group Directors’ Affairs
Committee – Chair
Special resolution 1, item 9.6.2.: Remuneration of non- 418 832 144 84.46 99.74 0.26 0.05
executive directors – Nedbank Group Directors’ Affairs
Committee – Member
Special resolution 1, item 9.7.1.: Remuneration of non- 418 829 883 84.46 99.54 0.46 0.05
executive directors – Nedbank Group Information
Technology Committee – Chair
Special resolution 1, item 9.7.2.: Remuneration of non- 418 832 144 84.46 99.74 0.26 0.05
executive directors – Nedbank Group Information
Technology Committee – Member
Special resolution 1, item 9.8.1.: Remuneration of non- 418 832 144 84.46 99.76 0.24 0.05
executive directors – Nedbank Group Related-party
Transactions Committee – Chair
Special resolution 1, item 9.8.2.: Remuneration of non- 418 832 144 84.46 99.97 0.03 0.05
executive directors – Nedbank Group Related-party
Transactions Committee – Member
Special resolution 1, item 9.9.1.: Remuneration of non- 418 832 144 84.46 99.74 0.26 0.05
executive directors – Nedbank Group Remuneration
Committee – Chair
Special resolution 1, item 9.9.2.: Remuneration of non- 418 832 144 84.46 99.74 0.26 0.05
executive directors – Nedbank Group Remuneration
Committee – Member
Special resolution 1, item 9.10.1.: Remuneration of non- 418 832 144 84.46 99.74 0.26 0.05
executive directors – Nedbank Group Risk and Capital
Management Committee – Chair
Special resolution 1, item 9.10.2.: Remuneration of non- 418 832 144 84.46 99.74 0.26 0.05
executive directors – Nedbank Group Risk and Capital
Management Committee – Member
Special resolution 1, item 9.11.1.: Remuneration of non- 418 832 144 84.46 99.54 0.46 0.05
executive directors – Nedbank Group Transformation,
Social and Ethics Committee – Chair
Special resolution 1, item 9.11.2.: Remuneration of non- 418 832 144 84.46 99.74 0.26 0.05
executive directors – Nedbank Group Transformation,
Social and Ethics Committee – Member
Special resolution 2, item 10: General authority to 418 807 096 84.46 99.03 0.97 0.05
repurchase shares
Special resolution 3, item 11: General authority to 418 826 458 84.46 99.42 0.58 0.05
provide financial assistance to related and interrelated
companies
Special resolution 4, item 12: Amendment to the 418 824 168 84.46 100.00 0.00 0.05
memorandum of incorporation regarding the retirement
age of executive directors
Special resolution 5, item 13: Amendments to the rules of 418 740 437 84.45 99.32 0.68 0.07
the Nedbank Group (2005) Share Option, Matched Share
and Restricted Share Scheme
* Based on 495 865 721 shares in issue at the date of the AGM.
** In relation to the total number of shares voted at the AGM.
*** In relation to the total number of shares in issue at the date of the AGM.
Based on the above voting results, all resolutions were passed by the requisite majority of Nedbank Group shareholders
present in person or represented by proxy at the AGM.
Johannesburg
05 May 2016
Sponsors
Nedbank Corporate and Investment Banking
Merrill Lynch South Africa (Pty) Limited
Sponsor to Nedbank Group in Namibia:
Old Mutual Investment Services (Namibia) (Pty) Ltd
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