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HOWDEN AFRICA HOLDINGS LIMITED - Results of Annual General Meeting

Release Date: 01/06/2016 17:36
Code(s): HWN     PDF:  
Wrap Text
Results of Annual General Meeting

Howden Africa Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number 1996/002982/06)
Share code: HWN
ISIN: ZAE000010583
("HAHL" or “the Company”)

Results of Annual General Meeting (“AGM”)

Shareholders are advised that at the AGM held today, 01 June 2016, ordinary and special
resolutions, as specified in the notice of the meeting, were passed by the requisite majority
of shareholders except for ordinary resolution 8 (Issue of shares for cash) and special
resolution 3 (Authority to grant financial assistance in terms of section 44 of the Companies
Act no. 71 of 2008). The statistics of the meeting are as follows:

-    Total number of ordinary shares in issue in HAHL as at the date of the AGM: 65 729 109;
-    Total number of issued ordinary shares that could have been voted at the AGM
     (excluding treasury shares): 65 729 109; and
-    Total number of issued ordinary shares that were voted in person or by proxy at the
     AGM: 59 312 609 (which represents 90.24% of the Company’s total issued ordinary
     shares as well as 90.24% of the total number of issued ordinary shares that could have
     been voted).

                                            Voted for     Voted against      Abstentions
                                           (% of shares    (% of shares       (% of total
    Resolutions                               voted)          voted)           shares)

    Ordinary resolution 1
    Adoption of annual financial
    statements                                   100             0                0
    Ordinary resolution 2
    External auditors                       96.45198         3.54802              0
    Ordinary resolution 3.1
    Re-appointment of Mitesh Patel as a
    member and chairman of Audit and
    Risk Committee                          96.45198         3.54802              0
    Ordinary resolution 3.2
    Re-appointment of Morongwe
    Malebye as a members of the audit
    and risk committee                      96.32503         3.67497              0
    Ordinary resolution 3.3
    Appointment of Humphrey Mathe as
    a members of the audit and risk
    committee                               96.45198         3.54802              0
    Ordinary resolution 4
    Non-binding advisory endorsement
    of the Company’s remuneration
    policy                                  80.68223        19.31777           0.27385
    Ordinary resolution 5.1
    Re-election of Ian Brander              94.11389         5.88611              0
    Ordinary resolution 5.2
    Re-election of James Brown              93.98695         6.01305              0
    Ordinary resolution 6
    Election of Willy Thomson               94.11389         5.88611              0
  Ordinary resolution 7
  Control of 15% unissued share
  capital                                   71.03566        28.96434              0
  Ordinary resolution 8
  General authority to issue shares for
  cash                                      71.03566        28.96434              0
  Special resolution 1
  General approval for acquisition of
  the Company’s shares by the
  Company or subsidiary                     91.73289         8.26711              0
  Special resolution 2
  Increase in non-executive director’s
  fees                                      96.45139         3.54861              0
  Special resolution 3
  Approval to grant financial
  assistance in terms of section 44 of
  the Companies Act no. 71 of 2008          68.50485         31.49515             0
  Special resolution 4
  Approval to grant financial
  assistance to a related or
  interrelated company in terms of
  section 45 of the Companies Act no.
  71 of 2008                                84.01045         15.98975             0


Booysens, Johannesburg
01 June 2016

Sponsor:
PricewaterhouseCoopers Corporate Finance (Proprietary) Limited

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