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TELKOM SA SOC LIMITED - Results of Annual General Meeting

Release Date: 24/08/2016 17:20
Code(s): TKG     PDF:  
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Results of Annual General Meeting

      Telkom SA SOC Limited
      (Registration number 1991/005476/30)
      JSE share code: TKG
      ISIN: ZAE000044897
      (“Telkom”)

      RESULTS OF ANNUAL GENERAL MEETING

      Shareholders are advised that the voting results for the Annual General
      Meeting (“AGM”) of Telkom held at 10h00 on Wednesday, 24 August 2016 at JSE
      Limited, No. 1 Exchange Square, No. 2 Gwen Lane, Sandton were as follows:



Resolution        Resolution        Number of      Number       For      Against       Abstained
                                  shares voted    of voted                              
number                                                         % of      % of         % of
                                                  shares as
                                                               shares    shares      shares in
                                                  a % of
                                                  shares       voted**    voted**      issue**  
                                                 in issue*
                                                                                      
                                               
                                                                                    
                                                                                                 


                                 444,508,933     84.36      99.99      0.01         0
1            Ordinary
             resolution
             Re-election of Mr
             J Mabuza as a
             director
                                 444,509,306     84.36      99.99      0.01         0
2            Ordinary
             resolution
             Re-election of Mr
             N Kapila as a
             director
                                 444,504,333     84.35      99.99      0.01         0
3            Ordinary
             resolution
             Re-election of Mr
             I Kgaboesele as
             a director
                                 444,504,173     84.35      99.99      0.01         0
4            Ordinary
             resolution
             Re-election of Ms
             K Mzondeki as a
             director
                                 444,503,914     84.35      99.99      0.01         0
5            Ordinary
             resolution
             Election of Mr I
             Kgaboesele as a
             member of the
             Audit Committee




                                 444,494,326     84.35        99.99      0.01        0
6            Ordinary
             resolution
             Election of Ms K
             Mzondeki as a
             member of the
             Audit Committee


                                 444,498,487   84.35           99.99      0.01        0
7            Ordinary
             resolution
             Election of Mr L
             von Zeuner as a
             member of the
             Audit Committee



                                 444,503,933   84.35           99.99       0.01       0
8            Ordinary
             resolution
             Election of Ms T
             Dingaan as a
             member of the
             Audit Committee



                                   444,498,317   84.35          99,99       0.01       0
9            Ordinary
             resolution
             Election of Mr R
             Tomlinson as a
             member of the
             Audit Committee



                                   444,245,827   84.30            99.99      0.01     0
10           Ordinary
             resolution
             Re-appointment of
             auditors Ernst &
             Young Inc.



                                    444,501,125  84.35            99.99     0.01      0
11            Ordinary
              resolution
              Appointment of
              auditors Nkonki
              Incorporated.
                    

                                    440,745,644   83.64            99.15    0.85       0
12            Ordinary
              resolution
              General authority
              for directors to
              allot and issue
              and/or grant
              options over
              ordinary shares


                                    431,393,171   81.87            97.05   2.95        0
             Non-binding
             advisory vote to
             endorse the
             remuneration
             policy


                                   443,757,555      84.21         99.94       0.06     0
1          Special
           resolution
           Repurchase of
           shares



                                    441,240,222      83.73    99.26      0.74        0
2          Special
           resolution
           Authority to
           directors to
           issue equity
           securities for
           cash


                                     444,282,042      84.31    99.99      0.01        0
3          Special
           resolution
           Determination and
           approval of the
           remuneration of
           non-executive
           directors



                                       441,015,591       83.69   99.21      0.79        0
4          Special
           resolution
           Financial
           assistance to
           subsidiaries and
           other related
           entities and
           inter-related
           entities


    

    *Based on 526 948 698 shares in issue at the date of the AGM.
    **In relation to the total number of shares voted at the AGM.

    Based on the above results, all resolutions were passed by the requisite
    majority of Telkom shareholders present in person or represented by proxy
    at the AGM.



    Sandton
    24 August 2016

    Sponsor
    The Standard Bank of South Africa Limited

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