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Report on proceedings at the annual general meeting
Mr Price Group Limited
(Incorporated in the Republic of South Africa)
(Registration number 1933/004418/06)
ISIN: ZAE000200457
Share Code: MRP
("Mr Price Group" or "the Group")
REPORT ON PROCEEDINGS AT THE ANNUAL GENERAL MEETING
At the 83rd Annual General Meeting (“AGM”) of the shareholders of Mr Price Group Limited held today, 31 August 2016, all the ordinary and special resolutions proposed at
the meeting were unaltered from that reflected in the Notice of Meeting and were approved by the requisite majority of votes.
In this regard, Mr Price Group Limited confirms the voting statistics from the AGM as follows:
Votes carried disclosed as Votes for
Abstentions
a percentage in relation to and against
as a
the total number of shares Number of as a
percentage
voted at the meeting votes cast, percentage
Resolutions of issued
including of issued
share
abstentions share
For Against Abstain capital
capital
votes
votes
Ordinary resolution number 1 - Adoption of the Annual Financial Statements 99.90 0.00 0.10 337,479,498 87.04 0.09
Ordinary resolution numbers 2.1 to 2.3 - Re-election of Directors retiring by rotation
2.1 Mr SB Cohen 99.06 0.88 0.06 337,479,498 87.07 0.05
2.2 Mr K Getz 98.26 1.68 0.06 337,479,498 87.07 0.05
2.3 Mr MJD Ruck 99.39 0.54 0.06 337,479,498 87.07 0.05
Ordinary resolution number 3 - Re-election of independent auditor 87.67 12.26 0.06 337,479,498 87.07 0.05
Ordinary resolution numbers 4.1 to 4.4 - Election of members of the Audit and
Compliance Committee
4.1 Mr MR Johnston 85.87 14.01 0.12 337,479,498 87.02 0.10
4.2 Ms D Naidoo 99.56 0.32 0.12 337,479,498 87.02 0.10
4.3 Mr MJD Ruck 99.35 0.53 0.12 337,479,498 87.02 0.10
4.4 Mr WJ Swain 85.96 13.92 0.12 337,479,498 87.02 0.10
Ordinary resolution number 5 - Non-binding advisory vote on the Remuneration policy of
84.66 15.21 0.13 337,479,498 87.01 0.12
the Company
Ordinary resolution number 6 - Adoption of the Report of the SETS Committee 90.21 9.69 0.10 337,479,498 87.04 0.09
Ordinary resolution number 7 - Signature of documents 99.94 0.00 0.06 337,479,498 87.07 0.05
Ordinary resolution number 8 - Control of authorised but unissued shares 94.54 5.40 0.06 337,479,498 87.07 0.05
Special resolution numbers 1.1 to 1.10 - Non-executive Director remuneration:
1.1 Independent non-executive Chairman of the Company - R1 327 500 99.89 0.05 0.06 337,479,498 87.07 0.05
1.2 Honorary Chairman of the company – R663 750 99.17 0.76 0.06 337,479,498 87.07 0.05
1.3 Lead Director of the Company - R393 000 99.03 0.91 0.06 337,479,498 87.07 0.05
1.4 Other Director of the Company - R329 250 99.92 0.02 0.06 337,479,498 87.07 0.05
1.5 Chairman of the Audit and Compliance Committee – R205 000 99.92 0.01 0.06 337,479,498 87.07 0.05
1.6 Member of the Audit and Compliance Committee – R121 600 99.92 0.01 0.06 337,479,498 87.07 0.05
1.7 Chairman of the Remuneration and Nominations Committee - R167 800 99.92 0.01 0.06 337,479,498 87.07 0.05
1.8 Member of the Remuneration and Nominations Committee - R87 650 99.92 0.01 0.06 337,479,498 87.07 0.05
1.9 Chairman of the Social, Ethics, Transformation and Sustainability Committee
99.92 0.01 0.06 337,479,498 87.07 0.05
- R133 800
1.10 Member of the Social, Ethics, Transformation and Sustainability Committee
99.92 0.01 0.06 337,479,498 87.07 0.05
- R84 950
Special resolution No. 2 – General authority to repurchase shares 99.55 0.32 0.13 326,045,118 84.07 0.11
Special resolution No. 3 – Specific authority to repurchase shares 99.67 0.21 0.12 326,045,118 84.07 0.10
Special resolution No. 4 – Financial assistance to related or inter-related Company 99.81 0.07 0.12 337,479,498 87.02 0.10
Special resolution No. 5.1 – Amendment to MOI (part 1 proxy submission) 99.52 0.21 0.27 337,479,498 86.90 0.23
Special resolution No. 5.2 – Amendment to MOI (part 2 fractional entitlements) 99.73 0.00 0.27 337,479,498 86.90 0.23
The total issued share capital is 255 995 880 ordinary shares (which carry 1 vote per share) and 10 945 081 B-ordinary shares (which carry 12 votes per share).
The special resolution/s will, where necessary, be lodged for registration with the Companies and Intellectual Property Commission in due course.
Durban
31 August 2016
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
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