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PSV HOLDINGS LIMITED - Results of Annual General Meeting

Release Date: 31/08/2016 17:15
Code(s): PSV     PDF:  
Wrap Text
Results of Annual General Meeting

PSV Holdings Limited
Incorporated in the Republic of South Africa
(Registration number 1998/004365/06)
Share code: PSV ISIN: ZAE000078705
(“PSV” or “the Company” or “the Group”)


RESULTS OF ANNUAL GENERAL MEETING


Shareholders are advised that, at the annual general meeting of PSV held on Tuesday, 30 August 2016, all
the resolutions as set out in the notice of annual general meeting were passed by the requisite majority of
shareholders, with the exception of “Special resolution number 3: Financial assistance for the subscription of
securities”, “Ordinary resolution number 2: Control of authorised but unissued ordinary shares” and
“Ordinary resolution number 3: Approval to issue ordinary shares, and to sell treasury shares, for cash”.

The following resolutions were withdrawn prior to the annual general meeting, “To approve the re-election as
Director of Ralph Patmore who retires by rotation”, and “To approve the appointment of Ralph Patmore as a
member of the Independent Audit and Risk Committee”.

The number of shares voted in person or by proxy was 164 327 266, representing 61.8% of the total issued
share capital of the same class of PSV shares.

No shares abstained from voting on the resolutions proposed at the annual general meeting.
The resolutions proposed at the meeting, together with the percentage of votes carried for and against each
resolution, are set out below:

                                                                       % of votes carried   % of votes against
 Resolution                                                            for the resolution       the resolution
 
 To receive, consider and adopt the annual financial statements of
 the Company and Group for the financial year ended                                100.00                    -
 29 February 2016
 
 To approve the appointment of Anthony de la Rue as a member                       100.00                    -
 and Chairman of the Independent Audit and Risk Committee
 
 To approve the appointment of Eric Ratshikhopha as member of                      100.00                    -
 the Independent Audit and Risk Committee
 
 To confirm the appointment of Certified Master Auditors Inc. as
 auditors of the Company together with Raymond Baard being the                     100.00                    -
 individual registered auditor for the ensuing financial year
 
 Special resolution number 1: Approval of the Non-Executive                        100.00                    -
 Directors’ remuneration
 
 Special resolution number 2: General approval to acquire                          100.00                    -
 shares
 
 Special resolution number 3: Financial assistance for the                          36.79                63.21
 subscription of securities
 
 Special resolution number 4: Loans or other financial                             100.00                    -
 assistance to inter-related companies
 
 Ordinary resolution number 1: Approval of the remuneration                        100.00                    -
 policy
 
 Ordinary resolution number 2: Control of authorised but                            36.79                63.21
 unissued ordinary shares
 
 Ordinary resolution number 3: Approval to issue ordinary                           36.79                63.21
 shares, and to sell treasury shares, for cash
 
 Ordinary resolution number 4: Signature of documents                              100.00                    -



Johannesburg
31 August 2016

Designated Adviser
Merchantec Capital

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