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NOVUS HOLDINGS LIMITED - Results of Annual General Meeting held on 23 September 2016

Release Date: 23/09/2016 15:35
Code(s): NVS     PDF:  
Wrap Text
Results of Annual General Meeting held on 23 September 2016

Novus Holdings Limited
 (Incorporated in the Republic South Africa)
JSE share code: NVS
ISIN: ZAE000202149
Registration number: 2008/011165/06
(“Novus Holdings”, “the Company” or “the Group”)


RESULTS OF ANNUAL GENERAL MEETING HELD ON 23 SEPTEMBER 2016


Shareholders are advised that at the Annual General Meeting (“AGM”) of Novus Holdings held today at
the Group’s registered office at 10 Freedom Way, Marconi Beam, Montague Gardens in Cape Town, all
the resolutions set out in the notice were duly passed by the requisite majority of shareholders.

 Total issued number of ordinary shares:                                           347 332 454
 Number of ordinary shares that could have been voted at the meeting:              319 545 857
 Total number of ordinary shares represented at the AGM:                           283 154 162
 Percentage of ordinary shares represented at the meeting:                         81.52%

The voting details with respect to the proposed resolutions were as follows:

 Resolution Proposed                     Votes in Favour           Votes Against              Abstentions

 Ordinary resolution number 1:              283 154 162                        -                      -
 Consideration and Acceptance                      100%
 of Financial Statements

 Ordinary resolution number 2:               283 154 162                       -                      -
 Re-appointment of auditor –                       100%
 PriceWaterhouseCoopers (PWC)

 Ordinary resolution number 3.1:             283 154 162                       -                      -
 Confirmation of Appointment of                    100%
 Executive Director – Keith
 Anthony Vroon

 Ordinary resolution number 3.2:             283 154 162                       -                      -
 Confirmation of Appointment of                    100%
 Executive Director – Edrich Fivaz

 Ordinary resolution number 4:               283 154 162                       -                      -
 Confirmation of Appointment of                    100%
 Non-Executive Director –
 Christoffel Botha

 Ordinary resolution number 5.1:             283 154 162                       -                      -
 Re-election of Non-Executive                      100%
 Director – Abduraghman
 (Manie) Mayman

                                                                                                      
 Ordinary resolution number 5.2:             282 392 724                    761 438                   -
 Re-election of Non-Executive                    99.73%                      0.27%
 Director – Bernard John Olivier

 Ordinary resolution number 5.3:             282 638 462                    515 700                   -
 Re-election of Non-Executive                    99.82%                      0.18%
 Director – Fred Robertson

 Ordinary resolution number 6.1:             282 392 724                    761 438                    -
 Re-appointment of member of                      99.73%                     0.27%
 Audit Committee – Bernard
 John Olivier

 Ordinary resolution number 6.2:             283 148 162                         -                    6000
 Re-appointment of member of                       100%                                              0.00%
 Audit Committee – Gugulethu 
 Patricia Dingaan

 Ordinary resolution number 6.3:             283 154 162                         -                     -
 Appointment of member of                          100%
 Audit Committee – Christoffel
 Botha

 Ordinary resolution number 7:               253 522 533                   20 953 456              8 678 173
 Endorsement of Novus Holdings                    92.37%                        7.63%                  2.50%
 remuneration policy

 Ordinary resolution number 8:               258 808 181                   26 345 981                     -
 General authority to Directors                   90.70%                       9.30%
 to allot and issue authorised but
 unissued ordinary shares

 Ordinary resolution number 9:                256 808 181                  26 345 981                     -
 General authority to issue                        90.70%                      9.30%
 ordinary shares for cash

 Ordinary resolution number 10:               283 154 162                         -                       -
 Signing Powers                                      100%

 Special resolution number 1:                 259 940 690                   9 193 873            14 019 599
 Remuneration of Directors                         96.58%                       3.42%                4.04%

 Special resolution number 2.1:               263 571 795                  10 904 194            8 678 173
 Amendment of ESOP                                 96.03%                       3.97%                2.50%

 Special resolution number 2.2:                250 067 896                 24 408 093            8 678 173
 Grant of rights under SAR                          91.11%                      8.89%                2.50%
 Scheme 

 Special resolution number 2.3:                263 571 795                  10 904 194            8 678 173
 Grant of rights under RSP                          96.03%                       3.97%               2.50%
 Scheme

 Special resolution number 3.1:                283 154 162                          -                     -
 Approval of the amendment to                         100%
 clause 15.4 of the MOI
                                                                      
 Special resolution number 3.2:                283 154 162                          -                     -
 Approval of the amendment to                         100%
 clause 17.2 of the MOI

 Special resolution number 3.3:                283 154 162                          -                     - 
 Approval of the amendment to                         100%
 clause 19.3 of the MOI

 Special resolution number 4:                   263 304 238                 11 171 751            8 678 173
 Approval of financial assistance                    95.93%                      4.07%                2.50%
 i.t.o. section 44 of the
 Companies Act

 Special resolution number 5:                  273 960 289                     515 700            8 678 173
 Approval of financial assistance                   99.81%                       0.19%                2.50%
 i.t.o. section 45 of the
 Companies Act



By order of the Board
Cape Town

23 September 2016

Sponsor: Investec Bank Limited




                                                                      

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