JASCO ELECTRONICS HOLDINGS LIMITED - Results of annual general meeting

Results of annual general meeting

JASCO ELECTRONICS HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration Number: 1987/003293/06)
Share Code: JSC    ISIN: ZAE000003794
("Jasco" or “the group”)

RESULTS OF ANNUAL GENERAL MEETING

Shareholders are hereby advised that at the annual general meeting
of shareholders of the company held on Wednesday, 2 November 2016,
all the proposed ordinary and special resolutions, as set out in the
notice of annual general meeting contained in the Integrated Annual
Report which was posted to shareholders on 30 September 2016, were
passed by the requisite majority of shareholders present and voting,
in person or by proxy.

Details of the results of voting at the annual general meeting are
as follows:
- Total number of issued ordinary shares: 229 319 191
- Total number of issued ordinary shares net of treasury shares
(“Total Votable Ordinary Shares”): 223 684 992
-   Total   number   of   issued   ordinary    shares   which   were
present/represented at the annual general meeting: 162 534 079 being
72.66% of the Total Votable Ordinary Shares.

Ordinary Resolutions
Ordinary resolution number 1.1: Re-election of Mr MJ Madungandaba as
a director
 For (1)          Against (1)      Abstentions (2) Shares voted
                                                    (3)
162 533 979,     100, being 0%      5 418, being    162 534 079,
being 100%                          0.002%          being 72.66%

Ordinary resolution number 1.2: Re-election of Mr H Moolla as a
director

Ordinary resolution number 2: Election of group audit and risk
committee members

Ordinary resolution number 3: Election of group social and ethics
committee members

Shareholders are referred to the announcement released on SENS on 2
November 2016 regarding Mr H Moolla’s resignation as director and
are advised that ordinary resolutions number 1.2, 2 and 3 were
withdrawn as a result.
The Company is in the process of filling the vacancies left
by both Sir John Sherry and Mr H Moolla.

Ordinary resolution number 4: Reappointment of independent external
auditors
 For (1)          Against (1)      Abstentions (2) Shares voted
                                                    (3)
162 533 979,     100, being 0%     5 418, being     162 534 079,
being 100%                         0.002%           being 72.66%

Ordinary resolution number 5: Approval of remuneration policy
 For (1)          Against (1)      Abstentions (2) Shares voted
                                                    (3)
162 533 979,     100, being 0%     5 418, being     162 534 079,
being 100%                         0.002%           being 72.66%

Ordinary resolution number 6: General authority to place the
authorised but unissued shares under the directors’ control
 For (1)          Against (1)      Abstentions (2) Shares voted
                                                    (3)
162 533 979,     100, being 0%     5 418, being     162 534 079,
being 100%                         0.002%           being 72.66%

Ordinary resolution number 7: General authority to issue shares, and
to sell treasury shares for cash
 For (1)          Against (1)      Abstentions (2) Shares voted
                                                    (3)
162 533 979,     100, being 0%     5 418, being     162 534 079,
being 100%                         0.002%           being 72.66%

Ordinary resolution number 8: Authorise directors and/or secretary
 For (1)          Against (1)      Abstentions (2) Shares voted
                                                    (3)
162 533 979,     100, being 0%     5 418, being     162 534 079,
being 100%                         0.002%           being 72.66%

Special resolutions
Special resolution number 1:Non-executive directors’ fees
 For (1)          Against (1)      Abstentions (2) Shares voted
                                                    (3)
162 533 979,     5 518, being      0, being 0%      162 534 079,
being 100%       0.003%                             being 72.66%

Special resolution number 2: Financial assistance to a related or
inter-related company or companies
 For (1)          Against (1)      Abstentions (2) Shares voted
                                                   (3)
162 533 979,      100, being 0%    5 418, being     162 534 079,
being 100%                         0.002%           being 72.66%


Notes:
(1) The votes carried for and against each individual resolution
are disclosed as a percentage in relation to the total number of
ordinary shares voted (whether in person or by proxy) in respect of
such individual resolution at the annual general meeting.
(2)The total number of ordinary shares abstained in respect of each
individual resolution (whether in person or by proxy) is disclosed
as a percentage in relation to the Total Votable Ordinary Shares.
(3) The total number of ordinary shares voted (whether in person or
by proxy) at the annual general meeting in respect of each
individual resolution is disclosed as a percentage in relation to
the Total Votable Ordinary Shares.

The relevant special resolutions will be lodged with the Companies
and Intellectual Property Commission in due course.

Midrand
2 November 2016

Sponsor: Grindrod Bank Limited

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