ADAPT IT HOLDINGS LIMITED - Results of Annual General Meeting

Release Date: 25/11/2016 17:20
Code(s): ADI
Wrap Text
Results of Annual General Meeting

Adapt IT Holdings Limited
Incorporated in the Republic of South Africa
(Registration number 1998/017276/06)
Share code: ADI ISIN: ZAE000113163
(“Adapt IT” or “the company” or “the group”)


Shareholders are advised that, at the annual general meeting of Adapt IT held today, all the resolutions
as set out in the notice of annual general meeting were passed by the requisite majority of shareholders.

The number of shares voted in person or by proxy was 70 852 207, representing 48% of the total issued
share capital of the same class of Adapt IT shares.

The resolutions proposed at the meeting, together with the percentage of shares abstained, as well as
the percentage of votes carried for and against each resolution, are set out below:

                                                                % of votes       % of votes
                                                           carried for the      against the    % of shares
Resolution                                                      resolution       resolution      abstained

Special resolution 1: Approval of non-executive
directors’ fees                                                      99.63             0.37           0.39

Special resolution 2: General approval to acquire
own shares                                                           97.56             2.44           0.38

Special resolution 3: Loans or other financial
assistance to directors and related companies                        86.40            13.60           4.33

Ordinary resolution 1: To receive, consider and
adopt the annual financial statements of the company
and group for the financial year ended 30 June 2016                 100.00             0.00           0.39

Ordinary resolution 2: Re-election of director – Mr O
Fortuin                                                              99.99             0.01           0.40

Ordinary resolution 3: Re-election of director – Ms C
Koffman                                                              99.99             0.01           0.40

Ordinary resolution 4: Appointment of director – Ms
N Mbambo                                                            99.998            0.002           0.40

Ordinary resolution 5: Re-appointment of Ms B Ntuli
to the Audit and Risk Committee                                     99.998            0.002           0.40

Ordinary resolution 6: Re-appointment of Mr O
Fortuin to the Audit and Risk Committee                              99.99             0.01           0.40

Ordinary resolution 7: Re-appointment of Ms C
Koffman to the Audit and Risk Committee                              99.99             0.01           0.40

Ordinary resolution 8: Re-appointment of the
Independent Registered Auditor                                       89.70            10.30           0.40

Ordinary resolution 9: Endorsement of the
remuneration policy                                                  86.80            13.20           0.39

Ordinary resolution 10: Approval to issue ordinary
shares, and to sell treasury shares, for cash                        76.21            23.79           0.38

Ordinary resolution 11: Signature of documents                       99.99             0.01           0.40

25 November 2016

Merchantec Capital

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