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Report on proceedings at the annual general meeting
Clover Industries Limited
(Incorporated in the Republic of South Africa)
(Registration number 2003/030429/06)
NSX Ordinary Share code: CLN
Ordinary Share code: CLR ISIN No: ZAE000152377
(“Clover”)
REPORT ON PROCEEDINGS AT THE ANNUAL GENERAL MEETING
At Clover’s 6th (sixth) annual general meeting (“AGM”) of shareholders
held on Monday, 28 November 2016, all the ordinary and special
resolutions proposed at the meeting were approved by the requisite
majority of votes. The voting statistics from the AGM are as follows:
Shares Shares
voted abstained
disclosed disclosed
Votes carried as a as a
disclosed as a percentage percentage
percentage in Number of in in
relation to the shares relation relation
total number of voted to the to the
shares voted at total total
the meeting issued issued
share share
capital# capital#
For Against
Ordinary Resolutions
Presentation of
Annual
1 Financial 100% 0% 162,446,786 85% 0,00204%
Statements
Re-election of
2 non-executive 92,58% 7,42% 162,439,422 85% 0,00591%
director: Mr NA
Smith
Re-appointment
3 of External 99,66% 0,34% 162,441,447 85% 0,00485%
Auditors: EY
Inc
Election of
Audit and Risk
4 Committee 94,52% 5,48% 162,441,447 85% 0,00485%
member: Dr SF
Booysen
Election of
Audit and Risk
5 Committee 93,97% 6,03% 162,444,825 85% 0,00307%
member: Mr JNS
Du Plessis
Election of
6 Audit and Risk 87,76% 12,24% 162,449,115 85% 0,00082%
Committee
member: Ms Ms B
Ngonyama
Election of
Audit and Risk
7 Committee 94,31% 5.69% 162,446,915 85% 0,00197%
member: Mr TA
Wixley
Approval of the
Clover Group 99,94% 0,06% 160,607,295 84% 0,96840%
8 Remuneration
Policy
Special Resolutions
General
1 authority to
repurchase 98,34% 1,66% 162,444,180 85% 0,00341%
shares
Remuneration of
2 Non-executive 92,60% 7,39% 162,207,061 85% 0,12798%
directors
Financial
Assistance in
terms of
3 section 45 of 99,98% 0,0182% 150,185,592 79% 6,44334%
the Companies
Act
Adoption of new
4 Memorandum of 99,99% 0,0035% 162,425,174 85% 0,01339%
Incorporation
# issued share capital is 190,352,747 shares
The special resolution/s will, where necessary, be lodged for
registration with the Companies and Intellectual Property Commission in
due course.
Johannesburg
29 November 2016
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
NSX Sponsor
IJG SECURITIES
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