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VISUAL INTERNATIONAL HOLDINGS LIMITED - Results of annual general meeting

Release Date: 23/12/2016 12:13
Code(s): VIS     PDF:  
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Results of annual general meeting

VISUAL INTERNATIONAL HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2006/030975/06)
(“the Company” or “Visual”)
ISIN Code: ZAE000187407         Share code: VIS


RESULTS OF ANNUAL GENERAL MEETING (“AGM”)


Shareholders are advised that the AGM of Visual was held on 22 December 2016 and all the resolutions proposed
at the AGM were passed by the requisite number of shareholders. The following information is provided.

Number of ordinary shares represented at the meeting                                                 166 479 381
Total issued number of ordinary shares                                                               223 000 126
Percentage of ordinary shares represented at the meeting                                                  74.65%

The resolutions proposed at the annual general meeting, together with the percentage of votes carried for and
against each resolution, are set out below:

                                                    Total number of                                       Abstain:
                                                          votes cast:            For:     Against:    (% of issued
 Resolution proposed
                                                          (excluding      (% of total   (% of total          share
                                                         abstentions)       votes cast)   votes cast)      capital)
 Ordinary Resolution Number 1 –
 Presentation and acceptance of annual financial         166 109 231       166 109 231             -        370 150
 statements                                                                       100%          0.00%         0.17%

 Ordinary Resolution Number -2
 Director retirement and re-election – R Richards        166 174 625       166 125 025         49 600       304 756
                                                                                99.97%          0.03%         0.14%
 Ordinary Resolution Number -3
 Director retirement and re-election – CT Vorster        166 174 625       166 125 025         49 600       304 756
                                                                                99.97%          0.03%         0.14%
 Ordinary Resolution Number -4
 Director retirement and re-election – P Ranchod         166 174 625       166 125 025         49 600       304 756
                                                                                99.97%          0.03%         0.14%
 Ordinary Resolution Number 5 -
 Auditors’ appointment and remuneration – Baker          166 132 781       166 127 781          5 000       346 600
 Tilly Greenwoods                                                              99.997%         0.003%         0.15%
                                                                           
 Ordinary Resolution Number 6 -
 Appointment of Audit and Risk Committee
 member – P Ranchod                                      166 177 381       166 127 781         49 600       302 000
                                                                                99.97%          0.03%         0.13%
 Ordinary Resolution Number 7 –
 Appointment of Audit and Risk Committee
 member – R Kadalie                                      166 177 381       166 127 781         49 600       302 000
                                                                                99.97%          0.03%         0.13%
                                                      
 Ordinary Resolution Number 8 –                                              
 Appointment of Audit and Risk Committee                 166 177 381       166 127 781         49 600       302 000
 member – CT Vorster                                                            99.97%          0.03%         0.13%

 Ordinary Resolution Number 9 –
 Appointment of Audit and Risk Committee                 166 177 381       166 127 781         49 600       302 000
 member – Dr E Links                                                            99.97%          0.03%         0.13%
                                                                              
 Ordinary Resolution Number 10 –
 Approval of Remuneration Policy                         166 132 781       166 117 781         15 000      346 600
                                                                                99.99%          0.01%        0.15%
 Ordinary Resolution Number 11 –
 General authority to allot and issue shares for         166 167 381       166 122 781         44 600      312 000
 cash                                                                           99.97%           0.03%       0.14%
                                                                              
 Special Resolution Number 1 –
 Non-Executive Directors’ remuneration                   166 143 831       166 091 475          52 356     335 550
                                                                                99.97%           0.03%       0.15%
 Special Resolution Number 2 –
 General authority to enter into funding                 166 167 381       166 122 781          44 600     312 000
 agreements, provide loans or other financial            
 assistance                                                                     99.97%           0.03%       0.14%
                                                                              
 Special Resolution Number 3 –
 Authority to issue shares or rights that may            166 177 381       166 120 025          57 356     302 000
 exceed 30% of voting power                                                     99.97%           0.03%       0.13%
                                                                              

By order of the board.

Johannesburg
23 December 2016

Designated Advisor
Arbor Capital Sponsors Proprietary Limited

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