Wrap Text
Results of AGM/ Changes in directorate
Barloworld Limited
Incorporated in the Republic of South Africa)
(Registration number 1918/000095/06)
(Income Tax Registration number 9000/051/71/5)
(JSE Share code: BAW)
(Ordinary share ISIN: ZAE000026639)
(Preference share code: BAWP)
(Preference share ISIN: ZAE000026647)
(Namibian Stock Exchange share code: BWL)
(“Barloworld” or “the Company”)
RESULTS OF ANNUAL GENERAL MEETING/ CHANGES IN DIRECTORATE
Shareholders are advised that, at the hundredth Annual
General Meeting of Barloworld Limited held on Wednesday, 8
February 2017, the ordinary and special resolutions, as
set out in the notice of annual general meeting made
available on the company’s website on 20 December 2016 and
posted to members on 19 December 2016 were passed, on a
poll, by the requisite majority.
Details of the results of the voting are as follows:
Total issued share capital: 212,692,583
Total number of shares present /
represented at the annual general meeting: 164,530,726
being 77.36% of the total votable shares
Ordinary Number of Shares Shares Shares
resolutions shares voted for: voted abstained:
voted against:
1.Acceptance 153,618,004 153,618,004 - 1,021,430
of financial
statements
% of total % of shares % of % of total
issued voted shares issued
shares voted shares
72.23% 100.00% - 048%
2. Re- 154,621,764 123,554,569 31,067,195 71,244
election of
Adv DB % of total % of shares % of % of total
Ntsebeza SC issued voted shares issued
shares voted shares
72.70% 79.91% 20.09% 0.03%
3. Re- 154,646,753 154,646,753 - 30,111
election of
Mr SS % of total % of shares % of % of total
Ntsaluba as a issued voted shares issued
member and shares voted shares
election as 72.71% 100.00% - 0.01%
the chairman
of the audit
committee
4. Re- 154,873,299 145,502,073 9,371,226 30,111
election of
Ms B Ngonyama % of total % of shares % of % of total
as a member issued voted shares issued
of the audit shares voted shares
committee 72.82% 93.95% 6.05% 0.01%
5. Election 154,646,753 154,646,753 - 30,111
of Ms FNO
Edozien as a % of total % of shares % of % of total
member of the issued voted shares issued
audit shares voted shares
committee 72.71% 100.00% - 0.01%
6.Appointment 154,647,053 126,559,657 28,087,396 29,811
of external
auditor % of total % of shares % of % of total
issued voted shares issued
shares voted shares
72.71% 81.84% 18.16% 0.01%
7.Non-binding 155,049,330 125,006,866 30,042,464 33,361
advisory vote
on % of total % of shares % of % of total
remuneration issued voted shares issued
policy shares voted shares
72.90% 80.62% 19.38% 0.02%
Special Number of Shares Shares Shares
resolutions shares voted voted for: voted abstained:
against:
1.1 Approval 154,607,342 154,590,035 17,307 69,521
of non-
executive % of total % of shares % of % of total
directors fees issued voted shares issued
– chairman of shares voted shares
the board 72.69% 99.99% 0.01% 0.03%
1.2 Resident 154,638,753 154,622,196 16,557 38,110
non-executive
directors fees % of total % of shares % of % of total
issued voted shares issued
shares voted shares
72.71% 99.99% 0.01% 0.02%
1.3 Non- 154,638,753 154,634,685 4,068 38,110
resident non-
executive % of total % of shares % of % of total
directors fees issued voted shares issued
shares voted shares
72.71% 100.00% 0.00% 0.02%
1.4 Chairman 154,638,753 154,625,196 13,557 38,110
of the audit
committee – % of total % of shares % of % of total
(resident)fees issued voted shares issued
shares voted shares
72.71% 99.99% 0.01% 0.02%
1.5 Resident 154,629,063 154,612,506 16,557 47,800
members of the
audit % of total % of shares % of % of total
committee fees issued voted shares issued
shares voted shares
72.70% 99.99% 0.01% 0.02%
1.6 Non - 154,638,753 154,632,976 5,777 38,110
resident
members of the % of total % of shares % of % of total
audit issued voted shares issued
committee fees shares voted shares
72.71% 100.00% 0.00% 0.02%
1.7 Chairman 154,638,753 154,632,976 5,777 38,110
of the
remuneration % of total % of shares % of % of total
committee issued voted shares issued
(non- shares voted shares
resident)fees 72.71% 100.00% 0.00% 0.02%
1.8 Chairman 154,638,753 154,622,796 16,557 38,110
of the
remuneration % of total % of shares % of % of total
committee issued voted shares issued
(resident)fees shares voted shares
72.71% 0.01% 0.02%
1.9 Chairman 154,638,762 153,994,376 644,386 38,110
of the social,
ethics and % of total % of shares % of % of total
transformation issued voted shares issued
committee shares voted shares
(resident)fees 72.71% 99.58% 0.42% 0.02%
1.10 Chairman 154,638,653 153,554,267 644,386 38,210
of the risk
and % of total % of shares % of % of total
sustainability issued voted shares issued
committee shares voted shares
(resident)fees 72.71% 99.58% 0.42% 0.02%
1.11 Chairman 153,603,550 153,959,164 644,386 69,621
of the general
purposes % of total % of shares % of % of total
committee issued voted shares issued
(resident)fees shares voted shares
72.22% 99.58% 0.42% 0.03%
1.12 Chairman 154,607,242 153,962,856 344,386 69,621
of the
nomination % of total % of shares % of % of total
committee issued voted shares issued
(resident)fees shares voted shares
72.55% 99.78% 0.22% 0.03%
1.13 Resident 154,638,653 153,994,267 644,386 38,210
members of
each of the % of total % of shares % of % of total
board issued voted shares issued
committees shares voted shares
other than 72.71% 99.58% 0.42% 0.02%
audit
committee
1.14 Non- 154,638,653 154,634,585 4,068 38,210
resident
members of % of total % of shares % of % of total
each of the issued voted shares issued
board shares voted shares
committees 72.71% 100.00% 0.00% 0.02%
2. Approval of 154,641,653 154,580,353 61,300 35,210
loans or other
financial % of total % of shares % of % of total
assistance to issued voted shares issued
related or shares voted shares
inter-related 72.71% 99.96% 0.04% 0.02%
companies and
corporations
3. General 154,596,275 154,337,039 259,236 80,588
authority to
acquire the % of total % of shares % of % of total
company’s own issued voted shares issued
shares shares voted shares
72.69% 99.83% 0.17% 0.04%
DIRECTORATE CHANGES
Messrs Peter Bulterman, Steven Pfeiffer and Clive Thomson
retired from the Barloworld Limited board at the annual
general meeting.
Mr Steve Pfeiffer, having reached the retirement age for
non-executive directors of 70 years, retired from the board
and as chairman of the remuneration committee and member of
other sub-committees of the board.
Mr Clive Thomson retired as executive director of the
board, member of sub-committees and CEO of the Barloworld
Group as part of a structured succession plan. C Thomson,
however, remains in the employ of the Company in an
advisory capacity for a short period to ensure an effective
handover process and seamless leadership transition to
incoming CEO Mr Dominic Sewela.
Mr Peter Bulterman retired as executive director of the
board in terms of a planned process to reduce the number of
executives represented on the board. P Bulterman remains in
the employ of the Company as the CEO of the Equipment
division.
As a result of the announced disposal of the Handling and
Agriculture South Africa businesses into a 50:50 joint
venture with Baywa AG, the CEO of the Barloworld Handling
division, Mr John Blackbeard, will retire from the Company
and the board of Barloworld Limited and its sub-committees
at the end of April 2017 having successfully executed the
rationalisation of our local and international Handling
operations.
The directors of Barloworld extend their thanks to the
above directors for their service and contributions during
their tenure on the board.
The following Barloworld Limited board committee
appointments were approved by the board with immediate
effect:
General Purposes committee - Dominic Sewela
Social, Ethics and Transformation committee - Dominic
Sewela
Remuneration committee - Neo Dongwana
Sandton
9 February 2017
Sponsor: J.P. Morgan Equities South Africa Proprietary
Limited
Date: 09/02/2017 12:03:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.