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Results Of Annual General Meeting
Pioneer Food Group Limited
Incorporated in the Republic of South Africa
Registration number: 1996/017676/06
Share code: PFG
ISIN code: ZAE000118279
(“Pioneer Foods” or “the Company”)
RESULTS OF ANNUAL GENERAL MEETING
Shareholders are hereby advised that at the annual general meeting of the Company held today, 10 February 2017
at Lanzerac Hotel & Spa, Stellenbosch, Western Cape (“AGM”), all of the resolutions were passed by the requisite
majority of the Pioneer Foods shareholders.
The detailed voting results of the AGM are set out below:
Ordinary Business
1 Ordinary Resolution Number 1: To confirm the re-appointment of PricewaterhouseCoopers Inc. as auditor for the
ensuing year on the recommendation of the Audit Committee.
For Against Abstain Shares voted
129,916,297 19,173,499 2,356 149,089,796
87.14% 12.86% 0.00% 69.16%
2 Ordinary Resolution Number 2: General authority to issue shares for cash
For Against Abstain Shares voted
148,292,599 610,930 188,623 148,903,529
99.59% 0.41% 0.09% 69.08%
3 Ordinary Resolution Number 3: To re-elect director: Abdus Salam Mohammad Karaan
For Against Abstain Shares voted
149,089,723 73 2,356 149,089,796
100.00% 0.00% 0.00% 69.16%
4 Ordinary Resolution Number 4: To re-elect director: Gerrit Pretorius
For Against Abstain Shares voted
149,089,723 73 2,356 149,089,796
100.00% 0.00% 0.00% 69.16%
5 Ordinary Resolution Number 5: To re-elect director: Andile Hesperus Sangqu
For Against Abstain Shares voted
148,788,310 301,486 2,356 149,089,796
99.80% 0.20% 0.00% 69.16%
6 Ordinary Resolution Number 6: To re-elect director: Norman Celliers
For Against Abstain Shares voted
148,871,505 218,291 2,356 149,089,796
99.85% 0.15% 0.00% 69.16%
7 Ordinary Resolution Number 7: Confirmation of appointment: Lindiwe Evarista Mthimunye-Bakoro
For Against Abstain Shares voted
149,089,723 73 2,356 149,089,796
100.00% 0.00% 0.00% 69.16%
8 Ordinary Resolution Number 8: Re-appointment of member of the Audit Committee: Norman William Thomson
For Against Abstain Shares voted
149,089,796 - 2,356 149,089,796
100.00% 0.00% 0.00% 69.16%
9 Ordinary Resolution Number 9: Re-appointment of member of the Audit Committee: Sango Siviwe Ntsaluba
For Against Abstain Shares voted
149,089,796 - 2,356 149,089,796
100.00% 0.00% 0.00% 69.16%
10 Ordinary Resolution Number 10: Appointment of member of the Audit Committee: Lindiwe Evarista Mthimunye-
Bakoro
For Against Abstain Shares voted
149,089,796 - 2,356 149,089,796
100.00% 0.00% 0.00% 69.16%
11 Ordinary Resolution Number 11: Non-binding endorsement of Pioneer Foods’ remuneration policy
For Against Abstain Shares voted
126,165,002 21,688,746 1,238,404 147,853,748
85.33% 14.67% 0.57% 68.59%
12 Special Resolution Number 1: Approval of non-executive directors’ remuneration
For Against Abstain Shares voted
147,881,408 17,250 1,193,494 147,898,658
99.99% 0.01% 0.55% 68.61%
13 Special Resolution Number 2: General authority to grant financial assistance to related and inter-related companies
For Against Abstain Shares voted
149,073,505 16,291 2,356 149,089,796
99.99% 0.01% 0.00% 69.16%
14 Special Resolution Number 3: Financial assistance for the acquisition of securities in the Company and in related and
inter-related companies
For Against Abstain Shares voted
134,557,486 14,522,125 12,541 149,079,611
90.26% 9.74% 0.01% 69.16%
15 Special Resolution Number 4: General authority to repurchase shares
For Against Abstain Shares voted
147,694,497 1,229,707 167,948 148,924,204
99.17% 0.83% 0.08% 69.09%
16 Special Resolution Number 5: Amendment to the Company’s MOI
For Against Abstain Shares voted
147,881,408 17,250 1,193,494 147,898,658
99.99% 0.01% 0.55% 68.61%
Notes:
– Percentages of shares voted are calculated in relation to the total issued share capital of Pioneer Foods.
– Percentage of shares voted for and against are calculated in relation to the total number of shares voted for
each resolution.
– Abstentions are calculated as a percentage in relation to the total issued share capital of Pioneer Foods.
Tyger Valley
10 February 2017
Sponsor
PSG Capital
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