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Report on proceedings at the annual general meeting
REUNERT LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1913/004355/06
ISIN: ZAE000057428
Share code: RLO
(“Reunert” or “the Company”)
REPORT ON PROCEEDINGS AT THE ANNUAL GENERAL MEETING
At the hundred and third (103rd) annual general meeting of the shareholders of Reunert held on 13 February 2017, all the ordinary and special resolutions proposed at
the meeting were approved by the requisite majority of votes.
The total issued share capital of Reunert is 184,081,596 ordinary shares. Of these, 1 644 979 ordinary shares are treasury shares, held by a subsidiary of Reunert.
Therefore, the total number of shares that could be voted at the meeting was 182 436 617.
Reunert confirms the voting statistics for the annual general meeting as follows:
Votes carried disclosed as a
percentage in relation to the total Shares voted Shares abstained
number of shares voted at the disclosed as a disclosed as a
meeting Number of percentage in percentage in
Resolutions shares voted relation to the total relation to the total
issued share capital* issued share capital*
For Against
Ordinary resolutions
Resolution no 1
Re-election of independent non-executive 99,80 0,2 158 961 610 87,13 0,02
director: TS Munday
Resolution no 2
Re-election of independent non-executive 99,71 0,29 158 946 120 87,12 0,02
director: T Abdool-Samad
Resolution no 3
Re-election of executive director: AE Dickson 99,55 0,45 158 961 610 87,13 0,02
Resolution no 4
Re-election of independent non-executive 99,81 0,19 158 946 120 87,12 0,02
director: TJ Motsohi
Resolution no 5
Re-election of independent non-executive 99,5 0,5 158 946 120 87,12 0,02
director: R van Rooyen
Resolution no 6
Re-election as Audit Committee member: R van 93,55 6,45 158 945 620 87,12 0,02
Rooyen
Resolution no 7
Re-election as Audit Committee member: 98,14 1,86 158 945 620 87,12 0,02
T Abdool-Samad
Resolution no 8
Re-election as Audit Committee member: 92,9 7,1 158 945 620 87,12 0,02
P Mahanyele
Resolution no 9
Re-election as Audit Committee member: 98,14 1,86 158 945 620 87,12 0,02
S Martin
Resolution no 10
Re-appointment of external auditors: 63,05 36,95 147 150 455 80,66 6,49
Deloitte and JAR Welch
Resolution no 11
Ratification relating to personal financial interest arising 100 0,0 158 943 161 87,12 0,03
from multiple offices in the Reunert group
Non-binding advisory resolutions
Resolution no 12
Endorsement of Reunert remuneration policy 72,49 27,51 158 958 096 87,13 0,02
Resolution no 13
Approval of proposed Reunert Deferred Bonus 81,56 18,44 158 958 098 87,13 0,02
Plan 2016
Special resolutions
Resolution no 14
Approval of issue of a maximum of 1 700 000
ordinary shares in terms of the Reunert 1985 98,83 1,17 158 958 401 87,13 0,02
Share Option Scheme, Reunert 1988 Share
Purchase Scheme and the Reunert 2006 Share
Option Scheme
Resolution no 15
General authority to repurchase shares, which 99,99 0,01 158 815 825 87,05 0,1
repurchase shall not exceed 5% of issued shares
Resolution no 16
Approval of non-executive directors’ 97,79 2,21 158 944 263 87,12 0,02
remuneration
Resolution no 17
Approval of non-executive directors’ 99,91 0,09 158 944 263 87,12 0,02
remuneration for ad hoc assignments
Resolution no 18
Approval of financial assistance in terms of approved 99,21 0,79 158 945 018 87,12 0,02
long-term or share incentive schemes and to entities
related or inter-related to the Company
Resolution no 19
Signature of documents and authority of director 99,99 0,01 158 961 610 87,13 0,02
or company secretary to implement resolutions
passed
Special resolutions will, where necessary, be lodged for registration with the Companies and Intellectual Property Commission in due course.
Sandton
14 February 2017
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
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