To view the PDF file, sign up for a MySharenet subscription.

VALUE GROUP LIMITED - Results of annual general meeting

Release Date: 21/07/2017 15:45
Code(s): VLE     PDF:  
Wrap Text
Results of annual general meeting

Value Group Limited
(Incorporated in the Republic of South Africa)
Registration number: 1997/002203/06
Share code: VLE
ISIN code: ZAE000016507
(“Value Group” or “the company’)


RESULTS OF ANNUAL GENERAL MEETING

Shareholders are advised that, at the annual general meeting of Value Group held on Friday, 21 July
2017, all resolutions as set out in the notice of the Annual General Meeting (“AGM”) were passed by
the requisite majority of members. In this regard, Value Group confirms the voting statistics from the
AGM were as follows:

                                                                                            %           Number
     Total number of shares that could be voted at the meeting                           100%        183,685,669
     Total number of shares present/represented including proxies at the meeting        79.81%       146,592,381
     Total number of members present in person                                                                 7

                                                                                                                          % of
                                              Votes in        %          Votes       %     Shares        Absten-       shares
                                               favour                   against             voted          tions    that could
                                                                                                                      be voted
Ordinary Resolution Number 1:
Re-election of non-executive directors:
1.1. Mr CD Stein                           146,462,575     99.93        100,000    0.07   146,562,575      29,806          0.02
1.2. Mr IM Groves                          146,462,575     99.93        100,000    0.07   146,562,575      29,806          0.02

Ordinary Resolution Number 2:
Approval of election of audit and
risk committee members:
2.1 Mr IM Groves (chairman)                146,460,775     99.93        101,800    0.07   146,562,575      29,806          0.02
2.2 Mr VW Mcobothi                         146,460,775     99.93        101,800    0.07   146,562,575      29,806          0.02
2.3 Mr CD Stein                            146,460,775     99.93        101,800    0.07   146,562,575      29,806          0.02

Ordinary Resolution Number 3:
Approval of re-appointment of
external auditor                           142,364,739     97.17    4,147,836      2.83   146,512,575      79,806          0.04

Ordinary Resolution Number 4:
Approval of the remuneration policy
by way of a non-binding, advisory
vote                                       124,494,569     87.38   17,979,220     12.62   142,473,789   4,118,592          2.24

Ordinary Resolution Number 5:
Approval of general authority to
directors to allot and issue
authorised but unissued ordinary
shares                                     124,444,569     84.94   22,068,006     15.06   146,512,575     79,806           0.04

Ordinary Resolution Number 6:
Approval of authority to allot and
issue ordinary shares for cash             128,842,405     87.94   17,670,170     12.06   146,512,575      79,806          0.04

Ordinary Resolution Number 7:
Approval of disposal of shares to
The Value Group Share Incentive
Trust                                      132,331,191     90.38   14,081,384      9.62   146,412,575     179,806          0.10

Ordinary Resolution Number 8:
Approval of signing authority              146,062,575     99.73        400,000    0.27   146,462,575     129,806          0.07

Special Resolution Number 1:
Approval of general authority to
acquire (repurchase) company shares        146,412,575     99.93        100,000    0.07   146,512,575      79,806          0.04

Special Resolution Number 2:
Approval of the remuneration of
the non-executive directors                137,474,153     94.12       8,582,333   5.88    146,056,486     535,895         0.29

Special Resolution Number 3:
Authority to provide financial
assistance to any company or
corporation which is related or inter-
related to the company                      128,061,155    87.42      18,427,420   12.58   146,488,575     103,806        0.06




For and on behalf of the Board

Johannesburg
21 July 2017

Sponsor
Investec Bank Limited

Date: 21/07/2017 03:45:00 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.

Share This Story