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Results of Annual General Meeting and Restructuring of Board Committees
CARGO CARRIERS LIMITED
(Registration Number 1959/003254/06)
Share code: CRG
ISIN: ZAE000001764
("Cargo Carriers" or "the Company" or “the Group”)
RESULTS OF THE ANNUAL GENERAL MEETING AND RESTRUCTURING OF BOARD COMMITTEES
Shareholders are advised that at the Annual General Meeting (“AGM”) of shareholders held on Thursday, 27 July
2017, all the resolutions tabled at the meeting were passed by the requisite majority of shareholders.
Details of the results of voting at the AGM are as follows:
- Total number of Cargo Carriers shares in issue at the date of the AGM: 21 052 632
- Shares held by Cargo Carriers Employee Share Incentive Trust: 593 710 (excluded from voting on
resolutions proposed in terms of JSE Listings Requirements)
- Total number of Cargo Carriers shares that were present/represented at the AGM: 17 393 026, being 82.62%
of the total number of ordinary shares that could have been voted on at the AGM.
Abstain Total Votes
For Against: (% of issued (excluding
Resolution proposed % % share capital) abstentions)
Ordinary resolution number 1 – 17 393 026 0 0
Acceptance of financial statements 100% 0.00% 0.00% 17 393 026
Ordinary resolution number 2 – 17 393 026 0 0
Director appointment – SF Nomvalo 100% 0.00% 0.00% 17 393 026
Ordinary resolution number 3 – 17 393 026 0 0
Director appointment – A Gcabashe 100% 0.00% 0.00% 17 393 026
Ordinary resolution number 4 – 17 393 026 0 0
Director appointment – N Medupe 100% 0.00% 0.00% 17 393 026
Ordinary resolution number 5 – 17 037 261 355 765 0
Director retirement and re-election – BB Fraser 97.95% 2.05% 0.00% 17 393 026
Ordinary resolution number 6 – 17 393 026 0 0
Approval of remuneration policy 100% 0.00% 0.00% 17 393 026
Ordinary resolution number 7 – 17 393 026 0 0
Appointment and remuneration of Auditors 100% 0.00% 0.00% 17 393 026
Ordinary resolution number 8 –
Appointment of audit and risk committee 17 393 026 0 0
member – SF Nomvalo 100% 0.00% 0.00% 17 393 026
Ordinary resolution number 9 –
Appointment of audit and risk committee 17 393 026 0 0
member – AE Franklin 100% 0.00% 0.00% 17 393 026
Ordinary resolution number 10 –
Appointment of audit and risk committee 17 393 026 0 0
member – V Raseroka 100% 0.00% 0.00% 17 393 026
Ordinary resolution number 11 –
Appointment of audit and risk committee 17 393 026 0 0
member – A Gcabashe 100% 0.00% 0.00%
17 393 026
Ordinary resolution number 12 –
Appointment of audit and risk committee 17 393 026 0 0
member – N Medupe 100% 0.00% 0.00% 17 393 026
Ordinary resolution number 13 –
General authority to allot and issue shares for 16 443 551 355 765 0
cash* 97.88% 2.12% 0.00% 16 799 316
Special resolution number 1 – 16 799 316 0 0
General authority to repurchase shares* 100% 0.00% 0.00% 16 799 316
Special resolution number 2 – 17 393 026 0 0
Non-Executive directors’ remuneration** 100% 0.00% 0.00% 17 393 026
Special resolution number 3 –
General authority to enter into funding
agreements, provide loans or other financial 17 393 026 0 0
assistance 100% 0.00% 0.00% 17 393 026
* 593 710 shares held by Cargo Carriers Employee Share Incentive Trust excluded from voting on this resolution
** Special resolution number 2 was modified at the annual general meeting. The modification provides for VAT on
the proposed revised fees to be invoiced by the individual non-executive directors where this may be necessary.
Restructuring of the Board Committees
As announced on SENS on 6 June 2017, Mrs MJ Vuso retired from the Cargo Carriers board at the AGM. Following
Mrs Vuso’s retirement, the following changes have been made to the Board committees:
Audit and Risk Committee
Mr SF Nomvalo has been appointed as Chairperson of the Audit & Risk Committee
Social & Ethics Committee
Ms Amanda Gcabashe has been appointed as Chairperson of the Social & Ethics Committee
Remuneration Committee
Ms Amanda Gcabashe has been appointed as a member of the Remuneration Committee.
Nominations Committee
Ms Amanda Gcabashe has been appointed as a member of the Nominations Committee.
Johannesburg
31 July 2017
Sponsor
Arbor Capital Sponsors Proprietary Limited
Date: 31/07/2017 05:43:00 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
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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.
