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TONGAAT HULETT LIMITED - Results of Annual General Meeting

Release Date: 01/08/2017 12:10
Code(s): TON     PDF:  
Wrap Text
Results of Annual General Meeting

    Tongaat Hulett Limited
    Registration number 1892/000610/06
    Share code: TON
    ISIN ZAE000096541

    TONGAAT HULETT RESULTS OF ANNUAL GENERAL MEETING

    Shareholders are advised that all the resolutions set out
    in the Notice of Annual General Meeting were passed by
    the requisite majority of shareholders represented at the
    annual general meeting of Tongaat Hulett Limited held on
    1 August 2017.

    Total issued share capital: 135 112 506

    Total number of shares present/represented at the AGM
    (being 86,74% of the total votable shares): 117 198 363

    Abstentions are represented as a     percentage     of   total
    issued number of ordinary shares.

    Details of the results of the voting are as follows:


Resolutions                      Shares voted   Shares         Shares
                                 for            voted          abstained
                                                against

Reappointment of Deloitte and    102 530 303    14 565 754     102 306
Touche as auditors (with Mr G    87,56%         12,44%         0,08%
Kruger as designated auditor)

Re-election of SM Beesley as a   117 092 677    3 558          102 128
director                         100,00%        0,00%          0,08%


Re-election of F Jakoet as a     117 092 527    3 708          102 128
director                         100,00%        0,00%          0,08%


Re-election of TN Mgoduso as a   117 092 256    3 979          102 128
director                         100,00%        0,00%          0,08%

Election of Audit & Compliance
Committee until the next AGM:

Election of J John               116 798 556    297 679        102 128
                                 99,75%         0,25%          0,08%

Election of SM Beesley           117 092 527    3 708          102 128
                                 100,00%        0,00%          0,08%

Election of F Jakoet             116 799 393    296 842        102 128
                                 99,75%         0,25%          0,08%

Election of RP Kupara            117 092 256    3 979          102 128
                                 100,00%        0,00%          0,08%


Special Resolution Number 1      117 092 107    4 580          101 676
authorising the repurchase of    100,%          0,00%          0,08%
issued ordinary shares to a
maximum of five percent in any
year.

Ordinary Resolution Number       1 117 091 387  4 545          102 431
authorising directors to give    100,00%        0,00%          0,08%
effect to Special Resolution
Number 1

Ordinary Resolution Number 2     106 210 226    8 958 703     2 029 434
authorising   the  placing  of   92,22%         7,78%         1,50%
unissued share capital under
the control of directors to a
maximum of five percent of the
issued share capital

Ordinary Resolution Number       3 106 209 666  8 959 263    2 029 434
authorising directors to issue   92,22%         7,78%        1,50%
for cash unissued shares in
terms of Ordinary Resolution
Number 2

Special Resolution Number 2       115 165 113   3 316        2 029 934
giving authority to directors     100,00%       0,00%        1,50%
to   authorise   the   company,
which acts, inter alia, as
treasury    manager   to    its
subsidiaries and associates,
to provide funding assistance
as per section 45 of the
Companies Act

Special Resolution Number 3       117 087 913   8 322        102 128
authorising the remuneration      99,99%        0,01%        0,08%
payable to directors for their
service as directors of the
company

Non-binding advisory vote         78 899 882    29 984 651   8 313 830
endorsing the company’s           72,46%        27,54%       6,15%
remuneration policy



    Tongaat
    1 August 2017

    Sponsor
    Investec Bank Limited

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