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Results of Annual General Meeting (AGM)
PPC Ltd
(Incorporated in the Republic of South Africa)
(Company registration number: 1892/000667/06)
ISIN: ZAE000170049
JSE / ZSE Share Code: PPC
("PPC" or the "Company")
Results of Annual General Meeting (AGM)
PPC advises its shareholders that all the proposed ordinary and special resolutions
contained in the Notice of the AGM dated 12 July 2017 and tabled at the Company’s
AGM held on Monday, 28 August 2017 were passed by the requisite majority of votes
cast by shareholders, with the exception of ordinary resolution 3 withdrawn at the
AGM and ordinary resolution 13 which failed to meet the requisite majority votes in
favour.
Resolutions proposed Number of Shares Percentage Percentage Percentage
shares voted voted* For** Against** Abstained*
Ordinary Resolution 1: Election of 1,271,873,256 79.90 99.84 0.16 0.09
a director – Ms N Gobodo
Ordinary Resolution 2: Reelection 1,271,873,256 79.90 99.03 0.97 0.09
of a director – Mr T Leaf-Wright
Ordinary Resolution 3: Reelection WITHDRAWN
of a director – Mr T Mboweni
Ordinary Resolution 4: Reelection 1,271,873,256 79.90 99.03 0.97 0.09
of a director – Mr C Naude
Ordinary Resolution 5: 1,271,873,256 79.90 84.68 15.32 0.09
Reappointment of external auditors,
Deloitte & Touche
Ordinary Resolution 6: authority to 1,271,873,256 79.90 99.11 0.89 0.14
fix remuneration of external
auditors
Ordinary Resolution 7: Appointment 1,271,873,256 79.90 99.03 0.97 0.09
of audit committee member – Ms N
Goldin
Ordinary Resolution 8: Appointment 1,271,873,256 79.90 99.85 0.15 0.79
of audit committee member – Ms N
Gobodo
Ordinary Resolution 9: Appointment 1,271,873,256 79.90 90.83 9.17 0.09
of audit committee member – Mr TDA
Ross
Ordinary Resolution 10: 1,271,873,256 79.90 84.54 15.46 0.18
Confirmation of remuneration policy
Ordinary Resolution 11: 1,271,873,256 79.90 84.48 15.52 0.18
Confirmation of implementation
report
Ordinary Resolution 12: Placing the 1,271,873,256 79.90 70.09 29.91 0.14
shares under the control of the
directors
Ordinary Resolution 13: General 1,271,873,256 79.90 69.12 30.88 0.14
authority to issue shares for cash
Special Resolution 1 – S45 1,271,873,256 79.90 99.55 0.45 0.10
Financial assistance
Special Resolution 2.1: Directors’ 1,271,873,256 79.90 80.00 20.00 0.09
fees - Chairperson
Special Resolution 2.2: Directors’ 1,271,873,256 79.90 99.86 0.14 0.09
fees – Non-executive Board member
Special Resolution 2.3: Directors’ 1,271,873,256 79.90 99.86 0.14 0.09
fees – Audit committee chairperson
Special Resolution 2.4: Directors’ 1,271,873,256 79.90 99.87 0.13 0.09
fees – audit committee member
Special Resolution 2.5: Directors’ 1,271,873,256 79.90 99.86 0.14 0.09
fees – Remuneration committee
chairperson
Special Resolution 2.6: Directors’ 1,271,873,256 79.90 99.86 0.14 0.09
fees - Remuneration committee
member
Special Resolution 2.7: Directors’ 1,271,873,256 79.90 99.86 0.14 0.09
fees – Risk and compliance
committee chairperson
Special Resolution 2.8: Directors’ 1,271,873,256 79.90 99.86 0.14 0.09
fees – Risk and compliance
committee member
Special Resolution 2.9: Directors’ 1,271,873,256 79.90 99.86 0.14 0.10
fees – Social and ethics committee
chairperson
Special Resolution 2.10: Directors’ 1,271,873,256 79.90 99.86 0.14 0.10
fees – Social and ethics committee
member
Special Resolution 2.11: Directors’ 1,271,873,256 79.90 99.86 0.14 0.10
fees – Nomination committee
chairperson
Special Resolution 2.12: Directors’ 1,271,873,256 79.90 99.86 0.14 0.10
fees - Nomination committee member
Special Resolution 2.13: Directors’ 1,271,873,256 79.90 99.86 0.14 0.10
fees – Investment committee
chairperson
Special Resolution 2.14: Directors’ 1,271,873,256 79.90 99.85 0.15 0.09
fees - Investment committee member
Special Resolution 2.15: Directors’ 1,271,873,256 79.90 93.61 6.39 0.09
fees – Special meetings chairperson
Special Resolution 2.16: Directors’ 1,271,873,256 79.90 99.08 0.92 0.09
fees – Special meetings member
Special Resolution 2.17: Directors’ 1,271,873,256 79.90 99.86 0.14 0.09
fees – Lead independent non-
executive director
Special Resolution 2.18: VAT 1,271,873,256 79.90 98.59 1.41 0.14
repayment to non-executive
directors
Special Resolution 3 – General 1,271,873,256 79.90 98.43 1.57 0.14
authority to repurchase company
shares
Special Resolution 4 – Amendment of 1,225,512,104 76.99 99.37 0.63 0.14
the company’s MoI
* As a percentage to the total number of PPC ordinary shares in issue
** As a percentage to the total number of shares voted
Jaco Snyman
Company Secretary
28 August 2017
Sponsor:
Merrill Lynch South Africa (Pty) Limited
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