PRIMESERV GROUP LIMITED - Results of Annual General Meeting

Results of Annual General Meeting

Primeserv Group Limited
Incorporated in the Republic of South Africa
(Registration number 1997/013448/06)
Share code: PMV ISIN: ZAE000039277
(“Primeserv” or “the Company”)

RESULTS OF ANNUAL GENERAL MEETING

Results of Annual General Meeting
Primeserv is pleased to inform its shareholders that, at the annual
general meeting held today, 17 November 2017, all the proposed
ordinary and one of the two special resolutions were passed by the
requisite majority of shareholders present and voting, in person or
by proxy.

Details of the results of voting at the annual general meeting are
as follows:
- total number of issued ordinary shares: 132 062 743
- Total number of issued ordinary shares net of treasury shares
(“Total Votable Ordinary Shares”): 90 063 704
-   total   number   of   issued   ordinary   shares   which   were
present/represented at the annual general meeting: 57 699 279 being
64.06% of the Total Votable Ordinary Shares.

Ordinary Resolutions
Ordinary resolution 1: To confirm the appointment of Mazars as
independent auditors of the Company and Munesh Patel as the
designated auditor for the following year
For (1)          Against (1)        Abstentions (2)   Shares voted (3)
57 681 276,      0, being 0%        18 003, being     57 681 276,
being 99.97%                        0.02%             being 64.04%

Ordinary resolution 2.1: To confirm the re-appointment as director
for LM Maisela
For (1)          Against (1)        Abstentions (2)   Shares voted (3)
41 415 276,      0, being 0%        16 284 003,       41 415 276,
being 71.78%                        being 18.08%      being 45.98%

Ordinary resolution 2.2: To confirm the re-appointment as director
for DL Rose
For (1)          Against (1)        Abstentions (2)   Shares voted (3)
57 681 276,      0, being 0%        18 003, being     57 681 276,
being 99.97%                        0.02%             being 64.04%
Ordinary resolution 3.1: To elect as member and Chairman of the
Audit, Governance and Risk Committee, DL Rose
For (1)          Against (1)      Abstentions (2)     Shares voted (3)
57 681 276,      0, being 0%      18 003, being       57 681 276,
being 99.97%                      0.02%               being 64.04%

Ordinary resolution 3.2: To elect as member of the Audit,
Governance and Risk Committee, JM Judin
For (1)          Against (1)      Abstentions (2)   Shares voted (3)
31 834 672,      25 846 604,      18 003, being     57 681 276,
being 55.17%     being 44.79%     0.02%             being 64.04%

Ordinary resolution 3.2: To elect as member of the Audit,
Governance and Risk Committee, CS Ntshingila
For (1)          Against (1)      Abstentions (2)   Shares voted (3)
41 415 276,      0, being 0%      16 284 003,       41 415 276,
being 71.78%                      being 18.08%      being 45.98%

Ordinary resolution 4: Endorsement of the Primeserv Remuneration
Policy
For (1)          Against (1)      Abstentions (2)   Shares voted (3)
31 834 662,      25 864 617,      0, being 0%       57 699 279,
being 55.17%     being 44.83%                       being 64.06%

Ordinary resolution 5: Authority for directors or Company
Secretary to implement the resolutions
For (1)          Against (1)      Abstentions (2)   Shares voted (3)
57 681 276,      0, being 0%      18 003, being     57 681 276,
being 99.97%                      0.02%             being 64.04%

Special resolutions
Special resolution 1: To confirm the non-executive directors’
remuneration
For (1)          Against (1)      Abstentions (2)   Shares voted (3)
31 834 662,      25 864 617,      0, being 0%       57 699 279,
being 55.17%     being 44.83%                       being 64.06%

Special resolution 2: Authority to provide financial assistance to
related or inter-related companies of the Company
For (1)          Against (1)      Abstentions (2)   Shares voted (3)
57 681 276,      0, being 0%      18 003, being     57 681 276,
being 99.97%                      0.02%             being 64.04%

Notes:
(1) The votes carried for and against each individual resolution
are disclosed as a percentage in relation to the total number of
ordinary shares voted (whether in person or by proxy) in respect
of such individual resolution at the annual general meeting.
(2)The total number of ordinary shares abstained in respect of
each individual resolution (whether in person or by proxy) is
disclosed as a percentage in relation to the Total Votable Ordinary
Shares.
(3) The total number of ordinary shares voted (whether in person
or by proxy) at the annual general meeting in respect of each
individual resolution is disclosed as a percentage in relation to
the Total Votable Ordinary Shares.

Johannesburg
17 November 2017

Sponsor
Grindrod Bank Limited

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