RAND MERCHANT INVESTMENT HOLDINGS LIMITED - Report on proceedings at the annual general meeting

Release Date: 24/11/2017 10:35
Code(s): RMI
 
Wrap Text
Report on proceedings at the annual general meeting

RAND MERCHANT INVESTMENT HOLDINGS LIMITED 
(Incorporated in the Republic of South Africa) 
(Registration number: 2010/005770/06) 
ISIN: ZAE000210688 
JSE ordinary share code: RMI 
("RMI" or "the company") 
 
REPORT ON PROCEEDINGS AT THE ANNUAL GENERAL MEETING 
                          
At the seventh annual general meeting ("AGM") of the shareholders of RMI held on Wednesday, 22 November 2017, all the ordinary and special resolutions proposed at 
the meeting were approved by the requisite majority of votes. In this regard, RMI confirms the voting statistics from the AGM as follows: 
 
                                                                                                                            Shares voted             Shares abstained 
                                                               Votes carried disclosed as a                                 disclosed as a           disclosed as a
                                                               percentage in relation to the total                          percentage in            percentage in                              
                                                               number of shares voted at the                                relation to the total    relation to the total 
                                                               meeting                                                      issued share capital*    issued share capital*
                                                                                                       Number of                                        
Resolutions                                                                                            shares voted 
                                                                                                                       
                                                                                                                        
                                                                For             Against                                               
Ordinary resolutions                                                                                                                 
                                                                                                                                     
1. Re-election of directors                                                                               
   1.1 Gerrit Thomas Ferreira                                  90.17%             9.83%                1 123 259 987        74.00%                   0.08% 
   1.2 Sonja Emilia Ncumisa De Bruyn Sebotsa                   97.22%             2.78%                1 123 290 491        74.01%                   0.07% 
   1.3 Jan Jonathan Durand                                     91.78%             8.22%                1 123 258 657        74.00%                   0.08% 
   1.4 Patrick Maguire Goss                                    98.33%             1.67%                1 123 290 491        74.01%                   0.07% 
   1.5 Obakeng Phetwe                                          92.51%             7.49%                1 123 255 157        74.00%                   0.08% 
Advisory endorsement of remuneration policy                    81.92%            18.08%                1 123 240 468        74.00%                   0.08% 
Advisory endorsement of remuneration implementation 
report                                                         89.57%            10.43%                1 024 415 807        67.49%                   6.59% 
2. Place 5% of the authorised ordinary shares under the 
   control of the directors                                    96.01%             3.99%                1 123 293 756        74.01%                   0.07% 
3. General authority to issue ordinary shares for cash         87.81%            12.19%                1 123 293 991        74.01%                   0.07% 
4. Approval of re-appointment of auditor                      100.00%             0.00%                1 123 288 285        74.01%                   0.07% 
5. Appointment of the company’s audit and risk 
   committee members  
   5.1 Jan Willem Dreyer                                       98.73%             1.27%                1 123 290 006        74.01%                   0.07% 
   5.2 Sonja Emilia Ncumisa De Bruyn Sebotsa                   99.43%             0.57%                1 112 411 650        73.29%                   0.79% 
   5.3 Per-Erik Lagerström                                     99.44%             0.56%                1 123 286 506        74.01%                   0.07% 
                                                                                                                                                   
Special resolutions                                                                                                                                
                                                                                                                                                   
1. Approval of non-executive directors’ remuneration 
   with effect from 1 December 2017                            99.99%             0.01%                1 123 236 928        74.00%                   0.08% 
2. General authority to repurchase company shares              99.14%             0.86%                1 123 115 976        73.99%                   0.09% 
3. Issue of shares, convertible securities and/or options 
   to persons listed in section 41(1) of the Companies 
   Act for the purposes of their participation in a 
   reinvestment option                                         99.81%             0.19%                1 123 286 451        74.01%                   0.07% 
4. Financial assistance to directors, prescribed officers, 
   employee share scheme beneficiaries and related and         92.38%             7.62%                1 123 287 035        74.01%                   0.07% 
   inter-related companies 
5. Adoption of a new memorandum of incorporation               88.88%            11.12%                1 123 282 191        74.00%                   0.07% 
 
*Total issued share capital is 1 517 848 499 ordinary shares. 

The special resolutions will, where necessary, be lodged for registration with the Companies and Intellectual Property Commission in due course. 
  
 
Sandton 
24 November 2017 
 
Sponsor 
RAND MERCHANT BANK (A division of FirstRand Bank Limited) 

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