ADAPT IT HOLDINGS LIMITED - Results of Annual General Meeting

Release Date: 24/11/2017 13:00
Code(s): ADI
 
Wrap Text
Results of Annual General Meeting

Adapt IT Holdings Limited
Incorporated in the Republic of South Africa
(Registration number 1998/017276/06)
Share code: ADI ISIN: ZAE000113163
(“Adapt IT” or “the company” or “the group”)


RESULTS OF ANNUAL GENERAL MEETING


Shareholders are advised that, at the annual general meeting of Adapt IT held today, all the resolutions
as set out in the notice of annual general meeting were passed by the requisite majority of shareholders.

The number of shares voted in person or by proxy was 74 750 011, representing 46.56% of the total
issued share capital of the same class of Adapt IT shares.

The resolutions proposed at the meeting, together with the percentage of shares abstained, as well as
the percentage of votes carried for and against each resolution, are set out below:

                                                               % of votes
                                                              carried for     % of votes
                                                                      the    against the   % of shares
Resolution                                                     resolution     resolution     abstained

Special resolution 1: Approval of non-executive directors’
fees                                                                98.84           1.16          0.59

Special resolution 2: General approval to acquire own
shares                                                              99.89           0.11          0.59

Special resolution 3: Loans or other financial assistance to
related companies                                                   99.89           0.11          0.59

Special resolution 4: Loans or other financial assistance to
directors                                                           84.15          15.85          0.68

Ordinary resolution 1: To receive, consider and adopt the
annual financial statements of the company and group for
the financial year ended 30 June 2017                               99.90           0.10          0.61

Ordinary resolution 2: Re-election of director – Mr C
Chambers                                                            99.90           0.10          2.80

Ordinary resolution 3: Re-election of director – Ms B Ntuli         80.98          19.02          0.71

Ordinary resolution 4: Re-appointment of Ms B Ntuli to the
Audit and Risk Committee                                            81.16          18.84          0.71

Ordinary resolution 5: Re-appointment of Mr O Fortuin to
the Audit and Risk Committee                                        99.88           0.12          0.61

Ordinary resolution 6: Re-appointment of Ms C Koffman
to the Audit and Risk Committee                                     99.88           0.12          0.61

Ordinary resolution 7: Re-appointment of the Independent
Registered Auditor                                                  99.88           0.12          0.60

Ordinary resolution 8: Endorsement of the remuneration
policy                                                              84.07          15.93          0.23

Ordinary resolution 9: Approval to issue ordinary shares,
and to sell treasury shares, for cash                               83.97          16.03          0.59

Ordinary resolution 10: Signature of documents                      99.90           0.10          0.62


Johannesburg
24 November 2017

Sponsor
Merchantec Capital

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