COMAIR LIMITED - Results Of The Annual General Meeting

Release Date: 29/11/2017 09:01
Code(s): COM
 
Wrap Text
Results Of The Annual General Meeting

Comair Limited
(Incorporated in the Republic of South Africa)
(Registration number 1967/006783/06)
Share code: COM
ISIN: ZAE000029823
("Comair" or “the Company”)



RESULTS OF THE ANNUAL GENERAL MEETING

Shareholders are hereby advised that at the Annual General Meeting of the Company held at 12h00 on
28 November 2017, held at Comair’s Operations Building, Corner Whirlwind and Fortress Roads, Rhodesfield,
1619 (“Annual General Meeting”), all of the proposed ordinary and special resolutions were passed by the
requisite majority of votes cast by Comair shareholders present or represented by proxy. The detailed voting
resulting of the Annual General Meeting are set out below.

Altogether 81% of voteable shares in issue, being 382,112,168 shares, were represented at the Annual General
Meeting.

Annual General Meeting Results:

                          Votes carried disclosed as                                            Shares abstained
                         a percentage in relation to                        Shares voted          disclosed as a
                         the total number of shares                        disclosed as a         percentage in
                            voted at the meeting         Number of         percentage in          relation to the
Resolutions
                                                        shares voted    relation to the total   total issued share
                                                                       issued share capital*         capital*
                         For             Against
Ordinary Resolution
Number 1 –
Consideration of         100%            0.00%         382,009,917           81.39%                   0.02%
Annual Financial
Statements

Ordinary Resolution
Number 2 – Re-
                         100%            0.00%         380,703,940          81.12%                   0.30%
appointment of
External Auditors

Ordinary Resolution
Number 3.1 – Election
                         100%            0.00%         381,995,467          81.39%                   0.02%
of Director, Mr. J.M.
Kahn

Ordinary Resolution
Number 3.2 – Election
                         99.98%          0.02%         381,995,467         81.39%                   0.02%
of Director, Mr. R.S.
Ntuli

Ordinary Resolution
Number 3.3 – Election
                         65.90%          34.10         381,995,567         81.39%                   0.02%
of Director, Mr. R.C.
Sacks

Ordinary Resolution
Number 3.4 – Election
                         67.68%          32.32%        381,995,467        81.39%                   0.02%
of Director, Dr. P.J.
Welgemoed

Ordinary Resolution
Number 3.5 – Election
                          99.99%         0.01%        381,995,467         81.39%                   0.02%
of Director, Mr. P. van
Hoven

Ordinary Resolution
Number 4.1 – Election
of Independent Non-
                          99.99%        0.01%        381,995,467         81.39%                   0.02%
Executive Director to
Audit Committee –
Mr. N. Maharajh

Ordinary Resolution
Number 4.2 – Election
of Independent Non-
                          67.34%      32.66%         381,995,467         81.39%                    0.02%
Executive Director to
Audit Committee – Dr.
P.J. Welgemoed

Ordinary Resolution
Number 4.3 – Election
of Independent Non-
                          99.98%      0.02%          381,995,467         81.39%                   0.02%
Executive Director to
Audit Committee –
Mr. R.S. Ntuli

Ordinary Resolution
Number 4.4 – Election
of Independent Non-
                          81.94%     18.06%         316,357,802         67.41%                  14.01%
Executive Director to
Audit Committee –
Ms P. Mahanyele

Non-binding
endorsement of
                          99.67%      0.33%         381,995,367         81.39%                  0.02%
Company
Remuneration Policy

Special Resolution
Number 1 – Approval
of Non-Executive
                          98.76%     1.24%         381,995,367         81,39%                  0,02%
Directors’
Remuneration
2016/2017

Special Resolution
Number 2 – Approval
of Non-Executive
                          98.76%     1.24%        381,995,367         81.39%                  0.02%
Directors’
Remuneration
2017/2018

Special Resolution
Number 3 – Approval       98.51%    1.49%        381,992,584         81.39%                  0.03%
to repurchase shares

Special Resolution
Number 4 – Approval
to provide financial
assistance to related
                          99.99%    0.01%        381,995,367         81.39%                   0.02%
and interrelated
companies or
corporations

Ordinary Resolution
Number 5 –
Authorization for
Company Secretary or
                         100%       0.00%        381,999,617        81.39%                    0.02%
any Director to sign
the necessary
documents to give
effect to resolutions

*Total issued share capital is 469,330,865.*

The special resolution/s will, where necessary, be lodged for registration with the Companies and Intellectual
Property Commission in due course.

Kempton Park
29 November 2017

Sponsor
PSG CAPITAL PROPRIETARY LIMITED

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