REMGRO LIMITED - Report on proceedings at the annual general meeting

Release Date: 30/11/2017 16:16
Code(s): REM
 
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Report on proceedings at the annual general meeting

REMGRO LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1968/006415/06)
ISIN: ZAE000026480
Share code: REM
(“Remgro”)

REPORT ON PROCEEDINGS AT THE ANNUAL GENERAL MEETING

At the 2017 annual general meeting (“AGM”) of the shareholders of Remgro held yesterday, Wednesday,
29 November 2017 all the ordinary and special resolutions proposed were approved by the requisite
majority of votes. In this regard, Remgro confirms the voting statistics from the AGM as follows:



Resolutions           Votes carried disclosed                       Shares voted disclosed    Shares abstained
                      as a percentage in                            as a percentage in        disclosed as a
                      relation to the total                         relation to the total     percentage in
                      number of shares voted     Number of shares   issued share capital*     relation to the total
                      at the meeting             voted                                        issued share capital*
                                                                    Ordinary shares (“Ord”)
                      Ordinary shares (“Ord”)                       B ordinary shares (“B     Ordinary shares
                      B ordinary shares (“B                         Ord”)                     (“Ord”)
                      Ord”)                                                                   B ordinary shares (“B
                                                                                              Ord”)
                      For            Against

Ordinary Resolution   100% Ord       0% Ord      354 676 424         67.21% Ord                0.05% Ord
Number 1 - Approval   100% B Ord     0% B Ord    Ordinary shares     100% B Ord                0% B Ord
of annual financial                              39 056 987
statements                                       B ordinary shares                                                 

Ordinary Resolution   77.87% Ord     22.13% Ord  355 494 043         67.36% Ord                0.05% Ord
Number 2 -            100% B Ord     0% B Ord    Ordinary shares     100% B Ord                0% B Ord
Reappointment of                                 39 056 987
auditor                                          B ordinary shares                                              
                                                 
Ordinary Resolution                              354 779 964
Number 3 - Election   97.81% Ord     2.19% Ord   Ordinary shares     67.23% Ord                0.18% Ord
of director,          100% B Ord     0% B Ord    39 056 987          100% B Ord                0% B Ord
Mr W E Bührmann                                  B ordinary shares
                                                
Ordinary Resolution                              355 495 933
Number 4 - Election   95.31% Ord     4.69% Ord   Ordinary shares     67.36% Ord                0.05% Ord
of director,          100% B Ord     0% B Ord    39 056 987          100% B Ord                0% B Ord
Mr G T Ferreira                                  B ordinary shares                                                            
                                               
Ordinary Resolution                              355 494 083                      
Number 5 - Election   99.32% Ord     0.68% Ord   Ordinary shares     67.36% Ord                0.05% Ord
of director,          100% B Ord     0% B Ord    39 056 987          100% B Ord                0% B Ord                                                
Mr N P Mageza                                    B ordinary shares                                                
                                                
Ordinary Resolution                              355 495 933                      
Number 6 - Election   99.52% Ord     0.48% Ord   Ordinary shares     67.36% Ord                0.05% Ord
of director,          100% B Ord     0% B Ord    39 056 987          100% B Ord                0% B Ord
Mr P J Moleketi                                  B ordinary shares                                                             
                                                
Ordinary Resolution                              355 493 423                     
Number 7 - Election   72.39% Ord     27.61% Ord  Ordinary shares     67.36% Ord                0.05% Ord
of director,          100% B Ord     0% B Ord    39 056 987          100% B Ord                0% B Ord
Mr F Robertson                                   B ordinary shares
                                                
Ordinary Resolution                              355 378 630
Number 8              97.92% Ord     2.08% Ord   Ordinary shares     67.34% Ord                0.07% Ord     
- Election of         100% B Ord     0% B Ord    39 056 987          100% B Ord                0% B Ord
director,                                        B ordinary shares  
Mrs M Lubbe                                                         

Ordinary Resolution                              355 492 433
Number 9 -            98.97% Ord     1.03% Ord   Ordinary shares     67.36% Ord                0.05% Ord
Appointment of
member of the Audit   100% B Ord     0% B Ord    39 056 987          100% B Ord                0% B Ord
and Risk Committee,                              B ordinary shares                
                                                
Mr N P Mageza
Ordinary Resolution                              354 660 089
Number 10 -           99.54% Ord     0.46% Ord   Ordinary shares     67.20% Ord                0.05% Ord
Appointment of
member of the Audit   100% B Ord     0% B Ord    39 056 987          100% B Ord                0% B Ord
and Risk Committee,                              B ordinary shares                   
                                                 
Mr P J Moleketi
Ordinary Resolution                              355 132 310
Number 11 -           77.64% Ord     22.36% Ord  Ordinary shares     67.29% Ord                0.11% Ord                                                            
Appointment of
member of the Audit   100% B Ord     0% B Ord    39 056 987          100% B Ord                0% B Ord
and Risk Committee,                              B ordinary shares                 
                                                
Mr F Robertson
Ordinary Resolution
Number 12 -                                      355 483 083
Appointment of        99.08% Ord     0.92% Ord   Ordinary shares     67.36% Ord                0.05% Ord
member of the Audit
and Risk Committee,   100% B Ord     0% B Ord    39 056 987          100% B Ord                0% B Ord
Ms S E N De Bruyn                                B ordinary shares
Sebotsa                                          

Ordinary Resolution                              355 451 465
Number 13 – General   90.70% Ord     9.30% Ord   Ordinary shares     67.35% Ord                0.06% Ord
authority to place
ordinary shares       100% B Ord     0% B Ord    39 056 987          100% B Ord                0% B Ord
under the control of                             B ordinary shares
the directors                                                 

Ordinary Resolution                              355 474 879
Number 14 – Non-       60.32% Ord   39.68% Ord   Ordinary shares     67.36% Ord                0.05% Ord
binding advisory       100% B Ord   0% B Ord                         100% B Ord                0% B Ord
vote on Remuneration                             39 056 987
Policy                                           B ordinary shares

Ordinary Resolution
Number 15 – Non-                                 355 476 729
binding advisory       60.21% Ord   39.79% Ord   Ordinary shares     67.36% Ord                0.05% Ord
vote on Remuneration   100% B Ord   0% B Ord     39 056 987          100% B Ord                0% B Ord
Implementation                                   B ordinary shares              
Report                                                 
                                                
Special Resolution                               355 484 389
Number 1 - Approval    98.40% Ord   1.60% Ord    Ordinary shares     67.36% Ord                0.05% Ord
of directors’          100% B Ord   0% B Ord     39 056 987          100% B Ord                0% B Ord
remuneration                                     B ordinary shares           
                                                                                                
Special Resolution                               354 958 898
Number 2 - General     99.40% Ord   0.60% Ord    Ordinary shares     67.26% Ord                0.15% Ord
authority to           0% B Ord     0% B Ord     39 056 987          0% B Ord                  100% B Ord
repurchase shares                                B ordinary shares                
                                                
Special Resolution                               355 492 152
Number 3 - General     99.86% Ord   0.14% Ord    Ordinary shares     67.36% Ord                0.05% Ord
authority to provide   100% B Ord   0% B Ord     39 056 987          100% B Ord                0% B Ord 
financial assistance                             B ordinary shares                        
for the subscription
and/or purchase of                                                    
securities in the                                                
Company or in
related or inter-
related companies

Special Resolution
Number 4 - General                               355 494 300
authority to provide   98.43% Ord   1.57% Ord    Ordinary shares     67.36% Ord                0.05% Ord             
financial assistance   100% B Ord   0% B Ord     39 056 987          100% B Ord                0% B Ord        
to related and                                   B ordinary shares
inter-related                                                
companies and                                                
corporations

*Total issued share capital is 529 217 007 ordinary shares with total voteable shares, excluding Treasury
shares, being 527 747 601 ordinary shares and 39 056 987 B ordinary shares.

Shareholders are further advised that due to ordinary resolutions number 14 and 15 relating to the
non-binding advisory votes on the remuneration policy and the implementation of the remuneration
policy being voted against by more than 25% of Remgro ordinary shareholders present in person
or represented by proxy at the AGM, an invitation will be extended to such dissenting shareholders to
engage with the Company. The manner and timing of such engagement has not yet been finalised and
Remgro will issue a further announcement shortly including such details.

Stellenbosch
30 November 2017

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

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