REUNERT LIMITED - Feedback On Formal Shareholder Engagement Process: Remuneration

Release Date: 02/03/2018 10:00
Code(s): RLO
 
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Feedback On Formal Shareholder Engagement Process: Remuneration

Reunert Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1913/004355/06)
JSE code: RLO
ISIN: ZAE000057428
(“Reunert” or the “Company”)

FEEDBACK ON FORMAL SHAREHOLDER ENGAGEMENT PROCESS: REMUNERATION

Shareholders are referred to the Company’s results of annual general meeting announcement
released on SENS on 13 February 2018.

As a result of more than 25% of the votes having been exercised against the non-binding
advisory resolutions numbered 10 and 11, relating to Reunert’s remuneration policy and the
implementation thereof, respectively (“Resolutions”), the Company invited shareholders to
formally engage on these Resolutions via a telephone conference scheduled for
1 March 2018 at 16h00.

Two shareholders who had supported the Resolutions advised that they wanted to join the
telephone conference to establish why dissenting shareholders had voted against the
Resolutions. However, no dissenting shareholders responded to Reunert’s invitation to share
their reasons for voting against the Resolutions and the scheduled telephone conference was
therefore cancelled.

Going forward, Reunert will, in accordance with its established practice, continue to engage
with key shareholders regarding its remuneration policy. Reunert also extends a standing
invitation to all shareholders to forward written representations or recommendations in respect
of the remuneration policy and/or the implementation report to Carina de Klerk, at
carina@reunert.co.za.

Johannesburg
2 March 2018

Sponsor
One Capital

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