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BARCLAYS AFRICA GROUP LIMITED - Results of 2018 AGM

Release Date: 15/05/2018 16:53
Code(s): BGA     PDF:  
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Results of 2018 AGM

BARCLAYS AFRICA GROUP LIMITED
Incorporated in the Republic of South Africa
Registration number: 1986/003934/06
ISIN: ZAE000174124
JSE share code: BGA
(“the Company”)

RESULTS OF THE 2018 ANNUAL GENERAL MEETING (AGM)

In accordance with paragraph 3.91 of the JSE Limited Listings
Requirements (“the Listings Requirements”), shareholders are advised
that at the AGM of the Company held on Tuesday, 15 May 2018, the
resolutions set out in the notice of AGM sent to shareholders
together with the integrated report for the year ended 31 December
2017, were passed by the requisite majority of votes.     A total of
647 143 161 shares were present or represented at the meeting,
representing no less than 76% of the Company’s total issued ordinary
share capital.

Ordinary         Total shares   Shares         Shares        Shares
resolutions      voted (for or voted for:      voted         abstained:
                 against):                     against:
1. Re-appointment of the Company’s auditors
1.1 Ernst &      643 146 686    584 822 479    58 324 207    3 996 475
Young Inc.       % of total     % of shares    % of shares   % of total
                 issued shares voted           voted         issued
                                                             shares
                75.87%          90.93%         9.07%         0.47%

2. Re-election of retiring directors
2.1 Colin Beggs 643 098 054     636 610 440    6 487 614     4 045 107
                 % of total     % of shares    % of shares   % of total
                 issued shares voted           voted         issued
                                                             shares
                75.86%          98.99%         1.01%         0.47%

2.2 Yolanda     644 008 064     605 699 029    38 309 035    3 135 097
Cuba            % of total      % of shares    % of shares   % of total
                issued shares   voted          voted         issued
                                                             shares
                75.97%          94.05%         5.95%         0.37%

2.3 Mohamed     644 008 064     611 427 252    32 580 812    3 135 097
Husain          % of total      % of shares    % of shares   % of total
                issued shares   voted          voted         issued
                                                             shares
                75.97%          94.94%         5.06%         0.37%
2.4 Wendy         644 130 737     611 028 577   33 102 160    3 012 424
Lucas-Bull        % of total      % of shares   % of shares   % of total
                  issued shares   voted         voted         issued
                                                              shares
                  75.98%          94.86%        5.14%         0.36%

2.5 Mark Merson   644 298 791     637 952 800   6 345 991     2 844 370
                  % of total      % of shares   % of shares   % of total
                  issued shares   voted         voted         issued
                                                              shares
                  76.00%          99.02%        0.98%         0.34%

2.6 Maria Ramos   644 010 959     633 382 600   10 628 359    3 132 202
                  % of total      % of shares   % of shares   % of total
                  issued shares   voted         voted         issued
                                                              shares
                  75.97%          98.35%        1.65%         0.37%

3. Election of new directors appointed after the last AGM
3.1 Daniel       644 300 663    643 791 215 509 448       2 842 498
Hodge            % of total     % of shares % of shares % of total
                 issued shares voted        voted         issued
                                                          shares
                 76.00%         99.92%      0.08%         0.34%

3.2 Monwabisi     644 303 420     641 950 608   2 352 812     2 839 741
Fandeso           % of total      % of shares   % of shares   % of total
                  issued shares   voted         voted         issued
                                                              shares
                  76.00%          99.63%        0.37%         0.33%

3.3 Tasneem       644 303 420     641 278 544   3 024 876     2 839 741
Abdool-Samad
                  % of total      % of shares   % of shares   % of total
                  issued shares   voted         voted         issued
                                                              shares
                  76.00%          99.53%        0.47%         0.33%

4. Re-appointment of the Group Audit and Compliance Committee
members
4.1 Alex Darko  644 301 678   637 953 690 6 347 988   2 841 483
                % of total    % of shares % of shares % of total
                issued shares voted       voted       issued
                                                      shares
                76.00%        99.01%      0.99%       0.34%

4.2 Colin Beggs   644 278 266     637 834 857   6 443 409     2 864 895
                  % of total    % of shares   % of shares   % of total
                  shares        voted         voted         issued
                                                            shares
                  76.00%        99.00%        1.00%         0.34%

4.3 Mohamed       644 303 315   630 189 518   14 113 797    2 839 846
Husain            % of total    % of shares   % of shares   % of total
                  shares        voted         voted         issued
                                                            shares
                  76.00%        97.81%        2.19%         0.33%

4.4 Dhanasagree   644 291 984   637 941 823   6 350 161     2 851 177
(Daisy) Naidoo    % of total    % of shares   % of shares   % of total
                  shares        voted         voted         issued
                                                            shares
                  76.00%        99.01%        0.99%         0.34%

4.5 Paul          644 306 420   637 950 478   6 355 942     2 836 741
O’Flaherty        % of total    % of shares   % of shares   % of total
                  shares        voted         voted         issued
                                                            shares
                  76.00%        99.01%        0.99%         0.33%

4.6 René van      644 302 728   637 955 740   6 346 988     2 840 433
Wyk               % of total    % of shares   % of shares   % of total
                  shares        voted         voted         issued
                                                            shares
                  76.00%        99.01%        0.99%         0.34%

4.7 Tasneem       644 302 728   637 513 037   6 789 691     2 840 433
Abdool-Samad      % of total    % of shares   % of shares   % of total
                  shares        voted         voted         issued
                                                            shares
                  76.00%        98.95%        1.05%         0.34%

5. Placing of     644 222 575   599 757 779   44 464 796    2 920 586
the authorised    % of total    % of shares   % of shares   % of total
but unissued      shares        voted         voted         issued
ordinary share                                              shares
capital under     75.99%        93.10%        6.90%         0.34%
the control of
the directors

6. Approval of    640 961 662   584 381 838   56 579 824    6 181 099
the maximum       % of total    % of shares   % of shares   % of total
numbers of        shares        voted         voted         issued
shares                                                      shares
allocated under   75.61%          91.17%        8.83%         0.73%
Barclays Africa
Group long-term
incentive plans


Non-binding       Total shares    Shares        Shares        Shares
advisory votes    voted (for or   voted for:    voted         abstained:
                  against):                     against:
1. The            640 996 141     490 225 973   150 770 168   6 147 020
Company’s         % of total      % of shares   % of shares   % of total
remuneration      issued shares   voted         voted         issued
policy                                                        shares
                  75.61%          76.48%        23.52%        0.73%

2. The            640 920 469     337 394 611 303 525 858     6 222 692
Company’s         % of total      % of shares % of shares     % of total
remuneration      issued shares   voted       voted           issued
report                                                        shares
                  75.60%          52.64%        47.36%        0.73%


Special           Total shares    Shares        Shares        Shares
resolutions       voted (for or   voted for:    voted         abstained:
                  against):                     against:
1. Amendment of   644 075 633     643 896 781   178 852       3 067 528
the Company’s     % of total      % of shares   % of shares   % of total
MOI               issued shares   voted         voted         issued
                                                              shares
                  75.97%          99.97%        0.03%         0.36%

2. Approval of    646 670 469     646 669 767 702             472 692
name change       % of total      % of shares % of shares     % of total
                  issued shares   voted       voted           issued
                                                              shares
                  76.28%          99.999%       0.001%        0.06%

3. Remuneration   644 297 415     606 325 544 37 971 871      2 845 746
of non-           % of total      % of shares % of shares     % of total
executive         issued shares   voted       voted           issued
directors                                                     shares
                  76.00%          94.11%        5.89%         0.34%

4. General        644 290 503     643 031 416 1 259 087       2 852 658
authority to      % of total      % of shares % of shares     % of total
repurchase the    issued shares   voted       voted           issued
Company’s                                                     shares
securities        76.00%          99.80%      0.20%         0.34%

5. Financial      644 297 797     629 501 773 14 796 024    2 845 364
assistance to a   % of total      % of shares % of shares   % of total
related or        issued shares   voted       voted         issued
inter–related                                               shares
company           76.00%          97.70%      2.30%         0.34%

The special resolutions will be lodged with the Companies and
Intellectual Property Commission (CIPC) in due course and, where
appropriate, the Registrar of Banks.

As a result of the number of votes exercised against the non-binding
advisory vote number 1, and there being more than 25% of the votes
exercised against the non-binding advisory vote number 2, in terms
of the recommendations of the King IV Report on Corporate Governance
for South Africa, 2016 and paragraph 3.84(k) of the Listings
Requirements, shareholders will be invited to raise their concerns
or recommendations on the remuneration policy and the remuneration
implementation report. Further details will be announced on SENS in
due course.


Johannesburg
15 May 2018


Enquiries:
Nadine Drutman – Group Company Secretary
Tel: (+2711) 350 5347
Email: Nadine.Drutman@absa.co.za

Lead Independent Sponsor:
J.P. Morgan Equities South Africa Proprietary Limited

Joint Sponsor:
Absa Bank Limited - Corporate and Investment Bank

Date: 15/05/2018 04:53:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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