BELL EQUIPMENT LIMITED - Results of the Annual General Meeting

Release Date: 17/05/2018 09:15
Code(s): BEL
 
Wrap Text
Results of the Annual General Meeting

Bell Equipment Limited
(Incorporated in the Republic of South Africa)
(Registration No. 1968/013656/06)
Share code: BEL
ISIN:   ZAE000028304
(“Bell” or the “Company”)



RESULTS OF THE ANNUAL GENERAL MEETING

At the 50th Annual General Meeting ("AGM") of Bell shareholders held on 15 May 2018, the following
resolutions, as set out in the notice of annual general meeting incorporated in the Integrated Annual
Report and distributed to shareholders on 9 April 2018, were duly approved by the requisite majority of
votes. In this regard, Bell confirms the voting statistics from the AGM as follows:

Shares voted in relation to the total issued share capital:

 Number of shares     Total issued share         Percentage shares
       voted               capital                     voted

  83 700 533              95 329 385                   87.80%


                                          Votes carried                                         Shares
                                                                            Shares voted
                                         disclosed as a                                        abstained
                                                                           disclosed as a
                                          percentage in                                     disclosed as a
                                                                           percentage in
                                         relation to the                                     percentage in
                                                             Number of      relation to
Resolutions                              total number of                                    relation to the
                                                            shares voted     the total
                                         shares voted at                                     total issued
                                                                            issued share
                                           the meeting                                       share capital
                                                                              capital
                                        For      Against
1. Consideration of the annual          100%     0%          83 680 668        87,80%           0,02%
financial statements for the period
ended 31 December 2017

2.1. Re-election of Mr A Bell as        100%     0%          83 678 070       87,80%            0,02%
a non-executive director of the
Company

2.2 Re-election of Mr D Lawrance        100%     0%          83 680 668       87,80%            0,02%
as an independent non-executive
director of the Company


2.3 Re-election of Mr H van der       100%       0%            83 680 668        87,80%           0,02%
Merwe as an independent non-
executive director of the Company


3.1. To elect Mr D Lawrance as a      100%       0%            83 680 668         87,80%          0,02%
member of the Audit Committee

3.2. To elect Mr R Naidu as a         100%       0%            83 680 668         87,80%          0,02%
member of the Audit Committee

3.3. To elect Ms M Ramathe as a       100%       0%            83 680 668          87,80%          0,02%
member of the Audit Committee

3.4. To elect Mr J Barton as a        99,43%   0,57%           83 680 668          87,80%          0,02%
member of the Audit Committee
with effect from 1 June 2018

4. Appointment of Deloitte & Touche   99,80%   0,20%           83 680 668          87,80%         0,02%
as the auditors of the Company

5. Placement of the authorised but   92,48%    7,52%           83 680 578          87,80%         0,02%
unissued shares under the control of
the directors

6. Non-binding advisory vote on       94,42%   5,58%            83 672 213          87,80%        0,03%
the Company’s remuneration policy

7. Non-binding advisory vote   on    99,36%   0,64%             83 672 213          87,80%        0,03%
the Company’s remuneration
implementation report
Special Business

1. The granting of financial         100%     0%                83 680 568          87,80%       0,02%
assistance in terms of Section 45
of the Companies Act, No 71 of
2008, as amended

2.1 Non-executive directors’         100%     0%               83 363 095          87,80%       0,35%
remuneration from 1 January 2019:
annual retainer fee: non-executive
Chairman
  
2.2 Non-executive directors’         100%     0%                83 616 695          87,80%       0,09%
remuneration from 1 January 2019:
annual retainer fee: non-executive
directors

2.3 Non-executive directors’         100%     0%                 83 616 695          87,80%      0,09%
remuneration from 1 January 2019: 
annual retainer fee: lead
independent non-executive director

2.4 Non-executive directors’         100%     0%                83 363 095           87,80%       0,35%
remuneration from 1 January 2019:
fees paid per meeting to the
chairman of the board and chairmen
of the committees: Board

2.5 Non-executive directors’         100%     0%                 83 616 695           87,80%       0,09%
remuneration from 1 January 2019:
fees paid per meeting to the
chairman of the board and chairmen
of the committees: Audit Committee

2.6 Non-executive directors’         100%     0%                  83 616 695           87,80%      0,09%
remuneration from 1 January 2019:
fees paid per meeting to the
chairman of the board and chairmen
of the committees: Risk and
Sustainability Committee

2.7 Non-executive directors’         100%   0%                    83 616 695            87,80%     0,09%
remuneration from 1 January 2019:
fees paid per meeting to the
chairman of the board and chairmen
of the committees: Nominations
Committee

2.8 Non-Executive directors’         100%   0%                    83 616 695             87,80%    0,09%
remuneration from 1 January 2019:
fees paid per meeting to the
chairman of the board and chairmen
of the committees: Remuneration
Committee

2.9 Non-Executive directors’         100%   0%                    83 616 695            87,80%     0,09%
remuneration from 1 January 2019:
fees paid per meeting to the
chairman of the board and chairmen
of the committees: Social, Ethics
and Transformation Committee

2.10 Non-Executive directors’        100%   0%                    83 616 695            87,80%   0,09%
remuneration from 1 January 2019:
fees paid per board meeting to the
lead independent non-executive
director

2.11 Non-Executive directors’        100%   0%                    83 616 695            87,80%   0,09%
remuneration from 1 January 2019:
fees paid per meeting to non-
executive directors: Board

2.12 Non-Executive directors’         100%   0%                   83 616 695            87,80%   0,09%
remuneration from 1 January 2019:
fees paid per meeting to non-
executive directors: Audit
Committee

2.13 Non-Executive directors’         100%   0%                  83 616 695             87,80%   0,09%
remuneration from 1 January 2019:
fees paid per meeting to non-
executive directors: Risk and
Sustainability Committee

2.14 Non-Executive directors’         100%   0%                 83 616 695               87,80%   0,09%
remuneration from 1 January 2019:
fees paid per meeting to non-
executive directors: Nominations
Committee
 
2.15 Non-Executive directors’         100%   0%               83 616 695                87,80%    0,09%
remuneration from 1 January 2019:
fees paid per meeting to non-
executive directors: Remuneration
Committee

2.16 Non-Executive directors’         100%   0%               83 616 695                87,80%    0,09%
remuneration from 1 January 2019:
fees paid per meeting to non-
executive directors: Social, Ethics
and Transformation Committee

2.17 Non-Executive directors’         100%   0%               83 616 695                87,80%    0,09%
remuneration from 1 January 2019:
fees paid per meeting to non-
executive directors: Bell Audit
Services Committee

3. Basis of remuneration payable to   100%   0%               83 616 695                87,80%    0,09%
the lead independent non-executive
director J Barton for the period 1
June 2018 to 31 December 2018

4. Basis of remuneration payable to 99,42%    0,58%            83 616 695               87,80%    0,09%
ex-non-executive director T. Tsukudu
for past services as a director of
the Company

5. General authority to repurchase   99,42%   0,58%            83 680 568                87,80%    0,02%
shares




Richards Bay
17 May 2018

Sponsor
INVESTEC BANK LIMITED

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