KAYDAV GROUP LIMITED - Results of Annual General Meeting

Release Date: 18/05/2018 09:05
Code(s): KDV
 
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Results of Annual General Meeting

KAYDAV GROUP LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2006/038698/06)
JSE share code: KDV ISIN:ZAE000108940
(“KayDav” or “the company”)

RESULTS OF ANNUAL GENERAL MEETING

Shareholders are advised that at the annual general meeting of shareholders held on Thursday, 17 May 2018 (in terms of
the notice dispatched on 29 March 2018), the resolutions tabled thereat, other than special resolutions 1, 2.1 and 2.2 
were passed by the requisite majority of KayDav shareholders, while ordinary resolutions 6.1 and 6.2 were voted against 
by more than 25% of the voting rights exercised in respect of those resolutions.

Details of the results of voting at the annual general meeting were as follows:

-    total number of KayDav shares in issue as at the date of the annual general meeting: 172 751 585;
-    total number of KayDav shares that were present/represented at the annual general meeting: 164 553 471 being
     95.25% of the total number of KayDav shares that could have been voted at the annual general meeting.

Ordinary resolution 1: Adoption of annual financial statements

Shares voted*              For                               Against                    Abstentions^
86 777 297                 86 777 297, being 100%            -                          77 776 174, being 45.02%


Ordinary resolution 2: Re-election of Frank Davidson as director

Shares voted*              For                               Against                    Abstentions^
86 777 297                 86 777 297, being 100%            -                          77 776 174, being 45.02%


Ordinary resolution 3: Re-election of Boitumelo Tlhabanelo as director

Shares voted*              For                               Against                    Abstentions^
86 777 297                 86 777 297, being 100%            -                          77 776 174, being 45.02%


Ordinary resolution 4: Appointment of auditors

Shares voted*              For                               Against                    Abstentions^
86 777 297                 86 777 297, being 100%            -                          77 776 174, being 45.02%


Ordinary resolution 5.1: Appointment of Audit and Risk Committee members - Boitumelo Tlhabanelo

Shares voted*              For                               Against                    Abstentions^
86 777 297                 86 777 297, being 100%            -                          77 776 174, being 45.02%


Ordinary resolution 5.2: Appointment of Audit and Risk Committee members - Ian Stern

Shares voted*              For                               Against                    Abstentions^
86 777 297                 86 777 297, being 100%            -                          77 776 174, being 45.02%


Ordinary resolution 5.3: Appointment of Audit and Risk Committee members - Shane van Niekerk

Shares voted*              For                               Against                    Abstentions^
86 777 297                 86 777 297, being 100%            -                          77 776 174, being 45.02%


Ordinary resolution 5.4: Appointment of Audit and Risk Committee members - Frank Davidson

Shares voted*              For                               Against                    Abstentions^
86 777 297                 86 777 297, being 100%            -                          77 776 174, being 45.02%


Ordinary resolution 6.1: Non-binding advisory vote on remuneration - Remuneration policy

Shares voted*              For                               Against                    Abstentions^
164 553 471                86 777 297, being 52.74%          77 776 174, being 47.26%   -


Ordinary resolution 6.2: Non-binding advisory vote on remuneration - Remuneration implementation report

Shares voted*              For                               Against                    Abstentions^
164 553 471                86 777 297, being 52.74%          77 776 174, being 47.26%   -


Ordinary resolution 7: Signature of documents

Shares voted*              For                               Against                    Abstentions^
86 777 297                 86 777 297, being 100%            -                          77 776 174, being 45.02%


Special resolution 1: Financial assistance to related or interrelated companies

Shares voted*              For                               Against                    Abstentions^
164 553 471                86 777 297, being 52.74%          77 776 174, being 47.26%   -


Special resolution 2.1: Approval of directors’ remuneration for their services as directors - Fees for the 2018 financial year

Shares voted*              For                               Against                    Abstentions^
164 553 471                86 777 297, being 52.74%          77 776 174, being 47.26%   -


Special resolution 2.2: Approval of directors’ remuneration for their services as directors - Annual increase not exceeding %

Shares voted*              For                               Against                    Abstentions^
164 553 471                  86 777 297, being 52.74%        77 776 174, being 47.26%   -

*excluding abstentions
^ in relation to total shares in issue

Shareholders are advised that due to the non-binding advisory votes on the remuneration policy and the remuneration
implementation report being voted against by more than 25% of the voting rights exercised in respect of these resolutions,
KayDav extends an invitation to dissenting shareholders to engage with the company in order to address their concerns.
Shareholders are requested to address their concerns to the Chairman of the Remuneration Committee, by submitting an
email to KayDav’s company secretary at gillian.prestwich@computershare.co.za by 31 May 2018. The Chairman of the
Remuneration Committee will in turn contact dissenting shareholders to engage further with them on their concerns.

18 May 2018

Sponsor
Java Capital

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