SANLAM LIMITED - Results of 20th Annual General Meeting

Release Date: 08/06/2018 11:00
Code(s): SLM
 
Wrap Text
Results of 20th Annual General Meeting

Sanlam Limited
(Incorporated in the Republic of South Africa)
Registration number 1959/001562/06
JSE share code: SLM
NSX share code: SLA
ISIN: ZAE000070660
(“Sanlam” or the “Company”)

RESULTS OF 20th ANNUAL GENERAL MEETING

Shareholders are advised that the special and ordinary resolutions proposed in the notice to shareholders dated
March 2018, were passed by the requisite majority of votes of shareholders present in person or represented by
proxy at the twentieth annual general meeting held on Wednesday, 6 June 2018 at 14:00 (“Annual General
Meeting”).

The total number of shares present/represented, including proxies, at the Annual General Meeting was
1 442 981 841 representing 69.22% of Sanlam’s voteable shares of 2 084 593 089 and 64.65% of Sanlam’s
issued share capital of 2 231 989 047 shares as at Friday, 25 May 2018, being the Voting Record Date.

The voting results were as follows:

                                                                                                   SHARES
                                                         TOTAL SHARES VOTED
                                                                                                  ABSTAINED
                                               FOR       AGAINST
                                                                         NUMBER            %*          %*
 RESOLUTION                                    (%)         (%)

 Ordinary Resolution No. 1                      100           0        1 436 826 221     64.37        0.21
 Presenting the Sanlam Annual Reporting
 Ordinary Resolution No. 2
                                               74.69        25.31      1 440 788 771     64.55        0.02
 Re-appointment of auditors
 Ordinary Resolution No. 3
 Appointment of director
 3.1     M Mokoka                              99.98        0.02       1 440 781 550     64.55        0.02
 Ordinary Resolution No. 4
 Re-election of directors
 4.1     AD Botha                              95.57        4.43       1 440 787 613     64.55        0.02
 4.2     RV Simelane                           86.98        13.02      1 440 781 893     64.55        0.02
 4.3     J van Zyl                             93.75        6.25       1 440 774 874     64.55        0.02
 Ordinary Resolution No. 5
 Re-election of executive directors
 5.1     T Mvusi                               94.72        5.28       1 440 772 556     64.55        0.02
 Ordinary Resolution No. 6
 Election of the members of the Sanlam
 Audit, Actuarial and Finance committee
 (Audit committee)
 6.1     AD Botha                              95.81        4.19       1 440 774 874     64.55        0.02
 6.2     PB Hanratty                           99.55        0.45       1 440 786 384     64.55        0.02
 6.3     M Mokoka                              99.92        0.08                                      0.02
                                                                       1 440 785 999     64.55
 6.4    KT Nondumo                             99.53        0.47       1 440 785 696     64.55        0.02
 Ordinary Resolution No. 7
 Advisory vote on the Company’s
 Remuneration Policy and the
 Remuneration Implementation Report
 7.1      Non-binding advisory on the        94.67       5.33      1 439 527 009       64.50       0.85
          Company’s Remuneration Policy
  7.2     Non-binding advisory on the        71.52      28.48      1 418 376 569       63.55       1.10
          Company’s Remuneration
          Implementation Report
  Ordinary Resolution No. 8
  To note the total amount of non-executive
  directors and executive directors’         97.70       2.30      1 192 964 363       53.45       0.15
  remuneration for the financial year ended
  31 December 2017
  Ordinary Resolution No. 9
  To place unissued ordinary shares under    96.11       3.89      1 435 878 737       64.33       0.26
  the control of the directors
  Ordinary Resolution No. 10
                                             95.82       4.18      1 440 755 605       64.55       0.02
  General authority to issue shares for cash
 Ordinary Resolution No. 11
 To authorise any director of the Company,
 and where applicable the secretary of the
                                              100        0.00      1 440 785 741       64.55       0.02
 Company (Company Secretary), to
 implement the aforesaid ordinary and
 under-mentioned special resolutions
 Special Resolution No. 1
 Approval of non-executive directors’
                                             99.13       0.87      1 440 778 315       64.55       0.02
 remuneration for their services as
 directors
 Special Resolution No. 2
 Amendment of the Company’s                  99.96       0.04      1 440 788 746       64.55       0.02
 Memorandum of Incorporation
 Special Resolution No. 3
 Authority to the Company or a subsidiary
                                             99.06       0.94      1 439 320 971       64.49       0.09
 of the Company to acquire the Company’s
 securities
*Expressed as a percentage of 2 231 989 047 Sanlam ordinary shares in issue as at the Voting Record Date.

Shareholders are further advised that due to ordinary resolution number 7.2 relating to the non-binding advisory
vote on the Company’s remuneration implementation report being voted against by more than 25% of
shareholders present in person or represented by proxy at its Annual General Meeting held on Wednesday,
6 June 2018, an invitation is extended to such dissenting shareholders to engage with the Company as follows:

1) All dissenting shareholders to furnish their concerns/questions on the remuneration implementation report to
   the Group Company Secretary by no later than close of business on Wednesday, 13 June 2018.
2) The Group Company Secretary will respond to the dissenting shareholders’ concerns/questions by no later
   than Wednesday, 20 June 2018.



Group Company Secretary
Sana-Ullah Bray
sana-ullah.bray@sanlam.co.za

Bellville
8 June 2018

Sponsor
Deutsche Securities (SA) Proprietary Limited

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