ZEDER INVESTMENTS LIMITED - Results of the Annual General Meeting of Zeder and Voluntary Update of Sum-of-the-Parts Value Per Share

Release Date: 22/06/2018 15:35
Code(s): ZED
 
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Results of the Annual General Meeting of Zeder and Voluntary Update of Sum-of-the-Parts Value Per Share

ZEDER INVESTMENTS LIMITED
(Incorporated in the Republic of South Africa)
Registration number: 2006/019240/06
Share code: ZED
ISIN code: ZAE000088431
(“the Company”)

RESULTS OF THE ANNUAL GENERAL MEETING OF ZEDER AND VOLUNTARY UPDATE OF
SUM-OF-THE-PARTS VALUE PER SHARE

Shareholders are hereby advised that at the annual general meeting of the Company held at 08:30
today, Friday, 22 June 2018 at Spier Wine Estate (“AGM”), all of the resolutions were passed by
the requisite majorities of the Company’s shareholders.

Details of the results of the voting at the AGM are as follows:

                                          Votes
                         Votes for        against
                         resolution       resolution                                          Number of
                         as a             as a                              Number of         shares
                         percentage       percentage                        shares            abstained
                         of total         of total                          voted as a        as a
Resolutions              number of        number of      Number of          percentage        percentage
proposed at the          shares           shares         shares voted at    of the votes      of the votes
AGM                      voted            voted          AGM                exercisable       exercisable

Ordinary resolution
number 1:
To re-elect Prof
ASM Karaan as
director                  94.23%          5.77%          1,260,321,798         73.70%          0.06%

Ordinary resolution
number 2:
To re-elect Mrs NS
Mjoli-Mncube as
director                  91.78%          8.22%          1,260,321,798         73.70%          0.06%

Ordinary resolution
number 3:
To re-elect Mr CA
Otto as director          88.45%          11.55%         1,184,095,414         69.24%          4.52%

Ordinary resolution
number 4:
To re-appoint Mr
GD Eksteen as a
member of the
audit and risk
committee                 99.31%          0.69%          1,187,603,803         69.44%          4.31%

Ordinary resolution
number 5:
To re-appoint Mrs
NS Mjoli-Mncube
as a member of the        93.78%          6.22%          1,260,321,798         73.70%          0.06%
audit and risk
committee

Ordinary resolution
number 6:
To re-appoint Mr
CA Otto as a
member of the
audit and risk
committee                 79.83%          20.17%         1,260,321,798         73.70%          0.06%

Ordinary resolution
number 7:
To re-appoint
PricewaterhouseCo
opers Inc as the
auditor                   84.92%          15.08%         1,260,308,798         73.69%          0.06%

Ordinary resolution
number 8:
Non-binding
endorsement of
Zeder’s
remuneration policy       92.99%          7.01%          1,260,197,044         73.69%          0.07%

Ordinary resolution
number 9:
Non-binding
endorsement of
Zeder’s
implementation
report                    93.45%          6.55%          1,187,647,299         69.45%          4.31%

Ordinary resolution
number 10:
Amendments to the
Zeder Group Share
Incentive Trust
Deed                      99.37%          0.63%          1,179,233,497         69.29%          4.34%

Ordinary resolution
number 11:
General authority to
issue ordinary
shares for cash           86.74%          13.26%         1,260,305,128         73.69%          0.06%

Special resolution
number 1:
Remuneration of
non-executive
directors                 94.21%          5.79%          1,260,205,148         73.69%          0.07%

Special resolution
number 2:
Inter-company
financial assistance      99.91%          0.09%          1,260,308,393         73.69%          0.06%

Special resolution
number 3:
Financial
assistance for the
subscription and/or       99.91%          0.09%          1,260,196,647         73.69%          0.07%
purchase of shares
in the company or a
related or inter-
related company

Special resolution
number 4:
Share repurchases
by the company
and its subsidiaries      98.84%          1.16%          1,260,320,897         73.70%          0.06%

The investor presentation made at the annual general meeting is available on Zeder’s website
(www.zeder.co.za).

VOLUNTARY UPDATE OF SUM-OF-THE-PARTS VALUE PER SHARE

Zeder, an investment holding company, continues to use the sum-of-the-parts (“SOTP”) value to
provide management and investors with a realistic and transparent way of valuing Zeder. Zeder’s
SOTP value per share is calculated using the quoted market prices for all JSE-listed investments
and market-related valuations for unlisted investments.

As previously communicated, in order to provide investors with an up to date indicative SOTP value,
Zeder’s website (www.zeder.co.za) contains an online tool whereby Zeder’s SOTP value is
calculated based on approximately 15-minute delayed JSE-listed share prices for its listed
investments, while all other information is updated when Zeder reports additional information to the
market.

Shareholders are advised that certain of the information pertaining to unlisted assets and liabilities
contained in Zeder’s online SOTP value calculation (www.zeder.co.za), has been updated so as to
reflect the SOTP value as at the close of business on 15 June 2018, being R7.10 per share.

The information provided above is for general information purposes only and does not constitute
an offer to sell any securities or constitute investment advice relating to securities or a
representation that the security is a suitable or appropriate investment for any person or warrants
any share price value in any form. Investors are advised to give independent consideration to and
conduct independent investigation with regards to this information and the value of Zeder shares,
and to obtain investment advice from their independent financial advisors.

The information contained in this announcement has not been reviewed or reported on by the
auditor of Zeder.

Stellenbosch
22 June 2018

Sponsor
PSG Capital

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