KAP INDUSTRIAL HOLDINGS LIMITED - Results of the Special Resolution Passed by Shareholders of the Company in terms of Section 60 of the Companies Act,

Release Date: 16/07/2018 10:45
Code(s): KAP
 
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Results of the Special Resolution Passed by Shareholders of the Company in terms of Section 60 of the Companies Act,

KAP INDUSTRIAL HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1978/000181/06)
Share code: KAP
ISIN: ZAE000171963
(“KAP” or “the Company”)

RESULTS OF THE SPECIAL RESOLUTION PASSED BY SHAREHOLDERS OF THE
COMPANY IN TERMS OF SECTION 60 OF THE COMPANIES ACT, NO. 71 OF 2008

Shareholders are referred to the announcement released on SENS on 8 June 2018 regarding
the distribution of a circular to shareholders through which a special resolution was submitted
for their consideration by written consent, in terms of section 60 of the Companies Act, No. 71
of 2008 (“Companies Act”), proposing that shareholders authorise the board of directors of
the Company to provide direct or indirect financial assistance to related and inter-related
entities and persons in the form of loans and the subscription of preference shares to be issued
by related and inter-related entities, as contemplated in section 44 and section 45 of the
Companies Act, for the purpose of facilitating the sale of 45% of Unitrans Supply Chain
Solutions Proprietary Limited in a B-BBEE transaction.

Shareholders are advised that the special resolution was approved and adopted by the
Company in terms of section 60(2) of the Companies Act.

Altogether 2 302 285 092 shares were voted, representing 85.97% of the total number of
voting rights that were entitled to be exercised in relation to the matter.
The results are summarised below:

                                                     (as a percentage of shares voted)

Special resolution number 1:                       % of votes    % of votes    % of votes
Specific authority for Directors to provide        in favour     of against    the abstained
financial assistance as contemplated in            the           resolution
section 44 and section 45 of the                   resolution
Companies Act                                        
                                                    91.96%*         8.02%          0.02%

*Excluding abstentions, the percentage of votes in favour of the resolution increases to
91.98% of shares voted.

The Company will, by no later than Friday, 27 July 2018, distribute a statement of these results
to shareholders recorded in the Company’s register as at Friday, 6 July 2018, being the record
date, in accordance with section 60(4) of the Companies Act.

Stellenbosch
16 July 2018

Sponsor and Corporate Adviser

PSG Capital

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