CARGO CARRIERS LIMITED - Results of the Annual General Meeting and Change of Designated Audit Partner

Release Date: 30/07/2018 14:23
Code(s): CRG
 
Wrap Text
Results of the Annual General Meeting and Change of Designated Audit Partner

CARGO CARRIERS LIMITED
(Registration Number 1959/003254/06)
 Share code: CRG
ISIN: ZAE000001764
("Cargo Carriers" or "the Company" or “the Group”)

RESULTS OF THE ANNUAL GENERAL MEETING AND CHANGE OF DESIGNATED AUDIT PARTNER


Shareholders are advised that the Annual General Meeting (“AGM”) of shareholders was held on Thursday, 26 July
2018 and the details of the results of voting at the AGM are as follows:

-       Total number of Cargo Carriers shares in issue at the date of the AGM:           21 052 632
-       Total number of Cargo Carriers shares that were present/represented at the AGM:  16 232 263, being 77% of
        the total number of ordinary shares that could have been voted on at the AGM.

                                                                                        Abstain    Total Votes
                                                            For        Against:    (% of issued     (excluding
    Resolution proposed                                      %               %    share capital)   abstentions)
    Ordinary resolution number 1 –
    Acceptance of financial statements               16 231 563              0              700     16 231 563
                                                          100%           0.00%           0.00%           100%
    Ordinary resolution number 2 –
    Director appointment – LS Letsoalo               16 231 563              0              700     16 231 563
                                                          100%           0.00%           0.00%           100%
    Ordinary resolution number 3 –
    Director appointment – V Raseroka                16 231 563              0              700     16 231 563
                                                          100%           0.00%           0.00%           100%
    Ordinary resolution number 4 –
    Director appointment – SP Mzimela                16 231 563              0              700     16 231 563
                                                          100%           0.00%           0.00%           100%
    Ordinary resolution number 5 –
    Re-appointment and remuneration of auditors      16 231 563              0              700     16 231 563
                                                          100%           0.00%           0.00%           100%
    Ordinary resolution number 6 –
    Appointment of audit and risk committee          16 231 563              0              700     16 231 563
    member – SF Nomvalo                                   100%           0.00%           0.00%           100%
    
    Ordinary resolution number 7 –
    Appointment of audit and risk committee          16 231 563              0              700     16 231 563
    member – V Raseroka                                   100%           0.00%           0.00%           100%
   
    Ordinary resolution number 8 –
    Appointment of audit and risk committee          16 231 563              0              700     16 231 563
    member – A Gcabashe                                   100%           0.00%           0.00%           100%
    
    Ordinary resolution number 9 –
    Appointment of audit and risk committee          16 231 563              0              700     16 231 563
    member – N Medupe                                     100%           0.00%           0.00%           100%
     
    Ordinary resolution number 10 –                  16 231 563              0              700     16 231 563
    Endorsement of remuneration policy                    100%           0.00%           0.00%           100%
    
    Ordinary resolution number 11 –
    Endorsement of remuneration implementation       16 231 563              0              700     16 231 563
    report                                                100%           0.00%           0.00%           100%
    
    Special resolution number 1 –                     3 216 797     13 014 766              700     16 231 563
    General authority to repurchase shares              19.82%         80.18%            0.00%           100%
 
    Special resolution number 2 –
    Approval of non-executive directors’            16 231 563               0              700     16 231 563
    remuneration                                         100%           0.00%            0.00%           100%
 
    Special resolution number 4 –                   16 231 563               0              700     16 231 563
    General authority to provide financial assistance    100%           0.00%            0.00%           100%

   Ordinary Resolution number 12 dealing with the general authority to issue shares for cash and Special Resolution
   number 3 dealing with the authority to issue shares, securities convertible into shares or rights that may exceed 30%
   of the voting power of the current issued share capital were withdrawn at the Annual General Meeting.

CHANGE IN DESIGNATED AUDIT PARTNER

Shareholders are advised that Ms Busisiwe Ziningi Khoza has been appointed as the designated audit partner for
the financial year ending 28 February 2019. Ms Khoza is replacing Mr David Ian Cathrall who is retiring from Ernst &
Young (“EY”). The change in the designated audit partner is effective immediately. EY remains as the Company’s
external auditor.

The Board, would like to thank Mr Cathrall for his contribution over the past years and wish him well in his
retirement.


Johannesburg
30 July 2018

Sponsor
Arbor Capital Sponsors Proprietary Limited

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