VALUE GROUP LIMITED - Results of Annual General Meeting

Release Date: 03/08/2018 16:33
Code(s): VLE
 
Wrap Text
Results of Annual General Meeting

Value Group Limited
(Incorporated in the Republic of South Africa)
Registration number: 1997/002203/06
Share code: VLE
ISIN code: ZAE000016507
(“Value” or “the company’)


RESULTS OF ANNUAL GENERAL MEETING

Shareholders are advised that at the Annual General Meeting (“AGM”) of Value held on 3 August
2018, all resolutions as set out in the notice of the AGM were passed by the requisite majority of
members. In this regard, Value confirms the voting statistics from the AGM were as follows:

                                                                                  %             Number
  Total number of shares that could be voted at meeting                          100%          177 983 727
  Total number of shares present/represented including proxies at the meeting    79%           140 788 079
  as % of voteable shares
  Total number of members present in person                                                           8
  Issued shares                                                                  100%           187 238 110

                                                                                                                          % of
                                            Votes in                   Votes                 Shares        Absten-        shares
                                                         %                      %
                                             favour                   against                 voted         tions         that could
                                                                                                                          be voted
Ordinary Resolution Number 1:
Re-election of non-executive directors:
1.1. Mr. V.W. Mcobothi                     140 768 520   100     -                  0.00 140 768 520        19 559        0.01
1.2 Dr. N.M. Phosa                        140 768 520    100     -                  0.00 140 768 520        19 559        0.01

Ordinary Resolution Number 2:
Approval of re-election of audit and risk
committee members:
2.1 Mr. I.M. Groves (chairman)            140 768 520    100     -                  0.00 140 768 520        19 559        0.01
2.2 Mr. V.W. Mcobothi                      140 768 520   100     -                  0.00 140 768 520       19 559        0.01
2.3 Mr. C.D. Stein                         140 768 520   100     -                  0.00 140 768 520       19 559        0.01

Ordinary Resolution Number 3:
Approval of re-appointment of external
auditor                                    125 123 930   89.89   15 644 590         11.11 140 768 520      19 559        0.01

Ordinary Resolution Number 4:
4.1 Advisory endorsement of the
    remuneration policy and
    implementation report – approval
    of the remuneration policy by way
    of non-binding advisory vote           123 813 847   87.96   16 954 673         12.04 140 768 520      19 559        0.01
4.2 Advisory endorsement of the
    remuneration policy and
    implementation report – approval
    of the remuneration
    implementation report by way of a
    non-binding advisor vote               123 813 847   87.96   16 954 673         12.04 140 768 520      19 559        0.01

Ordinary Resolution Number 5:
Approval of general authority to
directors to allot and issue authorized
but unissued ordinary shares               125 947 902   89.47   14 816 728         10.53 140 764 630      23 449        0.01

Ordinary Resolution Number 6:
Approval of authority to allot and issue
shares for cash                            134 672 393   96.05   5 542 237          3.95 140 214 630       573 449       0.32

Ordinary Resolution Number 7:
Approval of signing authority              140 714 630   100     -                  0.00 140 714 630       73 449        0.04

Special Resolution Number 1:
Approval of general authority to acquire
(repurchase) Company shares                140 714 630   100     -                  0.00 140 714 630       73 449        0.04

Special Resolution Number 2:
Approval of the remuneration of the
non-executive directors                    138 047 771   98.12   2 637 945          1.88 140 685 716       102 363       0.06

Special Resolution Number 3:
Authority to provide financial assistance
to any company or corporation which is
related or inter-related to the Company     125 098 954   88.90   15 615 676   11.10 140 714 630             73 449     0.04




For and on behalf of the Board


Johannesburg
3 August 2018

Sponsor
Investec Bank Limited

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