TONGAAT HULETT LIMITED - Results of Annual General Meeting

Release Date: 08/08/2018 13:30
Code(s): TON
 
Wrap Text
Results of Annual General Meeting

Tongaat Hulett Limited
Registration number 1892/000610/06
Share code: TON
ISIN ZAE000096541

TONGAAT HULETT - RESULTS OF ANNUAL GENERAL MEETING

Shareholders are advised that the results of the Annual General Meeting (AGM) of shareholders
held on Wednesday, 8 August 2018, at the Corporate Office, Amanzimnyama, Tongaat, are
presented below.

 Total issued number of      Number of ordinary shares         Percentage of ordinary
 ordinary shares             represented at the meeting        shares represented at the meeting
                                                   
 135 112 506                         120 489 232                    89%


Abstentions are represented as a percentage of total issued number of ordinary shares.

Details of the results of the voting are as follows:

 Resolutions                            For               Against             Abstained

 Reappointment of Deloitte and          99 466 414        20 835 054          187 764
 Touche as auditors (with Mr G          82.68%            17.32%              0.14%
 Kruger as designated auditor)

 Re-election of TA Salomão as a         107 464 154       41 655              12 983 423
 director                               99.96%            0.04%               9.61%


 Re-election of CB Sibisi as a          104 723 756       2 773 651           12 991 825
 director                               97.42%            2.58%               9.62%

 Re-election of SG Pretorius as a       104 309 761       15 990 075          189 396
 director                               86.71%            13.29%              0.14%

 Election of Audit &Compliance
 Committee until the next AGM:
 Election of J John                     117 953 508       2 353 202           182 522
                                        98.04%            1.96%               0.14%

 Election of SM Beesley                 120 276 083       30 627              182 522
                                        99.97%            0.03%               0.14%

 Election of F Jakoet                   118 788 778       1 515 452           185 002
                                        98.74%            1.26%               0.14%

 Election of RP Kupara                  118 787 416       1 516 814           185 002
                                        98.74%            1.26%               0.14%

 Special Resolution Number 1            120 197 069       109 641             182 522
 Authorising the repurchase of          99.91%            0.09%               0.14%
 issued ordinary shares to a
 maximum of five percent in any
 year.

 Ordinary Resolution Number 1           120 019 716       127 919             341 597
 Authorising directors to give          99.89%            0.11%               0.25%
 effect to all resolutions.

 Ordinary Resolution Number 2           102 957 995       17 348 715          182 522
 Authorising the placing of             85.58%            14.42%              0.14%
 unissued share capital under the
 control of directors to a maximum
 of five percent of the issued share
 capital

 Ordinary Resolution Number 3          102 913 853        17 392 857         182 522
 Authorising directors to issue for    85.54%             14.46%             0.14%
 cash unissued shares in terms of
 Ordinary Resolution Number 2

 Special Resolution Number 2           113 205 947        7 093 354          189 931
 Authorising the remuneration          94.10%             5.90%              0.14%
 payable to directors for their
 service as directors of the
 company

 Non-binding advisory vote             44 000 404         64 268 237         12 220 591
 Endorsing the company’s               40.64%             59.36%             9.04%
 remuneration policy

 Non-binding advisory vote            71 605 383          48 621 270         262 579
 Endorsing the company’s              59.56%              40.44%             0.19%
 implementation report



The proposed ordinary resolution relating to the re-election of Mr MH Munro as a director, as
set out in the notice of the AGM, was withdrawn prior to the commencement of the AGM, in
line with the SENS issued by the company on 6 August 2018.


The two non-binding advisory votes on the company’s Remuneration Policy and
Implementation Report received less than 75% support from shareholders. Accordingly,
Tongaat Hulett is hereby requesting shareholders who voted against the non-binding advisory
votes or abstained from voting, to provide their details to the Company Secretary at
Maditshaba.Mahlari@tongaat.com before 30 August 2018, in order for the Board to arrange
engagement with the respective shareholders to ascertain the reasons for their votes.


Tongaat
8 August 2018

Sponsor
Investec Bank Limited

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