MASTER PLASTICS LIMITED - Results of Annual General Meeting

Release Date: 15/08/2018 13:55
Code(s): MAP
Wrap Text
Results of Annual General Meeting

Incorporated in the Republic of South Africa
(Registration number 2016/323930/06)
Share code: MAP ISIN: ZAE000242921
("Master Plastics" or "the Company")


Shareholders are advised that, at the annual general meeting of Master Plastics held today, all the
resolutions as set out in the notice of annual general meeting were passed by the requisite majority of

The number of shares voted in person or by proxy was 89 669 696, representing 76.29% of the total issued
share capital of the same class of Master Plastics shares.

There were no shareholders that abstained from voting.

The resolutions proposed at the meeting, together with the percentage of votes carried for and against each
resolution, are set out below:

                                                                      % of votes carried   % of votes against
Resolution                                                            for the resolution       the resolution

Ordinary resolution number 1.1: Re-election of Director retiring                 100.00                   -
by rotation – Paul Botha

Ordinary resolution number 1.2: Re-election of Director retiring                 100.00                   -
by rotation - Craig McDougall

Ordinary resolution number 2.1: Appointment of the members                        97.91                2.09
of the Audit Committee – Sibongile Masinga

Ordinary resolution number 2.2: Appointment of the members                       100.00                   -
of the Audit Committee - Günter Steffens

Ordinary resolution number 2.3: Appointment of the members                       100.00                   -
of the Audit Committee - Craig McDougall

Ordinary resolution number 3: Re-appointment of external                         100.00                   -

Ordinary resolution number 4: Signature of documents                             100.00                   -

Ordinary resolution number 5: Non-binding advisory
endorsement of the Company’s remuneration policy and                                  -                   -
implementation report

Ordinary resolution number 5.1: Endorsement of the                                98.18                1.82
Company’s remuneration policy

Ordinary resolution number 5.2: Endorsement of the                                99.55                0.45
Company’s implementation report

Special resolution number 1: General approval to acquire                          92.84                7.16
ordinary shares

Special resolution number 2: Approval of Non-Executive                           100.00                   -
Director fees

Special resolution number 3: Approval of general authority to                     99.55                0.45
provide financial assistance to related and inter-related parties

15 August 2018

Designated Adviser
Merchantec Capital

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