TELKOM SA SOC LIMITED - Results Of Annual General Meeting

Release Date: 23/08/2018 14:13
Code(s): TKG
 
Wrap Text
Results Of Annual General Meeting

Telkom SA SOC Limited
(Incorporated in the Republic of South Africa)
(Registration number 1991/005476/30)
JSE share code: TKG
ISIN: ZAE000044897
(“Telkom”)


RESULTS OF ANNUAL GENERAL MEETING


Shareholders are advised that the voting results for the Annual General
Meeting (“AGM”) of Telkom held at 10h00 on Thursday, 23 August 2018 at BCX,
Multi Purpose Room, 1021 Lenchen Avenue North, Centurion, 0157 were as
follows:

Resolution                   Number of     Number of    For        Against   Abstained
                             shares voted  voted        % of       % of      % of
                                           shares as    shares     shares    shares in
                                           a % of       voted**    voted**   issue*
                                           shares in    
                                           issue* 


Ordinary resolution 1.1      427 508 604       83.64      99.02       0.98           0
Election of Mr S Moloko
as a director

Ordinary resolution 1.2      427 547 922       83.65      98.93       1.07           0
Election of Ms D Mokgatle
as a director

Ordinary resolution 1.3      427 547 922       83.65      99.85       0.15           0
Election of Mr S Luthuli
as a director

Ordinary resolution 2.1      428 374 980       83.81      99.97       0.03           0
Re-election of Mr N
Kapila as a director

Ordinary resolution 2.2      428 374 980       83.81      99.82       0.18           0
Re-election of Mr R
Tomlinson as a director

Ordinary resolution 2.3      428 286 239       83.79      93.98       6.02        0.02
Re-election of Mr G
Dempster as a director

Ordinary resolution 3.1      428 366 519       83.81      99.76       0.24           0
Election of Ms K Mzondeki
as a member of the audit
committee

Ordinary resolution 3.2      428 374 980       83.81      99.85       0.15           0
Election of Mr L Von
Zeuner as a member of the
audit committee

Ordinary resolution 3.3      428 374 980       83.81      99.85       0.15           0
Election of Mr S Luthuli
as a member of the audit
committee

Ordinary resolution 3.4      428 286 181       83.79      95.12       4.88        0.02
Election of Mr G Dempster
as a member of the audit
committee

Ordinary resolution 3.5      428 246 863       83.78      99.85       0.15        0.02
Election of Mr R
Tomlinson as a member of
the audit committee

Ordinary resolution 4.1      411 767 245       80.56      98.54       1.46        3.25
Appointment of
PricewaterhouseCoopers as
joint external auditor,
represented by Mr S
Dikana as the individual
designated auditor

Ordinary resolution 4.2      411 767 787       80.56      98.58       1.42        3.25
Appointment of
SizweNtsalubaGobodo as
joint external auditor,
represented by Mr S
Lokhat as the individual
designated auditor

Ordinary resolution 5        428 374 980       83.81      98.50       1.50           0
General authority for
directors to allot and
issue and/or grant
options over ordinary
shares

Ordinary resolution 6.1      428 370 563       83.81      95.85       4.15           0
Approval of the
remuneration policy

Ordinary resolution 6.2      420 203 046       82.21      73.62      26.38        1.60
Approval of the
implementation report

Special resolution 1         427 975 919       83.73      98.40       1.60        0.08
General authority to
repurchase shares

Special resolution 2         428 210 501       83.78      98.56       1.44           0
General authority for
directors to issue shares
for cash

Special resolution 3         428 375 791       83.81      99.73       0.27           0
Remuneration of non-
executive directors

Special resolution 4         428 375 791       83.81      99.89       0.11           0
General authority to
provide financial
assistance

 *Based on 511 140 239 shares in issue.
 **In relation to the total number of shares voted at the AGM.

Based on the above results, all of the ordinary and special resolutions
were passed by the requisite majority of Telkom shareholders present in
person or represented by proxy at the AGM.

We take due regard of the voting on ordinary resolution 6.2 and will engage
the relevant shareholders in due course.


Centurion
23 August 2018

Sponsor
The Standard Bank of South Africa Limited

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