INVICTA HOLDINGS LIMITED - Results Of Annual General Meeting

Release Date: 06/09/2018 15:04
Code(s): IVT IVTP
 
Wrap Text
Results Of Annual General Meeting

   Invicta Holdings Limited
   (Incorporated in the Republic of South Africa)
   (Registration number 1966/002182/06)
   Ordinary Share code: IVT ISIN code: ZAE000029773
   Preference Share code: IVTP ISIN: ZAE000173399

   RESULTS OF ANNUAL GENERAL MEETING
   The annual general meeting of Invicta shareholders was held on Thursday, 6 September 2018.

   All of the ordinary and special resolutions as set out in the notice of annual general meeting to shareholders dated 29 June 2018 and as further
   detailed below, were approved by the requisite majority of shareholders, with the exception of Ordinary Resolution 11: Authority of directors to issue
   shares for cash.

   The voting results with respect to the proposed resolutions as required in terms of section 3.91 of the JSE Listings Requirements, are as follows:

   Total number of shares entitled to vote is 106 952 915 (issued share capital excluding treasury shares).
   Total number of shares that were present/represented at the annual general meeting: 87 805 139, being 82% of total number of Invicta shares that
   could have been voted at the annual general meeting.

                                       Number of        % of                    For                        Against             Abstained, in relation to
                                      shares voted      total                                                                    total shares in issue
       Resolution proposed                             shares
                                                       voted

                                                                       Shares            %           Shares           %           Shares             %

Ordinary Resolution 1: Confirmation   87 738 467       82.03%        87 408 000       99.62%        330 467          0.38%        66 672           0.06%
of appointment of Mr Gavin Pelser
Ordinary Resolution 2: Confirmation   87 804 003       82.10%        87 473 536       99.62%        330 467          0.38%         1 136           0.00%
of appointment of Ms Nazlee
Rajmohamed
Ordinary Resolution 3: Re-election    87 804 003       82.10%        80 293 897       91.45%       7 510 106         8.55%         1 136           0.00%
of Mr Byron Nichles
Ordinary Resolution 4: Re-election    87 804 003       82.10%        87 804 003        100%            0             0.00%         1 136           0.00%
of Ms Ramani Naidoo
Ordinary Resolution 5: Re-election      87 804 003   82.10%   87 440 414   99.59%    363 589     0.41%     1 136      0.00%
of Mr Rashid Wally
Ordinary Resolution 6: Election of      87 557 294   81.87%   71 512 274   81.67%   16 045 020   18.33%   247 845     0.23%
Mr David Samuels to the Audit
Committee
Ordinary Resolution 7: Election of      87 804 003   82.10%   87 804 003   100%         0        0.00%     1 136      0.00%
Ms Ramani Naidoo to the Audit
Committee
Ordinary Resolution 8: Election of      87 804 003   82.10%   87 804 003   100%         0        0.00%     1 136      0.00%
Mr Rashid Wally to the Audit
Committee
Ordinary Resolution 9: Re-              87 804 003   82.10%   83 422 416   95.01%   4 381 587    4.99%     1 136      0.00%
appointment of Deloitte & Touche
as auditors
Ordinary Resolution 10: Placing         87 804 003   82.10%   64 705 701   73.69%   23 098 302   26.31%    1 136      0.00%
shares under the control of directors
Ordinary Resolution 11: Authority of    87 804 003   82.10%   64 301 404   73.23%   23 502 599   26.77%    1 136      0.00%
directors to issue shares for cash
Ordinary Resolution 12:                 86 205 914   80.60%   65 749 602   76.27%   20 456 312   23.73%   1 599 225   1.47%
Endorsement of Remuneration
Policy
Ordinary Resolution 13:                 87 557 294   81.87%   68 828 265   78.61%   18 729 029   21.39%   247 845     0.23%
Endorsement of Remuneration
Implementation Report
Special Resolution 1.1: Approval of     87 783 204   82.08%   87 528 341   99.71%    254 863     0.29%     21 935     0.02%
remuneration of Board Chairman –
R787 857 per annum
Special Resolution 1.2: Approval of     87 783 204   82.08%   87 783 204   100%         0        0.00%     21 935     0.02%
remuneration of Audit Committee
Chairman – R78 786 per annum
Special Resolution 1.3: Approval of     87 783 204   82.08%   87 783 204   100%         0        0.00%     21 935     0.02%
remuneration of board members –
R36 267 per annum
Special Resolution 1.4: Approval of     87 783 204   82.08%   87 783 204   100%         0        0.00%     21 935     0.02%
remuneration of Audit Committee
members – R32 514 per meeting
Special Resolution 1.5: Approval of     87 783 204    82.08%   87 783 204   100%         0        0.00%    21 935   0.02%
remuneration of Remuneration
Committee members – R30 014 per
annum
Special Resolution 1.6: Approval of     87 783 204    82.08%   87 783 204   100%         0        0.00%    21 935   0.02%
remuneration of Social & Ethics
Committee members – R30 014 per
annum
Special Resolution 1.7: Approval of     87 783 204    82.08%   87 783 204   100%         0        0.00%    21 935   0.02%
remuneration of the Invicta South
Africa Holdings (Pty) Ltd board
members – R17 508 per meeting
Special Resolution 2: General           87 804 003    82.10%   87 207 513   99.32%    596 490     0.68%    1 136    0.00%
authority to repurchase ordinary
shares
Special Resolution 3: General           87 804 003    82.10%   74 286 363   84.60%   13 517 640   15.40%   1 136    0.00%
authority to repurchase preference
shares
Special Resolution 4: Approval for      87 804 003    82.10%   87 674 543   99.85%    129 460     0.15%    1 136    0.00%
the provision of financial assistance
for the subscription of shares
Special Resolution 5: Approval for      87 804 003    82.10%   74 288 579   84.61%   13 515 424   15.39%   1 136    0.00%
the provision of financial assistance
to a related or inter-related
company



    Lize Dubery
    Company Secretary

    Cape Town
    6 September 2018

    Sponsor: Deloitte & Touche Sponsor Services (Pty) Ltd

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