Modification to Notice of Annual General Meeting
Incorporated in the Republic of South Africa
(Registration number: 2015/363903/06)
Share code: HUL
(“Hulisani” or “the Company”)
MODIFICATION TO NOTICE OF ANNUAL GENERAL MEETING
Shareholders are referred to the notice of the Annual General Meeting (“AGM”) as contained
in the Integrated Annual Report that was distributed to shareholders on 31 July 2018,
providing notice to shareholders of Hulisani’s AGM to be held at 14:00 on Monday, 17
September 2018 (“Notice of AGM”).
Shareholders are hereby advised of the following modifications to the Notice of AGM and
Form of Proxy:
Special Resolution Number 1: Remuneration of Non- Executive Directors
Special Resolution Number 1 has been amended to include that remuneration payable to the
Non-Executive Directors and Committee Members for participating in special and/or
unscheduled Board or Committee Meetings or ad hoc strategic planning sessions will be
remunerated in accordance with the attendance fee per meeting as set out below, which was
omitted from the Notice of AGM.
Accordingly, the annual remuneration payable to the Non-Executive Directors of the
Company to be approved by shareholders in terms of Special Resolution Number 1 is as
Detailed Fee: Total as per
No. of Attendance Base fee
meetings fee per per annum
Chairperson - Board of Directors 5 41,340 111,300 318,000
Directors - Board of Directors 5 26,564 71,519 204,340
Chairperson - Investment Committee 6 21,667 70,000 200,000
Member - Investment Committee 6 18,958 61,250 175,000
Chairperson - Audit & Risk Committee 6 21,667 70,000 200,000
Member - Audit & Risk Committee 6 18,958 61,250 175,000
Chairperson - Remuneration & Nomination 3 21,667 35,000 100,000
Member - Remuneration & Nomination 3 16,250 26,250 75,000
Chairperson - Social & Ethics Committee 2 16,101 17,339 49,540
Member - Social & Ethics Committee 2 15,771 16,984 48,525
1. The annual fees are exclusive of Value Added Tax (“VAT”) which will be payable to those
Non-Executive Directors who are registered for VAT and who submit a valid VAT invoice to
the Company in accordance with prevailing legislation. The proposed fee set out in this
resolution represent a 0% increase on the Non-Executive Directors’ fees which were
approved by shareholders at the annual general meeting held on 18 October 2017.
2. The Remuneration payable to Non-Executive Directors and Committee Members for
participating in special/unscheduled Board or Committee meetings and ad hoc strategic
planning sessions will be remunerated in accordance with the attendance fee per meeting
for that Board or Committee Meeting.
The amended notice of AGM and Form of Proxy is available on the Company’s website,
7 September 2018
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