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Results of annual general meeting
Etion Limited
(PREVIOUSLY KNOWN AS Etion Limited)
(Incorporated in the Republic of South Africa)
(Registration number: 1987/001222/06)
(JSE code: ETO ISIN: ZAE000257739)
(“Etion” or “the Company”)
Results of Annual General Meeting
Shareholders are advised that, at the annual general meeting of Etion held
yesterday, all the resolutions as set out in the notice of annual general
meeting were passed by the requisite majority of votes save for ordinary
resolutions 5 and 6.
The number of shares voted in person or by proxy was 301 368 965 representing
61% of the total issued share capital of the same class of Etion.
The resolutions proposed at the meeting, together with the percentage of
shares voted or abstained as well as the percentage of votes carried for and
against each resolution are displayed below:
Ordinary Resolution 1
Re-election of Coenraad Bester as a member of the board.
SHARES VOTED 300 245 430 60.73%
SHARES ABSTAINED 1 123 535 0.23%
VOTES FOR 300 245 145 100%
VOTES AGAINST 285 0%
Ordinary Resolution 2
Re-election of Dr Snowy Khoza as a member of the board.
SHARES VOTED 300 245 430 60.73%
SHARES ABSTAINED 1 123 535 0.23%
VOTES FOR 300 232 645 100%
VOTES AGAINST 12 785 0%
Ordinary Resolution 3:
Confirmation of the appointment of Elvin de Kock as director
SHARES VOTED 300 245 430 60.73%
SHARES ABSTAINED 1 123 535 0.23%
VOTES FOR 300 245 430 100%
VOTES AGAINST - 0%
Ordinary Resolution 4:
Confirmation of the appointment of Christi Maherry as director
SHARES VOTED 300 245 430 60.73%
SHARES ABSTAINED 1 123 535 0.23%
VOTES FOR 300 245 430 100%
VOTES AGAINST - 0%
Ordinary Resolution 5:
Re-election of Nondumiso Medupe as Chairperson of the company's Audit and
Risk Committee.
SHARES VOTED 300 245 430 60.73%
SHARES ABSTAINED 1 123 535 0.23%
VOTES FOR 139 380 221 46.42%
VOTES AGAINST 160 865 209 53.58%
Ordinary Resolution 6:
Re-election of Sizakele Petunia Mzimela as a member of the company's Audit
and Risk Committee.
SHARES VOTED 300 245 430 60.73%
SHARES ABSTAINED 1 123 535 0.23%
VOTES FOR 139 380 221 46.42%
VOTES AGAINST 160 865 209 53.58%
Ordinary Resolution 7:
Re-election of Dr Snowy Joyce Khoza as a member of the company's Audit and
Risk Committee.
SHARES VOTED 300 245 430 60.73%
SHARES ABSTAINED 1 123 535 0.23%
VOTES FOR 300 232 645 100%
VOTES AGAINST 12 785 0%
Ordinary Resolution 8:
Appointment of Coenraad Petrus Bester as a member of the company's Audit and
Risk Committee.
SHARES VOTED 300 245 430 60.73%
SHARES ABSTAINED 1 123 535 0.23%
VOTES FOR 300 245 145 100%
VOTES AGAINST 285 0%
Ordinary Resolution 9:
Re-appointment of PricewaterhouseCoopers Inc as external auditors
SHARES VOTED 300 245 430 60.73%
SHARES ABSTAINED 1 123 535 0.23%
VOTES FOR 300 243 430 100%
VOTES AGAINST 2 000 0%
Ordinary Resolution number 10:
Endorsement of Etion remuneration policy.
SHARES VOTED 295 594 737 59.79%
SHARES ABSTAINED 5 774 228 1.17%
VOTES FOR 295 455 452 99.95%
VOTES AGAINST 139 285 0.05%
Ordinary Resolution number 11:
Endorsement of Etion implementation policy.
SHARES VOTED 295 594 737 59.79%
SHARES ABSTAINED 5 774 228 1.17%
VOTES FOR 295 540 452 99.98%
VOTES AGAINST 54 285 0.02%
Ordinary Resolution 12:
General authority to issue shares for cash.
SHARES VOTED 300 245 430 60.73%
SHARES ABSTAINED 1 123 535 0.23%
VOTES FOR 298 561 495 99.44%
VOTES AGAINST 1 683 935 0.56%
Special Resolution 1:
Remuneration of non-executive directors.
SHARES VOTED 295 597 737 59.79%
SHARES ABSTAINED 5 771 228 1.17%
VOTES FOR 273 728 700 92.60%
VOTES AGAINST 21 869 037 7.40%
Special Resolution 2:
Remuneration of ad hoc board committees.
SHARES VOTED 300 243 430 60.73%
SHARES ABSTAINED 1 125 535 0.23%
VOTES FOR 278 374 393 92.72%
VOTES AGAINST 21 869 037 7.28%
Special Resolution 3:
Direct or indirect financial assistance.
SHARES VOTED 300 245 430 60.73%
SHARES ABSTAINED 1 123 535 0.23%
VOTES FOR 295 438 977 98.40%
VOTES AGAINST 4 806 453 1.60%
Special Resolution 4:
Authority to provide financial assistance to related and inter-related companies.
SHARES VOTED 300 225 780 60.72%
SHARES ABSTAINED 1 143 185 0.23%
VOTES FOR 300 065 020 99.95%
VOTES AGAINST 160 760 0.05%
Special Resolution 5:
Authority to repurchase shares
SHARES VOTED 300 245 430 60.73%
SHARES ABSTAINED 1 123 535 0.23%
VOTES FOR 298 684 214 99.48%
VOTES AGAINST 1 561 216 0.52%
Special Resolution 6:
Approval of the Etion Long term share incentive scheme.
SHARES VOTED 300 222 780 60.72%
SHARES ABSTAINED 1 146 185 0.23%
VOTES FOR 300 008 020 99.93%
VOTES AGAINST 214 760 0.07%
Centurion
28 September 2018
Designated Advisor
Exchange Sponsors
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