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Results of the General Meeting of Sabvest Shareholders and Revised Salient Dates
SABVEST LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1987/003753/06)
Ordinary share code: SBV and ISIN: ZAE000006417
N ordinary share code: SVN and ISIN: ZAE000012043
(“Sabvest” or “the Company”)
RESULTS OF THE GENERAL MEETING OF SABVEST SHAREHOLDERS AND REVISED SALIENT DATES
1. Results of the General Meeting
Sabvest shareholders (“Shareholders”) are advised that at the general meeting of shareholders of the Company
held on Monday, 29 October 2018 (“General Meeting”), the special and ordinary resolutions, as set out in the
notice of General Meeting forming part of the circular to Shareholders dated 28 September 2018, were passed by
the requisite majority of votes of shareholders present in person or represented by proxy.
Special Resolution Number 2 was not put to a vote, as the Company had received no objections to Special
Resolution Number 1 from Shareholders pursuant to Section 164 of the Companies Act 71 of 2008, as amended,
and hence the passing thereof was not required.
The total number of shares present/represented, including proxies, entitled to vote at the General Meeting was
15,949,800 ordinary shares or 93,24% of Sabvest’s issued ordinary share capital and 14,723,627 ‘N’ ordinary
shares or 48,83% of Sabvest’s issued ‘N’ ordinary share capital as at Friday, 19 October 2018, being the record
date to be eligible to vote at the General Meeting.
The voting results were as follows:
VOTING
TOTAL VOTING RIGHTS EXERCISED RIGHTS
ABSTAINED
FOR AGAINST
RESOLUTION NUMBER % (2) % (2)
(%) (1) (%) (1)
Special Resolution Number 1
Approval of the Specific 99,9963 0,0037 7,974,900,727 93,1232 0,0020
Repurchase
Special Resolution Number 3
Approval of the Treasury Share 99,9963 0,0037 7,974,900,727 93,0930 0,0020
Repurchase
Ordinary Resolution Number 1
Amendment to the Investment 99,9972 0,0028 7,974,900,727 93,0855 0,0020
Policy
Ordinary Resolution Number 2
General authority granted to 99,9963 0,0037 7,974,900,727 93,0855 0,0020
Directors
Notes:
1. As a percentage of voting rights exercised
2. As a percentage of total voteable rights
2. Revised salient dates and times
2018
Last day for Sabvest minority shareholders who voted against the Specific Monday, 5 November
Repurchase to require Sabvest to seek court approval for the Specific
Repurchase in terms of section 115(3)(a) of the Companies Act, on:
Last day to send notice of adoption of special resolutions to dissenting Monday, 12 November
shareholders in accordance of section 164 of the Companies Act:
Last day for Sabvest minority shareholders who voted against the Specific Monday, 12 November
Repurchase to apply to court for leave to apply for a review of the Specific
Repurchase in terms of section 115(3)(b) of the Companies Act:
Compliance certificate expected to be received from the TRP: Tuesday, 13 November
Finalisation announcement expected to be released on SENS: Tuesday, 13 November
Finalisation announcement expected to be released in the South African press: Wednesday, 14 November
Cancellation and delisting of shares on or about: Monday, 19 November
Sandhurst
29 October 2018
Independent Transaction Sponsor
Questco Corporate Advisory Proprietary Limited
JSE Sponsor
RMB
Date: 29/10/2018 04:41:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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