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SASFIN HOLDINGS LIMITED - Results of AGM

Release Date: 30/11/2018 15:18
Code(s): SFNP SFN
 
Wrap Text
Results of AGM

Sasfin Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration Number 1987/002097/06)
Ordinary share code: SFN ISIN: ZAE000006565
Preference share code: SFNP ISIN: ZAE000060273
(“Sasfin” or “the Company”)



RESULTS OF THE ANNUAL GENERAL MEETING




Sasfin shareholders are advised that at the annual general meeting (“AGM”) of shareholders held on 29 November
2018, the following resolutions, as set out in the notice of AGM, which was incorporated in the Integrated Report
2018 distributed to shareholders on 31 October 2018, were duly approved by the requisite majority of shareholders
present and voting, either in person or represented by proxy.

Shareholders are advised that:

-       There were 32 289 424 Shares in issue as at the date of the AGM.
-       23 049 115 Shares were present/represented including proxies at the AGM being 71% of the total number of
        Shares in issue.
-       Abstentions are represented as a percentage of the total number of Shares in issue while the Shares voted for
        and against are represented as a percentage of the Shares voted.


Details of the results of the voting are as follows:

                                                        Shares      Shares         Shares voted           Shares
    Number       Item                                  voted for    against                              abstained

    1.           To consider and accept the            23 027 148    250             23 027 398            21 717
                 Annual Financial Statements            100.00%     0.00%                                  0.07%


    2            Ordinary and Special
                 resolutions


    2.1          Ordinary resolutions:


                 (1)     Re-election of directors of
                         the Company:


                 (1.1)      To re-elect, as Non-       22 846 862   180 536          23 027 398            21 717
                            Executive Director, Mr
                                                        99.22%       0.78%                                 0.07%
                            MS Rylands
      (1.2)     To re-elect, as Non-
                Executive Director, Ms    23 027 148    250      23 027 398   21 717
                L de Beer                    100%      0.00%                  0.07%


      (1.3)      To re-elect, as Non-
                 Executive Director, Mr   23 027 148    250      23 027 398   21 717
                 RC Andersen                 100%      0.00%                  0.07%


      (2) Election of directors


      (2.1)      To elect, as Non-
                 Executive Director, Mr   23 027 148    250      23 027 398   21 717
                 RWR Buchholz                100%      0.00%                  0.07%


      (2.2)      To elect, as Non-
                 Executive Director, Ms   22 936 853   90 545    23 027 398   21 717
                 GT Serobe                 99.61%      0.39%                  0.07%


      (2.3)      To elect, as Non-        23 022 148   5 250     23 027 398   21 717
                 Executive Director, Ms
                                           99.98%      0.02%                  0.07%
                 GP Dingaan


      (2.4)      To elect, as Alternate   23 027 148    250      23 027 398   21 717
                 Non-Executive               100%      0.00%                  0.07%
                 Director, Mr S
                 Rosenthal


      (3)     To appoint PWC as           22 941 853   85 545    23 027 398   21 717
              independent auditor for      99.63%      0.37%                  0.07%
              the next financial year


2.2   Special resolutions:


      (1)     General authority of the    23 000 088   27 310    23 027 398   21 717
              Company and/or its           99.88%      0.12%                  0.07%
              subsidiaries to
              repurchase shares


      (2)     To approve the Non-         22 814 802   212 596   23 027 398   21 717
              Executive Directors’ fees    99.08%       0.92%                 0.07%
              for the 2019 financial
              year
             (3)   General authority to         22 995 088   32 310    23 027 398   21 717
                   provide financial             99.86%      0.14%                  0.07%
                   assistance for
                   subscription of shares to
                   related or inter-related
                   companies (section 45)


             (4)   General authority to         22 995 088   32 310    23 027 398   21 717
                   provide financial
                                                 99.86%      0.14%                  0.07%
                   assistance for
                   subscription of shares
                   (section 44)


             (5)   Place unissued shares        22 942 589   84 809    23 027 398   21 717
                   under the control of the      99.63%      0.37%                  0.07%
                   directors


             (6)   General, but restricted,     22 232 343   795 055   23 027 398   21 717
                   authority to issue shares     96.55%       3.45%                 0.07%
                   for cash


  3.         Non-binding advisory votes


             (1)   Endorsement of the           22 814 802   212 596   23 027 398   21 717
                   Company’s                     99.08%       0.92%                 0.07%
                   Remuneration Policy
                   (non-binding vote)


             (2)   Endorsement of the           22 099 556   927 842   23 027 398   21 717
                   Company‘s                     95.97%       4.03%                 0.07%
                   Remuneration
                   Implementation Report
                   (non-binding vote)


Johannesburg
30 November 2018


Sponsor
Sasfin Capital (a member of the Sasfin Group)

Independent Sponsor
Deloitte & Touche Sponsor Services Proprietary Limited

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