Wrap Text
Results of the Annual General Meeting of Shareholders
Libstar Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number: 2014/032444/06)
JSE share code: LBR
ISIN: ZAE000250239
(“Libstar” or the "Company")
RESULTS OF THE ANNUAL GENERAL MEETING OF SHAREHOLDERS
Libstar shareholders are advised that the annual general meeting of the Company was held at 10h00 on Monday,
20 May 2019 (“Annual General Meeting”).
As at Friday, 10 May 2019, being the Annual General Meeting Record Date (“Voting Record Date”), the total number
of Libstar ordinary shares in issue (“Libstar Issued Ordinary Shares”) was 681 921 408.
The Libstar Issued Ordinary Shares eligible to vote by being present in person or by submitting proxies was 524 488
592, being 77% of the Libstar Issued Ordinary Shares.
The audited annual financial statements of the Libstar group and the reports of the board of directors of the Company,
the Audit and Risk Committee and the Social and Ethics Committee for the financial year ended 31 December 2018
were presented to the shareholders.
The voting results were as follows:
1. Ordinary Resolution Number 1 – Re-election of Wahid Suleiman Hamid as a director
Shares
Total Shares voted
abstained
For (%) Against (%) Number %(1) %(1)
95,59 4,41 521,284,332 76,44 0,47
2. Ordinary Resolution Number 2 – Re-election of Sandeep Khanna as a director
Shares
Total Shares voted
abstained
For (%) Against (%) Number %(1) %(1)
96,11 3,89 521,284,332 76,44 0,47
3. Ordinary Resolution Number 3 – Re-election of Johannes Petrus Landman as a director
Shares
Total Shares voted
abstained
For (%) Against (%) Number %(1) %(1)
99,99 0,00044 521,284,332 76,44 0,47
4. Ordinary Resolution Number 4 – Election of Sibongile Masinga as a director
Shares
Total Shares voted
abstained
For (%) Against (%) Number %(1) %(1)
99,99 0,00285 519,019,335 76,11 0,80
5. Ordinary Resolution Number 5 – Re-appointment of Moore Stephens Cape Town Incorporated as
auditors, and the individual designated audit partner
Shares
Total Shares voted
abstained
For (%) Against (%) Number %(1) %(1)
99,77 0,226 524,470,405 76,91 0,00267
6. Ordinary Resolution Number 6 – Appointment of Sibongile Masinga as a member and chairperson of
the Audit and Risk Committee
Shares
Total Shares voted
abstained
For (%) Against (%) Number %(1) %(1)
99,91 0,09317 518,417,941 76,02 0,89
7. Ordinary Resolution Number 7 – Re-appointment of Sandeep Khanna to the Audit and Risk Committee
Shares
Total Shares voted
abstained
For (%) Against (%) Number %(1) %(1)
92,40 7,60 521,284,332 76,44 0,47
8. Ordinary Resolution Number 8 – Re-appointment of Johannes Petrus Landman to the Audit and Risk
Committee
Shares
Total Shares voted
abstained
For (%) Against (%) Number %(1) %(1)
99,91 0,09045 520,232,623 76,289 0,624
9. Ordinary Resolution Number 9 – Adoption of the Libstar Group Share Plan
Shares
Total Shares voted
abstained
For (%) Against (%) Number %(1) %(1)
80,90 19,10 516,484,209 75,74 1,174
10. Ordinary Resolution Number 10 – Non-binding advisory vote with respect to the Remuneration Policy
Shares
Total Shares voted
abstained
For (%) Against (%) Number %(1) %(1)
74,89 25,11 519,013,794 76,11 0,80
As the non-binding advisory endorsement approving Libstar’s Remuneration Policy has been voted against by
shareholders exercising just over 25% of the voting rights exercised on this resolution, Libstar extends an
invitation to dissenting shareholders to engage with the Company by forwarding their concerns/questions to
Solach Pather on email compsecretary@libstar.co.za by close of business on 31 May 2019.
11. Ordinary Resolution Number 11 – Non-binding advisory vote with respect to the Implementation Report
in respect of the Remuneration Policy
Shares
Total Shares voted
abstained
For (%) Against (%) Number %(1) %(1)
76,80% 23,20 519,013,794 76,11 0,80
12. Ordinary Resolution Number 12 – General authority to issue shares in the Company for cash
Shares
Total Shares voted
abstained
For (%) Against (%) Number %(1) %(1)
67,51% 32,49% 524,466,155 76,91 0,00329
The Company notes the votes against the general authority and commits to consult with shareholders to
identify and address their concerns.
13. Ordinary Resolution Number 13 – General authorisation
Shares
Total Shares voted
abstained
For (%) Against (%) Number %(1) %(1)
99,04 0,96 467,835,482 68,61 8,308
14. Special Resolution Number 1 – Financial assistance to staff and executives of the Libstar Group to
acquire securities in the Company pursuant to the Libstar Group Share Plan
Shares
Total Shares voted
abstained
For (%) Against (%) Number %(1) %(1)
78,41 21,59 519,675,573 76,21 0,71
15. Special Resolution Number 2 – Approval to issue shares in terms of section 41(1) of the Companies Act
Shares
Total Shares voted
abstained
For (%) Against (%) Number %(1) %(1)
74,93 25,07 519,014,044 76,11 0,80
The Company notes the votes against the policy and commits to consult with shareholders to identify and
address their concerns.
16. Special Resolution Number 3 – General authority to repurchase shares
Shares
Total Shares voted
abstained
For (%) Against (%) Number %(1) %(1)
85,89 14,11 524,466,399 76,91 0,00325
17. Special Resolution Number 4 – Financial assistance for related or inter-related companies or
corporations, their members and other related persons
Shares
Total Shares voted
abstained
For (%) Against (%) Number %(1) %(1)
87,39 12,61 470,571,176 69,01 7,91
(1) Expressed as a percentage of 681,921,408 Libstar ordinary shares in issue as at the Voting Record Date of Friday,
10 May 2019.
Johannesburg
21 May 2019
Sponsor
The Standard Bank of South Africa Limited
Date: 21/05/2019 03:30:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.