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Report on proceedings at the annual general meeting
Mpact Limited
(Incorporated in the Republic of South Africa)
(Registration number 2004/025229/06)
JSE share code: MPT ISIN: ZAE000156501
(“Mpact” or “the Company”)
REPORT ON PROCEEDINGS AT THE ANNUAL GENERAL MEETING
At the annual general meeting ("AGM") of the shareholders of Mpact
held on Thursday, 04 June 2020, all ordinary and special
resolutions proposed at the AGM were approved by the requisite
majority of votes save for non-binding advisory votes number 1 and
2.
Mpact confirms the voting statistics from the AGM as follows:
Resolutions Votes cast Number of Shares Shares
disclosed as a shares voted abstained
percentage in voted disclosed disclosed
relation to the as a as a
total number of percentage percentage
shares voted at in in
the AGM relation relation
to the to the
total total
issued issued
For Against shares* shares*
Ordinary resolution 1.1:
Re-election of AM
Thompson 75.47% 24.53% 152,462,732 87.97% 0.11%
Ordinary resolution 1.2:
Re-election of M Makanjee 84.64% 15.36% 152,462,732 87.97% 0.11%
Ordinary resolution 2.1:
Election of TDA Ross as
Audit and Risk Committee
member 92.52% 7.48% 152,462,681 87.97% 0.11%
Ordinary resolution 2.2:
Election of NP Dongwana
as Audit and Risk
Committee member 92.52% 7.48% 152,462,732 87.97% 0.11%
Ordinary resolution 2.3:
Election of AM Thompson
as Audit and Risk
Committee member 66.18% 33.82% 152,462,732 87.97% 0.11%
Ordinary resolution 2.4:
Election of PCS Luthuli
as Audit and Risk
Committee member 100.00% 0.00% 152,462,732 87.97% 0.11%
Ordinary resolution 3:
Re-appointment of
Deloitte & Touche as
auditors 81.18% 18.82% 152,464,382 87.97% 0.11%
Ordinary resolution 4:
Authority to implement
resolutions 100.00% 0.00% 152,464,331 87.97% 0.11%
Non-binding advisory vote
1: Advisory vote on the
remuneration policy 72.41% 27.59% 152,455,681 87.97% 0.11%
Non-binding advisory vote
2: Advisory vote on the
remuneration
implementation report 44.11% 55.89% 152,454,031 87.97% 0.11%
Special resolution 1:
General authority to
repurchase shares 99.99% 0.01% 152,461,732 87.97% 0.11%
Special resolution 2:
General authority to
provide financial
assistance 99.83% 0.17% 152,464,382 87.97% 0.11%
Special resolution 3:
Non-executive directors’
remuneration 84.20% 15.80% 152,464,382 87.97% 0.11%
*Total issued shares: 173 304 517
Notes:
Shareholders are advised that the non-binding advisory votes
number 1 and 2 (the remuneration policy and the remuneration
implementation report, respectively) were voted against by more
than 25% of Mpact's shareholders present in person or represented
by proxy at the AGM ("dissenting shareholders"). The Board invites
those dissenting shareholders to engage with the Company in the
following manner:
1. All dissenting shareholders are invited to forward their
concerns/questions on the remuneration policy and the
remuneration implementation report to the Group Company
Secretary in writing to cosec@mpact.co.za by close of business
on Monday,15 June 2020.
2. Following the responses received from the dissenting
shareholders in accordance with the above, appropriate
engagements will be scheduled at a suitable date and time and
communicated to shareholders.
Melrose Arch
04 June 2020
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 04-06-2020 04:54:00
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