QUANTUM FOODS HOLDINGS LIMITED - Results of annual general meeting and change to the board of directors

Results of annual general meeting and change to the board of directors

QUANTUM FOODS HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 2013/208598/06)
Share code: QFH
ISIN: ZAE000193686
(“Quantum Foods” or the “Company”)

RESULTS OF ANNUAL GENERAL MEETING AND CHANGE TO THE BOARD OF DIRECTORS

Results of annual general meeting

Shareholders of Quantum Foods (“Shareholders”) are advised that at the annual general meeting (“AGM”) of
Shareholders held on Friday, 19 February 2021, all the resolutions, as set out in the notice of AGM dated Friday,
18 December 2020, were approved by the requisite majority of Shareholders present or represented by proxy, save for:

 -   ordinary resolutions number 2 and number 8 which were withdrawn from consideration at the AGM (as detailed in
     the announcement published on SENS on Monday, 15 February 2021); and
 -   ordinary resolutions number 5 and number 6 and special resolution number 1.

All resolutions proposed at the AGM, together with the number and percentage of shares voted, the percentage of
shares abstained, as well as the percentage of votes carried for and against each resolution, are as follows:

Ordinary resolution number 1 – Re-appointment of PricewaterhouseCoopers Inc. (with Mr. RJ Jacobs as the individual
responsible for performing the function of auditor) as auditors for the ensuing financial year on the recommendation of
the audit and risk committee of the Company and that the audit and risk committee be authorised to approve their
remuneration

 Shares voted                  For                          Against                       Abstained
 162 546 650                   62.09%                       37.91%                        0.30%

 81.26%


Ordinary resolution number 3 – Re-election of director: Ms. Tanya Golden

 Shares voted                  For                          Against                       Abstained
 163 010 215                   58.92%                       41.08%                        0.07%

 81.50%


Ordinary resolution number 4 – Confirmation of appointment of director: Mr. Larry Wilson Riddle

 Shares voted                  For                          Against                       Abstained
 163 007 215                   62.20%                       37.80%                        0.07%

 81.49%


Ordinary resolution number 5 – Election of a Shareholder’s nominee: Mr. Bob Dobbie

 Shares voted                  For                          Against                       Abstained
 163 007 215                   37.91%                       62.09%                        0.07%

 81.49%

                                                                                                                     
Ordinary resolution number 6 – Election of a Shareholder’s nominee: Mr. Fortune Mojapelo

 Shares voted                  For                          Against                      Abstained
 163 007 215                   37.91%                       62.09%                       0.07%

 81.49%


Ordinary resolution number 7 – Election of a Shareholder’s nominee: Mr. Gary Vaughan-Smith

 Shares voted                  For                          Against                      Abstained
 163 007 215                   62.19%                       37.81%                       0.07%

 81.49%


Ordinary resolution number 9 – Re-election of a member of the audit and risk committee: Mr. Geoffrey George Fortuin

 Shares voted                  For                          Against                      Abstained
 163 010 215                   62.20%                       37.80%                       0.07%

 81.50%


Ordinary resolution number 10 – Election of a member of the audit and risk committee: Mr. Larry Wilson Riddle,
subject to the passing of ordinary resolution number 4

 Shares voted                  For                          Against                      Abstained
 163 010 215                   62.20%                       37.80%                       0.07%

 81.50%


Ordinary resolution number 11 – Non-binding advisory vote on Quantum Foods’ remuneration policy

 Shares voted                  For                          Against                      Abstained
 162 543 650                   62.06%                       37.94%                       0.30%

 81.26%


Ordinary resolution number 12 – Non-binding advisory vote on Quantum Foods’ implementation report in respect of
its remuneration policy

 Shares voted                  For                          Against                      Abstained
 162 543 650                   62.09%                       37.91%                       0.30%

 81.26%


Special resolution number 1 – Approval of the non-executive directors’ remuneration

 Shares voted                  For                          Against                       Abstained
 162 546 650                   62.09%                       37.91%                        0.30%

 81.26%

Notes
 - Percentages of shares voted are calculated in relation to the total issued share capital of Quantum Foods.
 - Percentage of shares voted for and against are calculated in relation to the total number of shares voted in respect
    of each resolution.
 - Abstentions are calculated as a percentage in relation to the total issued share capital of Quantum Foods.

More than 25% of the votes exercised in respect of ordinary resolutions number 11 and number 12 were against the
non-binding endorsement of the Company’s remuneration policy and the non-binding endorsement of the Company’s
implementation report in respect of the remuneration policy, respectively. In accordance with paragraph 3.84(j) of the
JSE Limited Listings Requirements (“Listings Requirements”), the Company hereby extends an invitation to the
dissenting Shareholders to engage with the Company by providing their comments / concerns / questions on the
Company’s remuneration policy and/or the Company’s implementation report in respect of the remuneration policy to
the Company Secretary, Ms. Marisha Gibbons, at Marisha.Gibbons@quantumfoods.co.za, by no later than close of
business on Monday, 8 March 2021.

Change to the board of directors

Pursuant to the passing of ordinary resolution number 7 and in accordance with paragraph 3.59(a) of the Listings
Requirements, Shareholders are hereby advised that Mr. Gary Vaughan-Smith has been elected as a non-executive
director of the Company by Shareholders at the AGM.



Wellington
22 February 2021

Corporate advisor and Sponsor
One Capital

Attorneys
Webber Wentzel




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Date: 22-02-2021 01:00:00
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