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Results of 2021 Annual General Meeting
Massmart Holdings Limited
(Incorporated in the Republic of South Africa)
Company registration No. 1940/014066/06
JSE Code: MSM
ISIN: ZAE 000152617
("Massmart" or the "Company")
RESULTS OF 2021 ANNUAL GENERAL MEETING
Shareholders are advised that at the Massmart Annual General Meeting held on Thursday, 20 May 2021 at 12h00
(“Annual General Meeting”), the shareholders passed all the ordinary and special resolutions, as set out in the
notice of Annual General Meeting dated 8 April 2021, by the requisite majority of votes of shareholders present in
person or represented by proxy.
The total number of shares present/represented, including proxies, at the Annual General Meeting was 89,24% of
Massmart’s issued share capital as at Friday, 14 May 2021, being the Voting Record Date.
The voting results were as follows:
SHARES
TOTAL SHARES VOTED
ABSTAINED
FOR AGAINST
NUMBER %* %**
RESOLUTION (%) (%)
Ordinary resolution number 1
Re-election of Mr John Peter Suarez to the 98,71 1,29 195566279 89,24% 0,020%
Board of Directors
Ordinary resolution number 2
Re-election of Mr Charles Redfield to the 99,96 0,04 195566279 89,24% 0,020%
Board of Directors
Ordinary resolution number 3
Re-election of Mr Olufunke Ighodaro to the 99,96 0,04 195566279 89,24% 0,020%
Board of Directors
Ordinary resolution number 4
Election of Ernst & Young Inc. as the 99,97 0,03 195566279 89,24% 0,020%
Company’s auditors (with Mr Roger Hillen as
audit partner)
Ordinary resolution number 5
Appointment of the Audit Committee
members:
5.1 Ms Olufunke Ighodaro (Chairman) 99,95 0,05 195566279 89,24% 0,020%
5.2 Ms Lindiwe Mthimunye 99,96 0,04 195566279 89,24% 0,020%
5,3 Dr Nolulamo (Lulu) Gwagwa 89,14 10,86 195566279 89,24% 0,020%
Ordinary resolution number 6
Authorisation for the Directors to issue 90,74 9,26 195566176 89,24% 0,020%
ordinary shares for cash, not exceeding 5% of
the shares in issue
Non-binding Advisory resolutions
Ordinary resolution number 7
90,86 9,14 195481002 89,20% 0,059%
Approval of the remuneration policy
Ordinary resolution number 8
Approval of the remuneration implementation 85,23 14,77 195481002 89,20% 0,059%
report
Special resolution number 1
Authorisation for the Company and/or its 97,82 2,18 195566352 89,24% 0,02%
subsidiaries to repurchase its own shares
Special resolution number 2
Approval of Non-Executive Directors’
remuneration
2.1 Chairman of the Board 98,80 1,2 195560701 89,24% 0,023%
2.2 Deputy Chairman of the Board 98,79 1,21 195560701 89,24% 0,023%
2.3 Independent non-Executive Directors 99,79 0,21 195560701 89,24% 0,023%
2.4 Audit Committee Chairman 99,79 0,21 195560701 89,24% 0,023%
2.5 Risk Committee Chairman 99,79 0,21 195560701 89,24% 0,023%
2.6 Remuneration Committee Chairman 99,79 0,21 195560701 89,24% 0,023%
2.7 Nomination and Social and Ethics
99,79 0,21 195560701 89,24% 0,023%
Committee Chairmen
2.8 Audit Committee Member 99,79 0,21 195560701 89,24% 0,023%
2.9 Other Board Committee Members 99,79 0,21 195560701 89,24% 0,023%
Special resolution number 3
Authorisation to provide financial assistance 97,43 2,57 195566276 89,24% 0,020%
pursuant to section 45 of the Act
*Expressed as a percentage of a total of 219,138,809 Massmart ordinary shares in issue as at the Voting Record
Date.
Johannesburg
21 May 2021
Sponsor
J.P. Morgan Equities South Africa Proprietary Limited
Date: 21-05-2021 09:00:00
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