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Results of General Meeting
Ellies Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number: 2007/007084/06)
JSE share code: ELI ISIN: ZAE000103081
("Ellies" or “the Company")
Results of General Meeting
Ellies shareholders (“Shareholders”) are referred to the announcement released on the Stock
Exchange News Service (“SENS”) on 6 July 2021, in which they were advised that Ellies has
entered into an agreement with Imvula Education Empowerment Fund Trust (“Imvula”), a Broad-
Based Black Economic Empowerment partner, in terms of which Ellies will issue and Imvula will
subscribe for 185 242 070 new ordinary shares of no par value (“Subscription Shares”) to Imvula
and other related matters, (“the Proposed B-BBEE Transaction”). The Subscription Shares will be
issued at an issue price per ordinary share of 10 cents per share for total cash consideration of
R18 524 207,00.
Full details of the Proposed B-BBEE Transaction were set out in the Circular published and
distributed on Tuesday, 10 August 2021, (“the Circular”), and incorporating details of the General
Meeting of Shareholders for purposes of approving (with or without modification) the relevant
resolutions to be proposed thereat.
Capitalised terms used in this announcement that are not otherwise defined, bear the meanings
ascribed to them in the Circular.
Shareholders are advised that at the General Meeting of Shareholders held today, Wednesday, 8
September 2021, held entirely by electronic communication, all the resolutions required to be
passed in order to approve the Proposed B-BBEE Transaction were passed with overwhelming
support from the Shareholders.
The details of voting results for the proposed resolutions were as follows:
Total number of Ellies shares entitled to vote is 620 158 235, net of treasury shares.
Total number of Ellies shares that were represented at the General Meeting: 169 052 695,
representing 27% of the total number of Ellies shares that could have been voted at the General
Meeting.
Resolutions For Against Abstained, in Shares
relation to total voted
shares in issue
SPECIAL RESOLUTION
NUMBER 1 – Share
Increase
Number of shares 165,913,292 2,212,503 926,900 168,125,795
Percentage 98.68% 1.32% 0.15% 27.11%
ORDINARY RESOLUTION
NUMBER 1 – Approval of
the Specific Issue
Number of shares 165,959,792 2,164,501 928,402 168,124,293
Percentage 98.71% 1.29% 0.15% 27.11%
ORDINARY RESOLUTION
NUMBER 2 – Pre-
approval of the B-BBEE
Spend
Number of shares 167,011,792 1,178,003 862,900 168,189,795
Percentage 99.30% 0.70% 0.14% 27.12%
SPECIAL RESOLUTION
NUMBER 2 – Specific
Authority to repurchase
the Subscription Shares
from the Subscriber
pursuant to the Call
Option
Number of shares 165,931,470 2,166,323 954,902 168,097,793
Percentage 98.71% 1.29% 0.15% 27.11%
SPECIAL RESOLUTION
NUMBER 3 – Specific
authority to repurchase
the Subscription Shares
from the Subscriber
pursuant to the Pre-
Emptive Right
Number of shares 166,667,971 1,301,322 1,083,402 167,969,293
Percentage 99.23% 0.77% 0.17% 27.08%
ORDINARY RESOLUTION
NUMBER 3 – Authority of
Directors
Number of shares 165,827,852 2,164,501 1,060,342 167,992,353
Percentage 98.71% 1.29% 0.17% 27.09%
Johannesburg
8 September 2021
Corporate Advisor to Ellies: Khanda Capital Proprietary Limited
Transaction Sponsor to Ellies: Deloitte & Touche Sponsor Services Proprietary Limited
Legal Advisor to Ellies: Baker & McKenzie Incorporated
Joint Transaction Advisor to Imvula: CapitalGate Proprietary Limited
Joint Transaction Advisor to Imvula: Agilequity Proprietary Limited
Date: 08-09-2021 01:24:00
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