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Report on proceedings at the annual general meeting
SABVEST CAPITAL LIMITED
(Incorporated in South Africa)
(Registration number 2020/030059/06)
JSE share code: SBP
ZAE000283511
("Sabcap")
REPORT ON PROCEEDINGS AT THE ANNUAL GENERAL MEETING
Shareholders are advised that, at the annual general meeting ("AGM" or "the meeting") of the shareholders of Sabcap held electronically today, 18 May 2023, all the
ordinary and special resolutions proposed at the meeting were approved by the requisite majority of votes. The following information is provided in compliance with the
JSE Listings Requirements:
Total number of Sabcap shares in issue 39 550 000
Total number of votes exercisable by the ordinary shares ("Ord shares") 39 395 000
Total number of votes exercisable by the Z share ("Z share")* 41 148 077
Total number of votes exercisable at the meeting 80 543 077
*The Z share is entitled to exercise votes equal to 104.45% of the voting rights of all the issued Ord shares on a poll.
Details of voting results:
Votes cast disclosed as a percentage in relation Number of shares Votes held by Shares abstained
to the total number of votes held by shares voted shares voted as a disclosed as a
voted at the meeting percentage in percentage in
relation to the relation to the total
total votes of all issued shares
issued shares
Resolutions For Against
Ordinary Resolutions
1 – Re-election of director – Mr CS 100% Ord shares 0% Ord shares 21 909 076 Ord shares 27.20% Ord shares 0.13% Ord shares
Seabrooke 100% Z share 0% Z share 41 148 077 Z share 51.09% Z share 0% Z share
2 – Re-election of non-executive director – 95.57% Ord shares 4.43% Ord shares 21 909 076 Ord shares 27.20% Ord shares 0.13% Ord shares
Mrs O Ighodaro 100% Z share 0% Z share 41 148 077 Z share 51.09% Z share 0% Z share
3 – Election of non-executive director – 99.96% Ord shares 0.04% Ord shares 21 909 076 Ord shares 27.20% Ord shares 0.13% Ord shares
Ms L Mthimunye 100% Z share 0% Z share 41 148 077 Z share 51.09% Z share 0% Z share
4 – Re-election of director – Mr K 100% Ord shares 0% Ord shares 21 909 076 Ord shares 27.20% Ord shares 0.13% Ord shares
De Matteis 100% Z share 0% Z share 41 148 077 Z share 51.09% Z share 0% Z share
5 – Appointment of independent external 99.99% Ord shares 0.01% Ord shares 21 909 153 Ord shares 27.20% Ord shares 0.13% Ord shares
auditors 100% Z share 0% Z share 41 148 077 Z share 51.09% Z share 0% Z share
6 – Re-election of Audit Committee member – 99.96% Ord shares 0.04% Ord shares 21 909 076 Ord shares 27.20% Ord shares 0.13% Ord shares
Ms L Mthimunye 100% Z share 0% Z share 41 148 077 Z share 51.09% Z share 0% Z share
7 – Re-election of Audit Committee member – 95.57% Ord shares 4.43% Ord shares 21 909 076 Ord shares 27.20% Ord shares 0.13% Ord shares
Mrs O Ighodaro 100% Z share 0% Z share 41 148 077 Z share 51.09% Z share 0% Z share
8 – Re-election of Audit Committee member – 90.71% Ord shares 9.29% Ord shares 21 909 076 Ord shares 27.20% Ord shares 0.13% Ord shares
Mr BJT Shongwe 100% Z share 0% Z share 41 148 077 Z share 51.09% Z share 0% Z share
9 – Non-binding advisory vote on 99.97% Ord shares 0.03% Ord shares 21 908 876 Ord shares 27.20% Ord shares 0.13% Ord shares
Remuneration Policy 100% Z share 0% Z share 41 148 077 Z share 51.09% Z share 0% Z share
10 – Non-binding advisory vote on 99.97% Ord shares 0.03% Ord shares 21 908 876 Ord shares 27.20% Ord shares 0.13% Ord shares
Remuneration Implementation Report 100% Z share 0% Z share 41 148 077 Z share 51.09% Z share 0% Z share
11 – Amendment to the Company’s 99.98% Ord shares 0.02% Ord shares 21 907 763 Ord shares 27.20% Ord shares 0.13% Ord shares
Investment Policy 100% Z share 0% Z share 41 148 077 Z share 51.09% Z share 0% Z share
12 – Authority to sign all documents 99.98% Ord shares 0.02% Ord shares 21 909 153 Ord shares 27.26% Ord shares 0.13% Ord shares
required 100% Z share 0% Z share 41 148 077 Z share 51.09% Z share 0% Z share
Special Resolutions
1 – Approval of proposed non-executive 99.97% Ord shares 0.03% Ord shares 21 909 076 Ord shares 27.20% Ord shares 0.13% Ord shares
directors’ remuneration for the year 100% Z share 0% Z share 41 148 077 Z share 51.09% Z share 0% Z share
ending 31 December 2023
2 – Authority to provide financial assistance 99.98% Ord shares 0.02% Ord shares 21 909 076 Ord shares 27.20% Ord shares 0.13% Ord shares
in terms of Section 45 of the Companies Act 100% Z share 0% Z share 41 148 077 Z share 51.09% Z share 0% Z share
to any group company
3 – Authority to provide financial assistance 99.98% Ord shares 0.02% Ord shares 21 909 076 Ord shares 27.20% Ord shares 0.13% Ord shares
in terms of section 44 of the Companies Act 100% Z share 0% Z share 41 148 077 Z share 51.09% Z share 0% Z share
4 – General authority to repurchase shares 99.98% Ord shares 0.02% Ord shares 21 909 076 Ord shares 27.20% Ord shares 0.13% Ord shares
100% Z share 0% Z share 41 148 077 Z share 51.09% Z share 0% Z share
Following the approval by shareholders of the appointment PricewaterhouseCoopers Inc as the external auditor of the Company and its subsidiaries, with Pieter Pelcher as
the designated audit partner, for the financial year ending 31 December 2023, at the AGM, the effective date of appointment is today, 18 May 2023.
The special resolution/s will, where necessary, be lodged for registration with the Companies and Intellectual Property Commission in due course.
Sandhurst
18 May 2023
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 18-05-2023 05:27:00
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