PPC LIMITED - Results of Annual General Meeting

Results of Annual General Meeting

  PPC Ltd
  (Incorporated in the Republic of South Africa)
  (Company registration number 1892/000667/06)
  JSE ISIN: ZAE000170049
  JSE code: PPC ZSE code: PPC
  (“PPC” or “Company”)

  Results of Annual General Meeting (“AGM”)

  Shareholders of PPC (“Shareholders”) are hereby advised that all proposed ordinary and
  special resolutions contained in the Notice of the AGM dated 28 July 2023 and tabled at the
  Company’s AGM held on Wednesday, 6 September 2023, were passed by the requisite
  majority of votes cast by Shareholders, as reported below:

  The total number of PPC ordinary shares (“Shares”) in issue that could have voted at the AGM
  was 1 553 764 624 and the total number of Shares present at the AGM in person or by proxy
  was 1 060 292 232, representing 68.24% of the total Shares that could have voted.

Resolutions proposed             Number of Shares   Percentage   Percentage   Percentage   Percentage
                                 voted              Shares       For**        Against**    Abstained*
                                                    voted*
Ordinary Resolution 1.1 – Re-    1,059,560,415      68.19        99.99        0.01         0.05
election of N Gobodo

Ordinary Resolution 1.2 – Re-    1,059,512,584      68.19        89.42        10.58        0.05
election of C Naude

Ordinary Resolution 1.3 – Re-    1,059,512,584      68.19        100.00       0.00         0.05
election of MR Thompson

Ordinary Resolution 2.1 –        1,059,576,467      68.19        99.99        0.01         0.05
Appointment to audit
committee – N Gobodo

Ordinary Resolution 2.2 –        1,059,530,542      68.19        97.10        2.90         0.05
Appointment to audit
committee – N Mkhondo

Ordinary Resolution 2.3 –        1,059,533,267      68.19        99.99        0.01         0.05
Appointment to audit
committee – MR Thompson

Ordinary Resolution 3 –          1,059,537,142      68.19        98.54        1.46         0.05
Appointment of external
auditor
PriceWaterhouseCoopers Inc
(PwC)

Ordinary Resolution 4.1 – Non-   1,059,270,267       68.17        81.42        18.58        0.07
binding advisory vote –
remuneration policy

Ordinary Resolution 4.2 – Non-    1,059,270,267       68.17       97.06        2.94         0.07
binding advisory vote –
remuneration implementation
report
 
Ordinary Resolution 5 –            1,059,516,236      68.19        99.99        0.01        0.05
Authority to implement
resolutions

Special Resolutions 1.1 –          1,059,487,328      68.19        99.98        0.02        0.05
Financial Assistance – Section
  44

Special Resolutions 1.2 –          1,059,487,328      68.19        87.17        12.83       0.05
Financial Assistance – Section
  45
  
Special Resolution 2.1 –           1,059,510,859       68.19       95.65        4.35        0.05
Remuneration – Board
chairman
 
Special Resolution 2.2 –           1,059,510,859       68.19       98.52        1.48       0.05
Remuneration – Non-executive 
directors
  
Special Resolution 2.3 – Audit     1,059,510,859        68.19      99.98        0.02        0.05
and risk committee chairman
  
Special Resolution 2.4 – Audit     1,059,510,859        68.19      99.98        0.02        0.05
and risk committee – Members
  
Special Resolution 2.5 – Social    1,059,490,028        68.19      99.98        0.02        0.05
and ethics committee –
Chairman
  
Special Resolution 2.6 – Social    1,059,490,028        68.19      99.98        0.02        0.05
and ethics committee –
Members
  
Special Resolution 2.7 –           1,059,510,859        68.19       99.98        0.02       0.05
Rewards and talent committee
 – Chairman
  
Special Resolution 2.8 –           1,059,510,859         68.19      99.98         0.02      0.05
Rewards and talent committee
  – Members
  
Special Resolution 2.9 –           1,059,510,859         68.19       99.98        0.02      0.05
Strategy and investment
committee – Chairman
  
Special Resolution 2.10 –          1,059,510,859         68.19       99.98         0.02     0.05
Strategy and investment
committee – Members
  
Special Resolution 2.11 –          1,059,510,859         68.19       97.11        2.89      0.05
Special meetings – Chairman
  
Special Resolution 2.12 –          1,059,490,028           68.19     97.11         2.89     0.05
Special meetings – Members
  
Special Resolution 3 – General     1,059,746,063           68.21     99.96          0.04    0.04
authority to repurchase shares



* As a percentage to the total number of PPC ordinary shares in issue, being 1 553 764 624
** As a percentage to the total number of shares voted at the AGM, being 1 060 292 232,

Dunkeld
6 September 2023
Sponsor


Questco Corporate Advisory Proprietary Limited


Financial Communications Advisor:
Instinctif Partners
Louise Fortuin
Mobile: +27 71 605 4294

Date: 06-09-2023 03:00:00
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