ADAPT IT HOLDINGS LIMITED - Results of Annual General Meeting

Results of Annual General Meeting

Adapt IT Holdings Limited
Incorporated in the Republic of South Africa
(Registration number 1998/017276/06)
Share code: ADI ISIN: ZAE000113163
(“Adapt IT” or “the company” or “the group”)


RESULTS OF ANNUAL GENERAL MEETING



Shareholders are advised that, at the annual general meeting of Adapt IT held today, all the resolutions
as set out in the notice of annual general meeting, except for “Special resolution number 4: Loans or
other financial assistance to directors” which was withdrawn at the annual general meeting, were passed
by the requisite majority of shareholders.
The number of shares voted in person or by proxy was 64 273 061, representing 40.04% of the total
issued share capital of the same class of Adapt IT shares.
The resolutions proposed at the meeting, together with the percentage of shares abstained, as well as
the percentage of votes carried for and against each resolution, are set out below:

                                                               % of votes
                                                               carried for     % of votes
                                                                      the      against the    % of shares
Resolution                                                     resolution       resolution     abstained
Special resolution 1: Approval of non-executive directors’
fees                                                               99.01            0.99            0.14
Special resolution 2: General approval to acquire own
shares                                                             99.71            0.29            0.11
Special resolution 3: Loans or other financial assistance to
related companies                                                  99.92            0.08            0.14
Ordinary resolution 1: To receive, consider and adopt the
annual financial statements of the company and group for
the financial year ended 30 June 2018                              99.99            0.01            0.12
Ordinary resolution 2: Re-election of director
– Ms C Koffman                                                     99.98            0.02            0.12
Ordinary resolution 3: Re-election of director
– Mr O Fortuin                                                     99.97            0.03            0.12
Ordinary resolution 4: Re-appointment of Ms B Ntuli to the
Audit and Risk Committee                                           94.43            5.57            0.12
Ordinary resolution 5: Re-appointment of Mr O Fortuin to
the Audit and Risk Committee                                       99.98            0.02            0.12
Ordinary resolution 6: Re-appointment of Ms C Koffman
to the Audit and Risk Committee                                    99.98            0.02            0.12
Ordinary resolution 7: Re-appointment of the Independent
Registered Auditor                                                 99.99            0.01            0.12
Ordinary resolution 8: Non-binding advisory endorsement
of the Remuneration Policy                                         80.18           19.82            0.60
 Ordinary resolution 9: Non-binding advisory endorsement
 of the Implementation Report                                  85.85   14.15   0.60
 Ordinary resolution 10: Approval to issue ordinary shares,
 and to sell treasury shares, for cash                         85.84   15.16   0.13
 Ordinary resolution 11: Signature of documents               100.00    0.00   0.13




Johannesburg
23 November 2018

Sponsor
Merchantec Capital

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