DENEB INVESTMENTS LIMITED - Results of the Annual General Meeting

Results of the Annual General Meeting

DENEB INVESTMENTS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2013/091290/06)
Share code: DNB
ISIN: ZAE000197398
(“Deneb” or the “Company”)

RESULTS OF THE ANNUAL GENERAL MEETING

Shareholders are hereby advised that at the annual general meeting of the Company held at 09:00 today,
Monday, 22 October 2018 at the offices of Hosken Consolidated Investments, Suite 801, 76 Regent
Road, Sea Point (“AGM”), all of the resolutions were passed by the requisite majority of the Company’s
shareholders.

                                          Votes for        Votes against
                                                                                                              Number of
                                          resolution as    resolution as                    Number of
                                                                                                              shares
                                          a percentage     a percentage     Number of       shares voted at
                                                                                                              abstained as a
 Resolutions proposed at the AGM          of total         of total         shares voted    AGM as a
                                                                                                              percentage of
                                          number of        number of        at AGM          percentage of
                                                                                                              shares in
                                          shares voted     shares voted                    shares in issue
                                                                                                              issue
                                          at AGM           at AGM

Ordinary resolution number 1:
Retirement and re-election of
directors
1.1 Mr MH Ahmed                              100.0%             -          367 453 019        85.14%            0.01%
1.2 Mr JA Copelyn                            100.0%             -          367 453 019        85.14%            0.01%
 
Ordinary resolution number 2:
Re-appointment of auditor:                   100.0%             -          367 453 019        85.14%            0.01%
PricewaterhouseCoopers Inc

Ordinary resolution number 3:
Re-appointment of audit committee:
3.1 Mr MH Ahmed                              100.0%             -          367 453 019        85.14%            0.01%
3.2 Ms NB Jappie                             100.0%             -          367 453 019        85.14%            0.01%
3.3 Ms RD Watson                             100.0%             -          367 453 019        85.14%            0.01%
 
Ordinary resolution number 4:
General authority over authorised            98.83%          1.17%         367 453 019        85.14%            0.01%
but unissued shares

Ordinary resolution number 5:
Directors’ authority to implement            100.0%             -          367 453 019        85.14%            0.01%
Company resolutions

Non-binding advisory vote 1: Non-
binding advisory endorsement of              99.84%          0.16%         367 453 019        85.14%            0.01%
remuneration policy

Non-binding advisory vote 2: Non-
binding advisory endorsement of              99.84%          0.16%         367 453 019        85.14%            0.01%
remuneration implementation report
 
Special resolution number 1:
General authority to issue shares,
options and convertible securities for       98.83%          1.17%         367 453 019        85.14%            0.01%
cash
 
Special resolution number 2:
Approval of annual fees to be paid to        100.0%             -          367 453 019        85.14%            0.01%
non-executive directors
 
Special resolution number 3:
General authority to repurchase              100.0%             -          367 453 019        85.14%            0.01%
Company shares
 
Special resolution number 4:
General authorisation of financial           100.0%             -          367 453 019        85.14%            0.01%
assistance

Note: Total number of shares in issue as at the date of the AGM was 431,578,595.

Cape Town
22 October 2018

Sponsor
PSG Capital

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