ELB GROUP LIMITED - Results of the Annual General Meeting

Results of the Annual General Meeting

ELB GROUP LIMITED
Incorporated in the Republic of South Africa
(Registration number 1930/002553/06)
ISIN: ZAE000035101
JSE Code: ELR
(“ELB” or “the Company”)

RESULTS OF THE ANNUAL GENERAL MEETING

ELB is pleased to advise shareholders that all the ordinary and special resolutions set out in the notice of
Annual General Meeting (“AGM”), were passed by the requisite majority of ordinary shareholders at the AGM
held today, 22 November 2018.

ELB has 32 502 894 ordinary shares in issue of which 19 746 951 were voted at the AGM, representing 61%.

Resolutions                                          Shares voted         Votes         Votes        Abstained
                                                                           For         Against
                                                  Number        % (1)     % (2)         % (2)          % (1)

Ordinary resolution number 1.3:                 19 515 751      60.04     95.96         4.04           0.71
Re-appointment of KPMG Inc. as the
independent external auditors of the
Company with Mr F von Eckardstein as
the designated auditor.

Confirmation of directors’                     
appointments:

Ordinary resolution number 1.4:                 19 516 451      60.05      99.99         0.01          0.71
Confirmation of the appointment of Ms
B Makhunga as an independent non-
executive director.

Ordinary resolution number 1.5:                 19 516 451      60.05      99.99         0.01          0.71
Confirmation of the appointment of Ms
R Nkabinde as an independent non-
executive director.

Re-election of directors:
Ordinary resolution number 1.6:                 19 516 451      60.05      99.99         0.01          0.71
Re-election of Mr PJ Blunden as an
executive director.

Ordinary resolution number 1.7:                 19 516 451      60.05      99.99         0.01          0.71
Re-election of Mr CJ Smith as an
executive director.

Ordinary resolution number 1.8:                 19 516 451      60.05      99.99         0.01          0.71
Re-election of Ms B Makhunga as an
independent non-executive director.

Ordinary resolution number 1.9:                 19 516 451      60.05      99.99         0.01          0.71
Re-election of Mr JC van Zyl as an
independent non-executive director.

Re-election of members of the Audit
and Risk Committee:
Ordinary resolution number 1.10:                19 516 451      60.05      99.99         0.01          0.71
Re-election of Mr IAR Thomson as
Chairman and a member of the Audit
and Risk Committee.

Ordinary resolution number 1.11:                19 516 451      60.05      99.99         0.01          0.71
Re-election of Mr T de Bruyn as a
member of the Audit and Risk
Committee.

Ordinary resolution number 1.12:                19 516 451      60.05      87.87        12.13          0.71
Re-election of Dr JP Herselman as a
member of the Audit and Risk
Committee.

Ordinary resolution number 1.13:                19 516 451      60.05      99.99         0.01          0.71
Election of Ms B Makhunga as a
member of the Audit and Risk
Committee.

Ordinary resolution number 1.14:                19 516 451      60.05      87.87        12.13          0.71
Non-binding advisory vote in respect of
the Company’s remuneration policy.

Ordinary resolution number 1.15:                19 516 379      60.05      87.87        12.13          0.71
Non-binding advisory vote in respect of
the Company’s remuneration
implementation report.

Special resolution number 2.1:                  19 516 451      60.05      99.99         0.01          0.71
General authority to provide financial
assistance to related and inter-related
companies.

Special resolution number 2.2:                  18 980 825      58.40      85.93        14.07          2.36
Approval of financial assistance in
connection with the acquisition of
shares, options or other securities.

Special resolution number 2.3:                  18 676 012      57.46      99.99         0.01          3.29
Approval of the non-executive directors’ 
remuneration for the calendar years
ending 31 December 2018 and 2019.

Special resolution number 2.4:                  19 516 451      60.05     100.00         0.00          0.71
General authority to repurchase shares.

Notes:
1. As a percentage of total ordinary shares in issue.
2. As a percentage of shares voted.

Boksburg
22 November 2018

Sponsor
Questco Corporate Advisory (Pty) Ltd

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