ELB GROUP LIMITED - Results of the Annual General Meeting 2019

Results of the Annual General Meeting 2019

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 2019

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, 21 November 2019.

ELB has 32 502 894 ordinary shares in issue of which 20 944 107 were voted in person or by proxy at the
AGM, representing 64%.

Resolutions                                                              Votes       Votes      Abstained
                                                    Shares voted
                                                                          For       Against
                                                  Number       % (1)     % (2)       % (2)         % (1)
Ordinary Resolutions
Ordinary resolution number 1.3:                   20 944 007    64.44      91.80         8.20           0.00
Re-appointment of KPMG Inc. as the
independent external auditors of the
Company with Mr F von Eckardstein as
the designated auditor.
Re-election of directors
Ordinary resolution number 1.4:                   20 944 007    64.44     100.00         0.00           0.00
Re-election of Dr. SJ Meijers as an
executive director.
Ordinary resolution number 1.5:                   20 944 007    64.44     100.00         0.00           0.00
Re-election of Mr MC Easter as an
executive director.
Ordinary resolution number 1.6:                   20 944 007    64.44     100.00         0.00           0.00
Re-election of Dr. JP Herselman as an
independent non-executive director.
Ordinary resolution number 1.7:                   20 944 007    64.44     100.00         0.00           0.00
Re-election of Ms. RS Nkabinde as an
independent non-executive director.
Re-election of members of the Audit
and Risk Committee:
Ordinary resolution number 1.8:                   20 944 007    64.44     100.00         0.00           0.00
Re-election of Mr. IAR Thomson as
Chairman and a member of the Audit and
Risk Committee.
Ordinary resolution number 1.9:                   20 944 007    64.44     100.00         0.00           0.00
Re-election of Mr. T de Bruyn as a
member of the Audit and Risk Committee.
Ordinary resolution number 1.10:                  20 944 007    64.44     100.00         0.00           0.00
Re-election of Dr. JP Herselman as a
member of the Audit and Risk Committee.
Ordinary resolution number 1.11:                  20 944 007    64.44     100.00         0.00           0.00
Re-election of Ms B Makhunga as a
member of the Audit and Risk Committee.
Approval of the Company’s
remuneration policy and
implementation report
Ordinary resolution number 1.12:                  20 919 007    64.36      87.81        12.19           0.08
Non-binding advisory vote in respect of
the Company’s remuneration policy.
Ordinary resolution number 1.13:                  20 918 935    64.36      95.98         4.02           0.08
Non-binding advisory vote in respect of   
the Company’s remuneration
implementation report.
Special Resolutions:
Special resolution number 2.1:                    20 919 007    64.36     100.00         0.00           0.08
General authority to provide financial  
assistance to related and inter-related
companies.
Special resolution number 2.2:                    20 919 007    64.36      87.81        12.19           0.08
Approval of financial assistance in
connection with the acquisition of shares,
options or other securities.
Special resolution number 2.3:                    20 078 568    61.77     100.00         0.00           2.66
Approval of the non-executive directors’ 
remuneration for the calendar years
ending 31 December 2019 and 2020.
Special resolution number 2.4:                    20 919 007    64.36     100.00         0.00          0.08
General authority to repurchase shares.


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



Boksburg
21 November 2019

Sponsor
Questco Corporate Advisory (Pty) Ltd

Date: 21/11/2019 05:17:00
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