MONTAUK HOLDINGS LIMITED - Results of Annual General Meeting

Results of Annual General Meeting

MONTAUK HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2010/017811/06)
(Share code: MNK & ISIN: ZAE000197455)
("MNK" or "the company")


RESULTS OF THE ANNUAL GENERAL MEETING


Shareholders are hereby advised that at the annual general meeting of the Company held at
14:00 today, Thursday, 12 September 2019 at the registered offices of the Company, Suite 801,
76 Regent Road, Sea Point (“AGM”), all of the resolutions were passed by the requisite
majorities of the Company’s shareholders.


                             Votes
                                for
                           resoluti        Votes
                            on as a       against                                Number of
                           percent     resolution                                   shares
                             age of           as a                 Number of     abstained
                              total   percentage                      shares            as a
                           number         of total                   voted at   percentage
                                 of    number of     Number of      AGM as a        of total
                            shares        shares        shares    percentage        issued
Resolutions proposed       voted at      voted at      voted at    of votable   exercisable
at the AGM                    AGM           AGM           AGM         shares        shares
Ordinary resolution
number 1:
Retirement, re-election
and confirmation of
appointment of directors
1.1 Mr JA Copelyn          99.66%          0.34%     96 248 853      69.74%          0.00%
1.2 Mr M Ryan              99.87%          0.13%     96 248 853      69.74%          0.00%
1.3 Ms M Jacobson          95.72%          4.28%     96 248 853      69.74%          0.00%
Ordinary resolution
number 2:
Re-appointment of
external auditor           100.0%          0.00%     96 248 853      69.74%          0.00%
Ordinary resolution
number 3:
Re-appointment of
members of the audit
and risk committee:
3.1 Mr MH Ahmed             99.85%         0.15%     96 248 853      69.74%          0.00%
3.2 Ms N Jappie            100.00%         0.00%     96 248 853      69.74%          0.00%
3.3 Mr B Raynor            100.00%         0.00%     96 248 853      69.74%          0.00%
Ordinary resolution
number 4:
General authority over
authorised but unissued
shares                     99.83%      0.17%    96 248 853       69.74%        0.00%
Non-binding advisory
vote 1: Non-binding
advisory vote on the
Company’s
remuneration policy        95.70%      4.30%    96 248 853       69.74%        0.00%
Non-binding advisory
vote 2: Non-binding
advisory vote on the
Company’s
implementation report
on the remuneration
policy                     99.83%      0.17%    96 248 853       69.74%        0.00%
Special resolution
number 1:
General authority to
issue ordinary shares
and options for cash       98.91%      1.09%    96 273 335       69.76%        0.00%
Special number 2:
Approval of annual fees
to be paid to non-
executive directors         100%      0.00%    96 248 853       69.74%         0.0%
Special resolution
number 3:
General authority to
repurchase Company
shares                     88.87%     11.13%    96 248 853       69.74%        0.00%
Special resolution
number 4:
General approval of the
provision of financial
assistance in terms of
Section 44 & Section 45
of the Company’s Act       84.74%     15.26%    96 248 853       69.74%        0.00%
Ordinary resolution
number 5:
Directors’ authority to
implement Company
resolutions                100.00%     0.00%    96 248 853       69.74%        0.00%

Note
Total number of shares in issue as at the date of the AGM is 138 005 099; total number of
shares that can be exercised at the meeting is 138 005 099.
Cape Town
12 September 2019
Sponsor: Investec Bank Limited

Date: 12/09/2019 02:55:00
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