Sharenet Sites 
Sharenet Sites
Report on proceedings at the annual general meeting
SABVEST LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1987/003753/06)
Share code: SBV – ordinary shares / SVN – ‘N’ ordinary shares
ISIN: ZAE000006417 – ordinary shares / ISIN: ZAE000012043 – ‘N’ ordinary shares
("Sabvest” or “the Company”)
REPORT ON PROCEEDINGS AT THE ANNUAL GENERAL MEETING
Shareholders are referred to the announcement released on the Stock Exchange News Service on 20 April 2020 and are advised that, at the
annual general meeting (“AGM” or “the meeting”) of the shareholders of Sabvest held today, 4 May 2020, all the ordinary and special resolutions
proposed at the meeting were approved by the requisite majority of votes. In this regard, the Company confirms the voting statistics from the
AGM as follows:
Shareholders are advised that ordinary resolution 10 and special resolutions 4 and 5 were withdrawn due to the Sabvest Limited delisting taking
place in May 2020.
Total number of shares voted for and against and disclosed as a percentage in relation to the total issued share capital, for all resolutions:
Total issued Total number of Percentage of
share capital shares present or shares voted
represented by proxy
Ordinary shares * 8,487,646,500 5,975,544,000 70.40%
‘N’ ordinary shares * 24,276,919 9,098,506 37.48%
* Each ordinary share has 500 votes and each ‘N’ ordinary share has one vote.
Total number of Total number of Percentage of votes
votes votes present or voted
represented by proxy
Total number of votes 8,511,923,419 5,984,642,506 70.31%
Total number of members present: 8
Total number of abstentions:
Shares voted disclosed as a
Shares abstained percentage in relation to the
Votes carried disclosed as a disclosed as a total issued share capital
percentage in relation to the percentage in
total number of shares voted at relation to the total Ordinary shares (“Ord”)
Resolutions the meeting issued share capital N Ordinary shares (“N Ord”)
For Against
Ordinary resolutions
1. Re-election of Mrs DNM Mokhobo as director 100.00% Ord 0.00% Ord 0.02% Ord 70.38% Ord
100.00% N Ord 0.00% N Ord 0.71% N Ord 36.77% N Ord
2. Re-election of Mr K Pillay as director 99.95% Ord 0.05% Ord 0.02% Ord 70.38% Ord
100.00% N Ord 0.00% N Ord 0.71% N Ord 36.77% N Ord
3. Re-election of Mr R Pleaner as director 100.00% Ord 0.00% Ord 0.02% Ord 70.38% Ord
100.00% N Ord 0.00% N Ord 0.71% N Ord 36.77% N Ord
4. Re-appointment of Deloitte & Touche as 100.00% Ord 0.00% Ord 0.02% Ord 70.38% Ord
independent external auditors 100.00% N Ord 0.00% N Ord 0.71% N Ord 36.77% N Ord
5. Re-election of Audit Committee member - 99.95% Ord 0.05% Ord 0.02% Ord 70.38% Ord
Ms L Mthimunye 100.00% N Ord 0.00% N Ord 0.71% N Ord 36.77% N Ord
6. Re-election of Audit Committee member - 100.00% Ord 0.00% Ord 0.02% Ord 70.38% Ord
Mrs D N M Mokhobo 100.00% N Ord 0.00% N Ord 0.71% N Ord 36.77% N Ord
7. Re-election of Audit Committee member - 100.00% Ord 0.00% Ord 0.02% Ord 70.38% Ord
Mr B J T Shongwe 100.00% N Ord 0.00% N Ord 0.71% N Ord 36.77% N Ord
8. Non-binding endorsement of Remuneration Policy. 100.00% Ord 0.00% Ord 0.02% Ord 70.38% Ord
99.98% N Ord 0.02% N Ord 0.71% N Ord 36.77% N Ord
9. Non-binding endorsement of Remuneration 100.00% Ord 0.00% Ord 0.02% Ord 70.38% Ord
Implementation Report. 99.98% N Ord 0.02% N Ord 0.71% N Ord 36.77% N Ord
10. Placement of 1 million unissued ordinary shares
and all unissued ‘N’ ordinary shares under the WITHDRAWN
control of the directors and general
authority to allot and issue
11. Authority to sign all documents required. 100.00% Ord 0.00% Ord 0.02% Ord 70.38% Ord
100.00% N Ord 0.00% N Ord 0.71% N Ord 36.77% N Ord
Special resolutions
1. Approval of proposed non-executive directors’ 100.00% Ord 0.00% Ord 0.03% Ord 70.38% Ord
remuneration for the year ending 31 December 99.98% N Ord 0.02% N Ord 0.71% N Ord 36.77% N Ord
2020.
2. Authority to provide financial assistance to 100.00% Ord 0.00% Ord 0.03% Ord 70.38% Ord
any group company in terms of Section 45 of the 99.98% N Ord 0.02% N Ord 0.71% N Ord 36.77% N Ord
Companies Act.
3. Authority to provide financial assistance 100.00% Ord 0.00% Ord 0.03% Ord 70.38% Ord
to any group company in terms of Section 44 99.98% N Ord 0.02% N Ord 0.71% N Ord 36.77% N Ord
of the Companies Act.
4. General authority to repurchase shares WITHDRAWN
5. General authority to allot and issue
authorised but unissued securities for cash WITHDRAWN
The special resolutions will, where necessary, be lodged for registration with the Companies and Intellectual Property Commission in due course.
Sandton
4 May 2020
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 04-05-2020 02:31:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
