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Report on proceedings at the annual general meeting
SABVEST CAPITAL LIMITED
(Incorporated in South Africa)
(Registration number 2020/030059/06)
JSE share code: SBP
ZAE000283511
("Sabcap")
REPORT ON PROCEEDINGS AT THE ANNUAL GENERAL MEETING
Shareholders are advised that, at the annual general meeting ("AGM" or "the meeting") of the shareholders of Sabcap held electronically today, 21 May 2025, all the
ordinary and special resolutions proposed at the meeting were approved by the requisite majority of votes. The following information is provided in compliance with the
JSE Listings Requirements:
Total number of Sabcap shares in issue 38 370 000
Total number of votes exercisable by the ordinary shares ("Ord shares") 37 650 000
Total number of votes exercisable by the Z share ("Z share")* 39 325 425
Total number of votes exercisable at the meeting 76 975 425
*The Z share is entitled to exercise votes equal to 104.45% of the voting rights of all the issued Ord shares on a poll.
Details of voting results:
Votes held by
Votes cast disclosed as a percentage in shares voted as a Shares abstained
relation to the total number of votes held percentage in disclosed as a
by shares voted at the meeting relation to the percentage in
Number of shares total votes of all relation to the total
Resolutions For Against voted issued shares issued shares
Ordinary Resolutions
1 – Re-election of directors retiring by rotation
1.1 – Re-election of executive director – 99.92% Ord shares 0,08% Ord shares 21 100 270 Ord shares 27.41% Ord shares 0.1% Ord shares
Mr CS Seabrooke 100% Z share 0% Z share 39 325 425 Z share 51.09% Z share 0% Z share
1.2 – Re-election of executive director – 99.92% Ord shares 0,08% Ord shares 21 100 270 Ord shares 27.41% Ord shares 0.1% Ord shares
Mr K De Matteis 100% Z share 0% Z share 39 325 425 Z share 51.09% Z share 0% Z share
1.3 – Re-election of non-executive director – 99.92% Ord shares 0,08% Ord shares 21 100 270 Ord shares 27.41% Ord shares 0.1% Ord shares
Dr L Mthimunye 100% Z share 0% Z share 39 325 425 Z share 51.09% Z share 0% Z share
2 – Re-appointment of the independent external auditor 99.92% Ord shares 0,08% Ord shares 21 100 270 Ord shares 27.41% Ord shares 0.1% Ord shares
100% Z share 0% Z share 39 325 425 Z share 51.09% Z share 0% Z share
3 – Election of the members of the Audit Committee
3.1 – Re-election of Dr L Mthimunye 99.92% Ord shares 0,08% Ord shares 21 100 270 Ord shares 27.41% Ord shares 0.1% Ord shares
100% Z share 0% Z share 39 325 425 Z share 51.09% Z share 0% Z share
3.2 – Re-election of Mrs O Ighodaro 99.92% Ord shares 0,08% Ord shares 21 100 270 Ord shares 27.41% Ord shares 0.1% Ord shares
100% Z share 0% Z share 39 325 425 Z share 51.09% Z share 0% Z share
3.3 – Re-election of Mr BJT Shongwe 95.93% Ord shares 4.07% Ord shares 21 100 270 Ord shares 27.41% Ord shares 0.1% Ord shares
100% Z share 0% Z share 39 325 425 Z share 51.09% Z share 0% Z share
4 – Election of the members of the Social, Ethics and
Transformation Committee
4.1 – Re-election of Mr BJT Shongwe 99.89% Ord shares 0.11% Ord shares 21 105 270 Ord shares 27.42% Ord shares 0.1% Ord shares
100% Z share 0% Z share 39 325 425 Z share 51.09% Z share 0% Z share
4.2 – Re-election of Mrs O Ighodaro 99.89% Ord shares 0.11% Ord shares 21 105 270 Ord shares 27.42% Ord shares 0.1% Ord shares
100% Z share 0% Z share 39 325 425 Z share 51.09% Z share 0% Z share
4.3 – Re-election of Mr K Pillay 99.89% Ord shares 0.11% Ord shares 21 105 270 Ord shares 27.42% Ord shares 0.1% Ord shares
100% Z share 0% Z share 39 325 425 Z share 51.09% Z share 0% Z share
4.4 – Re-election of Dr L Mthimunye 99.89% Ord shares 0.11% Ord shares 21 105 270 Ord shares 27.42% Ord shares 0.1% Ord shares
100% Z share 0% Z share 39 325 425 Z share 51.09% Z share 0% Z share
4.5 – Re-election of Mr CS Seabrooke 99.92% Ord shares 0.08% Ord shares 21 105 270 Ord shares 27.42% Ord shares 0.1% Ord shares
100% Z share 0% Z share 39 325 425 Z share 51.09% Z share 0% Z share
5 – Non-binding advisory vote on Remuneration 99.92% Ord shares 0.08% Ord shares 21 100 270 Ord shares 27.41% Ord shares 0.1% Ord shares
Policy 100% Z share 0% Z share 39 325 425 Z share 51.09% Z share 0% Z share
6 – Non-binding advisory vote on Remuneration 95.73% Ord shares 4.27% Ord shares 20 137 991 Ord shares 26.16% Ord shares 2.6% Ord shares
Implementation Report 100% Z share 0% Z share 39 325 425 Z share 51.09% Z share 0% Z share
7 – Authority to sign all documents required 99.92% Ord shares 0,08% Ord shares 21 100 270 Ord shares 27.41% Ord shares 0.1% Ord shares
100% Z share 0% Z share 39 325 425 Z share 51.09% Z share 0% Z share
Special Resolutions
1 – Approval of proposed non-executive 99.92% Ord shares 0,08% Ord shares 21 100 270 Ord shares 27.41% Ord shares 0.1% Ord shares
directors' remuneration for the year 100% Z share 0% Z share 39 325 425 Z share 51.09% Z share 0% Z share
ending 31 December 2025
2 – General authority to repurchase shares 99.92% Ord shares 0,08% Ord shares 21 100 270 Ord shares 27.41% Ord shares 0.1% Ord shares
100% Z share 0% Z share 39 325 425 Z share 51.09% Z share 0% Z share
The special resolution/s will, where necessary, be filed with the Companies and Intellectual Property Commission in due course.
Sandhurst
21 May 2025
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 21-05-2025 03:07:00
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