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Report on proceedings at the 2026 Annual General Meeting and CFO transition
Pick n Pay Stores Limited
Incorporated in the Republic of South Africa
Registration number: 1968/008034/06
JSE and A2X share code: PIK
ISIN code: ZAE000005443
("Pick n Pay" or "the Company")
REPORT ON PROCEEDINGS AT THE 2026 ANNUAL GENERAL MEETING AND CFO TRANSITION
1. REPORT ON PROCEEDINGS AT THE 2026 ANNUAL GENERAL MEETING
Shareholders are advised that, at the 58th Annual General Meeting (AGM) of Pick n Pay held today, 6 August 2026, all the ordinary and special resolutions
proposed at the AGM were approved by the requisite majority of votes.
The following information is provided:
Number of issued ordinary shares 745 657 130
Number of treasury shares (not voted) 1 476 480
Number of ordinary shares capable of being voted at the AGM 744 180 650
Number of issued B ordinary shares capable of being voted at the AGM 220 239 885
(excluding 105 186 279 unstapled B ordinary shares to be cancelled)
Total number of shares capable of being voted at the AGM 964 420 535
Total number of issued shares (excluding unstapled B ordinary shares to be 965 897 015
repurchased cancelled; and therefore not voted)(1)
Total number of shares present/represented at the AGM, including proxies
Number of ordinary shares present/represented at the AGM, including proxies 610 059 166
Number of B ordinary shares present/represented at the AGM, including proxies 220 239 885
Percentage of total issued shares represented at the AGM
Percentage of total issued ordinary shares represented at the AGM 81.81%
Percentage of total issued B ordinary shares represented at the AGM 100.00%
Abbreviations: Ordinary shares (Ord)
B ordinary shares (B Ord)
The results of voting at the AGM are as follows:
Shareholder Resolutions Votes cast disclosed as Votes cast disclosed as a Number of Shares voted Shares
a percentage of the percentage of the Ord and shares voted at the at the AGM abstained
total number of shares B Ord shares voted at the AGM AGM disclosed as a disclosed as a
voted at the AGM percentage of percentage of
total issued total issued
shares(1) shares(1)
% FOR % AGAINST % FOR % AGAINST NUMBER % %
Ordinary resolution number 1: 95.82 4.18 94.31 Ord 5.69 Ord 610 024 126 Ord 81.81 Ord 0.00 Ord
Reappointment of external 100.00 B Ord 0.00 B Ord 220 239 885 B Ord 100.00 B Ord 0.00 B Ord
auditors
Ordinary resolution number 2.1: 98.88 1.12 98.47 Ord 1.53 Ord 610 024 126 Ord 81.81 Ord 0.00 Ord
Re-election of James Formby as 100.00 B Ord 0.00 B Ord 220 239 885 B Ord 100.00 B Ord 0.00 B Ord
an independent non-executive
director
Ordinary resolution number 2.2: 99.99 0.01 99.99 Ord 0.01 Ord 610 023 726 Ord 81.81 Ord 0.00 Ord
Election of Thabo Leeuw as an 100.00 B Ord 0.00 B Ord 220 239 885 B Ord 100.00 B Ord 0.00 B Ord
independent non-executive
director
Ordinary resolution number 2.3: 99.99 0.01 99.99 Ord 0.01 Ord 610 023 726 Ord 81.81 Ord 0.00 Ord
Election of Grant Pattison as an 100.00 B Ord 0.00 B Ord 220 239 885 B Ord 100.00 B Ord 0.00 B Ord
independent non-executive
director
Ordinary resolution number 2.4: 99.91 0.09 99.87 Ord 0.13 Ord 610 023 726 Ord 81.81 Ord 0.00 Ord
Election of Tina Rookledge as an 100.00 B Ord 0.00 B Ord 220 239 885 B Ord 100.00 B Ord 0.00 B Ord
executive director
Ordinary resolution number 2.5: 95.64 4.36 94.07 Ord 5.93 Ord 610 025 185 Ord 81.81 Ord 0.00 Ord
Re-election of Gareth Ackerman 100.00 B Ord 0.00 B Ord 220 239 885 B Ord 100.00 B Ord 0.00 B Ord
as a non-executive director
Ordinary resolution number 2.6: 96.11 3.89 94.70 Ord 5.30 Ord 610 025 185 Ord 81.81 Ord 0.00 Ord
Re-election of Jonathan 100.00 B Ord 0.00 B Ord 220 239 885 B Ord 100.00 B Ord 0.00 B Ord
Ackerman as a non-executive
director
Ordinary resolution number 2.7: 99.36 0.64 99.13 Ord 0.87 Ord 610 024 126 Ord 81.81 Ord 0.00 Ord
Re-election of Haroon Bhorat as 100.00 B Ord 0.00 B Ord 220 239 885 B Ord 100.00 B Ord 0.00 B Ord
an independent non-executive
director
Ordinary resolution number 3.1: 75.79 24.21 67.04 Ord 32.96 Ord 610 023 726 Ord 81.81 Ord 0.00 Ord
Appointment of Aboubakar 100.00 B Ord 0.00 B Ord 220 239 885 B Ord 100.00 B Ord 0.00 B Ord
Jakoet as a member of the
Audit, Risk and Compliance
Committee
Ordinary resolution number 3.2: 99.97 0.03 99.96 Ord 0.04 Ord 610 023 726 Ord 81.81 Ord 0.00 Ord
Appointment of Pooven Viranna 100.00 B Ord 0.00 B Ord 220 239 885 B Ord 100.00 B Ord 0.00 B Ord
as a member of the Audit, Risk
and Compliance Committee
Ordinary resolution number 3.3: 99.93 0.07 99.90 Ord 0.10 Ord 610 023 726 Ord 81.81 Ord 0.00 Ord
Appointment of Haroon Bhorat 100.00 B Ord 0.00 B Ord 220 239 885 B Ord 100.00 B Ord 0.00 B Ord
as a member of the Audit, Risk
and Compliance Committee
Ordinary resolution number 3.4: 99.99 0.01 99.99 Ord 0.01 Ord 610 023 726 Ord 81.81 Ord 0.00 Ord
Appointment of Thabo Leeuw 100.00 B Ord 0.00 B Ord 220 239 885 B Ord 100.00 B Ord 0.00 B Ord
as a member of the Audit, Risk
and Compliance Committee
Ordinary resolution number 3.5: 99.95 0.05 99.93 Ord 0.07 Ord 610 023 726 Ord 81.81 Ord 0.00 Ord
Appointment of Grant Pattison 100.00 B Ord 0.00 B Ord 220 239 885 B Ord 100.00 B Ord 0.00 B Ord
as a member of the Audit, Risk
and Compliance Committee
Ordinary resolution number 4.1: 98.06 1.94 97.36 Ord 2.64 Ord 610 024 785 Ord 81.81 Ord 0.00 Ord
Appointment of Suzanne 100.00 B Ord 0.00 B Ord 220 239 885 B Ord 100.00 B Ord 0.00 B Ord
Ackerman as a member of the
Social, Ethics and
Transformation Committee
Ordinary resolution number 4.2: 96.41 3.59 95.11 Ord 4.89 Ord 610 024 785 Ord 81.81 Ord 0.00 Ord
Appointment of Jonathan 100.00 B Ord 0.00 B Ord 220 239 885 B Ord 100.00 B Ord 0.00 B Ord
Ackerman as a member of the
Social, Ethics and
Transformation Committee
Ordinary resolution number 4.3: 99.97 0.03 99.96 Ord 0.04 Ord 610 023 726 Ord 81.81 Ord 0.00 Ord
Appointment of Pooven Viranna 100.00 B Ord 0.00 B Ord 220 239 885 B Ord 100.00 B Ord 0.00 B Ord
as a member of the Social,
Ethics and Transformation
Committee
Ordinary resolution number 4.4: 99.94 0.06 99.92 Ord 0.08 Ord 610 023 726 Ord 81.81 Ord 0.00 Ord
Appointment of Haroon Bhorat 100.00 B Ord 0.00 B Ord 220 239 885 B Ord 100.00 B Ord 0.00 B Ord
as a member of the Social,
Ethics and Transformation
Committee
Ordinary resolution number 4.5: 99.97 0.03 99.96 Ord 0.04 Ord 610 023 726 Ord 81.81 Ord 0.00 Ord
Appointment of Annamarie van 100.00 B Ord 0.00 B Ord 220 239 885 B Ord 100.00 B Ord 0.00 B Ord
der Merwe as a member of the
Social, Ethics and
Transformation Committee
Ordinary resolution number 4.6: 99.99 0.01 99.99 Ord 0.01 Ord 610 023 726 Ord 81.81 Ord 0.00 Ord
Appointment of Thabo Leeuw 100.00 B Ord 0.00 B Ord 220 239 885 B Ord 100.00 B Ord 0.00 B Ord
as a member of the Social,
Ethics and Transformation
Committee
Ordinary resolution number 5.1: 86.40 13.60 80.70 Ord 19.30 Ord 525 391 167 Ord 70.46 Ord 11.35 Ord
Approval of the Remuneration 100.00 B Ord 0.00 B Ord 220 239 885 B Ord 100.00 B Ord 0.00 B Ord
Policy
Ordinary resolution number 5.2: 82.71 17.29 76.47 Ord 23.53 Ord 609 983 726 Ord 81.80 Ord 0.01 Ord
Approval of the Remuneration 100.00 B Ord 0.00 B Ord 220 239 885 B Ord 100.00 B Ord 0.00 B Ord
Report
Ordinary resolution number 6: 98.81 1.19 98.39 Ord 1.61 Ord 610 005 469 Ord 81.81 Ord 0.01 Ord
General authority to repurchase 100.00 B Ord 0.00 B Ord 220 239 885 B Ord 100.00 B Ord 0.00 B Ord
Pick n Pay shares
Special resolution number 1: 98.57 1.43 98.05 Ord 1.95 Ord 609 979 142 Ord 81.80 Ord 0.01 Ord
Directors' fees for the 2027 and 100.00 B Ord 0.00 B Ord 220 239 885 B Ord 100.00 B Ord 0.00 B Ord
2028 annual financial periods
Special resolution number 2: 99.99 0.01 99.99 Ord 0.01 Ord 610 025 726 Ord 81.81 Ord 0.00 Ord
Repurchase and cancellation of 100.00 B Ord 0.00 B Ord 220 239 885 B Ord 100.00 B Ord 0.00 B Ord
unstapled B shares
(1)The percentages reflected in the table exclude the 105 186 279 unstapled B Ordinary shares which carried no vote at the AGM and which shareholders resolved to repurchase and
cancel in terms of special resolution number 2.
2. Director Fees for the 2027 financial year
Notwithstanding the approval by shareholders at the AGM held today of a 4% increase in non-executive directors' fees, under Special resolution number 1,
the Board has resolved to waive the approved increase. Accordingly, non-executive directors' fees for the 2027 financial year will remain unchanged from
the previous financial year.
3. Retirement of Chief Finance Officer and appointment of successor
In accordance with paragraph 6.71 of the JSE Limited ("JSE") Listings Requirements, shareholders are advised that Ms Lerena Olivier will retire as Chief
Finance Officer and Executive Director of Pick n Pay with effect from 6 August 2026, following the conclusion of the Company's 2026 Annual General
Meeting.
The Board thanks Ms Olivier for her significant contribution to the Company and the Pick n Pay Group during her tenure, and wishes her well in her
future endeavours.
Shareholders are further advised that Ms Tina Rookledge has been appointed as Chief Finance Officer and Executive Director of Pick n Pay, with effect
from 6 August 2026. Ms Rookledge joined the Group with effect from 1 February 2026, as part of the Group's planned leadership succession process.
Ms Rookledge is a qualified Chartered Accountant (South Africa) and has extensive financial, operational and leadership experience, gained across large
listed and multinational organisations. The Board is confident that Ms Rookledge's experience and leadership will support the continued execution of
the Group's strategic priorities and the ongoing turnaround and long-term growth of the business.
The Board welcomes Ms Rookledge to the Board and wishes her every success in her new role.
In compliance with paragraphs 6.73 and 6.74 of the JSE Listings Requirements, the Board confirms that it has conducted the requisite fit and proper
assessment for Ms Rookledge and further confirms that there are no matters requiring disclosure in relation to the integrity information contained in
the director's declaration completed by Ms Rookledge in terms of Schedule 1 of the JSE Listings Requirements.
By order of the Board
Cape Town
6 August 2026
Sponsor: RAND MERCHANT BANK (a division of FirstRand Bank Limited)
Date: 06-08-2026 04:03:00
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