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THE PIVOTAL FUND LIMITED - Results of annual general meeting

Release Date: 31/10/2016 17:20
Code(s): PIV     PDF:  
 
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Results of annual general meeting

THE PIVOTAL FUND LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2005/030215/06)
JSE share code: PIV  ISIN: ZAE000196440
(“Pivotal”)


RESULTS OF ANNUAL GENERAL MEETING


Shareholders are advised that at the annual general meeting of shareholders held on Monday, 31 October 2016 (in terms of the
notice of annual general meeting dispatched to shareholders on 31 August 2016), all of the resolutions tabled thereat other than
ordinary resolution number 10, the general authority to issue shares for cash, were passed by the requisite majority of Pivotal
shareholders.

Details of the results of voting at the annual general meeting are as follows:

-   total number of Pivotal shares that could have been voted at the annual general meeting: 329 187 661.
-   total number of Pivotal shares that were present/represented at the annual general meeting: 211 412 501 being 64% of total
    number of Pivotal shares that could have been voted at the annual general meeting.


To consider the presentation of the annual financial statements for the year ended 29 February 2016

Shares voted*                    For                                  Against                         Abstentions^

210 969 291                      210 969 291, being 100%              -                               443 210, being 0.13464%

Ordinary Resolution 1: Confirmation of the appointment of Saki Macozoma as independent chairman of the company

Shares voted*                    For                                  Against                         Abstentions^

210 969 291                      210 969 291, being 100%              -                               443 210, being 0.13464%

Ordinary Resolution 2: Re-election of Tony Dixon as a director of the company

Shares voted*                    For                                  Against                         Abstentions^

210 969 291                      210 969 291, being 100%              -                               443 210, being 0.13464%

Ordinary Resolution 3: Re-election of Chris Ewing as a director of the company

Shares voted*                    For                                  Against                         Abstentions^

210 969 291                      210 969 291, being 100%              -                               443 210, being 0.13464%

Ordinary Resolution 4: Re-appointment of auditors

Shares voted*                    Shares voted*                        Against                         Abstentions^

210 969 291                      210 969 291, being 100%              -                               443 210, being 0.13464%

Ordinary Resolution 5: Appointment of Tony Dixon as chairman and member to the audit and risk committee

Shares voted*                    For                                  Against                         Abstentions^

210 969 291                      210 969 291, being 100%              -                               443 210, being 0.13464%

Ordinary Resolution 6: Appointment of Tom Wixley as a member to the audit and risk committee

Shares voted*                    For                                  Against                         Abstentions^

210 969 291                      210 969 291, being 100%              -                               443 210, being 0.13464%
Ordinary Resolution 7: Appointment of Chris Ewing as a member to the audit and risk committee

Shares voted*                   For                                  Against                       Abstentions^

210 969 291                     210 969 291, being 100%              -                             443 210, being 0.13464%

Ordinary Resolution 8: Endorsement of remuneration philosophy

Shares voted*                   For                                  Against                       Abstentions^

210 969 291                     167 025 098, being 79.17034%         43 944 193, being 20.82966%   443 210, being 0.13464%

Ordinary Resolution 9: Unissued shares placed under the control of the directors

Shares voted*                   For                                  Against                       Abstentions^

210 969 291                     143 831 983, being 68.17674%         67 137 308, being 31.82326%   443 210, being 0.13464%

Ordinary Resolution 10: General authority to issue shares for cash

Shares voted*                   For                                  Against                       Abstentions^

210 969 291                     154 451 390, being 73.21037%         56 517 901, being 26.78963%   443 210, being 0.13464%

Ordinary Resolution 11: Authority to action

Shares voted*                   For                                  Against                       Abstentions^

210 969 291                     202 924 085, being 96.18655%         8 045 206, being 3.81345%     443 210, being 0.13464%

Special Resolution 1: Remuneration of non-executive directors

Shares voted*                   For                                  Against                       Abstentions^

210 969 291                     210 969 291, being 100%              -                             443 210, being 0.13464%

Special Resolution 2: Financial assistance to related and inter-related companies

Shares voted*                   For                                  Against                       Abstentions^

210 969 291                     210 969 291, being 100%              -                             443 210, being 0.13464%

Special Resolution 3: Authority to repurchase shares by the company

Shares voted*                   For                                  Against                       Abstentions^

210 969 291                        198 394 161, being 94.03936%       12 575 130, being 5.96064%   443 210, being 0.13464%
*excluding abstentions
^ in relation to the shares that were present/represented at the annual general meeting

31 October 2016


Sponsor
Java Capital

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