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EFFICIENT GROUP LIMITED - Results of Annual General Meeting

Release Date: 21/02/2018 11:46
Code(s): EFG     PDF:  
Wrap Text
Results of Annual General Meeting

EFFICIENT GROUP LIMITED
Incorporated in the Republic of South Africa
(Registration number 2006/036947/06)
Share code: EFG ISIN: ZAE000151841
(“EFG” or “the Company”)


RESULTS OF ANNUAL GENERAL MEETING


Shareholders are advised that, at the annual general meeting of EFG held on 20 February 2018, all the
resolutions as set out in the notice of annual general meeting were passed by the requisite majority of
shareholders.

The number of shares voted in person or by proxy was 69 406 226, representing 76.61% of the total issued
share capital of the same class of EFG shares.
The resolutions proposed at the meeting, as well as the percentage of votes carried for and against each
resolution, together with the percentage of shares abstained, are set out below:

                                                                % of votes     % of votes
                                                           carried for the    against the    % of shares
 Resolution                                                     resolution     resolution      abstained
 
Ordinary resolution number 1: Adoption of audited                     100%              -         0.00%*
consolidated annual financial statements

Ordinary resolution number 2: Re-election of                          100%               -        0.00%*
Babalwa Ngonyama as a non-executive director

Ordinary resolution number 3: Re-election of Ockert                   100%               -       20.02%
Goosen as a non-executive director

Ordinary resolution number 4: Election of Ian                         100%               -       20.02%
Groenewald as an alternate director to Ockert Goosen

Ordinary resolution number 5: Appointment of                          100%                -       0.00%*
Stephen Rushton as a non-executive director

Ordinary resolution number 6: Re-appointment of                     99.01%             0.99%      0.03%
KPMG Inc. as Independent auditors of the Company

Ordinary resolution number 7: Re-appointment of                       100%                -       0.00%*
Joe Rosen as member of the audit and risk committee

Ordinary resolution number 8: Re-appointment of                       100%                -       0.00%*
Babalwa Ngonyama as member of the audit and risk                     
committee

Ordinary resolution number 9: Re-appointment of                       100%                -       0.00%*
Zee Cele as member of the audit and risk committee

Ordinary resolution number 10: Placement of                           100%                -       0.00%*
authorised but unissued shares under the directors’                  
control

Ordinary resolution number 11: General authority to                   100%             0.00%*     0.00%*
issue ordinary shares, for cash

Ordinary resolution number 12: Endorsement of the                     100%             0.00%*     0.00%*
Company’s remuneration policy

Ordinary resolution number 13: Implementation of                      100%             0.00%*     0.00%*
the remuneration policy
 
Ordinary resolution number 14: Authority for                          100%                -       0.00%*
directors or Company Secretary to implement                       
resolutions

Special resolution number 1: General authority to                     100%                -       0.00%*
repurchase shares

Special resolution number 2: Approval of non-                         100%                -       0.00%*
executive directors’ fees

Special resolution number 3: General authority to                   99.97%            0.03%       0.00%*
provide financial assistance

Special resolution number 4.1: Increase the                          100%                -       0.00%*
aggregate number of scheme shares under the                        
existing scheme

Special resolution number 4.2: Increase the                          100%                -       0.00%*
aggregate number of scheme shares to be awarded to                   
any participant under the existing scheme

*Rounded to two decimal places.

Johannesburg
21 February 2018

Sponsor
Merchantec Capital

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