eMEDIA HOLDINGS LIMITED - Results of the Annual General Meeting

Release Date: 23/10/2018 16:55
Code(s): EMN EMH
 
Wrap Text
Results of the Annual General Meeting

eMEDIA HOLDINGS LIMITED
(formerly Seardel Investment Corporation Limited)
(Incorporated in the Republic of South Africa)
Registration number: 1968/011249/06
JSE share code:
Ordinary Shares      EMH      IZIN: ZAE000208898
N ordinary Shares EMN         IZIN: ZAE000209524
("eMEDIA HOLDINGS" or the "GROUP")

RESULTS OF THE ANNUAL GENERAL MEETING


1. INTRODUCTION

  eMedia ordinary shareholders and N-ordinary shareholders (collectively, the "eMedia Shareholders") are
  advised that at the Annual General Meeting (“AGM”) of eMedia held on Monday 22nd October 2018, all the
  resolutions, as set out in the notice of AGM and proposed at the meeting were passed, without
  modification, by the requisite majority of eMedia Shareholders.

2. RESULTS OF THE VOTING AT THE ANNUAL GENERAL MEETING

   The resolutions were voted on as follows:

                                                                  % of
                                                                issued             Number of shares
                                                                 share
                                                               capital

    Total number of shares                         Ords            81%               5 456 305 000
    present/represented                                         
    including proxies at meeting (including      N Ords             5%                 342 296 357
    shares abstained from voting)



                                                                Number of votes (one vote per share)

                                                                     For                Against          Abstain
    ORDINARY RESOLUTIONS

    1.1 Re-election of director: Mr L Govender      Ords       5 410 461 900          45 593 100         250 000
                                                                      99.16%               0.84%              0%

                                                  N Ords         341 262 645             963 696          70 016
                                                                      99.72%               0.28%              0%

    1.2 Re-election of director: Mr TG              Ords       5 410 461 900          45 593 100         250 000
        Govender                                                      99.16%               0.84%              0%
                                                                     
                                                  N Ords         341 262 604             963 737          70 016
                                                                      99.72%               0.28%              0%

    1.3 Re-election of director: Mr A Lee           Ords       5 456 055 000                  -          250 000
                                                                        100%                  0%              0%
                                                                                   
                                                  N Ords         342 226 341                   -          70 016
                                                                        100%                   0%             0%

    1.4 Re-election of director: Mr A van der       Ords       5 456 055 000                   -         250 000
        Veen                                                            100%                   0%             0%
                                                                       
                                                    N Ords       342 226 300                   -          70 057
                                                                        100%                   0%             0%

    1.5 Re-election of director: Mr Y Shaik         Ords       5 410 461 900           45 593 100        250 000
                                                                      99.16%                0.84%             0%

                                                    N Ords       341 262 604              963 696         70 057
                                                                      99.72%                0.28%             0%

    2. Re-appointment of auditor: Grant             Ords       5 410 461 900           45 593 100        250 000
       Thornton Jhb Partnership                                       99.16%                0.84%             0%

                                                    N Ords       341 332 661              963 696              -
                                                                      99.72%                0.28%             0%

    3.1.Appointment of audit committee -            Ords       5 410 461 900           45 593 100        250 000
       Mr L Govender                                                  99.16%                0.84%             0%

                                                    N Ords       341 262 604              963 737         70 016
                                                                      99.72%                0.28%             0%

    3.2 Appointment of audit committee - Mr         Ords       5 456 055 000                  -          250 000
        V E Mphande                                                     100%                   0%             0%
 
                                                    N Ords       342 226 341                  -           70 016
                                                                        100%                   0%             0%

     3.3 Appointment of audit committee -           Ords       5 456 055 000                  -          250 000
         Ms R D Watson                                                  100%                   0%             0%

                                                    N Ords       342 226 341                  -           70 016
                                                                        100%                   0%             0%

     4.   General authority over unissued           Ords       5 138 158 900          317 896 100        250 000
          shares                                                      94.17%                5.83%             0%

                                                   N Ords        331 310 073           10 986 284             -
                                                                      96.79%                3.21%             0%

     5. Directors authority to implement            Ords       5 456 055 000                  -          250 000
        company resolutions                                            100%                    0%             0%

                                                  N Ords         342 296 357                   -               -
                                                                        100%                   0%              0%

     6. Non-binding resolution 1 Advisory           Ords       5 410 461 900           45 593 100        250 000
        endorsement of remuneration policy                            99.16%                0.84%             0%

                                                  N Ords         336 272 952            5 953 389         70 016
                                                                      98.26%                1.74%             0%

      7. Non-binding resolution 2 Advisory          Ords       5 410 461 900           45 593 100        250 000
         endorsement of implementation report                         99.16%                0.84%             0%

                                                  N Ords         339 136 100             3 090 241        70 016
                                                                      99.10%                 0.90%            0%
SPECIAL RESOLUTIONS

      1.   General authority issue shares,          Ords       5 213 044 000           243 011 000       250 000
           options and convertible securities for                     95.55%                 4.45%            0%
           cash
                                                  N Ords         332 273 769            10 022 588            -
                                                                      97.07%                 2.93%            0%

    2.   Approval of annual fees to be paid to      Ords       5 456 055 000                -            250 000
         non- executive directors                                       100%                    0%            0%

                                                  N Ords         339 433 127             2 863 230            -
                                                                      99.16%                 0.84%            0%

    3.   General authority to repurchase         Ords          5 410 461 900            45 593 100       250 000
         company shares                                               99.16%                 0.84%            0%

                                                 N Ords          341 332 620               963 737            -
                                                                      99.72%                 0.28%            0%




23 October 2018
Cape Town

Sponsor and Corporate Adviser
Investec Bank Limited

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