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RAND MERCHANT INVESTMENT HOLDINGS LIMITED - Report on proceedings at the annual general meeting

Release Date: 22/11/2018 17:05
Code(s): RMI     PDF:  
 
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Report on proceedings at the annual general meeting

RAND MERCHANT INVESTMENT HOLDINGS LIMITED 
(Incorporated in the Republic of South Africa) 
(Registration number: 2010/005770/06) 
ISIN: ZAE000210688 
JSE ordinary share code: RMI 
("RMI" or "the company") 
 
REPORT ON PROCEEDINGS AT THE ANNUAL GENERAL MEETING 
                          
At the eighth annual general meeting ("AGM" or “meeting”) of the shareholders of RMI held on Wednesday, 21 November 2018, all the ordinary and special resolutions 
proposed at the meeting were approved by the requisite majority of votes. In this regard, RMI confirms the voting statistics from the AGM as follows: 
 
                                                                                                                               Shares voted             Shares abstained 
                                                               Votes cast disclosed as a                                       disclosed as a           disclosed as a 
                                                          percentage in relation to the total                                  percentage in            percentage in 
                                                            number of shares voted at the          Number of              relation to the total    relation to the total 
                                                                       meeting                    shares voted           issued share capital*     issued share capital*

Resolutions                                                    For            Against                                               
Ordinary resolutions                                                                                                                
                                                                                                                                    
Ordinary resolutions number 1.1 to 1.7:                                                                                             
Re-election of directors                                                                                                            
   1.1 Johan Petrus Burger                                   97.94%             2.06%            1 413 194 439                 92.26%                        0.04% 
   1.2 Lauritz Lanser Dippenaar                              99.30%             0.70%            1 413 196 119                 92.26%                        0.04%
   1.3 Paul Kenneth Harris                                   99.28%             0.72%            1 413 196 119                 92.26%                        0.04% 
   1.4 Albertinah Kekana                                     98.79%             1.21%            1 413 193 749                 92.26%                        0.04% 
Vacancies filled during the year                                                                                                              
   1.5 Matsotso Mamongae Mahlare                             99.98%             0.02%            1 413 193 749                 92.26%                        0.04% 
   1.6 Ralph Tendai Mupita                                   99.99%             0.01%            1 413 193 349                 92.26%                        0.04% 
   1.7 James Andrew Teeger                                   99.87%             0.13%            1 413 193 749                 92.26%                        0.04% 
                                                                                                                                              
Advisory endorsement of remuneration policy                  82.62%            17.38%            1 413 022 454                 92.25%                        0.05%
                                                                                                                                              
Advisory endorsement of remuneration implementation 
report                                                       85.42%            14.58%            1 413 022 454                 92.25%                        0.05% 
                                                                                                                                              
Ordinary resolution number 2: Place 5% of the 
authorised ordinary shares under the control of the 
directors                                                    96.11%             3.89%            1 413 225 418                 92.26%                        0.04% 
                                                                                                                              
Ordinary resolution number 3: General authority to issue 
ordinary shares for cash                                     89.53%            10.47%            1 413 225 818                 92.26%                        0.04% 
                                                                                                                               
Ordinary resolution number 4: Approval of re-
appointment of auditor                                       99.93%             0.07%            1 413 276 644                 92.26%                        0.04% 
                                                                                                                               
Ordinary resolutions number 5.1 to 5.4: 
Appointment of the company’s audit and risk committee 
members                                                                                                                 
   5.1 Johan Petrus Burger                                   99.83%             0.17%            1 413 193 749                 92.26%                        0.04% 
   5.2 Sonja Emilia Ncumisa De Bruyn                         99.42%             0.58%            1 413 193 749                 92.26%                        0.04% 
   5.3 Per-Erik Lagerström                                   99.42%             0.58%            1 413 193 749                 92.26%                        0.04% 
   5.4 James Andrew Teeger                                   99.87%             0.13%            1 413 193 749                 92.26%                        0.04% 
                                                                                                                               
Ordinary resolution number 6: Signing authority                100%             0.00%            1 413 340 338                 92.27%                        0.03% 
                                                                                                                               
Special resolutions                                                                                 
                                                                                                                              
Special resolution number 1: Approval of non-executive 
directors’ remuneration with effect from 1 December 
2018                                                          99.88%            0.12%            1 413 253 060                 92.26%                        0.04% 
                                                                                                                               
Special resolution number 2: General authority to 
repurchase company shares                                     99.41%            0.59%            1 413 212 762                 92.26%                        0.04% 
                                                                                                                               
Special resolution number 3: Issue of shares, convertible 
securities and/or options to persons listed in section 
41(1) of the Companies Act for the purposes of their 
participation in a reinvestment option                        99.96%            0.04%            1 413 193 470                 92.26%                        0.04% 
                                                                                                                               
Special resolution number 4: Financial assistance to 
directors, prescribed officers and employee share 
scheme beneficiaries                                          92.29%            7.71%            1 413 216 692                 92.26%                        0.04% 
                                                                                                                               
Special resolution number 5: Financial assistance to 
related and inter-related entities                            99.99%            0.01%            1 413 219 216                 92.26%                        0.04% 
 
*Total issued share capital is 1 531 807 770 ordinary shares. 
 
The special resolutions will, where necessary, be lodged for registration with the Companies and Intellectual Property Commission in due course. 
  
 
Sandton 
22 November 2018 
 
Sponsor 
RAND MERCHANT BANK (A division of FirstRand Bank Limited) 

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