To view the PDF file, sign up for a MySharenet subscription.

REMGRO LIMITED - Report on proceedings at the annual general meeting

Release Date: 30/11/2018 11:20
Code(s): REM     PDF:  
 
Wrap Text
Report on proceedings at the annual general meeting

REMGRO LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1968/006415/06)
ISIN: ZAE000026480
Share code: REM
(“Remgro”)

REPORT ON PROCEEDINGS AT THE ANNUAL GENERAL MEETING

At the 2018 annual general meeting (“AGM”) of the shareholders of Remgro held yesterday, Thursday,
29 November 2018 all the ordinary and special resolutions proposed were approved by the requisite
majority of votes. In this regard, Remgro confirms the voting statistics from the AGM as follows:

                                                                                Shares voted       Shares abstained
                               Votes carried disclosed as                       disclosed as a     disclosed as a
                                a percentage in relation                        percentage in      percentage in
                                 to the total number of                         relation to the    relation to the
                                   shares voted at the                          total issued       total issued
                                         meeting            Number of shares    share capital*     share capital*
Resolutions                                                 voted
                                Ordinary shares (“Ord”)                         Ordinary shares    Ordinary shares
                                 B ordinary shares (“B                          (“Ord”)            (“Ord”)
                                         Ord”)                                  B ordinary         B ordinary
                                                                                shares (“B Ord”)   shares (“B Ord”)
                               For          Against
Ordinary Resolution Number 1   100% Ord     0% Ord          363 155 663         69.06% Ord         0.10% Ord
- Approval of annual           100% B Ord   0% B Ord        Ordinary shares     100% B Ord         0% B Ord
financial statements                                        39 056 987
                                                            B ordinary shares

Ordinary Resolution Number 2   74.48% Ord   25.52% Ord      361 992 596         68.84% Ord         0.09% Ord
- Reappointment of auditor     100% B Ord   0% B Ord        Ordinary shares     100% B Ord         0% B Ord
                                                            39 056 987
                                                            B ordinary shares

Ordinary Resolution Number 3   99.43% Ord   0.57% Ord       363 206 144         69.07% Ord         0.09% Ord
- Election of director,        100% B Ord   0% B Ord        Ordinary shares     100% B Ord         0% B Ord
Ms S E N De Bruyn                                           39 056 987
                                                            B ordinary share

Ordinary Resolution Number 4   71.64 Ord    28.36% Ord      363 208 591         69.07% Ord         0.09% Ord
- Election of director,       100% B Ord    0% B Ord        Ordinary shares     100% B Ord         0% B Ord
Mr P K Harris                                               39 056 987                   
                                                            B ordinary shares

Ordinary Resolution Number 5   99.26% Ord   0.74% Ord       363 198 346         69.07% Ord         0.09% Ord
- Election of director,        100% B Ord   0% B Ord        Ordinary shares     100% B Ord         0% B Ord
Mr M Morobe                                                 39 056 987
                                                            B ordinary shares

Ordinary Resolution Number 6   93.51% Ord   6.49% Ord       363 210 811         69.07% Ord         0.09% Ord
- Election of director,        100% B Ord   0% B Ord        Ordinary shares     100% B Ord         0% B Ord
Mr J P Rupert                                               39 056 987
                                                            B ordinary shares

Ordinary Resolution Number 7   99.60% Ord   0.40% Ord       363 056 504         69.04% Ord         0.12% Ord
- Election of director,        100% B Ord   0% B Ord        Ordinary shares     100% B Ord         0% B Ord
Mr N J Williams                                             39 056 987
                                                            B ordinary shares

Ordinary Resolution Number 8   98.79% Ord   1.21% Ord       362 655 366         68.97% Ord         0.09% Ord
- Appointment of member of     100% B Ord   0% B Ord        Ordinary shares     100% B Ord         0% B Ord
the Audit and Risk                                          39 056 987
Committee, Ms S E N De Bruyn                                B ordinary shares

Ordinary Resolution Number 9   98.75% Ord   1.25% Ord       363 198 819         69.07% Ord         0.09% Ord
- Appointment of member of     100% B Ord   0% B Ord        Ordinary shares     100% B Ord         0% B Ord
the Audit and Risk                                          39 056 987
Committee, Mr N P Mageza                                    B ordinary shares

Ordinary Resolution Number     99.39% Ord   0.61% Ord       363 173 357         69.07% Ord         0.09% Ord
10 - Appointment of member     100% B Ord   0% B Ord        Ordinary shares     100% B Ord         0% B Ord
of the Audit and Risk                                       39 056 987
Committee, Mr P J Moleketi                                  B ordinary shares

Ordinary Resolution Number     67.49% Ord   32.51% Ord      363 191 700         69.07% Ord         0.09% Ord
11 - Appointment of member     100% B Ord   0% B Ord        Ordinary shares     100% B Ord         0% B Ord
of the Audit and Risk                                       39 056 987
Committee, Mr F Robertson                                   B ordinary shares

Ordinary Resolution Number     90.51% Ord   9.49% Ord       363 179 712         69.07% Ord         0.09% Ord
12 – General authority to      100% B Ord   0% B Ord        Ordinary shares     100% B Ord         0% B Ord
place 5% of the unissued                                    39 056 987
ordinary shares under the                                   B ordinary shares
control of the directors

Ordinary Resolution Number     96.02% Ord   3.98% Ord       360 897 372         68.63% Ord         0.53% Ord
13 – Non-binding advisory      100% B Ord   0% B Ord        Ordinary shares     100% B Ord         0% B Ord
vote on Remuneration Policy                                 39 056 987
                                                            B ordinary shares
Ordinary Resolution Number     97.97% Ord   2.03% Ord       360 920 089         68.64% Ord         0.52% Ord
14 – Non-binding advisory      100% B Ord   0% B Ord        Ordinary shares     100% B Ord         0% B Ord
vote on Remuneration                                        39 056 987
Implementation Report                                       B ordinary shares

Ordinary Resolution Number     97.10% Ord   2.90% Ord       363 044 737         69.04% Ord         0.12% Ord
15 – Adoption of the Remgro    100% B Ord   0% B Ord        Ordinary shares     100% B Ord         0% B Ord
Limited Conditional Share                                   39 056 987
Plan                                                        B ordinary shares

Ordinary Resolution Number     97.04% Ord   2.96% Ord       362 984 992         69.03% Ord         0.12% Ord
16 – Adoption of the Remgro    100% B Ord   0% B Ord        Ordinary shares     100% B Ord         0% B Ord
Limited Share Appreciation                                  39 056 987
Rights Plan                                                 B ordinary shares

Special Resolution Number 1    96.10% Ord   3.90% Ord       361 040 202         68.66% Ord         0.50% Ord
- Approval of directors’       100% B Ord   0% B Ord        Ordinary shares     100% B Ord         0% B Ord
remuneration                                                39 056 987
                                                            B ordinary shares

Special Resolution Number 2    98.85% Ord   1.15% Ord       363 166 292         69.06% Ord         0.09% Ord
- General authority to         0% B Ord     0% B Ord        Ordinary shares     0% B Ord           100% B Ord
repurchase shares                                           39 056 987
                                                            B ordinary shares

Special Resolution Number 3    99.57% Ord   0.43% Ord       363 166 583         69.06% Ord         0.09% Ord
- General authority to         100% B Ord   0% B Ord        Ordinary shares     100% B Ord         0% B Ord
provide financial assistance                                39 056 987
for the subscription and/or                                 B ordinary shares
purchase of securities in
the Company or in related or
inter-related companies

Special Resolution Number 4    99.81% Ord   0.19% Ord       362 651 688         68.97% Ord         0.09% Ord
- General authority to         100% B Ord   0% B Ord        Ordinary shares     100% B Ord         0% B Ord
provide financial assistance                                39 056 987
to related and inter-related                                B ordinary shares
companies and corporations

*Total issued share capital is 529 217 007 ordinary shares with total voteable shares, excluding Treasury
shares, being 525 838 824 ordinary shares and 39 056 987 B ordinary shares.

Stellenbosch
30 November 2018

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

Date: 30/11/2018 11:20:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.

Email this JSE Sens Item to a Friend.

Share This Story