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JASCO ELECTRONICS HOLDINGS LIMITED - Results of Annual General Meeting

Release Date: 20/12/2018 16:05
Code(s): JSC     PDF:  
 
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Results of Annual General Meeting

JASCO ELECTRONICS HOLDINGS LIMITED
Incorporated in the Republic of South Africa)
Registration Number: 1987/003293/06)
Share Code: JSC    ISIN: ZAE000003794
"Jasco" or “the group”)

RESULTS OF ANNUAL GENERAL MEETING

Shareholders are hereby advised that at the annual general meeting
of shareholders of the company held on Thursday, 20 December 2018,
all the proposed ordinary and special resolutions, as set out in the
notice of annual general meeting contained in the Integrated Annual
Report which was posted to shareholders on 16 November 2018, were
passed by the requisite majority of shareholders present and voting,
in person or by proxy.

Details of the results of voting at the annual general meeting are
as follows:
- Total number of issued ordinary shares: 229 319 191
- Total number of issued ordinary shares net of treasury shares
(“Total Votable Ordinary Shares”): 222 380 283
-   Total   number   of   issued   ordinary    shares   which   were
present/represented at the annual general meeting: 154 018 219 being
69.26% of the Total Votable Ordinary Shares.

Ordinary Resolutions
Ordinary resolution number 1.1: To elect Mr. JM Madungandaba who
retires by rotation and is eligible and available for re-election
 For (1)          Against (1)      Abstentions (2) Shares voted
                                                    (3)
153 993 185      24 827 being       207 being 0.00%   154 018 012
being 99.98%     0.02%                                being 69.26%

Ordinary resolution number 1.2: To elect Mr. S Bawa who retires by
rotation and is eligible and available for re-election
 For (1)          Against (1)      Abstentions (2) Shares voted
                                                    (3)
153 993 185      24 827 being       207 being 0.00%   154 018 012
being 99.98%     0.02%                                being 69.26%

Ordinary resolution number 2: To elect Mr D du Plessis, who is
eligible and available for election, as a director
 For (1)          Against (1)      Abstentions (2) Shares voted
                                                   (3)
154 003 512      14 500 being       207 being 0.00%   154 018 012
being 99.99%     0.01%                                being 69.26%
Ordinary resolution number 3:    To approve group audit and risk
committee
 For (1)         Against (1)       Abstentions (2)   Shares voted
                                                     (3)
154 003 512      14 500 being      207 being 0.00%   154 018 012
being 99.99%     0.01%                               being 69.26%

Ordinary resolution number 4: To approve group social and ethics
committee members
 For (1)          Against (1)    Abstentions (2) Shares voted
                                                 (3)
154 003 512      14 500 being      207 being 0.00%   154 018 012
being 99.99%     0.01%                               being 69.26%

Ordinary resolution number 5: To re-appointment PwC Inc. as
independent auditors of the company and the group and to note Mr. B
Humphreys as the designated audit partner until the next annual
general meeting
 For (1)          Against (1)      Abstentions (2) Shares voted
                                                    (3)
153 968 185      39 500 being      10 534 being      154 007 685
being 99.97%     0.03%             0.005%            being 69.25%

Ordinary resolution number 6: To endorse, through a non-binding
advisory vote, the company’s remuneration policy and its
implementation, as set out in the remuneration report contained in
the integrated annual report
 For (1)          Against (1)      Abstentions (2) Shares voted
                                                    (3)
153 993 185      14 500 being      10 534 being      154 007 685
being 99.99%     0.01%             0.005%            being 69.25%

Ordinary resolution number 7: To place the authorised but unissued
shares under the directors’ control
 For (1)          Against (1)      Abstentions (2) Shares voted
                                                   (3)
153 966 213      14 500 being      37 506 being      153 980 713
being 99.99%     0.01%             0.017%            being 69.24%

Ordinary resolution number 8: General authority to issue shares, and
to sell treasury shares for cash
 For (1)          Against (1)      Abstentions (2) Shares voted
                                                    (3)
153 976 540      14 500 being      27 179 being      153 991 040
being 99.99%     0.01%             0.012%            being 69.25%
Ordinary resolution number 9: To authorise directors and/or company
secretary to implement the resolutions set out in the notice
convening the annual general meeting
 For (1)          Against (1)      Abstentions (2) Shares voted
                                                    (3)
154 003 512      14 500 being      207 being 0.00%   154 018 012
being 99.99%     0.01%                               being 69.26%

Special resolutions
Special resolution number 1: To approve the remuneration to
be paid to the non-executive directors for the period 1
January 2019 until 31 December 2019
 For (1)          Against (1)      Abstentions (2) Shares voted
                                                    (3)
153 966 213      51 799 being      207 being 0.00%   154 018 012
being 99.97%     0.03%                               being69.26%

Special resolution number 2: To authorise financial assistance to
related and inter-related companies
 For (1)          Against (1)      Abstentions (2) Shares voted
                                                   (3)
153 976 540      41 472 being      207 being 0.00%   154 018 012
being 99.97%     0.03%                               being 69.26%

Special resolution number 3: To provide general authority to acquire
(“repurchase”) shares.
 For (1)          Against (1)      Abstentions (2) Shares voted
                                                    (3)
153 993 185      24 827 being      207 being 0.00%   154 018 012
being 99.98%     0.02%                               being 69.26%

Notes:
(1) The votes carried for and against each individual resolution
are disclosed as a percentage in relation to the total number of
ordinary shares voted (whether in person or by proxy) in respect of
such individual resolution at the annual general meeting.
(2)The total number of ordinary shares abstained in respect of each
individual resolution (whether in person or by proxy) is disclosed
as a percentage in relation to the Total Votable Ordinary Shares.
(3) The total number of ordinary shares voted (whether in person or
by proxy) at the annual general meeting in respect of each
individual resolution is disclosed as a percentage in relation to
the Total Votable Ordinary Shares.

Midrand
20 December 2018
Sponsor: Grindrod Bank Limited

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