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BARLOWORLD LIMITED - Correction announcement : Results of annual general meeting

Release Date: 10/04/2019 15:00
Code(s): BAW BAWP     PDF:  
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Correction announcement : Results of annual general meeting

Barloworld Limited
(Incorporated in the Republic of South Africa)
(Registration number 1918/000095/06)
(Income tax registration number 9000/051/71/5)
(Share code: BAW)
(JSE ISIN: ZAE000026639)
(Share code: BAWP)
(JSE ISIN: ZAE000026647)
(Namibian Stock Exchange share code: BWL)
("Barloworld" or the "Company")

CORRECTION ANNOUNCEMENT: RESULTS OF ANNUAL GENERAL MEETING

Shareholders are referred to the results of annual general meeting (“AGM”) announcement released on SENS on 15
February 2019 (the “Initial Announcement”) and are advised that the Company was made aware of some inadvertent
errors relating to the voting results as provided by the Company’s transfer secretaries and contained in the Initial
Announcement.

In light of the above, details of the revised voting results for the AGM held on 14 February 2019 are set out below:

 Resolution                           Number of       Percentage             For**       Against**      Abstained***
                                    shares voted      of shares in               %               %                 %
                                                           issue*
                                                                %
 Ordinary resolution 1:              173 660 765            81.51           100.00                -             0.63
 Acceptance of financial
 statements
 Ordinary resolution 2:              173 660 765            81.51            91.36             8.64             0.01
 Re-election of Ms NP
 Dongwana
 Ordinary resolution 3:                                              WITHDRAWN
 Re-election of Ms O Ighodaro
 Ordinary resolution 4:              173 653 385            81.50           100.00             0.00             0.01
 Election of Ms Neo Mokhesi
 Ordinary resolution 5:              173 660 765            81.51            99.99             0.01             0.01
 Election of Mr Hugh Molotsi
 Ordinary resolution 6:              173 662 465            81.51            96.30             3.70             0.01
 Re-election of Mr SS Ntsaluba
 as a member and chair of the
 audit committee
 Ordinary resolution 7:              173 662 465            81.51            99.75             0.25             0.02
 Re-election of Ms FNO Edozien
 as a member of the audit
 committee
 Ordinary Resolution 8:              173 662 465            81.51            84.23            15.77             0.01
 Re-election of Ms HH Hickey as
 a member of the audit
 committee
 Ordinary Resolution 9:              173 662 465            81.51            91.86             8.14             0.02
 Re-election of Mr M Lynch-Bell
 as a member of the audit
 committee
 Ordinary Resolution 10:             173 662 465            81.51            91.85             8.15             0.01
 Re-election of MS NP
 Mnxasana as a member of the
 audit committee
 Ordinary Resolution 11:             173 662 465            81.51            72.38            27.62             0.07
 Appointment of external
 auditor
 Ordinary resolution 12.1:           173 662 465            81.51            97.67             2.33             0.01
 Non-binding advisory vote on
 remuneration policy
 Ordinary resolution 12.2:           173 662 465            81.51            98.00             2.00             0.01
 Non-binding advisory vote on
 implementation report
 Special resolution 1:
 Approval of non-executive
 directors’ fees
 1.1 Chairman of the board           173 662 465            81.51            98.83             1.17             0.01
 1.2 Resident non-executive          173 662 465            81.51            99.89             0.11             0.01
 directors
 1.3 Non-resident non-               173 662 465            81.51            98.72             1.28             0.01
 executive directors
 1.4 Resident chairman of the        173 662 465            81.51            98.82             1.18             0.01
 audit committee
 1.5 Resident members of the         173 662 465            81.51            98.82             1.18             0.01
 audit committee
 1.6 Non-resident members of         173 662 465            81.51            98.81             1.19             0.01
 the audit committee
 1.7 Resident chairman of the        173 662 465            81.51           100.00             0.00             0.01
 remuneration committee
 1.8 Resident chairman of the        173 662 465            81.51            99.99             0.01             0.01
 social, ethics and
 transformation committee
 1.9 Resident chairman of the        173 662 465            81.51            98.82             1.18             0.01
 risk and sustainability
 committee
 1.10 Resident chairman of the       173 662 465            81.51            99.99             0.01             0.01
 general purposes committee
 1.11 Resident chairman of the       173 636 728            81.49           100.00             0.00             0.01
 nomination committee
 1.12 Resident members of            173 657 965            81.50           100.00             0.00             0.01
 each of the board committees
 other than the audit
 committee
 1.13 Non-resident members           173 636 728            81.49            98.82             1.18             0.01
 of each of the board
 committees other than the
 audit committee
 Special resolution 2:               173 662 465            81.51            97.24             2.76             0.01
 Approval of loans or other
 financial assistance to related
 or inter-related companies
 and corporations
 Special resolution 3:               173 662 465            81.51            99.98             0.02             0.01
 General authority to acquire 
 the Company’s own shares

*       Based on 213 067 583 shares in issue as at the date of the AGM.
**      In relation to the total number of shares voted at the AGM.
***     In relation to the total number of shares in issue as at the date of the AGM.

Based on the above voting results, all resolutions were passed by the requisite majority of Barloworld shareholders
present in person or represented by proxy at the AGM.

10 April 2019

Sponsor
Nedbank Corporate and Investment Banking, a division of Nedbank Limited

Date: 10/04/2019 03:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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