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Report on proceedings at the annual general meeting
Mpact Limited
(Incorporated in the Republic of South Africa)
(Registration number 2004/025229/06)
Share code: MPT
ISIN: ZAE000156501
("Mpact")
REPORT ON PROCEEDINGS AT THE ANNUAL GENERAL MEETING
At the 2019 annual general meeting ("AGM" or "the meeting") of the shareholders of Mpact held today, 6 June 2019 all the ordinary and special resolutions proposed at
the meeting were approved by the requisite majority of votes. In this regard, Mpact confirms the voting statistics from the AGM as follows:
Votes cast disclosed as a percentage Number of Shares voted Shares abstained
in relation to the total number of shares voted disclosed as a disclosed as a
shares voted at the meeting percentage in percentage in
Resolutions relation to the total relation to the total
issued shares* issued shares*
For Against
Ordinary Resolution 1: Acceptance of 100.00% 0.00% 141,996,021 81.93% 0.42%
the Annual Financial Statements
Ordinary Resolution 2: Election of 100.00% 0.00% 141,996,021 81.93% 0.10%
director - PCS Luthuli
Ordinary Resolution 3: Re-election of 100.00% 0.00% 141,996,021 81.93% 0.10%
director - TDA Ross
Ordinary Resolution 4: Re-election of 91.65% 8.35% 141,996,021 81.93% 21.20%
director - NB Langa-Royds
Ordinary Resolution 5: Re-appointment 77.36% 22.64% 141,996,021 81.93% 0.10%
of auditors
Ordinary Resolution 6: Election of TDA 100.00% 0.00% 141,996,021 81.93% 0.10%
Ross as a member of the Audit and Risk
Committee
Ordinary Resolution 7: Election of NP 100.00% 0.00% 141,996,021 81.93% 0.10%
Dongwana as a member of the Audit
and Risk Committee
Ordinary Resolution 8: Election of AM 76.02% 23.98% 141,996,021 81.93% 0.10%
Thompson as a member of the Audit
and Risk Committee
Ordinary Resolution 9: Election of PCS 100.00% 0.00% 141,996,021 81.93% 0.10%
Luthuli as a member of the Audit and
Risk Committee
Ordinary Resolution 10: Approval of the 99.36% 0.64% 141,996,021 81.93% 0.12%
remuneration policy
Ordinary Resolution 11: 99.94% 0.06% 141,996,021 81.93% 0.12%
Implementation of the remuneration
policy
Special Resolution 1: General authority 97.54% 2.46% 141,996,021 81.93% 0.10%
to acquire/repurchase shares
Special Resolution 2: Approval of non-
executive directors' fees
- Special resolution 2.1: Chairman of 94.75% 5.25% 141,996,021 81.93% 0.10%
the Board
- Special resolution 2.2: Board 100.00% 0.00% 141,996,021 81.93% 0.10%
member
- Special resolution 2.3: Chairman of 100.00% 0.00% 141,996,021 81.93% 0.10%
the Audit and Risk Committee
- Special resolution 2.4: Member of 100.00% 0.00% 141,996,021 81.93% 0.10%
the Audit and Risk Committee
- Special resolution 2.5: Chairman of 100.00% 0.00% 141,996,021 81.93% 0.10%
the Remuneration Committee
- Special resolution 2.6: Member of 100.00% 0.00% 141,996,021 81.93% 0.10%
the Remuneration and Nomination
Committee
- Special resolution 2.7: Chairman of 100.00% 0.00% 141,996,021 81.93% 0.10%
the Social and Ethics Committee
- Special resolution 2.8: Member of 100.00% 0.00% 141,996,021 81.93% 0.10%
the Social and Ethics Committee
Special Resolution 3: Approval of 94.10% 5.90% 141,996,021 81.93% 0.10%
financial assistance to related or inter-
related company in terms of Section 44
and 45 of the Companies Act
*Total issued share capital is 173,304,517.
The special resolution/s will, where necessary, be lodged for registration with the Companies and Intellectual Property Commission in due course.
Sandton
7 June 2019
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
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