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SANTOVA LIMITED - Results of the Annual General Meeting

Release Date: 30/07/2019 14:10
Code(s): SNV     PDF:  
 
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Results of the Annual General Meeting

Santova Limited
(Incorporated in the Republic of South Africa)
(Registration No. 1998/018118/06)
Share code: SNV
ISIN: ZAE000159711
(“Santova” or the “Company”)

                                   Results of the Annual General Meeting

The Board of Directors of Santova Limited hereby advises that at the Annual General Meeting ("AGM")
of shareholders of Santova held on 29 July 2019 the following resolutions, as set out in the Notice of
Annual General Meeting which was incorporated in the Annual Integrated Report distributed to
shareholders on 31 May 2019, were duly approved by the requisite majority of votes in terms of the
Companies Act, No. 71 of 2008, as amended.

Shareholders are however notified that the requisite number of votes was not attained to in order to meet
the JSE Listing Requirements of a 75% majority of the votes cast, in respect of resolution number 11.

Santova confirms the voting statistics from the AGM as follows:

Shareholders are advised that:
- the total number of shares in issue as at the date of the AGM was 161 361 045 shares;
- the total number of shares that were represented by shareholders present in person or represented
    by proxy at the Annual General Meeting was 82 992 235 shares being 51.43% of the total number
    of shares in issue; and
- Abstentions are represented below as a percentage of the total number of shares in issue.

  Resolutions                                                                        Shares Voted
                                                                            For         Against   Abstentions
  Ordinary Business

                                                                        81,887,096       133,038       972,101
  1. Re-election of EM Ngubo retiring as a director by rotation
                                                                          98.67%          0.16%         0.60%


  2. Re-election of ESC Garner retiring due to length of service.       81,921,320       80,239        990,676
                                                                          98.71%          0.10%         0.61%


  3. Re-election of WA Lombard retiring due to length of service        81,884,820       116,739       990,676
                                                                         98.67%           0.14%         0.61%

  4. Re-election of WA Lombard as a member of the Audit and             81,884,820       113,739       993,676
  Risk Committee as a director
                                                                          98.67%          0.14%         0.62%

                                                                        81,890,820       107,739       993,676
  5. Re-election of AD Dixon as a member of the Audit and Risk
  Committee as a director                                                 98.67%          0.13%         0.62%
  6. Re-election of ESC Garner as a member of the Audit and Risk        81,921,320       77,239          993,676
  Committee as a director
                                                                          98.71%          0.09%          0.62%

  7. Appointment of Moore Stephens MWM Inc as the auditors of           81,928,058      70,496         993,681
  the Company
                                                                          98.72%        0.08%         0.62%

                                                                        63,808,872     18,177,342      1,006,021
  8. Non-binding advisory vote on the Remuneration policy
                                                                         76.89%         21.90%          0.62%
 
                                                                        81,820,107      166,107        1,006,021
  9. Non-binding advisory vote on the Implementation Report
                                                                         98.59%        0.20%           0.62%

  10. Placement of the authorised but unissued shares under the        63,840,872     18,190,538       960,825
  control of the directors
                                                                         76.92%        21.92%          0.60%


  11. General authority to issue shares for cash                        58,729,420    23,298,990      963,825
                                                                          70.76%        28.07%         0.60%

                                                                       81,905,820      95,739         990,676
  12. Authority to execute requisite documentation
                                                                        98.69%          0.12%         0.61%
  Special Business
                                                                        81,746,108      270,559       975,568
  1. Approval of non-executive directors’ remuneration
                                                                         98.50%          0.33%         0.60%

  2. General authority to provide financial assistance in terms of      63,859,203     18,186,236     946,796
  Section 44 of the Companies Act, No71 of 2008, as amended              76.95%          21.91%       0.59%


  3. General authority to provide financial assistance in terms of      81,871,556      173,883       946,796
  Section 45 of the Companies Act, No71 of 2008, as amended              98.65%          0.21%       0.59%

                                                                        82,067,118      99,942        825,175
  4. General authority to buy back own shares
                                                                         98.89%          0.12%       0.51%


30 July 2019
Durban
Sponsor and Corporate Advisor
River Group

Date: 30/07/2019 02:10:00
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