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VUNANI LIMITED - Results of annual general meeting

Release Date: 30/07/2019 14:50
Code(s): VUN     PDF:  
 
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Results of annual general meeting

VUNANI LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1997/020641/06)
JSE code: VUN
ISIN: ZAE000163382
(“Vunani” or “the Company”)

RESULTS OF ANNUAL GENERAL MEETING

Shareholders are advised that the annual general meeting of
shareholders of the company was held today, 30 July 2019. In terms
of the proposed ordinary and special resolutions, all resolutions
as set out in the notice of annual general meeting contained in the
integrated report which was posted to shareholders on 28 June 2019,
were passed by the requisite majority of shareholders present and
voting, in person or by proxy.

Details of the results of voting at the general meeting are as
follows:
- Total number of issued ordinary shares: 161 155 915
- Total number of issued ordinary shares net of treasury shares
(“Total Votable Ordinary Shares”): 161 018 136
-   Total   number   of   issued   ordinary    shares which were
present/represented at the general meeting: 154 719 259 being
96.09% of the Total Votable Ordinary Shares.

Ordinary Resolutions
Ordinary resolution 1: Re-election of LI Jacobs as an independent
non-executive director
For (1)           Against (1)       Abstentions (2)  Shares voted (3)
154 710 920       6 240 being       2 099 being      154 717 160
being 99.996%     0.004%            0.001%           being 96.087%

Ordinary resolution 2: Re-election of SN Mthethwa as an independent
non-executive director
For (1)           Against (1)        Abstentions (2)   Shares voted (3)
154 710 920       6 240 being        2 099 being       154 717 160
being 99.996%     0.004%             0.001%            being 96.087%

Ordinary resolution 3: Re-election of MJA Golding as an independent
non-executive director
For (1)           Against (1)        Abstentions (2)   Shares voted (3)
144 443 380       6 240 being        10 296 639 being 144 449 620
being 99.996%     0.004%             6.378%            being 89.710%

Ordinary resolution 4: Re-election of GS Nzalo as a member and
chairman of the audit and risk committee
For (1)           Against (1)        Abstentions (2) Shares voted (3)
154 711 791       6 240 being        1 228 being     154 718 031
being 99.996%     0.004%             0.001%          being 96.087%

Ordinary resolution 5: Re-election of JR Macey as a member of the
audit and risk committee
For (1)           Against (1)       Abstentions (2)  Shares voted (3)
154 710 708       7 323 being        1 228 being          154 718 031
being 99.995%     0.005%             0.001%               being 96.087%

Ordinary resolution 6:Re-election of NS Mazwi as a member of the
audit and risk committee
For (1)           Against (1)       Abstentions (2) Shares voted (3)
154 711 791       6 240 being       1 228 being     154 718 031
being 99.996%     0.004%            0.001%          being 96.087%

Ordinary resolution 7: Re-appointment of KPMG Inc. as the auditor
of the company
For (1)           Against (1)       Abstentions (2)  Shares voted (3)
154 339 380       379 379 being     500 being        154 718 759
being 99.755%     0.245%            0.000%           being 96.088%

Ordinary resolution 8: General authority to directors     to allot and
issue authorised but unissued ordinary shares
For (1)           Against (1)        Abstentions (2)      Shares voted (3)
154 403 394       46 954 being       268 911 being        154 450 348
being 99.970%     0.030%             0.167%               being 95.921%

Ordinary resolution 9: General authority to directors     to allot and
issue ordinary shares for cash
For (1)           Against (1)       Abstentions (2)       Shares voted (3)
154 403 394       7 839 being       308 026 being         154 411 233
being 99.995%     0.005%            0.191%                being 95.897%

Ordinary resolution 10: Approval     of   remuneration    policy   (non-
binding advisory vote)
For (1)           Against (1)        Abstentions (2)      Shares voted (3)
144 672 676       6 968 being        10 039 615 being     144 679 644
being 99.995%     0.005%             6.235%               being 89.853%

Ordinary resolution 11: Approval     of   remuneration   implementation
report (non-binding advisory vote)
For (1)           Against (1)        Abstentions (2)      Shares voted (3)
154 403 394       7 839 being        39 615 being         154 679 644
being 99.995%     0.005%             0.025%               being 96.063%
Special resolution 1: Approval   of   remuneration   payable   to   non-
executive directors
For (1)           Against (1)         Abstentions (2)    Shares voted (3)
154 710 920       7 111 being         1 228 being        154 718 031
being 99.995%     0.005%              0.001%             being 96.087%

Special resolution 2: Repurchase of company shares
For (1)           Against (1)        Abstentions (2)     Shares voted (3)
154 710 920       6 240 being        2 099 being         154 717 160
being 99.995%     0.004%             0.001%              being 96.087%

Special resolution 3: Financial assistance
For (1)           Against (1)        Abstentions (2)     Shares voted (3)
154 671 805       7 111 being        40 343 being        154 678 916
being 99.995%     0.005%             0.025%              being 96.063%

Special resolution 4: Amendment of the Conditional Share Plan
For (1)           Against (1)        Abstentions (2)   Shares voted (3)
124 632 287       30 046 629 being 40 343 being        154 678 916
being 80.575%     19.425%            0.025%            being 96.063%

Ordinary resolution 12: Directors’ authority to sign documentation
For (1)           Against (1)        Abstentions (2)   Shares voted (3)
154 710 920       7 111 being        1 228 being       154 718 031
being 99.995%     0.005%             0.001%            being 96.087%

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 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.

Sandton
30 July 2019

Designated Adviser
Grindrod Bank Limited

Date: 30/07/2019 02:50:00
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