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Results of Annual General Meeting
Value Group Limited
(Incorporated in the Republic of South Africa)
Registration number: 1997/002203/06
Share code: VLE
ISIN code: ZAE000016507
(“Value” or “the company’)
RESULTS OF ANNUAL GENERAL MEETING
Shareholders are advised that, at the annual general meeting of Value held yesterday,
7 August 2019 all the resolutions as set out in the notice of annual general meeting were passed by the requisite majority of
shareholders.
% Number
Total number of issued ordinary shares 100% 172 635 000
Total number of non-voting ordinary shares 5,6% 9 637 981
Total number of voteable ordinary shares 94,4% 162 997 019
Total number of issued “A” ordinary shares 100% 10 429 010
Total number of non-voting “A” ordinary shares 31.4% 3 279 010
Total number of voteable “A” ordinary shares 68.6% 7 150 000
Total number of shares that can be exercised at the meeting 100% 170 147 019
Total number of shares present/represented including proxies at the meeting as % of voteable shares 85,7% 145 884 841
Total number of shares present/represented including proxies at the meeting as % of issued shares 84,5% 145 884 841
Total number of members present in person 6
The resolutions proposed at the meeting, together with the percentage of shares voted or abstained as well as the percentage of
votes carried for and against each resolution are displayed below:
Resolutions:
“A” Ordinary shares
Ordinary shares
Number of For % Against % Abstain % Number of votes For %
votes voted voted at the
at the meeting
meeting
Ordinary Resolution Number 1.1 - 138 734 841 98,7% 1,3% 0,0% 6 750 000 94,4%
Approval of re-election of director:
Mr IM Groves
Ordinary Resolution Number 1.2 - 138 734 841 98,7% 1,3% 0,0% 6 800 000 94,4%
Approval of re-election of director:
Mr CD Stein
Ordinary Resolution Number 2.1 - 138 734 841 98,7% 1,3% 0,0% 6 750 000 93,7%
Approval of election of audit & risk
committee member: Mr IM Groves
(Chairman) *Subject to re-election as a
director pursuant to ordinary resolution
number 1.1
Ordinary Resolution Number 2.2 - 138 734 841 100,0% 0,0% 0,0% 6 750 000 93,7%
Approval of election of audit & risk
committee member: Mr VW Mcobothi
Ordinary Resolution Number 2.3 - 138 734 841 98,7% 1,3% 0,0% 6 750 000 93,7%
Approval of election of audit & risk
committee member: Mr CD Stein **Subject
to re-election as a director pursuant to
ordinary resolution number 1.2
Ordinary Resolution Number 3: Approval 138 734 841 90,1% 9,9% 0,0% 7 000 000 94,4%
of re-appointment of external auditor
Ordinary Resolution Number 4.1: Approval 138 734 841 88,8% 11,2% 0,0% 7 050 000 95,8%
of the remuneration policy by way of a
non-binding advisory vote
Ordinary Resolution Number 4.2: Approval 138 734 841 89,2% 10,8% 0,0% 7 050 000 95,8%
of the remuneration implementation
report by way of a non-binding advisory
vote
Ordinary Resolution Number 5: Approval 138 734 841 89,0% 11,0% 0,0% 7 100 000 99,3%
of general authority to directors to
allot and issue authorised but unissued
ordinary shares
Ordinary Resolution Number 6: Approval 138 734 841 90,4% 9,6% 0,0% 7 100 000 98,6%
of authority to allot and issue shares
for cash
Ordinary Resolution Number 7: Approval 138 734 841 100,0% 0,0% 0,0% 7 100 000 95,8%
of signing authority
Special Resolution Number 1: Approval of 138 734 841 100,0% 0,0% 0,0% 7 000 000 86,7%
general authority to acquire
(repurchase) Company shares
Special Resolution Number 2: Approval of 138 734 841 97,0% 0,3% 2,7% 7 100 000 93,7%
the additional remuneration of the non-
executive directors for the financial
year ended 28 February 2019
Special Resolution Number 3: Approval of 138 734 841 97,0% 0,3% 2,7% 6 950 000 91,6%
the additional proposed remuneration of
the non-executive directors for the
financial year ending 28 February 2020
Special Resolution Number 4: Approval of 138 734 841 95,7% 1,6% 2,7% 7 100 000 94,4%
the remuneration of the non-executive
directors for the financial year ending
28 February 2021
Special Resolution Number 5: Authority 138 734 841 90,4% 9,6% 0,0% 6 700 000 91,6%
to provide financial assistance to any
company or corporation which is related
or inter-related to the Company
Details of combined voting results continued:
Combined total Ordinary and “A” ordinary shares voted at the meeting
Total For % Against % Abstain% Ordinary Shares “A” ordinary
Ordinary and as % of total shares as % of
“A” ordinary shares that total shares
shares voted could be voted that could be
at the voted
meeting
Ordinary Resolution Number 1.1 - 145 484 841 98,8% 1,2% 0,0% 95,1% 4,6%
Approval of re-election of director:
Mr IM Groves
Ordinary Resolution Number 1.2 - 145 534 841 98,8% 1,2% 0,0% 95,1% 4,7%
Approval of re-election of director:
Mr CD Stein
Ordinary Resolution Number 2.1 - 145 484 841 98,8% 1,2% 0,0% 95,1% 4,6%
Approval of election of audit & risk
committee member: Mr IM Groves
(Chairman) *Subject to re-election as a
director pursuant to ordinary resolution
number 1.1
Ordinary Resolution Number 2.2 - 145 484 841 100,0% 0,0% 0,0% 95,1% 4,6%
Approval of election of audit & risk
committee member: Mr VW Mcobothi
Ordinary Resolution Number 2.3 - 145 484 841 98,8% 1,2% 0,0% 95,1% 4,6%
Approval of election of audit & risk
committee member: Mr CD Stein **Subject
to re-election as a director pursuant to
ordinary resolution number 1.2
Ordinary Resolution Number 3: Approval 145 734 841 90,4% 9,4% 0,2% 95,1% 4,8%
of re-appointment of external director
Ordinary Resolution Number 4.1: Approval 145 784 841 89,2% 10,7% 0,1% 95,1% 4,8%
of the remuneration policy by way of a
non-binding advisory vote
Ordinary Resolution Number 4.2: Approval 145 784 841 89,5% 10,4% 0,1% 95,1% 4,8%
of the remuneration implementation
report by way of a non-binding advisory
vote
Ordinary Resolution Number 5: Approval 145 834 841 89,5% 10,4% 0,1% 95,1% 4,9%
of general authority to directors to
allot and issue authorised but unissued
ordinary shares
Ordinary Resolution Number 6: Approval 145 834 841 90,8% 9,1% 0,1% 95,1% 4,9%
of authority to allot and issue shares
for cash
Ordinary Resolution Number 7: Approval 145 834 841 99,8% 0,0% 0,2% 95,1% 4,9%
of signing authority
Special Resolution Number 1: Approval of 145 734 841 99,4% 0,0% 0,6% 95.1% 4,8%
general authority to acquire
(repurchase) Company shares
Special Resolution Number 2: Approval of 145 834 841 96,8% 0,3% 2,9% 95,1% 4,9%
the additional remuneration of the non-
executive directors for the financial
year ended 28 February 2019
Special Resolution Number 3: Approval of 145 846 841 96,8% 0,4% 2,8% 95,1% 4,8%
the additional proposed remuneration of
the non-executive directors for the
financial year ending 28 February 2020
Special Resolution Number 4: Approval of 145 834 841 95,7% 1,5% 2,8% 95,1% 4,9%
the remuneration of the non-executive
directors for the financial year ending
28 February 2021
Special Resolution Number 5: Authority 145 434 841 90,8% 9,1% 0,1% 95,1% 4,6%
to provide financial assistance to any
company or corporation which is related
or inter-related to the Company
Johannesburg
8 August 2019
Sponsor
Investec Bank Limited
Date: 08/08/2019 11:50:00
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