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NOVUS HOLDINGS LIMITED - RESULTS OF ANNUAL GENERAL MEETING HELD ON 30 AUGUST 2019

Release Date: 30/08/2019 13:22
Code(s): NVS     PDF:  
 
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RESULTS OF ANNUAL GENERAL MEETING HELD ON 30 AUGUST 2019

Novus Holdings Limited
(Incorporated in the Republic of South Africa)
JSE share code: NVS
ISIN: ZAE000202149
Registration number: 2008/011165/06
(“Novus Holdings”, “the Company” or “the Group”)


                  RESULTS OF ANNUAL GENERAL MEETING HELD ON 30 AUGUST 2019


Shareholders are advised that at the Annual General Meeting (“AGM”) of Novus Holdings held today, all
the resolutions set out in the notice were duly passed by the requisite majority of shareholders, with
the exception of Ordinary Resolution 8 (General authority to issue shares for cash), Special Resolution 2
(Financial assistance in terms of section 44 of the Companies Act) and Special Resolution 4 (General
authority to acquire (repurchase) shares), which failed to meet the requisite majority votes in favour.

 Total issued number of ordinary shares:                                                    346 656 348
 Number of ordinary shares that could have been voted at the meeting:                       288 287 023
 Total number of ordinary shares represented at the AGM:                                    258 968 504
 Percentage of ordinary shares represented at the meeting:                                       89.83%

The voting details with respect to the proposed resolutions were as follows:

 Resolution Proposed                                    Votes in Favour            Votes      Abstentions
                                                                                 Against
Ordinary resolution number 1: Consideration and           236 500 125                   -      22 468 379
Acceptance of Financial Statements                              100%               0.00%            7.79%
 Ordinary resolution number 2: Appointment of             234 331 305          2 183 127       22 454 072
 auditor –                                                     99.08%              0.92%
 PriceWaterhouseCoopers (PWC)
 Ordinary resolution number 3.1:                          236 514 432                  -       22 454 072
 Confirmation of Appointment of Executive                       100%              0.00%
 Director – Harry Todd
 Ordinary resolution number 3.2:                          236 514 432                  -       22 454 072
 Confirmation of Appointment of Executive                       100%              0.00%
 Director – Neil William Birch
 Ordinary resolution number 4.1:                          236 514 432                  -       22 454 072
 Confirmation of Appointment of Non- executive                  100%              0.00%
 Director – Dennis Mack
 Ordinary resolution number 4.2: Confirmation of          236 011 831           502 601        22 454 072
 Appointment of Non-executive Director –                       99.79%             0.21%
 Phumla Mnganga


                                                                                                            1
Ordinary resolution number 5.1:                     220 074 202   16 440 230    22 454 072
Re-election of Non-executive Director – Sandile          93.05%        6.95%
Zungu
Ordinary resolution number 6.1:                     236 514 432            -    22 454 072
Re-appointment of member of Audit and Risk                100%        0.00%
Committee – Christoffel Botha
Ordinary resolution number 6.2:                     236 504 205       10 227    22 454 072
Re-appointment of member of Audit                         100%         0.00%
Committee – Lulama Mtanga
Ordinary resolution number 6.3:                     236 504 332       10 100    22 454 072
Appointment of member of Audit and Risk                   100%         0.00%
Committee – Dennis Mack
Ordinary Resolution number. 7.1: Endorsement        166 475 864    9 440 548    83 052 092
of remuneration policy                                   94.63%        5.37%
Ordinary Resolution number. 7.2: Endorsement        158 021 856   17 884 456    83 062 192
of implementation report                                 89.83%       10.17%
Ordinary resolution number 8:                       104 933 177      131 581    22 454 072
General authority to Directors to allot and issue        44.37%          255
authorised but unissued ordinary shares                               55.63%
Ordinary resolution 9:                              236 490 357             -   22 478 147
Signing Powers                                            100%         0.00%
Special resolution number 1.                        236 227 035      209 065    22 532 404
Remuneration of Directors                                99.91%        0.09%
Special resolution number 2:                        159 231 055   77 283 045    22 454 404
Financial assistance i.t.o. section                      67.32%       32.68%
44 of the Companies Act
Special resolution number 3:                        236 503 873       10 227    22 454 404
Financial assistance i.t.o. section                       100%         0.00%
45 of the Companies Act
Special resolution number 4: General Authority      175 189 692   61 310 765    22 468 047
to acquire (repurchase) shares                           74.08%       25.92%

By order of the Board

Cape Town

30 August 2019
Sponsor: Investec Bank Limited




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Date: 30/08/2019 01:22:00
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