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Results of annual general meeting
Etion Limited
Incorporated in the Republic of South Africa)
(Registration number: 1987/001222/06)
(JSE code: ETO ISIN: ZAE000257739)
(“Etion” or “the Company”)
Results of Annual General Meeting
Shareholders are advised that, at the annual general meeting of Etion held
today, all the resolutions as set out in the notice of annual general meeting
were passed by the requisite majority of votes.
The number of shares voted in person or by proxy was 420 743 754 representing
75% of the total issued share capital of the same class of Etion.
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:
Ordinary Resolution 1
Re-election of Snowy Joyce Khoza as a member of the board.
SHARES VOTED 420 169 413 74.44%
SHARES ABSTAINED 574 341 0.10%
VOTES FOR 420 079 365 99.98%
VOTES AGAINST 90 048 0.02%
Ordinary Resolution 2
Re-election of Coenraad Petrus Bester as a member of the board.
SHARES VOTED 420 169 413 74.44%
SHARES ABSTAINED 574 341 0.10%
VOTES FOR 420 109 413 99.99%
VOTES AGAINST 60 000 0.01%
Ordinary Resolution 3:
Confirmation of the appointment of Richard Charles Willis as non-executive
director
SHARES VOTED 420 169 413 74.44%
SHARES ABSTAINED 574 341 0.10%
VOTES FOR 420 139 413 99.99%
VOTES AGAINST 30 000 0.01%
Ordinary Resolution 4:
Confirmation of the appointment of Martie Jacoba Janse van Rensburg as non-
executive director.
SHARES VOTED 420 169 413 74.44%
SHARES ABSTAINED 574 341 0.10%
VOTES FOR 420 139 413 99.99%
VOTES AGAINST 30 000 0.01%
Ordinary Resolution 5:
Appointment of Martie Jacoba Janse van Rensburg as member and Chairperson of
the company's Audit and Risk Committee.
SHARES VOTED 420 169 413 74.44%
SHARES ABSTAINED 574 341 0.10%
VOTES FOR 420 109 413 99.99%
VOTES AGAINST 60 000 0.01%
Ordinary Resolution 6:
Reappointment of Snowy Joyce Khoza as a member of the company's Audit and
Risk Committee.
SHARES VOTED 420 169 413 74.44%
SHARES ABSTAINED 574 341 0.10%
VOTES FOR 420 079 365 99.98%
VOTES AGAINST 90 048 0.02%
Ordinary Resolution 7:
Reappointment of Coenraad Petrus Bester as a member of the company's Audit
and Risk Committee.
SHARES VOTED 420 169 413 74.44%
SHARES ABSTAINED 574 341 0.10%
VOTES FOR 420 109 413 99.99%
VOTES AGAINST 60 000 0.01%
Ordinary Resolution 8:
Appointment of Richard Charles Willis as a member of the company's Audit and
Risk Committee.
SHARES VOTED 420 169 413 74.44%
SHARES ABSTAINED 574 341 0.10%
VOTES FOR 420 139 413 99.99%
VOTES AGAINST 30 000 0.01%
Ordinary Resolution 9:
Re-appointment of PricewaterhouseCoopers Inc. as external auditors
SHARES VOTED 420 167 413 74.44%
SHARES ABSTAINED 576 341 0.10%
VOTES FOR 354 460 243 84.36%
VOTES AGAINST 65 707 170 15.64%
Ordinary Resolution number 10:
Non-binding endorsement of Etion’s remuneration policy.
SHARES VOTED 420 167 413 74.44%
SHARES ABSTAINED 576 341 0.10%
VOTES FOR 419 964 215 99.95%
VOTES AGAINST 203 198 0.05%
Ordinary Resolution number 11:
Non-binding endorsement of Etion’s implementation report.
SHARES VOTED 420 137 365 74.44%
SHARES ABSTAINED 606 389 0.11%
VOTES FOR 419 992 365 99.97%
VOTES AGAINST 145 000 0.03%
Ordinary Resolution 12:
General authority to issue shares for cash.
SHARES VOTED 420 169 413 74.44%
SHARES ABSTAINED 574 341 0.10%
VOTES FOR 349 614 421 83.21%
VOTES AGAINST 70 554 992 16.79%
Special Resolution 1:
Remuneration of non-executive directors.
SHARES VOTED 420 167 413 74.44%
SHARES ABSTAINED 576 341 0.10%
VOTES FOR 420 068 865 99.98%
VOTES AGAINST 98 548 0.02%
Special Resolution 2:
Remuneration of non-executive directors for ad hoc board committee meetings.
SHARES VOTED 420 169 413 74.44%
SHARES ABSTAINED 574 341 0.10%
VOTES FOR 420 070 865 99.98%
VOTES AGAINST 98 548 0.02%
Special Resolution 3:
Intercompany financial assistance.
SHARES VOTED 420 149 763 74.44%
SHARES ABSTAINED 593 991 0.11%
VOTES FOR 420 057 715 99.98%
VOTES AGAINST 92 048 0.02%
Special Resolution 4:
Financial assistance for the subscription of shares in the Company or a related
or inter-related company.
SHARES VOTED 420 169 413 74.44%
SHARES ABSTAINED 574 341 0.10%
VOTES FOR 420 077 365 99.98%
VOTES AGAINST 92 048 0.02%
Special Resolution 5:
Authority to repurchase shares
SHARES VOTED 420 169 413 74.44%
SHARES ABSTAINED 574 341 0.10%
VOTES FOR 420 068 149 99.98%
VOTES AGAINST 101 264 0.02%
Centurion
26 September 2019
Designated Advisor
Exchange Sponsors
Date: 26/09/2019 03:19:00
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