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Results of Annual General Meeting
JASCO ELECTRONICS HOLDINGS LIMITED
Incorporated in the Republic of South Africa)
Registration Number: 1987/003293/06)
Share Code: JSC ISIN: ZAE000003794
"Jasco" or “the group”)
RESULTS OF ANNUAL GENERAL MEETING
Shareholders are hereby advised that at the annual general meeting
of shareholders of the company held on Tuesday, 26 November 2019,
all the proposed ordinary and special resolutions, as set out in the
notice of annual general meeting contained in the Integrated Annual
Report which was posted to shareholders on 4 October 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 annual general meeting are
as follows:
- Total number of issued ordinary shares: 229 319 191
- Total number of issued ordinary shares net of treasury shares
(“Total Votable Ordinary Shares”): 224 237 409
- Total number of issued ordinary shares which were
present/represented at the annual general meeting: 83 162 448 being
37.09% of the Total Votable Ordinary Shares.
Ordinary Resolutions
Ordinary resolution number 1.1: To elect and re-elect Ms T Zondi who
retires by rotation and is eligible and available for re-election
For (1) Against (1) Abstentions (2) Shares voted
(3)
82 290 517 being 60 931 being 811 000 being 82 351 448 being
99.93% 0.07% 0.36% 36.73%
Ordinary resolution number 1.2: To elect and re-elect Mrs P Radebe
who retires by rotation and is eligible and available for re-election
For (1) Against (1) Abstentions (2) Shares voted
(3)
82 290 517 60 931 being 811 000 being 82 351 448 being
being 99.93% 0.07% 0.36% 36.73%
Ordinary resolution number 2: To elect group audit and risk committee
members
For (1) Against (1) Abstentions (2) Shares voted
(3)
82 351 348 being 100 being 0.00% 811 000 being 82 351 448 being
100.00% 0.36% 36.73%
Ordinary resolution number 3: To elect group social and ethics
committee members
For (1) Against (1) Abstentions (2) Shares voted
(3)
82 351 348 being 100 being 0.00% 811 000 being 82 351 448 being
100.00% 0.36% 36.73%
Ordinary resolution number 4: To re-appointment PwC Inc. as
independent auditors of the company and the group and to note Mr. B
Humphreys as the designated audit partner until the next annual
general meeting
For (1) Against (1) Abstentions (2) Shares voted
(3)
82 290 517 being 60 931 being 811 000 being 82 351 448 being
99.93% 0.07% 0.36% 36.73%
Ordinary resolution number 5.1: To endorse, through a non-binding
advisory vote, the company’s remuneration policy as set out in the
remuneration report contained in the integrated annual report
For (1) Against (1) Abstentions (2) Shares voted
(3)
82 290 517 being 60 931 being 811 000 being 82 351 448 being
99.93% 0.07% 0.36% 36.73%
Ordinary resolution number 5.2: To endorse, through a non-binding
advisory vote, the implementation of the company’s remuneration
policy as set out in the remuneration report contained in the
integrated annual report
For (1) Against (1) Abstentions (2) Shares voted
(3)
82 290 517 being 60 931 being 811 000 being 82 351 448 being
99.93% 0.07% 0.36% 36.73%
Ordinary resolution number 6: To place the authorised but unissued
shares under the directors’ control
For (1) Against (1) Abstentions (2) Shares voted
(3)
82 290 517 being 60 931 being 811 000 being 82 351 448 being
99.93% 0.07% 0.36% 36.73%
Ordinary resolution number 7: General authority to issue shares, and
to sell treasury shares for cash
For (1) Against (1) Abstentions (2) Shares voted
(3)
82 351 448 being 0 being 0.00% 811 000 being 82 351 448 being
100.00% 0.36% 36.73%
Ordinary resolution number 8: To authorise directors and/or company
secretary to implement the resolutions set out in the notice
convening the annual general meeting
For (1) Against (1) Abstentions (2) Shares voted
(3)
80 776 208 being 1 575 240 being 811 000 being 82 351 448 being
98.09% 1.91% 0.36% 36.73%
Special resolutions
Special resolution number 1: To approve the remuneration to
be paid to the non-executive directors for the period 1
January 2020 until 31 December 2020
The Resolution was withdrawn at the annual general meeting.
Special resolution number 2: To authorise financial assistance to
related and inter-related companies
For (1) Against (1) Abstentions (2) Shares voted
(3)
82 351 348 being 100 being 0.00% 811 000 being 82 351 448 being
100.00% 0.36% 36.73%
Special resolution number 3: To provide general authority to acquire
(“repurchase”) shares.
For (1) Against (1) Abstentions (2) Shares voted
(3)
82 324 476 being 26 972 being 811 000 being 82 351 448 being
99.97% 0.03% 0.36% 36.73%
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 annual 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.
Midrand
27 November 2019
Sponsor: Grindrod Bank Limited
Date: 27-11-2019 01:00:00
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