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Results of annual general meeting
Primeserv Group Limited
Incorporated in the Republic of South Africa
(Registration number 1997/013448/06)
Share code: PMV ISIN: ZAE000039277
(“Primeserv” or “the Company”)
RESULTS OF ANNUAL GENERAL MEETING
Shareholders are advised that, at the annual general meeting held
on Friday, 29 November 2019, nine of the ten proposed ordinary and
all of the four special resolutions 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: 132 062 743
- Total number of issued ordinary shares net of treasury shares
(“Total Votable Ordinary Shares”): 87 594 198
- total number of issued ordinary shares which were
present/represented at the annual general meeting: 56 644 003 being
64.67% of the Total Votable Ordinary Shares.
Ordinary Resolutions
Ordinary resolution 1: To confirm the appointment of Mazars as
independent auditors of the Company and M Patel as the designated
auditor for the following year
For (1) Against (1) Abstentions (2) Shares voted (3)
56 644 003 being 0, being 0.00% 0, being 0.00% 56 644 003,
100.00% being 64.67%
Ordinary resolution 2.1: To confirm the re-appointment as director
for B Kali
For (1) Against (1) Abstentions (2) Shares voted (3)
47 061 684, 0, being 0.00% 9 582 319 being 47 061 684,
being 100.00% 10.94% being 53.73%
Ordinary resolution 2.2: To confirm the re-appointment as director
for LM Maisela
For (1) Against (1) Abstentions (2) Shares voted (3)
30 101 391, 0, being 0.00% 26 542 612, 30 101 391,
being 100.00% being 30.30% being 34.36%
Ordinary resolution 3.1: To elect as member of the Audit,
Governance and Risk Committee: DL Rose
For (1) Against (1) Abstentions (2) Shares voted (3)
47 061 684, 0, being 0.00% 9 582 319, being 47 061 684,
being 100.00% 10.94% being 53.73%
Ordinary resolution 3.2: To elect as member of the Audit,
Governance and Risk Committee: LM Maisela
For (1) Against (1) Abstentions (2) Shares voted (3)
30 101 391 being 0, being 0.00% 26 542 612, 30 101 391,
100.00% being 30.30% being 34.36%
Ordinary resolution 3.3: To elect as member of the Audit,
Governance and Risk Committee: B Kali
For (1) Against (1) Abstentions (2) Shares voted (3)
47 061 684, 0, being 0.00% 9 582 319, being 47 061 684,
being 100.00% 10.94% being 53.73%
Ordinary resolution 4: General authority to issue shares for cash
For (1) Against (1) Abstentions (2) Shares voted (3)
30 101 391, 25 848 319, 694 293, being 55 949 710,
being 53.80% being 46.20% 0.79% being 63.87%
Ordinary resolution 5: Non-Binding advisory vote to endorse the
Remuneration Policy
For (1) Against (1) Abstentions (2) Shares voted (3)
30 795 684, 9 582 319, being 16 266 000, 40 378 003,
being 76.27% 23.73% being 18.57% being 46.10%
Ordinary resolution 6: Non-Binding advisory vote to endorse the
Remuneration Implementation Report
For (1) Against (1) Abstentions (2) Shares voted (3)
30 795 684, 9 582 319, being 16 266 000, 40 378 003,
being 76.27% 23.73% being 18.57% being 46.10%
Ordinary resolution 7: Authority for directors or Company
Secretary to implement the resolutions
For (1) Against (1) Abstentions (2) Shares voted (3)
56 644 003 being 0, being 0.00% 0, being 0.00% 56 644 003,
100.00% being 64.67%
Special resolutions
Special resolution 1: To confirm the non-executive directors’
remuneration for 2018 and 2019
For (1) Against (1) Abstentions (2) Shares voted (3)
55 949 710, 0, being 0.00% 694 293, being 55 949 710,
being 100.00% 0.79% being 63.87%
Special resolution 2: To confirm the non-executive directors’
remuneration for 2020
For (1) Against (1) Abstentions (2) Shares voted (3)
47 061 684, 0, being 0.00% 9 582 319, being 47 061 684,
being 100.00% 10.94% being 53.73%
Special resolution 3: Authority to provide financial assistance to
related or inter-related companies of the Company
For (1) Against (1) Abstentions (2) Shares voted (3)
55 949 710, 0, being 0.00% 694 293, being 55 949 710,
being 100.00% 0.79% being 63.87%
Special resolution 4: General authority to repurchase shares
For (1) Against (1) Abstentions (2) Shares voted (3)
56 644 003, 0, being 0.00% 0, being 0.00% 57 644 003,
being 100.00% being 64.67%
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.
Illovo
29 November 2019
Sponsor
Grindrod Bank Limited
Date: 29-11-2019 01:35:00
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