JASCO ELECTRONICS HOLDINGS LIMITED - Results of general meeting regarding the disposal of Electrical Manufacturers (the "Disposal")

Results of general meeting regarding the disposal of Electrical Manufacturers (the "Disposal")

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 GENERAL MEETING REGARDING THE DISPOSAL OF ELECTRICAL
MANUFACTURERS (“THE DISPOSAL”)

Shareholders are referred to the posting of circular announcement
released on SENS on 19 December 2019 and are hereby advised that at
the general meeting of shareholders of the company held on Tuesday,
21 January 2020, all the proposed ordinary and special resolutions,
as set out in the notice of general meeting contained in the Circular
which was posted to shareholders on 19 December 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: 143 880 297 being
64.l6% of the Total Votable Ordinary Shares.

Ordinary resolution number 1: Approval of the Disposal Transaction
 For (1)          Against (1)      Abstentions (2) Shares voted
                                                    (3)
142 888 867       0 being 0%       991 430 being     142 888 867
being 100%                         0.44%             being 63.72%

Ordinary resolution number 2: Authorisation to implement Ordinary
Resolution number 1
 For (1)          Against (1)     Abstentions (2) Shares voted
                                                  (3)
142 888 867       0 being 0%       991 430 being     142 888 867
being 100%                         0.44%             being 63.72%

Special resolution number 1: Approval of non-executive
director’s fees
 For (1)          Against (1)      Abstentions (2) Shares voted
                                                    (3)
142 848 767       100 being 0%     1 031 430 being   142 848 867
being 100%                         0.46%             being 63.70%
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
22 January 2020
Sponsor: Grindrod Bank Limited

Date: 22-01-2020 12:20:00
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