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Results of annual general meeting and changes to the board
New Frontier Properties Ltd
(Incorporated in the Republic of Mauritius on 5 June 2014)
(Registration number 123368C1/GBL)
SEM share code: NFP.N000
JSE share code: NFP
ISIN: MU0453N00004
(“New Frontier” or the “Company”)
RESULTS OF ANNUAL GENERAL MEETING AND CHANGES TO THE BOARD
Details of the results of voting at the annual general meeting of shareholders held on Monday, 24 February 2020 (in
terms of the notice of annual general meeting dispatched to shareholders on Friday, 20 December 2019), are as follows:
- total number of New Frontier shares that could have been voted at the annual general meeting: 160,935,407
- total number of New Frontier shares that were present/represented at the annual general meeting: 104 972 448, being
65.23% of the total number of New Frontier shares that could have been voted at the annual general meeting.
Ordinary resolution 1: To receive and adopt the audited annual financial statements for the year ended 31 August
2019, together with the directors’ report and independent auditor’s report thereon
Shares voted* For Against Abstentions^
104 972 448 104 954 698, being 99.98% 17 750, being 0.02% 0, being 0%
Ordinary resolution 2.1: To re-elect Michael Riley as a director
Shares voted* For Against Abstentions^
104 972 448 3 177 871, being 3.03% 101 794 577, being 96.97% 0, being 0%
Ordinary resolution 2.2: To re-elect Patrick Smith as a director
Shares voted* For Against Abstentions^
104 972 448 3 177 871, being 3.03% 101 794 577, being 96.97% 0, being 0%
Ordinary resolution 2.3: To re-elect George Titan as a director
Shares voted* For Against Abstentions^
104 972 448 3 177 871, being 3.03% 101 794 577, being 96.97% 0, being 0%
Ordinary resolution 2.4: To confirm the appointment of Baboo Ramgolam as a director
Shares voted* For Against Abstentions^
104 972 448 3 177 871, being 3.03% 101 794 577, being 96.97% 0, being 0%
Ordinary resolution 2.5: To re-elect Dean Harris as a director
Shares voted* For Against Abstentions^
104 972 448 101 856 104, being 97.03% 3 116 344, being 2.97% 0, being 0%
Ordinary resolution 2.6: To re-elect Franz Gmeiner as a director
Shares voted* For Against Abstentions^
104 972 448 104 954 698, being 99.98% 17 750, being 0.02% 0, being 0%
Ordinary resolution 2.7: To re-elect Rob Vallance as a director
Shares voted* For Against Abstentions^
104 972 448 104 954 698, being 99.98% 17 750, being 0.02% 0, being 0%
Ordinary resolution 3: To re-appoint BDO and Co., and Rookaya Chantry as independent auditor and designated
partner respectively
Shares voted* For Against Abstentions^
104 972 448 104 954 698, being 99.98% 17 750, being 0.02% 0, being 0%
Ordinary resolution 4: To approve the remuneration of the auditors
Shares voted* For Against Abstentions^
104 972 448 104 954 698, being 99.98% 17 750, being 0.02% 0, being 0%
Ordinary resolution 5: To approve the remuneration of the non-executive directors
Shares voted* For Against Abstentions^
104 972 448 3 177 871, being 3.03% 101 794 577, being 96.97% 0, being 0%
Ordinary resolution 6: To authorise the board of directors to issue shares
Shares voted* For Against Abstentions^
104 972 448 79 277, being 0.08% 104 893 171, being 99.92% 0, being 0%
Ordinary resolution 7: To grant the board of directors a general authority to issue shares for cash
Shares voted* For Against Abstentions^
104 972 448 79 277, being 0.08% 104 893 171, being 99.92% 0, being 0%
Ordinary resolution 8: To endorse the remuneration policy by way of a non-binding advisory vote
Shares voted* For Against Abstentions^
104 972 448 79 277, being 0.08% 104 893 171, being 99.92% 0, being 0%
Ordinary resolution 9: To endorse the remuneration implementation report by way of a non-binding advisory vote
Shares voted* For Against Abstentions^
104 972 448 79 277, being 0.08% 104 893 171, being 99.92% 0, being 0%
Special resolution 1: Waiver of pre-emptive rights
Shares voted* For Against Abstentions^
104 972 448 79 277, being 0.08% 104 893 171, being 99.92% 0, being 0%
* shares excluding abstentions
^ in relation to total shares in issue
As Michael Riley, Patrick Smith, George Titan and Baboo Ramgolam were not re-elected as directors of the Company,
they have accordingly retired from the board of directors of New Frontier (“Board”), effective from the conclusion of
the annual general meeting.
The Board wishes to thank Michael, Patrick, George and Baboo for their valuable contribution and commitment to the
Company during this challenging period.
In respect of the non-binding advisory votes on the endorsement of the remuneration policy and the endorsement of the
implementation report, New Frontier will commence an engagement process with the dissenting shareholders to
ascertain their concerns on both the remuneration policy and remuneration implementation report. New Frontier extends
an invitation to all shareholders who have concerns on the remuneration policy and/or the remuneration implementation
report, to address their concerns to the chairperson of the board, Franz Gmeiner, by 24 March 2020 via e-mail to the
company secretary, Osiris Corporate Solutions, at kirtee@ocs.world.
New Frontier will consider all concerns and take steps to address legitimate and reasonable objections and concerns.
New Frontier holds primary listings on the Stock Exchange of Mauritius Ltd (“SEM”) and the Alternative Exchange of
the Johannesburg Stock Exchange (“JSE”).
By order of the Board
25 February 2020
This notice is issued pursuant to SEM Listing Rule 11.3. The Board of New Frontier Properties Ltd accepts full
responsibility for the accuracy of the information in this notice.
For further information please contact:
JSE sponsor
Java Capital
+27 11 722 3050
SEM sponsor
GB Capital
+230 650 4054
Company secretary
Osiris Corporate Solutions (Mauritius) Ltd
+230 650 4030
Date: 25-02-2020 01:30:00
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