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LABAT AFRICA LIMITED - Results of Annual General Meeting ("AGM")

Release Date: 18/03/2020 08:09
Code(s): LAB     PDF:  
 
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Results of Annual General Meeting ("AGM")

LABAT AFRICA LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1986/001616/06)
(“Labat” or “the Company”)
ISIN Code: ZAE 000018354 Share code: LAB


RESULTS OF ANNUAL GENERAL MEETING (“AGM”)


Further to the announcement released on SENS on 31 December 2019, shareholders are advised that at the
AGM of Labat held on 17 March 2020, convened in terms of the notice of AGM contained in the Annual
Report, the voting information is as follows:

Number of ordinary shares represented at the meeting                                           231 094 374
Total issued number of ordinary shares                                                         389 908 922
Percentage of ordinary shares represented at the meeting                                            59.27%

The resolutions proposed at the annual general meeting, together with the percentage of votes carried for
and against each resolution, are set out below:

                                                                   Number of votes

                                                          For        Against        Abstain    Total Votes
                                                           %               %   (% of issued     (excluding
                                                                             share capital)   abstentions)

 Ordinary Resolution Number 1 –                  230 937 882           2 000        154 000    230 939 882
 Approval of Financial Statements                  (100.00%)         (0.00%)        (0.04%)       (59.23%)

 Ordinary Resolution Number 2 –                  230 868 952          54 250        170 680    230 923 202
 Director retirement and re-election –              (99.98%)         (0.02%)        (0.04%)       (59.22%)
 Mr R Mohamed

 Ordinary Resolution Number 3 –                  230 921 982          17 900        154 000    230 939 882
 Re-appointment and remuneration of                 (99.99%)         (0.01%)        (0.04%)       (59.23%)
 auditors

 Ordinary Resolution Number 4 –                  230 868 952          54 250        170 680    230 923 202
 Appointment of Audit Committee                     (99.98%)         (0.02%)        (0.04%)       (59.22%)
 member – Mr R Mohamed

 Ordinary Resolution Number 5 –                  230 905 302          17 900        170 680    230 923 202
 Appointment of Audit Committee                     (99.99%)         (0.01%)        (0.04%)       (59.22%)
 member – Ms BA Penny

 Ordinary resolution Number 6 -                  230 868 952          54 250        170 680    230 923 202
 Re-appointment of Audit Committee                  (99.98%)         (0.02%)        (0.04%)       (59.22%)
 member – Ms RM Majiedt
 
 Ordinary Resolution Number 7 –                   230 487 840        401 362        204 680    230 889 202
 Endorsement of Labat’s Remuneration                 (99.83%)        (0.17%)        (0.05%)       (59.22%)
 Policy

 Ordinary Resolution Number 8 –                   230 487 840        401 362        204 680    230 889 202
 Endorsement of the implementation of                (99.83%)        (0.17%)        (0.05%)       (59.22%)
 Labat’s Remuneration Policy

 Ordinary Resolution Number 9 –                   230 496 840        443 042        154 000    230 939 882
 General authority to allot and issue                (99.81%)        (0.19%)        (0.04%)       (59.23%)
 shares for cash

 Special resolution number 1 – Authority to       230 487 840        435 362        170 680    230 923 202
 issue shares that may exceed 30% of the             (99.98%)        (0.19%)        (0.04%)       (59.22%)
 voting power of the current issued share
 capital

 Special resolution Number 2 – Non-               230 487 840        401 362        204 680    230 889 202
 Executive Director’s Remuneration                   (99.83%)        (0.17%)        (0.05%)       (59.22%)

 Special resolution Number 3 – General            230 538 520        401 362        154 000    230 939 882
 authority to enter into funding                     (99.83%)        (0.17%)        (0.04%)       (59.23%)
 agreements, provide loans or other
 financial assistance

 Special resolution Number 4 – General            230 574 870        365 012        154 000    230 939 882
 authority to repurchase the Company’s               (99.84%)        (0.16%)        (0.04%)       (59.23%)
 securities


By order of the board.

Johannesburg
18 March 2020

Sponsor
Arbor Capital Sponsors

Date: 18-03-2020 08:09:00
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