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SANLAM LIMITED - Results of the Sanlam Annual General Meeting

Release Date: 11/06/2020 11:00
Code(s): SLM     PDF:  
 
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Results of the Sanlam Annual General Meeting

Sanlam Limited
(Incorporated in the Republic of South Africa)
Registration number 1959/001562/06
JSE share code: SLM
NSX share code: SLA
A2X share code: SLM
ISIN: ZAE000070660
(“Sanlam” or the “Company”)


Results of the Sanlam Annual General Meeting

Shareholders are referred to the announcement released on the JSE Stock Exchange News Service on
25 May 2020 regarding the withdrawal of ordinary resolution 5.2 (“Re-Election of PB Hanratty as a non-
executive director”) and ordinary resolution 7.2 (“The Appointment of PB Hanratty as a member of the
Audit Committee”).

Accordingly, shareholders are advised that the special and ordinary resolutions proposed in the notice to
shareholders dated 13 March 2020, other than ordinary resolutions 5.2 and 7.2 referred to above, were
passed by the requisite majority of votes of shareholders present in person or represented by proxy at the
22nd annual general meeting held on Wednesday, 10 June 2020 at 14:00 (“Annual General Meeting”).

As at Friday, 29 May 2020, being the Annual General Meeting record date (“Voting Record Date”), the total
number of Sanlam ordinary shares of 1 cent each in issue was 2 226 974 408 (“Sanlam Issued Ordinary
Shares”).

The Sanlam ordinary shares eligible to vote by being present in person or by submitting proxies was
1 605 098 822, being 73% of Sanlam Issued Ordinary Shares.

The voting details with respect to the proposed resolutions were as follows:

1.   Ordinary Resolution No 1 – Presenting the Sanlam Annual Reporting (incorporating the
     Integrated Report, Corporate Governance Report, Remuneration Report and Annual Financial
     Statements) for the year ended 31 December 2019


                                                                                       Ordinary Shares
                         Total Ordinary Shares voted
                                                                                             abstained
     For (%)(1)        Against (%)(1)            Number                  %(2)              %(2)
       100                  0.00             1,600,242,100              71.86              0.22

2.   Ordinary Resolution No 2 – Re-appointment of Ernst & Young Inc. as independent auditors for
     the 2020 financial year with Mr C du Toit as the individual and designated auditor


                                                                                       Ordinary Shares
                        Total Ordinary Shares voted
                                                                                             abstained
     For (%)(1)        Against (%)(1)            Number                %(2)              %(2)
      74.77                25.23             1,603,233,343            71.99              0.08
                                                      

3.   Ordinary Resolution No 3 – Appointment of KPMG Inc. as joint independent auditors with effect
     from the 2021 financial year


                                                                                            Ordinary Shares
                       Total Ordinary Shares voted
                                                                                                  abstained
     For (%)(1)       Against (%)(1)              Number               %(2)                  %(2)
      98.14               1.86              1,603,233,143              71.99                 0.08

4.   Ordinary Resolution No 4 - Appointment of directors


                                                                                                    Ordinary
                                          Total Ordinary Shares voted                                Shares
                                                                                                    abstained
     Directors               For         Against
                                                                Number               %(2)             %(2)
                            (%)(1)        (%)(1)
 4.1 AS Birrell             99.11          0.89              1,603,225,194          71.99             0.08
 4.2 E Masilela             99.45          0.55              1,603,223,635          71.99             0.08
 4.3 JP Möller              95.14          4.86              1,603,212,376          71.99             0.08

5.   Ordinary Resolution No 5 – Re-election of directors


                                                                                                    Ordinary
                                          Total Ordinary Shares voted                                Shares
                                                                                                    abstained
     Director                               Against
                           For (%)(1)                           Number             %(2)               %(2)
                                             (%)(1)
 5.1 RV Simelane            88.57            11.43            1,603,216,568        71.99           0.08
 5.2 PB Hanratty       Withdrawn        Withdrawn          Withdrawn           Withdrawn     Withdrawn


6.   Ordinary Resolution No 6 – Re-election of executive directors


                                                                                                    Ordinary
                                          Total Ordinary Shares voted                                Shares
                                                                                                    abstained
     Director                               Against
                           For (%)(1)                           Number             %(2)               %(2)
                                             (%)(1)
 6.1 HC Werth                96.78           3.22            1,603,215,270         71.99              0.08
 6.2 JM Modise              96.97            3.03            1,603,198,198         71.99              0.09
                                                        
 7. Ordinary Resolution No 7 – Election of the members of Sanlam Audit, Actuarial and Finance
    Committee (“Audit Committee”)


                                                                                                    Ordinary
                                             Total Ordinary Shares voted                             Shares
                                                                                                    abstained
        Directors                             Against
                             For (%)(1)                          Number                  %(2)          %(2)
                                               (%)(1)
     7.1 AS Birrell           99.58             0.42           1,603,225,615        71.99              0.08
     7.2 P Hanratty         Withdrawn       Withdrawn       Withdrawn          Withdrawn         Withdrawn

     7.3 M Mokoka              89.25           10.75          1,603,053,469             71.98          0.09
     7.4 KT Nondumo            99.85           0.15           1,603,211,355             71.99          0.08
     7.5 JP Möller             88.68           11.32          1,603,210,866             71.99          0.08

 8. Ordinary Resolution No 8 – Advisory vote on the Company’s remuneration policy and the
    remuneration implementation report


                                                                                                   Ordinary
                                            Total Ordinary Shares voted                             Shares
                                                                                                   abstained
                                    For         Against
                                                                    Number               %(2)         %(2)
                                   (%)(1)        (%)(1)
8.1 Remuneration policy            94.85         5.15            1,601,270,935           71.90        0.17
8.2 Remuneration
   implementation report           78.12         21.88           1,568,041,130           70.41        1.66

9.    Ordinary Resolution No 9 – To note the total amount of non-executive directors’ and executive
      directors’ remuneration for the financial year ended 31 December 2019


                                                                                                   Ordinary
                              Total Ordinary Shares voted                                           Shares
                                                                                                   abstained
            For (%)(1)     Against (%)(1)              Number                    %(2)                 %(2)
             99.95             0.05              1,601,945,307                   71.93               0.14

10. Ordinary Resolution No 10 – To place unissued ordinary shares under the control of the directors


                                                                                                   Ordinary
                              Total Ordinary Shares voted                                           Shares
                                                                                                   abstained
            For (%)(1)     Against (%)(1)              Number                    %(2)                 %(2)
             95.90             4.10              1,603,232,366                   71.99               0.08
                                                     

11. Ordinary Resolution No 11 – General authority to issue shares for cash


                                                                                            Ordinary
                              Total Ordinary Shares voted                                    Shares
                                                                                            abstained
          For (%)(1)       Against (%)(1)           Number                  %(2)               %(2)
           95.52                4.48             1,603,232,096             71.99               0.08


 12. Ordinary Resolution No 12 – To authorise any director of the Company and, where applicable,
     the secretary of the Company (“Company Secretary”), to implement the aforesaid ordinary
     resolutions and the undermentioned special resolutions


                                                                                           Ordinary
                              Total Ordinary Shares voted                                   Shares
                                                                                           abstained
          For (%)(1)       Against (%)(1)           Number                 %(2)               %(2)
           99.41                0.59             1,603,232,361            71.99               0.08

 13. Special Resolution No 1 – Approval of the non-executive directors’ remuneration for their
     services as directors


                                                                                            Ordinary
                              Total Ordinary Shares voted                                    Shares
                                                                                            abstained
            For (%)(1)          Against (%)(1)           Number               %(2)             %(2)
              99.61                 0.39             1,601,276,699           71.90             0.17

 14. Special Resolution No 2 – Authority to the Company or a subsidiary of the Company to acquire
     the Company’s securities


                                                                                            Ordinary
                              Total Ordinary Shares voted                                    Shares
                                                                                            abstained
            For (%)(1)          Against (%)(1)           Number               %(2)             %(2)
              99.51                 0.49             1,601,971,943           71.93             0.14

    (1)     Expressed as a percentage of Sanlam voteable ordinary shares for each resolution.
    (2)     Expressed as a percentage of 2 226 974 408 Sanlam ordinary shares in issued as at the Voting
            Record Date.

 Group Company Secretary
 Sana-Ullah Bray
 Sana-ullah.bray@sanlam.co.za
                                         

Bellville
11 June 2020
Sponsor
The Standard Bank South Africa Limited

Date: 11-06-2020 11:00:00
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