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ADAPT IT HOLDINGS LIMITED - Results of Annual General Meeting

Release Date: 27/11/2020 15:47
Code(s): ADI     PDF:  
Wrap Text
Results of Annual General Meeting

Adapt IT Holdings Limited
Incorporated in the Republic of South Africa
(Registration number 1998/017276/06)
Share code: ADI   ISIN: ZAE000113163
(“Adapt IT” or “the company” or “the group”)


Shareholders are advised that, at the annual general meeting of Adapt IT held today, all the resolutions as
set out in the notice of annual general meeting were passed by the requisite majority of shareholders, save

Ordinary resolution 10: “Approval to issue ordinary shares, and to sell treasury shares, for cash”, which in
terms of the Listings Requirements of JSE Limited (“JSE Listings Requirements”), requires approval by a
75% majority of votes cast by shareholders present or represented by proxy and entitled to vote.

The number of shares voted in person or by proxy was 66 673 616, representing 48,57% of the total issued
share capital of the same class of Adapt IT shares.

The resolutions proposed at the meeting, together with the percentage of votes carried for and against each
resolution, as well as the percentage of shares abstained, are set out below:

                                                                      % of votes      % of votes
                                                                       carried for   against the   % of shares
Resolution                                                         the resolution     resolution    abstained

Special resolution 1: Approval of non-executive directors’
fees                                                                      99,47           0,53           0,34
Special resolution 2: General approval to acquire own shares              90,00          10,00           2,80
Special resolution 3: Loans or other financial assistance to
related companies                                                         99,87           0,13           0,42
Ordinary resolution 1: To receive, consider and adopt the
annual financial statements of the company and the group for
the financial year ended 30 June 2020                                     99,99           0,01           0,33
Ordinary resolution 2: Re-election of Mr O Fortuin as a
director                                                                  99,98           0,02           0,34
Ordinary resolution 3: Re-election of Ms C Koffman as a
director                                                                  99,97           0,03           0,34
Ordinary resolution 4: Re-appointment of Ms Z Nyanga to
the Audit and Risk Committee                                              99,96           0,04           0,33
Ordinary resolution 5: Re-appointment of Mr O Fortuin to the
Audit and Risk Committee                                                  99,98           0,02           0,34
Ordinary resolution 6: Re-appointment of Ms C Koffman to
the Audit and Risk Committee                                              99,97           0,03           0,34
Ordinary resolution 7: Appointment of the Independent
Registered Auditor                                                        99,98           0,02           0,32
Ordinary resolution 8: Non-binding advisory endorsement of
the Remuneration Policy                                                   99,75           0,25           0,36
Ordinary resolution 9: Non-binding advisory endorsement of
the Implementation Report                                                 99,91           0,09           0,36
Ordinary resolution 10: Approval to issue ordinary shares,
and to sell treasury shares, for cash                                     58,65          41,35           0,35
Ordinary resolution 11: Signature of documents                            99,98           0,02           0,34

27 November 2020

Merchantec Capital

Date: 27-11-2020 03:47:00
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