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Results of the Eighty-Fouth Annual General Meeting of Sappi
Sappi Limited
(Incorporated in the Republic of South Africa)
Registration number: 1936/008963/06
JSE share code: SAP
ISIN code: ZAE000006284
("Sappi" or the "Company")
RESULTS OF THE EIGHTY-FOUTH ANNUAL GENERAL MEETING OF SAPPI
Shareholders are advised that at the Annual General Meeting of shareholders of the
Company held on Wednesday, 03 February 2021 at 14:00 all the resolutions tabled thereat
were passed by the requisite majority of shareholders.
Details of the results of voting at the Annual General Meeting are as follows :
- total number of Sappi ordinary shares in issue as at the date of the Annual General
Meeting : 552 860 538
- total number of Sappi shares that could have been voted at the Annual General Meeting
(excluding the treasury shares) : 547 402 321
- total number of Sappi shares that were present/represented at the Annual General
Meeting : 502 567 823 being 90.90% of the total number of Sappi shares that could have
been voted at the Annual General Meeting.
1. Ordinary resolution number 1 – Receipt and acceptance of 2020 Group
Annual Financial Statements, including Directors’ Report, Auditors’ Report
and Audit and Risk Committee Report
For Against Abstain Shares voted
500, 460, 614 18, 676 1, 979, 095 500, 479, 290
100.00% 0.00% 0.36% 90.53% 1
0.36% 90.53% 2
2. Ordinary resolution number 2.1 – Re-election of Ms ZN Malinga as a director
of Sappi
For Against Abstain Shares voted
500, 319, 429 136, 007 2, 002, 949 500, 455, 436
99.97% 0.03% 0.36% 90.52% 1
0.36% 90.52% 2
3. Ordinary resolution number 2.2 – Re-election of Mr V Moosa as a director of
Sappi
For Against Abstain Shares voted
420, 764, 258 80, 632, 484 1, 061, 643 501, 396, 742
83.92% 16.08% 0.19% 90.69% 1
0.19% 90.69% 2
4. Ordinary resolution number 2.3 – Re-election of Mr RJAM Renders as a
director of Sappi
For Against Abstain Shares voted
498, 178, 819 3, 216, 643 1,062,923 501,395,462
99.36% 0.64% 0.19% 90.69% 1
0.19% 90.69% 2
5. Ordinary resolution number 2.4 – Re-election of Sir Nigel Rudd as a director
of Sappi
For Against Abstain Shares voted
363,360,229 138,035,903 1,062,253 501,396,132
72.47% 27.53% 0.19% 90.69% 1
0.19% 90.69% 2
6. Ordinary resolution number 3.1 – Election of Mr NP Mageza as member and
Chairman of the Audit and Risk
For Against Abstain Shares voted
391,196,508 110,200,824 1,060,653 501,397,332
78.02% 21.98% 0.19% 90.69% 1
0.19% 90.69% 2
7. Ordinary resolution number 3.2 – Election of Ms ZN Malinga as a member of
the Audit and Risk Committee
For Against Abstain Shares voted
499,112,843 2,181,607 1,163,535 501,294,450
99.56% 0.44% 0.21% 90.67% 1
0.21% 90.67% 2
8. Ordinary resolution number 3.3 – Election of Dr B Mehlomakulu as a
member of the Audit and Risk Committee
For Against Abstain Shares voted
414,549,146 77,770,234 10,138,605 492,319,380
84.20% 15.80% 1.83% 89.05% 1
1.83% 89.05% 2
9. Ordinary resolution number 3.4 – Election of Mr RJAM Renders as a
member of the Audit and Risk Committee
For Against Abstain Shares voted
496,933,719 4,459,920 1,064,346 501,393,639
99.11% 0.89% 0.19% 90.69% 1
0.19% 90.69% 2
10. Ordinary resolution number 3.5 – Election of Ms JE Stipp as a member of
the Audit and Risk Committee
For Against Abstain Shares voted
491,398,196 9,160,022 1,899,767 500,558,218
98.17% 1.83% 0.34% 90.54% 1
0.34% 90.54% 2
11. Ordinary resolution number 4 – Re-appointment of KPMG Inc. as auditors of
Sappi for the year ending September 2020 and until the next Annual General
Meeting of Sappi
For Against Abstain Shares voted
498,214,228 2,346,025 1,898,132 500,560,253
99.53% 0.47% 0.34% 90.54% 1
0.34% 90.54% 2
12. Ordinary resolution number 5 – Specific authority to issue ordinary shares
For Against Abstain Shares voted
497,654,103 4,753,917 50,365 502,408,020
99.05% 0.95% 0.01% 90.87% 1
0.01% 90.87% 2
13. Ordinary resolution number 6 – Non-binding endorsement of remuneration
policy
For Against Abstain Shares voted
484,202,272 17,189,481 1,066,632 501,391,753
96.57% 3.43% 0.19% 90.69% 1
0.19% 90.69% 2
14. Ordinary resolution number 7 – Non-binding endorsement of remuneration
implementation report
For Against Abstain Shares voted
479,881,839 21,507,527 1,069,019 501,389,366
95.71% 4.29% 0.19% 90.69% 1
0.19% 90.69% 2
15. Special resolution number 1 – Non-executive directors’ fees
For Against Abstain Shares voted
400,914,783 100,479,258 1,064,344 501,394,041
79.96% 20.04% 0.19% 90.69% 1
0.19% 90.69% 2
16. Special resolution number 2 – Authority for loans or other financial
assistance to related or inter-related companies or corporations
For Against Abstain Shares voted
496,132,598 5,265,519 1,060,268 501,398,117
98.95% 1.05% 0.19% 90.69% 1
0.19% 90.69% 2
17. Ordinary resolution number 8 – Authority for directors to sign all
documents and do all such things necessary to implement the above
resolutions
For Against Abstain Shares voted
501,380,294 19,050 1,059,041 501,399,344
100.00% 0.00% 0.19% 90.69% 1
0.19% 90.69% 2
1 Disclosed as a percentage of the voteable shares
2 Disclosed as a percentage of the total issued capital
04 February 2021
Sponsor : UBS South Africa (Pty) Ltd
Date: 04-02-2021 09:45:00
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