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Results of the Sanlam Annual General Meeting - 2021
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 - 2021
Shareholders are advised that the special and ordinary resolutions proposed in the notice to shareholders
dated 19 March 2021 were (except for ordinary resolution 8.2) passed by the requisite majority of votes of
shareholders present in person or represented by proxy at the 23rd annual general meeting held on
Wednesday, 09 June 2021 at 14:00 (“Annual General Meeting”). Please refer to the invitation at the bottom
of this notice for an invitation to provide inputs on the 2020 Remuneration Implementation Report.
As at Friday, 28 May 2021, 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 through electronic communication in person or
by submitting proxies was 1 641 650 631 being 73.72% 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 2020
Ordinary Shares
Total Ordinary Shares voted
abstained
For (%)(1) Against (%)(1) Number %(2) %(2)
98.96 1.04 1,638,799,811 73.59 0.13
2. Ordinary Resolution No 2 – Re-appointment of Ernst & Young Inc. as independent auditors for
the 2021 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)
72.75 27.25 1,639,546,948 73.62 0.09
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)
99.75 0.25 1,639,546,938 73.62 0.09
4. Ordinary Resolution No 4 - Appointment of director
Ordinary
Total Ordinary Shares voted Shares
abstained
Director For Against
Number %(2) %(2)
(%)(1) (%)(1)
4.1 NAS Kruger 99.67 0.33 1,639,542,389 73.62 0.09
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 M Mokoka 96.71 3.29 1,633,287,660 73.34 0.38
5.2 KT Nondumo 94.35 5.65 1,639,539,103 73.62 0.09
5.3 J van Zyl 78.65 21.35 1,626,555,034 73.04 0.68
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 PB Hanratty 96.28 3.72 1,639,545,803 73.62 0.09
6.2 AM Mukhuba 95.66 4.34 1,639,538,730 73.62 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 99.73 0.27 1,633,290,604 73.34 0.38
7.2 NAS Kruger 99.87 0.13 1,639,542,379 73.62 0.09
7.3 M Mokoka 97.33 2.67 1,633,287,845 73.34 0.38
7.4 JP Möller 81.25 18.75 1,633,287,445 73.34 0.38
7.5 KT Nondumo 99.74 0.26 1,632,802,778 73.32 0.40
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 89.28 10.72 1,639,544,642 73.62 0.09
8.2 Remuneration 73.92 26.08 1,638,100,029 73.56 0.16
implementation report
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 2020
Ordinary
Total Ordinary Shares voted Shares
abstained
For (%)(1) Against (%)(1) Number %(2) %(2)
100.00 0.00 1,639,436,606 73.62 0.10
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)
94.67 5.33 1,639,546,326 73.62 0.09
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)
94.60 5.40 1,639,545,862 73.62 0.09
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)
99.96 0.04 1,639,542,627 73.62 0.09
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)
98.95 1.05 1,639,542,478 73.62 0.09
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)
99.15 0.85 1,639,436,589 73.62 0.10
15. Special Resolution No 3 – General authority to provide financial assistance in terms of section
44 of the Companies Act
Ordinary
Total Ordinary Shares voted Shares
abstained
For (%)(1) Against (%)(1) Number %(2) %(2)
98.96 1.04 1,639,543,115 73.62 0.09
16. Special Resolution No 4 – General authority to provide financial assistance in terms of section
45 of the Companies Act
Ordinary
Total Ordinary Shares voted Shares
abstained
For (%)(1) Against (%)(1) Number %(2) %(2)
98.45 1.55 1,639,545,431 73.62 0.09
(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.
INVITATION TO SHAREHOLDERS TO PROVIDE INPUTS ON THE 2020 REMUNERATION
IMPLEMENTATION REPORT
Shareholders of Sanlam are further advised that due to ordinary resolution number 8.2 (relating to the non-
binding advisory vote on the Company’s 2020 Remuneration Implementation Report) being voted against by
26,08% of shareholders present in person or represented by proxy at the AGM an invitation is extended to
such dissenting shareholders to engage with the Company as follows:
1) All dissenting shareholders to furnish their written concerns on the 2020 Remuneration Implementation
Report (that was the subject matter of the aforementioned ordinary resolution 8.2) to the Head of Group
Reward (Julia.Fourie@sanlam.co.za) by no later than close of business on Wednesday, 23 June 2021.
2) The chair of the Group Human Resources and Remuneration Committee together with the Company’s
management, will arrange appropriate and individual engagements with such dissenting shareholders by
no later than Wednesday, 14 July 2021 to discuss the concerns raised.
Group Company Secretary
Sana-Ullah Bray
Sana-ullah.bray@sanlam.co.za
Bellville
11 June 2021
Sponsor
The Standard Bank South Africa Limited
Date: 11-06-2021 03:00:00
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