Wrap Text
Report on proceedings at the 2021 Annual General Meeting
Bid Corporation Limited
(Incorporated in the Republic of South Africa)
Registration number: 1995/008615/06
Share code: BID
ISIN: ZAE000216537
(“Bidcorp” or “the Company”)
REPORT ON PROCEEDINGS AT THE 2021 ANNUAL GENERAL MEETING
At the annual general meeting (“Annual General Meeting” or “the meeting”) of the shareholders of Bidcorp
held today, Thursday, November 25th 2021, the ordinary and special resolutions proposed at the meeting were
unaltered from that reflected in the Notice of Annual General Meeting and were approved by the requisite
majority of votes.
Total number of shares in issue 335,404,212
Treasury shares (excluded from voting) 1,195,242
Total number of shares (“voteable shares”) 334,208,970
Total number of shares represented (including proxies) at the meeting 270,576,018
Proportion of total voteable shares represented at the meeting 80,96%
Votes cast disclosed as a Shares voted Shares abstained
percentage of the total disclosed as a disclosed as a
Resolution number of shares voted at
Number of
percentage of percentage of the
Shares Voted
the meeting the total issued total issued
shares shares
For Against
Ordinary resolution number 1: Reappointment of external
100.00% 0.00% 269,838,649 80.45% 0.22%
1 auditor
Ordinary resolution number 2.1: Directorate - KR Moloko 100.00% 0.00% 269,838,242 80.45% 0.22%
2
Ordinary resolution number 2.2: Directorate - BL Berson 100.00% 0.00% 269,838,342 80.45% 0.22%
3
Ordinary resolution number 2.3: Directorate - NG Payne 82.24% 17.76% 269,838,342 80.45% 0.22%
4
Ordinary resolution number 2.4: Directorate - CJ Rosenberg 98.74% 1.26% 269,838,342 80.45% 0.22%
5
Ordinary resolution number 3.1: Election of audit and risk
95.83% 4.17% 269,838,342 80.45% 0.22%
6 committee member - T Abdool-Samad
Ordinary resolution number 3.2: Election of audit and risk
84.17% 15.83% 269,838,242 80.45% 0.22%
7 committee member - PC Baloyi
Ordinary resolution number 3.3: Election of audit and risk
8
99.40% 0.60% 269,838,242 80.45% 0.22%
committee member - KR Moloko
Ordinary resolution number 3.4: Election of audit and risk
9 83.25% 16.75% 269,838,342 80.45% 0.22%
committee member - NG Payne
Ordinary resolution number 3.5: Election of audit and risk
10 98.79% 1.21% 269,080,201 80.23% 0.45%
committee member - H Wiseman
Ordinary resolution number 4.1: Endorsement of Bidcorp
11 91.43% 8.57% 269,833,595 80.45% 0.22%
remuneration policy - Remuneration policy
Ordinary resolution number 4.2: Endorsement of Bidcorp
12 95.15% 4.85% 268,327,016 80.00% 0.67%
remuneration policy - Implementation of remuneration policy
Ordinary resolution number 5: General authority to directors to
13 86.97% 13.03% 269,838,972 80.45% 0.22%
allot and issue authorised but unissued ordinary shares
Ordinary resolution number 6: General authority to issue shares
14 87.23% 12.77% 269,838,649 80.45% 0.22%
for cash
Ordinary resolution number 7: Payment of dividend by way of
15 99.89% 0.11% 269,839,279 80.45% 0.22%
pro rata reduction of stated capital
Ordinary resolution number 8: Creation and issue of convertible
16 88.26% 11.74% 269,555,340 80.37% 0.30%
debentures
17 Ordinary resolution number 9: Directors’ authority to implement
99.86% 0.14% 269,839,163 80.45% 0.22%
special and ordinary resolutions
Special resolution number 1: General authority to acquire
18 (repurchase) shares 99.03% 0.97% 269,822,067 80.45% 0.22%
Special resolution number 2.1: Approval of non-executive
19 99.57% 0.43% 269,832,335 80.45% 0.22%
directors’ annual fees – 2021/2022: Chairman
Special resolution number 2.2: Approval of non-executive
20 directors’ annual fees – 2021/2022: Lead independent non? 99.88% 0.12% 269,832,335 80.45% 0.22%
executive director (SA)
Special resolution number 2.3: Approval of non-executive
21 directors’ annual fees – 2021/2022: Lead independent director 98.68% 1.32% 269,832,335 80.45% 0.22%
(International) (AUD)
Special resolution number 2.4: Approval of non-executive
22 99.89% 0.11% 269,832,335 80.45% 0.22%
directors’ annual fees – 2021/2022: Non-executive directors (SA)
Special resolution number 2.5: Approval of non-executive
23 directors’ annual fees – 2021/2022: Non-executive directors 98.68% 1.32% 269,832,335 80.45% 0.22%
(International) (AUD)
Special resolution number 2.6: Approval of non-executive
24 directors’ annual fees – 2021/2022: Audit and risk committee 99.86% 0.14% 269,832,335 80.45% 0.22%
chairman (International) (AUD)
Special resolution number 2.7: Approval of non-executive
25 directors’ annual fees – 2021/2022: Audit and risk committee 99.86% 0.14% 269,832,335 80.45% 0.22%
chairman (SA)
Special resolution number 2.8: Approval of non-executive
26 directors’ annual fees – 2021/2022: Audit and risk committee 99.89% 0.11% 269,832,335 80.45% 0.22%
member (SA)
Special resolution number 2.9: Approval of non-executive
27 directors’ annual fees – 2021/2022: Audit and risk committee 99.89% 0.11% 269,832,335 80.45% 0.22%
member (International) (AUD)
Special resolution number 2.10: Approval of non-executive
28 directors’ annual fees – 2021/2022: Remuneration committee 99.89% 0.11% 269,832,322 80.45% 0.22%
chairman (SA)
Special resolution number 2.11: Approval of non-executive
29 directors’ annual fees – 2021/2022: Remuneration committee 99.89% 0.11% 269,832,322 80.45% 0.22%
chairman (International) (AUD)
Special resolution number 2.12: Approval of non-executive
30 directors’ annual fees – 2021/2022: Remuneration committee 99.89% 0.11% 269,832,322 80.45% 0.22%
member (SA)
Special resolution number 2.13: Approval of non-executive
31 directors’ annual fees – 2021/2022: Remuneration committee 99.89% 0.11% 269,832,322 80.45% 0.22%
member (International) (AUD)
Special resolution number 2.14: Approval of non-executive
32 directors’ annual fees – 2021/2022: Nominations committee 99.89% 0.11% 269,836,535 80.45% 0.22%
chairman (SA)
Special resolution number 2.15: Approval of non-executive
33 directors’ annual fees – 2021/2022: Nominations committee 99.89% 0.11% 269,832,335 80.45% 0.22%
chairman (International) (AUD)
Special resolution number 2.16: Approval of non-executive
34 directors’ annual fees – 2021/2022: Nominations committee 99.89% 0.11% 269,833,735 80.45% 0.22%
member (SA)
Special resolution number 2.17: Approval of non-executive
35 directors’ annual fees – 2021/2022: Nominations committee 99.89% 0.11% 269,833,735 80.45% 0.22%
member (International) (AUD)
Special resolution number 2.18: Approval of non-executive
36 directors’ annual fees – 2021/2022: Acquisitions committee 99.89% 0.11% 269,832,335 80.45% 0.22%
chairman (SA)
Special resolution number 2.19: Approval of non-executive
37 directors’ annual fees – 2021/2022: Acquisitions committee 99.89% 0.11% 269,832,335 80.45% 0.22%
chairman (International) (AUD)
Special resolution number 2.20: Approval of non-executive
38 directors’ annual fees – 2021/2022: Acquisitions committee 99.89% 0.11% 269,832,335 80.45% 0.22%
member (SA)
Special resolution number 2.21: Approval of non-executive
39 directors’ annual fees – 2021/2022: Acquisitions committee 99.89% 0.11% 269,832,335 80.45% 0.22%
member (International) (AUD)
Special resolution number 2.22: Approval of non-executive
40 directors’ annual fees – 2021/2022: Social and ethics committee 99.89% 0.11% 269,832,335 80.45% 0.22%
chairman (SA)
Special resolution number 2.23: Approval of non-executive
41 directors’ annual fees – 2021/2022: Social and ethics committee 99.89% 0.11% 269,832,335 80.45% 0.22%
chairman (International) (AUD)
Special resolution number 2.24: Approval of non-executive
42 directors’ annual fees – 2021/2022: Social and ethics committee 99.89% 0.11% 269,832,335 80.45% 0.22%
member (SA)
Special resolution number 2.25: Approval of non-executive
43 directors’ annual fees – 2021/2022: Social and ethics committee 99.89% 0.11% 269,832,335 80.45% 0.22%
member (International) (AUD)
Special resolution number 2.26: Approval of non-executive
44 99.99% 0.01% 269,832,335 80.45% 0.22%
directors’ annual fees – 2021/2022: Ad hoc meeting (SA)
Special resolution number 2.27: Approval of non-executive
45 directors’ annual fees – 2021/2022: Ad hoc meeting 99.99% 0.01% 269,832,335 80.45% 0.22%
(International) (AUD)
Special resolution number 2.28: Approval of non-executive
46 directors’ annual fees – 2021/2022: Travel per meeting cycle 100.00% 0.00% 269,832,335 80.45% 0.22%
(SA)
Special resolution number 2.29: Approval of non-executive
47 directors’ annual fees – 2021/2022: Travel per meeting cycle 100.00% 0.00% 269,832,335 80.45% 0.22%
(International) (AUD)
Special resolution number 3: General authority to provide
48 financial assistance to related or inter-related companies and 97.73% 2.27% 269,838,533 80.45% 0.22%
corporations
The special resolution(s) will, where necessary, be lodged for registration with the Companies and
Intellectual Property Commission in due course.
CAPITAL MARKETS TRADING UPDATE
Shareholders are reminded that management will be hosting a capital markets trading update on
Wednesday, December 1st 2021 at 10h00 (SA time) where an operational update will be provided.
Full details are available on the Bidcorp website (www.bidcorpgroup.com).
Date: November 25th 2021
Johannesburg
Sponsor: The Standard Bank of South Africa Limited
Date: 25-11-2021 03:05:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
Sharenet Sites 
