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LONG4LIFE LIMITED - Results of the General Meeting

Release Date: 28/02/2022 10:47
Code(s): L4L     PDF:  
Wrap Text
Results of the General Meeting

LONG4LIFE LIMITED

(Incorporated in the Republic of South Africa)
(Registration number 2016/216015/06)
Share code: L4L ISIN: ZAE000243119
(“Long4Life” or “the Company” or “the Group”)


RESULTS OF THE GENERAL MEETING

Shareholders are advised that all the special resolutions proposed at the General Meeting (“GM”) held
today were passed by the requisite 75% of all of the voting rights exercised on the resolutions by
Long4Life’s shareholders (eligible to vote) present in person or represented by proxy at the AGM.
The voting results were as follows:
-   Total number of issued ordinary shares: 709 989 417 (“Issued Ordinary Shares”)
-   Total number of issued ordinary shares, net of treasury shares: 669 758 472 (“GM Total Voteable
    Shares”)
-   Total number of issued ordinary shares which were voted in person or represented by proxy:
    524 352 301 ordinary shares, being 74% of the Issued Ordinary Shares and 78% of the GM Total
    Voteable Shares.

Resolution                        Number of    Number of voted             For       Against    Abstained
                                shares voted    shares as a % of   % of shares   % of shares   % of shares
                                                shares in issue*      voted**       voted**      in issue*

Special resolution 1           523 967 204                73,80         89,92         10,08          0,06
Approval of the Scheme
Special resolution
Special resolution 2           523 979 204                73,80         99,41          0,59          0,06
Approval of the revocation
of Special Resolution
Number 1 if the Scheme is
not implemented

*Based on the Issued Ordinary Shares
**Based on the GM Total Voteable Shares

Shareholders are further referred to the announcement released on 14 October 2021 wherein the Company
advised that the CEO, Brian Joffe, would be relinquishing his position as CEO at the end of the 2022 financial
year and would be appointed Chairman at the time, following which the current Chairman, Graham Dempster,
will be assuming the role of Deputy-Chairman.

Following the outcome of the general meeting held today wherein the Scheme of Arrangement (in terms of
Section 114 (1) (c) read together with Section 115 of the Companies Act) proposed between the Company and
Old Mutual Private Equity Bidco (“the Scheme”) was approved, shareholders are advised that the CEO and
Chairman respectively will continue in their individual roles until such time as the Scheme conditions have
been fulfilled and/or waived where applicable, referred to as the Scheme Operative Date.


28 February 2022
Johannesburg
Sponsor
The Standard Bank of South Africa Limited

Date: 28-02-2022 10:47:00
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