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VUNANI LIMITED - Results of Annual General Meeting

Release Date: 31/07/2018 15:00
Code(s): VUN     PDF:  
Wrap Text
Results of Annual General Meeting

VUNANI LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1997/020641/06)
JSE code: VUN
ISIN: ZAE000163382
(“Vunani” or “the Company”)

RESULTS OF ANNUAL GENERAL MEETING

Shareholders are advised that the annual general meeting of
shareholders of the company was held today, 31 July 2018. In terms
of the proposed ordinary and special resolutions, all resolutions
as set out in the notice of annual general meeting contained in the
integrated report which was posted to shareholders on 29 June 2018,
were passed by the requisite majority of shareholders present and
voting, in person or by proxy.

Details of the results of voting at the general meeting are as
follows:
- Total number of issued ordinary shares: 164 896 942
- Total number of issued ordinary shares net of treasury shares
(“Total Votable Ordinary Shares”): 159 844 362
-   Total   number   of   issued   ordinary    shares which were
present/represented at the general meeting: 133 205 010 being
83.33419% of the Total Votable Ordinary Shares.

Ordinary Resolutions
Ordinary resolution 1: Re-election of GS Nzalo as an independent
non-executive director
For (1)           Against (1)      Abstentions (2)  Shares voted (3)
133 204 441       69 being         500 being        133 204 510
being 99.99957%   0.00005%         0.00031%         being 83.33388%

Ordinary resolution 2: Re-election   of XP Guma as an independent
non-executive director
For (1)           Against (1)        Abstentions (2)   Shares voted (3)
133 204 441       69 being           500 being         133 204 510
being 99.99957%   0.00005%           0.00031%          being 83.33388%

Ordinary resolution 3: Re-election of NS Mazwi as an independent
non-executive director
For (1)           Against (1)      Abstentions (2)  Shares voted (3)
133 204 441       69 being         500 being        133 204 510
being 99.99957%   0.00005%         0.00031%         being 83.33388%

Ordinary resolution 4: Re-election of JR Macey as an independent
non-executive director
For (1)           Against (1)      Abstentions (2)  Shares voted (3)
133 204 441       69 being         500 being        133 204 510
being 99.99957%   0.00005%         0.00031%         being 83.33388%
Ordinary resolution 5: Re-election of GS Nzalo as a member and
chairman of the audit and risk committee
For (1)           Against (1)        Abstentions (2) Shares voted (3)
133 204 441       69 being           500 being       133 204 510
being 99.99995%   0.00005%           0.00031%        being 83.33388%

Ordinary resolution 6: Re-election of JR Macey as a member of the
audit and risk committee
For (1)           Against (1)       Abstentions (2)  Shares voted (3)
133 204 441       69 being          500 being        133 204 510
being 99.99995%   0.00005%          0.00031%         being 83.33388%

Ordinary resolution 7:Re-election of NS Mazwi as a member of the
audit and risk committee
For (1)           Against (1)       Abstentions (2) Shares voted (3)
133 204 441       69 being          500 being       133 204 510
being 99.99995%   0.00005%          0.00031%        being 83.33388%

Ordinary resolution 8: Re-appointment of KPMG Inc. as the auditor
of the company
For (1)           Against (1)       Abstentions (2)  Shares voted (3)
133 204 341       169 being         500 being        133 204 510
being 99.99987%   0.00013%          0.00031%         being 83.33388%

Ordinary resolution 9: General authority to directors to allot and
issue authorised but unissued ordinary shares
For (1)           Against (1)        Abstentions (2)   Shares voted (3)
133 204 441       69 being           500 being         133 204 510
being 99.99995%   0.00005%           0.00031%          being 83.33388%

Ordinary resolution 10: General authority to directors to allot and
issue ordinary shares for cash
For (1)           Against (1)        Abstentions (2)   Shares voted (3)
123 404 441       9 800 069 being    500 being         133 204 510
being 92.64284%   7.35716%           0.00031%          being 83.33388%

Ordinary resolution 11: Approval of remuneration policy (non-
binding advisory vote)
For (1)           Against (1)        Abstentions (2)   Shares voted (3)
133 204 441       69 being           500 being         133 204 510
being 99.99995%   0.00005%           0.00031%          being 83.33388%

Ordinary resolution 12: Approval of remuneration implementation
report (non-binding advisory vote)
For (1)           Against (1)        Abstentions (2)   Shares voted (3)
123 404 441       9 800 069 being    500 being         133 204 510
being 92.64284%   7.35716%           0.00031%          being 83.33388%

Special resolution 1: Approval of remuneration payable to non-
executive directors
For (1)           Against (1)         Abstentions (2)    Shares voted (3)
133 204 441       69 being            500 being          133 204 510
being 99.99995%   0.00005%            0.00031%           being 83.33388%

Special resolution 2: Repurchase of company shares
For (1)           Against (1)        Abstentions (2)     Shares voted (3)
133 204 441       69 being           500 being           133 204 510
being 99.99995%   0.00005%           0.00031%            being 83.33388%

Special resolution 3: Financial assistance
For (1)           Against (1)        Abstentions (2)     Shares voted (3)
133 204 441       69 being           500 being           133 204 510
being 99.99995%   0.00005%           0.00031%            being 83.33388%

Special resolution 4: Amendment of the Conditional Share Plan
Special resolution 4 was withdrawn at the annual general meeting.

Ordinary resolution 13: Directors’ authority to sign documentation
For (1)           Against (1)        Abstentions (2)   Shares voted (3)
133 204 441       69 being           500 being         133 204 510
being 99.99995%   0.00005%           0.00031%          being 83.33388%

Notes:
(1) The votes carried for and against each individual resolution
are disclosed as a percentage in relation to the total number of
ordinary shares voted (whether in person or by proxy) in respect of
such individual resolution at the general meeting.
(2) The total number of ordinary shares abstained in respect of
each individual resolution (whether in person or by proxy) is
disclosed as a percentage in relation to the Total Votable Ordinary
Shares.
(3) The total number of ordinary shares voted (whether in person or
by proxy) at the annual general meeting in respect of each
individual resolution is disclosed as a percentage in relation to
the Total Votable Ordinary Shares.

Sandton
31 July 2018

Designated Adviser
Grindrod Bank Limited

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