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ITALTILE LIMITED - Results of Annual General Meeting

Release Date: 16/11/2018 14:43
Code(s): ITE     PDF:  
Wrap Text
Results of Annual General Meeting

Italtile Limited
Incorporated in the Republic of South Africa
(Registration number: 1955/000558/06)
Share code: ITE ISIN: ZAE000099123
(“Italtile” or “the Company”)


RESULTS OF ANNUAL GENERAL MEETING


Shareholders are advised that, at the annual general meeting of Italtile held today, all the resolutions as set
out in the notice of the annual general meeting were passed by the requisite majority of shareholders.
The number of shares voted in person or by proxy was 1 157 905, representing 89% of the total issued
share capital of the same class of Italtile shares.
The resolutions proposed at the meeting, together with the percentage of shares abstained, as well as the
percentage of votes carried for and against each resolution, are set out below:

                                                                        % of votes     % of votes
                                                                    carried for the   against the  % of shares
 Resolution                                                             resolution     resolution    abstained
 
Ordinary Resolution No 1: Re-election of directors
 1.1. Re-election of Mr G A M Ravazzotti                                    99.18          0.82           1.24
 1.2. Re-election of Mrs S M du Toit                                          100              -          0.01
 1.3. Re-election of Ms N Medupe                                              100              -          0.01
 
Ordinary Resolution No 2: Election of directors
 2.1. Election of Ms N P Khoza                                                100              -          0.01
 2.2. Election of Ms T T A Mhlanga                                            100              -          0.01
 2.3. Election of Ms L Ravazzotti Langenhoven                               99.39           0.61          0.01
 
Ordinary Resolution No 3: Re-appointment of external                                                     
 auditors                                                                   94.48           5.52          0.01
 
Ordinary Resolution No 4: Election of Audit and Risk                                                   
Committee
 4.1. Ms S M du Toit                                                        96.98           3.02          0.01
 4.2. Ms N V Mtetwa                                                         99.39           0.61          0.01
 4.3. Ms N Medupe                                                             100              -          0.01
 4.4. Mr S G Pretorius                                                        100              -          0.01
 
Ordinary Resolution No 5: Non-binding advisory vote on
the Company’s remuneration policy and implementation
report
 5.1. Endorsement of the Company’s remuneration policy                      82.35          17.65          0.01
 5.2. Endorsement of the Company’s implementation report                    83.04          16.96          0.01
 
Ordinary Resolution No 6: Unissued shares to be placed
under the control of the directors                                          80.32          19.68          0.01
 
Ordinary Resolution No 7: General authority to issue
shares, and to sell treasury shares, for cash                               82.18          17.82          0.01
 
Special Resolution No 1: Acquisition of own securities                      98.41           1.59          0.01
 
Special Resolution No 2: Financial assistance to related
and inter-related entities                                                  95.95           4.05          0.01
 
Special Resolution No 3: Approval of non-executive
directors’ remuneration                                                     98.39           1.61          0.01
 
Ordinary Resolution No 8: Authority to sign documentation                     100              -          0.01


Johannesburg
16 November 2018

Sponsor
Merchantec Capital

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