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RCL FOODS LIMITED - Report on proceedings at the annual general meeting

Release Date: 20/11/2018 16:52
Code(s): RCL     PDF:  
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Report on proceedings at the annual general meeting

RCL FOODS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1966/004972/06)
Share code: RCL
ISIN: ZAE000179438
("RCL FOODS" or "the Company")

REPORT ON PROCEEDINGS AT THE ANNUAL GENERAL MEETING

At the 52nd (fifty second) annual general meeting ("AGM") of the shareholders of RCL FOODS held today,
20 November 2018, all the ordinary and special resolutions proposed at the meeting were approved by
the requisite majority of votes. In this regard, RCL FOODS confirms the voting statistics from the AGM
as follows:
                                                                                                        
Resolutions                           Votes carried disclosed     Number of             Shares voted          Shares
                                      as a percentage in          shares voted          disclosed as          abstained                          
                                      relation to the total                             a percentage          disclosed as
                                      number of shares voted                            in relation           a percentage               
                                      at the meeting                                    to the total          in relation
                                                                                        issued share          to the total     
                                                                                        capital*              issued share
                                                                                                              capital*                                                                                                                                                                                                                                                                                                                                                                          
                                      For         Against                                                                                                                 
Ordinary resolutions
1    Adoption of annual
     financial statements             99,99985    0,00015         907,405,019           96,72455              0,01932
      
Election and Re-election of directors

2.1 Mr RV Smither                     99,99764    0,00236         906,302,435           96,60702              0,13685
2.2 Ms CJ Hess                        99,99974    0,00026         906,302,435           96,60702              0,13685
2.3 Mr HJ Carse                       99,99775    0,00225         906,302,435           96,60702              0,13685
2.4 Mrs MM Nhlanhla                   94,33011    5,66989         906,302,435           96,60702              0,13685
2.5 Mr NP Mageza                      99,91400    0,08600         906,302,435           96,60702              0,13685
2.6 Mr GC Zondi                       99,99974    0,00026         906,302,435           96,60702              0,13685
      
3    Re-appointment of external      
     auditors                         97,74714    2,25286         907,577,070           96,74289              0,00098

Election of members of the Audit Committee

4.1 Ms CJ Hess                        99,99985    0,00015         906,302,435           96,60702              0,13685
4.2 Mr NP Mageza                      99,91371    0,08629         906,302,435           96,60702              0,13685
4.3 Mr DTV Msibi                      99,99985    0,00015         906,302,435           96,60702              0,13685
4.4 Mr RV Smither                     99,93013    0,06987         906,302,435           96,60702              0,13685
 
5    Control of authorised but
     unissued shares                  81,18343    18,81657        907,577,040           96,74289              0,00098

6    Enabling resolution              99,99960    0,00040         906,229,840           96,59928              0,14459

7    Non-binding advisory vote
     in respect of the
     remuneration policy of the                                 
     company                          83,49948    16,50052        907,572,720           96,74243              0,00144

8    Non-binding advisory vote
     in respect of the                                      
     remuneration implementation
     report of the company            84,04143    15,95857        907,571,750           96,74232              0,00155

Special resolutions

1    Financial assistance in
     terms of sections 44 and 45      
     of the Companies Act, 2008       89,24411    10,75589        906,954,281           96,67650              0,06737

2    Approval of non-executive                                   
     directors’ remuneration          99,99960    0,00040         906,953,561           96,67643              0,06744

*Total issued share capital is 938,133,042 shares.

The special resolutions will, where necessary, be lodged for registration with the Companies and
Intellectual Property Commission in due course.

Durban
20 November 2018

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
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