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Report on proceedings at the annual general meeting
Sappi Limited
(Incorporated in the Republic of South Africa)
(Registration number 1936/008963/06
JSE share code: SAP
ISIN: ZAE000006284
("Sappi" or "the Company")
REPORT ON PROCEEDINGS AT THE ANNUAL GENERAL MEETING
At the eighty seventh annual general meeting ("AGM") of the shareholders of Sappi held on Wednesday, 7 February 2024 all the ordinary and special resolutions
proposed at the meeting were approved by the requisite majority of votes. In this regard, the Company confirms the voting statistics from the AGM as follows:
Votes cast disclosed as a
percentage in relation to the
total number of shares voted Shares voted Shares abstained
at the AGM disclosed as a disclosed as a
percentage in percentage in
Resolutions^ Number of relation to the total relation to the total
For Against shares voted issued shares* issued shares*
Ordinary resolution number 1 – Re-election of Ms ZN Malinga 99.99 0.01 504,151,979 89.59 0.00
as a director of Sappi
Ordinary resolution number 2 – Re-election of Mr V Moosa as 75.89 24.11 504,151,979 89.59 0.00
a director of Sappi
Ordinary resolution number 3 – Re-election of Mr RJM 98.78 1.22 504,151,979 89.59 0.00
Renders as a director of Sappi
Ordinary resolution number 4 – Election of Ms ZN Malinga as 99.99 0.01 504,151,979 89.59 0.00
a member and chairperson of the Audit and Risk Committee
Ordinary resolution number 5 – Election of Dr B Mehlomakulu 80.31 19.69 504,151,979 89.59 0.00
as a member of the Audit and Risk Committee
Ordinary resolution number 6 – Election of Mr RJM Renders 99.30 0.70 504,151,979 89.59 0.00
as a member of the Audit and Risk Committee
Ordinary resolution number 7 – Election of Mr LL von Zeuner 99.99 0.01 504,151,979 89.59 0.00
as a member of the Audit and Risk Committee
Ordinary resolution number 8 – Election of Ms E Istavridis as a 99.99 0.01 504,151,979 89.59 0.00
member of the Audit and Risk Committee
Ordinary resolution number 9 – Re-appointment of KPMG Inc 99.88 0.12 504,148,843 89.58 0.00
as auditors of Sappi for the financial year ending September
2024 and until the conclusion of the next annual general
meeting of Sappi
Ordinary resolution number 10 - Non-binding endorsement of 87.78 12.22 504,148,843 89.58 0.00
remuneration policy
Ordinary resolution number 11 - Non-binding endorsement of 93.58 6.42 503,676,093 89.50 0.09
remuneration implementation report
Special resolution number 1 - Non-executive directors' fees 98.04 1.96 504,148,843 89.58 0.00
Special resolution number 2 – Loans or other financial 99.99 0.01 504,148,843 89.58 0.00
assistance to related or inter-related companies
Special resolution number 3 - General authority to repurchase 77.45 22.55 504,113,884 89.58 0.01
shares
Ordinary resolution number 12 - Authority for directors and 100.00 0.00 504,148,843 89.58 0.00
Group Company Secretary to sign all documents and do all
such things necessary or reasonably desirable for or incidental
to the implementation of the above resolutions
*Total issued shares: 562,762,380.
^The special resolutions will, where necessary, be lodged for registration with the Companies and Intellectual Property Commission in due course.
8 February 2024
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 08-02-2024 01:37:00
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