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Report on proceedings at the Annual General Meeting
SABVEST CAPITAL LIMITED
(Incorporated in South Africa)
(Registration number 2020/030059/06)
JSE share code: SBP
ZAE000283511
(“Sabcap”)
REPORT ON PROCEEDINGS AT THE ANNUAL GENERAL MEETING
Shareholders are advised that, at the annual general meeting (“AGM” or “the meeting”) of the shareholders of Sabcap held electronically today, 24 May 2021, all the
ordinary and special resolutions proposed at the meeting were approved by the requisite majority of votes. The following information is provided in compliance with the
JSE Listings Requirements:
Total number of Sabcap shares in issue 41 000 000
Total number of votes exercisable by the ordinary shares (“Ord shares”) 40 380 000
Total number of votes exercisable by the Z share (“Z share”)* 42 176 910
Total number of votes exercisable at the meeting 82 556 910
*The Z share is entitled to exercise votes equal to 104.45% of the voting rights of all the issued Ord shares on a poll.
Details of voting results:
Votes cast disclosed as a percentage in relation Shares abstained
to the total number of votes held by shares disclosed as a Votes held by
voted at the meeting percentage in shares voted as a
relation to the total percentage in
issued shares Number of votes held relation to the
by shares voted per total votes of all
Resolutions For Against resolution issued shares
Ordinary Resolutions
1 – Re-election of director – Ms O Ighodaro 95.36% Ord shares 4.64% Ord shares 0.41% Ord shares 20 717 364 Ord shares 25.09% Ord shares
100% Z share 0% Z share 0% Z share 42 176 910 Z share 51.09% Z share
2 – Re-election of director – Mr K Pillay 100% Ord shares 0% Ord shares 0.41% Ord shares 20 717 364 Ord shares 25.09% Ord shares
100% Z share 0% Z share 0% Z share 42 176 910 Z share 51.09% Z share
3 – Re-election of director – Mr BJT 100% Ord shares 0% Ord shares 0.41% Ord shares 20 717 364 Ord shares 25.09% Ord shares
Shongwe 100% Z share 0% Z share 0% Z share 42 176 910 Z share 51.09% Z share
4 – Re-election of director – Ms L 100% Ord shares 0% Ord shares 0.41% Ord shares 20 717 364 Ord shares 25.09% Ord shares
Mthimunye 100% Z share 0% Z share 0% Z share 42 176 910 Z share 51.09% Z share
5 – Re-election of director – Mr CS 100% Ord shares 0% Ord shares 0.41% Ord shares 20 717 364 Ord shares 25.09% Ord shares
Seabrooke 100% Z share 0% Z share 0% Z share 42 176 910 Z share 51.09% Z share
6 – Re-election of director – Mr R Pleaner 100% Ord shares 0% Ord shares 0.41% Ord shares 20 717 364 Ord shares 25.09% Ord shares
100% Z share 0% Z share 0% Z share 42 176 910 Z share 51.09% Z share
7 – Re-election of director – Mr L Rood 100% Ord shares 0% Ord shares 0.41% Ord shares 20 717 364 Ord shares 25.09% Ord shares
100% Z share 0% Z share 0% Z share 42 176 910 Z share 51.09% Z share
8 – Re-appointment of independent 100% Ord shares 0% Ord shares 0.41% Ord shares 20 717 364 Ord shares 25.09% Ord shares
external auditors 100% Z share 0% Z share 0% Z share 42 176 910 Z share 51.09% Z share
9 – Election of Audit Committee member – 100% Ord shares 0% Ord shares 0.41% Ord shares 20 717 364 Ord shares 25.09% Ord shares
Ms L Mthimunye 100% Z share 0% Z share 0% Z share 42 176 910 Z share 51.09% Z share
10 – Election of Audit Committee member 95.36% Ord shares 4.64% Ord shares 0.41% Ord shares 20 717 364 Ord shares 25.09% Ord shares
– Ms O Ighodaro 100% Z share 0% Z share 0% Z share 42 176 910 Z share 51.09% Z share
11 – Election of Audit Committee member 100% Ord shares 0% Ord shares 0.41% Ord shares 20 717 364 Ord shares 25.09% Ord shares
– Mr BJT Shongwe 100% Z share 0% Z share 0% Z share 42 176 910 Z share 51.09% Z share
12 – Non-binding advisory vote on 2020 100% Ord shares 0% Ord shares 0.41% Ord shares 20 717 364 Ord shares 25.09% Ord shares
Remuneration Policy 100% Z share 0% Z share 0% Z share 42 176 910 Z share 51.09% Z share
13 – Non-binding advisory vote on 2021 100% Ord shares 0% Ord shares 0.41% Ord shares 20 717 364 Ord shares 25.09% Ord shares
changes to the Remuneration Policy 100% Z share 0% Z share 0% Z share 42 176 910 Z share 51.09% Z share
14 – Non-binding advisory vote on 2020 100% Ord shares 0% Ord shares 0.41% Ord shares 20 717 364 Ord shares 25.09% Ord shares
Remuneration Implementation Report 100% Z share 0% Z share 0% Z share 42 176 910 Z share 51.09% Z share
15 – Approval of Revised Investment Policy 100% Ord shares 0% Ord shares 0.41% Ord shares 20 717 364 Ord shares 25.09% Ord shares
100% Z share 0% Z share 0% Z share 42 176 910 Z share 51.09% Z share
16 – Placing 5% of the unissued ordinary 95.36% Ord shares 4.64% Ord shares 0.41% Ord shares 20 717 364 Ord shares 25.09% Ord shares
shares under the control of the directors 100% Z share 0% Z share 0% Z share 42 176 910 Z share 51.09% Z share
and general authority to allot and issue
17 – Authority to sign all documents 100% Ord shares 0% Ord shares 0.41% Ord shares 20 717 364 Ord shares 25.09% Ord shares
required 100% Z share 0% Z share 0% Z share 42 176 910 Z share 51.09% Z share
Special Resolutions
1 – Approval of proposed non-executive 100% Ord shares 0% Ord shares 0.41% Ord shares 20 717 364 Ord shares 25.09% Ord shares
directors’ remuneration for the year 100% Z share 0% Z share 0% Z share 42 176 910 Z share 51.09% Z share
ending 31 December 2021
2 – Authority to provide financial assistance 100% Ord shares 0% Ord shares 0.41% Ord shares 20 717 364 Ord shares 25.09% Ord shares
in terms of Section 45 of the Companies Act 100% Z share 0% Z share 0% Z share 42 176 910 Z share 51.09% Z share
to any group company
3 – Authority to provide financial assistance 100% Ord shares 0% Ord shares 0.41% Ord shares 20 717 364 Ord shares 25.09% Ord shares
in terms of section 44 of the Companies Act 100% Z share 0% Z share 0% Z share 42 176 910 Z share 51.09% Z share
4 – General authority to repurchase shares 100% Ord shares 0% Ord shares 0.41% Ord shares 20 717 364 Ord shares 25.09% Ord shares
100% Z share 0% Z share 0% Z share 42 176 910 Z share 51.09% Z share
The special resolution/s will, where necessary, be lodged for registration with the Companies and Intellectual Property Commission in due course.
Sandhurst
24 May 2021
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 24-05-2021 03:35:00
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