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PURPLE GROUP LIMITED - Results Of Annual General Meeting And Change Of Directors

Release Date: 07/01/2019 16:39
Code(s): PPE     PDF:  
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Results Of Annual General Meeting And Change Of Directors

Purple Group Limited
(Incorporated in the Republic of South Africa)
(Registration number 1998/013637/06)
Share code: PPE ISIN: ZAE000071411
(‘Purple Group’ or ‘the company’)

RESULTS OF ANNUAL GENERAL MEETING AND CHANGE OF DIRECTORS

Shareholders are advised that at the Annual General Meeting of Purple Group held on 07 January 2019 convened in
terms of the notice of Annual General Meeting contained in the 2018 Integrated Annual Report convening the meeting
dated 26 November 2018, all the resolutions were approved by the requisite majority of shareholders.

Number of ordinary shares represented at the meeting:            585 328 985
Total issued number of ordinary shares:                          935 476 518
Percentage of ordinary shares represented at the meeting:        62.57%

Ordinary Resolution 4 was withdrawn as Mr. Dennis Alter indicated that he is no longer available to serve as a director.

Ordinary Resolution 5 was withdrawn as Mr. Ronnie Lubner sadly passed away on 27 December 2018.

The Company will embark on a process of finding suitable replacements for Mr Alter and Mr Lubner.

In Special Resolution 2, the fees as set out in the Notice of Meeting was incorrectly disclosed.

The correct fees as proposed by the Remuneration Committee, are as follows:
Non-executive Chairman – annual fee of R500 000 (81% decrease)
Independent non-executive directors – annual fee of R291 237 (6% increase)

Non-executive directors:
    . Attendance fee per Board Meeting – R40 045 (6% increase)
    . Attendance fee per sub-committee meeting – R20 022 (6% increase)

The amendment to this resolution was proposed and ratified at the meeting.

The resolutions proposed at the general meeting, together with the percentage of votes carried for and against each
resolution, are set out below:

                                    Number         % of                FOR                      AGAINST            ABSTAIN
                                      of           total                                                              (as a
                                    shares        shares                                                         percentage of
                                     voted         voted                                                           shares in
                                                                                                                     issue)
                                                           Number of         Percent   Number of    Percentage
                                                           Shares            age       Shares

 Ordinary Resolution number 1:      585 328       62.57%   585 167 224       99.99%    50 000       0.01%        0.01%
 Adoption of annual financial       985
 statements for the year-ended 31
 August 2018
 Ordinary Resolution number 2:      585 328 985   62.57%   584 965 931       99.99%    50 000       0.01%        0.03%
 Remuneration of auditors

 Ordinary Resolution number 3:      585 328 985   62.57%   584 965 931       99.99%    50 000       0.01%        0.03%
 Appointment of auditors

 Ordinary Resolution number 6: 585 328 985        62.57%   584 749 457       99.92%    462 686      0.08%        0.01%
 To place the unissued shares of the
 Company under the control of the
 directors
 Ordinary Resolution number 7: 585 328 985        62.57%   558 016 483       95.35%    27 200 810   4.65%        0.01%
 To authorize the Company to issue
 shares and to sell the treasury
 shares for cash under a general
 authority
 Ordinary Resolution number 8: 585 328 985        62.57%   585 167 414       99.97%    157 171      0.03%        0.0005%
 To authorize the directors as
 signatories
 Ordinary Resolution number 9:         585 328 985   62.57%   558 144 735   95.37%   27 095 793   4.63%   0.009%
 Non-binding advisory vote on
 remuneration policy

 Special resolution number 1:          585 328 985   62.57%   584 962 143   99.97%   162 442      0.03%   0.02%
 Awarding of shares and provision
 of financial assistance in
 Special resolution number 2:          585 328 985   62.57%   557 938 610   95.37%   27 096 192   4.63%   0.03%
 connection therewith
 Non-executive directors’
 remuneration to 31 August 2019

 Special resolution number 3:          585 328 985   62.57%   344 877 119   92.61%     27 508 464 7.39%   22.76%
 Ratification of capital raising fee
 paid to non-executive chairman




Johannesburg

07 JANUARY 2019

Sponsor: Deloitte & Touche Sponsor Services Proprietary Limited

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