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enX GROUP LIMITED - Results of Annual General Meeting

Release Date: 14/02/2019 16:00
Code(s): ENX     PDF:  
 
Wrap Text
Results of Annual General Meeting

ENX GROUP LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2001/029771/06)
JSE share code: ENX ISIN: ZAE000222253
(“enX” or “the Company”)



RESULTS OF ANNUAL GENERAL MEETING


Shareholders are advised that at the annual general meeting (“Annual General Meeting”) of shareholders was held on
Wednesday, 13 February 2019 (in terms of the notice dispatched on 29 October 2018).

Details of the results of voting at the Annual General Meeting are as follows:

    -   total number of enX shares in issue as at the date of the Annual General Meeting: 181 317 725
    -   total number of enX shares that were present/represented at the Annual General Meeting: 156 662 000 being
        86% of the total number of enX shares that could have been voted at the Annual General Meeting.

 Special resolution number 1: General authority to effect share repurchases

 Shares voted*         For                                  Against                        Abstentions^
 156 661 642           156 659 466, being 100%              2 176, being 0%                358, being 0%

 Special resolution number 2: Approval of the directors’ fees for their services as directors and committee members

 Shares voted*         For                                  Against                        Abstentions^
 150 586 449           149 304 199, being 99.15%            1 282 250, being 0.85%         6 075 551, being 3.35%

 Special resolution number 3: Financial assistance to related and inter-related companies in terms of section 45 of
 the Companies Act, 71 of 2008

 Shares voted*         For                                  Against                        Abstentions^
 156 661 579           149 619 632, being 95.5%             7 041 947, being 4.5%          421, being 0%

 Special resolution number 4: Financial assistance in terms of section 44 of the Companies Act, 71 of 2008

 Shares voted*         For                                  Against                        Abstentions^
 156 661 579           149 619 632, being 95.5%             7 041 947, being 4.5%          421, being 0%

 Ordinary resolution number 1: Confirmation of JS Friedman as a director of the Company

 Shares voted*         For                                  Against                        Abstentions^
 156 661 579           156 624 224, being 99.98%            37 355, being 0.02%            421, being 0%

 Ordinary resolution number 2: Confirmation of A Joffe as a director of the Company

 Shares voted*         For                                  Against                        Abstentions^
 150 586 449           131 826 512, being 87.54%            18 759 937, being 12.46%       6 075 551, being 3.35%

 Ordinary resolution number 3: Re-election of AJ Phillips as a director of the Company

 Shares voted*         For                                  Against                        Abstentions^
 156 661 579           156 645 704, being 99.99%            15 875, being 0.01%            421, being 0%

 Ordinary resolution number 4: Re-election of PM Makwane as a director of the Company
Shares voted*       For                                   Against                        Abstentions^
156 661 579         156 645 705, being 99.99%             15 874, being 0.01%            421, being 0%

Ordinary resolution number 5: Re-appointment of independent external auditors, Deloitte & Touche Inc. (with SBF
Carter as the designated audit partner)

Shares voted*       For                                   Against                        Abstentions^
156 661 579         155 376 542, being 99.18%             1 285 037, being 0.82%         421, being 0%

Ordinary resolution number 6: General authority to issue of shares for cash

Shares voted*       For                                   Against                        Abstentions^
156 661 579         93 887 451, being 59.93%              62 774 128, being 40.07%       421, being 0%

Ordinary resolution number 7: To place unissued ordinary shares under the control of the directors

Shares voted*       For                                   Against                        Abstentions^
156 661 579         113 752 910, being 72.61%             42 908 669, being 27.39%       421, being 0%

Ordinary resolution number 8: Appointment/Re-appointment of members of the Audit and Risk Committee

Ordinary resolution number 8.1: Appointment/Re-appointment of NV Lila (Chairman)

Shares voted*       For                                   Against                        Abstentions^
156 661 579         156 659 403, being 100%               2 176, being 0%                421, being 0%

Ordinary resolution number 8.2: Appointment/Re-appointment of AJ Phillips

 Shares voted*      For                                   Against                      Abstentions^
 156 661 579        155 376 542, being 99.18%             1 285 037, being 0.82%       421, being 0%

Ordinary resolution number 8.3: Appointment/Re-appointment of SF Booysen

 Shares voted*      For                                   Against                      Abstentions^
 156 647 880,       155 437 929, being 99.23%             1 209 951, being 0.77%       14 120, being 0.01%

Ordinary resolution number 8.4: Appointment/Re-appointment of LN Molefe

 Shares voted*      For                                   Against                      Abstentions^
 156 661 579        156 659 403, being 100%               2 176, being 0%              421, being 0%

Ordinary resolution number 9: Non-binding approval of the Remuneration Policy

Shares voted*       For                                   Against                        Abstentions^
143 876 308         39 575 596, being 27.51%              104 300 712, being 72.49%      12 785 692, being 7.05%

Ordinary resolution number 10: Non-binding approval of the Remuneration Implementation Report

Shares voted*       For                                   Against                        Abstentions^
143 876 308         39 575 596, being 27.51%              104 300 712, being 72.49%      12 785 692, being 7.05%

Ordinary resolution number 11: Signature of documentation

Shares voted*       For                                   Against                        Abstentions^
 156 661 579          156 659 403, being 100%                  2 176, being 0%            421, being 0%

* shares excluding abstentions
^ in relation to total shares in issue (excluding treasury shares)

Accordingly, all the resolutions tabled were passed by the requisite majority of enX shareholders, other than ordinary
resolutions number 6, 9 and 10 as disclosed in the table above.

Shareholders are advised that the non-binding advisory votes on ordinary resolutions number 9 and 10, were voted
against by more than 25% of enX’s shareholders present in person or represented by proxy at the Annual General
Meeting.

Shareholders who wish to communicate with the Company about matters pertaining to its remuneration policy can
contact the Company Secretary on email lmoller@enxgroup.co.za or telephone number 011 966 2162 to set up an
appointment with the respective Company representatives. enX commits to engage dissenting shareholders within seven
working days of their submission.

14 February 2019


Sponsor

The Standard Bank of South Africa Limited

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