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PURPLE GROUP LIMITED - Results of General Meeting

Release Date: 04/04/2019 14:59
Code(s): PPE     PDF:  
 
Wrap Text
Results of General Meeting

   Purple Group Limited
   (Incorporated in the Republic of South Africa)
   (Registration number 1998/013637/06)
   Share code: PPE ISIN: ZAE000185526
   (“Purple Group” or “the company”)

   Results of General Meeting

   Shareholders are referred to the detailed announcement released on SENS on Friday, 1 March 2019, where they were advised that the board of directors of Purple
   Group has resolved that the name of the Company be changed to Easy Investment Holdings Limited and that the proposed name change be presented to shareholders
   for approval. Shareholders are also referred to the circular posted on Friday, 1 March 2019 relating to the name change, ratification of the appointment of directors to
   the board, election of audit committee members and non-binding advisory vote on the implementation plan of the remuneration policy of the company, and also
   incorporating details of the General Meeting of Shareholders for purposes of approving the relevant resolutions (“Circular”).

   Shareholders are also referred to the subsequent announcement released on SENS on 29 March 2019, where they were advised that the Special resolution 1 relating
   to the change of name was withdrawn, and therefore not proposed or voted on at the General Meeting.

   Capitalised terms used in this announcement that are not otherwise defined, bear the meanings ascribed to them in the Circular.

   Shareholders are advised that at the General Meeting of Purple Group Shareholders held today on Thursday, 4 April 2019, all the relevant resolutions were passed by
   the requisite majority of Shareholders.

   Details of the results of the General Meeting are as follows:

   Total number of shares entitled to vote is 935 476 518.
   Total number of shares that were present/represented at the General Meeting: 674 185 365, representing 72.07% of total number of Purple Group shares that could
   have been voted at the General Meeting.

                                          Number of           % of                    For                          Against                Abstained, in relation to
                                         shares voted        shares                                                                         total shares in issue
       Resolution proposed                                   voted

                                                                             Shares              %            Shares            %           Shares             %

Special resolution number 1:              Withdrawn
Change of Name
Ordinary resolution number 1:           674 181 765   72.07%   674 131 765      99,99%   50 000    0.01%   3 600   0.0004%
Ratification and confirmation of the
appointment of Happy Ntshingila as
an Independent Non-Executive
Director and Chairperson of the
Board of Directors of the Company

Ordinary resolution number 2:           674 181 765   72.07%      674 131 765   99,99%   50 000    0.01%   3 600   0.0004%
Ratification and confirmation of the
appointment of Bonang Mohale as
an Independent Non-Executive
Director of the Board of Directors of
the Company

Ordinary resolution number 3:           674 181 765   72.07%      674 131 765   99,99%   50 000    0.01%   3 600   0.0004%
Ratification and confirmation of the
appointment of Arnold Forman as
an Independent Non-Executive
Director of the Board of Directors of
the Company

Ordinary resolution number 4.1:         674 181 765   72.07%      674 131 765   99,99%   50 000    0.01%   3 600   0.0004%
Election of Craig Carter as a member
and Chair of the Audit Committee

Ordinary resolution number 4.2:         674 181 765   72.07%      673 886 765   99.96%   295 000   0.04%   3 600   0.0004%
Election of Happy Ntshingila as a
member of the Audit Committee

Ordinary resolution number 4.3:         674 181 765   72.07%      674 131 765   99,99%   50 000    0.01%   3 600   0.0004%
Election of Arnold Forman as a
member of the Audit Committee

Ordinary resolution number 5: Non-      674 181 765   72.07%      674 131 765   99,99%   50 000    0.01%   3 600   0.0004%
binding advisory vote on
implementation report of
remuneration policy

Ordinary resolution number 6: To        674 181 765       72.07%         674 131 765       99,99%   50 000   0.01%   3 600   0.0004%
authorise the directors as
signatories


   4 April 2019
   Johannesburg

   Sponsor: Deloitte & Touche Sponsor Services Proprietary Limited

   Company Secretary and Transfer Secretaries: 4 Africa Exchange Registry Proprietary Limited

Date: 04/04/2019 02:59:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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