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SHOPRITE HOLDINGS LIMITED - Results of annual general meeting

Release Date: 11/04/2019 16:00
Code(s): SHP     PDF:  
 
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Results of annual general meeting

Shoprite Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number 1936/007721/06)
ISIN no: ZAE000012084
JSE share code: SHP
NSX share code: SRH
LUSE share code: SHOPRITE
(“Shoprite Holdings” or “the Company”)

RESULTS OF ANNUAL GENERAL MEETING

Shareholders are referred to the annual general meeting (“AGM”) of Shoprite Holdings held on 29 October 2018 and the results of AGM announcement released on SENS on 30 October 2018 (the “Initial
Announcement”). In this regard, set out below are the results of AGM which presents the voting for the ordinary shares and deferred shares separately.


   Resolution                                      Number of shares voted     Percentage of shares in              In favour of**                  Against**                   Abstained***
                                                                                      issue*                             %                            %                             %
                                                                                        %
                                                    Ordinary      Deferred    Ordinary        Deferred        Ordinary        Deferred     Ordinary         Deferred    Ordinary       Deferred
                                                      shares        shares      shares          shares          shares          shares       shares           shares      shares         shares
   Ordinary resolution number 1                  427 453 686   305 621 601       76.89          100.00          100.00          100.00         0.00             0.00        0.58           0.00
   Approval of Annual Financial Statements
   Ordinary resolution number 2                  429 850 301   305 621 601       77.32          100.00           93.20          100.00         6.80             0.00        0.14           0.00
   Re-appointment of Auditors
   Ordinary resolution number 3                  430 178 279   305 621 601       77.38          100.00           88.23          100.00        11.77             0.00        0.08           0.00
   Re-election of Mr JF Basson
   Ordinary resolution number 4                  430 449 106   305 621 601       77.43          100.00           85.62          100.00        14.38             0.00        0.04           0.00
   Re-election of Mr JJ Fouche
   Ordinary resolution number 5                  429 355 355   305 621 601       77.24          100.00           94.47          100.00         5.53             0.00        0.23           0.00
   Re-election of Dr ATM Mokgokong
   Ordinary resolution number 6                  430 178 471   305 621 601       77.38          100.00           99.12          100.00         0.88             0.00        0.08           0.00
   Re-election of Mr JA Rock
   Ordinary resolution number 7                  430 178 496   305 621 601      77. 38          100.00          100.00          100.00         0.00             0.00        0.08           0.00
   Re-election of Ms S Zinn
   Ordinary resolution number 8                  428 847 813   305 621 601       77.14          100.00           84.30          100.00        15.70             0.00        0.32           0.00
   Appointment of Mr JF Basson as
   Chairperson and Member of the Shoprite
   Holdings Audit and Risk Committee
   Ordinary resolution number 9                  428 364 813   305 621 601       77.06          100.00           78.54          100.00        21.46             0.00        0.41           0.00
   Appointment of Mr JJ Fouche as Member
   of the Shoprite Holdings Audit and Risk
   Committee
   Ordinary resolution number 10                 428 847 777   305 621 601       77.14          100.00           99.12          100.00         0.88             0.00        0.32           0.00
   Appointment of Mr JA Rock as Member of
   the Shoprite Holdings Audit and Risk
   Committee
   Ordinary resolution number 11                 429 700 011   305 621 601       77.30          100.00           91.14          100.00         8.86             0.00        0.17           0.00
   General authority over unissued ordinary
   shares
   Ordinary resolution number 12                 429 965 495   305 621 601       77.35          100.00           90.64          100.00         9.36             0.00        0.12           0.00
   General authority to issue shares for cash
   Ordinary resolution number 13                 429 383 904   305 621 601       77.24          100.00          100.00          100.00         0.00             0.00        0.04           0.00
   General authority to directors and/or
   company secretary
   Ordinary resolution number 14.1               428 246 802   305 621 601       77.04          100.00           26.98          100.00        73.02             0.00        0.43           0.00
   Non-binding advisory vote on the
   remuneration policy of Shoprite Holdings
   Ordinary resolution number 14.2               428 233 416   305 621 601       77.03          100.00           31.44          100.00        68.56             0.00        0.43           0.00
   Non-binding advisory vote on the
   implementation of the remuneration policy
   of Shoprite Holdings
   Special resolution number 1                   428 673 678   305 621 601       77.11          100.00           96.69          100.00         3.31             0.00        0.36           0.00
   Remuneration payable to non-executive
   Directors
   Special resolution number 2                   428 845 105   305 621 601       77.14          100.00           93.57          100.00         6.43             0.00        0.32           0.00
   Financial assistance to subsidiaries,
   related and inter-related entities
   Special resolution number 3                   430 446 011   305 621 601       77.43          100.00           91.25          100.00         8.75             0.00        0.04           0.00
   Financial assistance for subscription of
   securities
   Special resolution number 4                   430 074 388   305 621 601       77.37          100.00           98.63          100.00         1.37             0.00        0.10           0.00
   General authority to repurchase shares

 *       Based on 555 901 930 ordinary shares (591 338 502 ordinary shares less 35 436 572 treasury shares) and 305 621 601 deferred shares in issue at the date of the AGM.
 **      In relation to the total number of shares voted at the AGM.
 ***     In relation to the total number of shares in issue at the date of the AGM.

As stated in the Initial Announcement, the Company has engaged with shareholders in respect of Ordinary resolutions number 14.1 and 14.2 relating to the non-binding advisory votes on the remuneration policy and
the implementation of the remuneration policy.

Cape Town
11 April 2019

Sponsor
Nedbank Corporate and Investment Banking

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