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Results Of Annual General Meeting
Adcorp Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number 1974/001804/06)
Share Code: ADR ISIN: ZAE000000139
(“Adcorp” or “the Company”)
RESULTS OF ANNUAL GENERAL MEETING
Shareholders are advised that at the Annual General Meeting (“AGM”) of Adcorp
shareholders held today at Adcorp’s registered office, Adcorp Office Park, Nicolway East,
cnr William Nicol Drive and Wedgewood Link, Bryanston, Johannesburg, all the ordinary and
special resolutions as set out in the updated notice of AGM, dated 9 July 2019, were duly
passed by the requisite majority votes of shareholders.
The voting results for the proposed resolutions, as required in terms of section 3.91 of the
JSE Listings Requirements, were as follows:
- Total number of shares entitled to vote were 126,777,524, consisting of 109,954,675
ordinary shares and 16,822,849 B ordinary shares;
- Total number of ordinary shares present/represented at the AGM in person or by proxy
were 98 341 956, representing 89.44% of the total issued ordinary share capital of the
Company entitled to vote; and
- Total number of B ordinary shares present/represented at the AGM in person or by proxy
were 16 822 849, representing 100% of the total issued B share capital of the Company
entitled to vote.
For Against Abstained, in Shares voted
relation to total
shares in issue
Ordinary Ordinary ‘B’ Ordinary ‘B’ Ordinary ‘B’ Ordinary ‘B’ ordinary
resolutions shares ordinary shares ordinary shares ordinary shares shares
number 1.1 to shares shares shares
1.5: Election
and re-election
of directors
1.1 SN Mabaso-
Koyana
Number of 98 225 946 16 822 849 111 600 0 4 410 0 98 337 546 16 822 849
shares
Percentage 99,89% 100,00% 0,11% 0,00% 0,00% 0,00% 88,98% 100,00%
1.2 P Mnganga
Number of 96 806 608 16 822 849 1 530 938 0 0 98 337 546 16 822 849
4 410
shares
Percentage 98,44% 100,00% 1,56% 0,00% 0,00% 0,00% 88,98% 100,00%
1.3 H Singh
Number of 98 333 946 16 822 849 0 0 16 822 849
3 600 4 410 98 337 546
shares
Percentage 100,00% 100,00% 0,00% 0,00% 0,00% 0,00% 88,98% 100,00%
1.4 MM Nkosi
Number of 93 180 629 16 822 849 5 156 917 0 0 16 822 849
4 410 98 337 546
shares
Percentage 94,76% 100,00% 5,24% 0,00% 0,00% 0,00% 88,98% 100,00%
1.5 R van Dijk
Number of 98 333 946 16 822 849 0 0 98 337 546 16 822 849
3 600 4 410
shares
Percentage 100,00% 100,00% 0,00% 0,00% 0,00% 0,00% 88,98% 100,00%
Ordinary
resolutions
number 2.1 to
2.4: Election of
Audit and Risk
Committee
members
2.1 SN Mabaso-
Koyana
Number of 98 225 946 16 822 849 111 600 0 4 410 0 98 337 546 16 822 849
shares
Percentage 99,89% 100,00% 0,11% 0,00% 0,00% 0,00% 88,98% 100,00%
2.2 H Singh
Number of 96 641 835 16 822 849 1 695 711 0 4 410 0 98 337 546 16 822 849
shares
Percentage 98,28% 100,00% 1,72% 0,00% 0,00% 0,00% 88,98% 100,00%
2.3 MW Spicer
Number of 98 225 946 16 822 849 111 600 0 4 410 0 98 337 546 16 822 849
shares
Percentage 99,89% 100,00% 0,11% 0,00% 0,00% 0,00% 88,98% 100,00%
2.4 R van Dijk
Number of 98 333 946 16 822 849 3 600 0 4 410 0 98 337 16 822 849
546
shares
Percentage 100,00% 100,00% 0,00% 0,00% 0,00% 0,00% 88,98% 100,00%
Ordinary
resolution
number 3:
Reappointment
of independent
external
auditor
Number of 90 059 925 16 822 849 8 277 101 0 4 930 0 98 337 16 822 849
026
shares
Percentage 91,58% 100,00% 8,42% 0,00% 0,01% 0,00% 88,98% 100,00%
Ordinary
resolution
number 4:
Place 2 000 000
of the
authorised but
unissued
ordinary
shares under
the control of
the directors
Number of 87 979 411 16 822 849 10 358 135 0 4 410 0 98 337 546 16 822 849
shares
Percentage 89,47% 100,00% 10,53% 0,00% 0,00% 0,00% 88,98% 100,00%
Ordinary
resolution
number 5: Non-
binding
advisory vote
on the
remuneration
policy
Number of 89 827 198 16 822 849 8 510 348 0 4 410 0 98 337 546 16 822 849
shares
Percentage 91,35% 100,00% 8,65% 0,00% 0,00% 0,00% 88,98% 100,00%
Ordinary
resolution
number 6: Non-
binding
advisory vote
on the
remuneration
implementation
report
Number of 78 934 835 16 822 849 118 606 0 19 288 0 79 053 441 16 822 849
515
shares
Percentage 99,85% 100,00% 0,15% 0,00% 19,61% 0,00% 71,53% 100,00%
Ordinary
resolution
number 7:
Authority to
implement
resolutions
passed at the
AGM
Number of 98 333 946 16 822 849 3 600 0 4 410 0 98 337 546 16 822 849
shares
Percentage 100,00% 100,00% 0,00% 0,00% 0,00% 0,00% 88,98% 100,00%
Special
resolution
number 1:
Remuneration
payable to non-
executive
directors
Number of 95 769 204 16 822 849 2 568 342 0 4 410 0 98 337 546 16 822 849
shares
Percentage 97,39% 100,00% 2,61% 0,00% 0,00% 0,00% 88,98% 100,00%
Special
resolution
number 2:
Repurchase of
the Company’s
shares
Number of 98 332 940 16 822 849 4 606 0 4 410 0 98 337 546 16 822 849
shares
Percentage 100,00% 100,00% 0,00% 0,00% 0,00% 0,00% 88,98% 100,00%
Special
resolution
number 3:
Financial
assistance for
the provision of
loans or other
financial
assistance to
present or
future related
and inter-
related
companies
Number of 86 535 528 16 822 849 11 802 018 0 4 410 0 98 337 546 16 822 849
shares
Percentage 88,00% 100,00% 12,00% 0,00% 0,00% 0,00% 88,98% 100,00%
Bryanston
30 July 2019
Sponsor: Deloitte & Touche Sponsor Services (Pty) Ltd
Date: 30/07/2019 03:41:00
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