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ADCORP HOLDINGS LIMITED - Results Of Annual General Meeting

Release Date: 30/07/2019 15:41
Code(s): ADR     PDF:  
 
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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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