NIVEUS INVESTMENTS LIMITED - Results of the Annual General Meeting

Results of the Annual General Meeting

NIVEUS INVESTMENTS LIMITED
(Incorporated in the Republic of South Africa)
Registration number: 1996/005744/06
JSE share code: NIV
ISIN code: ZAE000169553
("Niveus" or “the Company")

RESULTS OF THE ANNUAL GENERAL MEETING


1. INTRODUCTION

  Niveus Shareholders are advised that at the Annual General Meeting (“AGM”) of Niveus held on Thursday
  12 September 2019, all the resolutions, as set out in the notice of AGM and proposed at the meeting
  were passed, without modification, by the requisite majority of Niveus Shareholders.

2. RESULTS OF THE VOTING AT THE ANNUAL GENERAL MEETING

   The resolutions were voted on as follows:

                                                         % of issued
                                                                            Number of shares
                                                         share capital
    Total number of shares present/represented                      77%             92 267 712
    including proxies at meeting (including shares
    abstained from voting)




                                                     Number of votes (one vote per share)

                                                      For           Against          Abstain
    ORDINARY RESOLUTIONS

    1.1 Re-election of director: Mr JA Copelyn       92 035 462         232 250               -
                                                        99.75%           0.25%               0%
    
    1.2 Re-election of director: Dr LM Molefi        92 062 843         204 869               -
                                                        99.78%           0.22%               0%
    1.3 Re-election of director: Ms RD Watson        92 267 712              -               -
                                                          100%              0%               0%
    1.4 Re-election of director: Ms L Bethlehem      92 267 712              -               -
                                                          100%              0%               0%
  
    2. Re-appointment of auditor: BDO                92 267 712              -               -
       South Africa Incorporated                          100%              0%               0%
    
    3.1 Appointment of audit committee –             92 062 843         204 869               -
        Dr LM Molefi                                    99.78%           0.22%               0%
                                                                                
    3.2 Appointment of audit committee - Mr          92 267 712               -               -
        JG Ngcobo                                         100%               0%              0%
                                                                                
    3.3 Appointment of audit committee – Ms          92 267 712               -               -
        RD Watson                                         100%               0%              0%

    4.   General authority over unissued shares      92 267 712               -               -
                                                          100%               0%              0%
    5. Directors’ authority to implement             92 267 712               -               -
       company resolutions                                100%               0%              0%
    
    6. Non-binding resolution 1 Advisory             89 962 771       2 304 941               -
       endorsement of remuneration policy                97.50%          2.50%                0%
    
    7. Non-binding resolution 2 Advisory             89 962 771       2 304 941               -
       endorsement of implementation report             97.50%            2.50%              0%
    
SPECIAL RESOLUTIONS
    1.   General authority to issue shares,          92 267 602            110                 -
         options and convertible securities for           100%              0%                0%
         cash

    2.   Approval of annual fees to be paid to       92 256 712        11 000                 -
         non- executive directors                       99.99%          0.01%                 0%

    3.   General authority to repurchase             92 267 712             0                  -
         company shares                                  100%               0%                0%



12 September 2019
Cape Town

Sponsor and Corporate Adviser
Investec Bank Limited

Date: 12/09/2019 02:00:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.