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RCL FOODS LIMITED - Report on proceedings at the annual general meeting

Release Date: 20/11/2019 17:16
Code(s): RCL     PDF:  
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Report on proceedings at the annual general meeting

RCL FOODS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1966/004972/06)
ISIN: ZAE000179438
Share Code: RCL
("RCL FOODS" or "the Company")

REPORT ON PROCEEDINGS AT THE ANNUAL GENERAL MEETING

At the 53rd annual general meeting ("AGM") of the shareholders of RCL FOODS held today, 20 November 2019,
all the ordinary and special resolutions proposed at the meeting were approved by the requisite majority
of votes. In this regard, RCL FOODS confirms the voting statistics from the AGM as follows:

                                                                                                         Shares
Resolutions                                Votes cast disclosed as                  Shares voted        abstained
                                          a percentage in relation                  disclosed as      disclosed as
                                           to the total number of                   a percentage      a percentage
                                             shares voted at the     Number of       in relation       in relation
                                                   meeting          shares voted    to the total      to the total                    
                                                                                       issued            issued
                                                                                       shares*           shares*                  
                                                                                               
                                              For        Against                             

Ordinary resolutions
    
1.  Adoption of annual financial
    statements                               99,99890     0,00110    912,806,229       97,01400          0,02734

2.  Election and Re-election of directors
2.1 Mr RV Smither                            94,46621     5,53379    911,101,392       96,83281          0,20853
2.2 Dr PM Moumakwa                           99,99883     0,00117    911,101,392       96,83281          0,20853
2.3 Mr PJ Neethling                          99,99883     0,00117    911,101,392       96,83281          0,20853
2.4 Mr JJ Durand                             94,51384     5,48616    912,978,280       97,03228          0,00905
2.5 Mr PR Louw                               94,58850     5,41150    911,101,392       96,83281          0,20853
2.6 Mr DTV Msibi                             99,95106     0,04894    911,148,683       96,83783          0,20350
2.7 Mr M Dally                               99,99883     0,00117    912,974,002       97,03183          0,00951
2.8 Mr RH Field                              99,99498     0,00502    912,978,280       97,03228          0,00905

3.  Re-appointment of external auditors      90,04185     9,95815    912,978,280       97,03228          0,00905

4.  Election of members of the Audit Committee
4.1 Mrs CJ Hess                              99,99872     0,00128    911,101,392       96,83281          0,20853
4.2 Mr NP Mageza                             99,93736     0,06264    911,101,392       96,83281          0,20853
4.3 Mr DTV Msibi                             99,95614     0,04386    911,101,392       96,83281          0,20853
4.4 Mr RV Smither                            99,80169     0,19831    911,101,392       96,83281          0,20853
4.5 Mr GM Steyn                              99,88583     0,11417    911,101,392       96,83281          0,20853
     
5.  Control of authorised but unissued
    shares                                   82,83059     17,16941   912,978,280       97,03228          0,00905

6.  Enabling resolution                      99,99883      0,00117   912,590,368       96,99106          0,05028
     
7.  Non-binding advisory vote in respect
    of the Remuneration Policy               88,59952     11,40048   912,974,680       97,03190          0,00943

8.  Non-binding advisory vote in respect
    of the Remuneration Implementation
    Report                                   97,62193      2,37807   912,974,680       97,03190          0,00943

Special Resolutions

1.  Financial assistance in terms of
    sections 44 and 45 of the Companies
    Act, 2008                                89,93393     10,06607   912,974,680       97,03190          0,00943

2.  Approval of non-executive directors’
    remuneration                             99,88521      0,11479   912,974,002       97,03183          0,00951

Total issued share capital is 940,901,560 shares.


DURBAN
20 November 2019

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

Date: 20/11/2019 05:16:00
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