STELLAR CAPITAL PARTNERS LIMITED - Report on proceedings at the annual general meeting

Report on proceedings at the annual general meeting

STELLAR CAPITAL PARTNERS LIMITED
Incorporated in the Republic of South Africa
(Registration number: 1998/015580/06)
Share code: SCP     ISIN: ZAE000198586
("Stellar Capital" or “the Company")

REPORT ON PROCEEDINGS AT THE ANNUAL GENERAL MEETING
The Company is pleased to advise shareholders that all the resolutions contained in the notice of annual
general meeting (“AGM” or “the meeting”) were passed by the required majority of votes by shareholders
present or represented by proxy at the AGM held at 09h30 today at Stellar Capital’s registered offices
situated at The Terraces, 25 Protea Road, Claremont, Cape Town.

                                        Votes cast                       Shares voted      Shares abstained
                                       disclosed as a                    disclosed as a    disclosed as a
                                       percentage in                     percentage in     percentage in
                                      relation to the                    relation to the   relation to the
                                      total number of                    total issued      total issued
                                      shares voted at     Number of      shares eligible   shares eligible
Resolutions                             the meeting       shares voted   to vote*          to vote*
                                      For       Against
Ordinary resolution number 1
Adoption of annual financial          100.00%   0.00%     804,956,075    77.85%            0.19%
statements

Ordinary resolution number 2
Director re-election                  89.47%    10.53%    804,956,075    77.85%            0.19%
(HC Steyn)

Ordinary resolution number 3
Director re-election                  89.15%    10.85%    781,289,678    75.56%            2.48%
(L Potgieter)

Ordinary resolution number 4
Appointment and remuneration of       98.46%    1.54%     804,956,075    77.85%            0.19%
Auditors

Ordinary resolution number 5          98.51%    1.49%     781,289,678    75.56%            2.48%
Appointment of Audit and Risk
Committee member – L Potgieter

Ordinary resolution number 6
Appointment of Audit and Risk         94.70%    5.30%     418,614,450    40.49%            37.55%
Committee member – MVZ Wentzel

Ordinary resolution number 7
Appointment of Audit and Risk         97.49%    2.51%     804,956,075    77.85%            0.19%
Committee member – DD Tabata

Ordinary resolution number 8
Appointment of Social and Ethics      97.49%    2.51%     804,956,075    77.85%            0.19%
Committee member – DD Tabata

Ordinary resolution number 9
Appointment of Social and Ethics      95.34%    4.66%     434,121,407    41.99%            36.06%
Committee member – MVZ Wentzel

Ordinary resolution number 10
Appointment of Social and Ethics      98.55%    1.45%     804,956,075    77.85%            0.19%
Committee member – PJ van Zyl

Ordinary resolution number 11
General authority to issue shares     77.92%    22.08%    804,951,570    77.85%            0.19%
for cash

Ordinary resolution number 12          
Approval of the remuneration policy   86.31%    13.69%    804,948,075    77.85%            0.19%

Ordinary resolution number 13
Approval of the remuneration          86.31%    13.69%    804,948,075    77.85%            0.19%
implementation report

Ordinary resolution number 14                                     
Renewal of Management Agreement       79.08%    20.92%    650,694,812    62.93%            15.11%

Ordinary resolution number 15                                      
Authorising resolution                98.56%    1.44%     804,948,075    77.85%            0.19%

Special resolution number 1
General authority to repurchase       93.93%    6.07%     804,963,595    77.85%            0.19%
shares

Special resolution number 2
Non-executive directors’              80.08%    19.92%    804,955,395    77.85%            0.19%
remuneration

Special resolution number 3           89.14%    10.86%    781,289,198    75.56%            2.48%
General authority to provide
financial assistance

Special resolution number 4
General authority to provide                                      
financial assistance for the
subscription of securities            79.44%    20.56%    789,456,638    76.35%            1.69%

*Total number of ordinary shares entitled to vote is 1,033,979,145 (issued share capital of 1,075,031,756
shares excluding 41,052,611 treasury shares).

The total number of ordinary shares that were present/represented at the annual general meeting:
806,923,175, being 78.04% of total number of Stellar Capital ordinary shares that could have been voted
at the annual general meeting.

The special resolutions will, where necessary, be lodged for registration with the Companies and
Intellectual Property Commission in due course.

Cape Town
26 November 2019

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

Date: 26-11-2019 03:00:00
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