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PHUMELELA GAMING & LEISURE LIMITED - Report on Annual General Meeting proceedings and Changes to the Board

Release Date: 22/01/2020 07:05
Code(s): PHM     PDF:  
 
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Report on Annual General Meeting proceedings and Changes to the Board

Phumelela Gaming &Leisure Limited
(Incorporated in the Republic of South Africa)
(Registration number 1997/016610/06)
Share code: PHM
ISIN: ZAE000039269
(“Phumelela” or “the Company”)


  REPORT ON ANNUAL GENERAL MEETING PROCEEDINGS AND CHANGES TO THE BOARD

  Phumelela shareholders are advised that at the Annual General Meeting of members held on
  21 January 2020, the ordinary and special resolutions proposed in the Notice of Annual
  General Meeting were passed with the requisite majority votes, except for Ordinary Resolutions
  7 and 8 as well as Special Resolution 3.

  In this regard, Phumelela confirms the voting statistics from the Annual General Meeting as
  follows:

                                                                            %         Number
  Total number of shares that could be voted at meeting                     100%      99 969 347
  Total number of shares present/represented including proxies at           80%       79 481 790
  meeting (including shares abstained from voting)


                                       Votes in      %           Votes         %         Abstention %
                                       favour                  against                   s

 
  Ordinary resolution 1: To            78 911 790   99.82%     140 000         0,18%     430 000      0,43%
  receive and adopt the annual
  financial statement for the year
  ended 31 July 2019


  Ordinary resolution 2: Re-           63 415 300   80,22%   15 636 490       19,78%     430 000      0,43%
  election of the following
  Director: Mr. JB Walters



  Ordinary resolution 3: Re-           71 700 231   90,70%    7 351 577        9,30%     430 000      0,43%
  election of the following
  Director: Dr. E Nkosi


 Ordinary resolution 4: Reelection of  71 495 928   90,44%    7 555 862        9,56%     430 000      0,43%
 the following Director: Mrs. NJ
 Mboweni


 Ordinary resolution 5.1: To elect     78 911 790   99,82%      140 000        0,18%     430 000      0,43%
 the following Risk and Audit
 committee member: Mr. S Muller
 
 Ordinary resolution 5.2: To elect     63 292 283   80,06%   15 759 507       19,94%     430 000      0,43%
 the following Risk and Audit
 committee member: Mr. JB
 Walters

 Ordinary resolution 5.3: To elect     74 067 597   93,70%    4 984 193        6,30%    430 000       0,43%
 the following Risk and Audit
 committee member: Mr. SA
 Mahlalela

 Ordinary resolution 5.4: To elect     71 372 911   90,29%    7 678 879        9,71%    430 000       0,43%
 the following Risk and Audit
 committee member- Ms. NJ
 Mboweni

 Ordinary resolution 6:                75 887 428   96,00%    3 164 362        4,00%     430 000      0,43%
 Reappointment of KPMG Inc. as
 independent auditors for the
 ensuing year

 Ordinary resolution 7: Placement of    26 210 297   33,16%   52 841 009        66,84%    430 484     0,43%
 shares under the control of the
 directors


 Ordinary resolution 8: General         25 902 309   32,77%   53 149 481        67,23%    430 000     0,43%
 authority to issue shares for cash


 Ordinary resolution 9: To endorse      63 292 283   80,06%   15 759 507        19,94%    430 000     0,43%
 non-binding advisory vote on
 Remuneration Policy


 Ordinary resolution 10: To endorse     63 292 283   80,06%   15 759 507        19,94%    430 000     0,43%
 non-binding advisory vote on
 Remuneration implementation
 report

 Special resolution 1: To approve       65 268 520   82,57%   13 782 441        17,43%    430 829     0,43%
 the non-executive directors'
 remuneration for the ensuing year

 Special resolution 2: To enable        69 219 982   90,96%    6 882 495         9,04%   3 382 313    3,38%
 the provision of financial
 assistance to related or
 interrelated companies or
 corporations or directors and
 prescribed officers

 Special resolution 3: A general       39 703 648    50,23%   39 347 313        49,77%     430 829     0,43%
 approval for the Company to
 acquire Phumelela Gaming and
 Leisure Limited Shares



CHANGES TO THE BOARD

Shareholders are advised that Mr Bernard Kantor has retired with effect from 21 January 2020
after serving the Board for the past 20 years. Mr Moses Tembe, currently serving as Lead
Independent Director, has been appointed chairman of the Board with immediate effect.

The Board would like to thank Mr Kantor for his contribution and leadership as chairman and
welcomes Mr Tembe in his new role. The Board also wishes Mr Kantor every success in his future
endevours.




Johannesburg
21 January 2020


Sponsor
Investec Bank Limited

Date: 22-01-2020 07:05:00
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