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HUGE GROUP LIMITED - Results of General Meeting

Release Date: 26/02/2020 15:04
Code(s): HUG     PDF:  
 
Wrap Text
Results of General Meeting

HUGE GROUP LIMITED
(Registration number 2006/023587/06)
Share code: HUG ISIN: ZAE000102042
(“Huge” or “the Company”)


Results of General Meeting

Shareholders are advised that at the General Meeting of Huge shareholders (“GM”) held today, 26 February 2020, all
the special and ordinary resolutions proposed thereat, were approved by the requisite majority of votes.

-   The Company’s total issued share capital as at the Voting Record Date, being Friday, 21 February 2020 was
    175 627 077 ordinary shares, of which 10 384 915 are treasury shares and therefore 165 242 162 were considered
    to be voteable shares.
-   The number of the Company’s shares present / represented (including proxies) at the GM was 135 148 748.
-   JC Herbst was recused from voting on Special Resolution Number 1 and Ordinary Resolution Number 1. In respect
    of these resolutions, the total percentage of the Company’s shares present / represented (including proxies) at
    the GM in relation to the total issued share capital (excluding treasury shares) of the Company was 66.83%.
-   In respect of the remainder of the resolutions, the total percentage of the Company’s shares present / represented
    (including proxies) at the GM in relation to the total issued share capital (excluding treasury shares) of the
    Company was 81.79%.

The voting results are set out hereunder:

 Resolutions:                                              Shares voted       Abstained     Votes For       Votes
                                                                                                           against
                                                         Number       % (1)       % (1)         % (2)        % (2)
 
 Special resolution Number 1:                        110 427 039      62.88           *         81.99       18.01
 Approval of option granted to JC Herbst
 Special resolution Number 2:                        135 140 958      76.95           *         85.28        14.72
 Approval of option granted to AP Openshaw
 Special resolution Number 3:                        135 140 958      76.95           *         85.28        14.72
 Approval of option granted to SL Sequeira
 Ordinary resolution Number 1:                       110 427 039      62.88           *         81.99        18.01
 Approval of option granted to JC Herbst
 Ordinary resolution Number 2:                       135 140 958      76.95           *         85.28        14.72
 Approval of option granted to AP Openshaw

 Ordinary resolution Number 3:                       135 140 958      76.95           *         85.28        14.72
 Approval of option granted to SL Sequeira
 Ordinary resolution Number 4:                       135 140 958      76.95           *         85.28        14.72
 Directors’ authorisation

Notes:
 1. As a percentage of total ordinary shares in issue.
 2. As a percentage of shares voted.
 * Less than 0.01%.

 Johannesburg
 26 February 2020

 Transaction Sponsor
 Questco Corporate Advisory (Pty) Ltd

Date: 26-02-2020 03:04:00
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