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Results of the Annual General Meeting
Libstar Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number: 2014/032444/06)
JSE share code: LBR
ISIN: ZAE000250239
(“Libstar” or the "Company")
RESULTS OF THE ANNUAL GENERAL MEETING OF SHAREHOLDERS
Libstar shareholders are advised that the annual general meeting of the Company was held at 10h00 on Wednesday,
10 May 2020 (“Annual General Meeting”). In addition, shareholders are referred to the announcement relating to
the amendment to special resolution number 3 released on the JSE Stock Exchange News Service on Friday, 5
June 2020.
As at Friday, 29 May 2020, being the Annual General Meeting Record Date (“Voting Record Date”), the total number
of Libstar ordinary shares in issue (“Libstar Issued Ordinary Shares”) was 681 921 408.
The Libstar Issued Ordinary Shares eligible to vote by being present in person or by submitting proxies was 532 415
989, being 78,08% of the Libstar Issued Ordinary Shares.
The Audited Annual Financial Statements of the Libstar group for the year ended 31 December 2019, including the
directors’ report, the independent auditor’s report and various sub-committee reports, were presented to the
shareholders.
The voting results were as follows:
1. Ordinary Resolution Number 1 – Election of director
Shares
Total Shares voted
abstained
Director For(1) Against(1)
Number %(2) %(2)
(%) (%)
Mr CB de Villiers 99,88 0,12 531 743 140 77,98 0,10
2. Ordinary Resolution Number 2 – Rotation and re-election of directors
Shares
Total Shares voted
abstained
Directors For (1) Against(1)
Number %(2) %(2)
(%) (%)
2.1 Ms Wendy Luhabe 99,63 0,37 529 495 840 77,65 0,43
2.2 Mr JP Landman 100,00 0,00 531 003 715 77,87 0,21
3. Ordinary Resolution Number 3 – Appointment of Audit and Risk Committee members
Shares
Total Shares voted
abstained
Directors For(1) Against(1)
Number %(2) %(2)
(%) (%)
3.1 Ms Sibongile Masinga 99,48 0,52 529 495 840 77,65 0,43
3.2 Mr Sandeep Khanna 97,74 2,26 532 170 882 78,04 0,04
3.3 Mr JP Landman 99,61 0,39 529 729 726 77,68 0,39
4. Ordinary Resolution Number 4 – Re-appointment of Moore Cape Town Incorporated as independent
external auditor and Mr Alan Billson as the individual designated auditor
Shares
Total Shares voted
abstained
For (%)(1) Against (%)(1) Number %(2) %(2)
98,68 1,32 516 742 689 75,78 2,30
5. Ordinary Resolution Number 5 – Endorsement of the Remuneration Policy
Shares
Total Shares voted
abstained
For (%)(1) Against (%)(1) Number %(2) %(2)
74,50 25,50 532 166 634 78,04 0,04
6. Ordinary Resolution Number 6 – Endorsement of the Renumeration Implementation Report
Shares
Total Shares voted
abstained
For (%)(1) Against (%)(1) Number %(2) %(2)
75,58 24,42 532 166 634 78,04 0,04
7. Ordinary Resolution Number 7 – General authority to issue shares for cash
Shares
Total Shares voted
abstained
For (%)(1) Against (%)(1) Number %(2) %(2)
91,26 8,74 532 171 103 78,04 0,04
8. Ordinary Resolution Number 8 – General authorisation
Shares
Total Shares voted
abstained
For (%)(1) Against (%)(1) Number %(2) %(2)
99,92 0,08 530 128 298 77,74 0,34
9. Special Resolution Numbers 1.1 to 1.12 – Remuneration of Directors
Shares
Total Shares voted
abstained
Directors For Against(1)
Number %(2) %(2)
(%)(1) (%)
1.1 Board of directors:
99,78 0,22 532 166 634 78,04 0,04
Chairman
1.2 Board of directors:
100,00 0,00 279 275 815 40,95 37,12
Independent director
1.3 Audit and Risk Committee:
100,00 0,00 531 738 892 77,98 0,10
Chairman
1.4 Audit and Risk Committee:
100,00 0,00 531 738 892 77,98 0,10
Committee member
1.5 Remuneration Committee:
100,00 0,00 531 738 671 77,98 0,10
Chairman
1.6 Remuneration Committee:
100,00 0,00 531 738 671 77,98 0,10
Committee member
1.7 Social and Ethics Committee:
100,00 0,00 531 738 671 77,98 0,10
Chairman
1.8 Social and Ethics Committee:
100,00 0,00 531 738 671 77,98 0,10
Committee member
1.9 Nomination Committee:
100,00 0,00 530 999 246 77,87 0,21
Chairman
1.10 Nomination Committee:
100,00 0,00 531 738 671 77,98 0,10
Committee member
1.11 Investment and Strategy
Committee: 100,00 0,00 531 738 671 77,98 0,10
Chairman
1.12 Investment and Strategy
Committee: 100,00 0,00 531 738 671 77,98 0,10
Committee member
10. Special Resolution Number 2 – Financial assistance for related or inter-related companies
Shares
Total Shares voted
abstained
For (%)(1) Against (%)(1) Number %(2) %(2)
96,25 3,75 532 166 413 78,04 0,04
11. Special Resolution Number 3 – General authority to repurchase shares
Shares
Total Shares voted
abstained
For (%)(1) Against (%)(1) Number %(2) %(2)
94,43 5,57 532 166 634 78,04 0,04
(1) Expressed as a percentage of the total number of shares voted at the Annual General Meeting.
(2) Expressed as a percentage of Libstar Issued Ordinary Shares, being 681 921 408.
As ordinary resolution number 5, relating to the non-binding advisory endorsement on Libstar’s Remuneration Policy,
has been voted against by shareholders exercising more than 25% of the voting rights exercised, Libstar extends
an invitation to dissenting shareholders to engage with the Company by forwarding their concerns/questions to Mr
CB de Villiers on email compsecretary@libstar.co.za by close of business on 30 June 2020.
Johannesburg
10 June 2020
Sponsor
The Standard Bank of South Africa Limited
Date: 10-06-2020 05:05:00
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