To view the PDF file, sign up for a MySharenet subscription.

SHOPRITE HOLDINGS LIMITED - Results of annual general meeting

Release Date: 16/11/2020 16:28
Code(s): SHP     PDF:  
Wrap Text
Results of annual general meeting

Shoprite Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number 1936/007721/06)
ISIN no: ZAE000012084
JSE share code: SHP
NSX share code: SRH
LUSE share code: SHOPRITE
(“Shoprite Holdings” or the “Company”)

RESULTS OF ANNUAL GENERAL MEETING

Shareholders are advised that the voting results for the annual general meeting (“AGM”) of Shoprite Holdings shareholders held electronically on 16 November 2020 were as follows:

Resolution                                    Number of shares voted     Percentage of shares in         In favour of**                 Against**                  Abstained***
                                                                                  issue*                       %                            %                           %
                                                                                    %
                                           Ordinary         Deferred     Ordinary      Deferred      Ordinary      Deferred       Ordinary      Deferred       Ordinary      Deferred
                                             shares           shares       shares        shares        shares        shares         shares        shares         shares        shares

Ordinary resolution number 1:           418 501 386      264 969 112        70.77         86.70         99.93        100.00           0.07          0.00           0.25          0.00
Approval of Annual Financial
Statements
Ordinary resolution number 2:           419 113 487      264 969 112        70.88         86.70         64.17        100.00          35.83          0.00           0.15          0.00
Re-appointment of auditors
Ordinary resolution number 3:           419 111 397      264 969 112        70.88         86.70         98.88        100.00           1.12          0.00           0.15          0.00
Re-election of Ms W Lucas-Bull
Ordinary resolution number 4:           419 111 827      264 969 112        70.88         86.70         87.64        100.00          12.36          0.00           0.15          0.00
Re-election of Dr ATM Mokgokong
Ordinary resolution number 5:           419 111 837      264 969 112        70.88         86.70         98.64        100.00           1.36          0.00           0.15          0.00
Re-election of Mr JF Basson
Ordinary resolution number 6:           419 111 827      264 969 112        70.88         86.70         92.74        100.00           7.26          0.00           0.15          0.00
Re-election of Mr JA Rock
Ordinary resolution number 7:           419 111 137      264 969 112        70.87         86.70         80.25        100.00          19.75          0.00           0.15          0.00
Appointment of Mr JF Basson as
Chairperson and member of the
Shoprite Holdings Audit and Risk
Committee
Ordinary resolution number 8:           419 111 827      264 969 112        70.88         86.70         98.39        100.00           1.16          0.00           0.15          0.00
Appointment of Ms AM le Roux as
member of the Shoprite Holdings
Audit and Risk Committee   
Ordinary resolution number 9:           419 111 827      264 969 112        70.88         86.70         98.32        100.00           1.68          0.00           0.15          0.00
Appointment of Mr JA Rock as
member of the Shoprite Holdings
Audit and Risk Committee
Ordinary resolution number 10:          419 109 247      264 969 112        70.87         86.70         83.48        100.00          16.52          0.00           0.15          0.00
General authority over unissued
ordinary shares
Ordinary resolution number 11:          419 107 676      264 969 112        70.87         86.70         84.45        100.00          15.55          0.00           0.15          0.00
General authority to issue ordinary
shares for cash
Ordinary resolution number 12:          419 108 867      264 969 112        70.87         86.70        100.00        100.00           0.00          0.00           0.15          0.00
General authority to Directors
and/or Company Secretary
Ordinary resolution number 13.1:        403 700 251     264 969 112         68.27         86.70         52.43        100.00          47.57          0.00           2.76          0.00
Non-binding advisory vote on the
Remuneration policy of Shoprite
Holdings
Ordinary resolution number 13.2:        395 405 921     264 969 112         66.87         86.70         35.44        100.00          64.56          0.00           4.16          0.00
Non-binding advisory vote on the
implementation of the remuneration
policy
Special resolution number 1:
Remuneration payable to Non-
executive Directors:     
 a) Chairperson of the Board            419 103 709     264 969 112         70.87         86.70         88.84        100.00          11.16          0.00           0.15          0.00
 b) Lead Independent Director           403 700 410     264 969 112         68.27         86.70         66.59        100.00          33.41          0.00           2.76          0.00
 c) Non-executive Director              419 104 409     264 969 112         70.87         86.70         99.32        100.00           0.68          0.00           0.15          0.00
 d) Chairperson of the Audit and        419 104 409     264 969 112         70.87         86.70         99.94        100.00           0.06          0.00           0.15          0.00
    Risk Committee
 e) Member of the Audit and Risk        419 103 709     264 969 112         70.87         86.70         99.94        100.00           0.06          0.00           0.15          0.00
    Committee
 f) Chairperson of the                  419 104 409     264 969 112         70.87         86.70         99.25        100.00           0.75          0.00           0.15          0.00
    Remuneration Committee   
 g) Member of the Remuneration          419 104 409     264 969 112         70.87         86.70         99.94        100.00           0.06          0.00           0.15          0.00
    Committee
 h) Chairperson of the Nomination       419 104 409     264 969 112         70.87         86.70         99.53        100.00           0.47          0.00           0.15          0.00
    Committee   
 i) Member of the Nomination            419 103 709     264 969 112         70.87         86.70         99.93        100.00           0.07          0.00           0.15          0.00
    Committee
 j) Chairperson of the Social and       419 110 654     264 969 112         70.87         86.70         99.96        100.00           0.04          0.00           0.15          0.00
    Ethics Committee
 k) Member of the Social and Ethics     419 110 654     264 969 112         70.87         86.70         99.95        100.00           0.05          0.00           0.15          0.00
    Committee
Special resolution number 2             419 106 357     264 969 112         70.87         86.70         95.27        100.00           4.73          0.00           0.15          0.00
Financial assistance to subsidiaries,
related and inter-related entities
Special resolution number 3             418 876 540     264 969 112         70.84         86.70         97.61        100.00           2.39          0.00           0.19          0.00
General authority to repurchase
shares
Special resolution number 4             419 101 864     264 969 112         70.87         86.70         85.10        100.00          14.90          0.00           0.15          0.00
Approval of amendment to sub-
clauses of clause 33 of the
Memorandum of Incorporation of
the Company

 *        Based on 555 901 930 ordinary shares (591 338 502 ordinary shares less 35 436 572 treasury shares) and 264 969 112 deferred shares (305 621 601 deferred shares less 40 652 489
          deferred shares which are currently restricted from voting) in issue at the date of the AGM.
 **       In relation to the total number of shares voted at the AGM.
 ***      In relation to the total number of shares in issue at the date of the AGM.

Based on the above voting results, all resolutions were passed by the requisite majority of Shoprite Holdings shareholders present in person or represented by proxy at the AGM.

Shareholders are further advised that due to Ordinary resolutions number 13.1 and 13.2 relating to the non-binding advisory votes on the remuneration policy and the implementation of
the remuneration policy being voted against by more than 25% of Shoprite Holdings shareholders represented at the AGM, an invitation will be extended to such dissenting shareholders to
engage with the Company, as required by the JSE Listings Requirements. The Company will issue a further announcement shortly including details of the manner and timing of such
engagement.


Cape Town
16 November 2020

Sponsor
Nedbank Corporate and Investment Banking

Date: 16-11-2020 04:28:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.

Share This Story