MUSTEK LIMITED - Results Of Annual General Meeting (Agm)

Results Of Annual General Meeting (“Agm”)

Mustek Limited
(Incorporated in the Republic of South Africa)
(Registration number 1987/070161/06)
Share code: MST & ISIN: ZAE000012373
(“Mustek” or “the Company”)

RESULTS OF ANNUAL GENERAL MEETING (“AGM”)

The AGM of Mustek shareholders was held today, Monday, 30 November 2020. All the special and
ordinary resolutions as set out in the notice of AGM to shareholders, dated 30 October 2020, were
approved by the requisite majority of shareholders.

Details of the results of voting at the annual general meeting are as follows:
   . total number of Mustek shares that could have been voted at the AGM: 70 000 000
   . total number of Mustek shares that were present/represented at the AGM: 53 041 426,
        representing 75,77% of the total number of Mustek shares that could have been voted at the
        AGM.

The special resolutions will be filed with the Companies and Intellectual Property Commission.

The voting details with respect to the proposed resolutions were as follows:




                                         For            Against        Abstained, in   Shares
                                                                       relation to     voted
                                                                       total shares
                                                                       in issue
 Ordinary resolution number 1: To
 re-elect Vukile Mehana as director
 Number of shares                        51 558 914     1 462 116      20 396          53 021 030
 Percentage                              97,24%         2,76%          0,03%           75,74%

 Ordinary resolution number 2: To
 re-elect Mdu Gama as director
 Number of shares                        42 387 641     10 633 389     20 396          53 021 030
 Percentage                              79,94%         20,06%         0,03%           75,74%

 Ordinary resolution number 3: To
 re-elect David Kan as director
 Number of shares                        52 959 262     61 768         20 396          53 021 030
 Percentage                              99,88%         0,12%          0,03%           75,74%

 Ordinary resolution number 4:
 Confirmation of auditor’s
 appointment
 Number of shares                        52 214 407     806 623        20 396          53 021 030
 Percentage                              98,48%         1,52%          0,03%           75,74%

 Ordinary resolution number 5:
 Appointment of Lindani Dhlamini
 to Audit and Risk Committee
 Number of shares                        53 021 030     -              20 396          53 021 030
 Percentage                              100,00%        0,00%          0,03%           75,74%
Ordinary resolution number 6:
Appointment of Ralph Patmore to
Audit and Risk Committee
Number of shares                     42 325 873   10 695 157   20 396   53 021 030
Percentage                           79,83%       20,17%       0,03%    75,74%

Ordinary resolution number 7:
Appointment of Mdu Gama to
Audit and Risk Committee
Number of shares                     42 387 641   10 633 389   20 396   53 021 030
Percentage                           79,94%       20,06%       0,03%    75,74%

Ordinary resolution number 8: 8.1
Endorsement of remuneration
policy
Number of shares                     52 424 305   596 725      20 396   53 021 030
Percentage                           98,87%       1,13%        0,03%    75,74%

Ordinary resolution number 8:8.2
Endorsement of the
implementation report
Number of shares                     35 485 665   17 535 365   20 396   53 021 030
Percentage                           66,93%       33,07%       0,03%    75,74%

Ordinary resolution number 9:
Placing of shares under the
directors’ control
Number of shares                     51 620 682   1 400 348    20 396   53 021 030
Percentage                           97,36%       2,64%        0,03%    75,74%

Ordinary resolution number 10:
General authority to issue shares
for cash
Number of shares                     51 620 682   1 400 348    20 396   53 021 030
Percentage                           97,36%       2,64%        0,03%    75,74%

Ordinary resolution number 11:
Authority to action
Number of shares                     53 021 030   -            20 396   53 021 030
Percentage                           100,00%      0,00%        0,03%    75,74%

Special resolution number 1:
Remuneration of non-executive
directors
Number of shares                     52 424 305   596 725      20 396   53 021 030
Percentage                           98,87%       1,13%        0,03%    75,74%

Special resolution number 2:
Financial assistance to related
and inter-related companies
Number of shares                     53 021 030   -            20 396   53 021 030
Percentage                           100,00%      0,00%        0,03%    75,74%

Special resolution number 3:
General authority to the company
and its subsidiaries to repurchase
shares
Number of shares                     53 021 030   -            20 396   53 021 030
 Percentage                        100,00%       0,00%        0,03%   75,74%



Midrand
30 November 2020

Sponsor: Deloitte & Touche Sponsor Services Proprietary Limited

Date: 30-11-2020 03:34:00
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