ELB GROUP LIMITED - Results of the Annual General Meeting

Results of the Annual General Meeting

 ELB GROUP LIMITED
 (Incorporated in the Republic of South Africa)
 (Registration number 1930/002553/06)
 (ISIN: ZAE000035101)
 (JSE Code: ELR)
 (“ELB” or “the Company”)

RESULTS OF THE ANNUAL GENERAL MEETING

ELB is pleased to advise shareholders that all the ordinary and special resolutions set out in the notice of
Annual General Meeting (“AGM”), were passed by the requisite majority of ordinary shareholders at the AGM
held today, 31 December 2020.

ELB has 28 473 542 ordinary shares in issue of which 23 037 793 were voted in person or by proxy at the
AGM, representing 81%.

Resolutions                                                             Votes      Votes        Abstained
                                             Shares voted
                                                                        For        Against
                                             Number         % (1)       % (2)      % (2)        % (1)
Ordinary Resolutions
Ordinary resolution number 1.3               23 019 291     80.84       91.08      8.92         0.06
Appointment of BDO South Africa Inc. as
external auditor with Mr. B van der Walt
as the individual designated auditor
Confirmation of directors’
appointments
Ordinary resolution number 1.4               23 034 291     80.90       98.25      1.75         0.01
Confirmation of the election of Mr CE
Pettit as an executive director
Ordinary resolution number 1.5               23 019 291     80.84       98.31      1.69         0.06
Confirmation of the election of Ms AMT
Spagnuolo as an executive director
Re-election of directors
Ordinary resolution number 1.6               23 019 291     80.84       98.34      1.66         0.06
Re-election of Ms B Makhunga as an
independent non-executive director
Ordinary resolution number 1.7               23 019 291     80.84       98.34      1.66         0.06
Re-election of Mr JC van Zyl as the lead
independent non-executive director and
chairman of the board
Ordinary resolution number 1.8               23 019 291     80.84       90.91      9.09         0.06
Re-election of Mr PJ Blunden as a non-
executive director
Re-election/election of members of the
Audit and Risk Committee:
Ordinary resolution number 1.9               23 019 291     80.84       98.34      1.66         0.06
Re-election of Ms B Makhunga as a
member of the Audit and Risk Committee
Ordinary resolution number 1.10              23 019 291     80.84       98.34      1.66         0.06
Re-election of Ms R Nkabinde as a
member of the Audit and Risk Committee
Ordinary resolution number 1.11              23 019 291     80.84       98.34      1.66         0.06
Re-election of Mr JC van Zyl as a member
of the Audit and Risk Committee
Advisory endorsement – non-binding
advisory votes
Ordinary resolution number 1.12              23 019 291     80.84       98.33      1.67         0.06
Approval of the Company’s Remuneration
Policy
Ordinary resolution number 1.13              23 019 291     80.84       98.33      1.67         0.06
Approval of the Company’s Remuneration
Implementation Report
Ordinary resolution number 1.15              23 034 291     80.90       90.65      9.35         0.01
General authority to issue shares for cash
Special Resolutions:
Special resolution number 2.1                23 034 020     80.90       98.27      1.73         0.01
General authority to provide financial
assistance to related and inter-related
companies
Special resolution number 2.2                23 019 291     80.84       98.33      1.67         0.06
Approval of the non-executive directors’
remuneration for the calendar years
ending 31 December 2020 and 2021
Special resolution number 2.3                23 034 291     80.90       98.34      1.66         0.01
General authority to repurchase shares 


Notes:
1. As a percentage of total ordinary shares in issue.
2. As a percentage of shares voted.



Boksburg
31 December 2020

Sponsor
Questco Corporate Advisory Proprietary Limited

Date: 31-12-2020 11:02:00
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