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KAAP AGRI LIMITED - Results Of The Annual General Meeting

Release Date: 11/02/2021 17:15
Code(s): KAL     PDF:  
Wrap Text
Results Of The Annual General Meeting

KAAP AGRI LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2011/113185/06)
Share code: KAL
ISIN: ZAE000244711
(“Kaap Agri” or “the Company”)

RESULTS OF THE ANNUAL GENERAL MEETING

Shareholders are hereby advised that at the annual general meeting of the Company,
conducted entirely by electronic means via a virtual platform at 12:30 p.m. today, Thursday,
11 February 2021 (“AGM”), all of the resolutions were passed by the requisite majorities of
the Company’s shareholders.

Details of the results of the voting at the AGM are as follows:

                                    Votes
                      Votes for     against
                      resolution    resolution
                      as a          as a                         Number of      Number of
                      percentage    percentage                   shares         shares
                      of total      of total                     voted at       abstained
                      number of     number of      Number of     AGM as a       as a
Resolutions           shares        shares         shares        percentage     percentage
proposed at the       voted at      voted at       voted at      of shares in   of shares in
AGM                   AGM           AGM            AGM           issue*         issue*

Ordinary resolution   100%          0.00%          52,016,525    70.13%         0.00%
number 1:
Reappointment of
Pricewaterhouse
Coopers Inc. as the
auditor

Ordinary resolution   100%          0.00%          52,016,525    70.13%         0.00%
number 2:
To re-elect Mr BS
du Toit as director

Ordinary resolution   100%          0.00%          51,948,525    70.04%         0.00%
number 3:
To re-elect Dr EA
Messina as director

Ordinary resolution   100%          0.00%          51,948,525    70.04%         0.00%
number 4:
To re-elect Dr WC
Michaels as
director

Ordinary resolution   97.12%        2.88%          51,948,525    70.04%         0.00%
number 5:
To reappoint Mr CA
Otto as member of
the Audit and Risk
committee

Ordinary resolution   100%          0.00%          51,948,525    70.04%         0.00%
number 6:
To reappoint Mrs D
du Toit as member
of the Audit and
Risk committee

Ordinary resolution   100%          0.00%          51,948,525    70.04%         0.00%
number 7:
To reappoint Mr BS
du Toit as member
of the Audit and
Risk committee

Ordinary resolution   100%          0.00%          51,944,075    70.03%         0.01%
number 8:
Non-binding
endorsement of
Kaap Agri’s
remuneration policy

Ordinary resolution   100%          0.00%          51,944,075    70.03%         0.01%
number 9:
Non-binding
endorsement of
Kaap Agri’s
implementation
report on the
remuneration policy

Ordinary resolution   99.99%        0.01%          51,948,525    70.04%         0.00%
number 10:
General authority to
issue ordinary
shares for cash

Special resolution    100%          0.00%          51,949,075    70.04%         0.00%
number 1:
Approval of non-
executive directors’
remuneration

Special resolution    100%          0.00%          51,948,525    70.04%         0.00%
number 2:
Share repurchases
by the Company
and its subsidiaries

Special resolution    100%          0.00%          51,943,525    70.03%         0.01%
number 3:
Inter-company
financial assistance

Special resolution    100%          0.00%          51,948,525    70.04%         0.00%
number 4:
Financial
assistance for the
subscription and/or
purchase of shares
in the Company or
a related or inter-
related company

Note:
*Total number of shares in issue as at the date of the AGM was 74,170,277, of which
3,889,282 were treasury shares.

Paarl
11 February 2021

Sponsor
PSG Capital

Date: 11-02-2021 05:15:00
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