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BELL EQUIPMENT LIMITED - Results of Annual General Meeting

Release Date: 18/06/2021 17:50
Code(s): BEL     PDF:  
Wrap Text
Results of Annual General Meeting

Bell Equipment Limited
(Incorporated in the Republic of South Africa)
Registration number: 1968/013656/06
Share code: BEL
ISIN: ZAE000028304
(“Bell” or “the Company”)

RESULTS OF THE ANNUAL GENERAL MEETING OF BELL EQUIPMENT LIMITED HELD ON 18 JUNE 2021

Shareholders are advised that the results of the business conducted at the 53rd annual general meeting held virtually on Friday; 18 June 2021 are as follows:

 Total number of shares in issue                                                                                                95 629 385
 Treasury shares (excluded from voting)                                                                                             32 233
 Total number of shares (“voteable shares”)                                                                                     95 597 152
 Total number of shares represented (including proxies) at the General Meeting                                                  81 244 928
 Proportion of total voteable shares represented at the General Meeting                                                             84,99%


Annual financial statements
The annual financial statements of the Company, incorporating the external auditor, audit committee and directors’ reports for the year ended 31 December 2020,
were presented.

Details of the results of voting at the annual general meeting are as follows:
                                                        Votes cast disclosed as a                                         Shares
                                                                                                    Shares voted
                                                        percentage of the total                                         abstained
                                                                                                    disclosed as a
                                                        number of shares voted       Number of                        disclosed as a
                     Resolution                                                                     percentage of
                                                            at the meeting          Shares Voted                      percentage of
                                                                                                       the total
                                                                                                                     the total issued
                                                                                                    issued shares
                                                        For              Against                                          shares
Ordinary Resolution Number 1: Elect A Goordeen as
executive alternate director                                   96,81%      3,19%       81 241 128          84,95%             0,00%
Ordinary Resolution Number 2.1: To re-elect directors
who retire by rotation - R Naidu                               96,81%      3,19%       81 241 128          84,95%             0,00%
Ordinary Resolution Number 2.2: To re-elect directors
who retire by rotation - M Ramathe                             96,81%      3,19%       81 241 128          84,95%             0,00%
Ordinary Resolution Number 2.3: To re-elect directors
who retire by rotation - A Bell                                96,81%      3,19%       81 238 530          84,95%             0,01%
Ordinary Resolution Number 3.1: Election of D
Lawrance, an independent non-executive director, as
a member of the audit committee until the conclusion
of the annual general meeting to be held in 2022               96,81%      3,19%       81 241 128          84,95%             0,00%
Ordinary Resolution Number 3.2: Election of R Naidu,
an independent non-executive director, as a member
of the audit committee until the conclusion of the
annual general meeting to be held in 2022                      96,81%      3,19%       81 241 128          84,95%             0,00%
Ordinary Resolution Number 3.3: Election of M
Ramathe, an independent non-executive director, as a
member of the audit committee until the conclusion
of the annual general meeting to be held in 2022               96,81%      3,19%       81 241 128          84,95%             0,00%
Ordinary Resolution Number 3.4: Election of J Barton,
an independent non-executive director, as a member
of the audit committee until the conclusion of the
annual general meeting to be held in 2022                      95,56%      4,44%       81 241 128          84,95%             0,00%
Ordinary Resolution Number 4: Appointment of
Deloitte & Touche as the independent auditors of the
company until the conclusion of the AGM to be held in
2022                                                           97,40%      2,60%       81 241 128          84,95%             0,00%
Ordinary Resolution Number 5: Placement of certain
of the authorised but unissued shares under the
control of the directors                                89,05%   10,95%   81 241 128   84,95%   0,00%
Non-binding Resolution Number 1: Non-binding
advisory vote on the company’s remuneration policy      95,38%    4,62%   81 241 128   84,95%   0,00%
Non-binding Resolution Number 2: Non-binding
advisory vote on the company’s remuneration
implementation report                                   95,49%    4,51%   81 241 128   84,95%   0,00%
Special Resolution Number 1: General authority for
the provision of financial assistance in terms of
Section 44 of the Companies Act                         96,61%    3,39%   81 241 128   84,95%   0,00%
Special Resolution Number 2: General authority for
the provision of financial assistance in terms of
Section 45 of the Companies Act                         96,81%    3,19%   81 241 128   84,95%   0,00%

Special Resolution Number 3.1: Annual retainer fee:
Non-executive chairman
                                                        96,80%    3,20%   80 987 528   84,69%   0,27%

 Special Resolution Number 3.2: Annual retainer fee -
Lead independent non-executive director
                                                        96,81%    3,19%   81 241 128   84,95%   0,00%

Special Resolution Number 3.3: Annual retainer fee -
Non-executive directors
                                                        96,63%    3,37%   81 241 128   84,95%   0,00%
 Special Resolution Number 3.4: Fees paid per meeting
to the chairman of the board and the chairmen of the
board committees - Board                                96,81%    3,19%   81 241 128   84,95%   0,00%
 Special Resolution Number 3.5: Fees paid per meeting
to the chairman of the board and the chairmen of the
board committees - Audit committee                      96,81%    3,19%   81 241 128   84,95%   0,00%
 Special Resolution Number 3.6: Fees paid per meeting
to the chairman of the board and the chairmen of the
board committees - Risk and sustainability committee    96,81%    3,19%   81 241 128   84,95%   0,00%
 Special Resolution Number 3.7: Fees paid per meeting
to the chairman of the board and the chairmen of the
board committees - Nominations committee                96,81%   3,19%   81 241 128   84,95%   0,00%
 Special Resolution Number 3.8: Fees paid per meeting
to the chairman of the board and the chairmen of the
board committees - Remuneration committee               96,81%   3,19%   81 241 128   84,95%   0,00%
 Special Resolution Number 3.9: Fees paid per meeting
to the chairman of the board and the chairmen of the
board committees - Social, ethics and transformation
committee                                               96,81%   3,19%   81 241 128   84,95%   0,00%
 Special Resolution Number 3.10: Fees paid per
meeting to the chairman of the board and the
chairmen of the board committees - Fees paid per
meeting to the lead independent non-executive
director per board meeting                              96,81%   3,19%   81 241 128   84,95%   0,00%
 Special Resolution Number 3.11: Fees paid to non-
executive directors including the chairman of the
board and the chairmen of the board committees per
meeting - Board                                         96,63%   3,37%   81 241 128   84,95%   0,00%
Special Resolution Number 3.12: Fees paid to non-
executive directors including the chairman of the
board and the chairmen of the board committees per
meeting - Audit committee                               96,81%   3,19%   81 241 128   84,95%   0,00%
Special Resolution Number 3.13: Fees paid to non-
executive directors including the chairman of the
board and the chairmen of the board committees per
meeting - Risk and sustainability committee             96,81%   3,19%   81 241 128   84,95%   0,00%
Special Resolution Number 3.14: Fees paid to non-
executive directors including the chairman of the
board and the chairmen of the board committees per
meeting - Nominations committee                         96,81%   3,19%   81 241 128   84,95%   0,00%
Special Resolution Number 3.15: Fees paid to non-
executive directors including the chairman of the
board and the chairmen of the board committees per
meeting - Remuneration committee                        96,81%   3,19%   81 241 128   84,95%   0,00%
 Special Resolution Number 3.16: Fees paid to non-
 executive directors including the chairman of the
 board and the chairmen of the board committees per
 meeting - Social, ethics and transformation committee             96,81%       3,19%         81 241 128            84,95%             0,00%
 Special Resolution Number 3.17: Fees paid to non-
 executive directors including the chairman of the
 board and the chairmen of the board committees per
 meeting - Bell Equipment audit services committee                 96,81%       3,19%         81 241 128            84,95%             0,00%
 Special Resolution Number 3.18: Fees paid to non-
 executive directors including the chairman of the
 board and the chairmen of the board committees per
 meeting - Ad hoc committees                                       96,81%       3,19%         81 241 128            84,95%             0,00%
  Special Resolution Number 4: General authority to
 repurchase shares                                                 94,01%       5,99%         81 241 128            84,95%             0,00%


Accordingly, all the resolutions as set out in the notice of annual general meeting, were passed by the requisite majority of votes.

The special resolutions will, to the extent necessary, be filed and registered with the Companies and Intellectual Property Commission.



Richards Bay
18 June 2021

Sponsor: Investec Bank Limited

Date: 18-06-2021 05:50:00
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