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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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