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SEPHAKU HOLDINGS LIMITED - Results of the Annual General Meeting
Results of the Annual General Meeting Sephaku Holdings Limited (Incorporated in the Republic of South Africa) (Registration number: 2005/003306/06) Share code: SEP ISIN: ZAE000138459 ("SepHold" or "the Company") Results of the Annual General Meeting Shareholders are advised that at the Annual General Meeting of SepHold shareholders ("AGM") which was held on Thursday, 12 September 2019, all the ordinary and special resolutions proposed thereat, were approved by the requisite majority of votes. - The Company's total issued share capital as at the Voting Record Date, being Friday, 6 September 2019 was 208 216 175 ordinary shares - The total number of the Company's shares present/represented (including proxies) at the AGM was 131 501 128 - The total percentage of the Company's shares present/represented (including proxies) at the AGM in relation to the total issued share capital of the Company was 63.16% The voting results are set out hereunder: Resolutions Shares voted Votes Votes Votes Abstained for against Number % (1) % (1) % (2) % (2) Ordinary resolution number 1 131 314 635 63.07% 0.09% 99.99% 0.01% Re-appointment of BDO South Africa Incorporated as the Company's independent external auditor Ordinary resolution number 2.1 131 314 635 63.07% 0.09% 99.99% 0.01% Re-election of Ms MJ Janse van Rensburg as an independent non-executive director Ordinary resolution number 2.2 131 314 635 63.07% 0.09% 99.90% 0.10% Re-election of Mr MM Ngoasheng as an independent non-executive director Ordinary resolution number 3.1 131 314 635 63.07% 0.09% 99.99% 0.01% Appointment of Ms MJ Janse van Rensburg as a member and the Chairman of the Audit and Risk Committee Ordinary resolution number 3.2 131 314 635 63.07% 0.09% 98.68% 1.32% Appointment of Mr B Williams as a member of the Audit and Risk Committee Ordinary resolution number 3.3 131 314 635 63.07% 0.09% 99.90% 0.10% Appointment of Ms B Bulo as a member of the Audit and Risk Committee Ordinary resolution number 4.1 131 265 079 63.04% 0.11% 82.68% 17.32% Non-binding advisory vote on the SepHold remuneration policy Ordinary resolution number 4.2 131 265 079 63.04% 0.11% 82.68% 17.32% Non-binding advisory vote on the SepHold remuneration implementation report Ordinary resolution number 5 125 962 768 60.50% 2.66% 99.93% 0.07% Directors' authorising resolution Ordinary resolution number 6 131 314 635 63.07% 0.09% 90.79% 9.21% General authority to issue shares for cash Special resolution number 1 131 344 635 63.08% 0.08% 96.15% 3.85% General authority for the Company to repurchase its own securities Special resolution number 2 131 265 079 63.04% 0.11% 95.76% 4.24% Approval of the remuneration of non- executive directors Special resolution number 3 131 314 635 63.07% 0.09% 95.82% 4.18% General authority regarding the provision of financial assistance as contemplated in section 44 of the Companies Act for any beneficiary participating in any SepHold group incentive scheme Special resolution number 4 131 314 635 63.07% 0.09% 95.76% 4.24% General authority regarding the provision of financial assistance as contemplated in section 45 of the Companies Act for present or future subsidiaries Notes: 1. As a percentage of total shares in issue. 2. As a percentage of shares voted. Centurion 12 September 2019 ______________________________________________________________________________________________________________________________ Enquiries contact: Sakhile Ndlovu Sephaku Holdings Investor Relations 012 612 0210 Sponsor to Sephaku Holdings: Questco (Pty) Ltd About Sephaku Holdings Limited Sephaku Holdings Limited ("SepHold") is a building and construction materials company with a portfolio of investments in the cement sector in South Africa. SepHold's strategy is to generate growth and realise value for shareholders through the production of cement and ready mixed concrete in Southern Africa. The company's core investments are a 36% stake in Dangote Cement South Africa (Pty) Ltd (formerly Sephaku Cement (Pty) Ltd) and 100% in Métier Mixed Concrete (Pty) Ltd. www.sephakuholdings.com Date: 12/09/2019 04:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.