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2016-08-25 SENS Adcorp Results of AGM - v5

Adcorp Holdings Limited 
(Incorporated in the Republic of South Africa) 
(Registration number 1974/001804/06) 
Share Code: ADR  ISIN: ZAE000000139 
(“Adcorp” or “the Company”)

RESULTS OF ANNUAL GENERAL MEETING 

Shareholders are advised that at the Annual General Meeting (“AGM”) of Adcorp shareholders held today at Adcorp’s registered office, Adcorp Office Park, Nicolway, Bryanston, all the ordinary and special resolutions as set out in the notice of the AGM contained in the Company`s 2016 Integrated Annual Report, dated 15 July 2016, were duly passed by the requisite majority votes of shareholders.

The voting results with respect to the proposed resolutions, as required in terms of section 3.91 of the JSE Listings Requirements, are as follows:

  • Total number of shares entitled to vote was 125 205 695, consisting of 108 382 846 ordinary shares and 16 822 849 B ordinary shares; and

  • Total number of shares voted in person or by proxy was 109 673 661, representing 87.59% of the total issued share capital of the Company entitles to vote.


 

Resolution Proposed

For ​Against ​Abstained ​
Shares% of shares votedShares% of shares votedShares% of total shares entitled to vote
Ordinary resolution number 1: Presentation of the annual financial statements109 673 661100%- - 
Ordinary resolution number 2: Election and re-election of directors      
2.1  A Guharoy109 412 73099.76%260 9310.24%--
2.2  MW Spicer109 625 661100%--48 0000.04%
2.3  NS Ndhlazi108 494 28298.93%1 178 3791.07%1 0000.00%
2.4  SN Mabaso-Koyana109 579 81999.92%92 8420.08%1 0000.00%
Ordinary resolution number 3: Election of Audit and Risk Committee members      
3.1  TDA Ross109 672 661100%--1 0000.00%
3.2  SN Mabaso-Koyana109 446 28899.79%226 3730.21%1 0000.00%
3.3  ME Mthunzi109 665 66199.99%7 0000.01%1 0000.00%
3.4  MW Spicer109 625 661100%--48 000

0.04%

 

Ordinary resolution number 4: Re-appointment of independent external auditors105 566 08496.25%4 107 5773.75%--
Ordinary resolution number 5: Place
2 000 000 of the authorised but unissued ordinary shares under the control of the directors
49 461 22059.88%33 142 25240.12%27 070 18921.62%

Ordinary resolution number 6: Non-binding advisory vote on

remuneration policy

47 207 95766.64%23 633 58433.36%38 832 12031.01%
Ordinary resolution number 7: Authority to implement resolutions passed at the AGM109 573 66199.91%100 0000.09%--
Special resolution number 1: Remuneration payable to non-executive directors99 677 28890.89%9 996 3739.11%--
Special resolution number 2: Repurchase of the Company's shares109 673 661100%----
Special resolution number 3: Financial assistance for the subscription of any debt securities and provision of loans or other financial assistance to present or future related or inter-related companies90 859 98882.85%18 813 67317.15%--

Bryanston                                                                      

25 August 2016

Sponsor: Deloitte & Touche Sponsor Services (Pty) Ltd   




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