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Results of the 2019 Annual General Meeting
ABSA GROUP LIMITED
(Formerly known as Barclays Africa Group Limited)
Incorporated in the Republic of South Africa
Registration number: 1986/003934/06
ISIN: ZAE000255915
JSE share code: ABG
(“the Company”)
RESULTS OF THE 2019 ANNUAL GENERAL MEETING (AGM)
In accordance with paragraph 3.91 of the JSE Limited Listings
Requirements, shareholders are advised that at the AGM of the Company
held on Tuesday, 4 June 2019, the resolutions set out in the notice
of AGM sent to shareholders together with the integrated report for
the year ended 31 December 2018, were passed by the requisite majority
of votes. A total of 633,631,667 shares were present or represented
at the meeting, representing 74.74% of the Company’s total issued
ordinary share capital.
Ordinary Total shares Shares Shares Shares
resolutions voted (for or voted for: voted abstained:
against): against:
1. Re-appointment of the Company’s external auditor
1.1 Ernst & 633 146 028 559 188 631 73 957 397 485 639
Young Inc. % of total % of shares % of shares % of total
issued shares voted voted issued
shares
74.69% 88.32% 11.68% 0.06%
2. Re-election of retiring directors
2.1 Alex Darko 632 440 140 630 392 073 2 048 067 1 191 527
% of total % of shares % of shares % of total
issued shares voted voted issued
shares
74.60% 99.68% 0.32% 0.14%
2.2 Daisy 632 440 140 623 851 320 8 588 820 1 191 527
Naidoo % of total % of shares % of shares % of total
issued shares voted voted issued
shares
74.60% 98.64% 1.36% 0.14%
2.3 Francis 632 100 140 630 939 503 1 160 637 1 531 527
Okomo-Okello % of total % of shares % of shares % of total
issued shares voted voted issued
shares
74.56% 99.82% 0.18% 0.18%
2.4 Mohamed 632 440 140 619 881 637 12 558 503 1 191 527
Husain % of total % of shares % of shares % of total
issued shares voted voted issued
shares
74.60% 98.01% 1.99% 0.14%
2.5 Peter 628 830 531 625 202 930 3 627 601 4 801 136
Matlare % of total % of shares % of shares % of total
issued shares voted voted issued
shares
74.18% 99.42% 0.58% 0.57%
3. Election of new director appointed after the last AGM
3.1 Sipho 632 805 136 589 755 456 43 049 680 826 531
Pityana % of total % of shares % of shares % of total
issued shares voted voted issued
shares
74.65% 93.20% 6.80% 0.10%
4. Re-appointment of the Group Audit and Compliance Committee members
4.1 Alex Darko 632 440 140 630 622 396 1 817 744 1 191 527
% of total % of shares % of shares % of total
issued shares voted voted issued
shares
74.60% 99.71% 0.29% 0.14%
4.2 Colin Beggs 632 440 140 624 527 267 7 912 873 1 191 527
% of total % of shares % of shares % of total
shares voted voted issued
shares
74.60% 98.75% 1.25% 0.14%
4.3 Daisy 632 440 140 625 609 080 6 831 060 1 191 527
Naidoo % of total % of shares % of shares % of total
shares voted voted issued
shares
74.60% 98.92% 1.08% 0.14%
4.4 Mohamed 632 440 140 615 489 158 16 950 982 1 191 527
Husain % of total % of shares % of shares % of total
shares voted voted issued
shares
74.60% 97.32% 2.68% 0.14%
4.5 Tasneem 632 440 140 632 339 851 100 289 1 191 527
Abdool-Samad % of total % of shares % of shares % of total
shares voted voted issued
shares
74.60% 99.98% 0.02% 0.14%
5. Placing of 633 145 336 575 838 178 57 307 158 486 331
the authorised % of total % of shares % of shares % of total
but unissued shares voted voted issued
ordinary share shares
capital under 74.69% 90.95% 9.05% 0.06%
the control of
the directors
6. Approval of 631 652 896 617 586 105 14 066 791 1 978 771
the Absa Group % of total % of shares % of shares % of total
Limited Share shares voted voted issued
Incentive Plan shares
Rules 74.51% 97.77% 2.23% 0.23%
Non-binding Total shares Shares Shares Shares
advisory votes voted (for or voted for: voted abstained:
against): against:
1. The 629 883 422 560 324 439 69 558 983 3 748 245
Company’s % of total % of shares % of shares % of total
remuneration issued shares voted voted issued
policy shares
74.30% 88.96% 11.04% 0.44%
2. The 617 936 067 423 724 212 194 211 855 15 695 600
Company’s % of total % of shares % of shares % of total
remuneration issued shares voted voted issued
implementation shares
report 72.89% 68.57% 31.43% 1.85%
Special Total shares Shares Shares Shares
resolutions voted (for or voted for: voted abstained:
against): against:
1. Remuneration 629 877 031 613 774 955 16 102 076 3 754 636
of non- % of total % of shares % of shares % of total
executive issued shares voted voted issued
directors shares
74.30% 97.44% 2.56% 0.44%
2. General 633 123 205 626 529 551 6 593 654 508 462
authority to % of total % of shares % of shares % of total
repurchase the issued shares voted voted issued
Company’s shares
ordinary shares 74.68% 98.96% 1.04% 0.06%
3. Financial 632 918 038 613 017 465 19 900 573 713 629
assistance to a % of total % of shares % of shares % of total
related or issued shares voted voted issued
inter–related shares
company 74.66% 96.86% 3.14% 0.08%
As a result of there being more than 25% of the votes exercised
against the non-binding advisory vote number 2, shareholders will be
invited to raise their concerns or recommendations on the remuneration
implementation report. Further details will be announced on SENS in
due course.
Johannesburg
4 June 2019
Enquiries:
Nadine Drutman – Group Company Secretary
Tel: (+2711) 350 5347
Email: Nadine.Drutman@absa.africa
Lead Independent Sponsor:
J.P. Morgan Equities South Africa Proprietary Limited
Joint Sponsor:
Absa Bank Limited - Corporate and Investment Bank
Date: 04/06/2019 03:42:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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