ITALTILE LIMITED - Results of Annual General Meeting

Results of Annual General Meeting

Italtile Limited
Incorporated in the Republic of South Africa
(Registration number: 1955/000558/06)
Share code: ITE ISIN: ZAE000099123
(“Italtile” or “the Company”)


RESULTS OF ANNUAL GENERAL MEETING


Shareholders are advised that, at the annual general meeting of Italtile (“AGM”) held today, all the
resolutions as set out in the notice of AGM were passed by the requisite majority of shareholders save for
Ordinary Resolution No 8 – Adoption of the Italtile Retention Scheme, which was withdrawn prior to
commencement of the AGM.

The number of shares voted in person or by proxy was 1 254 601 417, representing 95% of the total issued
share capital of the same class of Italtile shares.

The resolutions proposed at the AGM, together with the percentage of shares carried for and against each
resolution, as well as the percentage of votes abstained, are set out below:

                                                                     % of votes     % of votes
                                                                carried for the    against the    % of shares
                                                                     resolution     resolution      abstained
 Resolution 
 Ordinary Resolution No 1: Re-election of directors
 1.1 Re-election of Mr G A M Ravazzotti                                  99.90%          0.10%          0.01%
 1.2 Re-election of Mrs S M du Toit                                      98.65%          1.35%          0.01%
 1.3 Re-election of Mr S G Pretorius                                     99.90%          0.10%          0.01%

 Ordinary Resolution No 2: Election of a director
 2.1 Election of Ms I Z Nyanga                                          100.00%          0.00%          0.01%

 Ordinary Resolution No 3: Appointment of external
 auditors                                                                98.95%          1.05%          0.01%

 Ordinary Resolution No 4: Election of Audit and Risk
 Committee
 4.1 Election of Ms S M du Toit                                          98.06%          1.94%          0.01%
 4.2 Election of Ms I Z Nyanga                                          100.00%          0.00%          0.01%
 4.3 Election of Mr S G Pretorius                                        99.90%          0.10%          0.01%
 
 Ordinary Resolution No 5: Non-binding advisory
 endorsement of the Company’s remuneration policy and
 implementation report
 5.1 Endorsement of the Company’s remuneration policy                    94.54%          5.46%          0.01%
 5.2 Endorsement of the Company’s implementation report                  94.79%          5.21%          0.01%

 Ordinary Resolution No 6: Unissued shares to be placed
 under the control of the directors                                      85.61%         14.39%          0.01%

 Ordinary Resolution No 7: General authority to issue
 shares, and to sell treasury shares, for cash                           87.28%         12.72%          0.01%

 Ordinary Resolution No 8: Adoption of the Italtile
 Retention Scheme                                                           n/a            n/a            n/a

 Special Resolution No 1: Acquisition of own securities                  98.45%          1.55%          0.01%

 Special Resolution No 2: Financial assistance to related
 and inter-related entities                                              97.61%          2.39%          0.01%

 Special Resolution No 3: Approval of non-executive
 directors’ remuneration                                                 98.32%          1.68%          0.01%

 Ordinary Resolution No 9: Authority to sign
 documentation                                                          100.00%          0.00%          0.01%


Johannesburg
14 November 2019

Sponsor
Merchantec Capital

Date: 14/11/2019 05:00:00
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