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Report on proceedings at the Annual General Meeting
Pick n Pay Stores Limited
Incorporated in the Republic of South Africa
Registration number: 1968/008034/06
Share Code: PIK
ISIN code: ZAE000005443
(“Pick n Pay”)
REPORT ON PROCEEDINGS AT THE ANNUAL GENERAL MEETING
Shareholders are advised that the Annual General Meeting (AGM) of Pick n Pay Stores Limited was held on 26 July 2022. All resolutions
and advisory votes passed by the requisite majority.
The following information is provided:
Total issued number of ordinary shares: 493 450 321
Treasury shares not voted: 6 408 192
Number of ordinary shares that could have been voted at the meeting: 487 042 129
Number of B ordinary shares that could have been voted at the meeting: 259 682 869
Total number of shares that could have been exercised at the meeting: 746 724 998
Total number of shares present/represented including proxies at the meeting: 696 606 731
Number of ordinary shares represented at the meeting: 436 923 862
Number of B shares represented at the meeting: 259 682 869
Percentage of ordinary shares represented at the meeting (% issued shares): 89.7%
Percentage of B shares represented at the meeting: 100.0%
Abbreviations: ordinary shares (Ord)
B ordinary shares (B Ord)
Details of the results of voting at the AGM are as follows:
Resolutions Shares voted Votes disclosed as a Number of shares Shares voted Shares
disclosed as a percentage in relation to voted disclosed as a abstained
percentage of the the Ord and B Ord shares percentage in disclosed as
total number of voted at the meeting relation to the a percentage
shares (Ord and B relative in relation to
Ord) voted at the issued share the relative
meeting capital issued share
(see above for capital
details of
share capital)
FOR AGAINST FOR AGAINST
Ordinary resolution 100.00% 0.00% 100.00% Ord 0.00% Ord 436 894 416 Ord 88.54% Ord 0.00% Ord
number 1:
Appointment of 100.00% B Ord 0.00% B Ord 259 682 869 B Ord 100.00% B Ord 0.00% B Ord
external auditors
Ordinary resolution 99.65% 0.35% 99.44% Ord 0.56% Ord 436 894 336 Ord 88.54% Ord 0.00% Ord
number 2.1:
Director retirement 100.00% B Ord 0.00% B Ord 259 682 869 B Ord 100.00% B Ord 0.00% B Ord
and re-election –
David Friedland
Ordinary resolution 93.27% 6.73% 89.28% Ord 10.72% Ord 436 895 336 Ord 88.54% Ord 0.00% Ord
number 2.2:
Director retirement 100.00% B Ord 0.00% B Ord 259 682 869 B Ord 100.00% B Ord 0.00% B Ord
and re-election –
Aboubakar Jakoet
Ordinary resolution 99.82% 0.18% 99.72% Ord 0.28% Ord 436 895 336 Ord 88.54% Ord 0.00% Ord
number 2.3:
Director retirement 100.00% B Ord 0.00% B Ord 259 682 869 B Ord 100.00% B Ord 0.00% B Ord
and re-election –
Annamarie van der
Merwe
Ordinary resolution 90.73% 9.27% 85.22% Ord 14.78% Ord 436 895 336 Ord 88.54% Ord 0.00% Ord
number 2.4:
Director retirement 100.00% B Ord 0.00% B Ord 259 682 869 B Ord 100.00% B Ord 0.00% B Ord
and re-election –
Jeff van Rooyen
Ordinary resolution 97.43% 2.57% 95.90% Ord 4.10% Ord 436 894 336 Ord 88.54% Ord 0.00% Ord
number 2.5:
Director election – 100.00% B Ord 0.00% B Ord 259 682 869 B Ord 100.00% B Ord 0.00% B Ord
Suzanne Ackerman-
Berman
Ordinary resolution 90.83% 9.17% 85.38% Ord 14.62% Ord 436 895 416 Ord 88.54% Ord 0.00% Ord
number 3.1:
Appointment of 100.00% B Ord 0.00% B Ord 259 682 869 B Ord 100.00% B Ord 0.00% B Ord
Aboubakar Jakoet
to the audit, risk
and compliance
committee
Ordinary resolution 90.24% 9.76% 84.33% Ord 15.67% Ord 428 991 196 Ord 86.94% Ord 1.60% Ord
number 3.2:
Re-appointment of 100.00% B Ord 0.00% B Ord 259 682 869 B Ord 100.00% B Ord 0.00% B Ord
Jeff van Rooyen to
the audit, risk and
compliance
committee
Ordinary resolution 97.39% 2.61% 95.84% Ord 4.16% Ord 436 895 416 Ord 88.54% Ord 0.00% Ord
number 3.3:
Re-appointment of 100.00% B Ord 0.00% B Ord 259 682 869 B Ord 100.00% B Ord 0.00% B Ord
Audrey Mothupi to
the audit, risk and
compliance
committee
Ordinary resolution 98.79% 1.21% 98.07% Ord 1.93% Ord 436 894 412 Ord 88.54% Ord 0.00% Ord
number 3.4:
Re-appointment of 100.00% B Ord 0.00% B Ord 259 682 869 B Ord 100.00% B Ord 0.00% B Ord
David Friedland to
the audit, risk and
compliance
committee
Ordinary resolution 99.99% 0.01% 99.99% Ord 0.01% Ord 436 895 412 Ord 88.54% Ord 0.00% Ord
number 3.5:
Appointment of 100.00% B Ord 0.00% B Ord 259 682 869 B Ord 100.00% B Ord 0.00% B Ord
Mariam Cassim to
the audit, risk and
compliance
committee
Ordinary resolution 99.82% 0.18% 99.72% Ord 0.28% Ord 436 895 412 Ord 88.54% Ord 0.00% Ord
number 3.6:
Appointment of 100.00% B Ord 0.00% B Ord 259 682 869 B Ord 100.00% B Ord 0.00% B Ord
Haroon Bhorat to
the audit, risk and
compliance
committee
Advisory vote 75.85% 24.15% 61.41% Ord 38.59% Ord 434 023 882 Ord 87.96% Ord 0.58% Ord
number 1:
Endorsement of the 100.00% B Ord 0.00% B Ord 259 682 869 B Ord 100.00% B Ord 0.00% B Ord
remuneration policy
for the 2022 annual
financial period
Advisory vote 78.09% 21.91% 65.06% Ord 34.94% Ord 436 892 759 Ord 88.54% Ord 0.00% Ord
number 2:
Endorsement of 100.00% B Ord 0.00% B Ord 259 682 869 B Ord 100.00% B Ord 0.00% B Ord
remuneration
implementation for
the 2022 annual
financial period
Special resolution 82.03% 17.97% 71.35% Ord 28.65% Ord 436 878 681 Ord 88.54% Ord 0.01% Ord
number 1:
Directors’ fees for 100.00% B Ord 0.00% B Ord 259 682 869 B Ord 100.00% B Ord 0.00% B Ord
the 2023 and 2024
annual financial
periods
Special resolution 99.58% 0.42% 99.33% Ord 0.67% Ord 436 492 369 Ord 88.46% Ord 0.08% Ord
number 2.1:
Financial assistance 100.00% B Ord 0.00% B Ord 259 682 869 B Ord 100.00% B Ord 0.00% B Ord
to related or inter-
related companies
Special resolution 87.81% 12.19% 80.57% Ord 19.43% Ord 436 893 838Ord 88.54% Ord 0.00% Ord
number 2.2:
Financial assistance 100.00% B Ord 0.00% B Ord 259 682 869 B Ord 100.00% B Ord 0.00% B Ord
to persons
Special resolution 100.00% 0.00% 100.00% Ord 0.00% Ord 436 890 550 Ord 88.54% Ord 0.00% Ord
number 3:
Replacement of the 100.00% B Ord 0.00% B Ord 259 682 869 B Ord 100.00% B Ord 0.00% B Ord
Company’s
Memorandum of
Incorporation
Special resolution 98.34% 1.66% 97.36% Ord 2.64% Ord 436 884 369 Ord 88.54% Ord 0.01% Ord
number 4:
General approval to 100.00% B Ord 0.00% B Ord 259 682 869 B Ord 100.00% B Ord 0.00% B Ord
repurchase
Company shares
Ordinary resolution 100.00% 0.00% 100.00% Ord 0.00% Ord 436 894 335 Ord 88.54% Ord 0.00% Ord
number 4:
Directors’ authority 100.00% B Ord 0.00% B Ord 259 682 869 B Ord 100.00% B Ord 0.00% B Ord
to implement
special and ordinary
resolutions
By order of the Board
Cape Town
26 July 2022
Sponsor: Investec Bank Limited
Date: 26-07-2022 02:41:00
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