SYGNIA LIMITED - Results of Annual General meeting

Results of Annual General meeting

SYGNIA LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2007/025416/06)
Share code on the JSE and A2X: SYG
ISIN: ZAE000208815
(“Sygnia” or the “Company”)


RESULTS OF ANNUAL GENERAL MEETING
Sygnia shareholders are advised that all the ordinary and special resolutions proposed in the Notice
of the Annual General Meeting (“AGM”) dated 03 December 2019 and tabled at the Company’s AGM
held on Thursday, 30 January 2020, were passed by the requisite majority of votes cast by
shareholders.

The voting results are set out below:


Resolution                                Number of    Percentage          For**      Against**   Abstained***
                                        shares voted     of shares
                                                            voted*




                                         116 240 671       76.19%          100%          0.00%          0.03%
Ordinary Resolution 1:
Appointment of auditor

                                         116 239 677       76.19%        99.99%          0.01%          0.03%
Ordinary Resolution 2: 1
Re-election of non-executive
director – Mr IK Moyane
                                         116 239 677       76.19%        99.21%          0.79%          0.03%
Ordinary Resolution 2: 2
Re-election of non-executive
director – Mr MH Jonas
                                         116 240 671       76.19%        99.99%          0.01%          0.03%
Ordinary Resolution 3: 1
Election of non-executive director
appointed during financial year – Ms
R Sithubi
                                         116 240 671       76.19%          100%          0.00%          0.03%
Ordinary Resolution 3: 2
Election of non-executive director
appointed during financial year – Mr
G Cavaleros
                                         116 240 671       76.19%          100%          0.00%          0.03%
Ordinary Resolution 4.1:
Election of audit committee member
– Mr G Cavaleros
                                         116 239 677       76.19%        99.99%          0.01%          0.03%
Ordinary Resolution 4.2:
Election of audit committee member –
Mr IK Moyane

                                         116 240 671       76.19%        99.99%          0.01%          0.03%
Ordinary Resolution 4.3:
Election of audit committee member –
Ms R Sithubi
Ordinary Resolution 5: Authority to         116 240 671     76.19%         95.16%           4.83%          0.03%
issue ordinary shares for cash

Ordinary Resolution 6: Control of           116 240 671     76.19%         95.94%           4.06%          0.03%
authorised but unissued shares

Ordinary Resolution 7: Non-binding          116 057 281     76.07%         98.27%           1.73%          0.15%
advisory vote on the Sygnia
remuneration policy

Ordinary Resolution 8: Non-binding          116 057 281     76.07%         98.27%           1.73%          0.15%
advisory vote on the Sygnia
implementation report

Ordinary Resolution 9:                      116 239 677     76.19%           100%           0.00%          0.03%
Authority to directors and company
secretary to implement special and
ordinary resolutions

Special Resolution 1: Approval of           116 051 247     76.07%         98.27%           1.73%          0.15%
remuneration of non-executive directors

Special Resolution 2: Authority to          116 240 671     76.19%         99.99%           0.01%          0.03%
repurchase shares

Special Resolution 3: Financial             116 240 671     76.19%           100%           0.00%          0.03%
assistance to subsidiaries and related or
inter-related companies

Special Resolution 4: Financial             116 058 275     76.07%         99.22%           0.78%          0.15%
assistance for subscription or purchase
of securities


* Based on 152 567 843 shares in issue as at the date of the AGM.
** Based on the total number of shares present / represented by proxies at the AGM.
*** As a percentage of 152 567 843 shares in issue as at the date of the AGM.

Shareholders are advised further that, as at the date of the AGM and in terms of the authority granted
to the Company by shareholders at the annual general meeting on 16 January 2019 (“2019 AGM”), the
Company has repurchased 4,598,275 of its own shares, constituting 2.97% of the issued share capital
of the Company as at the date of the 2019 AGM. These shares were cumulatively repurchased from
shareholders through the central order book of the JSE in a series of unrelated transactions and without
any prior understanding or arrangement between the Company and such shareholders. Shareholders
are advised that the Company intends to continue repurchasing its own shares in terms of the authority
granted to it in terms of Special Resolution 2 above, on such terms and conditions as the Company’s
board of directors may determine from time to time.



Cape Town
31 January 2020

Sponsor:
The Standard Bank of South Africa Limited

Date: 31-01-2020 02:19:00
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