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ABSA GROUP LIMITED - Results of the 2020 Annual General Meeting

Release Date: 04/06/2020 16:11
Code(s): ABG     PDF:  
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Results of the 2020 Annual General Meeting

ABSA 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 2020 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 Thursday, 4 June 2020, the resolutions set out in the notice of AGM, sent to
shareholders together with the integrated report for the year ended 31 December 2019, were passed by the
requisite majority of votes. A total of 626,280,813 shares were present or represented at the meeting,
representing 73.88% of the Company’s total issued ordinary share capital.

 Ordinary resolutions      Total shares voted     Shares voted         Shares voted         Shares
                           (for or against):      for:                 against:             abstained:
 1. Re-appointment of the Company’s external auditor
 1.1 Ernst & Young Inc.    625,502,842            549,109,993          76,392,849           768,865
                           % of total issued      % of shares voted    % of shares voted    % of total issued
                           shares                                                           shares
                           73.78%                 87.79%               12.21%               0.09%

 2. Re-election of retiring directors
 2.1 Mark Merson               625,501,424         579,167,088         46,334,336           770,283
                             % of total issued     % of shares voted   % of shares voted    % of total issued
                             shares                                                         shares
                             73.78%                92.59%              7.41%                0.09%

 2.2 Wendy Lucas-Bull        625,501,329           621,479,211         4,022,118            770,378
                             % of total issued     % of shares voted   % of shares voted    % of total issued
                             shares                                                         shares
                             73.78%                99.36%              0.64%                0.09%

 2.3 Colin Beggs             625,501,424           561,731,099         63,770,325           770,283
                             % of total issued     % of shares voted   % of shares voted    % of total issued
                             shares                                                         shares
                             73.78%                89.80%              10.20%               0.09%

 2.4 Daniel Hodge            625,501,424           579,872,109         45,629,315           770,283
                             % of total issued     % of shares voted   % of shares voted    % of total issued
                             shares                                                         shares
                             73.78%                92.71%              7.29%                0.09%

 2.5 Jason Quinn             625,501,355           622,945,608         2,555,747            770,352
                             % of total issued     % of shares voted   % of shares voted    % of total issued
                             shares                                                         shares
                             73.78%                99.59%              0.41%                0.09%
3. Election of new director appointed after the last AGM
3.1 Ihron Rensburg          625,501,423               624,542,287       959,136             770,284
                           % of total issued        % of shares voted   % of shares voted   % of total issued
                           shares                                                           shares
                           73.78%                   99.85%              0.15%               0.09%

3.2 Rose Keanly            625,501,423              625,334,030         167,393             770,284
                           % of total issued        % of shares voted   % of shares voted   % of total issued
                           shares                                                           shares
                           73.78%                   99.97%              0.03%               0.09%

3.3 Swithin Munyantwali    625,500,123              624,545,885         954,238             771,584
                           % of total issued        % of shares voted   % of shares voted   % of total issued
                           shares                                                           shares
                           73.78%                   99.85%              0.15%               0.09%

3.4 Daniel Mminele         625,500,853              625,307,254         193,599             770,854
                           % of total issued        % of shares voted   % of shares voted   % of total issued
                           shares                                                           shares
                           73.78%                   99.97%              0.03%               0.09%

4. Re-appointment/appointment of the Group Audit and Compliance Committee members
4.1 Alex Darko           625,499,923             571,376,587       54,123,336               771,784
                           % of total issued        % of shares voted   % of shares voted   % of total issued
                           shares                                                           shares
                           73.78%                   91.35%              8.65%               0.09%

4.2 Daisy Naidoo           625,500,160              518,038,915         107,461,245         771,547
                           % of total issued        % of shares voted   % of shares voted   % of total issued
                           shares                                                           shares
                           73.78%                   82.82%              17.18%              0.09%

4.3 Tasneem Abdool-        625,500,028              622,069,815         3,430,213           771,679
Samad                      % of total issued        % of shares voted   % of shares voted   % of total issued
                           shares                                                           shares
                           73.78%                   99.45%              0.55%               0.09%

4.4 Swithin Munyantwali    625,500,055              623,493,686         2,006,369           771,652
                           % of total issued        % of shares voted   % of shares voted   % of total issued
                           shares                                                           shares
                           73.78%                   99.68%              0.32%               0.09%

5. Placing of the          625,464,797              557,957,745         67,507,052          807,027
authorised but unissued    % of total issued        % of shares voted   % of shares voted   % of total issued
ordinary share capital     shares                                                           shares
under the control of the   73.78%                   89.21%              10.79%              0.10%
directors
 Non-binding advisory       Total shares voted   Shares voted        Shares voted         Shares
 votes                      (for or against):    for:                against:             abstained:
 1. The Company’s           625,454,227          545,497,609         79,956,618           817,480
 remuneration policy        % of total issued    % of shares voted   % of shares voted    % of total issued
                            shares                                                        shares
                            73.78%               87.22%              12.78%               0.10%

 2. The Company’s           625,453,535          519,074,073         106,379,462          818,172
 remuneration               % of total issued    % of shares voted   % of shares voted    % of total issued
 implementation report      shares                                                        shares
                            73.78%               82.99%              17.01%               0.10%

 3. An initial assessment   625,116,583          621,509,809         3,606,774            1,155,124
 of the Company’s           % of total issued    % of shares voted   % of shares voted    % of total issued
 exposure to climate        shares                                                        shares
 change risk                73.74%               99.42%              0.58%                0.14%

 Special resolutions        Total shares voted   Shares voted        Shares voted         Shares
                            (for or against):    for:                against:             abstained:
 1. Remuneration of non-    625,452,225          616,515,118         8,937,107            819,482
 executive directors        % of total issued    % of shares voted   % of shares voted    % of total issued
                            shares                                                        shares
                            73.78%               98.57%              1.43%                0.10%

 2. Increase the            625,498,393          566,669,159         58,829,234           773,314
 authorised ordinary        % of total issued    % of shares voted   % of shares voted    % of total issued
 share capital              shares                                                        shares
                            73.78%               90.59%              9.41%                0.09%

 3. General authority to    625,401,963          615,626,288         9,775,675            869,744
 repurchase the             % of total issued    % of shares voted   % of shares voted    % of total issued
 Company’s ordinary         shares                                                        shares
 shares                     73.77%               98.44%              1.56%                0.10%

 4. Financial assistance    625,452,927          605,955,419         19,497,508           818,780
 to a related or inter–     % of total issued    % of shares voted   % of shares voted    % of total issued
 related company            shares                                                        shares
                            73.78%               96.88%              3.12%                0.10%

Special resolution number 2 will be lodged with the Companies and Intellectual Property Commission (CIPC)
and the Registrar of Banks in due course.

Johannesburg
4 June 2020

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: 04-06-2020 04:11:00
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