Wrap Text
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
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.