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INVICTA HOLDINGS LIMITED - Results Of Annual General Meeting

Release Date: 18/09/2020 12:00
Code(s): IVT IVTP     PDF:  
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Results Of Annual General Meeting

Invicta Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number 1966/002182/06)
Ordinary Share code: IVT ISIN: ZAE000029773
Preference Share code: IVTP ISIN: ZAE000173399
(“Invicta” or “the Company”)

RESULTS OF ANNUAL GENERAL MEETING

The annual general meeting of Invicta shareholders was held on Thursday, 17 September 2020. All the
ordinary and special resolutions as set out in the notice of annual general meeting to shareholders dated
31 July 2020 and as further detailed below, were approved by the requisite majority of shareholders.

The voting results with respect to the proposed resolutions as required in terms of section 3.91 of the
JSE Listings Requirements, are as follows:

Total number of ordinary shares entitled to vote was 106 952 915 (issued share capital excluding
treasury shares). The total number of ordinary shares that were present/represented at the annual
general meeting was 89 564 603, being 84% of total number of Invicta ordinary shares that could have
been voted at the annual general meeting.

                                                For         Against        Abstained, in     Shares voted
                                                                         relation to total
                                                                          shares in issue
 Ordinary Resolution 1
 Confirmation of appointment of Steven
 Joffe
 Number of shares                             89 147 702      321 189               95 712     89 468 891
 Percentage                                       99.64%        0.36%                0.09%         82.46%

 Ordinary Resolution 2
 Confirmation of appointment of Mpho
 Makwana
 Number of shares                             89 463 920       4 971                95 712     89 468 891
 Percentage                                       99.99%       0.01%                 0.09%         82.46%

 Ordinary Resolution 3
 Confirmation of appointment of Frank
 Davidson
 Number of shares                             89 465 070       3 821                95 712     89 468 891
 Percentage                                        100%        0.00%                 0.09%         82.46%

 Ordinary Resolution 4
 Confirmation of appointment of Iaan van
 Heerden
 Number of shares                             86 836 456    2 632 435               95 712     89 468 891
 Percentage                                       97.06%        2.94%                0.09%         82.46%

 Ordinary Resolution 5
 Re-election of Rashid Wally
 Number of shares                             89 463 340       5 551                95 712     89 468 891
 Percentage                                       99.99%       0.01%                 0.09%         82.46%
Ordinary Resolution 6
Re-election of Dr Christo Wiese
Number of shares                             84 032 024    5 436 867    95 712   89 468 891
Percentage                                       93.92%        6.08%     0.09%       82.46%

Ordinary Resolution 7
Re-election of Adv. Jacob Wiese
Number of shares                             86 741 726    2 727 165    95 712   89 468 891
Percentage                                       96.95%        3.05%     0.09%       82.46%

Ordinary Resolution 8
Election of Rashid Wally to Audit
Committee
Number of shares                             89 370 356      98 535     95 712   89 468 891
Percentage                                       99.89%       0.11%      0.09%       82.46%

Ordinary Resolution 9
Election of Frank Davidson to Audit
Committee
Number of shares                             89 464 340       4 551     95 712   89 468 891
Percentage                                       99.99%       0.01%      0.09%       82.46%

Ordinary Resolution 10
Election of Mpho Makwana to Audit
Committee
Number of shares                             89 371 086      97 805     95 712   89 468 891
Percentage                                       99.89%       0.11%      0.09%       82.46%

Ordinary Resolution 11
Re-appointment of Ernst & Young Inc. as
auditors
Number of shares                             89 144 702     324 189     95 712   89 468 891
Percentage                                       99.64%       0.36%      0.09%       82.46%

Ordinary Resolution 12
Placing unissued shares under the control
of directors
Number of shares                             66 233 774   23 235 117    95 712   89 468 891
Percentage                                       74.03%       25.97%     0.09%       82.46%

Ordinary Resolution 13
General authority to issue shares for cash
– limited to 5%
Number of shares                             68 394 005   21 074 886    95 712   89 468 891
Percentage                                       76.44%       23.56%     0.09%       82.46%

Ordinary Resolution 14
Endorsement of Remuneration Policy
Number of shares                             68 892 305   20 570 002   102 296   89 462 307
Percentage                                       77.01%       22.99%     0.09%       82.46%

Ordinary Resolution 15
Endorsement of Remuneration
Implementation Report
Number of shares                           77 627 318   11 834 989   102 296   89 462 307
Percentage                                     86.77%       13.23%     0.09%       82.46%

Special Resolution 1.1
Approval of annual retainer for chair of
Invicta Board – R675 000
Number of shares                           86 843 852    2 618 311   102 440   89 462 163
Percentage                                     97.07%        2.93%     0.09%       82.46%

Special Resolution 1.2
Approval of annual retainer for chair of
the Audit Committee – R225 000
Number of shares                           89 456 776       5 387    102 440   89 462 163
Percentage                                     99.99%       0.01%      0.09%       82.46%

Special Resolution 1.3
Approval of annual retainer for chair of
Remuneration Committee – R75 000
Number of shares                           89 456 776       5 387    102 440   89 462 163
Percentage                                     99.99%       0.01%      0.09%       82.46%

Special Resolution 1.4
Approval of annual retainer for chair of
Investment Committee – R75 000
Number of shares                           89 456 776       5 387    102 440   89 462 163
Percentage                                     99.99%       0.01%      0.09%       82.46%

Special Resolution 1.5
Approval of annual retainer for chair of
Social and Ethics Committee – R60 000
Number of shares                           89 454 776       7 387    102 440   89 462 163
Percentage                                     99.99%       0.01%      0.09%       82.46%

Special Resolution 1.6
Approval of annual retainer for members
of the Social and Ethics Committee – R23
636
Number of shares                           89 454 776       7 387    102 440   89 462 163
Percentage                                     99.99%       0.01%      0.09%       82.46%

Special Resolution 1.7
Approval of fee per routine meeting for
Invicta Board members – R28 523
Number of shares                           89 454 776       7 387    102 440   89 462 163
Percentage                                     99.99%       0.01%      0.09%       82.46%

Special Resolution 1.8
Approval of fee per routine meeting for
Audit Committee members – R25 605
Number of shares                           89 456 776       5 387    102 440   89 462 163
Percentage                                     99.99%       0.01%      0.09%       82.46%
Special Resolution 1.9
Approval of fee per routine meeting for
Remuneration Committee members –
R18 750
Number of shares                          89 454 776   7 387   102 440   89 462 163
Percentage                                    99.99%   0.01%     0.09%       82.46%

Special Resolution 1.10
Approval of fee per routine meeting for
Investment Committee members – R18
750
Number of shares                          89 456 776   5 387   102 440   89 462 163
Percentage                                    99.99%   0.01%     0.09%       82.46%

Special Resolution 1.11
Approval of fee per routine meeting for
Invicta South Africa Holdings (Pty) Ltd
Board members
Number of shares                          89 454 776   7 531   102 296   89 462 307
Percentage                                    99.99%   0.01%     0.09%       82.46%

Special Resolution 1.12
Approval of per hour ad hoc meeting fee
for Invicta Board members – R2 380
Number of shares                          89 456 776   5 531   102 296   89 462 307
Percentage                                    99.99%   0.01%     0.09%       82.46%

Special Resolution 1.13
Approval of per hour ad hoc meeting fee
for Audit Committee members – R2 135
Number of shares                          89 454 926   7 381   102 296   89 462 307
Percentage                                    99.99%   0.01%     0.09%       82.46%

Special Resolution 1.14
Approval of per hour ad hoc meeting fee
for Remuneration Committee members –
R1 562
Number of shares                          89 456 776   5 531   102 296   89 462 307
Percentage                                    99.99%   0.01%     0.09%       82.46%

Special Resolution 1.15
Approval of per hour ad hoc meeting fee
for Investment Committee members – R1
562
Number of shares                          89 454 920   7 387   102 296   89 462 307
Percentage                                    99.99%   0.01%     0.09%       82.46%

Special Resolution 1.16
Approval of per hour ad hoc meeting fee
for Social and Ethics Committee members
– R1 970
Number of shares                          89 461 776   7 531    95 296   89 469 307
 Percentage                                       99.99%        0.01%     0.09%       82.46%

 Special Resolution 1.17
 Approval of per hour ad hoc meeting fee
 for Invicta South Africa Holdings (Pty) Ltd
 Board members
 Number of shares                              89 454 776       7 531    102 296   89 462 307
 Percentage                                        99.99%       0.01%      0.09%       82.46%

 Special Resolution 2
 General authority to repurchase ordinary
 shares
 Number of shares                              89 243 747     225 000     95 856   89 468 747
 Percentage                                        99.75%       0.25%      0.09%       82.46%

 Special Resolution 3
 General authority to repurchase
 preference shares
 Number of shares                              78 527 056   10 941 691    95 856   89 468 747
 Percentage                                        87.77%       12.23%     0.09%       82.46%

 Special Resolution 4
 Approval for the provision of financial
 assistance for the subscription of shares
 Number of shares                              89 411 772      56 975     95 856   89 468 747
 Percentage                                        99.94%       0.06%      0.09%       82.46%

 Special Resolution 5
 Approval for the provision of financial
 assistance to a related or inter-related
 company
 Number of shares                              78 524 495   10 943 522    96 586   89 468 017
 Percentage                                        87.77%       12.23%     0.09%       82.46%

Johannesburg
18 September 2020

Lize Dubery
Company Secretary

Sponsor: Deloitte & Touche Sponsor Services (Pty) Ltd

Date: 18-09-2020 12:00:00
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