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Results Of The Annual General Meeting
KAP INDUSTRIAL HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1978/000181/06)
Share code: KAP
ISIN: ZAE000171963
(“KAP” or “the Company”)
RESULTS OF THE ANNUAL GENERAL MEETING
Shareholders are hereby advised that at the annual general meeting of the Company held at
14:00 today, Thursday, 18 November 2021 at the Protea Hotel, Techno Avenue, Technopark
in Stellenbosch (“AGM”), all of the resolutions were passed by the requisite majorities of the
Company’s shareholders.
Details of the results of the voting at the AGM are as follows:
Votes in Votes
favour of against
resolution resolution
as a as a Number of Number of
percentage percentage shares shares
of total of total voted at abstained
number of number of AGM as a as a
Resolutions shares shares Number of percentage percentage
proposed at the voted at voted at shares voted of shares in of shares in
AGM AGM AGM at AGM issue* issue*
Ordinary resolution 87,25% 12,75%` 2 248 823 631 88,84% 0,09%
number 1:
Appointment of
independent
external audit firm
and individual
auditor
Ordinary resolution 100% 0% 2 248 823 131 88,84% 0,09%
number 2:
Confirmation of the
appointment of Mrs
TC Esau-Isaacs as
a director with
effect from 30 June
2021
Ordinary resolution
number 3:
Re-election of
directors who retire
by rotation and
appointment of
executive director:
3.1 95,51% 4,49% 2 248 823 631 88,84% 0,09%
Mr KJ Grové
3.2 99,81% 0,19% 2 248 823 631 88,84% 0,09%
Mr PK Quarmby
Ordinary resolution 99,98% 0,02% 2 247 186 904 88,78% 0,15%
number 4:
Election of Mr SP
Lunga as a new
executive director
Ordinary resolution
number 5:
Election of audit
and risk committee
members:
5.1 98,83% 1,17% 2 246 571 869 88,76% 0,18%
Mr KT Hopkins
5.2 98,80% 1,20% 2 248 823 631 88,84% 0,09%
Ms Z Fuphe
5.3 99,09% 0,91% 2 248 823 631 88,84% 0,09%
Mr SH Müller
5.4 98,84% 1,16% 2 248 823 631 88,84% 0,09%
Mrs TC Esau-
Isaacs
Ordinary resolution 63,41% 36,59% 2 247 186 404 88,78% 0,15%
number 6:
Placing of
preference shares
under the control of
the directors for
commercial
purposes
Ordinary resolution 99,05% 0,95% 2 248 813 631 88,84% 0,09%
number 7:
General authority to
distribute share
capital and
reserves
Ordinary resolution
number 8:
Non-binding
advisory votes to
endorse KAP’s:
8.1 91,96% 8,04% 2 247 178 574 88,78% 0,16%
Remuneration
policy
8.2 98,19% 1,81% 2 247 179 074 88,78% 0,16%
Implementation
report of the
remuneration policy
Ordinary resolution 96,31% 3,69% 2 247 196 404 88,78% 0,15%
number 9:
Ratification of
transactions
relating to personal
financial interests
arising from the
executive directors’
multiple intergroup
directorships
Special resolution 100% 0% 2 248 850 131 88,85% 0,09%
number 1:
General authority to
repurchase shares
issued by the
company and its
subsidiaries
Special resolution
number 2:
Approval of fees
payable to non-
executive directors:
2.1 99,88% 0,12% 2 247 179 874 88,78% 0,16%
Independent non-
executive
chairperson
2.2 98,59% 1,41% 2 247 179 874 88,78% 0,16%
Lead independent
non-executive
director
2.3 99,90% 0,10% 2 247 179 874 88,78% 0,16%
Board member
2.4 99,85% 0,15% 2 247 180 374 88,78% 0,16%
Additional
unscheduled formal
meetings (fee per
formal meeting)
2.5 98,69% 1,31% 2 247 180 374 88,78% 0,16%
Audit and risk
committee
chairperson
2.6 98,69% 1,31% 2 247 180 374 88,78% 0,16%
Audit and risk
committee member
2.7 100% 0% 2 247 180 374 88,78% 0,16%
Human capital and
remuneration
committee
chairperson
2.8 100% 0% 2 247 180 374 88,78% 0,16%
Human capital and
remuneration
committee member
2.9 98,53% 1,47% 2 247 311 074 88,78% 0,15%
Social and ethics
committee
chairperson
2.10 99,99% 0,01% 2 247 311 074 88,78% 0,15%
Social and ethics
committee member
2.11 100% 0% 2 247 179 874 88,78% 0,16%
Nomination
committee
chairperson (fee
per formal meeting)
2.12 100% 0% 2 247 179 874 88,78% 0,16%
Nomination
committee member
(fee per formal
meeting)
2.13 99,96% 0,04% 2 247 179 874 88,78% 0,16%
Investment
committee
chairperson (fee
per formal meeting)
2.14 99,96% 0,04% 2 247 179 874 88,78% 0,16%
Investment
committee member
(fee per formal
meeting)
2.15 76,36% 23,64% 2 247 180 374 88,78% 0,16%
Approved informal
meetings
Special resolution 94,03% 5,97% 2 247 196 204 88,78% 0,15%
number 3:
General authority to
provide financial
assistance
Note:
*Total number of shares in issue as at 12 November 2021, the record date to be eligible to
vote at the AGM, was 2 531 201 473.
Stellenbosch
18 November 2021
Sponsor
PSG Capital
Date: 18-11-2021 05:50:00
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