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Results of annual general meeting and appointment of Chairperson
Mustek Limited
(Incorporated in the Republic of South Africa)
(Registration number 1987/070161/06)
Share code: MST & ISIN: ZAE000012373
("Mustek" or "the Company")
RESULTS OF ANNUAL GENERAL MEETING ("AGM") AND APPOINTMENT OF CHAIRPERSON
The AGM of Mustek shareholders was held today, Thursday, 23 November 2023. All the special and ordinary
resolutions as set out in the notice of AGM to shareholders, dated 6 October 2023, were approved by the requisite
majority of shareholders.
Details of the results of voting at the annual general meeting are as follows:
• total number of Mustek shares that could have been voted at the AGM: 57 540 000
• total number of Mustek shares that were present/represented at the AGM: 35 971 606, representing 63%
of the total number of Mustek shares that could have been voted at the AGM.
The voting details with respect to the proposed resolutions were as follows:
For Against Abstained, in Shares voted
relation to total
shares in issue
Ordinary resolution number 1:
Confirmation of the appointment of
Isaac Mophatlane as director
Number of shares 33 098 636 2 853 970 19 000 35 952 606
Percentage 92,06% 7,94% 0,03% 62,48%
Ordinary resolution number 2: Re-elect
Pamella Marlowe as director
Number of shares 34 458 358 1 494 248 19 000 35 952 606
Percentage 95,84% 4,16% 0,03% 62,48%
Ordinary resolution number 3: Re-elect
Hein Engelbrecht as director
Number of shares 34 444 228 1 508 378 19 000 35 952 606
Percentage 95,80% 4,20% 0,03% 62,48%
Ordinary resolution number 4:
Confirmation of auditor's appointment
Number of shares 35 949 236 3 370 19 000 35 952 606
Percentage 99,99% 0,01% 0,03% 62,48%
Ordinary resolution number 5:
Appointment of Pamella Marlowe to
Audit and Risk Committee
Number of shares 35 946 136 6 470 19 000 35 952 606
Percentage 99.98% 0,02% 0,03% 62,48%
Ordinary resolution number 6:
Appointment of Ralph Patmore to Audit
and Risk Committee
Number of shares 31 630 460 4 322 146 19 000 35 952 606
Percentage 87,98% 12,02% 0,03% 62,48%
Ordinary resolution number 7:
Appointment of Shelley Thomas to
Audit and Risk Committee
Number of shares 35 948 543 2 600 19 000 35 952 606
Percentage 99,96% 0,01% 0,03% 62,48%
Ordinary resolution number 8: 8.1
Endorsement of remuneration policy
Number of shares 35 948 543 12 870 10 193 35 916 413
Percentage 99,96% 0,04% 0,02% 62,50%
Ordinary resolution number 8: 8.2
Endorsement of the implementation
report
Number of shares 27 290 354 8 662 059 19 193 35 952 456
Percentage 75,91% 24,09% 0,03% 62,48%
Ordinary resolution number 9: Placing
of shares under the directors' control
Number of shares 35 945 986 6 470 19 150 35 952 606
Percentage 99,98% 0,02% 0,03% 62,48%
Ordinary resolution number 10: General
authority to issue shares for cash
Number of shares 29 085 183 6 867 423 19 000 35 952 606
Percentage 80,90% 19,10% 0,03% 62,48%
Ordinary resolution number 11:
Authority to action
Number of shares 35 949 086 3 370 19 150 35 952 456
Percentage 99,99% 0,01% 0,03% 62,48%
Special resolution number 1:
Remuneration of non-executive
directors
Number of shares 35 945 943 15 470 10 193 35 961 413
Percentage 99,96% 0,04% 0,02% 62,50%
Special resolution number 2: Financial
assistance to related and inter-related
companies
Number of shares 34 464 678 1 487 778 19 150 35 952 456
Percentage 95,86% 4,14% 0,03% 62,48%
Special resolution number 3: General
authority to the company and its
subsidiaries to repurchase shares
Number of shares 35 856 104 96 352 19 150 35 952 456
Percentage 99,73% 0,27% 0,03% 62,48%
We refer to the SENS Announcement dated 24 May 2023 and confirm that Rev Vukile Mehana retired
as Chairperson of the Board with effect from after the Annual General Meeting.
The Board is pleased to announce that Mr Isaac Mophatlane was appointed as Chairperson of the Board
with immediate effect. Isaac will also be appointed to the Remuneration & Nomination Committee and
act as Chairperson when nomination matters are discussed.
Midrand
23 November 2023
Sponsor: Deloitte & Touche Sponsor Services Proprietary Limited
Date: 23-11-2023 05:45:00
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