OCEANA GROUP LIMITED - Oceana Group: Results of the Annual General Meeting held on 6 February 2024

Oceana Group: Results of the Annual General Meeting held on 6 February 2024

    Oceana Group Limited
    Incorporated in the Republic of South Africa
    (Registration number 1939/001730/06)
    JSE / A2X Share Code: OCE
    NSX Share Code: OCG
    ISIN Number: ZAE000025284
    ("Oceana" or "the Company" or "the Group")


    OCEANA GROUP: RESULTS OF THE ANNUAL GENERAL MEETING HELD ON 6 FEBRUARY 2024

    Shareholders are advised that the Oceana Annual General Meeting ("AGM") was held on Tuesday, 6
    February 2024.

    The ordinary and special resolutions proposed at the meeting were unaltered from that reflected in the
    Notice of the AGM and were approved by the requisite majority of votes, with the exception of Ordinary
    Resolution Number 4 - General authority to issue ordinary shares for cash. The resolution was voted
    favourably at 69.65% but did not meet the required majority requirement of 75%.

    *The total issued ordinary share capital of the Company                          130,431,804

    Details of the voting statistics for each resolution are as follows:


                                            VOTES CAST DISCLOSED AS A
                                       PERCENTAGE OF THE TOTAL NUMBER OF
                                            SHARES VOTED AT THE AGM
                                                                                                    SHARES
                                                                                SHARES VOTED       ABSTAINED
                                                                               DISCLOSED AS A   DISCLOSED AS A
                                                                               PERCENTAGE OF    PERCENTAGE OF
                                                                 NUMBER OF        THE TOTAL        THE TOTAL
RESOLUTION                              FOR        AGAINST      SHARES VOTED   ISSUED SHARES*   ISSUED SHARES*
Ordinary Resolution Number 1.1:        79.59%       20.41%       113,957,058       87.37%            0.00%
Re-election of Peter de Beyer as a
non-executive director

Ordinary Resolution Number 1.2:        99.89%       0.11%        113,957,058      87.37%            0.00%
Re-election of Lesego Sennelo as a
non-executive director

Ordinary Resolution Number 1.3:        98.01%       1.99%        113,957,058      87.37%            0.00%
Re-election of Thoko Mokgosi-
Mwantembe as a non-executive
director

Ordinary Resolution Number 2:          100.00%      0.00%        113,957,058      87.37%            0.00%
Appointment of Mazars as the
external auditor

Ordinary Resolution Number 3.1         99.99%       0.01%        113,957,058      87.37%            0.00%
Election of Peter Golesworthy as a
member of the Audit Committee

Ordinary Resolution Number 3.2         77.39%      22.61%        113,957,058      87.37%            0.00%
Election of Peter de Beyer as a
member of the Audit Committee

Ordinary Resolution Number 3.3:        99.95%       0.05%        113,957,058      87.37%            0.00%
Re-election of Lesego Sennelo as a
member of the Audit Committee

Ordinary Resolution Number 3.4:        99.94%    0.06%     113,957,058   87.37%   0.00%
Re-election of Aboubakar (Bakar)
Jakoet as a member of the Audit
Committee

Ordinary Resolution Number 4:          69.65%    30.35%    113,957,058   87.37%   0.00%
General authority to issue ordinary
shares for cash

Ordinary Resolution Number 5:          100.00%   0.00%     113,957,058   87.37%   0.00%
Authorisation of the directors and
Group Company Secretary

Special Resolution Number 1:           93.81%    6.19%     113,957,058   87.37%   0.00%
Approve and authorise the provision
of financial assistance by the
Company to related or inter-related
companies and others

Special Resolution Number 2:           99.81%    0.19%     113,957,058   87.37%   0.00%
Approve the non-executive directors'
remuneration (in respect of services
rendered to the Board and its
Committees)

Special Resolution Number 3:           99.89%    0.11%     113,957,058   87.37%   0.00%
General authority to acquire the
Company's shares

Non-binding advisory vote 1:           89.24%    10.76%    113,957,058   87.37%   0.00%
Approval of Remuneration Policy

Non-binding advisory vote 2:           95.78%    4.22%     113,957,058   87.37%   0.00%
Approval of Implementation Report




    For and on behalf of the Board
    6 February 2024
    Cape Town

    Sponsor – Primary Listing
    The Standard Bank of South Africa Limited

    Namibian Sponsor – Secondary Listing
    Old Mutual Investment Services (Namibia) Proprietary Limited

Date: 06-02-2024 05:45:00
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