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Results of the Annual General Meeting of Shareholders
Libstar Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number: 2014/032444/06)
JSE share code: LBR
ISIN: ZAE000250239
("Libstar" or the "Company")
RESULTS OF THE ANNUAL GENERAL MEETING OF SHAREHOLDERS
Libstar shareholders are advised that the Annual General Meeting of the Company was held at 10h00 on Friday, 30
May 2025.
As at Friday, 23 May 2025, being the Annual General Meeting Record Date, the total number of ordinary shares in
issue was 681 921 408, of which 13 059 362 are Treasury shares, excluded from voting. The total number of votable
shares was 668 862 046 ("Votable Shares").
The total number of shares which were represented in person or by proxy was 538 552 980, being 80.52% of the
Votable Shares of the Company.
The voting results were as follows:
1. Ordinary resolution number 1: Election of directors
Shares
Total Shares voted
abstained
Directors For (1) Against(1)
Number %(2) %(2)
(%) (%)
1 Mr Tertius Carstens 100% 0.00% 538 552 980 80.52% 0.00%
2. Ordinary resolution number 2: Re-election of Directors
Shares
Total Shares voted
abstained
Directors For (1) Against(1)
Number %(2) %(2)
(%) (%)
2.1 Ms Anneke Andrews 100% 0.00% 538 552 980 80.52% 0.00%
2.2 Mr JP Landman 99.88% 0.12% 538 552 980 80.52% 0.00%
3. Ordinary Resolution Number 3 – Appointment of Audit and Risk Committee Members
Shares
Total Shares voted
abstained
Directors For(1) Against(1)
Number %(2) %(2)
(%) (%)
3.1 Ms Anneke Andrews 100% 0.00% 538 552 980 80.52% 0.00%
3.2 Mr Sandeep Khanna 87.75% 12.25% 538 552 980 80.52% 0.00%
3.3 Ms Sibongile Masinga 100% 0.00% 538 552 980 80.52% 0.00%
4. Ordinary Resolution Number 4 – Appointment of Social, Ethics and Transformation Committee Members
Shares
Total Shares voted
abstained
Directors For(1) Against(1)
Number %(2) %(2)
(%) (%)
4.1 Ms Sibongile Masinga 100% 0.00% 538 552 980 80.52% 0.00%
4.2 Mr Tertius Carstens 100% 0.00% 538 552 980 80.52% 0.00%
4.3 Ms Terri Ladbrooke 100% 0.00% 538 552 980 80.52% 0.00%
5. Ordinary Resolution Number 5 – Appointment of Ernst & Young Inc. as independent external auditors for
the financial year ending 31 December 2025 and designated auditor being Ms Tina Rookledge
Shares
Total Shares voted
abstained
For (%)(1) Against (%)(1) Number %(2) %(2)
100% 0.00% 538 552 980 80.52% 0.00%
6. Ordinary Resolution Number 6 – General authority to issue shares for cash
Shares
Total Shares voted
abstained
For (%)(1) Against (%)(1) Number %(2) %(2)
72.82% 27.18 538 552 439 80.52% 0.00%
7. Ordinary Resolution Number 7.1 – Endorsement of the Remuneration Policy
Shares
Total Shares voted
abstained
For (%)(1) Against (%)(1) Number %(2) %(2)
91.32% 8.68% 538 552 439 80.52% 0.00%
8. Ordinary Resolution Number 7.2 – Endorsement of the Remuneration Implementation Report
Shares
Total Shares voted
abstained
For (%)(1) Against (%)(1) Number %(2) %(2)
87.66% 12.34% 538 552 439 80.52% 0.00%
9. Ordinary Resolution Number 8 – General authorisation
Shares
Total Shares voted
abstained
For (%)(1) Against (%)(1) Number %(2) %(2)
100% 0.00% 538 552 539 80.52% 0.00%
1. Special Resolution Number 1.1 - Approval of the remuneration of directors: Board of directors
Shares
Total Shares voted
abstained
For (%)(1) Against (%)(1) Number %(2) %(2)
100% 0.00% 538 552 439 80.52% 0.00%
2. Special Resolution Number 1.2 - Approval of the remuneration of directors: Board committees
Shares
Total Shares voted
abstained
For (%)(1) Against (%)(1) Number %(2) %(2)
100% 0.00% 538 552 439 80.52% 0.00%
3. Special Resolution Number 3 – General authority to repurchase shares
Shares
Total Shares voted
abstained
For (%)(1) Against (%)(1) Number %(2) %(2)
96.28% 3.72% 538 552 980 80.52% 0.00%
(1) Expressed as a percentage of the total number of shares voted at the Annual General Meeting.
(2) Expressed as a percentage of Votable Shares, being 668 862 046
CHANGES TO THE BOARD
Shareholders are referred to the SENS announcement published on 22 November 2024 wherein shareholders
were informed that Ms Wendy Luhabe, would step down as Chairman of Libstar following the AGM, and that Mr JP
Landman had been appointed as the new Chairman of the Board, effective following the AGM.
Management and the Board sincerely thank Wendy for her dedicated and inspiring service over the past seven
years. Her exceptional leadership and unwavering commitment have left a legacy of positive impact and progress
on the Group. Throughout her tenure, she has championed thoughtful governance and remained focused on
building a strong and sustainable future for the business.
In particular, Wendy played a pivotal role in guiding the business through some of its most significant transitions,
most notably supporting Libstar's evolution from a founder-led organisation to a new leadership team. Her ability to
chair Board meetings with both authority and grace, while fostering open dialogue and constructive debate, has
been truly invaluable.
Wendy's presence, insight, and guidance will be greatly missed. We wish her every success and happiness in her
future endeavours.
The Board wishes to welcome the new Chairman, JP Landman. He brings a wealth of experience and a deep
understanding of our business and industry. We look forward to working closely together as we continue to build on
our momentum and pursue the next phase of our growth.
Cape Town
30 May 2025
Sponsor
The Standard Bank of South Africa Limited
Date: 30-05-2025 03:11:00
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