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Results of Annual General Meeting
Mahube Infrastructure Limited
(Incorporated in the Republic of South Africa)
(Registration number: 2015/115237/06)
ISIN: ZAE000290763
JSE code: MHB
("Mahube" or the "Company")
RESULTS OF ANNUAL GENERAL MEETING
Shareholders are advised that at the Annual General Meeting of the Company ("AGM") held on Thursday, 12
October 2023, all resolutions as set out in the revised notice of the AGM, which was published and distributed to
shareholders on 30 August 2023, were duly approved by the requisite majority of shareholders present and voting,
either in person or represented by proxy, with the exception of the following:
- Non-binding Advisory Resolutions number 4.1- Remuneration Policy and 4.2 - Remuneration
Implementation Report were not endorsed by the requisite majority of shareholders?? votes and
accordingly, an invitation is extended to the dissenting shareholders to engage with the Company as set
out below.
Shareholders are advised that:
- the total number of shares in issue as at the date of the AGM was 55 151 000;
- the total number of shares that were present in person/represented by proxy at the AGM was
27 019 789 shares, being 48.99% of the total number of shares in issue; and
- abstentions are represented below as a percentage of the total number of shares in issue.
Details of the results of the voting at the AGM are as follows:
Shares voted Votes Votes For Votes
Abstained Against
Number % %(1) % (2) % (2)
Ordinary Resolutions:
Election, Retirement and Re-election
of Directors
Ordinary Resolution number 1.1
Election of M Kuscus 27 019 789 48,96% 0.03% 94,53% 5,47%
Ordinary Resolution number 1.2
Ratification M Kuscus as Chairman of 27 019 789 48,96% 0.03% 94,53% 5,47%
the Board
Ordinary Resolution number 1.3
Re-election S Tuku 27 019 789 48,96% 0.03% 94,53% 5,47%
Appointment of member of Audit and
Risk Committee
Ordinary Resolution number 2.1
Ms S Tuku - Chair 27 019 789 48,96% 0.03% 94,53% 5,47%
Ordinary Resolution number 2.2
Ms M May 27 019 789 48,96% 0.03% 94,53% 5,47%
Ordinary Resolution number 2.3
Ms M Shikwinya 27 019 789 48,96% 0.03% 94,46% 5,54%
Ordinary Resolution number 3
Re-appointment of independent external 27 019 789 48,96% 0.03% 94,53% 5,47%
auditor and audit partner
Non-binding advisory votes
4.1 Non-binding endorsement of
Remuneration Policy 27 019 789 48,96% 0.03% 0.06% 99.94%
4.2 Non-binding endorsement of
Remuneration Implementation Report 27 019 789 48,96% 0.03% 0.08% 99.92%
Special Resolution:
Special Resolution number 1
Approval of non-executive directors?? 27 019 789 48,96% 0.03% 94.45% 5.55%
remuneration
Notes:
1. As a percentage of the Shares entitled to vote.
2. As a percentage of Shares voted on each resolution.
Those shareholders who voted against the endorsement of the Remuneration Policy and Implementation Report
are invited to engage with the Company by sending an email to melinda@fusioncorp.co.za by 30 November 2023.
The Company welcomes further engagement and, based on the feedback received, the Remuneration Committee
will extend an invitation to the dissenting shareholders to engage with the Company.
Sandton
12 October 2023
JSE Sponsor to Mahube
Questco Corporate Advisory Proprietary Limited
Date: 12-10-2023 02:45:00
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