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Results of Annual General Meeting, Board Committee change and update on name change
Channel VAS Investments Limited
(Incorporated under the laws of the British Virgin Islands)
(Company number: 1750790)
JSE share code: OPA
ISIN code: VGG2072E1016
("Optasia" or the "Company")
ANNOUNCEMENT RELATING TO:
• RESULTS OF ANNUAL GENERAL MEETING
• COMMITTEE CHANGE
• FINALISATION INFORMATION IN RESPECT OF NAME CHANGE
Shareholders are advised that, at the Annual General Meeting of the Company ("AGM") held earlier today, all
the ordinary, non-binding advisory and special resolutions set out in the Notice were duly passed by the
requisite majorities of Shareholders present in person or represented by proxy.
The Company's issued share capital as at the date of the AGM comprised 1,235,061,843 ordinary shares of
US$0.00004 each, each carrying one vote. The total number of shares voted at the AGM was 1,084,891,178,
representing 87.84% of the Company's issued share capital.
Voting results
The voting results in respect of each resolution proposed at the AGM are set out below:
Resolution Votes Votes Total number of Total Abstained
For Against votes cast votes cast (% of
(% of (% of (% of issued
votes votes issued shares)
cast) cast) shares)
Ordinary Resolutions
1.1 Re-election of Mr Salvador 99.99% 0.01% 1 084 091 425 87.78% 0.06%
Anglada
1.2 Re-election of Mr Mariusz 99.91% 0.09% 1 084 091 425 87.78% 0.06%
Dabrowski
1.3 Re-election of Mr Bassim 98.96% 1.04% 1 084 091 425 87.78% 0.06%
Said Haidar
1.4 Re-election of Mr Roger 98.90% 1.10% 1 083 908 005 87.76% 0.08%
Grobler
1.5 Re-election of Mr Michael 99.39% 0.61% 1 084 091 425 87.78% 0.06%
Christian Jensen
1.6 Re-election of Dr Michael 99.55% 0.45% 1 084 091 425 87.78% 0.6%
Jordaan
1.7 Re-election of Mr Ronan 100.00% 0.00% 1 084 091 425 87.78% 0.06%
James Dunne
1.8 Re-election of Ms Lezanne 99.89% 0.11% 1 084 091 425 87.78% 0.06%
Human
1.9 Re-election of Mr Olusegun 100.00% 0.00% 1 084 091 425 87.78% 0.06%
Adeyemi Ogunsanya
2 Approval of the appointment 99.39% 0.61% 1 084 091 425 87.78% 0.06%
of Ms Lytania Johnson
3 Election of Mr Manuel n/a n/a n/a n/a n/a
(Manolo) Sánchez Rodríguez
(withdrawn)
4.1 Election of Mr Ronan James 99.59% 0.41% 1 084 091 425 87.78% 0.06%
Dunne as Chair of the Audit
Resolution Votes Votes Total number of Total Abstained
For Against votes cast votes cast (% of
(% of (% of (% of issued
votes votes issued shares)
cast) cast) shares)
Ordinary Resolutions
Committee
4.2 Re-election of Ms Lezanne 99.89% 0.11% 1 084 091 425 87.78% 0.06%
Human as a member of the
Audit Committee
4.3 Re-election of Mr Olusegun 100.00% 0.00% 1 084 091 425 87.78% 0.06%
Adeyemi Ogunsanya as a
member of the Audit
Committee
5 General authority to 99.58% 0.42% 1 084 097 368 87.78% 0.06%
repurchase shares
6 General authority to issue 71.23% 28.77% 1 084 097 718 87.78% 0.06%
shares for cash
7 Re-appointment of Ernst & 91.09% 8.91% 1 082 924 391 87.68% 0.16%
Young Middle East (Abu
Dhabi Branch) as
independent auditor
1 Non-Binding Advisory 91.01% 8.99% 1 078 673 391 87.34% 0.50%
Resolution: Endorsement of
the Remuneration Policy
2 Non-Binding Advisory 91.08% 8.92% 1 078 673 391 87.34% 0.50%
Resolution: Endorsement of
the Remuneration
Implementation Report
Special Resolutions
1 Approval of change of name 99.58% 0.42% 1 084 091 075 87.78% 0.06%
to Optasia Limited
2 Adoption of the new 99.48% 0.52% 1 084 097 368 87.78% 0.06%
Memorandum and Articles of
Association
Notes:
• Percentages for votes "For" and "Against" are expressed as a percentage of the total number of votes
cast in respect of that resolution.
• Percentages in respect of "Total votes cast" and "Abstentions" are expressed as a percentage of the
Company's total issued share capital as at the AGM record date of Friday, 22 May 2026.
• Ordinary Resolutions 1 to 7 required the support of more than 50% of the voting rights exercised on
each resolution in order to be passed.
• Non-Binding Advisory Resolutions 1 and 2 are advisory in nature and do not have legal effect in terms
of the JSE Listings Requirements or the King V Report on Corporate Governance for South Africa
("King V").
• Special Resolutions 1 and 2 required the support of at least 75% of the voting rights exercised on
each resolution in order to be passed.
• Ordinary resolution number 3 was withdrawn prior to being put to the meeting as Mr Manuel Sánchez
Rodríguez was no longer available to stand for election as a director of the Company. Accordingly,
no votes were counted in respect of this resolution.
Remuneration vote engagement
The Board notes the high level of Shareholder support received for both Non-Binding Advisory Resolution 1
(Remuneration Policy) and Non-Binding Advisory Resolution 2 (Remuneration Implementation Report). The
Remuneration Committee will continue to develop the Group's remuneration policy and implementation
practices to enhance transparent and sustainable remuneration outcomes across the organisation.
Change of company name
Shareholders are advised that pursuant to the passing of Special Resolutions 1 and 2 at the AGM and the
submission of the necessary documentation to the Registrar of Corporate Affairs of the British Virgin Islands
(the "Registrar"), the Company's name will change from "Channel VAS Investments Limited" to "Optasia
Limited" (the "Name Change").
The Name Change aligns the registered name of the Company with the "Optasia" brand under which the
Group operates and under which it is already trading on the JSE. The Company has been authorised and
instructed to make the necessary filings with the Registrar to give effect to the Name Change and the
adoption of the new Memorandum and Articles of Association of the Company in full substitution of the
existing Memorandum and Articles of Association.
The Name Change will not affect the Company's JSE share code ("OPA"), its ISIN (VGG2072E1016) or its
abbreviated name ("Optasia") on the JSE. The company will retain its historical trading and financial
reference data on the JSE.
Share certificates issued in the name of "Channel VAS Investments Limited" will remain valid and need not
be exchanged. New certificates issued following the Name Change will reflect the new name.
Salient dates and times in respect of the Name Change
Event 2026
Annual General Meeting held Monday, 1 June
Results of AGM released on SENS Monday, 1 June
Last day to trade under the name "Channel VAS Investments Limited" Tuesday, 9 June
Trading under the new name "Optasia Limited" commences (share code "OPA", Wednesday, 10 June
ISIN: VGG2072E1016 unchanged)
Record date for the change of registered name Friday, 12 June
Change of registered name reflected on CSDP accounts of dematerialised Monday, 15 June
shareholders
Notes:
• The dates and times set out above are subject to change. Any such change will be released on SENS
and, if required, published in the South African press.
• Share certificates may not be dematerialised or rematerialised between Wednesday, 10 June 2026 and
Friday, 12 June 2026 (both dates inclusive).
Changes to Board Committees
In accordance with paragraph 6.71 of the JSE Listings Requirements and the resolutions passed at the AGM,
the following changes to Board committee composition take effect from the conclusion of the AGM:
Audit Committee: Mr Ronan James Dunne is appointed as Chair of the Audit Committee in succession to Mr
Ahmad Farroukh. Ms Lezanne Human and Mr Olusegun Adeyemi Ogunsanya are re-elected as members of
the Audit Committee. The Audit Committee accordingly comprises three independent non-executive directors,
in compliance with paragraph 6.71(c) of the JSE Listings Requirements and Principle 60 of King V.
General
The Meeting Specialists (TMS) acted as scrutineers in respect of the poll at the AGM.
Johannesburg
1 June 2026
Sponsor
The Standard Bank of South Africa Limited
Date: 01-06-2026 05:50:00
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