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Results of the Annual General Meeting
ADCORP HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
Registration number: 1974/001804/06
Share code: ADR
ISIN: ZAE000000139
("Adcorp" or "the Company")
RESULTS OF THE ANNUAL GENERAL MEETING
Shareholders are hereby advised that at the annual general meeting of the Company held
electronically at 9:00 today, Thursday, 28 July 2022 (“AGM”), all of the resolutions were
passed by the requisite majorities of the Company’s shareholders.
Details of the results of the voting at the AGM are as follows:
Ordinary Shares
Votes
Votes for against
resolution as resolution as Number of Number of
a percentage a percentage ordinary ordinary
of total of total shares voted shares
number of number of Number of at AGM as a abstained as
Resolutions ordinary ordinary ordinary percentage a percentage
proposed at the shares voted shares voted shares voted of shares in of shares in
AGM at AGM at AGM at AGM issue* issue*
Ordinary resolution
number 1.1:
Election of director
– Timothy Olls 97,74% 2,26% 91362372 87,26% 0,00%
Ordinary resolution
number 1.2:
Election of director
– Samuel Sithole 97,74% 2,26% 91362372 87,26% 0,00%
Ordinary resolution
number 1.3:
Re-election of
director – Phumla
Mnganga 97,23% 2,77% 91362372 87,26% 0,00%
Ordinary resolution
number 1.4:
Re-election of
director – Herman
Singh 99,97% 0,03% 91362372 87,26% 0,00%
Ordinary resolution
number 1.5:
Re-election of
director – Gloria
Serobe (Board
chairman) 94,48% 5,52% 91362372 87,26% 0,00%
Ordinary resolution
number 2.1:
Re-election of audit
and risk committee
member – Tshidi
Mokgabudi
(chairman) 99,94% 0,06% 91362372 87,26% 0,00%
Ordinary resolution
number 2.2:
Re-election of audit
and risk committee
member – Herman
Singh 97,74% 2,26% 91362372 87,26% 0,00%
Ordinary resolution
number 2.3:
Re-election of audit
and risk committee
member – Ronel
van Dijk 99,97% 0,03% 91362372 87,26% 0,00%
Ordinary resolution
number 2.4:
Re-election of audit
and risk committee
member – Melvyn
Lubega 99,97% 0,03% 91362372 87,26% 0,00%
Ordinary resolution
number 3:
Appointment of
independent
external auditor 99,78% 0,22% 91362372 87,26% 0,00%
Ordinary resolution
number 4:
Place 2 000 000 of
the authorised but
unissued ordinary
shares under the
control of the
directors 94,63% 5,37% 91362372 87,26% 0,00%
Ordinary resolution
number 5:
Non-binding
advisory vote on
the remuneration
policy 91,70% 8,30% 73838957 70,52% 16,74%
Ordinary resolution
number 6:
Non-binding
advisory vote on
the remuneration
implementation
report 92,99% 7,01% 73838957 70,52% 16,74%
Ordinary resolution
number 7:
Authority to
implement
resolutions passed
at the AGM 99,97% 0,03% 91362372 87,26% 0,00%
Special resolution
number 1:
Remuneration
payable to non-
executive directors 97,41% 2,59% 91362372 87,26% 0,00%
Special resolution
number 2:
Repurchase of the
Company’s shares 98,93% 1,07% 91362372 87,26% 0,00%
Special resolution
number 3:
Financial
assistance for the
provision of loans
or other financial
assistance to
present or future
related and inter-
related companies 96,26% 3,74% 91362372 87,26% 0,00%
B Ordinary Shares
Votes
Votes for against
resolution as resolution as Number of B Number of B
a percentage a percentage ordinary ordinary
of total of total shares voted shares
number of B number of B Number of B at AGM as a abstained as
Resolutions ordinary ordinary ordinary percentage a percentage
proposed at the shares voted shares voted shares voted of shares in of shares in
AGM at AGM at AGM at AGM issue* issue*
Ordinary resolution
number 1.1:
Election of director
– Timothy Olls 100,00% 0,00% 6729140 100,00% 0,00%
Ordinary resolution
number 1.2:
Election of director
– Samuel Sithole 100,00% 0,00% 6729140 100,00% 0,00%
Ordinary resolution
number 1.3:
Re-election of
director – Phumla
Mnganga 100,00% 0,00% 6729140 100,00% 0,00%
Ordinary resolution
number 1.4:
Re-election of
director – Herman
Singh 100,00% 0,00% 6729140 100,00% 0,00%
Ordinary resolution
number 1.5:
Re-election of
director – Gloria
Serobe (Board
chairman) 100,00% 0,00% 6729140 100,00% 0,00%
Ordinary resolution
number 2.1:
Re-election of audit
and risk committee
member – Tshidi
Mokgabudi
(chairman) 100,00% 0,00% 6729140 100,00% 0,00%
Ordinary resolution
number 2.2:
Re-election of audit
and risk committee
member – Herman
Singh 100,00% 0,00% 6729140 100,00% 0,00%
Ordinary resolution
number 2.3:
Re-election of audit
and risk committee
member – Ronel
van Dijk 100,00% 0,00% 6729140 100,00% 0,00%
Ordinary resolution
number 2.4:
Re-election of audit
and risk committee
member – Melvyn
Lubega 100,00% 0,00% 6729140 100,00% 0,00%
Ordinary resolution
number 3:
Appointment of
independent
external auditor 100,00% 0,00% 6729140 100,00% 0,00%
Ordinary resolution
number 4:
Place 2 000 000 of
the authorised but
unissued ordinary
shares under the
control of the
directors 100,00% 0,00% 6729140 100,00% 0,00%
Ordinary resolution
number 5:
Non-binding
advisory vote on
the remuneration
policy 100,00% 0,00% 6729140 100,00% 0,00%
Ordinary resolution
number 6:
Non-binding
advisory vote on
the remuneration
implementation
report 100,00% 0,00% 6729140 100,00% 0,00%
Ordinary resolution
number 7:
Authority to
implement
resolutions passed
at the AGM 100,00% 0,00% 6729140 100,00% 0,00%
Special resolution
number 1:
Remuneration
payable to non-
executive directors 100,00% 0,00% 6729140 100,00% 0,00%
Special resolution
number 2:
Repurchase of the
Company’s shares 100,00% 0,00% 6729140 100,00% 0,00%
Special resolution
number 3:
Financial
assistance for the
provision of loans
or other financial
assistance to
present or future 100,00% 0,00% 6729140 100,00% 0,00%
related and inter-
related companies
Note:
* Total number of shares in issue as at the date of the AGM was 116 683 815 (including
5 255 134 Treasury Shares which were excluded from voting), of which 109 954 675 were
Ordinary Shares and 6 729 140 were B Ordinary Shares.
Johannesburg
28 July 2022
Sponsor
PSG Capital
Date: 28-07-2022 03:55:00
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