THE SPAR GROUP LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1967/001572/06)
JSE Code: SPP
ISIN: ZAE000058517
("SPAR" or the "Company")
RESULTS OF ANNUAL GENERAL MEETING
SPAR shareholders ("Shareholders") are advised that at the annual general meeting ("AGM") of Shareholders held on Tuesday, 11 February 2020, the ordinary and special resolutions, as set out in the notice of AGM dated 12 November 2019, were approved by the requisite majority of Shareholders present or represented by proxy.
All resolutions proposed at the AGM, together with the percentage of shares abstained, as well as the percentage of votes carried for and against each resolution, are as follows:
Ordinary Business | ||||
1. | Ordinary resolution number 1: Adoption of the annual financial statements of the Company | |||
Shares Voted | Abstained | For | Against | |
146 212 872 | 0.32% | 100.00% | 0.00% | |
75.91% | ||||
2. | Ratification of the appointment of a non-executive director | |||
Ordinary resolution number 2: Appointment of Mr L Koyana | ||||
Shares Voted | Abstained | For | Against | |
146 549 317 | 0.14% | 99.93% | 0.07% | |
76.09% | ||||
3. Re-election of non-executive directors
Ordinary resolution number 3.1: Re-electionof Harish Mehta
Shares Voted | Abstained | For | Against |
146 549 717 | 0.14% | 82.98% | 17.02% |
76.09% | |||
Ordinary resolution number 3.2: Re-election of Phumla Mnganga | |||
Shares Voted | Abstained | For | Against |
146 550 117 | 0.14% | 81.57% | 18.43% |
76.09% | |||
Ordinary resolution number 3.3: Re-electionof Andrew Waller
Shares Voted | Abstained | For | Against | |
146 550 117 | 0.14% | 98.81% | 1.19% | |
76.09% | ||||
4. | Ordinary resolution number 4: Re-election of PricewaterhouseCoopers Inc. as the independent | |||
external auditors of the Company and Sharalene Randelhoff as the independent designated | ||||
auditor | ||||
Shares Voted | Abstained | For | Against | |
146 550 217 | 0.14% | 100.00% | 0.00% | |
76.09% | ||||
5. Re-election of members of the Audit Committee | ||||
Ordinary resolution number 5.1: Re-election of Marang Mashologu | ||||
Shares Voted | Abstained | For | Against | |
146 550 117 | 0.14% | 99.31% | 0.69% | |
76.09% | ||||
Ordinary resolution number 5.2: Re-electionof Harish Mehta | ||||
Shares Voted | Abstained | For | Against | |
146 549 717 | 0.14% | 63.50% | 36.50% | |
76.09% | ||||
Ordinary resolution number 5.3: Re-electionof Andrew Waller | ||||
Shares Voted | Abstained | For | Against | |
146 550 117 | 0.14% | 98.81% | 1.19% | |
76.09% | ||||
6. | Ordinary resolution number 6: Authority to issue shares for the purpose of share options | |||
Shares Voted | Abstained | For | Against | |
146 549 123 | 0.14% | 93.99% | 6.01% | |
76.09% | ||||
7. Ordinary resolution number 5: Authority to issue shares for the purpose of The SPAR Group Limited Conditional Share Plan
Shares Voted | Abstained | For | Against |
146 549 123 | 0.14% | 98.33% | 1.67% |
76.09% | |||
8. | Ordinary resolution number 8: Non-binding advisory vote 1: Non-bindingadvisory vote on | |||
SPAR's remuneration policy | ||||
Shares Voted | Abstained | For | Against | |
146 474 048 | 0.18% | 91.52% | 8.48% | |
76.05% | ||||
9. | Ordinary resolution number 9: Non-binding advisory vote 2: Non-bindingadvisory vote on | |||
SPAR's remuneration implementation report | ||||
Shares Voted | Abstained | For | Against | |
146 546 803 | 0.14% | 85.83% | 14.17% | |
76.09% | ||||
Special Business | ||||
1. | Special resolution number 1: Financial assistance to related or inter-related companies | |||
Shares Voted | Abstained | For | Against | |
146 549 921 | 0.14% | 91.86% | 8.14% | |
76.09% | ||||
2. | Special resolution number 2: Non-executive directors' fees | |||
Shares Voted | Abstained | For | Against | |
146 549 121 | 0.14% | 96.77% | 3.23% | |
76.09% | ||||
Notes:
- Percentages of shares voted are calculated in relation to the total issued share capital of SPAR.
- Percentage of shares voted for and against are calculated in relation to the total number of shares voted for each resolution.
- Abstentions are calculated as a percentage in relation to the total issued share capital of SPAR.
Pinetown
11 February 2019
Sponsor
One Capital
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The SPAR Group Limited published this content on 11 February 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 February 2020 16:42:03 UTC