CRESTA MARAKANELO LIMITED

(Incorporated in the Republic of Botswana on 23 August 1974 Registration number BW00001308618

(Share Code: CML ISIN: BW 000 000 0892)

Cresta Hotels

www.crestamarakanelo.com

ANNUAL GENERAL MEETING RESULTS ANNOUNCEMENT

The Directors of Cresta Marakanelo Limited ("Cresta" or "the Company") are pleased to announce the results of the Annual General Meeting ("AGM") of shareholders held on Tuesday 21 June 2022 at Cresta Lodge, Gaborone.

The meeting was duly convened and met the quorum requirements in terms of the Company's Constitution. Shareholders holding a total of 141,484,065 shares were represented at the AGM either in person or by proxy, representing 76.63% of the issued share capital of the Company. All resolutions were passed without amendment.

The results of the resolutions passed are shown below:

Votes in

Votes

Shares

favour as

against as

abstained as

ORDINARY BUSINESS RESOLUTIONS

% of those

% of those

as % of issued

voting

voting

share capital

1

To receive, consider and adopt the audited annual financial statements for the year

100%

0%

0%

ended 31 December 2021 together with the Directors' and Auditors' reports thereon.

2

To approve the remuneration of the external auditors, Deloitte & Touche for the

100%

0%

0%

year ended 31 December 2021

3

To approve the appointment of Deloitte & Touche as external auditors for the year

ending 31 December 2022 and to authorize the Board of Directors to determine

100%

0%

0%

their remuneration.

4

To approve the Remuneration Report for the year ended 31 December 2021.

90.42%

0%

7.34%

5

To approve the Directors' remuneration for the year ended 31 December 2021.

100%

0%

0%

6

To re-elect Mr John Stevens who retires by rotation pursuant to section 20.10.1

of the Constitution of the Company, and who, being eligible, offers himself for

100%

0%

0%

re-election as a Director.

7

To re-elect Mr Pius Molefe who retires by rotation pursuant to section 20.10.1

of the Constitution of the Company, and who, being eligible, offers herself for

88.30%

11.70%

0%

re-election as a Director.

8

To approve the appointment of Ms Angelica Bojosi as a Director on the

97.88%

0.00%

1.62%

Company Board.

9

To approve the appointment of Mr Ditirwa Mphoeng as a Director on the

100%

0%

0%

Company Board.

10

To approve the appointment of Mr Joseph Hundah as a Director on the

97.88%

2.12%

0%

Company Board.

For and on behalf of the Board of Directors. 23 June 2022

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Cresta Marakanelo Limited published this content on 23 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 June 2022 14:45:03 UTC.