CRESTA MARAKANELO LIMITED

(Incorporated in the Republic of Botswana on 23 August 1974

Registra>on number BW00001308618 (Share Code: CML ISIN: BW 000 000 0892)

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 28 June 2023 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 149,437,180 shares were represented at the AGM either in person or by proxy, representing 80.94% of the issued share capital of the Company. All resolutions were passed without amendment.

The results of the resolutions passed are shown below:

ORDINARY BUSINESS RESOLUTIONS

  • To receive, consider and adopt the audited annual financial statements for the year ended 31 December 2022 together with the Directors' and Auditors' reports thereon.
  • To approve the remuneration of the external auditors, Deloitte & Touche for the year ended 31 December 2022.
  • To approve the appointment of Deloitte & Touche as external auditors for the year ending 31 December 2023 and to authorize the Board of Directors to determine their remuneration.
  • To approve the Remuneration Report for the year ended 31 December 2022.
  • To approve the Directors' remuneration for the year ended 31 December 2022.
  • To re-elect Mr Moatlhodi Lekaukau who retires by rotation pursuant to section 20.10.1 of the Constitution of the Company, and who, being eligible, offers himself for re-election as a Director.
  • To re-elect Mr Osbourne Majuru who retires by rotation pursuant to section 20.10.1 of the Constitution of the Company, and who, being eligible, offers herself for re-election as a Director.
  • To re-elect Mrs Tshepidi Ondoko who retires by rotation pursuant to section 20.10.1 of the Constitution of the Company, and who, being eligible, offers herself for re-election as a Director.

For and on behalf of the Board of Directors. 30 June 2023

Votes

Votes

Shares

in favour

against

abstained

as % of those

as % of those

as % of

issued share

voting

voting

capital

100%

0%

0%

100%

0%

0%

100%

0%

0%

100%

0%

0%

100%

0%

0%

66.35%

33.65%

0%

100%

0%

0%

100%

0%

0%

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Disclaimer

Cresta Marakanelo Limited published this content on 30 June 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 June 2023 14:53:02 UTC.