MASTER DRILLING GROUP LIMITED Master Drilling Group Limited
(Incorporated in the Republic of South Africa) (Registration number 2011/008265/06)
JSE share code: MDI
ISIN: ZAE000171948
("Master Drilling" or the "Company" or the "Group")
RESULTS OF THE ANNUAL GENERAL MEETING OF MASTER DRILLING HELD ON MONDAY, 13 JUNE 2021.
Master Drilling shareholders are advised that the results of the business conducted at the annual general meeting held on Monday, 13 June 2022 at 09h00 at BDO offices, Wanderers Office Park, 52 Corlett Drive, Illovo, Johannesburg were as follows:
1. Ordinary resolution number 1 - Appointment of BDO South Africa Incorporated as the auditor of the Company BDO was appointed as the independent auditor of the Company until the conclusion of the next annual general meeting.
Appointment | For | % | Against | % | Abstain | % | Shares Voted | % |
of BDO South | ||||||||
125,326,164 | 96.43% | 4,639,849 | 3,57% | 61,985 | 0.04% | 129,966,013 | 85,92% | |
Africa | ||||||||
Incorporated | ||||||||
as auditor of | ||||||||
the Company | ||||||||
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2. Ordinary resolution number 2: Re-election of Non-Executive Director
Shane Trevor Ferguson was re-elected by separate resolution as a Non-Executive Director.
Re-election | For | % | Against | % | Abstain | % | Shares Voted | % |
of Non- | ||||||||
Executive | ||||||||
Director | ||||||||
Shane Trevor | 108,489,754 | 83,48% | 21,476,259 | 16.52% | 61,985 | 0.04% | 129,966,013 | 85.92% |
Ferguson | ||||||||
3. Ordinary resolution number 3: Election of Non-Executive Director
Mamokete Emily Ramathe was elected by separate resolution as a Non-Executive Director.
Election of | For | % | Against | % | Abstain | % | Shares | % |
Non- | Voted | |||||||
Executive | ||||||||
Director | ||||||||
Mamokete | 129,966,013 | 100.00% | 0 | 0.00% | 61,985 | 0.04% | 129,966,013 | 85.92% |
Emily | ||||||||
Ramathe | ||||||||
4. Ordinary resolution number 4: Election/ Re-appointment of members of the Audit Committee
Messrs Andries Willem Brink, Akhter Alli Deshmukh, Mamokete Emily Ramathe (all Independent Non-Executive Directors) and Shane Trevor Ferguson (Non-Executive Director) were each elected by way of separate resolution as members of the Master Drilling Audit Committee with effect from the end of the annual general meeting.
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Election/Re- | For | % | Against | % | Abstain | % | Shares Voted | % | |
appointment of | |||||||||
members of the | |||||||||
Audit Committee | |||||||||
4.1 | Andries | 129,939,682 | 99.98% | 26,331 | 0.02% | 61,985 | 0.04% | 129,966,013 | 85.92% |
Willem | |||||||||
Brink | |||||||||
4.2 | Shane | 98,231,728 | 75.58% | 31,734,285 | 24.42% | 61,985 | 0.04% | 129,966,013 | 85.92% |
Trevor | |||||||||
Ferguson | |||||||||
4.3 | Akhter Alli | 109,363,037 | 84.15% | 20,599,928 | 15,85% | 65,033 | 0.04% | 129,962,965 | 85.92% |
Deshmukh | |||||||||
4.4 | Mamokete | 129,966,013 | 100.00% | - | 0% | 61,985 | 0.04% | 129,966,013 | 85,92% |
Emily | |||||||||
Ramathe | |||||||||
5. Ordinary resolution number 5: General authority to Directors to allot and issue authorised but unissued ordinary shares
The general authority was approved for the Directors of Master Drilling to allot and issue ordinary shares. up to a maximum of 5% of the authorised but unissued ordinary shares of the Company, pursuant to the provisions of the Companies Act and the JSE Listings Requirements.
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General | For | % | Against | % | Abstain | % | Shares Voted | % |
authority | ||||||||
to | ||||||||
Directors | ||||||||
to allot | ||||||||
and issue | ||||||||
authorised | ||||||||
but | ||||||||
unissued | ||||||||
ordinary | ||||||||
shares | ||||||||
102,436,826 | 78,82% | 27,527,187 | 21,18% | 63,985 | 0.04% | 129,964,013 | 85.92% | |
6. Ordinary resolution number 6: General authority for Directors to issue shares for cash
The general authority for Directors to issue shares for cash, limited to a maximum number of 7,563,138 ordinary shares and which authority is only valid until the next annual general meeting, was approved.
General | For | % | Against | % | Abstain | % | Shares Voted | % | |
authority | |||||||||
for | |||||||||
Directors | |||||||||
to issue | |||||||||
shares | for | ||||||||
cash | |||||||||
102,438,826 | 78.82% | 27,527,187 | 21.18% | 61.985 | 0.04% | 129,966,013 | 85.92% | ||
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7. Ordinary resolution number 7: Approval of the Master Drilling remuneration policy
The Company's remuneration policy as contained in the Remuneration report of the Company as set out in the Integrated Annual Report (excluding the remuneration of Directors for their services as Directors and members of the Board or statutory committees) in terms of the King Report on Governance for South Africa 2016 ("King IV") was endorsed by way of a non-binding advisory vote.
Approval of the | For | % | Against | % | Abstain | % | Shares Voted | % |
Master Drilling | ||||||||
remuneration | ||||||||
policy | ||||||||
108,930,773 | 83.83% | 21,010,240 | 16.17% | 86,985 | 0.06% | 129,941,013 | 85.90% | |
8. Ordinary resolution number 8: Approval of implementation report of the remuneration policy
Implementation of the remuneration policy as contained in the Remuneration report of the Company and as set out in the Integrated Annual Report (excluding the remuneration of Directors for their services as Directors and members of the Board or statutory committees) in terms of King IV was endorsed by way of a non-binding advisory vote.
Approval of | For | % | Against | % | Abstain | % | Shares Voted | % |
implementation | ||||||||
report on the | ||||||||
Master Drilling | ||||||||
remuneration | ||||||||
policy | ||||||||
110,238,756 | 84.84% | 19,702,257 | 15.16% | 86,985 | 0.06% | 129,941,013 | 85,90% | |
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Master Drilling Group Ltd. published this content on 13 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 13 June 2022 11:52:02 UTC.
