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SANTAM LIMITED - Results of the 2024 Annual General Meeting of Santam Limited

Release Date: 30/05/2024 08:45
Code(s): SNT SNT06 SNT05 SNT07     PDF:  
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Results of the 2024 Annual General Meeting of Santam Limited

SANTAM LIMITED
(Incorporated in the Republic of South Africa)
Registration number: 1918/001680/06
LEI: 37890092DC55C7D94B35
JSE share code: SNT & ISIN: ZAE000093779
A2X share code: SNT
NSX share code: SNM
Bond company code: BISAN
("Santam" or the "Company")

RESULTS OF THE 2024 ANNUAL GENERAL MEETING OF SANTAM LIMITED

Shareholders and noteholders are herewith advised that all the Ordinary Resolutions and the Special Resolutions
were passed by the requisite majorities of the Company's shareholders at the annual general meeting ("AGM"),
that was held entirely by electronic communication on Tuesday, 28 May 2024 at 14H00 SA time.

The Company's voting results can be summarised as follows:

 LIST OF RESOLUTIONS                                  VOTES          VOTES           VOTES              TOTAL
                                                        FOR        AGAINST       ABSTAINED              VOTES

 Ordinary Resolution No. 1:                      98,184,151         97,206           5,630         98,281,357
 To appoint KPMG as the independent                  99.90%          0.10%           0.00%             85.36%
 external auditor for the 2024 financial
 year.

 Ordinary Resolution No. 2:
 To confirm the appointment of the
 following additional directors:

 2.1 L Swartz                                    98,115,911        165,446           5,630         98,281,357
 (Independent Non-Executive director)
                                                     99.83%          0.17%           0.00%             85.36%

 2.2 W Olivier                                   98,105,957        175,400           5,630         98,281,357
 (Executive director)                                99.82%          0.18%           0.00%             85.36%

 Ordinary Resolution No. 3:

 To individually re-elect the following
 non-executive directors who are retiring
 by rotation:

 3.1 D Loxton                                    98,166,545        114,812            5,630        98,281,357
 (Independent Non-Executive director)
                                                     99.88%          0.12%            0.00%            85.36%


 3.2 M Chauke                                    98,165,067        116,290            5,630        98,281,357
 (Independent Non-Executive director)
                                                     99.88%          0.12%            0.00%            85.36%

 3.3 P Hanratty                                  97,157,424      1,123,933             5630        98,281,357
 (Non-Executive director)
                                                     98.86%          1.14%            0.00%            85.36%


 3.4 A Mukhuba                                   98,100,930        180,427             5630        98,281,357
 (Non-Executive director)
                                                     99.82%          0.18%            0.00%            85.36%


 Ordinary Resolution No. 4:
 To individually elect and reappoint the
 following independent non-executive
 directors of the Company as members
 of the Audit Committee:

 4.1 P Speckmann                                 98,126,582        154,775            5,630        98,281,357
 (Independent Non-Executive director)
                                                     99.84%          0.16%            0.00%            85.36%

 4.2 M Fandeso                                   97,457,125        824,232            5,630        98,281,357
 (Independent Non-Executive director)
                                                     99.16%          0.84%            0.00%            85.36%

 4.3 D Loxton                                    98,166,545        114,812            5,630        98,281,357
 (Independent Non-Executive director)
                                                     99.88%          0.12%            0.00%            85.36%

 4.4 M Chauke                                    98,131,619        149,738            5,630        98,281,357
 (Independent Non-Executive director)
                                                     99.85%          0.15%            0.00%            85.36%

 Ordinary Resolution No. 5:
 To cast a non-binding advisory vote on
 the Company's Remuneration Policy
 and its Remuneration Implementation
 Report.

 5.1 Non-binding advisory vote on the            94,873,799      3,406,959            6,229        98,280,758
 Company's Remuneration Policy.

                                                     96.53%          3.47%            0.01%            85.36%



 5.2. Non-binding advisory vote on the           96,268,909      2,011,849            6,229        98,280,758
 Company's Remuneration
 Implementation Report.
                                                     97.95%          2.05%            0.01%            85.36%


 Ordinary Resolution No. 6:                      90,821,708      7,459,649            5,630        98,281,357
 To place unissued shares under the
 control of the directors.
                                                     92.41%          7.59%            0.00%            85.36%


 Ordinary Resolution No. 7:                      90,659,850      7,621,507            5,630        98,281,357
 To grant to the directors the general
 authority to issue shares for cash.
                                                     92.25%          7.75%            0.00%            85.36%


 Ordinary Resolution No. 8:                      98,266,618         14,739            5,630        98,281,357
 To authorise any director of the
 Company and, where applicable, the
 Group Company Secretary, to                         99.99%          0.01%            0.00%            85.36%
 implement the aforesaid Ordinary and
 undermentioned Special Resolutions.

 Special Resolution No. 1:                       96,531,419      1,749,339            6,229        98,280,758
 To approve the remuneration of the non-
 executive directors of the Company for
 their services for the period 01 July 2024          98.22%          1.78%            0.01%            85.36%
 to 30 June 2025.

 Special Resolution No. 2:                       97,193,975      1,086,149            6,863        98,280,124
 To grant authority to the Company or a
 subsidiary of the Company to acquire
 the Company's shares.                               98.89%          1.11%            0.01%            85.36%


 Special Resolution No. 3:                       97,351,919        928,839            6,229        98,280,758
 To grant a general authority to provide
 financial assistance in terms of Section
 44 of the Companies Act.                            99.05%          0.95%            0.01%            85.36%


 Special Resolution No. 4:                       97,545,155        736,202            5,630        98,281,357
 To grant a general authority to provide
 financial assistance in terms of Section
 45 of the Companies Act.                            99.25%          0.75%            0.00%            85.36%


Notes:

- The total number of shares that could be exercised at the meeting was 115,131,417.
- The total number of shares present/represented at the meeting (including proxies), as a % of the voteable
  shares was 85%.
- The total number of shares present/represented at the meeting (including proxies) was 98,286,987.
- The percentage of shares voted is calculated in relation to the number of shares represented at the AGM.


Group Company Secretary
Ruwaida Eksteen

TYGERVALLEY, CAPE TOWN
30 May 2024

Sponsor: Investec Bank Limited
Debt sponsor: Rand Merchant Bank (a division of FirstRand Bank Limited)

Date: 30-05-2024 08:45:00
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