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Report on proceedings at the annual general meeting
REMGRO LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1968/006415/06)
ISIN: ZAE000026480
JSE and A2X Share code: REM
("Remgro" or "the Company")
REPORT ON PROCEEDINGS AT THE ANNUAL GENERAL MEETING
At the 2024 annual general meeting ("AGM") of the shareholders of Remgro held on Thursday, 28 November
2024 all the ordinary and special resolutions proposed were approved by the requisite majority of votes.
Remgro confirms the voting statistics from the AGM as follows:
Resolutions Votes cast disclosed as a Number of shares Shares voted disclosed Shares abstained
percentage in relation to voted as a percentage in disclosed as a
the total number of shares relation to the total percentage in relation
voted at the meeting Ordinary shares issued share capital* to the total issued
("Ord") share capital*
Ordinary shares ("Ord") B ordinary shares Ordinary shares ("Ord")
B ordinary shares ("B Ord") ("B Ord") B ordinary shares ("B Ordinary shares ("Ord")
Ord") B ordinary shares ("B
Ord")
For Against
Ordinary Resolution 99.98% Ord 0.02% Ord 361 288 956 Ord 68.27% Ord 0.91% Ord
Number 1 - Approval 100% B Ord 0% B Ord 39 056 987 B Ord 100% B Ord 0% B Ord
of annual financial
statements
Ordinary Resolution 99.99 Ord 0.01% Ord 361 454 047 Ord 68.30% Ord 0.88% Ord
Number 2 - 100% B Ord 0% B Ord 39 056 987 B Ord 100% B Ord 0% B Ord
Appointment of
auditor
Ordinary Resolution 90.74% Ord 9.26% Ord 361 454 747 Ord 68.30% Ord 0.88% Ord
Number 3 - Election 100% B Ord 0% B Ord 39 056 987 B Ord 100% B Ord 0% B Ord
of director,
Mr J J Durand
Ordinary Resolution 77.17% Ord 22.83% Ord 361 444 397 Ord 68.30% Ord 0.88% Ord
Number 4 - Election 100% B Ord 0% B Ord 39 056 987 B Ord 100% B Ord 0% B Ord
of director,
Mr J Malherbe
Ordinary Resolution 81.77% Ord 18.23% Ord 361 453 747 Ord 68.30% Ord 0.88% Ord
Number 5 - Election 100% B Ord 0% B Ord 39 056 987 B Ord 100% B Ord 0% B Ord
of director,
Mr P J Neethling
Ordinary Resolution 47.00% Ord 53.00% Ord 356 739 723 Ord 67.41% Ord 1.77% Ord
Number 6 - Election 100% B Ord 0% B Ord 39 056 987 B Ord 100% B Ord 0% B Ord
of director,
Mr F Robertson
Ordinary Resolution 81.55% Ord 18.45% Ord 361 454 747 Ord 68.30% Ord 0.88% Ord
Number 7 - Election 100% B Ord 0% B Ord 39 056 987 B Ord 100% B Ord 0% B Ord
of director,
Mr A E Rupert
Ordinary Resolution 99.88% Ord 0.12% Ord 361 433 022 Ord 68.30% Ord 0.88% Ord
Number 8 – 100% B Ord 0% B Ord 39 056 987 B Ord 100% B Ord 0% B Ord
Appointment of
alternate director,
Mr C P F Vosloo
Ordinary Resolution 93.16% Ord 6.84% Ord 356 739 413 Ord 67.41% Ord 1.77% Ord
Number 9 - Election 100% B Ord 0% B Ord 39 056 987 B Ord 100% B Ord 0% B Ord
of member of the
Audit and Risk
Committee,
Ms S E N De Bruyn
Ordinary Resolution 98.83% Ord 1.17% Ord 356 739 413 Ord 67.41% Ord 1.77% Ord
Number 10 - 100% B Ord 0% B Ord 39 056 987 B Ord 100% B Ord 0% B Ord
Election of member
of the Audit and
Risk Committee,
Mr G G Nieuwoudt
Ordinary Resolution 99.99% Ord 0.01% Ord 356 739 413 Ord 67.41% Ord 1.77% Ord
Number 11 - 100% B Ord 0% B Ord 39 056 987 B Ord 100% B Ord 0% B Ord
Election of member
of the Audit and
Risk Committee,
Mr K S Rantloane
Ordinary Resolution 71.38% Ord 28.62% Ord 361 454 747 Ord 68.30% Ord 0.88% Ord
Number 12 – General 100% B Ord 0% B Ord 39 056 987 B Ord 100% B Ord 0% B Ord
authority to place
5% of the unissued
ordinary shares
under the control
of the directors
Ordinary Resolution 88.11% Ord 11.89% Ord 361 446 557 Ord 68.30% Ord 0.88% Ord
Number 13 – Non- 100% B Ord 0% B Ord 39 056 987 B Ord 100% B Ord 0% B Ord
binding advisory
vote on
Remuneration Policy
Ordinary Resolution 66.04% Ord 33.96% Ord 361 446 557 Ord 68.30% Ord 0.88% Ord
Number 14 – Non- 100% B Ord 0% B Ord 39 056 987 B Ord 100% B Ord 0% B Ord
binding advisory
vote on
Remuneration
Implementation
Report
Ordinary Resolution 99.67% Ord 0.33% Ord 361 450 977 Ord 68.30% Ord 0.88% Ord
Number 15 – 100% B Ord 0% B Ord 39 056 987 B Ord 100% B Ord 0% B Ord
Amendments to the
rules of the Remgro
Limited Conditional
Share Plan
Ordinary Resolution 99.68% Ord 0.32% Ord 361 450 977 Ord 68.30% Ord 0.88% Ord
Number 16 – 100% B Ord 0% B Ord 39 056 987 B Ord 100% B Ord 0% B Ord
Amendments to the
rules of the Remgro
Limited Share
Appreciation Rights
Plan
Special Resolution 95.57% Ord 4.43% Ord 361 447 407Ord 68.30% Ord 0.88% Ord
Number 1 - Approval 100% B Ord 0% B Ord 39 056 987 B Ord 100% B Ord 0% B Ord
of directors'
remuneration
Special Resolution 98.46% Ord 1.54% Ord 361 434 912 Ord 68.30% Ord 0.88% Ord
Number 2 - General 0% B Ord 0% B Ord 39 056 987 B Ord 0% B Ord 100% B Ord
authority to
repurchase shares
Special Resolution 98.50% Ord 1.50% Ord 361 033 252 Ord 68.22% Ord 0.96% Ord
Number 3 - General 100% B Ord 0% B Ord 39 056 987 B Ord 100% B Ord 0% B Ord
authority to
provide financial
assistance for the
subscription and/or
purchase of
securities in the
Company or in
related or inter-
related companies
Special Resolution 99.97% Ord 0.03% Ord 361 033 252 Ord 68.22% Ord 0.96% Ord
Number 4 - General 100% B Ord 0% B Ord 39 056 987 B Ord 100% B Ord 0% B Ord
authority to
provide financial
assistance to
related and inter-
related companies
and corporations
*Total issued share capital is 529 217 007 ordinary shares with total voteable shares, excluding Treasury
shares, being 516 008 842 ordinary shares and 39 056 987 B ordinary shares.
Remuneration Policy
The Company's 2024 Remuneration Policy as published in the Integrated Annual Report (IAR) and tabled at
the AGM was approved. Shareholders are reminded that the Company indicated in its IAR that it is still in
the process of developing suitable performance targets for the new performance measures for the 2024
Conditional Share Plan awards.
Subsequent to the AGM, the Remgro Remuneration and Nomination Committee approved these targets which is
available on the Remgro website at https://www.remgro.com/wp-content/uploads/Approved-Targets-Remgro-
Remuneration-Policy-2024.pdf.
Remuneration Implementation Report
Shareholders are advised that Remgro wishes to engage its shareholders on the Company's Remuneration
Implementation Report to better understand the reasons why shareholders voted against the Remuneration
Implementation Report, and to enable the Remuneration and Nomination Committee to consider these concerns
on behalf of the Board of the Company.
Shareholders are invited to engage with Remgro, in line with the recommendations of the King IV Report on
Corporate Governance for South Africa, 2016 and paragraph 3.84(j)of the JSE Limited Listings
Requirements, as follows:
- to attend virtual engagement sessions, to be hosted via a Teams video facility;
- shareholders wishing to participate in these sessions are requested to please register their
interest by emailing the Company Secretary, ljoubert@remgro.com, by no later than close of business
on 5 December 2024. Once registered, shareholders will be emailed a meeting request for the Teams
session; and
- to submit any concerns, questions or recommendations on the Remuneration Implementation Report to
the Company Secretary by email to ljoubert@remgro.com, by close of business on 9 December 2024.
Stellenbosch
29 November 2024
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 29-11-2024 04:23:00
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