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Results of the annual general meeting
ADCORP HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
Registration number: 1974/001804/06
Share code: ADR
ISIN: ZAE000000139
("Adcorp" or "the Company")
RESULTS OF THE ANNUAL GENERAL MEETING
Shareholders are hereby advised that the annual general meeting of the Company was held
entirely by way of electronic participation at 09:00 today, 30 July 2024 ("AGM").
Shareholders are further advised that at the AGM all of the resolutions were passed by the
requisite majorities of the Company's shareholders.
Details of the results of the voting at the AGM are as follows:
Ordinary shares³
Resolutions Ordinary Ordinary Votes for Votes Ordinary
proposed at the AGM shares shares resolution against shares
voted at voted(%)1 (%)2 resolution abstained
General (%)2 (%)1
Meeting
(number)
Ordinary resolution 81 011 444 78,81% 99,99% 0,01% 0,00%
number 1.1: Re-
election of retiring
director and
Chairperson of the
board, Gloria Serobe
Ordinary resolution 81 011 444 78,81% 99,99% 0,01% 0,00%
number 1.2: Re-
election of retiring
director, Tshidi
Mokgabudi
Ordinary resolution 81 011 444 78,81% 99,76% 0,24% 0,00%
number 1.3: Re-
election of retiring
director, Tim Olls
Ordinary resolution 81 011 444 78,81% 99,99% 0,01% 0,00%
number 2.1: Re-
appointment of Tshidi
Mokgabudi as a
member and the
Chairperson of the
audit and risk
committee
Ordinary resolution 81 011 444 78,81% 98,19% 1,81% 0,00%
number 2.2: Re-
appointment of
Herman Singh as a
member of the audit
and risk committee
Ordinary resolution 81 011 444 78,81% 99,99% 0,01% 0,00%
number 2.3: Re-
appointment of Ronel
van Dijk as a member
of the audit and risk
committee
Ordinary resolution 81 011 444 78,81% 99,99% 0,01% 0,00%
number 2.4: Re-
appointment of Melvyn
Lubega as a member
of the audit and risk
committee
Ordinary resolution 81 011 444 78,81% 99,99% 0,01% 0,00%
number 3: Re-
appointment of
independent external
auditor
Ordinary resolution 81 011 444 78,81% 97,41% 2,59% 0,00%
number 4: Non-
binding advisory vote
on the remuneration
policy
Ordinary resolution 81 011 444 78,81% 98,14% 1,86% 0,00%
number 5: Non-
binding advisory
vote on the
remuneration
implementation
report
Ordinary resolution 81 011 444 78,81% 99,99% 0,01% 0,00%
number 6: Authority
to implement
resolutions passed
at the AGM
Special resolution 81 011 444 78,81% 98,84% 1,16% 0,00%
number 1:
Remuneration payable
to non-executive
directors
Special resolution 81 011 444 78,81% 97,47% 2,53% 0,00%
number 2:
Repurchase of the
Company's shares
Special resolution 81 011 444 78,81% 97,04% 2,96% 0,00%
number 3: Financial
assistance for the
subscription and/or
purchase of shares
in the Company or
a related or inter-
related
company
Special resolution 81 011 444 78,81% 99,99% 0,01% 0,00%
number 4: Inter-
company financial
assistance
Note:
1. As a percentage of the total number of ordinary shares in issue as at the date of the AGM
(excluding treasury shares and B ordinary shares).
2. As a percentage of the total number of ordinary shares voted at the AGM (excluding treasury
and B ordinary shares).
3. The total number of ordinary shares in issue as at the date of the AGM was 109 880 974 shares
of which 7 086 725 were treasury shares. Accordingly, the total votable ordinary shares were
102 794 249 ordinary shares.
Ordinary shares and B ordinary shares ³
Resolutions Shares Shares Votes for Votes Shares
proposed at the AGM voted at voted (%)1 resolution against abstained
General (%)2 resolution (%)1
Meeting (%)2
(number)
Ordinary resolution 87 740 584 80,11% 99,99% 0,01% 0,00%
number 1.1: Re-
election of retiring
director and
Chairperson of the
board, Gloria Serobe
Ordinary resolution 87 740 584 80,11% 99,99% 0,01% 0,00%
number 1.2: Re-
election of retiring
director, Tshidi
Mokgabudi
Ordinary resolution 87 740 584 80,11% 99,78% 0,22% 0,00%
number 1.3: Re-
election of retiring
director, Tim Olls
Ordinary resolution 87 740 584 80,11% 99,99% 0,01% 0,00%
number 2.1: Re-
appointment of Tshidi
Mokgabudi as a
member and the
Chairperson of the
audit and risk
committee
Ordinary resolution 87 740 584 80,11% 98,33% 1,67% 0,00%
number 2.2: Re-
appointment of
Herman Singh as a
member of the audit
and risk committee
Ordinary resolution 87 740 584 80,11% 99,99% 0,01% 0,00%
number 2.3: Re-
appointment of Ronel
van Dijk as a member
of the audit and risk
committee
Ordinary resolution 87 740 584 80,11% 99,99% 0,01% 0,00%
number 2.4: Re-
appointment of Melvyn
Lubega as a member
of the audit and risk
committee
Ordinary resolution 87 740 584 80,11% 99,99% 0,01% 0,00%
number 3: Re-
appointment of
independent external
auditor
Ordinary resolution 87 740 584 80,11% 97,61% 2,39% 0,00%
number 4: Non-
binding advisory vote
on the remuneration
policy
Ordinary resolution 87 740 584 80,11% 98,28% 1,72% 0,00%
number 5: Non-
binding advisory vote
on the remuneration
implementation report
Ordinary resolution 87 740 584 80,11% 99,99% 0,01% 0,00%
number 6: Authority
to implement
resolutions passed
at the AGM
Special resolution 87 740 584 80,11% 98,93% 1,07% 0,00%
number 1:
Remuneration payable
to non-executive
directors
Special resolution 87 740 584 80,11% 97,66% 2,34% 0,00%
number 2:
Repurchase of the
Company's shares
Special resolution 87 740 584 80,11% 97,26% 2,74% 0,00%
number 3: Financial
assistance for the
subscription and/or
purchase of shares
in the Company or
a related or inter-
related company
Special resolution 87 740 584 80,11% 99,99% 0,01% 0,00%
number 4: Inter-
company financial
assistance
Note:
1. As a percentage of the total number of ordinary shares and B ordinary shares in issue as at
the date of the AGM (excluding treasury shares).
2. As a percentage of the total number of ordinary shares and B ordinary shares voted at the
AGM (excluding treasury shares).
3. The total number of ordinary shares and B ordinary shares in issue as at the date of the AGM
was 116 610 114 shares of which 7 086 725 were treasury shares. Accordingly, the total
votable shares were 109 523 389 shares of which 102 794 249 were ordinary shares and
6 729 140 were B ordinary shares.
No resolutions were added or amended at the AGM.
30 July 2024
Johannesburg
Sponsor
Valeo Capital (Pty) Limited
Date: 30-07-2024 01:05:00
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