To view the PDF file, sign up for a MySharenet subscription.

MAHUBE INFRASTRUCTURE LIMITED - Results of Annual General Meeting

Release Date: 12/10/2023 14:45
Code(s): MHB     PDF:  
Wrap Text
Results of Annual General Meeting

Mahube Infrastructure Limited
(Incorporated in the Republic of South Africa)
(Registration number: 2015/115237/06)
ISIN: ZAE000290763
JSE code: MHB
("Mahube" or the "Company")


RESULTS OF ANNUAL GENERAL MEETING

Shareholders are advised that at the Annual General Meeting of the Company ("AGM") held on Thursday, 12
October 2023, all resolutions as set out in the revised notice of the AGM, which was published and distributed to
shareholders on 30 August 2023, were duly approved by the requisite majority of shareholders present and voting,
either in person or represented by proxy, with the exception of the following:

    -   Non-binding Advisory Resolutions number 4.1- Remuneration Policy and 4.2 - Remuneration
        Implementation Report were not endorsed by the requisite majority of shareholders?? votes and
        accordingly, an invitation is extended to the dissenting shareholders to engage with the Company as set
        out below.


Shareholders are advised that:
- the total number of shares in issue as at the date of the AGM was 55 151 000;
- the total number of shares that were present in person/represented by proxy at the AGM was
     27 019 789 shares, being 48.99% of the total number of shares in issue; and
- abstentions are represented below as a percentage of the total number of shares in issue.

Details of the results of the voting at the AGM are as follows:

                                                  Shares voted           Votes      Votes For      Votes
                                                                       Abstained                  Against
                                                 Number           %       %(1)         % (2)        % (2)

Ordinary Resolutions:

Election, Retirement and Re-election
of Directors

Ordinary Resolution number 1.1
Election of M Kuscus                         27 019 789      48,96%       0.03%       94,53%     5,47%

Ordinary Resolution number 1.2
Ratification M Kuscus as Chairman of         27 019 789      48,96%       0.03%       94,53%     5,47%
the Board
 
Ordinary Resolution number 1.3
Re-election S Tuku                          27 019 789       48,96%       0.03%        94,53%    5,47%

Appointment of member of Audit and
Risk Committee

Ordinary Resolution number 2.1
Ms S Tuku - Chair                          27 019 789     48,96%       0.03%           94,53%   5,47%

Ordinary Resolution number 2.2
Ms M May                                   27 019 789     48,96%       0.03%           94,53%   5,47%

Ordinary Resolution number 2.3
Ms M Shikwinya                             27 019 789     48,96%       0.03%           94,46%   5,54%

Ordinary Resolution number 3

Re-appointment of independent external     27 019 789     48,96%       0.03%           94,53%   5,47%
auditor and audit partner

Non-binding advisory votes

4.1 Non-binding endorsement of
 Remuneration Policy                        27 019 789     48,96%       0.03%           0.06%    99.94%

4.2 Non-binding endorsement of
 Remuneration Implementation Report         27 019 789     48,96%       0.03%           0.08%    99.92%

Special Resolution:

Special Resolution number 1
Approval of non-executive directors??       27 019 789     48,96%       0.03%           94.45%   5.55%
remuneration

         Notes:
         1.   As a percentage of the Shares entitled to vote.
         2.   As a percentage of Shares voted on each resolution.


 Those shareholders who voted against the endorsement of the Remuneration Policy and Implementation Report
 are invited to engage with the Company by sending an email to melinda@fusioncorp.co.za by 30 November 2023.
 The Company welcomes further engagement and, based on the feedback received, the Remuneration Committee
 will extend an invitation to the dissenting shareholders to engage with the Company.


Sandton
12 October 2023


JSE Sponsor to Mahube

Questco Corporate Advisory Proprietary Limited

Date: 12-10-2023 02:45:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.