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Report on proceedings at the annual general meeting
SABVEST CAPITAL LIMITED
(Incorporated in South Africa)
(Registration number 2020/030059/06)
JSE share code: SBP
ZAE000283511
("Sabcap")
REPORT ON PROCEEDINGS AT THE ANNUAL GENERAL MEETING
Shareholders are advised that, at the annual general meeting ("AGM" or "the meeting") of the shareholders of Sabcap held electronically today, 23 May 2024, all the
ordinary and special resolutions proposed at the meeting were approved by the requisite majority of votes. The following information is provided in compliance with the
JSE Listings Requirements:
Total number of Sabcap shares in issue 39 220 000
Total number of votes exercisable by the ordinary shares ("Ord shares") 38 970 000
Total number of votes exercisable by the Z share ("Z share")* 40 704 165
Total number of votes exercisable at the meeting 79 674 165
*The Z share is entitled to exercise votes equal to 104.45% of the voting rights of all the issued Ord shares on a poll.
Details of voting results:
Votes cast disclosed as a percentage in relation Votes held by
to the total number of votes held by shares shares voted as a Shares abstained
Resolutions voted at the meeting percentage in disclosed as a
relation to the percentage in
Number of shares total votes of all relation to the total
For Against voted issued shares issued shares
Ordinary Resolutions
1 – Re-election of director – Mr L Rood 99.92% Ord shares 0.08% Ord shares 21 093 980 Ord shares 26.48% Ord shares 0.5% Ord shares
100% Z share 0% Z share 40 704 165 Z share 51.09% Z share 0% Z share
2 – Re-election of non-executive director – 95.35% Ord shares 4.65% Ord shares 21 093 980 Ord shares 26.48% Ord shares 0.5% Ord shares
Mr BJT Shongwe 100% Z share 0% Z share 40 704 165 Z share 51.09% Z share 0% Z share
3 – Re-election of non-executive director – 99.92% Ord shares 0.08% Ord shares 21 093 980 Ord shares 26.48% Ord shares 0.5% Ord shares
Mr K Pillay 100% Z share 0% Z share 40 704 165 Z share 51.09% Z share 0% Z share
4 – Appointment of independent external 99.92% Ord shares 0.08% Ord shares 21 093 980 Ord shares 26.48% Ord shares 0.5% Ord shares
auditors 100% Z share 0% Z share 40 704 165 Z share 51.09% Z share 0% Z share
5 – Re-election of Audit Committee member 99.92% Ord shares 0.08% Ord shares 21 093 980 Ord shares 26.48% Ord shares 0.5% Ord shares
– Ms L Mthimunye 100% Z share 0% Z share 40 704 165 Z share 51.09% Z share 0% Z share
6 – Re-election of Audit Committee member 99.92% Ord shares 0.08% Ord shares 21 093 980 Ord shares 26.48% Ord shares 0.5% Ord shares
– Mrs O Ighodaro 100% Z share 0% Z share 40 704 165 Z share 51.09% Z share 0% Z share
7 – Re-election of Audit Committee member 84.64% Ord shares 15.36% Ord shares 21 093 980 Ord shares 26.48% Ord shares 0.5% Ord shares
– Mr BJT Shongwe 100% Z share 0% Z share 40 704 165 Z share 51.09% Z share 0% Z share
8 – Non-binding advisory vote on 99.92% Ord shares 0.08% Ord shares 21 093 980 Ord shares 26.48% Ord shares 0.5% Ord shares
Remuneration Policy 100% Z share 0% Z share 40 704 165 Z share 51.09% Z share 0% Z share
9 – Non-binding advisory vote on 99.92% Ord shares 0.08% Ord shares 21 093 980 Ord shares 26.48% Ord shares 0.5% Ord shares
Remuneration Implementation Report 100% Z share 0% Z share 40 704 165 Z share 51.09% Z share 0% Z share
10 – Authority to sign all documents 99.92% Ord shares 0.08% Ord shares 21 093 980 Ord shares 26.48% Ord shares 0.5% Ord shares
required 100% Z share 0% Z share 40 704 165 Z share 51.09% Z share 0% Z share
Special Resolutions
1 – Approval of proposed non-executive 99.92% Ord shares 0.08% Ord shares 21 093 980 Ord shares 26.48% Ord shares 0.5% Ord shares
directors' remuneration for the year 100% Z share 0% Z share 40 704 165 Z share 51.09% Z share 0% Z share
ending 31 December 2024
2 – Authority to provide financial assistance 99.92% Ord shares 0.08% Ord shares 21 093 980 Ord shares 26.48% Ord shares 0.5% Ord shares
in terms of Section 45 of the Companies Act 100% Z share 0% Z share 40 704 165 Z share 51.09% Z share 0% Z share
to any group company
3 – Authority to provide financial assistance 99.92% Ord shares 0.08% Ord shares 21 093 980 Ord shares 26.48% Ord shares 0.5% Ord shares
in terms of section 44 of the Companies Act 100% Z share 0% Z share 40 704 165 Z share 51.09% Z share 0% Z share
4 – General authority to repurchase shares 99.92% Ord shares 0.08% Ord shares 21 093 980 Ord shares 26.48% Ord shares 0.5% Ord shares
100% Z share 0% Z share 40 704 165 Z share 51.09% Z share 0% Z share
The special resolution/s will, where necessary, be lodged for registration with the Companies and Intellectual Property Commission in due course.
Sandhurst
23 May 2024
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 23-05-2024 02:41:00
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