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Results of Annual General Meeting
Shoprite Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number 1936/007721/06)
ISIN no: ZAE000012084
JSE share code: SHP
NSX share code: SRH
LUSE share code: SHOPRITE
("Shoprite Holdings" or the "Company")
RESULTS OF ANNUAL GENERAL MEETING
Shareholders are advised that the voting results for the annual general meeting ("AGM") of Shoprite Holdings shareholders held on Monday, 11 November 2024 were as follows:
Resolution Number of shares voted Percentage of shares in In favour of** Against** Abstained*
issue* % % %
%
Ordinary Deferred Ordinary Deferred Ordinary Deferred Ordinary Deferred Ordinary Deferred
shares shares shares shares shares shares shares shares shares shares
Ordinary resolution number 1 –
Re-election of Directors
1.1 Mr P Cooper 428 658 907 264 969 112 72.49 86.70 98.53 100.00 1.47 0.00 0.04 0.00
1.2 Mr GW Dempster 428 658 907 264 969 112 72.49 86.70 99.60 100.00 0.40 0.00 0.04 0.00
1.3 Ms MLD Marole 428 658 907 264 969 112 72.49 86.70 99.94 100.00 0.06 0.00 0.04 0.00
1.4 Ms EA Wilton 428 430 034 264 969 112 72.45 86.70 98.56 100.00 1.44 0.00 0.08 0.00
Ordinary resolution number 2 –
Appointment as members of the Audit
and Risk Committee
2.1 Ms L de Beer 428 658 907 264 969 112 72.49 86.70 99.32 100.00 0.68 0.00 0.04 0.00
2.2 Mr GW Dempster 428 658 907 264 969 112 72.49 86.70 99.60 100.00 0.40 0.00 0.04 0.00
2.3 Ms NN Gobodo 428 658 907 264 969 112 72.49 86.70 99.63 100.00 0.37 0.00 0.04 0.00
2.4 Mr SN Maseko 428 658 707 264 969 112 72.49 86.70 100.00 100.00 0.00 0.00 0.04 0.00
2.5 Ms EA Wilton 428 430 034 264 969 112 72.45 86.70 99.42 100.00 0.58 0.00 0.08 0.00
Ordinary resolution number 3 – 428 658 947 264 969 112 72.49 86.70 99.92 100.00 0.08 0.00 0.04 0.00
Re-Appointment of Ernst & Young Inc.
as Auditors of the Company
Ordinary resolution number 4 – 428 659 306 264 969 112 72.49 86.70 92.67 100.00 7.33 0.00 0.04 0.00
General Authority for Directors to allot
and issue ordinary shares
Ordinary resolution number 5 – 428 659 306 264 969 112 72.49 86.70 91.92 100.00 8.08 0.00 0.04 0.00
General Authority for Directors to
issue for cash, those ordinary shares
which the Directors are authorised to
allot and issue in terms of ordinary
resolution number 4
Ordinary resolution number 6 – 428 658 946 264 969 112 72.49 86.70 99.67 100.00 0.33 0.00 0.04 0.00
General authority to Directors and/or
Company Secretary
Non-binding advisory vote number 7.1 427 773 349 264 969 112 72.34 86.70 57.21 100.00 42.79 0.00 0.19 0.00
– Remuneration Policy
Non-binding advisory vote number 7.2 428 634 502 264 969 112 72.49 86.70 58.41 100.00 41.59 0.00 0.04 0.00
– Implementation Report
Special resolution number 1 –
Remuneration of Non-executive
Directors
8.1 Chairman of the Board 428 649 224 264 969 112 72.49 86.70 97.94 100.00 2.06 0.00 0.04 0.00
8.2 Lead Independent Director 428 649 224 264 969 112 72.49 86.70 99.16 100.00 0.84 0.00 0.04 0.00
8.3 Non-executive Directors 428 649 224 264 969 112 72.49 86.70 99.49 100.00 0.51 0.00 0.04 0.00
8.4 Chairman of the Audit and Risk 428 649 224 264 969 112 72.49 86.70 99.56 100.00 0.44 0.00 0.04 0.00
Committee
8.5 Members of the Audit and Risk 428 649 224 264 969 112 72.49 86.70 99.56 100.00 0.44 0.00 0.04 0.00
Committee
8.6 Chairman of the Remuneration 428 649 224 264 969 112 72.49 86.70 99.85 100.00 0.15 0.00 0.04 0.00
Committee
8.7 Members of the Remuneration 428 649 224 264 969 112 72.49 86.70 99.56 100.00 0.44 0.00 0.04 0.00
Committee
8.8 Chairman of the Nomination 428 649 224 264 969 112 72.49 86.70 99.83 100.00 0.17 0.00 0.04 0.00
Committee
8.9 Members of the Nomination 428 649 224 264 969 112 72.49 86.70 99.84 100.00 0.16 0.00 0.04 0.00
Committee
8.10 Chairman of the Social and 428 650 924 264 969 112 72.49 86.70 99.85 100.00 0.15 0.00 0.04 0.00
Ethics Committee
8.11 Members of the Social and 428 650 924 264 969 112 72.49 86.70 99.85 100.00 0.15 0.00 0.04 0.00
Ethics Committee
8.12 Chairman of the Investment and 428 649 224 264 969 112 72.49 86.70 99.85 100.00 0.15 0.00 0.04 0.00
Finance Committee
8.13 Members of the Investment and 428 649 224 264 969 112 72.49 86.70 99.85 100.00 0.15 0.00 0.04 0.00
Finance Committee
Special resolution number 2 – 428 412 870 264 969 112 72.45 86.70 99.07 100.00 0.93 0.00 0.08 0.00
General Authority to acquire the
Company's own shares
Special resolution number 3 – 428 656 187 264 969 112 72.49 86.70 98.04 100.00 1.96 0.00 0.04 0.00
General Authority to provide financial
assistance to subsidiaries, related
and inter-related entities
The results of AGM combining the Shoprite Holdings ordinary shares and deferred shares ("combined shares") are as follows:
Resolution Number of combined Percentage of combined In favour of** Against** Abstained*
shares voted shares in issue* % % %
%
Ordinary resolution number 1 –
Re-election of Directors
1.1 Mr P Cooper 693 628 019 77.33 99.09 0.91 0.03
1.2 Mr GW Dempster 693 628 019 77.33 99.75 0.25 0.03
1.3 Ms MLD Marole 693 628 019 77.33 99.96 0.04 0.03
1.4 Ms EA Wilton 693 399 146 77.31 99.11 0.89 0.05
Ordinary resolution number 2 –
Appointment as members of the
Shoprite Holdings Audit and Risk
Committee
2.1 Ms L de Beer 693 628 019 77.33 99.58 0.42 0.03
2.2 Mr GW Dempster 693 628 019 77.33 99.75 0.25 0.03
2.3 Ms NN Gobodo 693 628 019 77.33 99.77 0.23 0.03
2.4 Mr SN Maseko 693 627 819 77.33 100.00 0.00 0.03
2.5 Ms EA Wilton 693 399 146 77.31 99.64 0.36 0.05
Ordinary resolution number 3 – 693 628 059 77.33 99.95 0.05 0.03
Re-Appointment of Ernst & Young Inc.
as Auditors of the Company
Ordinary resolution number 4 – 693 628 418 77.33 95.47 4.53 0.03
General Authority for Directors to allot
and issue ordinary shares
Ordinary resolution number 5 – 693 628 418 77.33 95.00 5.00 0.03
General Authority for Directors to issue
for cash, those ordinary shares which
the Directors are authorised to allot
and issue in terms of ordinary
resolution number 4
Ordinary resolution number 6 – 693 628 058 77.33 99.80 0.20 0.03
General authority to Directors and/or
Company Secretary
Non-binding advisory vote number 7.1 692 742 461 77.23 73.58 26.42 0.12
– Remuneration Policy
Non-binding advisory vote number 7.2 693 603 614 77.33 74.30 25.70 0.03%
– Implementation Report
Special resolution number 1 –
Remuneration of Non-executive
Directors
8.1 Chairman of the Board 693 618 336 77.33 98.73 1.27 0.03
8.2 Lead Independent Director 693 618 336 77.33 99.48 0.52 0.03
8.3 Non-executive Directors 693 618 336 77.33 99.68 0.32 0.03
8.4 Chairman of the Audit and Risk 693 618 336 77.33 99.73 0.27 0.03
Committee
8.5 Members of the Audit and Risk 693 618 336 77.33 99.73 0.27 0.03
Committee
8.6 Chairman of the Remuneration 693 618 336 77.33 99.90 0.10 0.03
Committee
8.7 Members of the Remuneration 693 618 336 77.33 99.73 0.27 0.03
Committee
8.8 Chairman of the Nomination 693 618 336 77.33 99.89 0.11 0.03
Committee
8.9 Members of the Nomination 693 618 336 77.33 99.90 0.10 0.03
Committee
8.10 Chairman of the Social and 693 620 036 77.33 99.91 0.09 0.03
Ethics Committee
8.11 Members of the Social and 693 620 036 77.33 99.91 0.09 0.03
Ethics Committee
8.12 Chairman of the Investment and 693 618 336 77.33 99.91 0.09 0.03
Finance Committee
8.13 Members of the Investment and 693 618 336 77.33 99.91 0.09 0.03
Finance Committee
Special resolution number 2 – 693 381 982 77.30 99.43 0.57 0.05
General Authority to acquire the
Company's own shares
Special resolution number 3 – 693 625 299 77.33 98.79 1.21 0.03
General Authority to provide financial
assistance to subsidiaries, related and
inter-related entities
* Based on 540 763 819 ordinary shares (591 338 502 ordinary shares less 50 574 683 treasury shares) and 264 969 112 deferred shares (305 621 601 deferred shares less 40 652 489
deferred shares which are currently restricted from voting) in issue at the date of the AGM.
** In relation to the total number of shares voted at the AGM.
Based on the above voting results, all resolutions were passed by the requisite majority of Shoprite Holdings shareholders represented at the AGM, save for non-binding advisory vote numbers
7.1 and 7.2 relating to the Company remuneration policy and the Company implementation report respectively, which were voted against by more than 25% of the ordinary and combined votes
exercised at the AGM.
INVITATION TO DISSENTING SHAREHOLDERS
Due to non-binding advisory vote numbers 7.1 and 7.2 relating to the remuneration policy and the implementation report, respectively, being voted against by more than 25% of the ordinary and
combined votes exercised at the AGM, an invitation is extended to such dissenting shareholders to engage with the Company in terms of section 3.84(j) of the JSE Listings Requirements as
follows:
1. dissenting shareholders are invited to forward their concerns/questions on the remuneration policy and implementation report in writing to the company secretary via email at:
lmgoliath@shoprite.co.za by no later than the close of business on Tuesday, 26 November 2024; and
2. following receipt of the above responses from the dissenting shareholders, appropriate engagements will be scheduled with such shareholders at a suitable date and time.
Cape Town
12 November 2024
Sponsor
Nedbank Corporate and Investment Banking, a division of Nedbank Limited
Date: 12-11-2024 02:08:00
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