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Results of Annual General Meeting and update on CEO Succession
Sanlam Limited
(Incorporated in the Republic of South Africa)
Registration number 1959/001562/06
JSE share code: SLM
NSX share code: SLA
A2X share code: SLM
ISIN: ZAE000070660
("Sanlam" or "the Company")
Sanlam Life Insurance Limited
(Incorporated in the Republic of South Africa)
(Registration No. 1998/021121/06)
LEI: 378900E10332DF012A23
Bond Issuer Code: BISLI
("Sanlam Life")
RESULTS OF THE SANLAM ANNUAL GENERAL MEETING (2024) AND UPDATE ON CHIEF EXECUTIVE OFFICER SUCCESSION
Shareholders are advised that the special and ordinary resolutions proposed in the notice to shareholders
dated 28 March 2024 were passed by the requisite majority of votes of shareholders in attendance or
represented by proxy at the 26th annual general meeting held on Wednesday, 05 June 2024 at 13:00
("Annual General Meeting")
As at Friday, 24 May 2024, being the Annual General Meeting record date ("Voting Record Date"), the
total number of Sanlam ordinary shares of 1 cent each in issue was 2,202,916,000 ("Sanlam Issued
Ordinary Shares").
The Sanlam ordinary shares eligible to vote by being present in person or by submitting proxies was
1,642,205,875, being 76.07% of Sanlam Issued Ordinary Shares.
The voting details with respect to the proposed resolutions were as follows:
1. Ordinary Resolution No. 1 – To present the Sanlam Annual Reporting Suite (incorporating the
Integrated Report, Corporate Governance Report, King IV Report, Tax Report, Remuneration
Report, Sustainability Report, Annual Financial Statements) for the year ended 31 December
2023.
Ordinary Shares
Total Ordinary Shares voted
abstained
For (%)(1) Against (%)(1) Number %(2) %(2)
100.00 0.00 1,638,686,050 74.39 0.16
2. Ordinary Resolution No. 2 – Reappointment of KPMG Inc. and PricewaterhouseCoopers Inc.
as joint independent external auditors for the 2024 financial year.
Ordinary Shares
Total Ordinary Shares voted abstained
Joint Auditors For Against
(1) Number %(2) %(2)
(%) (%)(1)
2.1 P Fourie 99.98 0.02 1,639,485,207 74.42 0.12
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Ordinary Shares
Total Ordinary Shares voted abstained
Joint Auditors For Against
(1) Number %(2) %(2)
(%) (%)(1)
2.2 A du Preez 99.98 0.02 1,639,485,207 74.42 0.12
3. Ordinary Resolution No. 3 – Appointment of a new independent non-executive director.
Ordinary Shares
Total Ordinary Shares voted abstained
Director For Against
Number %(2) %(2)
(%)(1) (%)(1)
Temba Mvusi 95.54 4.46 1,639,485,206 74.42 0.12
4. Ordinary Resolution No. 4 – Re-election of non-executive directors.
Ordinary Shares
Total Ordinary Shares voted abstained
Director For Against
(1) Number %(2) %(2)
(%) (%)(1)
4.1 Anton Botha 97.51 2.49 1,639,485,207 74.42 0.12
4.2 Sipho Nkosi 97.68 2.32 1,629,106,763 73.95 0.59
4.3 Karabo Nondumo 97.65 2.35 1,639,485,207 74.42 0.12
4.4 Johan van Zyl 98.21 1.79 1,639,485,202 74.42 0.12
4.5 Kobus Möller 97.47 2.53 1,639,485,202 74.42 0.12
5. Ordinary Resolution No. 5 – Re-election of executive directors.
Ordinary Shares
Total Ordinary Shares voted abstained
Director For Against
(1) Number %(2) %(2)
(%) (%)(1)
Abigail Mukhuba 99.75 0.25 1,639,485,202 74.42 0.12
6. Ordinary Resolution No. 6 – Election of the members of the Sanlam Audit Committee.
Ordinary
Total Ordinary Shares voted Shares
abstained
Director For Against
(1) Number %(2) %(2)
(%) (%)(1)
6.1 Andrew Birrell 99.32 0.68 1,639,485,202 74.42 0.12
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Ordinary
Total Ordinary Shares voted Shares
abstained
Director For Against
(1) Number %(2) %(2)
(%) (%)(1)
6.2 Nicolaas Kruger 99.24 0.76 1,629,106,758 73.95 0.59
6.3 Mathukana Mokoka 97.00 3.00 1,629,106,758 73.95 0.59
6.4 Kobus Möller 86.12 13.88 1,639,485,202 74.42 0.12
6.5 Karabo Nondumo 97.73 2.27 1,639,485,202 74.42 0.12
6.6 Ndivhuwo Manyonga 99.85 0.15 1,639,485,202 74.42 0.12
7. Ordinary Resolution No. 7 – Advisory vote on the Company's Remuneration Policy and the
Remuneration Implementation Report.
Ordinary
Total Ordinary Shares voted Shares
abstained
For Against
(1) Number %(2) %(2)
(%) (%)(1)
7.1 Remuneration Policy 94.64 5.36 1,639,391,216 74.42 0.13
7.2 Remuneration 91.51 8.49 1,639,390,946 74.42 0.13
Implementation Report
8. Ordinary Resolution No. 8 – To place unissued ordinary shares under the control of the
directors.
Ordinary Shares
Total Ordinary Shares voted
abstained
For (%)(1) Against (%)(1) Number %(2) %(2)
95.89 4.11 1,639,485,207 74.42 0.12
9. Ordinary Resolution No. 9 – To approve general authority to issue shares for cash.
Ordinary Shares
Total Ordinary Shares voted
abstained
For (%)(1) Against (%)(1) Number %(2) %(2)
94.74 5.26 1,639,485,207 74.42 0.12
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10. Ordinary Resolution No. 11 – To authorise any director of the Company and, where applicable,
the Company Secretary of the Company, to implement the aforesaid ordinary resolutions and
the undermentioned special resolutions.
Ordinary Shares
Total Ordinary Shares voted
abstained
For (%)(1) Against (%)(1) Number %(2) %(2)
100.00 0.00 1,639,485,207 74.42 0.12
11. Special Resolution No. 1 – Approval of the remuneration of the non-executive directors of the
Company for their services as directors for the period 1 July 2024 to 30 June 2025
Ordinary Shares
Total Ordinary Shares voted
abstained
For (%)(1) Against (%)(1) Number %(2) %(2)
99.31 0.69 1,639,408,702 74.42 0.13
12. Special Resolution No. 2 – To give authority to the Company or a subsidiary of the Company
to acquire the Company's securities.
Ordinary Shares
Total Ordinary Shares voted
abstained
For (%)(1) Against (%)(1) Number %(2) %(2)
98.87 1.13 1,639,395,949 74.42 0.13
13. Special Resolution No. 3 – To grant specific authority to repurchase the SPV Sanlam Shares
from Subscription SPV, a wholly owned subsidiary in the Sanlam Group.
Ordinary Shares
Total Ordinary Shares voted
abstained
For (%)(1) Against (%)(1) Number %(2) %(2)
100.00 0.00 1,261,251,345 57.25 0.12
(1) Expressed as a percentage of Sanlam voteable ordinary shares for each resolution.
(2) Expressed as a percentage of 2,202,916,000 Sanlam ordinary shares in issue as at Voting Record Date.
CHIEF EXECUTIVE OFFICER SUCCESSION
The Sanlam Board is pleased to advise shareholders and noteholders that Paul Hanratty has
agreed to extend his term serving as the Chief Executive Officer and an Executive Director on
the Board until 31 December 2027.
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Group Company Secretary
Adela Fortune
Adela.Fortune@sanlam.co.za
Bellville
06 June 2024
Equity Sponsor to Sanlam
The Standard Bank of South Africa Limited
Debt Sponsor to Sanlam Life Insurance Limited
Rand Merchant Bank, a division of FirstRand Bank Limited
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Date: 06-06-2024 08:30:00
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