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Results of the 2024 Annual General Meeting of Santam Limited
SANTAM LIMITED
(Incorporated in the Republic of South Africa)
Registration number: 1918/001680/06
LEI: 37890092DC55C7D94B35
JSE share code: SNT & ISIN: ZAE000093779
A2X share code: SNT
NSX share code: SNM
Bond company code: BISAN
("Santam" or the "Company")
RESULTS OF THE 2024 ANNUAL GENERAL MEETING OF SANTAM LIMITED
Shareholders and noteholders are herewith advised that all the Ordinary Resolutions and the Special Resolutions
were passed by the requisite majorities of the Company's shareholders at the annual general meeting ("AGM"),
that was held entirely by electronic communication on Tuesday, 28 May 2024 at 14H00 SA time.
The Company's voting results can be summarised as follows:
LIST OF RESOLUTIONS VOTES VOTES VOTES TOTAL
FOR AGAINST ABSTAINED VOTES
Ordinary Resolution No. 1: 98,184,151 97,206 5,630 98,281,357
To appoint KPMG as the independent 99.90% 0.10% 0.00% 85.36%
external auditor for the 2024 financial
year.
Ordinary Resolution No. 2:
To confirm the appointment of the
following additional directors:
2.1 L Swartz 98,115,911 165,446 5,630 98,281,357
(Independent Non-Executive director)
99.83% 0.17% 0.00% 85.36%
2.2 W Olivier 98,105,957 175,400 5,630 98,281,357
(Executive director) 99.82% 0.18% 0.00% 85.36%
Ordinary Resolution No. 3:
To individually re-elect the following
non-executive directors who are retiring
by rotation:
3.1 D Loxton 98,166,545 114,812 5,630 98,281,357
(Independent Non-Executive director)
99.88% 0.12% 0.00% 85.36%
3.2 M Chauke 98,165,067 116,290 5,630 98,281,357
(Independent Non-Executive director)
99.88% 0.12% 0.00% 85.36%
3.3 P Hanratty 97,157,424 1,123,933 5630 98,281,357
(Non-Executive director)
98.86% 1.14% 0.00% 85.36%
3.4 A Mukhuba 98,100,930 180,427 5630 98,281,357
(Non-Executive director)
99.82% 0.18% 0.00% 85.36%
Ordinary Resolution No. 4:
To individually elect and reappoint the
following independent non-executive
directors of the Company as members
of the Audit Committee:
4.1 P Speckmann 98,126,582 154,775 5,630 98,281,357
(Independent Non-Executive director)
99.84% 0.16% 0.00% 85.36%
4.2 M Fandeso 97,457,125 824,232 5,630 98,281,357
(Independent Non-Executive director)
99.16% 0.84% 0.00% 85.36%
4.3 D Loxton 98,166,545 114,812 5,630 98,281,357
(Independent Non-Executive director)
99.88% 0.12% 0.00% 85.36%
4.4 M Chauke 98,131,619 149,738 5,630 98,281,357
(Independent Non-Executive director)
99.85% 0.15% 0.00% 85.36%
Ordinary Resolution No. 5:
To cast a non-binding advisory vote on
the Company's Remuneration Policy
and its Remuneration Implementation
Report.
5.1 Non-binding advisory vote on the 94,873,799 3,406,959 6,229 98,280,758
Company's Remuneration Policy.
96.53% 3.47% 0.01% 85.36%
5.2. Non-binding advisory vote on the 96,268,909 2,011,849 6,229 98,280,758
Company's Remuneration
Implementation Report.
97.95% 2.05% 0.01% 85.36%
Ordinary Resolution No. 6: 90,821,708 7,459,649 5,630 98,281,357
To place unissued shares under the
control of the directors.
92.41% 7.59% 0.00% 85.36%
Ordinary Resolution No. 7: 90,659,850 7,621,507 5,630 98,281,357
To grant to the directors the general
authority to issue shares for cash.
92.25% 7.75% 0.00% 85.36%
Ordinary Resolution No. 8: 98,266,618 14,739 5,630 98,281,357
To authorise any director of the
Company and, where applicable, the
Group Company Secretary, to 99.99% 0.01% 0.00% 85.36%
implement the aforesaid Ordinary and
undermentioned Special Resolutions.
Special Resolution No. 1: 96,531,419 1,749,339 6,229 98,280,758
To approve the remuneration of the non-
executive directors of the Company for
their services for the period 01 July 2024 98.22% 1.78% 0.01% 85.36%
to 30 June 2025.
Special Resolution No. 2: 97,193,975 1,086,149 6,863 98,280,124
To grant authority to the Company or a
subsidiary of the Company to acquire
the Company's shares. 98.89% 1.11% 0.01% 85.36%
Special Resolution No. 3: 97,351,919 928,839 6,229 98,280,758
To grant a general authority to provide
financial assistance in terms of Section
44 of the Companies Act. 99.05% 0.95% 0.01% 85.36%
Special Resolution No. 4: 97,545,155 736,202 5,630 98,281,357
To grant a general authority to provide
financial assistance in terms of Section
45 of the Companies Act. 99.25% 0.75% 0.00% 85.36%
Notes:
- The total number of shares that could be exercised at the meeting was 115,131,417.
- The total number of shares present/represented at the meeting (including proxies), as a % of the voteable
shares was 85%.
- The total number of shares present/represented at the meeting (including proxies) was 98,286,987.
- The percentage of shares voted is calculated in relation to the number of shares represented at the AGM.
Group Company Secretary
Ruwaida Eksteen
TYGERVALLEY, CAPE TOWN
30 May 2024
Sponsor: Investec Bank Limited
Debt sponsor: Rand Merchant Bank (a division of FirstRand Bank Limited)
Date: 30-05-2024 08:45:00
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