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RESULTS OF THE ANNUAL GENERAL MEETING
WE BUY CARS HOLDINGS LIMITED
Incorporated in the Republic of South Africa
Registration number 2020/632225/06
JSE Share code: WBC
ISIN: ZAE000332789
("WeBuyCars" or "the Company")
RESULTS OF THE ANNUAL GENERAL MEETING
Shareholders of the Company are advised that at the Annual General Meeting ("AGM") of shareholders held
on Wednesday, 19 February 2025, all of the resolutions tabled were passed by the requisite majority of votes
cast by shareholders represented in person or by proxy, with the exception of ordinary resolution number 7
which was withdrawn.
The total number of voteable shares represented in person or by proxy at the AGM was 351,649,115 ordinary
shares, representing 84.26% of the Company's issued share capital of 417,312,804 ordinary shares as at
Friday, 14 February 2025, being the record date for shareholders to attend, participate and vote at the AGM
("Record Date").
The results of the AGM are as follows:
Resolutions as set out Votes cast disclosed as a Number of Shares Shares
in the notice of the percentage in relation to shares voted abstained
AGM the total number of shares voted disclosed disclosed
voted at the meeting as a as a
percentage percentage
in relation in relation
to the total to the total
issued issued
shares shares
(note 1) (note 1)
For Against
Ordinary resolution 100% 0% 351,606,670 84.25% 0.01%
number 1: Re-
appointment of auditor
Ordinary resolution 100% 0% 351,606,670 84.25% 0.01%
number 2.1: Re-election
of Mr MP Mendelowitz as
a director
Ordinary resolution 100% 0% 351,606,670 84.25% 0.01%
number 2.2: Re-election
of Ms S Totaram as a
director
Ordinary resolution 100% 0% 351,606,670 84.25% 0.01%
number 3.1: Re-
appointment of Ms S
Totaram as an Audit and
Risk Committee member
Ordinary resolution 100% 0% 351,606,670 84.25% 0.01%
number 3.2: Re-
appointment of Ms B
Mathews as an Audit and
Risk Committee member
Ordinary resolution 100% 0% 351,606,670 84.25% 0.01%
number 3.3: Re-
appointment of Mr NAS
Kruger as an Audit and
Risk Committee member
Ordinary resolution 100% 0% 351,606,670 84.25% 0.01%
number 3.4: Re-
appointment of Mr WT
Roos as an Audit and
Risk Committee member
Ordinary resolution 100% 0% 351,606,670 84.25% 0.01%
number 4.1: Re-
appointment of Ms B
Mathews as a Social and
Ethics Committee member
Ordinary resolution 99.98% 0.02% 351,606,670 84.25% 0.01%
number 4.2: Re-
appointment of Mr JA
Holtzhausen as a Social
and Ethics Committee
member
Ordinary resolution 100% 0% 351,606,670 84.25% 0.01%
number 4.3: Re-
appointment of Mr WT
Roos as a Social and
Ethics Committee member
Ordinary resolution 100% 0% 351,606,670 84.25% 0.01%
number 4.4: Re-
appointment of Mr ASS
van der Walt as a Social
and Ethics Committee
member
Ordinary resolution 95.48% 4.52% 351,602,670 84.25% 0.01%
number 5: Non-binding
advisory endorsement
of the Company's
Remuneration Policy
Ordinary resolution 95.49% 4.51% 351,602,670 84.25% 0.01%
number 6: Non-binding
advisory endorsement of
the Company's
Remuneration
Implementation Report
Ordinary resolution 100% 0% 351,606,670 84.25% 0.01%
number 8: Authority to
implement resolutions
passed at the AGM
Special resolution 99.89% 0.11% 351,603,670 84.25% 0.01%
number 1: Approval of
non-executive directors'
fees
Special resolution 100% 0% 351,606,670 84.25% 0.01%
number 2: Financial
assistance in terms of
sections 44 and 45 of
the Companies Act
Special resolution 100% 0% 351,605,433 84.25% 0.01%
number 3: Financial
assistance for the
subscription and/or
purchase of shares in
the company or a
related or inter-
related company
Special resolution 100% 0% 351,606,670 84.25% 0.01%
number 4: General
authority to repurchase
company shares
Note 1: Expressed as a percentage of a total of the Company's issued share capital of 417,312,804 ordinary
shares as at the Record Date.
Centurion
19 February 2025
Joint Sponsors to WeBuyCars
PSG Capital Pallidus Exchange Services
Date: 19-02-2025 03:00:00
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