Ordinary shares: | |
---|---|
Total number of issued ordinary shares: | 548 766 976 |
Total number of issued ordinary shares net of treasury shares: | 548 766 976 |
Total Votable Ordinary Shares | 548 766 976 |
The meeting was well attended by 414 135 733 ADvTECH shares, representing 75.47% of the total ordinary issued share capital of ADvTECH, voting in person or by proxy.
The resolutions proposed at the AGM, together with the percentage of shares abstained (as a percentage of total issued share capital of the Company), as well as the percentage of votes carried for and against each resolution (as a percentage of shares voted), are as follows:
1. Ordinary resolution number 1: Adoption of the annual financial statements
FOR | AGAINST | ABSTAIN |
---|---|---|
413 280 044 | 7 527 | 568 469 |
99.9982% | 0.0018% | 0.1036% |
2. Ordinary resolution number 2: Appointment of Ms KM Gugushe as a non-executive director
FOR | AGAINST | ABSTAIN |
---|---|---|
349 535 395 | 7 070 544 | 57 250 101 |
98.0173% | 1.9827% | 10.4325% |
3. Ordinary resolution number 3: Re-election of Mr CH Boulle as a non-executive director
FOR | AGAINST | ABSTAIN |
---|---|---|
406 371 508 | 19 376 | 7 465 156 |
99.9952% | 0.0048% | 1.3604% |
4. Ordinary resolution number 4 : Resolution withdrawn
5. Ordinary resolution number 5 : Resolution withdrawn
6. Ordinary resolution number 6: Re-election of Dr JM Hofmeyr as a non-executive director
FOR | AGAINST | ABSTAIN |
---|---|---|
396 311 897 | 17 012 206 | 531 937 |
95.8841% | 4.1159% | 0.0969% |
7. Ordinary resolution number 7: Re-election of Mr KDM Warburton as a member and chairman of the audit committee
FOR | AGAINST | ABSTAIN |
---|---|---|
406 371 508 | 19 259 | 7 465 273 |
99.9953% | 0.0047% | 1.3604% |
8. Ordinary resolution number 8: Re-election of Dr JS Chimhanzi as a member of the audit committee
FOR | AGAINST | ABSTAIN |
---|---|---|
390 794 671 | 15 596 213 | 7 465 156 |
96.1623% | 3.8377% | 1.3604% |
9. Ordinary resolution number 9: Election of Ms KM Gugushe as a member of the audit committee
FOR | AGAINST | ABSTAIN |
---|---|---|
350 763 096 | 7 070 544 | 56 022 400 |
98.0241% | 1.9759% | 10.2088% |
10. Ordinary resolution number 10: Appointment of external auditors
FOR | AGAINST | ABSTAIN |
---|---|---|
389 420 942 | 23 907 940 | 527 158 |
94.2158% | 5.7842% | 0.0961% |
11. Ordinary resolution number 11: Issuing shares for cash
FOR | AGAINST | ABSTAIN |
---|---|---|
343 444 375 | 62 945 926 | 7 465 739 |
84.5110% | 15.4890% | 1.3605% |
12. Ordinary resolution number 12: Signature of documents
FOR | AGAINST | ABSTAIN |
---|---|---|
413 316 244 | 10 459 | 529 337 |
99.9975% | 0.0025% | 0.0965% |
13. Non-binding advisory vote number 1 – Remuneration policy
FOR | AGAINST | ABSTAIN |
---|---|---|
238 127 336 | 175 208 413 | 520 291 |
57.6111% | 42.3889% | 0.0948% |
14. Non-binding advisory vote number 2 – Implementation policy
FOR | AGAINST | ABSTAIN |
---|---|---|
311 855 711 | 70 108 756 | 31 891 573 |
81.6452% | 18.3548% | 5.8115% |
15. Special resolution number 1: Approval of non-executive directors’ fees
FOR | AGAINST | ABSTAIN |
---|---|---|
380 615 913 | 24 709 982 | 8 530 145 |
93.9037% | 6.0963% | 1.5544% |
16. Special resolution number 2: Authority to make loans or give financial assistance to subsidiaries and related or inter-related companies
FOR | AGAINST | ABSTAIN |
---|---|---|
411 054 142 | 2 281 010 | 520 888 |
99.4481% | 0.5519% | 0.0949% |
17. Special resolution number 3: General authority for the acquisition of shares issued by the Company
FOR | AGAINST | ABSTAIN |
---|---|---|
413 313 073 | 22 079 | 520 888 |
99.9947% | 0.0053% | 0.0949% |
The voting results and the nature and steps taken to address the objections raised by shareholders on the remuneration policy will further be disclosed in the next annual integrated report.
The Board believes that the remuneration policy is essential as the Group seeks to entrench a culture of high performance by aligning the remuneration philosophy with the business objectives, values and strategy.
29 May 2020
Johannesburg
Sponsor: Bridge Capital Advisors Proprietary Limited