AGM

The AGM was held at 2pm on Wednesday 2 May 2018, at Astrotech Conference Venue, Parktown in Johannesburg.

Metair shareholders (“Shareholders”) are advised that at the annual general meeting (“AGM”) of  Shareholders held on Wednesday, 2 May 2018, all the ordinary and special resolutions, as set out in the notice of AGM dated Wednesday, 14 March 2018, were approved by the requisite majority of Shareholders present or represented by proxy.

All resolutions proposed at the AGM, together with the percentage of shares abstained, as well as the percentage of votes carried for and against each resolution, are as follows:

Ordinary resolution number 1: Re-election of Mr SG Pretorius as a director

Shares Voted

 170 876 969

(85.87%)

Abstained

0.50%

For

96.34%

Against

3.66%

Ordinary resolution number 2: Re-election of Mr JG Best as a director

Shares Voted

169 929 080

(85.40%)

Abstained

0.98%

For

99.35%

Against

0.65%

Ordinary resolution number 3: Re-election of Ms TN Mgoduso as a director

Shares Voted

170 876 969

(85.87%)

Abstained

0.50%

For

99.45%

Against

0.55%

Ordinary resolution number 4: Re-election of Ms PPJ Derby as a director

Shares Voted

170 876 969

(85.87%)

Abstained

0.50%

For

96.01%

Against

3.99%

Ordinary resolution number 5: Appointment of Mr B Mawasha as a director

Shares Voted

170 876 969

(85.87%)

Abstained

0.50%

For

100.00%

Against

0.00%

Ordinary resolution number 6: Re-appointment of independent auditors

Shares Voted

171 847 436

(86.36%)

Abstained

0.01%

For

91.65%

Against

8.35%

Ordinary resolution number 7: Election of audit and risk Committee (the “Committee”) members

Ordinary resolution number 7(a): Mr JG Best as chairman of the Committee

Shares Voted

169 934 804

(85.40%)

Abstained

0.97%

For

97.17%

Against

2.83%

Ordinary resolution number 7(b): Ms HG Motau as a member of the Committee

Shares Voted

170 879 469

 (85.88%)

Abstained

0.50%

For

100.00%

Against

0.00%

Ordinary resolution number 7(c): Mr B Mawasha as a member of the Committee

Shares Voted

170 879 469

(85.88%)

Abstained

0.50%

For

100.00%

Against

0.00%

Ordinary resolution number 8(a): Approval of the Company´s remuneration policy

Shares Voted

171 846 864

(86.36%)

Abstained

0.01%

For

80.18%

Against

19.82%

Ordinary resolution number 8(b): Approval of the Company´s remuneration implementation report

Shares Voted

171 847 436

(86.36%)

Abstained

0.01%

For

79.44%

Against

20.56%

Special resolution number 1: Approval of the non-executive directors´ remuneration

Shares Voted

169 931 008

(85.40%)

Abstained

0.98%

For

100.00%

Against

0.00%

Special resolution number 2: Provision of financial assistance in terms of section 45 of the Companies Act No. 71 of 2008, as amended (“Companies Act”)

Shares Voted

161 052 125

(80.94%)

Abstained

5.44%

For

100.00%

Against

0.00%

Special resolution number 3: Provision of financial assistance in terms of section 44 of the Companies Act

Shares Voted

161 052 125

(80.94%)

Abstained

5.44%

For

100.00%

Against

0.00%

Special resolution number 4: General authority to repurchase the Company´s securities

Shares Voted

171 828 999

 (86.35%)

Abstained

0.02%

For

100.00%

Against

0.00%

Notes

  • Percentages of shares voted are calculated in relation to the total issued share capital of Metair.
  • Percentages of shares voted for and against each resolution are calculated in relation to the total number of shares voted in respect of such resolution.
  • Abstentions are calculated as a percentage in relation to the total issued share capital of Metair.