AGM

The AGM was held at 2pm on Thursday 4 May 2017, at Astrotech Conference Venue, Parktown in Johannesburg.

Metair Investments Limited

(Incorporated in the Republic of South Africa)

Registration number: 1948/031013/06

JSE share code: MTA

ISIN: ZAE000090692

(“Metair” or the “Company”)


RESULTS OF ANNUAL GENERAL MEETING


Metair shareholders (“Shareholders“) are advised that at the annual general meeting (“AGM”) of Shareholders held on Thursday, 4 May 2017, all the ordinary and special resolutions, as set out in the notice of AGM dated Wednesday, 22 March 2017, 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 RS Broadley as a director

Shares Voted

149 154 499

(74.96%)

Abstained

13.83%

For

97.86%

Against

2.14%

Ordinary resolution number 2: Re-election of Mr L Soanes as a director

Shares Voted

149 154 499

(74.96%)

Abstained

13.83%

For

97.63%

Against

2.37%

Ordinary resolution number 3: Re-election of Ms HG Motau as a director

Shares Voted

176 628 588

(88.76%)

Abstained

0.02%

For

100.00%

Against

0.00%

Ordinary resolution number 4: Re-appointment of independent auditors

Shares Voted

176 628 588

(88.76%)

Abstained

0.02%

For

89.78%

Against

10.22%

Ordinary resolution number 5: Election of Audit and Risk Committee (the “Committee”) members

Ordinary resolution number 5(a): Mr JG Best as chairman of the Committee

Shares Voted

176 628 588

(88.76%)

Abstained

0.02%

For

100.00%

Against

0.00%

Ordinary resolution number 5(b): Mr L Soanes as a member of the Committee

Shares Voted

176 628 588

(88.76%)

Abstained

0.02%

For

89.59%

Against

10.41%

Ordinary resolution number 5(c): Ms HG Motau as a member of the Committee

Shares Voted

176 628 588

(88.76%)

Abstained

0.02%

For

100.00%

Against

0.00%

Ordinary resolution number 6(a): Approval of the Company’s remuneration approach

Shares Voted

176 626 416

(88.76%)

Abstained

0.02%

For

75.64%

Against

24.36%

Ordinary resolution number 6(b): Approval of the Company’s remuneration policy

Shares Voted

164 676 638

(82.76%)

Abstained

6.03%

For

94.27%

Against

5.73%

Ordinary resolution number 6(c): Approval of the Company’s 2016 executive remuneration

Shares Voted

176 626 416

(88.76%)

Abstained

0.02%

For

78.92%

Against

21.08%

Ordinary resolution number 6(d): Approval of the Company’s CEO’s retention bonus share award

Shares Voted

163 755 604

(82.30%)

Abstained

6.49%

For

64.53%

Against

35.47%

Ordinary resolution number 6(e): Approval of the Company’s executives’ Long Term Incentive Plan share awards

Shares Voted

176 627 016

(88.76%)

Abstained

0.02%

For

79.99%

Against

20.01%

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

Shares Voted

176 627 016

(88.76%)

Abstained

0.02%

For

100.00%

Against

0.00%

Special resolution number 2*: Provision of financial assistance

Shares Voted

176 627 416

(88.76%)

Abstained

0.02%

For

100.00%

Against

0.00%

*As amended in terms of the announcement published on SENS on 19 April 2017.

Special resolution number 3: General authority to repurchase the Company’s securities

Shares Voted

176 628 016

(88.76%)

Abstained

0.02%

For

97.14%

Against

2.86%

Notes

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

Johannesburg
4 May 2017
Sponsor
One Capital