SPP 201702070020A
Results of annual general meeting
THE SPAR GROUP LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1967/001572/06)
JSE Code: SPP
ISIN: ZAE000058517
(“SPAR” or the “Company”)
RESULTS OF ANNUAL GENERAL MEETING
SPAR shareholders (“Shareholders”) are advised that at the annual general meeting (“AGM”) of
Shareholders held on Tuesday, 7 February 2017, the ordinary and special resolutions, as set out in the
notice of AGM dated Thursday, 22 December 2016, 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 Business
1. Re-election of non-executive directors
Ordinary resolution number 1.1: Re-election of Prof MP Madi
Shares Voted Abstained For Against
145 453 050 0.35% 99.55% 0.45%
75.52%
Ordinary resolution number 1.2: Re-election of Mr HK Mehta
Shares Voted Abstained For Against
145 453 050 0.35% 98.14% 1.86%
75.52%
2. Ordinary resolution number 2: Re-appointment of Deloitte & Touche as auditor and
Mr G Kruger as designated auditor
Shares Voted Abstained For Against
128 280 154 9.27% 64.07% 35.93%
66.60%
3. Appointment of members of the Audit Committee
Ordinary resolution number 3.1: Appointment of Mr CF Wells
Shares Voted Abstained For Against
144 333 463 0.94% 87.55% 12.45%
74.94%
Ordinary resolution number 3.2: Appointment of Mr HK Mehta
Shares Voted Abstained For Against
145 452 050 0.35% 91.01% 8.99%
75.52%
Ordinary resolution number 3.3: Appointment of Ms M Mashologu
Shares Voted Abstained For Against
145 452 050 0.35% 91.71% 8.29%
75.52%
4. Ordinary resolution number 4: Authority to issue shares for the purpose of share options
Shares Voted Abstained For Against
145 453 290 0.35% 96.96% 3.04%
75.52%
5. Ordinary resolution number 5: Authority to issue shares for the purpose of The SPAR Group
Limited Conditional Share Plan
Shares Voted Abstained For Against
145 452 785 0.35% 96.91% 3.09%
75.52%
Special Business
1. Special resolution number 1: Amendment of the Company’s memorandum of incorporation
(removal of preference shares from the authorised share capital)
Shares Voted Abstained For Against
145 452 350 0.35% 99.77% 0.23%
75.52%
2. Special resolution number 2: Financial assistance to related or inter-related companies
Shares Voted Abstained For Against
145 452 125 0.35% 95.37% 4.63%
75.52%
3. Special resolution number 3: Non-executive directors’ fees
Shares Voted Abstained For Against
145 450 275 0.36% 100.00% 0.00%
75.52%
Non-binding advisory vote: Non-binding advisory vote on the remuneration policy
Shares Voted Abstained For Against
140 303 791 3.03% 94.49% 5.51%
72.85%
Notes:
- Percentages of shares voted are calculated in relation to the total issued share capital of SPAR.
- Percentage 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 SPAR.
Pinetown
7 February 2017
Sponsor
One Capital
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