Blue Label Telecoms Limited: Results Of Annual General Meeting

Shareholders are advised of the results of Blue Label’s Annual General Meeting of shareholders held entirely via electronic communication at 10:00 on Thursday, 28 November 2024. The resolutions proposed at the meeting, together with the percentage of shares abstained, as well as the percentage of votes carried for and against each resolution, are set out below:
  · Total number of shares that could be exercised at the meeting (shares in issue) * 100% 913 655 873  
  · Total number of shares present/, represented including proxies at the meeting as % of votable shares # 84% 768 043 027  
  · Total number of shares present/, represented including proxies at the meeting as % of issued shares 84% 768 043 027  
  · Total number of members present in person -   57  
  Issued Shares 100% 913 655 873  
      Resolution % of votes carried for the resolution #   % of votes against the resolution #   Number of shares voted % of shares voted (as a % of total issued shares*) % of shares abstained (as a % of total issued shares*)
  Ordinary resolution number 1: Re-election of Mr MS Levy as a Director of the Company 98.90% 1.10% 767,935,954 84.05% 0.01%
  Ordinary resolution number 2: Re-election of Mr DA Suntup as a Director of the Company 99.97% 0.03% 767,935,954 84.05% 0.01%
  Ordinary resolution number 3: Re-election of Mr SJ Vilakazi as a Director of the Company 65.57% 34.43% 767,935,954 84.05% 0.01%
  Ordinary resolution number 4: Reappointment of external auditor 99.99% 0.01% 689,252,969 75.44% 8.62%
  Ordinary resolution number 5: Election of Ms NP Mnxasana as a member of the Audit, Risk and Compliance Committee 99.99% 0.01% 767,935,954 84.05% 0.01%
  Ordinary resolution number 6: Election of Mr JS Mthimunye as a member and Chairman of the Audit, Risk and Compliance Committee 81.12% 18.88% 767,935,954 84.05% 0.01%
  Ordinary resolution number 7: Election of Ms LE Mthimunye as a member of the Audit, Risk and Compliance Committee 99.99% 0.01% 767,935,954 84.05% 0.01%
  Ordinary resolution number 8: Election of Mr SJ Vilakazi as a member of the Audit, Risk and Compliance Committee 65.44% 34.56% 767,935,954 84.05% 0.01%
Ordinary resolution number 9: Non-binding advisory endorsement of the remuneration and reward policy 58.03% 41.97% 767,935,954 84.05% 0.01%  
Ordinary resolution number 10: Non-binding advisory endorsement of the remuneration implementation report 58.03% 41.97% 767,935,954 84.05% 0.01%  
Ordinary resolution number 11: Directors’ authority to implement ordinary and special resolutions 99.99% 0.01% 767,935,954 84.05% 0.01%  
Special resolution number 1: Non-Executive Directors’ remuneration 87.49% 12.51% 767,935,954 84.05% 0.01%  
Special resolution number 2: General authority to repurchase shares 99.72% 0.28% 767,935,954 84.05% 0.01%  
Special resolution number 3: Financial assistance in terms of sections 44 and 45 of the Act 97.76% 2.24% 767,935,954 84.05% 0.01%  
Given that a 75% majority of votes was not achieved in respect of Non-binding Advisory Resolutions, namely ordinary resolutions 9 and 10, shareholders are further invited to engage the Company by forwarding written submissions on the Remuneration Policy and Remuneration Implementation Report to the Group Company Secretary by email at janinev@blts.co.za by the close of business on 1 December 2024.
For the full document click the link below:
Blue Label Telecoms Limited
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