Remgro Limited: Report On Proceedings At The Annual General Meeting

At the 2024 annual general meeting (“AGM”) of the shareholders of Remgro held on Thursday, 28 November 2024 all the ordinary and special resolutions proposed were approved by the requisite majority of votes.
Remgro confirms the voting statistics from the AGM as follows:
Resolutions Votes cast are disclosed as a percentage of the total number of shares voted at the meeting.   Ordinary shares (“Ord”) B ordinary shares (“B Ord”) Number of shares voted   Ordinary shares (“Ord”) B ordinary shares (“B Ord”) Shares voted as per cent relation to issued share   Ordinary sha B ordinary Ord”) disclosed age in the total capital*   res (“Ord”) shares (“B Shares abstained disclosed as a percentage aofthe total issued share capital*   Ordinary shares (“Ord”) B ordinary shares (“B Ord”)
For Against      
Ordinary Resolution 99.98% Ord 0.02% Ord 361 288 956 Ord 68.27% Ord 0.91% Ord
Number 1 - Approval 100% B Ord 0% B Ord 39 056 987 B Ord 100% B Ord 0% B Ord
of annual financial            
statements            
Ordinary Resolution 99.99 Ord 0.01% Ord 361 454 047 Ord 68.30% Ord 0.88% Ord
Number 2 - 100% B Ord 0% B Ord 39 056 987 B Ord 100% B Ord 0% B Ord
Appointment of            
auditor            
Ordinary Resolution 90.74% Ord 9.26% Ord 361 454 747 Ord 68.30% Ord 0.88% Ord
Number 3 - Election of director, 100% B Ord 0% B Ord 39 056 987 B Ord 100% B Ord 0% B Ord
Mr J J Durand            
 
Ordinary Resolution Number 4 - Election of director, Mr J Malherbe 77.17% Ord 100% B Ord 22.83% Ord 0% B Ord 361 444 397 Ord 39 056 987 B Ord 68.30% Ord 100% B Ord 0.88% Ord 0% B Ord
Ordinary Resolution Number 5 - Election of director, Mr P J Neethling 81.77% Ord 100% B Ord 18.23% Ord 0% B Ord 361 453 747 Ord 39 056 987 B Ord 68.30% Ord 100% B Ord 0.88% Ord 0% B Ord
Ordinary Resolution Number 6 - Election of director, Mr F Robertson 47.00% Ord 100% B Ord 53.00% Ord 0% B Ord 356 739 723 Ord 39 056 987 B Ord 67.41% Ord 100% B Ord 1.77% Ord 0% B Ord
Ordinary Resolution Number 7 - Election of director, Mr A E Rupert 81.55% Ord 100% B Ord 18.45% Ord 0% B Ord 361 454 747 Ord 39 056 987 B Ord 68.30% Ord 100% B Ord 0.88% Ord 0% B Ord
Ordinary Resolution Number 8 – Appointment of alternate director, Mr C P F Vosloo 99.88% Ord 100% B Ord 0.12% Ord 0% B Ord 361 433 022 Ord 39 056 987 B Ord 68.30% Ord 100% B Ord 0.88% Ord 0% B Ord
Ordinary Resolution Number 9 - Election of member of the Audit and Risk Committee, Ms S E N De Bruyn 93.16% Ord 100% B Ord 6.84% Ord 0% B Ord 356 739 413 Ord 39 056 987 B Ord 67.41% Ord 100% B Ord 1.77% Ord 0% B Ord
Ordinary Resolution Number 10 - Election of member of the Audit and Risk Committee, Mr G G Nieuwoudt 98.83% Ord 100% B Ord 1.17% Ord 0% B Ord 356 739 413 Ord 39 056 987 B Ord 67.41% Ord 100% B Ord 1.77% Ord 0% B Ord
 
Ordinary Resolution Number 11 - Election of member of the Audit and Risk Committee, Mr K S Rantloane 99.99% Ord 100% B Ord 0.01% Ord 0% B Ord 356 739 413 Ord 39 056 987 B Ord 67.41% Ord 100% B Ord 1.77% Ord 0% B Ord
Ordinary Resolution Number 12 – General authority to place 5% of the unissued ordinary shares under the control of the directors 71.38% Ord 100% B Ord 28.62% Ord 0% B Ord 361 454 747 Ord 39 056 987 B Ord 68.30% Ord 100% B Ord 0.88% Ord 0% B Ord
Ordinary Resolution Number 13 – Non-binding advisory vote on Remuneration Policy 88.11% Ord 100% B Ord 11.89% Ord 0% B Ord 361 446 557 Ord 39 056 987 B Ord 68.30% Ord 100% B Ord 0.88% Ord 0% B Ord
Ordinary Resolution Number 14 – Non- binding advisory vote on Remuneration Implementation Report 66.04% Ord 100% B Ord 33.96% Ord 0% B Ord 361 446 557 Ord 39 056 987 B Ord 68.30% Ord 100% B Ord 0.88% Ord 0% B Ord
Ordinary Resolution Number 15 – Amendments to the rules of the Remgro Limited Conditional Share Plan 99.67% Ord 100% B Ord 0.33% Ord 0% B Ord 361 450 977 Ord 39 056 987 B Ord 68.30% Ord 100% B Ord 0.88% Ord 0% B Ord
Ordinary Resolution Number 16 – Amendments to the rules of the Remgro Limited Share Appreciation Rights Plan 99.68% Ord 100% B Ord 0.32% Ord 0% B Ord 361 450 977 Ord 39 056 987 B Ord 68.30% Ord 100% B Ord 0.88% Ord 0% B Ord
 
Special Resolution Number 1 - Approval of Directors remuneration 95.57% Ord 100% B Ord 4.43% Ord 0% B Ord 361 447 407Ord 39 056 987 B Ord 68.30% Ord 100% B Ord 0.88% Ord 0% B Ord
Special Resolution Number 2 - General authority to repurchase shares 98.46% Ord 0% B Ord 1.54% Ord 0% B Ord 361 434 912 Ord 39 056 987 B Ord 68.30% Ord 0% B Ord 0.88% Ord 100% B Ord
Special Resolution Number 3 - General authority to provide financial assistance for the subscription and/or purchase of securities in the Company or in related or inter- related companies 98.50% Ord 100% B Ord 1.50% Ord 0% B Ord 361 033 252 Ord 39 056 987 B Ord 68.22% Ord 100% B Ord 0.96% Ord 0% B Ord
Special Resolution Number 4 - General authority to provide financial assistance to related and inter-related companies and corporations 99.97% Ord 100% B Ord 0.03% Ord 0% B Ord 361 033 252 Ord 39 056 987 B Ord 68.22% Ord 100% B Ord 0.96% Ord 0% B Ord
*Total issued share capital is 529 217 007 ordinary shares with total voteable shares, excluding Treasury shares, being 516 008 842 ordinary shares and 39 056 987 B ordinary shares.
Remuneration Policy
The Company’s 2024 Remuneration Policy as published in the Integrated Annual Report (IAR) and tabled at the AGM was approved. Shareholders are reminded that the Company indicated in its IAR that it is still in the process of developing suitable performance targets for the new performance measures for the 2024 Conditional Share Plan awards.
Remuneration Implementation Report
Shareholders are advised that Remgro wishes to engage its shareholders on the Company’s Remuneration Implementation Report to better understand the reasons why shareholders voted against the Remuneration Implementation Report and to enable the Remuneration and Nomination Committee to consider these concerns on behalf of the Board of the Company
Shareholders are invited to engage with Remgro, in line with the recommendations of the King IV Report on Corporate Governance for South Africa, 2016 and paragraph 3.84(j)of the JSE Limited Listings Requirements, as follows:
·       to attend virtual engagement sessions, to be hosted via a Teams video facility;
· Shareholders wishing to participate in these sessions are requested to please register their interest by emailing the Company Secretary, ljoubert@remgro.com, by no later than the close of business on 5 December 2024. Once registered, shareholders will be emailed a meeting request for the Teams session; and
·       to submit any concerns, questions or recommendations on the Remuneration Implementation Report to the Company Secretary by email to ljoubert@remgro.com, by close of business on 9 December 2024.
For the full document click the link below:
Remgro Limited
Stay ahead of the curve! Subscribe to InsidEntity for daily updates on all your favourite companies.
Back to All Announcements