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MSM: MASSMART HOLDINGS LIMITED - Results Of 2021 Annual General Meeting

Date: 2021/05/21

MSM: MASSMART HOLDINGS LIMITED - Results of 2021 Annual General Meeting
Results of 2021 Annual General Meeting


Massmart Holdings Limited
(Incorporated in the Republic of South Africa)
Company registration No. 1940/014066/06
JSE Code: MSM
ISIN: ZAE 000152617
("Massmart" or the "Company")

RESULTS OF 2021 ANNUAL GENERAL MEETING

Shareholders are advised that at the Massmart Annual General Meeting held on Thursday, 20 May 2021 at 12h00
("Annual General Meeting"), the shareholders passed all the ordinary and special resolutions, as set out in the
notice of Annual General Meeting dated 8 April 2021, by the requisite majority of votes of shareholders present in
person or represented by proxy.

The total number of shares present/represented, including proxies, at the Annual General Meeting was 89,24% of
Massmart´s issued share capital as at Friday, 14 May 2021, being the Voting Record Date.

The voting results were as follows:

                                                                                                    SHARES
                                                            TOTAL SHARES VOTED
                                                                                                   ABSTAINED
                                                   FOR      AGAINST
                                                                          NUMBER          %*            %**
 RESOLUTION                                        (%)        (%)
 Ordinary resolution number 1
 Re-election of Mr John Peter Suarez to the       98,71        1,29      195566279      89,24%        0,020%
 Board of Directors
 Ordinary resolution number 2
 Re-election of Mr Charles Redfield to the        99,96        0,04      195566279      89,24%        0,020%
 Board of Directors
 Ordinary resolution number 3
 Re-election of Mr Olufunke Ighodaro to the       99,96        0,04      195566279      89,24%        0,020%
 Board of Directors
 Ordinary resolution number 4
 Election of Ernst & Young Inc. as the            99,97        0,03      195566279      89,24%        0,020%
 Company´s auditors (with Mr Roger Hillen as
 audit partner)
 Ordinary resolution number 5
 Appointment of the Audit Committee
 members:
 5.1 Ms Olufunke Ighodaro (Chairman)              99,95        0,05      195566279      89,24%        0,020%
 5.2 Ms Lindiwe Mthimunye                         99,96        0,04      195566279      89,24%        0,020%
 5,3 Dr Nolulamo (Lulu) Gwagwa                    89,14       10,86      195566279      89,24%        0,020%
 Ordinary resolution number 6
 Authorisation for the Directors to issue         90,74        9,26      195566176      89,24%        0,020%
 ordinary shares for cash, not exceeding 5% of
 the shares in issue
  Non-binding Advisory resolutions

  Ordinary resolution number 7
                                                    90,86    9,14      195481002     89,20%       0,059%
  Approval of the remuneration policy
  Ordinary resolution number 8

  Approval of the remuneration implementation       85,23    14,77     195481002     89,20%       0,059%
  report
  Special resolution number 1
   Authorisation for the Company and/or its         97,82    2,18      195566352     89,24%        0,02%
  subsidiaries to repurchase its own shares
  Special resolution number 2
  Approval   of  Non-Executive    Directors´
  remuneration
  2.1 Chairman of the Board                         98,80    1,2       195560701     89,24%       0,023%
  2.2 Deputy Chairman of the Board                  98,79    1,21      195560701     89,24%       0,023%
  2.3 Independent non-Executive Directors           99,79    0,21      195560701     89,24%       0,023%
  2.4 Audit Committee Chairman                      99,79    0,21      195560701     89,24%       0,023%
  2.5 Risk Committee Chairman                       99,79    0,21      195560701     89,24%       0,023%
  2.6 Remuneration Committee Chairman               99,79    0,21      195560701     89,24%       0,023%
  2.7 Nomination and Social and Ethics
                                                    99,79    0,21      195560701     89,24%       0,023%
      Committee Chairmen
  2.8 Audit Committee Member                        99,79    0,21      195560701     89,24%       0,023%
  2.9 Other Board Committee Members                 99,79    0,21      195560701     89,24%       0,023%
  Special resolution number 3
  Authorisation to provide financial assistance     97,43    2,57      195566276     89,24%       0,020%
  pursuant to section 45 of the Act

*Expressed as a percentage of a total of 219,138,809 Massmart ordinary shares in issue as at the Voting Record
Date.


Johannesburg
21 May 2021


Sponsor
J.P. Morgan Equities South Africa Proprietary Limited

Date: 21-05-2021 09:00:00
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