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Results of Extraordinary General Meeting
MAS P.L.C.
Registered in Malta
Registration number C 99355
JSE share code: MSP
ISIN: VGG5884M1041
LEI code: 213800T1TZPGQ7HS4Q13
("MAS" or the "Company")
RESULTS OF EXTRAORDINARY GENERAL MEETING
RESULTS OF EXTRAORDINARY GENERAL MEETING ("EGM")
Unless the context dictates otherwise, capitalised terms in this announcement have the same meanings assigned to
them in the EGM notice of 22 July 2025.
Shareholders are referred to the announcement released on SENS on 21 August 2025, wherein shareholders were
advised that Ordinary Resolutions Number 4 – 7 ("Withdrawn Resolutions") would be withdrawn at the EGM.
Accordingly, shareholders are advised that at the EGM held today, Wednesday, 27 August 2025, the Withdrawn
Resolutions were formally withdrawn and were not put to a vote at the EGM. Save for Ordinary Resolution Number 11
which was passed, all the other resolutions tabled at the EGM were not passed by the requisite majority of votes.
As previously communicated, regardless of the outcome of the votes at the EGM, the Board continues to be committed,
and intends, to address the matters raised in the Notice of Request. The Board will furthermore continue its efforts to
identify suitable candidates (including those proposed by the Board for appointment at the EGM held today) for
nomination and election as additional INEDs, and the Board will continue its engagements with shareholders in this
regard.
The total number of MAS shares in issue as at the record date of the EGM was 716,145,729, of which 16,586,906 shares
are held as treasury shares and were not voted on any of the resolutions.
Shareholders holding 602,573,740 (84.14%) of the shares in issue at the record date were present or represented at
the EGM.
The results of voting at the EGM are set out in detail below:
Ordinary Resolutions
Ordinary Resolution Number 1 (Advisory): To authorise the Board to establish a Board Committee with the authority to
respond by SENS announcements to the queries and matters raised in the Notice of Request for the EGM dated 8 July
2025 in terms of Article 12.2 of the Articles of MAS and to make such further disclosures as meet in full the disclosure
obligations of MAS and best practice for a JSE-listed public company in the applicable circumstances.
Shares voted For Against Abstentions
602,262,749 (86.09%)* 223,334,097 (37.08%) 378,928,652 (62.92%) 310,991 (0.04%)^
Ordinary Resolution Number 2: To remove Mr Mihail Vasilescu as a director of the Company.
Shares voted For Against Abstentions
602,398,433 (86.11%)* 222,924,727 (37.01%) 379,473,706 (62.99%) 175,307 (0.03%)^
Ordinary Resolution Number 3: To remove Mr Dan Pascariu as a director of the Company.
Shares voted For Against Abstentions
602,398,433 (86.11%)* 222,492,985 (36.93%) 379,905,164 (63.07%) 175,591 (0.03%)^
Ordinary Resolution Number 4: To appoint, subject to the approval of Ordinary Resolution Number 5, Ordinary
Resolution Number 6 and Ordinary Resolution Number 7, Mr Des de Beer as a director of the Company.
Withdrawn.
Ordinary Resolution Number 5: To appoint, subject to the approval of Ordinary Resolution Number 4, Ordinary
Resolution Number 6 and Ordinary Resolution Number 7, Mr Robert Emslie as a director of the Company.
Withdrawn.
Ordinary Resolution Number 6: To appoint, subject to the approval of Ordinary Resolution Number 4, Ordinary
Resolution Number 5 and Ordinary Resolution Number 7, Mr Sundeep Naran as a director of the Company.
Withdrawn.
Ordinary Resolution Number 7: To appoint, subject to the approval of Ordinary Resolution Number 4, Ordinary
Resolution Number 5 and Ordinary Resolution Number 6, Mr Stephen Delport as a director of the Company.
Withdrawn.
Ordinary Resolution Number 8: To appoint Mr Darryl Mayers as a director of the Company.
Shares voted For Against Abstentions
598,575,429 (85.56%)* 228,561,185 (38.18%) 370,014,244 (61.82%) 3,998,311 (0.57%)^
Ordinary Resolution Number 9: To appoint Mr Jamie Lyon as a director of the Company.
Shares voted For Against Abstentions
598,575,429 (85.56%)* 193,343,652 (32.30%) 405,231,777 (67.70%) 3,998,311 (0.57%)^
Ordinary Resolution Number 10: To appoint Mr Taco Tammo Johannes de Groot as a director of the Company.
Shares voted For Against Abstentions
598,575,429 (85.56%)* 193,343,652 (32.30%) 405,231,777(67.70%) 3,998,311 (0.57%)^
Ordinary Resolution Number 11: To confirm the appointment of Mr Bogdan Oslobeanu as a director of the Company.
Shares voted For Against Abstentions
602,238,290 (86.09%)* 591,558,598 (98.23%) 10,679,692 (1.77%) 335,450(0.05%)^
* Shares voted (excluding abstentions) in relation to total shares in issue, excluding treasury shares.
^ Abstentions in relation to total shares in issue, excluding treasury shares.
27 August 2025
For further information please contact:
Irina Grigore, MAS P.L.C. +356 27 66 36 91
Valeo Capital, JSE Sponsor +27 21 851 0091
Investec Bank Limited, Corporate Advisor +27 11 291 3269
Webber Wentzel, Legal Advisor
Date: 27-08-2025 04:20:00
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