TKG - Telkom SA Limited - Results of Annual General Meeting
TKG
TKG
TKG - Telkom SA Limited - Results of Annual General Meeting
Telkom SA Limited
(Registration Number 1991/005476/06)
ISIN ZAE000044897
JSE Share Code TKG
("Telkom" or "the Company")
Telkom SA Limited (TKG) Results of Annual General Meeting
Shareholders are advised that at the nineteenth annual general meeting of
Telkom SA held on 30 August 2011, ordinary and special resolutions as set
out in the notice of the annual general meeting were passed by the
requisite majorities, except ordinary resolutions numbers 9 and 11 relating
to the adoption of the employee share plans, and the authority of directors
to issue shares for cash which were withdrawn at the meeting.
After the posting of the notice of the meeting Telkom received a number of
divergent views and inputs from shareholders regarding the share plans; and
had also expressed reservations regarding the extension of a general
authority to the Board of Directors of the company to issue shares for
cash. Telkom needs to further refine and align the views of shareholders
with the aforementioned resolutions.
Shareholders are further advised that Mr Peter Joubert, who in terms of the
company`s memorandum of incorporation was due for retirement, but being
also eligible for re-election, had indicated that he was not available for
re-election, and has retired as a director with effect from 30 August 2011.
On behalf of shareholders, Telkom employees and stakeholders, the Board
expresses their gratitude and appreciation to Mr Joubert for his valuable
contribution to the Telkom business during his tenure as a board member.
Pretoria
31 August 2011
Sponsor
UBS South Africa (Pty) Ltd
Date: 31/08/2011 16:45:01 Produced by the JSE SENS Department.
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