| Wed 9 Mar 2016, 13:50 | | HUDACO INDUSTRIES LIMITED - Results of annual general meeting |
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HDC 201603090036A
Results of annual general meeting
HUDACO INDUSTRIES LIMITED
(Incorporated in the Republic of South Africa)
Registration Number 1985/004617/06
Share Code: HDC ISIN: ZAE000003273
("Hudaco" or "the company")
Results of annual general meeting
Hudaco shareholders are advised that the voting results for the annual general meeting (“the AGM”) held at
the registered offices of the Company today are set out below. Based on the voting results, all resolutions
were passed by the requisite majority of Hudaco shareholders present in person or represented by proxy at
the AGM.
Resolution Number of Percentage of For** Against** Abstained***
shares voted votable shares % % %
in issue*
%
Ordinary Resolution Number 1.1 22,375,070 70.70492 99.64662 0.35338 0.03938
To re-elect directors retiring by
rotation: SJ Connelly
Ordinary Resolution Number 1.2 22,375,070 70.70492 100 0 0.03938
To re-elect directors retiring by
rotation: GR Dunford
Ordinary Resolution Number 1.3 22,296,000 70.45506 99.43443 0.56557 0.28924
To re-elect directors retiring by
rotation: SG Morris
Ordinary Resolution Number 2: 22,296,000 70.45506 100 0 0.28924
To elect the director appointed since
previous AGM: N Mandindi
Ordinary Resolution Number 3: 22,375,070 70.70492 99.43643 0.56357 0.03938
To approve the re-appointment of
external auditors
Ordinary Resolution Number 4.1: 22,296,000 70.45506 99.43443 0.56557 0.28924
Appointment of the members of the
audit and risk management
committee: SG Morris
Ordinary Resolution Number 4.2: 22,296,000 70.45506 100 0 0.28924
Appointment of the members of the
audit and risk management
Committee: N Mandindi
Ordinary Resolution Number 4.3: 22,296,000 70.45506 100 0 0.28924
Appointment of the members of the
audit and risk management
Committee: D Naidoo
Special Resolution Number 1: 22,296,000 70.45506 98.14730 1.85270 0.28924
Approval of non-executive directors’
remuneration
Non-binding Resolution Number 1: 22,296,000 70.45506 67.45455 32.54545 0.28924
Endorsement of Hudaco’s
remuneration policy
Special Resolution Number 2: 22,375,070 70.70492 94.48455 5.51545 0.03938
Authorising the provision of financial
assistance to subsidiaries
Special Resolution Number 3: 22,375,070 70.70492 99.78257 0.21743 0.03938
General authority to repurchase
shares – up to 1 582 285 (5%) of its
shares
Ordinary Resolution Number 5: 22,375,070 70.70492 79.69976 20.30024 0.03938
General authority to directors to allot
and issue authorised but unissued
ordinary shares – up to 1 582 285
(5%) shares in issue
Ordinary Resolution Number 6: 22,375,070 70.70492 99.85251 0.14749 0.03938
Signature of documents
* Based on 31 645 703 shares (34 153 531 shares in issue as at the date of the AGM, minus 2 507 828 treasury
shares held by a subsidiary of Hudaco.)
** As a percentage of shares voted at AGM.
*** As a percentage of 31 645 703 votable shares in issue as at the date of the AGM.
Johannesburg
9 March 2016
Sponsor
Nedbank Corporate and Investment Banking
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