| Fri 30 Nov 2018, 12:15 | | BLUE LABEL TELECOMS LIMITED - Report on Annual General Meeting Proceedings |
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BLU 201811300042A
Report on Annual General Meeting Proceedings
Blue Label Telecoms Limited
(Incorporated in the Republic of South Africa)
(Registration number 2006/022679/06)
JSE Share code: BLU
ISIN: ZAE000109088
("Blue Label" or "the Company")
REPORT ON ANNUAL GENERAL MEETING PROCEEDINGS
Blue Label shareholders are advised that at the Annual General Meeting ("AGM") of members held on Thursday,
29 November 2018. In this regard, Blue Label confirms the voting results at the AGM as follows:
% Number
Total number of shares that could be voted at meeting 100 913,655,873
Total number of shares present/represented including proxies at meeting 86 781,714,491
Total number of members present 63
Votes in % Votes % Abstentions %
Favour Against
Ordinary Resolution Number 1 765,487,331 97.95 16,008,758 2.05 218,402 0.02
Re-election of Director
GD Harlow
Ordinary Resolution Number 2 758,814,671 98.39 12,383,943 1.61 10,515,877 1.15
Re-election of Director
BM Levy
Ordinary Resolution Number 3 777,126,946 99.44 4,369,143 0.56 218,402 0.02
Re-election of Director
SJ Vilakazi
Ordinary Resolution Number 4 737,659,872 94.39 43,842,854 5.61 211,765 0.02
Re-appointment of external Auditors
Ordinary Resolution Number 5 749,011,589 95.84 32,484,500 4.16 218,402 0.02
Appointment of Member and Chairman
of the Audit, Risk and Compliance
Committee
JS Mthimunye
Ordinary Resolution Number 6 749,024,962 95.85 32,471,127 4.15 218,402 0.02
Appointment of Member of the Audit,
Risk and Compliance Committee
GD Harlow
Ordinary Resolution Number 7 777,115,946 99.44 4,380,143 0.56 218,402 0.02
Appointment of Member of the Audit,
Risk and Compliance Committee
SJ Vilakazi
Ordinary Resolution Number 8
Appointment of Member of the Audit,
Risk and Compliance Committee
P Mahanyele - WITHDRAWN
Ordinary Resolution Number 9 571,721,411 73.16 209,703,415 26.84 289,665 0.03
Non-binding advisory endorsement of
the remuneration and reward policy
Ordinary Resolution Number 10 572,585,004 73.28 208,833,822 26.72 295,665 0.03
Non-binding advisory endorsement of
implementation report
Ordinary Resolution Number 11 781,324,962 99.99 90,599 0.01 298,930 0.03
Directors authority to implement
ordinary and special resolutions
Special Resolution Number 1 768,347,936 98.33 13,070,890 1.67 295,665 0.03
Remuneration of Non-executive
Directors
Special Resolution Number 2 755,381,130 96.67 26,051,396 3.33 281,965 0.03
General Authority to Repurchase Shares
Special Resolution Number 3 682,261,297 87.31 99,137,529 12.69 315,665 0.03
Approval to grant financial assistance in
terms of section 44 and section 45 of the
Act
Shareholders who voted against the Remuneration and Reward Policy and the implementation of the Policy are invited to
engage with the company by submitting written questions/comments to the company secretary and investor relations via
email at janinev@blts.co.za and nicolaw@blts.co.za by or on before close of business on Friday, 7 December 2018.
Sandton
30 November 2018
Sponsor
Investec Bank Limited
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