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Results of Annual General Meeeting of Absa Group
Absa Group Limited
Registration number: 1986/003934/06
Incorporated in the Republic of South Africa
JSE share code: ABG
ISIN: ZAE000255915
Bond Issuer Code: ABGI
(“Absa Group”, “Group” or “Company”)
RESULTS OF ANNUAL GENERAL MEETING OF ABSA GROUP
Shareholders are advised that at the hybrid Annual General Meeting (AGM) of Absa Group held on Friday, 2 June
2023, all the ordinary and special resolutions as set out in the notice of the AGM dispatched to shareholders on 31
March 2023 were passed, on a poll, by the requisite majorities.
Details of the results of the voting are as follows:
Total issued share capital: 847 750 679
Total number of shares present/ represented including proxies at the meeting: 618 129 006, being 72.9% of the total
votable shares.
% of
Abstain Issued
Title For % Against % %* Total Votes Capital*
Ordinary Resolution number 1: Re-
appointment of KPMG SA as external
auditors 99.99% 0.01% 0.17% 616 671 915 72.74%
Ordinary Resolution number 2: Re-
appointment of PwC South Africa as
external auditors 99.99% 0.01% 0.17% 616 670 765 72.74%
Ordinary Resolution number 3.1: Re-
election of director – Alex Darko 95.70% 4.30% 0.17% 616 666 608 72.74%
Ordinary Resolution number 3.2: Re-
election of director – Francis Okomo-
Okello 95.42% 4.58% 0.17% 616 668 063 72.74%
Ordinary Resolution number 3.3: Re-
election of director – Jason Quinn 99.50% 0.50% 0.17% 616 668 173 72.74%
Ordinary Resolution number 3.4: Re-
election of director – Nonhlanhla Mjoli-
Mncube 97.50% 2.50% 0.17% 616 666 863 72.74%
Ordinary Resolution number 3.5: Re-
election of director – Tasneem Abdool-
Samad 97.14% 2.86% 0.17% 616 668 062 72.74%
Ordinary Resolution number 4.1: Re-
appointment of Group Audit and
Compliance Committee member –
Alex Darko 97.37% 2.63% 0.17% 616 666 733 72.74%
Ordinary Resolution number 4.2: Re-
appointment of Group Audit and
Compliance Committee member –
Daisy Naidoo 99.11% 0.89% 0.17% 616 666 733 72.74%
Ordinary Resolution number 4.3: Re-
appointment of Group Audit and
Compliance Committee member –
René van Wyk 63.18% 36.82% 0.17% 616 666 733 72.74%
Ordinary Resolution number 4.4: Re-
appointment of Group Audit and
Compliance Committee member –
Swithin Munyantwali 99.57% 0.43% 0.17% 616 668 188 72.74%
Ordinary Resolution number 4.5: Re-
appointment of Group Audit and
Compliance Committee member –
Tasneem Abdool-Samad 98.69% 1.31% 0.17% 616 666 623 72.74%
Ordinary Resolution number 5: Placing
the authorised but unissued ordinary
shares of the Company under the
control of the directors 91.51% 8.49% 0.17% 616 667 725 72.74%
Non-binding advisory vote 1: Approval
of remuneration policy 86.98% 13.02% 0.17% 616 660 838 72.74%
Non-binding advisory vote 2: Approval
of implementation report 67.59% 32.41% 0.32% 615 382 810 72.59%
Special Resolution number 1: Approval
of non-executive directors’
remuneration 97.15% 2.85% 0.18% 616 629 348 72.74%
Special Resolution number 2: General
authority to the directors to approve
repurchase of the Company’s ordinary
shares 99.79% 0.21% 0.18% 616 622 657 72.74%
Special Resolution number 3: General
authority to the Company to approve
financial assistance 95.84% 4.16% 0.17% 616 670 699 72.74%
*Based on the total number of shares in issue
As a result of there being more than 25% of the votes exercised against the non-binding advisory vote number 2,
shareholders will be invited to raise their concerns or recommendations on the remuneration implementation report.
Further details will be announced on SENS in due course.
Johannesburg
2 June 2023
Enquiries:
Nadine Drutman (Group Company Secretary)
Nadine.Drutman@absa.africa
Tel: +27 11 350 5347
Sponsors:
Lead independent sponsor
J. P. Morgan Equities South Africa Proprietary Limited
Joint sponsor
Absa Bank Limited (Corporate and Investment Bank)
Date: 02-06-2023 02:32:00
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