| Mon 13 Nov 2023, 15:58 | | SHOPRITE HOLDINGS LIMITED - Results of annual general meeting |
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Results of annual general meeting
Shoprite Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number 1936/007721/06)
ISIN no: ZAE000012084
JSE share code: SHP
NSX share code: SRH
LUSE share code: SHOPRITE
("Shoprite Holdings" or the "Company")
RESULTS OF ANNUAL GENERAL MEETING
Shareholders are advised that the voting results for the annual general meeting ("AGM") of Shoprite Holdings shareholders held on Monday, 13 November 2023 were as follows:
Resolution Number of shares voted Percentage of shares in In favour of** Against** Abstained*
issue* % % %
%
Ordinary Deferred Ordinary Deferred Ordinary Deferred Ordinary Deferred Ordinary Deferred
shares shares shares shares shares shares shares shares shares shares
Ordinary resolution number 1 – 407 665 847 264 969 112 74.46 100.00 100.00 100.00 0.00 0.00 0.08 0.00
Approval of annual financial
statements
Ordinary resolution number 2 – 407 997 100 264 969 112 74.52 100.00 99.68 100.00 0.32 0.00 0.02 0.00
Appointment of auditors
Ordinary resolution number 3 – 407 997 100 264 969 112 74.52 100.00 100.00 100.00 0.00 0.00 0.02 0.00
Election of directors
3.1 Prof. Hlengani Mathebula
3.2 Sipho Maseko 407 997 100 264 969 112 74.52 100.00 100.00 100.00 0.00 0.00 0.02 0.00
Ordinary resolution number 4 – Re- 407 997 100 264 969 112 74.52 100.00 68.75 100.00 31.25 0.00 0.02 0.00
election of directors
4.1 Dr Christo Wiese
4.2 Wendy Lucas-Bull 407 997 100 264 969 112 74.52 100.00 98.00 100.00 2.00 0.00 0.02 0.00
4.3 Linda de Beer 407 997 100 264 969 112 74.52 100.00 97.68 100.00 2.32 0.00 0.02 0.00
4.4 Nonkululeko Gobodo 406 676 468 264 969 112 74.52 100.00 99.68 100.00 0.32 0.00 0.02 0.00
Ordinary resolution number 5 – 407 997 100 264 969 112 74.52 100.00 99.24 100.00 0.76 0.00 0.02 0.00
Appointment as members of the
Shoprite Holdings Audit and Risk
Committee
5.1 Linda de Beer
5.2 Nonkululeko Gobodo 407 997 100 264 969 112 74.52 100.00 99.76 100.00 0.24 0.00 0.02 0.00
5.3 Eileen Wilton 407 988 440 264 969 112 74.52 100.00 99.74 100.00 0.26 0.00 0.02 0.00
5.4 Graham Dempster 407 997 100 264 969 112 74.52 100.00 99.74 100.00 0.26 0.00 0.02 0.00
Ordinary resolution number 6 – 407 988 440 264 969 112 74.52 100.00 92.01 100.00 7.99 0.00 0.02 0.00
General authority over unissued
ordinary shares
Ordinary resolution number 7 – 407 997 090 264 969 112 74.52 100.00 100.00 100.00 0.00 0.00 0.02 0.00
General authority to Directors
and/or Company Secretary
Non-binding advisory vote 1: 407 988 430 264 969 112 74.52 100.00 71.55 100.00 28.45 0.00 0.02 0.00
Remuneration policy of Shoprite
Holdings
Non-binding advisory vote 2: 407 933 842 264 969 112 74.51 100.00 77.01 100.00 22.99 0.00 0.03 0.00
Implementation report of the
Remuneration policy
Ordinary resolution number 8 – 407 997 090 264 969 112 74.52 100.00 99.76 100.00 0.24 0.00 0.02 0.00
Approval of an amendment to rules
of the Shoprite Holdings Executive
Share Plan
Ordinary resolution number 9 – 407 988 440 264 969 112 74.52 100.00 91.32 100.00 8.68 0.00 0.02 0.00
General authority to issue ordinary
shares for cash
Special resolution number 1 – 407 988 430 264 969 112 74.52 100.00 98.34 100.00 1.66 0.00 0.02 0.00
Remuneration payable to Non-
executive Directors
a) Remuneration payable to
Chairman of the Board
b) Remuneration payable to Lead 407 997 090 264 969 112 74.52 100.00 99.89 100.00 0.11 0.00 0.02 0.00
Independent Director
c) Remuneration payable to Non- 407 916 075 264 969 112 74.51 100.00 99.77 100.00 0.23 0.00 0.04 0.00
executive Directors
d) Remuneration payable to 407 828 983 264 969 112 74.49 100.00 99.89 100.00 0.11 0.00 0.05 0.00
Chairman of the Audit and Risk
Committee
e) Remuneration payable to 407 828 983 264 969 112 74.49 100.00 99.89 100.00 0.11 0.00 0.05 0.00
members of the Audit and Risk
Committee
f) Remuneration payable to 407 828 983 264 969 112 74.49 100.00 99.89 100.00 0.11 0.00 0.05 0.00
Chairman of the Remuneration
Committee
g) Remuneration payable to 407 828 983 264 969 112 74.49 100.00 99.89 100.00 0.11 0.00 0.05 0.00
members of the Remuneration
Committee
h) Remuneration payable to 407 828 983 264 969 112 74.49 100.00 99.89 100.00 0.11 0.00 0.05 0.00
Chairman of the Nomination
Committee
i) Remuneration payable to 407 828 983 264 969 112 74.49 100.00 99.89 100.00 0.11 0.00 0.05 0.00
members of the Nomination
Committee
j) Remuneration payable to 407 828 983 264 969 112 74.49 100.00 99.89 100.00 0.11 0.00 0.05 0.00
Chairman of the Social and
Ethics Committee
k) Remuneration payable to 407 828 983 264 969 112 74.49 100.00 99.89 100.00 0.11 0.00 0.05 0.00
members of the Social and Ethics
Committee
l) Remuneration payable to 407 828 983 264 969 112 74.49 100.00 99.89 100.00 0.11 0.00 0.05 0.00
Chairman of the Investment and
Finance Committee
m) Remuneration payable to 407 828 993 264 969 112 74.49 100.00 99.89 100.00 0.11 0.00 0.05 0.00
members of the Investment and
Finance Committee
Special resolution number 2 – 407 828 993 264 969 112 74.49 100.00 97.98 100.00 2.02 0.00 0.05 0.00
Financial assistance to subsidiaries,
related and inter-related entities
Special resolution number 3 – 407 594 973 264 969 112 74.45 100.00 99.09 100.00 0.91 0.00 0.10 0.00
General authority to repurchase
ordinary shares
* Based on 547 480 501 ordinary shares (591 338 502 ordinary shares less 43 858 001 treasury shares) and 264 969 112 deferred shares (305 621 601 deferred shares less 40 652 489
deferred shares which are currently restricted from voting) in issue at the date of the AGM.
** In relation to the total number of shares voted at the AGM.
Based on the above voting results, all resolutions were passed by the requisite majority of Shoprite Holdings shareholders represented at the AGM.
Cape Town
13 November 2023
Sponsor
Nedbank Corporate and Investment Banking, a division of Nedbank Limited
Date: 13-11-2023 03:58:00
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