| Tue 14 Nov 2023, 17:29 | | 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 68.94 100.00 100.00 100.00 0.00 0.00 0.08 0.00
Approval of annual financial
statements
Ordinary resolution number 2 – 407 997 100 264 969 112 69.00 100.00 99.68 100.00 0.32 0.00 0.02 0.00
Appointment of auditors
Ordinary resolution number 3 –
Election of directors
3.1 Prof. Hlengani Mathebula 407 997 100 264 969 112 69.00 100.00 100.00 100.00 0.00 0.00 0.02 0.00
3.2 Sipho Maseko 407 997 100 264 969 112 69.00 100.00 100.00 100.00 0.00 0.00 0.02 0.00
Ordinary resolution number 4 – Re-
election of directors
4.1 Dr Christo Wiese 407 997 100 264 969 112 69.00 100.00 68.75 100.00 31.25 0.00 0.02 0.00
4.2 Wendy Lucas-Bull 407 997 100 264 969 112 69.00 100.00 98.00 100.00 2.00 0.00 0.02 0.00
4.3 Linda de Beer 407 997 100 264 969 112 69.00 100.00 97.68 100.00 2.32 0.00 0.02 0.00
4.4 Nonkululeko Gobodo 406 676 468 264 969 112 69.00 100.00 99.68 100.00 0.32 0.00 0.02 0.00
Ordinary resolution number 5 –
Appointment as members of the
Shoprite Holdings Audit and Risk Committee
5.1 Linda de Beer 407 997 100 264 969 112 69.00 100.00 99.24 100.00 0.76 0.00 0.02 0.00
5.2 Nonkululeko Gobodo 407 997 100 264 969 112 69.00 100.00 99.76 100.00 0.24 0.00 0.02 0.00
5.3 Eileen Wilton 407 988 440 264 969 112 68.99 100.00 99.74 100.00 0.26 0.00 0.02 0.00
5.4 Graham Dempster 407 997 100 264 969 112 69.00 100.00 99.74 100.00 0.26 0.00 0.02 0.00
Ordinary resolution number 6 – 407 988 440 264 969 112 68.99 100.00 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 69.00 100.00 100.00 100.00 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 68.99 100.00 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 68.98 100.00 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 69.00 100.00 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 68.99 100.00 91.32 100.00 8.68 0.00 0.02 0.00
General authority to issue ordinary
shares for cash
Special resolution number 1 –
Remuneration payable to Non-
executive Directors
a) Remuneration payable to 407 988 430 264 969 112 68.99 100.00 98.34 100.00 1.66 0.00 0.02 0.00
Chairman of the Board
b) Remuneration payable to Lead 407 997 090 264 969 112 69.00 100.00 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 68.98 100.00 99.77 100.00 0.23 0.00 0.04 0.00
executive Directors
d) Remuneration payable to 407 828 983 264 969 112 68.97 100.00 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 68.97 100.00 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 68.97 100.00 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 68.97 100.00 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 68.97 100.00 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 68.97 100.00 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 68.97 100.00 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 68.97 100.00 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 68.97 100.00 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 68.97 100.00 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 68.97 100.00 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 – General 407 594 973 264 969 112 68.93 100.00 99.09 100.00 0.91 0.00 0.09 0.00
authority to repurchase ordinary
shares
The results of AGM combining the Shoprite Holdings ordinary shares and deferred shares ("combined shares") are as follows:
Resolution Number of combined Percentage of combined In favour of** Against** Abstained*
shares voted shares in issue* % % %
%
Ordinary resolution number 1 – 672 634 959 74.99 100.00 0.00 0.05
Approval of annual financial
statements
Ordinary resolution number 2 – 672 966 212 75.03 99.81 0.19 0.01
Appointment of auditors
Ordinary resolution number 3 –
Election of directors
3.1 Prof. Hlengani Mathebula 672 966 212 75.03 100.00 0.00 0.01
3.2 Sipho Maseko 672 966 212 75.03 100.00 0.00 0.01
Ordinary resolution number 4 – Re-
election of directors
4.1 Dr Christo Wiese 672 966 212 75.03 80.59 19.41 0.01
4.2 Wendy Lucas-Bull 672 966 212 75.03 98.78 1.22 0.01
4.3 Linda de Beer 672 966 212 75.03 98.59 1.41 0.01
4.4 Nonkululeko Gobodo 672 966 212 75.03 99.80 0.20 0.01
Ordinary resolution number 5 –
Appointment as members of the
Shoprite Holdings Audit and Risk
Committee
5.1 Linda de Beer 672 966 212 75.03 99.54 0.46 0.01
5.2 Nonkululeko Gobodo 672 966 212 75.03 99.85 0.15 0.01
5.3 Eileen Wilton 672 957 552 75.03 99.84 0.16 0.02
5.4 Graham Dempster 672 966 212 75.03 99.84 0.16 0.01
Ordinary resolution number 6 – 672 957 552 75.03 95.15 4.85 0.02
General authority over unissued
ordinary shares
Ordinary resolution number 7 – 672 966 202 75.03 100.00 0.00 0.01
General authority to Directors and/or
Company Secretary
Non-binding advisory vote 1: 672 957 542 75.03 82.75 17.25 0.02
Remuneration policy of Shoprite
Holdings
Non-binding advisory vote 2: 672 902 954 75.02 86.06 13.94 0.02
Implementation report of the
Remuneration policy
Ordinary resolution number 8 – 672 966 202 75.03 99.86 0.14 0.01
Approval of an amendment to rules of
the Shoprite Holdings Executive Share
Plan
Ordinary resolution number 9 – 672 957 552 75.03 94.74 5.26 0.02
General authority to issue ordinary
shares for cash
Special resolution number 1 –
Remuneration payable to Non-
executive Directors
a) Remuneration payable to Chairman 672 957 542 75.03 99.00 1.00 0.02
of the Board
b) Remuneration payable to Lead 672 966 202 75.03 99.94 0.06 0.01
Independent Director
c) Remuneration payable to Non- 672 885 187 75.02 99.86 0.14 0.02
executive Directors
d) Remuneration payable to 672 798 095 75.01 99.93 0.07 0.03
Chairman of the Audit and Risk
Committee
e) Remuneration payable to 672 798 095 75.01 99.94 0.06 0.03
members of the Audit and Risk
Committee
f) Remuneration payable to 672 798 095 75.01 99.94 0.06 0.03
Chairman of the Remuneration
Committee
g) Remuneration payable to 672 798 095 75.01 99.93 0.07 0.03
members of the Remuneration
Committee
h) Remuneration payable to 672 798 095 75.01 99.94 0.06 0.03
Chairman of the Nomination
Committee
i) Remuneration payable to 672 798 095 75.01 99.94 0.06 0.03
members of the Nomination
Committee
j) Remuneration payable to 672 798 095 75.01 99.94 0.06 0.03
Chairman of the Social and Ethics
Committee
k) Remuneration payable to 672 798 095 75.01 99.94 0.06 0.03
members of the Social and Ethics
Committee
l) Remuneration payable to 672 798 095 75.01 99.94 0.06 0.03
Chairman of the Investment and
Finance Committee
m) Remuneration payable to 672 798 095 75.01 99.94 0.06 0.03
members of the Investment and
Finance Committee
Special resolution number 2 – Financial 672 798 105 75.01 98.77 1.23 0.03
assistance to subsidiaries, related and
inter-related entities
Special resolution number 3 – General 672 564 085 74.98 99.45 0.55 0.06
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
14 November 2023
Sponsor
Nedbank Corporate and Investment Banking, a division of Nedbank Limited
Date: 14-11-2023 05:29:00
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