| Thu 31 Oct 2024, 16:22 | | BID CORPORATION LIMITED - Report on Proceedings at the 2024 Annual General Meeting and Capital Markets Trading Update |
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Report on Proceedings at the 2024 Annual General Meeting and Capital Markets Trading Update
Bid Corporation Limited
(Incorporated in the Republic of South Africa)
Registration number: 1995/008615/06
Share code: BID
ISIN: ZAE000216537
("Bidcorp" or "the Company")
REPORT ON PROCEEDINGS AT THE 2024 ANNUAL GENERAL MEETING AND
CAPITAL MARKETS TRADING UPDATE
At the annual general meeting ("AGM" or "the meeting") of the shareholders of Bidcorp held today, Thursday,
October 31st 2024, the ordinary and special resolutions proposed at the meeting were unaltered from those
reflected in the Notice of AGM and were approved by the requisite majority votes.
Total number of shares in issue 336 904 212
Total number of shares represented (including proxies) at the AGM 262 106 463
Proportion of total voteable shares represented at the AGM 77,80%
Shares voted Shares
Votes cast disclosed
disclosed as abstained
as a percentage of
Number of a percentage disclosed as a
Resolution the total number of
Shares Voted of the total percentage of
shares voted at the
issued the total issued
meeting
shares shares
FOR AGAINST
Ordinary resolution number 1: Reappointment of
1 99,76% 0,24% 261 826 055 77,72% 0,08%
external auditor
Ordinary resolution number 2.1: Re-election of
2 100,00% 0,00% 261 826 055 77,72% 0,08%
executive director - BL Berson
Ordinary resolution number 2.2: Re-election of
3 99,81% 0,19% 261 826 055 77,72% 0,08%
executive director - DE Cleasby
Ordinary resolution number 2.3: Re-election of
4 88,87% 11,13% 261 826 055 77,72% 0,08%
independent non-executive director - NG Payne
Ordinary resolution number 2.4: Re-election of
5 99,49% 0,51% 261 826 055 77,72% 0,08%
independent non-executive director – H Wiseman
Ordinary resolution number 3.1: Election of audit and
6 98,43% 1,57% 261 826 055 77,72% 0,08%
risk committee member - H Wiseman
Ordinary resolution number 3.2: Election of audit and
7 99,96% 0,04% 261 826 055 77,72% 0,08%
risk committee member - T Abdool-Samad
Ordinary resolution number 3.3: Election of audit and
8 84,05% 15,95% 261 826 055 77,72% 0,08%
risk committee member - PC Baloyi
Ordinary resolution number 3.4: Election of audit and
9 99,96% 0,04% 261 826 055 77,72% 0,08%
risk committee member - KR Moloko
Ordinary resolution number 3.5: Election of audit and
10 92,90% 7,10% 261 826 055 77,72% 0,08%
risk committee member - NG Payne
Ordinary resolution number 4.1: Endorsement of
11 96,16% 3,84% 261 818 821 77,71% 0,09%
Bidcorp remuneration policy
Ordinary resolution number 4.2: Endorsement of the
12 96,54% 3,46% 261 797 871 77,71% 0,09%
Bidcorp Implementation of remuneration policy
Ordinary resolution number 5: General authority to
13 directors to allot and issue authorised but unissued 88,10% 11,90% 261 826 055 77,72% 0,08%
ordinary shares
Ordinary resolution number 6: General authority to
14 86,95% 13,05% 261 826 055 77,72% 0,08%
issue shares for cash
Shares voted Shares
Votes cast disclosed
disclosed as abstained
as a percentage of
Number of a percentage disclosed as a
Resolution the total number of
Shares Voted of the total percentage of
shares voted at the
issued the total issued
meeting
shares shares
FOR AGAINST
Ordinary resolution number 7: Payment of dividend by
15 99,99% 0,01% 261 826 055 77,72% 0,08%
way of pro rata reduction of stated capital
Ordinary resolution number 8: Creation and issue of
16 87,66% 12,34% 261 826 055 77,72% 0,08%
convertible debentures
Ordinary resolution number 9: Directors' authority to
17 100,00% 0,00% 261 826 055 77,72% 0,08%
implement special and ordinary resolutions
Special resolution number 1: General authority to
18 98,96% 1,04% 261 805 582 77,71% 0,09%
acquire (repurchase) shares
Special resolution number 2.1: Approval of non-
19 executive directors' annual fees for the year ending 99,14% 0,86% 261 775 757 77,70% 0,10%
June 30 2025 - Chairman
Special resolution number 2.2: Approval of non-
executive directors' annual fees for the year ending
20 99,84% 0,16% 261 781 196 77,70% 0,10%
June 30 2025 - Lead independent non-executive
director
Special resolution number 2.3: Approval of non-
21 executive directors' annual fees for the year ending 99,53% 0,47% 261 781 196 77,70% 0,10%
June 30 2025 - Non-executive directors
Special resolution number 2.4: Approval of non-
22 executive directors' annual fees for the year ending 99,85% 0,15% 261 781 196 77,70% 0,10%
June 30 2025 - Audit and risk committee chairman
Special resolution number 2.5: Approval of non-
23 executive directors' annual fees for the year ending 99,85% 0,15% 261 781 196 77,70% 0,10%
June 30 2025 - Audit and risk committee member
Special resolution number 2.6: Approval of non-
24 executive directors' annual fees for the year ending 99,85% 0,15% 261 781 196 77,70% 0,10%
June 30 2025 - Remuneration committee chairman
Special resolution number 2.7: Approval of non-
25 executive directors' annual fees for the year ending 99,85% 0,15% 261 776 977 77,70% 0,10%
June 30 2025 - Remuneration committee member
Special resolution number 2.8: Approval of non-
26 executive directors' annual fees for the year ending 99,85% 0,15% 261 776 977 77,70% 0,10%
June 30 2025 - Nominations committee chairman
Special resolution number 2.9: Approval of non-
27 executive directors' annual fees for the year ending 99,85% 0,15% 261 776 977 77,70% 0,10%
June 30 2025 - Nominations committee member
Special resolution number 2.10: Approval of non-
28 executive directors' annual fees for the year ending 99,85% 0,15% 261 744 918 77,69% 0,11%
June 30 2025 - Acquisitions committee chairman
Special resolution number 2.11: Approval of non-
29 executive directors' annual fees for the year ending 99,85% 0,15% 261 744 918 77,69% 0,11%
June 30 2025 - Acquisitions committee member
Special resolution number 2.12: Approval of non-
executive directors' annual fees for the year ending
30 99,85% 0,15% 261 727 715 77,69% 0,11%
June 30 2025 - Environmental, social and ethics
committee chairman
Special resolution number 2.13: Approval of non-
executive directors' annual fees for the year ending
31 99,85% 0,15% 261 727 965 77,69% 0,11%
June 30 2025 - Environmental, social and ethics
committee member
Special resolution number 2.14: Approval of non-
32 executive directors' annual fees for the year ending 98,70% 1,30% 261 748 665 77,69% 0,11%
June 30 2025 - Ad hoc meeting
Shares voted Shares
Votes cast disclosed
disclosed as abstained
as a percentage of
Number of a percentage disclosed as a
Resolution the total number of
Shares Voted of the total percentage of
shares voted at the
issued the total issued
meeting
shares shares
FOR AGAINST
Special resolution number 2.15: Approval of non-
33 executive directors' annual fees for the year ending 100,00% 0,00% 261 748 665 77,69% 0,11%
June 30 2025 - Travel per meeting cycle
Special resolution number 3: General authority to
34 provide financial assistance to related or inter-related 98,95% 1,05% 261 751 093 77,69% 0,11%
companies and corporations
CAPITAL MARKETS TRADING UPDATE
Shareholders are reminded that management will be hosting a capital markets trading update on Tuesday,
November 12th 2024 at 10H00 SAST, where an operational update will be provided. Full details are available on
the Bidcorp website (www.bidcorpgroup.com).
Date: October 31st 2024
Johannesburg
Sponsor: The Standard Bank of South Africa Limited
Date: 31-10-2024 04:22:00
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