Johnnic - Results of Annual General Meeting
Johnnic Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number 1889/000429/06)
Share Code: JNC
ISIN: ZAE000024352
(`Johnnic`)
RESULTS OF ANNUAL GENERAL MEETING
Shareholders are advised that at the Annual General Meeting of members of
Johnnic held in Midrand on 27 September 2005, all resolutions contained in the
Notice of Annual General Meeting (`AGM`), with the exception of Special
Resolution 1 introduced under the heading Special Business of the Notice of AGM,
were approved by the requisite majorities. Shareholders representing 86.12% of
the total issued shares of Johnnic (143 369 834 Johnnic shares) were present in
person or by proxy at the meeting.
The resolution introduced under General Business in the Notice of AGM regarding
the adoption of the financial statements for the year ended 31 March 2005 was
passed with 99.99% of those shareholders present and voting at the meeting,
voting in favour of the resolution. Further resolutions proposed to re-elect
Mr. PE Burton and Mr. ACG Molusi as Directors were each passed with 53.54% of
shareholders voting FOR, 0.14% AGAINST the proposed resolution and the balance
of shareholders abstaining from voting.
Ordinary Resolution 1 regarding the approval of Directors Remuneration was
passed with 53.15% FOR and 46.85% AGAINST the proposed resolution. Ordinary
Resolution 2 regarding the approval and adoption of the Johnnic Holdings
Limited Long-Term Incentive Plan, was passed with 51.92% FOR and 48.07% AGAINST
the proposed resolution. Ordinary Resolution 3 conferring on the directors or
company secretary the authority to implement the ordinary and special
resolutions, was passed with 98.78% FOR and 1.22% AGAINST the proposed
resolution.
Special Resolution 1 regarding the general authority for the company to
repurchase shares was rejected with 37.16% of shareholders voting FOR the
proposed special resolution and 62.84% voting AGAINST the proposed special
resolution.
Midrand
27 September 2005
Sponsor
Merrill Lynch South Africa (Pty) Limited
Legal advisor
Webber Wentzel Bowens
Date: 28/09/2005 08:37:05 AM
Produced by the JSE SENS Department
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