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AVV 201711240031A
Results of Alviva Annual General Meeting and changes to the board of directors
Alviva Holdings Limited
(Formerly Pinnacle Holdings Limited)
(Incorporated in the Republic of South Africa)
Registration number 1986/000334/06
Share Code: AVV
ISIN: ZAE000227484
(“Alviva” or “The Company”)
RESULTS OF ALVIVA ANNUAL GENERAL MEETING (“AGM” or “ALVIVA AGM”) AND CHANGES TO
THE BOARD OF DIRECTORS (“THE BOARD”)
Shareholders are advised that all the ordinary and special resolutions tabled at the AGM of Alviva held
on Thursday, 23 November 2017 were passed by the requisite majority of shareholders.
In this regard and in accordance with paragraph 3.91 of the JSE Limited (“JSE”) Listings Requirements,
the detailed voting results of the Alviva AGM are set out below:
- Total number of Alviva shares that could have been voted at the AGM: 158 646 714
- Total number of Alviva shares that were present/represented at the AGM: 96 172 344
being 61% of the total number of Alviva shares that could have been voted at the AGM
NUMBER OF VOTES (ONE ABSTAINED AS
SHARES
PER SHARE) A
VOTED
RESOLUTIONS PERCENTAGE
EXCLUDING IN FAVOUR
AGAINST OF VOTABLE
ABSTENTIONS OF SHARES
Special resolutions
1. Issue of a general authority for
the Company to repurchase its 95 955 706 95 880 005 75 701 216 638
own shares
Percentage 60.48% 99.92% 0.08% 0.14%
2. Issue of a general authority to
provide financial assistance in
96 097 515 96 089 975 7 540 74 829
terms of section 44 of the
Companies Act
Percentage 60.57% 99.99% 0.01% 0.05%
3. Issue of a specific authority to
provide financial assistance in
96 097 815 95 936 506 161 309 74 529
terms of section 44 of the
Companies Act
Percentage 60.57% 99.83% 0.17% 0.05%
4. Approval of the fee structure to
be paid to non-executive 96 097 375 96 095 943 1 432 74 969
directors
Percentage 60.57% 100.00% 0.00% 0.05%
Ordinary resolutions
1. Re-appointment of retiring
directors
1.1 Re-appointment of Ms SH
Chaba as a non-executive 96 108 815 96 107 243 1 572 63 529
director
Percentage 60.58% 100.00% 0.00% 0.04%
2. Appointment of the Audit and
Risk Committee members
2.1 Ms N Medupe –
96 108 375 96 107 243 1 132 63 969
Chairperson
Percentage 60.58% 100.00% 0.00% 0.04%
2.2 Ms SH Chaba – Member 96 108 375 96 107 243 1 132 63 969
Percentage 60.58% 100.00% 0.00% 0.04%
3. Approval to re-appoint
SizweNtsalubaGobodo
95 955 706 83 779 816 12 175 890 216 638
Incorporated and Mr A
Philippou as auditors
Percentage 60.48% 87.31% 12.69% 0.14%
4. Endorsement of the Company’s
Remuneration Policy and its 96 097 075 95 714 154 382 921 75 269
implementation
Percentage 60.57% 99.60% 0.40% 0.05%
5. General authorisation to place
unissued shares under the 96 096 635 95 000 377 1 096 258 75 709
control of the directors
Percentage 60.57% 98.86% 1.14% 0.05%
6. General authorisation to issue
96 108 735 95 166 046 942 689 63 609
shares for cash
Percentage 60.58% 99.02% 0.98% 0.04%
7. Authorisation of directors to
implement special and ordinary 96 108 735 96 079 337 29 038 63 969
resolutions
Percentage 60.58% 99.97% 0.03% 0.04%
The special resolutions will be submitted to the Companies and Intellectual Property Commission
(“CIPC”) in due course for filing or registration where applicable.
Mr B Sibiya, the company’s lead independent director, has retired in compliance with the MOI
requirement that one-third or more of the non-executive directors must retire at each AGM and has
opted not to make himself available for re-election. A new lead independent director and audit
committee member will be appointed shortly.
Midrand
24 November 2017
SPONSOR:
Deloitte & Touche Sponsor Services (Pty) Ltd
Date: 24/11/2017 09:47:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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