WHL: WOOLWORTHS HOLDINGS LIMITED - Results of the 2020 annual general meeting |
WHL: WOOLWORTHS HOLDINGS LIMITED - Results of the 2020 annual general meeting Results of the 2020 annual general meeting Woolworths Holdings Limited (Incorporated in the Republic of South Africa) Registration number: 1929/001986/06 Share code: WHL ISIN: ZAE000063863 Bond company code: WHLI ('WHL' or the 'Company') RESULTS OF THE 2020 ANNUAL GENERAL MEETING Shareholders are advised that at the Annual General Meeting ('AGM') of the Company held today, Wednesday, 25 November 2020, all the ordinary and special resolutions were passed by the requisite majority votes, except for Ordinary Resolution 6, which is a non-binding advisory vote relating to the endorsement of the Remuneration Implementation Report*. The total issued share capital of the Company as at the record date of 20 November 2020 was 1,049,746,427 ordinary shares with total votable shares, excluding 84 261 465 Treasury Shares, being 965 484 962. Details of the voting statistics for each resolution are as follows: VOTES CAST SHARES SHARES DISCLOSED AS A % VOTED ABSTAINED OF TOTAL SHARES DISCLOSED DISCLOSED VOTED AT THE AGM AS A % OF AS A % OF NUMBER OF TOTAL TOTAL SHARES VOTABLE VOTABLE FOR AGAINST VOTED SHARES SHARES Ordinary Resolution 1: 99.84 0.16 748,637,069 77.54 0.09 Election of Roy Bagattini Ordinary Resolution 2: Re-election of directors Ordinary Resolution 2.1 86.41 13.59 748,595,044 77.54 0.09 - Zarina Bassa Ordinary Resolution 2.2 99.92 0.08 748,593,194 77.54 0.09 - Reeza Isaacs Ordinary Resolution 2.3 99.80 0.20 748,621,694 77.54 0.09 - Sam Ngumeni Ordinary Resolution 3: Election of Audit Committee members Ordinary Resolution 3.1 86.26 13.74 748,621,744 77.54 0.09 - Zarina Bassa Ordinary Resolution 3.2 99.98 0.02 748,620,094 77.54 0.09 - Thembisa Skweyiya Ordinary Resolution 3.3 98.72 1.28 748,621,094 77.54 0.09 - Christopher Colfer Ordinary Resolution 3.4 99.97 0.03 748,628,581 77.54 0.09 - Clive Thomson Ordinary Resolution 4: 67.52 32.48 748,623,094 77.54 0.09 Re-appointment of Ernst & Young Inc. as external auditors Ordinary Resolution 5: 74.76 25.24 748,616,782 77.54 0.09 Endorsement of the Remuneration Policy* Ordinary Resolution 6: 17.76 82.24 748,528,311 77.53 0.10 Endorsement of the Remuneration Implementation Report* Special Resolution 1: 95.54 4.46 748,593,523 77.54 0.09 Non-Executive Directors fees for the period 1 January 2021 to 31 December 2021 exclusive of value-added tax Special Resolution 2: 96.19 3.81 748,605,464 77.54 0.09 Financial assistance to directors and/or prescribed officers and employee share scheme beneficiaries Special Resolution 3: 96.65 3.35 743,869,850 77.05 0.58 General authority to provide financial assistance to related or inter-related companies or undertakings in terms of section 45 of the Companies Act Special Resolution 4: 98.56 1.44 748,558,884 77.53 0.09 General authority to acquire (repurchase) shares *Having extensively engaged with the Company´s major shareholders prior to the AGM, the Board is cognisant of shareholder concerns in relation to the exit package of the former Group Chief Executive, which are reflected by the level of endorsement attained on the Group´s Remuneration Policy and Implementation Report. Notwithstanding extensive shareholder engagement prior to the AGM, given that a 75% majority of votes was not achieved in respect of Ordinary Resolutions 5 and 6, shareholders are further invited to forward written submissions on the Remuneration Report and Implementation Report to the Group Company Secretary by email at Governance@woolworths.co.za by the close of business on Friday, 11 December 2020. Shareholders are also requested to indicate whether they wish to engage with the Company in that regard. Cape Town 25 November 2020 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 25-11-2020 05:17:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS. |
2020-11-25 17:17:00 Source: JSE News Service (SENS) |
Attachments
- Original document
- Permalink
Disclaimer
Woolworths Holdings Ltd. published this content on 25 November 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 November 2020 15:26:02 UTC