GLOBAL ASSET MANAGEMENT LIMITED - Results of Annual General Meeting (AGM)

2018-07-12 12:25:00

GAM 201807120047A
Results of Annual General Meeting ('AGM')

GLOBAL ASSET MANAGEMENT LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 2002/003192/06)
Share Code: GAM    ISIN: ZAE000173498
('Global' or “the Company”)


RESULTS OF ANNUAL GENERAL MEETING (“AGM”)


Shareholders are advised that the Company’s AGM was held on Wednesday, 11 July 2018
and all resolutions proposed at the AGM were passed by the requisite majority with the
exception of special resolution number 5. Details of the results of voting were as follows:

Total number of shares in issue at the date of the AGM:                          74 750 627
Total number of shares represented at the AGM:                                   67 068 956
Total percentage of shares represented at the AGM:                                   89.72%

The resolutions proposed at the AGM, together with the percentage of votes carried for and
against each resolution, are set out below:

                                                         For        Against:      Abstain
 Resolution proposed                                      %               %             %
 Ordinary Resolution Number 1 –                   67 068 956               -             -
 Adoption of annual financial statements               100%              0%            0%
 
 Ordinary Resolution Number 2 –
 Director appointment –                           67 068 956               -             -
 NB Matyolo                                            100%              0%            0%
 
 Ordinary Resolution Number 3 –
 Director appointment –                           67 068 956               -             -
 MJ Reyneke                                            100%              0%            0%

 Ordinary Resolution Number 4 –
 Director appointment –                           67 068 956               -             -
 CJP Cilliers                                          100%              0%            0%
 
 Ordinary Resolution Number 5 –
 Director retirement and re-election –            67 068 956               -             -
 GK Cunliffe                                           100%              0%            0%

 Ordinary Resolution Number 6 -
 Auditors’ re-appointment and remuneration        67 068 956               -             -
 – Howarth Leveton Boner                               100%              0%            0%
 
 Ordinary Resolution Number 7 -
 Re-appointment of Audit and Risk                 67 068 956               -             -
 Committee member – GT Magomola                        100%              0%            0%
 
 Ordinary Resolution Number 8 –
 Re-appointment of Audit and Risk                 67 068 956               -             -
 Committee member – GK Cunliffe                        100%              0%            0%
 
 Ordinary Resolution Number 9 –
 Re-appointment of Audit and Risk                 67 068 956               -             -
 Committee member – AJ Naidoo                          100%              0%            0%
 
 Ordinary Resolution Number 10 –
 Appointment of Audit and Risk Committee          67 068 956               -             -
 member – MJ Reyneke                                   100%              0%            0%
 
 Ordinary Resolution Number 11 –
 Endorsement of Global’s Remuneration             67 068 956               -             -
 Policy                                                100%              0%            0%
 
 Ordinary Resolution Number 12 –
 Endorsement of the implementation of             67 068 956               -             -
 Global’s Remuneration Policy                          100%              0%            0%
 
 Special Resolution Number 1 –
 General authority to allot and issue shares      67 068 956               -             -
 for cash                                              100%              0%            0%
 
 Special Resolution Number 2 –
 Authority to issue shares, securities
 convertible into shares or rights that may       67 068 956               -             -
 exceed 30% of the voting power of the                 100%              0%            0%
 current issued share capital                          
  
 Special Resolution Number 3 –                    67 068 956               -             -
 Non-Executive Directors’ remuneration                 100%              0%            0%
 
 Special Resolution Number 4 –
 General authority to enter into funding          67 068 956               -             -
 agreements, provide loans or other                    100%              0%            0%
 financial assistance
 
 Special Resolution Number 5 –
 General authority to acquire (repurchase)        35 712 733      31 356 223             -
 shares                                              53.25%          46.75%            0%
 

By order of the board
Johannesburg
12 July 2018

Designated Advisor
Arbor Capital Sponsors Proprietary Limited

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