CMO - CHROMETCO LIMITED - AGM Results and board changes
CHROMETCO LIMITED
(Incorporated in the Republic of South Africa) (Registration number: 2002/026265/06)
Share code: CMO
ISIN Code: ZAE000070249
(“Chrometco” or “the Company”)
RESULTS OF ANNUAL GENERAL MEETING, RESIGNATION OF DIRECTOR AND CHANGES TO IMPORTANT BOARD FUNCTIONS
RESULTS OF ANNUAL GENERAL MEETING
In terms of paragraph 3.91 of the JSE Listings Requirements, shareholders are hereby advised that all the ordinary resolutions and special resolutions, as set out in the notice of the Annual General Meeting (“AGM”), other than those which were were withdrawn, were passed by the requisite majority of shareholder votes at the AGM held on 15 August 2017 at Rosebank Towers, 15 Biermann Avenue, Rosebank, Johannesburg.
Altogether 78.02% of voted shares in issue, being 1 172 428 683 shares, were represented at the AGM.
The detailed results of the voting are as follows:
|
Resolution |
Number of shares voted |
% ABSTAINED of issued shares |
% AGAINST of shares voted |
% FOR of shares voted |
|
Ordinary No. 1: Re-appointment of auditors, Mazars |
912 228 918 |
0.00002 |
0.0001 |
99.99995 |
|
Ordinary No. 2a: Re-election of JG Scott as director |
WITHDRAWN |
|
|
|
|
Ordinary No. 2b: Re-election of E Bramley as director |
WITHDRAWN |
|
|
|
|
Ordinary No. 3a: Re-appointment of JG Scott as a member of the audit committee |
WITHDRAWN |
|
|
|
|
Ordinary No. 3b: Re-appointment of R Rossiter as chairman of the audit committee |
WITHDRAWN |
|
|
|
|
Ordinary No. 3c: Re-appointment of E Bramley as a member of the audit committee |
WITHDRAWN |
|
|
|
|
Ordinary No. 3d: Re-appointment of I Collier as a member of the audit committee |
WITHDRAWN |
|
|
|
|
Ordinary No. 4: Approval of the general authority to issue shares for cash |
912 228 918 |
0.00002 |
0.96 |
99.04 |
|
Ordinary No. 5: Approval of the remuneration philosophy of the Company |
912 196 918 |
0.003 |
0.0001 |
99.99 |
|
Ordinary No. 6: Approval for the authority to directors or company secretary to sign all documents required |
912 196 918 |
0.003 |
0 |
100 |
|
Special No. 1: Approval for the general authority to repurchase shares |
912 196 918 |
0.0002 |
0.0001 |
99.99 |
|
Special No. 2: Approval of directors remuneration |
912 196 918 |
0.003 |
0.0001 |
99.99 |
|
Special No. 3: Approval to provide inter- company financial assistance |
912 196 918 |
0.00002 |
0.002 |
99.99 |
|
Special No. 4: Approval to provide financial assistance for the subscription and / or purchase of shares in the Company or related or inter-related company |
912 196 918 |
0.00002 |
0.004 |
99.99 |
RESIGNATION OF DIRECTOR AND CHANGES TO IMPORANT BOARD FUNCTIONS
In compliance with paragraph 3.59(c) of the Listings Requirements of the JSE Limited, shareholders of the Company are hereby advised of the following changes to important board functions with immediate effect.
Mr N Waisberg has been appointed as CEO of the Company replacing Mr P Cilliers. Mr P Cilliers has resigned as a director of the Company.
Mr M Naude has been appointed as full time CFO of the Company. Johannesburg
15 August 2017
Designated Advisor: PSG Capital Proprietary Limited