Blue Label Telecoms : Report on annual general meeting proceedings
November 27, 2015 at 05:34 am EST
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Blue Label Telecoms Limited
(Incorporated in the Republic of South Africa) (Registration number 2006/022679/06)
JSE Share code: BLU ISIN: ZAE000109088
('Blue Label' or 'the Company')
REPORT ON ANNUAL GENERAL MEETING PROCEEDINGS
Blue Label shareholders are advised that at the Annual General Meeting ('AGM') of members held on Friday, 27 November 2015, all the ordinary and special resolutions as proposed in the Notice of the AGM were approved by the requisite majority of members. In this regard, Blue Label confirms the voting results at the AGM as follows:
%
Number
Total number of shares that could be voted at meeting
674,509,042
Total number of shares present/represented including proxies at meeting
72
488,604,046
Total number of members present
20
Votes in Favour
%
Votes Against
%
Abstentions
% of issued share capital
Ordinary Resolution Number 1
Election of Independent Non-Executive Director
1.1 Y Mahomed
488,600,328
100
-
-
3,718
0.001
Ordinary Resolution Number 2 Re-election of Independent Non-Executive Director
2.1 GD Harlow
487,711,506
99.82
888,822
0.18
3,718
0.001
Ordinary Resolution Number 3 Re-election of Independent Non-Executive Director
3.1 SJ Vilakazi
488,600,328
100
-
-
3,718
0.001
Ordinary Resolution Number 4 Election of Non-Executive Director
4.1 KM Ellerine
481,093,377
98.46
7,506,951
1.54
3,718
0.001
Ordinary Resolution Number 5
Re-appointment of external Auditors
488,600,328
100
-
-
3,718
0.001
Ordinary Resolution Number 6 Appointment of Member and Chairman of the Audit, Risk and Compliance Committee
6.1 JS Mthimunye
488,600,328
100
-
-
3,718
0.001
Ordinary Resolution Number 7 Appointment of Member of the Audit, Risk and Compliance Committee
7.1 GD Harlow
488,600,328
100
-
-
3,718
0.001
Ordinary Resolution Number 8 Appointment of Member of the Audit, Risk and Compliance Committee
8.1 SJ Vilakazi
488,600,328
100
-
-
3,718
0.001
Ordinary Resolution Number 9 Directors authority to implement ordinary and special resolutions
487,939,470
99.86
660,858
0.13
3,718
0.001
Non binding advisory vote Endorsement of Blue Label's Remuneration Policy
413,814,938
84.69
74,785,390
15.31
3,718
0.001
Special Resolution Number 1 Remuneration of Non-executive Directors
Blue Label Telecoms Limited specializes in distributing prepaid electronic chips primarily for the telephone communication and electricity consumption. Net sales break down by activity as follows:
- distribution of prepaid electronic chips (86.6%);
- transfer of digital data to mobile phones services (2.9%). The group also offers telemarketing services ensured in the mobile telephony and insurance sectors;
- other (10.5%).
BLUE LABEL TELECOMS LIMITED 
