MR PRICE GROUP LIMITED Mr Price Group Limited
(Incorporated in the Republic of South Africa) (Registration number 1933/004418/06)
ISIN: ZAE000200457
Share Code: MRP
("Mr Price Group" or "the Group")
REPORT ON PROCEEDINGS AT THE ANNUAL GENERAL MEETINGAt the 83rd Annual General Meeting ("AGM") of the shareholders of Mr Price Group Limited held today, 31 August 2016, all the ordinary and special resolutions proposed at the meeting were unaltered from that reflected in the Notice of Meeting and were approved by the requisite majority of votes.
In this regard, Mr Price Group Limited confirms the voting statistics from the AGM as follows:
Resolutions | Votes carried disclosed as a percentage in relation to the total number of shares voted at the meeting | Number of votes cast, including abstentions | Votes for and against as a percentage of issued share capital votes | Abstentions as a percentage of issued share capital votes | ||
For | Against | Abstain | ||||
Ordinary resolution number 1 - Adoption of the Annual Financial Statements | 99.90 | 0.00 | 0.10 | 337,479,498 | 87.04 | 0.09 |
Ordinary resolution numbers 2.1 to 2.3 - Re-election of Directors retiring by rotation | ||||||
2.1 Mr SB Cohen | 99.06 | 0.88 | 0.06 | 337,479,498 | 87.07 | 0.05 |
2.2 Mr K Getz | 98.26 | 1.68 | 0.06 | 337,479,498 | 87.07 | 0.05 |
2.3 Mr MJD Ruck | 99.39 | 0.54 | 0.06 | 337,479,498 | 87.07 | 0.05 |
Ordinary resolution number 3 - Re-election of independent auditor | 87.67 | 12.26 | 0.06 | 337,479,498 | 87.07 | 0.05 |
Ordinary resolution numbers 4.1 to 4.4 - Election of members of the Audit and Compliance Committee | ||||||
4.1 Mr MR Johnston | 85.87 | 14.01 | 0.12 | 337,479,498 | 87.02 | 0.10 |
4.2 Ms D Naidoo | 99.56 | 0.32 | 0.12 | 337,479,498 | 87.02 | 0.10 |
4.3 Mr MJD Ruck | 99.35 | 0.53 | 0.12 | 337,479,498 | 87.02 | 0.10 |
4.4 Mr WJ Swain | 85.96 | 13.92 | 0.12 | 337,479,498 | 87.02 | 0.10 |
Ordinary resolution number 5 - Non-binding advisory vote on the Remuneration policy of the Company | 84.66 | 15.21 | 0.13 | 337,479,498 | 87.01 | 0.12 |
Ordinary resolution number 6 - Adoption of the Report of the SETS Committee | 90.21 | 9.69 | 0.10 | 337,479,498 | 87.04 | 0.09 |
Ordinary resolution number 7 - Signature of documents | 99.94 | 0.00 | 0.06 | 337,479,498 | 87.07 | 0.05 |
Ordinary resolution number 8 - Control of authorised but unissued shares | 94.54 | 5.40 | 0.06 | 337,479,498 | 87.07 | 0.05 |
Special resolution numbers 1.1 to 1.10 - Non-executive Director remuneration: | ||||||
1.1 Independent non-executive Chairman of the Company - R1 327 500 | 99.89 | 0.05 | 0.06 | 337,479,498 | 87.07 | 0.05 |
1.2 Honorary Chairman of the company - R663 750 | 99.17 | 0.76 | 0.06 | 337,479,498 | 87.07 | 0.05 |
1.3 Lead Director of the Company - R393 000 | 99.03 | 0.91 | 0.06 | 337,479,498 | 87.07 | 0.05 |
1.4 Other Director of the Company - R329 250 | 99.92 | 0.02 | 0.06 | 337,479,498 | 87.07 | 0.05 |
1.5 Chairman of the Audit and Compliance Committee - R205 000 | 99.92 | 0.01 | 0.06 | 337,479,498 | 87.07 | 0.05 |
1.6 Member of the Audit and Compliance Committee - R121 600 | 99.92 | 0.01 | 0.06 | 337,479,498 | 87.07 | 0.05 |
1.7 Chairman of the Remuneration and Nominations Committee - R167 800 | 99.92 | 0.01 | 0.06 | 337,479,498 | 87.07 | 0.05 |
1.8 Member of the Remuneration and Nominations Committee - R87 650 | 99.92 | 0.01 | 0.06 | 337,479,498 | 87.07 | 0.05 |
1.9 Chairman of the Social, Ethics, Transformation and Sustainability Committee - R133 800 | 99.92 | 0.01 | 0.06 | 337,479,498 | 87.07 | 0.05 |
1.10 Member of the Social, Ethics, Transformation and Sustainability Committee - R84 950 | 99.92 | 0.01 | 0.06 | 337,479,498 | 87.07 | 0.05 |
Special resolution No. 2 - General authority to repurchase shares | 99.55 | 0.32 | 0.13 | 326,045,118 | 84.07 | 0.11 |
Special resolution No. 3 - Specific authority to repurchase shares | 99.67 | 0.21 | 0.12 | 326,045,118 | 84.07 | 0.10 |
Special resolution No. 4 - Financial assistance to related or inter-related Company | 99.81 | 0.07 | 0.12 | 337,479,498 | 87.02 | 0.10 |
Special resolution No. 5.1 - Amendment to MOI (part 1 proxy submission) | 99.52 | 0.21 | 0.27 | 337,479,498 | 86.90 | 0.23 |
Special resolution No. 5.2 - Amendment to MOI (part 2 fractional entitlements) | 99.73 | 0.00 | 0.27 | 337,479,498 | 86.90 | 0.23 |
The total issued share capital is 255 995 880 ordinary shares (which carry 1 vote per share) and 10 945 081 B-ordinary shares (which carry 12 votes per share).
The special resolution/s will, where necessary, be lodged for registration with the Companies and Intellectual Property Commission in due course.
Durban
31 August 2016 Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Mr Price Group Limited published this content on 31 August 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 01 September 2016 12:53:09 UTC.
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