PFG: PIONEER FOOD GROUP LIMITED - Results of the General Meeting |
PFG: PIONEER FOOD GROUP LIMITED - Results of the General Meeting Results of the General Meeting PIONEER FOOD GROUP LIMITED (Incorporated in the Republic of South Africa) (Registration number: 1996/017676/06) Share code: PFG ISIN: ZAE000118279 ('Pioneer Foods' or 'the Company') RESULTS OF THE GENERAL MEETING Shareholders are hereby advised that at the general meeting of the Company held at 10h00, today, Tuesday, 15 October 2019 at the Cape Town Marriott Hotel Crystal Towers, Corner Century Boulevard and Rialto Road, Century City, Cape Town, South Africa, ('GM'), all of the resolutions were passed by the requisite majority of the Company´s shareholders. The detailed voting results of the GM are set out below: Resolution Number of shares Percentage of In favour of** Against** Abstained*** voted shares in issue* % % % % Ordinary Class A Ordinary Class A Ordinary Class A Ordinary Class A Ordinary Class A shares Ordinary shares Ordinary shares Ordinary shares Ordinary shares Ordinary shares shares shares shares shares Special resolution 139,012,025 2,629,130 62.67% 100% 99.98% 100% 0.02% 0% 0.10% 0% number 1 Approval of the Scheme in terms of sections 114 and 115 of the Companies Act by Pioneer Foods Shareholders Special resolution 139,009,346 n/a 62.67% n/a 99.98% n/a 0.02% n/a 0.10% n/a number 2 Approval of the Scheme in terms of sections 114 and 115 of the Companies Act by Pioneer Foods Ordinary Shareholders Special resolution 128,224,081 2,629,130 57.80% 100% 99.97% 100% 0.03% 0% 0.12% 0% number 3 BEE Trust Repurchase Special resolution 139,019,431 n/a 62.67% n/a 99.98% n/a 0.02% n/a 0.09% n/a number 4 Pioneer Foods Class A Repurchase Special resolution 139,007,348 2,629,130 62.66% 100% 99.98% 100% 0.02% 0% 0.10% 0% number 5 Revocation of Special Resolution Number 1, Special Resolution Number 2, Special Resolution Number 3 and/or Special Resolution Number 4 Special resolution 139,020,230 2,629,130 62.67% 100% 99.97% 100% 0.03% 0% 0.09% 0% number 6 Approval for the payment of fees to the members of the Independent Board Ordinary resolution 139,022,110 2,629,130 62.67% 100% 99.57% 100% 0.43% 0% 0.09 0% number 1 Delisting of Pioneer Foods Ordinary Shares from the main board of the JSE Ordinary resolution 138,519,493 2,629,130 62.44% 100% 99.91% 100% 0.09% 0% 0.12% 0% number 2 PSR Amendment Ordinary resolution 132,541,365 2,629,130 59.75% 100% 99.97% 100% 0.03% 0% 0.09% 0% number 3 BEE Payment Ordinary resolution 139,021,992 2,629,130 62.67% 100% 99.98% 100% 0.02% 0% 0.09% 0% number 4 Implementation * Based on 203,846,242 ordinary shares (221,828,298 ordinary shares less 17,982,056 treasury shares) and 2,629,130 class A ordinary shares in issue at the date of the GM. ** In relation to the total number of shares voted at the GM. *** In relation to the total number of shares in issue at the date of the GM. Shareholders are advised that the PepsiCo Offer, as defined in the combined circular distributed to Pioneer Foods shareholders on 29 August 2019, is still subject to various conditions precedent. Tyger Valley 15 October 2019 Transaction advisor and Sponsor PSG Capital Date: 15/10/2019 01:18:00 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. |
2019-10-15 13:18:00 Source: JSE News Service (SENS) |
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Pioneer Food Group Limited published this content on 15 October 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 October 2019 12:11:07 UTC