PSG KONSULT LIMITED

(Incorporated in the Republic of South Africa)

Registration Number: 1993/003941/06

JSE Share Code: KST

NSX Share Code: KFS

SEM Share Code: PSGK.N0000

ISIN: ZAE000191417

LEI: 378900ECF3D86FD28194

("PSG Konsult" or "the Company")

RESULTS OF THE ANNUAL GENERAL MEETING AND CHANGE TO THE BOARD

Shareholders are hereby advised that at the annual general meeting of the Company held at 12:00 p.m. today, Monday, 11 July 2022 via electronic communication ("AGM"), all of the resolutions were passed by the requisite majorities of the Company's shareholders.

Details of the results of the voting at the AGM are as follows:

Votes for

Votes

against

resolution

resolution

as a

as a

Number of

Number of

percentage

percentage

shares

shares

of total

of total

voted at

abstained

Resolutions

number of

number of

AGM as a

as a

shares

shares

Number of

percentage

percentage

proposed at the

voted at

voted at

shares voted

of shares in

of shares in

AGM

AGM

AGM

at AGM

issue*

issue*

Ordinary

100.00%

0.00%

1 184 975 593

89.67%

0.00%

resolution

number 1:

To re-elect Mr ZL

Combi as a

director

Ordinary

99.36%

0.64%

1 184 975 593

89.67%

0.00%

resolution

number 2:

To re-elect Mr W

Theron as a

director

Ordinary

94.78%

5.22%

1 184 975 593

89.67%

0.00%

resolution

number 3:

To re-appoint Mr

PE Burton as a

member of the

audit committee

Ordinary

94.35%

5.65%

1 184 975 588

89.67%

0.00%

resolution

number 4:

To re-appoint Mr

ZL Combi as a

member of the

audit committee

Ordinary

99.99%

0.01%

1 184 975 593

89.67%

0.00%

resolution

number 5:

To re-appoint Ms

ZRP Matsau as a

member of the

audit committee

Ordinary

99.99%

0.01%

1 184 975 593

89.67%

0.00%

resolution

number 6:

To appoint Mr AH

Sangqu as a

member of the

audit committee

Ordinary

100.00%

0.00%

1 184 975 593

89.67%

0.00%

resolution

number 7:

To appoint Ms TC

Esau-Isaacs as a

member of the

audit committee

Ordinary

99.80%

0.20%

1 184 975 593

89.67%

0.00%

resolution

number 8:

To re-appoint the

auditor, Deloitte &

Touche

Ordinary

99.76%

0.24%

1 184 975 593

89.67%

0.00%

resolution

number 9:

General authority

to issue ordinary

shares for cash

Ordinary

93.92%

6.08%

1 184 975 593

89.67%

0.00%

resolution

number 10:

Non-binding

advisory vote on

PSG Konsult's

remuneration

policy

Ordinary

93.92%

6.08%

1 184 975 593

89.67%

0.00%

resolution

number 11:

Non-binding

advisory vote on

PSG Konsult's

implementation

report on the

remuneration

policy

Special resolution

99.79%

0.21%

1 184 975 593

89.67%

0.00%

number 1:

Remuneration of

non-executive

directors

Special resolution

100.00%

0.00%

1 184 975 593

89.67%

0.00%

number 2:

Inter-company

financial

assistance in

terms of section

45 of the

Companies Act

Special resolution

99.35%

0.65%

1 184 975 593

89.67%

0.00%

number 3:

Financial

assistance for the

acquisition of

shares in the

Company or in a

related or inter-

related company

in terms of

section 44 of the

Companies Act

Special resolution

99.69%

0.31%

1 184 975 593

89.67%

0.00%

number 4:

Share

repurchases by

PSG Konsult and

its subsidiaries

Note:

*Total number of shares in issue as at the date of the AGM was 1 321 485 043 of which 13 468 307 were treasury shares, and taking into account shares repurchased in the market and that are in the process of being delisted.

CHANGE TO THE BOARD

Shareholders are advised that the board of directors has today resolved to appoint Mr Andile Hesperus Sangqu, an independent non-executive director of the Company, to replace Mr Jacob de Vos du Toit ("Jaap") as lead independent director, with immediate effect. Jaap retired by rotation at the AGM and did not make himself available for re-election to the board. The board would again like to thank Jaap for his valuable contribution to the Company and wishes him well in his future endeavours.

Tyger Valley

11 July 2022

JSE Sponsor: PSG Capital Proprietary Limited

Independent Joint JSE Sponsor: Tamela Holdings Proprietary Limited

NSX Sponsor: PSG Wealth Management (Namibia) Proprietary Ltd, member of the Namibian Stock Exchange

SEM authorised representative and SEM Sponsor: Perigeum Capital Ltd

This notice is issued pursuant to the JSE Listings Requirements, SEM Listing Rule 15.24 and the Mauritian Securities Act 2005. The board of directors of PSG Konsult accepts full responsibility for the accuracy of the information contained in this communiqué.

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PSG Konsult Ltd. published this content on 11 July 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 July 2022 15:33:00 UTC.