12 Jul - 4 min read

Results Of The Annual General Meeting And Update On Appointment Of External Auditor

Results Of The Annual General Meeting And Update On Appointment Of External Auditor

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 UPDATE ON APPOINTMENT OF
EXTERNAL AUDITOR

Shareholders are hereby advised that at the annual general meeting of the Company held at
12:00 p.m. today, Monday, 12 July 2021 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
                       Votes for    against
                       resolution   resolution
                       as a         as a                           Number of      Number of
                       percentage   percentage                     shares         shares
                       of total     of total                       voted at       abstained
                       number of    number of                      AGM as a       as a
Resolutions            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 resolution    99.93%       0.07%          1 166 342 181   87.17%         0.00%
number 1:
To re-elect Mr PE
Burton as a director

Ordinary resolution    99.99%       0.01%          1 166 342 181   87.17%         0.00%
number 2:
To re-elect Ms ZRP
Matsau as a
director

Ordinary resolution    98.66%       1.34%          1 166 342 181   87.17%         0.00%
number 3:
To re-elect Mr PJ
Mouton as a
director

Ordinary resolution    97.38%       2.62%          1 166 342 181   87.17%         0.00%
number 4:
To re-appoint Mr
PE Burton as a
member of the
audit committee

Ordinary resolution    97.45%        2.55%         1 166 342 181   87.17%          0.00%
number 5:
To re-appoint Mr
ZL Combi as a
member of the
audit committee

Ordinary resolution    100.00%       0.00%         1 166 342 181   87.17%          0.00%
number 6:
To re-appoint Ms
ZRP Matsau as a
member of the
audit committee

Ordinary resolution    100.00%       0.00%         1 166 342 181   87.17%          0.00%
number 7:
To appoint Mr AH
Sangqu as a
member of the
audit committee

Ordinary resolution    100.00%       0.00%         1 166 342 181   87.17%          0.00%
number 8:
To appoint Ms TC
Isaacs as a
member of the
audit committee

Ordinary resolution    99.78%        0.22%         1 166 342 181   87.17%          0.00%
number 9:
To appoint the
auditor, Deloitte &
Touche

Ordinary resolution    99.41%        0.59%         1 166 342 181   87.17%          0.00%
number 10:
General authority to
issue ordinary
shares for cash

Ordinary resolution    95.70%        4.30%         1 166 342 181   87.17%          0.00%
number 11:
Non-binding
advisory vote on
PSG Konsult’s
remuneration policy

Ordinary resolution    95.70%        4.30%         1 166 342 181   87.17%          0.00%
number 12:
Non-binding
advisory vote on
PSG Konsult’s
implementation
report on the
remuneration policy

Special resolution     99.76%        0.24%         1 166 342 181    87.17%         0.00%
number 1:
Remuneration of
non-executive
directors

Special resolution     100.00%       0.00%         1 166 342 181    87.17%         0.00%
number 2:
Inter-company
financial assistance
in terms of section
45 of the
Companies Act

Special resolution     99.62%        0.38%         1 166 342 181    87.17%         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     99.22%      0.78%          1 166 342 181     87.17%         0.00%
number 4:
Share repurchases
by PSG Konsult
and its subsidiaries

Note:
*The total number of shares in issue as at 2 July 2021, being the record date to be eligible to
vote at the AGM, was 1 338 049 843, of which 14 976 000 were treasury shares.

UPDATE ON APPOINTMENT OF EXTERNAL AUDITOR

Shareholders are referred to the SENS announcement published on 15 April 2021, advising,
inter alia, that the PSG Konsult group had proposed the appointment of Deloitte & Touche as
external auditor, with Nina le Riche as the designated audit partner, with effect from the
financial year ending 28 February 2022, subject to the approval of the Prudential Authority of
the South African Reserve Bank. The Company is pleased to confirm that the requisite
approval of the Prudential Authority was obtained on 2 July 2021. As indicated above, the
Company’s appointment of Deloitte & Touche was approved by shareholders at the AGM,
through the adoption of ordinary resolution number 9.

Tyger Valley
12 July 2021

JSE Sponsor: PSG Capital Proprietary Limited
Independent Joint JSE Sponsor: UBS South Africa Proprietary Limited
NSX Sponsor: PSG Wealth Management (Namibia) Proprietary Limited, 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.

Date: 12-07-2021 05:00:00
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.
Information on this Website is provided for general information purposes only and is not a substitute for professional advice. ASX Information (including company announcements and prices) is delayed by at least 20 minutes. JSE Information (including company announcements and prices) is delayed by at least 15 minutes. Reliance on the information you access on or from this Website is solely at your own risk. We make no representation or warranty in relation to the future performance of the companies that appear on this Website. Investment in securities involves risk and you should obtain independent professional legal, financial, investment or company advice before acting on any of the information you access on this Website. Using, browsing or otherwise accessing this Website is subject to our Terms and Conditions and our Privacy Policy.

© 2021 Listcorp. ABN 60 166 140 307

Never miss news from PSG Konsult Limited (JSE:KST) when you join Listcorp.