08 Sep - 4 min read

Results of the 5th Annual General Meeting of MTNZF held on 7 September 2021

Results of the 5th Annual General Meeting of MTNZF held on 7 September 2021

MTN Zakhele Futhi (RF) Limited
(Incorporated in the Republic of South Africa)
(Date of incorporation: 21 June 2016)
(Registration number: 2016/268837/06)
JSE share code: MTNZF
ISIN: ZAE000279402
LEI: 378900429C4F73B1BE74
(“MTNZF” or the “Company”)


RESULTS OF THE 5th ANNUAL GENERAL MEETING OF MTNZF HELD ON 7 SEPTEMBER 2021

Shareholders of MTNZF are advised that at the 5th Annual General Meeting (“AGM”) held on Tuesday, 
7 September 2021 at 11:30 (South African time), all the ordinary and special resolutions, as set out in the
notice of AGM dated 10 August 2021, were presented to the shareholders entitled to vote being present
in person/virtually and/or represented by proxy.

As at Friday, 27 August 2021, being the Voting Record Date:

•     The total number of MTNZF ordinary shares present and represented, including proxies, at the
      meeting was 47 743 053 or 38,7% of MTNZF’s issued ordinary share capital.
•     The total number of MTNZF preference shares present and represented, including proxies, at the
      meeting was 959 848 or 100% of MTNZF’s issued preference share capital.

The MTNZF ordinary share voting results were as follows:

 ORDINARY SHARES                                                                                       SHARES
                                                           TOTAL SHARES VOTED
                                                                                                      ABSTAINED
                                           FOR
                                                     AGAINST (%)           NUMBER              %*           %*
 RESOLUTIONS                               (%)

 Ordinary resolutions
 Ordinary resolution number 1.1
 Re-election of Grant Gelink as a         99,71            0,29           47 662 674          99,83         0,17
 director
 Ordinary resolution number 1.2
 Re-election of Belinda                   99.69            0,31           47 685 913          99,88         0,12
 Mapongwana as a director
 Ordinary resolution number 2.1
 Election of Grant Gelink as a
                                          99,83            0,17           47 654 137          99,81         0,19
 member of the audit and risk
 committee
 Ordinary resolution number 2.2
 Election of Edward Pitsi as a
                                          99,70            0,30           47 681 240          99,87         0,13
 member of the audit and risk
 committee
 Ordinary resolution number 2.3           99,86            0,14           47 676 865          99,86         0,14



                                                                                                       
 Election of Belinda Mapongwana a
 as a member of the audit and risk
 committee
 Ordinary resolution number 3
 Re-appointment of independent            99,79           0,21             47 680 009          99,87          0,13
 auditors

 Special resolutions
 Special resolution number 1
                                          99,24           0,76             47 471 792          99,43          0,57
 Remuneration payable to directors
 Special Resolution number 2
 Amendments to the memorandum             99,73           0,27             47 563 043          99,62          0,38
 of incorporation of the Company
 Special Resolution number 3:
 Financial Assistance pursuant to         99,85           0,15             47 605 719          99,71          0,29
 s44 of the Companies Act

*Expressed as a percentage of 123 416 818 MTNZF ordinary shares in issue as at the Voting Record Date.

The MTNZF preference share voting results were as follows:

 PREFERENCE SHARES                                                                                          SHARES
                                                            TOTAL SHARES VOTED
                                                                                                           ABSTAINED
                                            FOR
                                                       AGAINST (%)           NUMBER              %**           %**
 RESOLUTION                                 (%)

 Special resolutions
 Special Resolution number 2
 Amendments to the memorandum              100,00           0,00              959 848           100,00         0,00
 of incorporation of the Company
 Special Resolution number 3
 Financial Assistance pursuant to          100,00           0,00              959 848           100,00         0,00
 s44 of the Companies Act

**Expressed as a percentage of 959 848 MTNZF preference shares in issue as at the Voting Record Date.

In terms of the memorandum of incorporation of the Company, the percentage of voting rights required
for special resolution numbers 2 and 3 to be adopted is 75% of the voting rights exercised on the resolution
by all holders of shares in the Company (all classes voting). The MTNZF preference shares in aggregate
carry 95% of the total votes exercisable on special resolution numbers 2 and 3 at a general meeting.

Aggregate voting results on special resolution numbers 2 and 3 (all classes voting)

 ALL SHARES                                         TOTAL SHARES VOTED                      SHARES ABSTAINED
                                            FOR
                                                       AGAINST (%)         %***                    %***
 RESOLUTION                                 (%)
 Special Resolution number 2               99,99           0,01           100,00                    0,00



                                                                                                           
 Amendments to the memorandum
 of incorporation of the Company
 Special Resolution number 3
 Financial Assistance pursuant to          99,99           0,01           100,00                   0,00
 s44 of the Companies Act

***Expressed as the aggregate percentage of both the MTNZF ordinary shares and MTNZF preference
    shares in issue as at the Voting Record Date, rounded to two decimal places.

SizweNtsalubaGobodo Grant Thornton Inc. issued a factual finding report on the results.


Johannesburg
8 September 2021

JSE sponsor
Tamela Holdings Proprietary Limited




                                                                                                 3

Date: 08-09-2021 04:50:00
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 MTN Zakhele Futhi (JSE:MTNZF) when you join Listcorp.