Results of General Meeting regarding disposal of subsidiary
Results of General Meeting regarding disposal of subsidiary Stefanutti Stocks Holdings Limited (Registration number 1996/003767/06) Share code: SSK ISIN: ZAE000123766 (“Stefanutti Stocks” or “the Company”) RESULTS OF GENERAL MEETING 1. Introduction Stefanutti Stocks’ shareholders (“Shareholders”) are referred to the circular issued by the Company dated 28 April 2021 (“Circular”), containing a notice convening a general meeting of Shareholders (“Notice of General Meeting”) to consider and, if deemed fit, approve the disposal by Stefanutti Stocks Proprietary Limited, a wholly owned subsidiary of Stefanutti Stocks, of the Mining Services Division of Stefanutti Stocks, comprising the Materials Handling and Tailings Management sub-divisions but excluding the Contract Mining sub-division (the "Transaction”). Unless otherwise indicated, capitalised words and terms contained in this announcement shall bear the same meanings ascribed thereto in the Circular. 2. Results of the General Meeting 2.1 Shareholders are advised that at the General Meeting held today, Wednesday, 26 May 2021, the ordinary resolutions set out in the Notice of General Meeting required to be approved by Shareholders to authorise and implement the Transaction, were passed by the requisite majority of votes of Shareholders present in person or represented by proxy at the General Meeting (which was held entirely by electronic communication). 2.2 The total number of voteable shares in issue at the date of the General Meeting was 167 243 684. The total number of shares present/represented, including proxies, entitled to vote at the General Meeting was 99 301 073 ordinary shares or 59,38% of Stefanutti Stocks’ issued ordinary share capital as of Friday, 21 May 2021, being the record date to be eligible to vote at the General Meeting. 2.3 The voting results of the resolutions proposed at the General Meeting, namely in favour (as a percentage of shares voted), against (as a percentage of shares voted) and abstain (as a percentage of total issued share capital), and shares voted (as a percentage of total issued share capital of the Company) are as follows: Ordinary resolution number 1 – Approval of the Transaction FOR AGAINST ABSTAIN SHARES VOTED 99 258 573 - 42 500 99 258 573 100,00% - 0,03% 59,34% Ordinary resolution number 2 – Authority granted to directors FOR AGAINST ABSTAIN SHARES VOTED 99 258 573 - 42 500 99 258 573 100,00% - 0,03% 59,34% Johannesburg 26 May 2021 Sponsor: Bridge Capital Advisors Proprietary Limited Legal Advisor: Webber Wentzel Transaction Advisor: Birkett Stewart McHendrie Proprietary Limited Date: 26-05-2021 12:48:00 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.
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