SacOil Holdings Limited Result of AGM (5417R)
September 12 2014 - 8:00AM
UK Regulatory
TIDMSAC
RNS Number : 5417R
SacOil Holdings Limited
12 September 2014
SACOIL HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1993/000460/06)
JSE share code: SCL AIM share code: SAC
ISIN: ZAE000127460
("SacOil")
Results of annual general meeting
Shareholders are referred to the notice of annual general
meeting ("AGM") attached to the integrated annual report for the
year ended 28 February 2014, posted to shareholders on 19 June
2014.
Shareholders are advised that at the AGM held today, the
following ordinary and special resolutions contained in the notice
of AGM, were passed by the requisite majority of shareholders
present or represented by proxy:
1. Ordinary resolution number 1 relating to the adoption of the
annual financial statements for the year ended 28 February 2014
with a 100% majority;
2. Ordinary resolution number 2 relating to the confirmation of
the appointment of Bradley Cerff as a director with a 100%
majority;
3. Ordinary resolution number 3 relating to the reappointment of
the external auditor with a 100% majority;
4. Ordinary resolutions number 4.1 to 4.3 relating to the
re-election of directors who retire by rotation:
-- Tito Mboweni with a 96.48% majority;
-- Mzuvukile Maqetuka with a 96.48% majority; and
-- Stephanus Muller with a 100% majority;
5. Ordinary resolutions number 5.1 to 5.3 relating to the election of Audit Committee members:
-- Stephanus Muller (Chairman) with a 100% majority;
-- Vusumzi Pikoli with a 100% majority; and
-- Mzuvukile Maqetuka with a 96.48% majority;
6. Ordinary resolution number 6 relating to the endorsement of
SacOil's remuneration policy with a 97.86% majority;
7. Ordinary resolution number 7 relating to the general
authority to directors to allot and issue authorised but unissued
ordinary shares with a 100% majority;
8. Ordinary resolution number 8 relating to the general
authority to issue shares for cash with a 97.87% majority;
9. Ordinary resolution number 9 relating to the authority to
sign all required documentation with a 100% majority;
10. Ordinary resolution number 10 relating to the amendments to
the SacOil Share Option Scheme with a 97.87% majority;
11. Special resolution number 1 relating to the general
authority to acquire (repurchase) shares with a 97.87%
majority;
12. Special resolution number 2 relating to the remuneration of
non-executive directors with a 100% majority; and
13. Special resolution number 3 relating to the financial
assistance in terms of sections 44 and 45 of the Companies Act with
a 100% majority.
All of the special resolutions passed at the AGM will be filed
with, and registered where required, with the Companies and
Intellectual Property Commission.
12 September 2014
ENDS
JSE Sponsor
Nedbank Capital
For further information please contact:
finnCap Limited (Nominated Adviser
and Broker) +44 (0) 20 7220 0500
Matthew Robinson / Christopher Raggett
FirstEnergy Capital (Joint Broker
UK)
Majid Shafiq/ Travis Inlow +44 (0) 20 7448 0200
Pelham Bell Pottinger (Press Relations
UK)
Philip Dennis +44 (0) 20 3772 2557
Rollo Crichton-Stuart +44 (0) 20 3772 2569
This information is provided by RNS
The company news service from the London Stock Exchange
END
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