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Sanlam Limited
(Incorporated in the Republic of South Africa)
Registration number 1959/001562/06
JSE share code: SLM
NSX share code: SLA
A2X share code: SLM
ISIN: ZAE000070660
(“Sanlam” or the “Company”)
Sanlam Life Insurance Limited
(Incorporated in the Republic of South Africa)
(Registration No. 1998/021121/06)
Bond Issuer Code: BISLI
(“Sanlam Life”)
Results of the Sanlam Annual General Meeting - 2023
Shareholders are advised that the special and ordinary resolutions proposed in the notice to shareholders
dated 31 March 2023 were passed by the requisite majority of votes of shareholders in attendance or
represented by proxy at the 25th annual general meeting held on Wednesday, 07 June 2023 at 14:00
(“Annual General Meeting”).
As at Friday, 26 May 2023, being the Annual General Meeting record date (“Voting Record Date”), the total
number of Sanlam ordinary shares of 1 cent each in issue was 2,226,974,408 (“Sanlam Issued Ordinary
Shares”).
The Sanlam ordinary shares eligible to vote by being present in person or by submitting proxies was
1,701,520,515, being 76,41% of Sanlam Issued Ordinary Shares.
The voting details with respect to the proposed resolutions were as follows:
1. Ordinary Resolution No 1 – Presenting the Sanlam Annual Reporting Suite (incorporating the
Integrated Report, Corporate Governance Report, Remuneration Report, Sustainability Report
and Annual Financial Statements) for the year ended 31 December 2022
Ordinary Shares
Total Ordinary Shares voted
abstained
For (%)(1) Against (%)(1) Number %(2) %(2)
100.00% 0.00% 1,698,350,901 76.26% 0.14%
2. Ordinary Resolution No 2 – Reappointment of KPMG Inc. as independent auditors for the 2023
financial year with Mr P Fourie as the individual and designated auditor
Ordinary Shares
Total Ordinary Shares voted
abstained
For (%)(1) Against (%)(1) Number %(2) %(2)
99.82% 0.18% 1,699,352,908 76.31% 0.10%
3. Ordinary Resolution No 3 – Reappointment of PricewaterhouseCoopers Inc. as joint
independent auditors with for the 2023 financial year with Mrs A du Preez as the individual and
designed auditor
Ordinary Shares
Total Ordinary Shares voted
abstained
For (%)(1) Against (%)(1) Number %(2) %(2)
99.81% 0.19% 1,699,351,058 76.31% 0.10%
4. Ordinary Resolution No 4 - Appointment of director
Ordinary
Total Ordinary Shares voted Shares
abstained
Director For Against
Number %(2) %(2)
(%)(1) (%)(1)
Thembisa Skweyiya 99.99% 0.01% 1,699,349,372 76.31% 0.10%
5. Ordinary Resolution No 5 – Re‑election of non-executive directors
Ordinary
Total Ordinary Shares voted Shares
abstained
Director Against
For Number %(2) %(2)
(%)(1)
(%)(1)
5.1 Elias Masilela 97.26% 2.74% 1,682,263,136 75.54% 0.86%
5.2 Andrew Birrell 99.06% 0.94% 1,682,264,436 75.54% 0.86%
5.3 Mathukana Mokoka 97.63% 2.37% 1,682,263,136 75.54% 0.86%
5.4 Nicolaas Kruger 98.98% 1.02% 1,699,351,257 76.31% 0.10%
6. Ordinary Resolution No 6 – Re-election of executive directors
Ordinary
Total Ordinary Shares voted Shares
abstained
Director Against
For (%)(1) Number %(2) %(2)
(%)(1)
Heinie Werth 99.66% 0.34% 1,699,351,581 76.31% 0.10%
7. Ordinary Resolution No 7 – Election of the members of Sanlam Audit Committee
Ordinary
Total Ordinary Shares voted Shares
abstained
Directors Against
For (%)(1) Number %(2) %(2)
(%)(1)
7.1 Andrew Birrell 99.74% 0.26% 1,682,264,136 75.54% 0.86%
7.2 Nicolaas Kruger 99.64% 0.36% 1,699,350,957 76.31% 0.10%
7.3 Mathukana Mokoka 99.48% 0.52% 1,682,262,836 75.54% 0.86%
7.4 Kobus Möller 89.92% 10.08% 1,699,350,957 76.31% 0.10%
7.5 Karabo Nondumo 97.84% 2.16% 1,699,347,632 76.31% 0.10%
8. Ordinary Resolution No 8 – Advisory vote on the Company’s Remuneration Policy and the
Remuneration Implementation Report
Ordinary
Total Ordinary Shares voted Shares
abstained
For Against
Number %(2) %(2)
(%)(1) (%)(1)
8.1 Remuneration policy 93.84% 6.16% 1,699,319,930 76.31% 0.10%
8.2 Remuneration 96.04% 3.96% 1,699,320,577 76.31% 0.10%
implementation
report
9. Ordinary Resolution No 10 – To place unissued ordinary shares under the control of the directors
Ordinary
Total Ordinary Shares voted Shares
abstained
For (%)(1) Against (%)(1) Number %(2) %(2)
94.88% 5.12% 1,699,349,885 76.31% 0.10%
10. Ordinary Resolution No 11 – General authority to issue shares for cash
Ordinary
Total Ordinary Shares voted Shares
abstained
For (%)(1) Against (%)(1) Number %(2) %(2)
94.25% 5.75% 1,699,350,309 76.31% 0.10%
11. Ordinary Resolution No 12 – To authorise any director of the Company and, where applicable, the
secretary of the Company, to implement the aforesaid ordinary resolutions and the
undermentioned special resolutions
Ordinary
Total Ordinary Shares voted Shares
abstained
For (%)(1) Against (%)(1) Number %(2) %(2)
99.63% 0.37% 1,699,349,261 76.31% 0.10%
12. Special Resolution No 1 – Approval of the non-executive directors’ remuneration for their
services as directors
Ordinary
Total Ordinary Shares voted Shares
abstained
For (%)(1) Against (%)(1) Number %(2) %(2)
98.89% 1.11% 1,699,275,597 76.30% 0.10%
13. Special Resolution No 2 – Authority to the Company or a subsidiary of the Company to acquire
the Company’s securities
Ordinary
Total Ordinary Shares voted Shares
abstained
For (%)(1) Against (%)(1) Number %(2) %(2)
98.96% 1.04% 1,699,258,864 76.30% 0.10%
14. Special Resolution No 3 – General authority to provide financial assistance in terms of section
44 the Companies Act
Ordinary
Total Ordinary Shares voted Shares
abstained
For (%)(1) Against (%)(1) Number %(2) %(2)
98.10% 1.90% 1,699,159,353 76.30% 0.11%
15. Special Resolution No 4 – General authority to provide financial assistance in terms of section
45 of the Companies Act
Ordinary
Total Ordinary Shares voted Shares
abstained
For (%)(1) Against (%)(1) Number %(2) %(2)
98.71% 1.29% 1,699,159,677 76.30% 0.11%
16. Special Resolution No 5 – Proposed amendment to clause 27.1.12 of the Memorandum of
Incorporation of the Company
Ordinary
Total Ordinary Shares voted Shares
abstained
For (%)(1) Against (%)(1) Number %(2) %(2)
99.97% 0.03% 1,699,157,964 76.30% 0.11%
17. Special Resolution No 6 – Proposed amendment of the Memorandum of Incorporation of the
Company by insertion of clause 42.
Ordinary
Total Ordinary Shares voted Shares
abstained
For (%)(1) Against (%)(1) Number %(2) %(2)
99.88% 0.12% 1,699,157,490 76.30% 0.11%
(1) Expressed as a percentage of Sanlam voteable ordinary shares for each resolution.
(2) Expressed as a percentage of 2,226,974,408 Sanlam ordinary shares in issued as at the Voting
Record Date.
Group Company Secretary
Adela Fortune
Adela.Fortune@sanlam.co.za
Tygervalley
8 June 2023
Equity Sponsor to Sanlam
The Standard Bank of South Africa Limited
Debt Sponsor to Sanlam Life Insurance Limited
Absa Bank Limited, acting through its Corporate and Investment Banking division
