Enhanced Investments - Financial Portal

Results of Annual General Meeting

Published: 2023-09-06 16:00:37 ET

  PPC Ltd
  (Incorporated in the Republic of South Africa)
  (Company registration number 1892/000667/06)
  JSE ISIN: ZAE000170049
  JSE code: PPC ZSE code: PPC
  (“PPC” or “Company”)



  Results of Annual General Meeting (“AGM”)



  Shareholders of PPC (“Shareholders”) are hereby advised that all proposed ordinary and
  special resolutions contained in the Notice of the AGM dated 28 July 2023 and tabled at the
  Company’s AGM held on Wednesday, 6 September 2023, were passed by the requisite
  majority of votes cast by Shareholders, as reported below:

  The total number of PPC ordinary shares (“Shares”) in issue that could have voted at the AGM
  was 1 553 764 624 and the total number of Shares present at the AGM in person or by proxy
  was 1 060 292 232, representing 68.24% of the total Shares that could have voted.

Resolutions proposed             Number of Shares   Percentage   Percentage   Percentage   Percentage
                                 voted              Shares       For**        Against**    Abstained*
                                                    voted*
Ordinary Resolution 1.1 – Re-    1,059,560,415      68.19        99.99        0.01         0.05
election of N Gobodo
Ordinary Resolution 1.2 – Re-    1,059,512,584      68.19        89.42        10.58        0.05
election of C Naude
Ordinary Resolution 1.3 – Re-    1,059,512,584      68.19        100.00       0.00         0.05
election of MR Thompson
Ordinary Resolution 2.1 –        1,059,576,467      68.19        99.99        0.01         0.05
Appointment to audit
committee – N Gobodo
Ordinary Resolution 2.2 –        1,059,530,542      68.19        97.10        2.90         0.05
Appointment to audit
committee – N Mkhondo
Ordinary Resolution 2.3 –        1,059,533,267      68.19        99.99        0.01         0.05
Appointment to audit
committee – MR Thompson
Ordinary Resolution 3 –          1,059,537,142      68.19        98.54        1.46         0.05
Appointment of external
auditor
PriceWaterhouseCoopers Inc
(PwC)
Ordinary Resolution 4.1 – Non-   1,059,270,267      68.17        81.42        18.58        0.07
binding advisory vote –
remuneration policy
  Ordinary Resolution 4.2 – Non-     1,059,270,267           68.17           97.06           2.94    0.07
  binding advisory vote –
  remuneration implementation
  report
  Ordinary Resolution 5 –            1,059,516,236           68.19           99.99           0.01    0.05
  Authority to implement
  resolutions
  Special Resolutions 1.1 –          1,059,487,328           68.19           99.98           0.02    0.05
  Financial Assistance – Section
  44
  Special Resolutions 1.2 –          1,059,487,328           68.19           87.17           12.83   0.05
  Financial Assistance – Section
  45
  Special Resolution 2.1 –           1,059,510,859           68.19           95.65           4.35    0.05
  Remuneration – Board
  chairman
  Special Resolution 2.2 –           1,059,510,859           68.19           98.52           1.48    0.05
  Remuneration – Non-executive
  directors
  Special Resolution 2.3 – Audit     1,059,510,859           68.19           99.98           0.02    0.05
  and risk committee chairman
  Special Resolution 2.4 – Audit     1,059,510,859           68.19           99.98           0.02    0.05
  and risk committee – Members
  Special Resolution 2.5 – Social    1,059,490,028           68.19           99.98           0.02    0.05
  and ethics committee –
  Chairman
  Special Resolution 2.6 – Social    1,059,490,028           68.19           99.98           0.02    0.05
  and ethics committee –
  Members
  Special Resolution 2.7 –           1,059,510,859           68.19           99.98           0.02    0.05
  Rewards and talent committee
  – Chairman
  Special Resolution 2.8 –           1,059,510,859           68.19           99.98           0.02    0.05
  Rewards and talent committee
  – Members
  Special Resolution 2.9 –           1,059,510,859           68.19           99.98           0.02    0.05
  Strategy and investment
  committee – Chairman
  Special Resolution 2.10 –          1,059,510,859           68.19           99.98           0.02    0.05
  Strategy and investment
  committee – Members
  Special Resolution 2.11 –          1,059,510,859           68.19           97.11           2.89    0.05
  Special meetings – Chairman
  Special Resolution 2.12 –          1,059,490,028           68.19           97.11           2.89    0.05
  Special meetings – Members
  Special Resolution 3 – General     1,059,746,063           68.21           99.96           0.04    0.04
  authority to repurchase shares



* As a percentage to the total number of PPC ordinary shares in issue, being 1 553 764 624
** As a percentage to the total number of shares voted at the AGM, being 1 060 292 232,
Dunkeld
6 September 2023
Sponsor




Questco Corporate Advisory Proprietary Limited


Financial Communications Advisor:
Instinctif Partners
Louise Fortuin
Mobile: +27 71 605 4294

Enhanced Investments, Inc.
329 South Oyster Bay Road #2085
Plainview, NY 11803
team@eninvs.com

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All statements made via social media sites sponsored or maintained by Enhanced Investments and its affiliates are for informational purposes only and do not constitute a comprehensive description of Enhanced Investments' investment advisory services.
Certain investments are not suitable for all investors. Before investing, consider your investment objectives and applicable fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Information provided by Enhanced Investments is for informational and general educational purposes only and is not investment or financial advice.