Enhanced Investments - Financial Portal

Results of Annual General Meeting

Published: 2023-11-24 11:20:29 ET

Primeserv Group Limited
Incorporated in the Republic of South Africa
(Registration number 1997/013448/06)
Share code: PMV
ISIN: ZAE000039277
(“Primeserv” or “the company”)

RESULTS OF ANNUAL GENERAL MEETING

Shareholders are advised that, at the annual general meeting of the
company held on Friday, 24 November 2023, all the ordinary
resolutions and the special resolutions were passed by the requisite
majority of shareholders present and voting, in person or by proxy.

Details of the results of voting at the annual general meeting are
as follows:
- total number of issued ordinary shares: 116 747 100
- Total number of issued ordinary shares net of treasury shares
(“Total Votable Ordinary Shares”): 76 668 647
-   total   number   of   issued   ordinary   shares   which   were
present/represented at the annual general meeting: 30 452 948 being
39.72% of the Total Votable Ordinary Shares.

Ordinary Resolutions
Ordinary resolution 1.1: Appointment of PKF Octagon Incorporated as
independent auditors
 For (1)          Against (1)      Abstentions (2) Shares voted
                                                    (3)
 29 417 392       1 035 206 being 350 being 0.00% 30 452 598
 being 96.60%     3.40%                             being 39.72%

Ordinary resolution 1.2: Appointment of WM Wasowicz as designated
audit partner
 For (1)         Against (1)      Abstentions (2) Shares voted
                                                  (3)
 29 417 392      1 035 206 being 350 being 0.00% 30 452 598
 being 96.60%    3.40%                            being 39.72%

Ordinary resolution 1.3: Confirmation of auditors’ remuneration
 For (1)          Against (1)      Abstentions (2) Shares voted
                                                    (3)
 29 417 392       1 035 206 being 350 being 0.00% 30 452 598
 being 96.60%     3.40%                             being 39.72%

Ordinary resolution 2.1: Re-election of non-executive director –
LM Maisela
For (1)          Against (1)       Abstentions (2)   Shares voted
                                                     (3)
29 417 392       1 035 206 being   350 being 0.00%   30 452 598
being 96.60%     3.40%                               being 39.72%

Ordinary resolution 2.2: Re-election of non-executive director –
DL Rose
 For (1)          Against (1)      Abstentions (2) Shares voted
                                                    (3)
 29 417 392       1 035 206 being 350 being 0.00% 30 452 598
 being 96.60%     3.40%                             being 39.72%

Ordinary resolution 3.1: Re-election of the members of the Audit,
Governance and Risk Committee: DL Rose
 For (1)          Against (1)      Abstentions (2) Shares voted
                                                    (3)
 29 417 392       1 035 206 being 350 being 0.00% 30 452 598
 being 96.60%     3.40%                             being 39.72%

Ordinary resolution 3.2: Re-election of the members of the Audit,
Governance and Risk Committee: LM Maisela
 For (1)          Against (1)      Abstentions (2) Shares voted
                                                    (3)
 29 417 392       1 035 206 being 350 being 0.00% 30 452 598
 being 96.60%     3.40%                             being 39.72%

Ordinary resolution 3.3: Re-election of the members of the Audit,
Governance and Risk Committee: KM Matjila
 For (1)          Against (1)      Abstentions (2) Shares voted
                                                    (3)
 29 417 392       1 035 206 being 350 being 0.00% 30 452 598
 being 96.60%     3.40%                             being 39.72%

Ordinary resolution 4: Authority for directors or Company
Secretary to implement the resolutions
 For (1)          Against (1)      Abstentions (2) Shares voted
                                                    (3)
 29 417 392       1 035 206 being 350 being 0.00% 30 452 598
 being 96.60%     3.40%                             being 39.72%

Non-binding advisory resolutions
Non-binding advisory resolution 1: Endorsement of the Primeserv
Remuneration Policy
 For (1)          Against (1)      Abstentions (2) Shares voted
                                                    (3)
 29 417 392       1 035 206 being 350 being 0.00% 30 452 598
 being 96.60%     3.40%                             being 39.72%
Non-binding advisory resolution 2: Endorsement of Primeserv
Remuneration Policy Implementation
 For (1)          Against (1)      Abstentions (2) Shares voted
                                                    (3)
 29 417 392       1 035 206 being 350 being 0.00% 30 452 598
 being 96.60%     3.40%                             being 39.72%

Special resolutions
Special resolution 1: To confirm the non-executive directors’
remuneration for 2024
 For (1)          Against (1)      Abstentions (2) Shares voted
                                                    (3)
 29 417 392       1 035 206 being 350 being 0.00% 30 452 598
 being 96.60%     3.40%                             being 39.72%

Special resolution 2: Authority to provide financial assistance to
related or inter-related companies of the company
 For (1)          Against (1)      Abstentions (2) Shares voted
                                                    (3)
 29 417 392       1 035 206 being 350 being 0.00% 30 452 598
 being 96.60%     3.40%                             being 39.72%

Special resolution 3: General authority to repurchase shares
 For (1)          Against (1)      Abstentions (2) Shares voted
                                                    (3)
 29 417 392       1 035 206 being 350 being 0.00% 30 452 598
 being 96.60%     3.40%                             being 39.72%

Notes:
(1) The votes carried for and against each individual resolution
are disclosed as a percentage in relation to the total number of
ordinary shares voted (whether in person or by proxy) in respect
of such individual resolution at the annual general meeting.
(2)The total number of ordinary shares abstained in respect of
each individual resolution (whether in person or by proxy) is
disclosed as a percentage in relation to the Total Votable Ordinary
Shares.
(3) The total number of ordinary shares voted (whether in person
or by proxy) at the annual general meeting in respect of each
individual resolution is disclosed as a percentage in relation to
the Total Votable Ordinary Shares.

Illovo
24 November 2023

Sponsor
Grindrod Bank Limited

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.