Enhanced Investments - Financial Portal

Results of Annual General Meeting ("AGM")

Published: 2023-12-01 14:39:46 ET

                                   TELEMASTERS HOLDINGS LIMITED
                               (Registration Number: 2006/015734/06)
                                 JSE Code: TLM ISIN: ZAE000093324
                                 (“TeleMasters” or “the Company”)


                          RESULTS OF ANNUAL GENERAL MEETING (“AGM”)


Shareholders are advised that at the AGM of TeleMasters shareholders held on Friday,
1 December 2023, all the resolutions proposed at the AGM, as reflected in the Notice of AGM
included in the Company’s Integrated Annual Report for the year ended 30 June 2023, were
passed by the requisite majority of votes.

Details of the results of voting were as follows:

 Total number of shares in issue at the date of the AGM                              57 482 830
 Total number of shares present/represented at the AGM, including proxies, as
 a percentage of issued shares                                                       44 970 314
 Total number of shares present/represented at the AGM, including proxies, as
 a percentage of votable shares                                                          78.23%

The resolutions proposed at the AGM, together with the percentage of votes carried for and
against each resolution, are set out below:


 Resolution                                         For   Against       Abstain     Total Shares
 Ordinary resolution number 1:
 Adoption of Consolidated                 44 970 314                                 44 970 314
 Annual Financial Statements                  (100%)             -              -        (100%)
 Ordinary resolution number 2:            44 970 314                                 44 970 314
 Director election – BR Topham                (100%)             -              -        (100%)
 Ordinary resolution number 3:            44 970 314                                 44 970 314
 Director election – MJ Krastanov             (100%)             -              -        (100%)
 Ordinary resolution number 4:
 Director retirement and re-              44 970 314                                 44 970 314
 election – WF Steinberg                      (100%)             -              -        (100%)
 Ordinary resolution number 5:
 Director retirement and re-              44 970 314                                 44 970 314
 election – M Tappan                          (100%)             -              -        (100%)
 Ordinary resolution number 6:            44 970 314                                 44 970 314
 Directors’ remuneration                      (100%)             -              -        (100%)
 Ordinary resolution number 7:
 Appointment of auditors and              44 970 314                                 44 970 314
 remuneration                                 (100%)             -              -        (100%)
 Ordinary resolution number 8:
 General authority to allot and           44 970 314                                 44 970 314
 issue shares for cash                        (100%)             -              -        (100%)
Ordinary resolution number 9:
Authority to execute requisite       44 970 314                         44 970 314
documentation                            (100%)              -      -       (100%)
Ordinary resolution number 10:
Appointment of MJ Krastanov
as member and Chair of Audit         44 970 314                         44 970 314
and Risk Committee                       (100%)              -      -       (100%)
Ordinary resolution number 11:
Appointment of M Tappan as
member of Audit and Risk             44 970 314                         44 970 314
Committee                                (100%)              -      -       (100%)
Ordinary resolution number 12:
Appointment of WF Steinberg as
member of Audit and Risk             44 970 314                         44 970 314
Committee                                (100%)              -      -       (100%)
Ordinary resolution number 13:
Appointment of DJ Bate as
member of Audit and Risk             44 970 314                         44 970 314
Committee                                (100%)              -      -       (100%)
Non-binding advisory resolution
number 1:
Approval of Remuneration             44 970 314                         44 970 314
Policy                                   (100%)              -      -       (100%)
Non-binding advisory resolution
number 2:
Approval of Implementation           44 970 314                         44 970 314
report                                   (100%)              -      -       (100%)
Special resolution number 1:
Non-Executive Directors’             44 970 314                         44 970 314
remuneration                             (100%)              -      -       (100%)
Special resolution number 2:
General authority to enter into
funding agreements, Provide
loans or other financial             44 970 314                         44 970 314
assistance                               (100%)              -      -       (100%)
Special resolution number 3:
General authority to repurchase      44 970 314                         44 970 314
shares                                   (100%)              -      -       (100%)
Special resolution number 4:         44 970 314                         44 970 314
Name change                              (100%)              -      -       (100%)


Waterfall City
1 December 2023
                                   Designated Advisor
                           AcaciaCap Advisors Proprietary Limited

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

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Performance results were prepared by Enhanced Investments, and have not been compiled, reviewed or audited by an independent accountant. Performance estimates are subject to future adjustment and revision. Investors should be aware that a loss of investment is possible. Account holdings are for illustrative purposes only and are not investment recommendations. Additional information, including (i) the calculation methodology; and (ii) a list showing the contribution of each holding to the portfolio’s performance during the time period will be provided upon request.
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Performance results were prepared by Enhanced Investments, and have not been compiled, reviewed or audited by an independent accountant. Performance estimates are subject to future adjustment and revision. Investors should be aware that a loss of investment is possible. Account holdings are for illustrative purposes only and are not investment recommendations. Additional information, including (i) the calculation methodology; and (ii) a list showing the contribution of each holding to the portfolio’s performance during the time period will be provided upon request.
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.