Enhanced Investments - Financial Portal

Results of Annual General Meeting

Published: 2022-11-25 12:45:34 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, 25 November 2022, 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: 118 751 833
- Total number of issued ordinary shares net of treasury shares
(“Total Votable Ordinary Shares”): 79 004 733
-   total   number   of   issued   ordinary   shares   which   were
present/represented at the annual general meeting: 31 885 591 being
40.36% of the Total Votable Ordinary Shares.

Ordinary Resolutions
Ordinary resolution 1.1: Appointment of RSM South Africa Inc. as
independent auditors
 For (1)          Against (1)     Abstentions (2) Shares voted
                                                  (3)
 31 885 591       0 being 0%      0 being 0%      31 885 591
 being 100%                                       being 40.36%

Ordinary resolution 1.2: Appointment of Ben Frey as designated audit
partner
 For (1)          Against (1)      Abstentions (2) Shares voted
                                                     (3)
 31 885 591       0 being 0%       0 being 0%        31 885 591
 being 100%                                          being 40.36%

Ordinary resolution 1.3: Confirmation of auditors’ remuneration
 For (1)          Against (1)      Abstentions (2) Shares voted
                                                    (3)
 31 865 591       20 000 being     0 being 0%       31 885 591
 being 99.94%     0.06%                             being 40.36%
Ordinary resolution 2.1: Re-election of non-executive director –
KM Matjila
 For (1)          Against (1)      Abstentions (2) Shares voted
                                                    (3)
 31 885 591       0 being 0%       0 being 0%       31 885 591
 being 100%                                         being 40.36%

Ordinary resolution 2.2: Re-election of non-executive director – B
Kali
 For (1)          Against (1)      Abstentions (2) Shares voted
                                                    (3)
 31 885 591       0 being 0%       0 being 0%       31 885 591
 being 100%                                         being 40.36%

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)
 31 885 591       0 being 0%       0 being 0%       31 885 591
 being 100%                                         being 40.36%

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)
 31 885 591       0 being 0%       0 being 0%       31 885 591
 being 100%                                         being 40.36%

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)
 31 885 591       0 being 0%       0 being 0%       31 885 591
 being 100%                                         being 40.36%

Ordinary resolution 4: Authority for directors or Company
Secretary to implement the resolutions
 For (1)          Against (1)      Abstentions (2) Shares voted
                                                    (3)
 31 885 591       0 being 0%       0 being 0%       31 885 591
 being 100%                                         being 40.36%

Non-binding advisory resolutions
Non-binding advisory resolution 1: Advisory endorsement of
Remuneration Policy
 For (1)          Against (1)      Abstentions (2) Shares voted
                                                    (3)
 31 865 591       20 000 being     0 being 0%       31 885 591
 being 99.94%     0.06%                             being 40.36%
Non-binding advisory resolution 2: Advisory endorsement of
Primeserv Remuneration Implementation Report
 For (1)          Against (1)      Abstentions (2) Shares voted
                                                    (3)
 31 865 591       20 000 being     0 being 0%       31 885 591
 being 99.94%     0.06%                             being 40.36%

Special resolutions
Special resolution 1: To confirm the non-executive directors’
remuneration for 2023
 For (1)          Against (1)      Abstentions (2) Shares voted
                                                    (3)
 31 847 588       20 000 being     18 003 being     31 867 588being
 being 99.94%     0.06%            0.02%            40.34%

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)
 31 885 591       0 being 0%       0 being 0%       31 885 591
 being 100%                                         being 40.36%

Special resolution 3: General authority to repurchase shares
 For (1)          Against (1)      Abstentions (2) Shares voted
                                                    (3)
 31 485 591       400 000 being    0 being 0%       31 885 591
 being 98.75%     1.25%                             being 40.36%

Special resolution 4: Amendment of Memorandum of Incorporation
 For (1)          Against (1)      Abstentions (2) Shares voted
                                                    (3)
 31 885 591       0 being 0%       0 being 0%       31 885 591
 being 100%                                         being 40.36%


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
25 November 2022

Sponsor
Grindrod Bank Limited

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

Important disclosures

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.

Nothing on this website should be considered an offer, solicitation of an offer, or advice to buy or sell securities.
Past performance is no guarantee of future results. Any historical returns, expected returns [or probability projections] are hypothetical in nature and may not reflect actual future performance.
All the strategies assume investments in equity invstrumenta only and are more relevant for "agressive investment profile". Eastern European flagship strategy assumes using up to 20% leverage of total portfolio. GlobalCommodities and US Growth strategy currently assume no leverage.
Results for the Enhanced Investments strategies as compared to the performance of Illustrative Benchmarks is for informational purposes only. Our investment program does not mirror that of the Illustrative Benchmarks and the volatility may be materially different from the volatility of Illustrative Benchmarks. Reference or comparison to an Illustrative Benchmark does not imply that strategies of Enhanced Investments will be constructed in the same way as the Illustrative Benchmark or achieve returns, volatility, or other results similar to those of the Illustrative Benchmark. The S&P 500 is an unmanaged market capitalization-weighted index of 500 common stocks chosen for market size, liquidity, and industry group representation to represent U.S. equity performance.
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.