Enhanced Investments - Financial Portal

Results of Annual General Meeting (AGM)

Published: 2022-11-25 18:45:30 ET

MOMENTUM METROPOLITAN HOLDINGS LIMITED
Incorporated in the Republic of South Africa
Registration number: 2000/031756/06
ISIN Code: ZAE000269890
JSE Share Code: MTM
A2X Share Code: MTM
NSX Share Code: MMT
(“MMH” or the “Company”)


Results of Annual General Meeting (AGM)

MMH advises its shareholders that all the ordinary and special resolutions proposed in the
notice of the AGM dated 4 October 2022, and tabled at the Company’s AGM held on Thursday,
24 November 2022, were passed by the requisite majority of votes cast by the shareholders of
the Company. The voting details with respect to the proposed resolutions are as follows:

                                                             Shares
                                                              voted
                                                           disclosed
                                            Number of
                                                               as a
                                          shares voted                 Percentage   Percentage   Percentage
               Resolution                                 percentage
                                           (excluding                    For**       Against**   Abstained*
                                                             of the
                                          abstentions)
                                                              total
                                                             issued
                                                             shares
 Ordinary Resolution 1.1: Election of
                                          1,185,566,070       83.79%      95.76%         4.24%        2.18%
 Mr Paul Cambo Baloyi
 Ordinary Resolution 2.1: Re-election
                                          1,186,361,750       83.79%      99.62%         0.38%        2.13%
 of directors: Ms Lisa Masozi Chiume
 Ordinary Resolution 2.2: Re-election
 of directors: Mr Stephen Craig           1,186,360,750       83.79%     100.00%         0.00%        2.13%
 Jurisich
 Ordinary Resolution 2.3: Re-election
                                          1,186,360,750       83.79%     100.00%         0.00%        2.13%
 of directors Mr David James Park
 Ordinary Resolution 3: Re-appointment
 of Ernst & Young Inc. as external
                                          1,186,362,499       83.79%     100.00%         0.00%        2.13%
 Auditors, with Ms Cornea de Villiers
 as the designated audit partner
 Ordinary Resolution 4.1: Re-
 appointment of audit committee member    1,186,359,697       83.79%      99.93%         0.07%        2.13%
 and chair: Ms Linda de Beer
 Ordinary Resolution 4.2: Re-
 appointment of audit committee member:   1,186,359,697       83.79%      99.91%         0.09%        2.13%
 Mr Nigel John Dunkley
 Ordinary Resolution 4.3: Re-
 appointment of audit committee member:   1,186,359,697       83.79%      99.99%         0.01%        2.13%
 Mr Thanaseelan Gobalsamy
 Ordinary Resolution 4.4: Appointment
 of audit committee member: Ms Lisa       1,186,363,697       83.79%      99.93%         0.07%        2.13%
 Masozi Chiume
 Ordinary Resolution 4.5: Appointment
 of audit committee member: Mr David      1,186,359,697       83.79%     100.00%         0.00%        2.13%
 James Park
 Ordinary Resolution 5: Implementation
                                          1,186,361,446       83.79%     100.00%         0.00%        2.13%
 of ordinary and special resolutions
 Ordinary Resolution 6: Passing of non-
 binding advisory vote on MMH             1,186,313,651       83.79%      79.47%        20.53%        2.13%
 Remuneration Policy
 Ordinary Resolution 7: Passing of non-
 binding advisory vote on MMH             1,186,311,902       83.79%      79.19%        20.81%        2.13%
 Implementation Report
 Special Resolution 1: General
                                          1,186,304,412       83.79%     100.00%         0.00%        2.13%
 authority to repurchase shares
 Special Resolution 2: Approval to
 provide Financial Assistance in terms
                                          1,186,361,178       83.79%      97.77%         2.23%        2.13%
 of sections 44 and 45 of the Companies
 Act
 Special Resolution 3: Non-executive
 directors’ fees
 3.1: Chairman of the Board                1,186,341,892   83.79%   100.00%    0.00%      2.13%
 3.2: Non-executive Director               1,186,341,892   83.79%   99.94%     0.06%      2.13%
 3.3: Actuarial Committee Chairman         1,186,341,892   83.79%   100.00%    0.00%      2.13%
 3.4: Actuarial Committee Member           1,186,341,892   83.79%   100.00%    0.00%      2.13%
 3.5: Audit Committee Chairman             1,186,341,892   83.79%   100.00%    0.00%      2.13%
 3.6: Audit Committee Member               1,186,341,892   83.79%   100.00%    0.00%      2.13%
 3.7: Fair Practices Committee Chairman    1,186,356,892   83.79%   100.00%    0.00%      2.13%
 3.8: Fair Practices Committee Member      1,186,351,892   83.79%   100.00%    0.00%      2.13%
 3.9: Investments Committee Chairman       1,186,341,892   83.79%   100.00%    0.00%      2.13%
 3.10: Investments Committee Member        1,186,341,892   83.79%   100.00%    0.00%      2.13%
 3.11: Nominations Committee Chairman      1,186,341,892   83.79%   100.00%    0.00%      2.13%
 3.12: Nominations Committee Member        1,186,341,892   83.79%   100.00%    0.00%      2.13%
 3.13: Remuneration Committee Chairman     1,186,341,892   83.79%   100.00%    0.00%      2.13%
 3.14: Remuneration Committee Member       1,186,341,892   83.79%   100.00%    0.00%      2.13%
 3.15: Risk, Capital and Compliance
                                           1,186,341,892   83.79%   100.00%    0.00%      2.13%
 Committee Chairman
 3.16: Risk, Capital and Compliance
                                           1,186,341,892   83.79%   100.00%    0.00%      2.13%
 Committee Member
 3.17: Social, Ethics and Transformation
                                           1,186,351,892   83.79%   100.00%    0.00%      2.13%
 Committee Chairman
 3.18: Social, Ethics and Transformation
                                           1,186,351,892   83.79%   100.00%    0.00%      2.13%
 Committee Member
 3.19: Ad hoc fee per hour                 1,186,342,812   83.79%   82.44%    17.56%      2.13%
 3.20: Permanent invitee
                                           1,186,342,812   83.79%   98.13%     1.87%      2.13%


* Based on 1,452,676,497 ordinary plus 28,060,898 preference shares, being the total number
   of MMH shares in issue as at record date 18 November 2022
** Based on the number of shares voted, excluding abstentions


By order of the Board


Centurion.
25 November 2022

Sponsor:
Merrill Lynch South Africa (Pty) Limited t/a BofA Securities

Sponsor in Namibia
Simonis Storm Securities (Pty) 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.