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Libstar Holdings Limited (JSE:LBR) News - Results of the Annual General Meeting of Shareholders
Libstar Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number: 2014/032444/06)
JSE share code: LBR
ISIN: ZAE000250239
(“Libstar” or the "Company")
RESULTS OF THE ANNUAL GENERAL MEETING OF SHAREHOLDERS
Libstar shareholders are advised that the annual general meeting of the Company was held at 10h00 on Wednesday,
1 June 2022 (“Annual General Meeting”).
As at Friday, 20 May 2022, being the Annual General Meeting Record Date (“Voting Record Date”), the total number
of Libstar ordinary shares in issue (“Libstar Issued Ordinary Shares”) was 681 921 408.
The Libstar Issued Ordinary Shares eligible to vote by being present in person or by submitting proxies was 527 748
541, being 78.90 % of the Libstar Issued Ordinary Shares.
The Audited Annual Financial Statements of the Libstar group for the year ended 31 December 2021, including the
directors’ report, the independent auditor’s report and various sub-committee reports, were presented to the
shareholders.
The voting results were as follows:
1. Ordinary Resolution Number 1 – Rotation and re-election of directors
Shares
Total Shares voted
abstained
Directors For (1) Against(1)
Number %(2) %(2)
(%) (%)
1.1 Ms Wendy Luhabe 99,86% 0,14% 527 746 463 77,39% 0.00%
1.2 Mr JP Landman 100.00% 0,00% 527 746 463 77,39% 0.00%
2. Ordinary Resolution Number 2 – Appointment of Audit and Risk Committee members
Shares
Total Shares voted
abstained
Directors For(1) Against(1)
Number %(2) %(2)
(%) (%)
2.1 Mr JP Landman 99,85% 0.15% 527 746 463 77,39% 0.00%
2.2 Ms Anneke Andrews 100,00% 0.00% 527 746 463 77,39% 0.00%
2.3 Ms Sibongile Masinga 99,85% 0.15% 527 746 463 77,39% 0.00%
2.4 Mr Sandeep Khanna 99,86% 0.14% 527 746 463 77,39% 0.00%
3. Ordinary Resolution Number 3 – Re-appointment of Moore Cape Town Incorporated as independent
external auditor and Ms Adele Smit as the individual designated auditor
Shares
Total Shares voted
abstained
For (%)(1) Against (%)(1) Number %(2) %(2)
96,42% 3,58% 527 746 463 77,39% 0.00%
4. Ordinary Resolution Number 4 – Endorsement of the Remuneration Policy
Shares
Total Shares voted
abstained
For (%)(1) Against (%)(1) Number %(2) %(2)
81,65% 18,35% 527 746 463 77,39% 0.00%
5. Ordinary Resolution Number 5 – Endorsement of the Renumeration Implementation Report
Shares
Total Shares voted
abstained
For (%)(1) Against (%)(1) Number %(2) %(2)
74,82% 25,18% 527 746 463 77,39% 0.00%
6. Ordinary Resolution Number 6 – General authority to issue shares for cash
Shares
Total Shares voted
abstained
For (%)(1) Against (%)(1) Number %(2) %(2)
87,43% 12,57% 527 746 463 77,39% 0.00%
7. Ordinary Resolution Number 7 – General authorisation
Shares
Total Shares voted
abstained
For (%)(1) Against (%)(1) Number %(2) %(2)
99,56% 0,44% 526 941 254 77,39% 0.00%
8. Special Resolution Numbers 1.1 to 1.12 – Remuneration of Directors
Shares
Total Shares voted
abstained
Directors For Against
Number %(2) %(2)
(%)(1) (1) (%)
1.1 Board of directors:
99,52% 0,48% 527 746 463
Chairman 77,39% 0.00%
1.2 Board of directors:
99,52% 0,48% 527 746 463
Independent director 77,39% 0.00%
1.3 Audit and Risk Committee:
99,52% 0,48% 527 746 463
Chairman 77,39% 0.00%
1.4 Audit and Risk Committee:
99,52% 0,48% 527 746 463
Committee member 77,39% 0.00%
1.5 Remuneration Committee:
85,43% 14,57% 527 746 463
Chairman 77,39% 0.00%
1.6 Remuneration Committee:
85,43% 14,57% 527 746 463
Committee member 77,39% 0.00%
1.7 Nomination Committee:
99,52% 0,48% 527 746 463
Chairman 77,39% 0.00%
1.8 Nomination Committee:
99,52% 0,48% 527 746 463
Committee member 77,39% 0.00%
1.9 Social and Ethics Committee:
99,52% 0,48% 527 746 463
Chairman 77,39% 0.00%
1.10 Social and Ethics Committee:
99,52% 0,48% 527 746 463
Committee member 77,39% 0.00%
1.11 Investment and Strategy
Committee: 99,52% 0,48% 527 746 463
Chairman 77,39% 0.00%
1.12 Investment and Strategy
Committee: 99,52% 0,48% 527 746 463
Committee member 77,39% 0.00%
9. Special Resolution Number 2 – Financial assistance for related or inter-related companies
Shares
Total Shares voted
abstained
For (%)(1) Against (%)(1) Number %(2) %(2)
95,39% 4,61% 527 746 463 77,39% 0.00%
10. Special Resolution Number 3 – General authority to repurchase shares
Shares
Total Shares voted
abstained
For (%)(1) Against (%)(1) Number %(2) %(2)
96,545 3,46% 527 746 463 77,39% 0.00%
(1) Expressed as a percentage of the total number of shares voted at the Annual General Meeting.
(2) Expressed as a percentage of Libstar Issued Ordinary Shares, being 681 921 408
As ordinary resolution number 5, relating to the non-binding advisory endorsement of Libstar’s Implementation
Report, has been voted against by shareholders exercising more than 25% of the voting rights exercised, Libstar will
initiate a process to engage with the dissenting shareholders. Any shareholders who would like to participate in this
engagement process are requested to advise the company secretary Ms Ntokozo Makomba at
compsecretary@libstar.co.za by 22 June 2022. Details on the consequent engagement process will be
communicated to those shareholders who have indicated their interest in participating to the company secretary.
Johannesburg
01 June 2022
Sponsor
The Standard Bank of South Africa Limited
Date: 01-06-2022 01:15:00
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