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Results of Annual General Meeting

Published: 2022-02-07 13:45:00 ET

Jasco Electronics Holdings (JSE:JSC) News - Results of Annual General Meeting

JASCO ELECTRONICS HOLDINGS LIMITED
Incorporated in the Republic of South Africa)
Registration Number: 1987/003293/06)
Share Code: JSC    ISIN: ZAE000003794
"Jasco" or “the group”)

RESULTS OF ANNUAL GENERAL MEETING

Shareholders are hereby advised that at the annual general meeting
of shareholders of the company held on Monday, 7 February 2022, all
the proposed ordinary and special resolutions, as set out in the
notice of annual general meeting contained in the Integrated Annual
Report which was posted to shareholders on 7 January 2022, 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: 229 319 191
- Total number of issued ordinary shares net of treasury shares
(“Total Votable Ordinary Shares”): 221 796 833
-   Total   number   of   issued   ordinary    shares   which   were
present/represented at the annual general meeting: 144 299 819 being
65.06% of the Total Votable Ordinary Shares.

Ordinary Resolutions
Ordinary resolution number 1: To re-elect MJ Madungandaba who retires
by rotation and is eligible and available for re-election
 For (1)          Against (1)       Abstentions (2) Shares voted
                                                     (3)
 142 696 675      235 530 being     1 367 614 being 142 932 205
 being 99.84%     0.16%             0.62%            being 64.44%

Ordinary resolution number 2: To re-elect and MSC Bawa who retires
by rotation and is eligible and available for re-election
 For (1)          Against (1)      Abstentions (2) Shares voted
                                                    (3)
 142 696 675      235 530 being    1 367 614 being 142 932 205
 being 99.84%     0.16%            0.62%            being 64.44%

Ordinary resolution number 3: To elect group audit and risk committee
members
 For (1)          Against (1)       Abstentions (2) Shares voted
                                                     (3)
 142 913 889      20 430 being      1 365 500 being 142 934 319
 being 99.99%     0.01%             0.62%            being 64.44%
Ordinary resolution number 4: To elect group social and ethics
committee members
 For (1)          Against (1)   Abstentions (2) Shares voted
                                                (3)
 142 913 789      20 530 being  1 365 500 being 142 934 319
 being 99.99%     0.01%         0.62%           being 64.44%

Ordinary resolution number 5: To re-appointment Mazars as
independent auditors of the company and the group and to note Mr. M
Fisher as the designated audit partner until the next annual general
meeting
 For (1)          Against (1)      Abstentions (2) Shares voted
                                                    (3)
 142 913 789      20 530 being     1 365 500 being 142 934 319
 being 99.99%     0.01%            0.62%            being 64.44%

Ordinary resolution number 6: To endorse, through a non-binding
advisory vote, the company’s remuneration policy as set out in the
remuneration report contained in the integrated annual report
 For (1)          Against (1)      Abstentions (2) Shares voted
                                                    (3)
  142 871 675     60 530 being     1 367 614 being 142 932 205
 being 99.96%     0.04%            0.62%            being 64.44%

Ordinary resolution number 7: To endorse, through a non-binding
advisory vote, the implementation of the company’s remuneration
policy as set out in the remuneration implementation report contained
in the integrated annual report
 For (1)           Against (1)      Abstentions (2) Shares voted
                                                     (3)
  142 871 675      60 530 being     1 367 614 being 142 932 205
 being 99.96%      0.04%            0.62%            being 64.44%

Ordinary resolution number 8: To place the authorised but unissued
shares under the directors’ control
 For (1)          Against (1)      Abstentions (2) Shares voted
                                                   (3)
  142 821 775     110 430 being    1 367 614 being 142 932 205
 being 99.92%     0.08%            0.62%           being 64.44%

Ordinary resolution number 9: General authority to issue shares, and
to sell treasury shares for cash
 For (1)          Against (1)      Abstentions (2) Shares voted
                                                    (3)
  142 823 889     110 430 being    1 365 500 being 142 934 319
 being 99.92%     0.08%            0.62%            being 64.44%
Ordinary resolution number 10: To authorise directors and/or company
secretary to implement the resolutions set out in the notice
convening the annual general meeting
 For (1)          Against (1)      Abstentions (2) Shares voted
                                                    (3)
 142 913 889      20 430 being     1 365 500 being 142 934 319
 being 99.99%     0.01%            0.62%            being 64.44%

Special resolutions
Special resolution number 1: To approve the remuneration to
be paid to the non-executive directors for the period 1
January 2022 until 31 December 2022
 For (1)          Against (1)      Abstentions (2) Shares voted
                                                    (3)
 142 821 675      110 530 being    1 367 614 being 142 932 205
 being 99.92%     0.08%            0.62%            being 64.44%

Special resolution number 2: To provide general authority to acquire
(“repurchase”) shares.
 For (1)          Against (1)      Abstentions (2) Shares voted
                                                    (3)
 142 884 219      50 100 being     1 365 500 being 142 934 319
 being 99.96%     0.04%            0.62%            being 64.44%

Special resolution number 3: To authorise financial assistance to
related and inter-related companies
 For (1)          Against (1)      Abstentions (2) Shares voted
                                                   (3)
 142 823 789     110 530 being    1 365 500 being 142 934 319
 being 99.92%     0.08%            0.62%           being 64.44%


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.
Midrand
7 February 2022
Sponsor: Grindrod Bank Limited

Date: 07-02-2022 03:45:00
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