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Results Of Annual General Meeting (“Agm”)

Published: 2021-11-29 13:00:00 ET

Mustek Limited (JSE:MST) News - Results Of Annual General Meeting (“Agm”)

Mustek Limited
(Incorporated in the Republic of South Africa)
(Registration number 1987/070161/06)
Share code: MST & ISIN: ZAE000012373
(“Mustek” or “the Company”)

RESULTS OF ANNUAL GENERAL MEETING (“AGM”)

The AGM of Mustek shareholders was held today, Monday, 29 November 2021. All the special and
ordinary resolutions as set out in the notice of AGM to shareholders, dated 28 October 2021, were
approved by the requisite majority of shareholders.

Details of the results of voting at the annual general meeting are as follows:
   • total number of Mustek shares that could have been voted at the AGM: 64 000 000
   • total number of Mustek shares that were present/represented at the AGM: 46 739 282,
        representing 73,03% of the total number of Mustek shares that could have been voted at the
        AGM.

The special resolutions will be filed with the Companies and Intellectual Property Commission.

The voting details with respect to the proposed resolutions were as follows:




                                         For            Against         Abstained, in   Shares
                                                                        relation to     voted
                                                                        total shares
                                                                        in issue
 Ordinary resolution number 1:
 Confirmation of the appointment
 of Shelley Thomas as director
 Number of shares                        46 721 474     -               17 808          46 721 474
 Percentage                              100,00%        0,00%           0,03%           73,00%

 Ordinary resolution number 2:
 Confirmation of the appointment
 of Pamella Marlowe as director
 Number of shares                        46 721 474     -               17 808          46 721 474
 Percentage                              100,00%        0,00%           0,03%           73,00%

 Ordinary resolution number 3: To
 re-elect Neels Coetzee as director
 Number of shares                        46 721 474     -               17 808          46 721 474
 Percentage                              100,00%        0,00%           0,03%           73,00%

 Ordinary resolution number 4:
 Confirmation of auditor’s
 appointment
 Number of shares                        46 721 474     -               17 808          46 721 474
 Percentage                              100,00%        0,00%           0,03%           73,00%

 Ordinary resolution number 5:
 Appointment of Pamella Marlowe
 to Audit and Risk Committee
 Number of shares                        46 721 474     -               17 808          46 721 474
 Percentage                              100,00%        0,00%           0,03%           73,00%
Ordinary resolution number 6:
Appointment of Ralph Patmore to
Audit and Risk Committee
Number of shares                     37 207 281   9 514 193    17 808   46 721 474
Percentage                           79,64%       20,36%       0,03%    73,00%

Ordinary resolution number 7:
Appointment of Shelley Thomas
to Audit and Risk Committee
Number of shares                     46 721 474   -            17 808   46 721 474
Percentage                           100,00%      0,00%        0,03%    73,00%

Ordinary resolution number 8: 8.1
Endorsement of remuneration
policy
Number of shares                     45 928 493   792 981      17 808   46 721 474
Percentage                           98,30%       1,70%        0,03%    73,00%

Ordinary resolution number 8:8.2
Endorsement of the
implementation report
Number of shares                     36 483 805   10 236 819   18 658   46 720 624
Percentage                           78,09%       21,91%       0,03%    73,00%

Ordinary resolution number 9:
Placing of shares under the
directors’ control
Number of shares                     43 984 986   2 735 638    18 658   46 720 624
Percentage                           94,14%       5,86%        0,03%    73,00%

Ordinary resolution number 10:
General authority to issue shares
for cash
Number of shares                     43 855 230   2 865 394    18 658   46 720 624
Percentage                           93,87%       6,13%        0,03%    73,00%

Ordinary resolution number 11:
Authority to action
Number of shares                     46 721 474   -            17 808   46 721 474
Percentage                           100,00%      0,00%        0,03%    73,00%

Special resolution number 1:
Remuneration of non-executive
directors
Number of shares                     45 926 643   792 981      19 658   46 719 624
Percentage                           98,30%       1,70%        0,03%    73,00%

Special resolution number 2:
Financial assistance to related
and inter-related companies
Number of shares                     44 770 310   1 949 314    19 658   46 719 624
Percentage                           95,83%       4,17%        0,03%    73,00%

Special resolution number 3:
General authority to the company
and its subsidiaries to repurchase
shares
Number of shares                     45 937 493   782 991      18 798   46 720 484
 Percentage                        98,32%        1,68%        0,03%   73,00%



Midrand
29 November 2021

Sponsor: Deloitte & Touche Sponsor Services Proprietary Limited

Date: 29-11-2021 03:00:00
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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.