SPUR CORPORATION LIMITED - Results of annual general meeting
23 December 2020 14:00
Results of annual general meeting

SPUR CORPORATION LIMITED
(Incorporated in the Republic of South Africa
Registration number 1998/000828/06
Share code: SUR
ISIN: ZAE 000022653
(“Spur” or “the Company”)


RESULTS OF ANNUAL GENERAL MEETING



The board of directors of Spur (the “Board”) hereby advises shareholders of the outcome of the resolutions,
as set out in the Notice of Annual General Meeting dated 20 November 2020, which were tabled at the
Annual General Meeting (“AGM”) of shareholders held today, 23 December 2020, entirely via a remote
interactive electronic platform.


RESULTS OF AGM

The ordinary and special resolutions proposed at the AGM were duly approved by the requisite majority of
shareholders present and voting, with the exception of Ordinary Resolution Number 5.2: Endorsement of
the Remuneration Implementation Report (non-binding advisory vote), and accordingly, an invitation is
extended to the dissenting shareholders to engage with the Company as set out below.

The results of voting on the ordinary and special resolutions proposed at the AGM were as follows:


              Resolution                Number of           % of        % of       % of votes % of votes
                                          shares           shares      shares      carried for   against
                                         voted in         voted in   abstained2        the         the
                                        person or        person or                 resolution3 resolution3
                                         by proxy        by proxy1
  Ordinary Resolutions
  1    Re-election of independent non-executive directors

  1.1 Mike Bosman                        71 683 775          85.37          0.05         99.15          0.85

  1.2 Cora Fernandez                     71 683 775          85.37          0.05       100.00           0.00

  1.3 Prof Shirley Zinn                  71 683 925          85.37          0.05         99.14          0.86

  2    Election of directors appointed during the year

  2.1 André Parker                       71 683 775          85.37          0.05         99.99          0.01

  2.2 Jesmane Boggenpoel                 71 683 775          85.37          0.05         99.99          0.01

  2.3 Lerato Molebatsi                   71 683 775          85.37          0.05         99.99          0.01

  2.4 Sandile Phillip                    71 683 775          85.37          0.05         99.99          0.01

  2.5 Graeme Kiewitz                     71 683 775          85.37          0.05         96.31          3.69

  2.6 Kevin Robertson                    71 683 775          85.37          0.05         96.31          3.69

  2.7 Sacha du Plessis                   71 644 275          85.32          0.10         96.31          3.69
  
3    Re-appointment of                   71 644 275          85.32          0.10         62.49         37.51
     independent auditor and designated auditor
  
4 Appointment of audit committee
  4.1 Cora Fernandez (chair)             71 683 775         85.37           0.05         99.99          0.01

  4.2 André Parker                       71 644 275         85.32           0.10         99.99          0.01

  4.3 Jesmane Boggenpoel                 71 644 275         85.32           0.10         99.99          0.01

  4.4 Sandile Phillip                    71 644 275         85.32           0.10         99.99          0.01

  
5    Endorsement of the remuneration report

  5.1 Endorsement of                     71 639 903         85.32           0.10         77.36          22.64
      remuneration policy
  5.2 Endorsement of                     71 639 903         85.32           0.10         46.34          53.66
      remuneration implementation report
  
6.  Approval of new of long-term incentive schemes

  6.1 Adoption of Spur Group             71 012 140         84.57            0.85         80.90         19.10
      Share Appreciation Rights
      Scheme 2020                        71 012 140         84.57            0.85         80.90         19.10
      Restricted Share Plan 2020
  Special Resolutions
  1    Authority to repurchase           71 663 280         85.35            0.08         99.14          0.86
       shares
  2    Authority to provide financial    71 623 780         85.30            0.12         99.33          0.67
       assistance
  3    Authority to pay non-executive directors’ remuneration

  3.1 Additional fees for FY2020         71 629 153         85.31            0.12         98.97          1.03
  3.2 Fees for FY2021 and beyond         71 639 219         85.32            0.11         94.77          5.23
  3.3 Fees for additional meetings       71 639 903         85.32            0.10         99.14          0.86
      and assignments     

      1   Calculated as the number of shares voted (in favour, against or abstained) in person or by proxy expressed
          as a percentage of the total number of shares in issue eligible to vote (calculated as the total 90 996 932 shares 
          in issue less 7 028 698 non-voting shares (treasury shares and shares owned by consolidated structured entities)).

      2   Calculated as the number of shares abstained in person or by proxy expressed as a percentage of the total number of
          shares in issue eligible to vote (calculated as the total 90 996 932 shares in issue less 7 028 698 non-voting shares
          (treasury shares and shares owned by consolidated structured entities)).

      3   Calculated as the number of shares voted (in favour or against, as indicated) in person or by proxy expressed as a
          percentage of the aggregate number of shares voted in person or by proxy (excluding abstentions).



Those shareholders who voted against Ordinary Resolution Number 5.2 are invited to engage with the
Company by sending an email to companysecretary@spurcorp.com by 31 January 2021. The Company
welcomes further engagement and, based on the feedback received, the Nominations and Remuneration
Committee will extend an invitation to the dissenting shareholders to engage with the Company.
Cape Town
23 December 2020

Sponsor
Sasfin Capital
(a member of the Sasfin Group)

Date: 23-12-2020 02:00:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.
 

 Powered by ProfileData