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
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