Datatec Limited Report on proceedings at AGM (7987Q)

TIDMDTC

RNS Number : 7987Q

Datatec Limited

14 September 2017

14 September 2017

Datatec Limited

REPORT ON PROCEEDINGS AT ANNUAL GENERAL MEETING

At the annual general meeting ("AGM") of the shareholders of Datatec held today, 14 September 2017 all the ordinary and special resolutions proposed at the meeting were unaltered from that reflected in the Notice of AGM and were approved by the requisite majority of votes.

In this regard, Datatec confirms the voting statistics from the AGM as follows:

 
 Total number of shares in issue        211 967 622 
-------------------------------------  ------------ 
 Treasury shares (excluded from 
  voting)                                    43 247 
-------------------------------------  ------------ 
 Total number of shares (voteable 
  shares)                               211 924 375 
-------------------------------------  ------------ 
 Total number of shares represented 
  (including proxies) at the AGM        172 874 300 
-------------------------------------  ------------ 
 Proportion of total voteable shares 
  represented at the AGM                     81.57% 
-------------------------------------  ------------ 
 
 
 Resolutions                       Votes as a percentage      Number       Shares voted     Shares abstained 
                                    of the total number      of shares    as a percentage    as a percentage 
                                      of shares voted          voted       of the total       of the total 
                                       at the meeting                        voteable           voteable 
                                                                              shares             shares 
-------------------------------  ------------------------  -----------  -----------------  ----------------- 
                                  For          Against 
-------------------------------  -----------  -----------  -----------  -----------------  ----------------- 
 Ordinary resolution 
  number 1 
 
  Re-election of SJ                                         172 671 
  Davidson                        91.57%       8.43%         183              81.45%             0.12% 
-------------------------------  -----------  -----------  -----------  -----------------  ----------------- 
 Ordinary resolution 
  number 2 
 
  Re-election of JF                                         172 671 
  McCartney                       91.67%       8.33%         183              81.45%             0.12% 
-------------------------------  -----------  -----------  -----------  -----------------  ----------------- 
 Ordinary resolution 
  number 3 
 
  Re-election of CS                                         172 671 
  Seabrooke                       87.26%       12.74%        183              81.45%             0.12% 
-------------------------------  -----------  -----------  -----------  -----------------  ----------------- 
 Ordinary resolution 
  number 4 
 
  Reappointment of independent                              172 671 
  auditors                        79.33%       20.67%        763              81.45%             0.12% 
-------------------------------  -----------  -----------  -----------  -----------------  ----------------- 
 Ordinary resolution 
  number 5 
 
  Election of Audit, 
  Risk and Compliance 
  Committee members: 
-------------------------------  -----------  -----------  -----------  -----------------  ----------------- 
                                                            172 671 
 5.1 - CS Seabrooke               69.04%       30.96%        183              81.45%             0.12% 
-------------------------------  -----------  -----------  -----------  -----------------  ----------------- 
                                                            172 616 
 5.2 - MJN Njeke                  100.00%      0.00%         666              81.45%             0.12% 
-------------------------------  -----------  -----------  -----------  -----------------  ----------------- 
                                                            172 616 
 5.3 - O Ighodaro                 98.92%       1.08%         666              81.45%             0.12% 
-------------------------------  -----------  -----------  -----------  -----------------  ----------------- 
                                                            170 768 
 5.4 - SJ Davidson                68.50%       31.50%        269              80.58%             0.99% 
-------------------------------  -----------  -----------  -----------  -----------------  ----------------- 
 Ordinary resolution 
  number 6 
  Non-binding advisory 
  vote on the remuneration                                  160 774 
  policy                          65.52%       34.48%        689              75.76%             5.81% 
-------------------------------  -----------  -----------  -----------  -----------------  ----------------- 
 Special resolution 
  number 1 
  Approval of Conditional                                   172 616 
  Share Plan                      83.46%       16.54%        666              81.45%             0.12% 
-------------------------------  -----------  -----------  -----------  -----------------  ----------------- 
 Special resolution 
  number 2 
  Approval of Deferred                                      172 617 
  Bonus Plan                      90.33%       9.67%         246              81.45%             0.12% 
-------------------------------  -----------  -----------  -----------  -----------------  ----------------- 
 Special resolution 
  number 3 
  Approval of non-executive                                 172 617 
  director's fees                 99.99%       0.01%         130              81.45%             0.12% 
-------------------------------  -----------  -----------  -----------  -----------------  ----------------- 
 Special resolution 
  number 4 
  Authority to provide 
  financial assistance                                      172 617 
  to any Group company            99.62%       0.38%         763              81.45%             0.12% 
-------------------------------  -----------  -----------  -----------  -----------------  ----------------- 
 Special resolution 
  number 5 
  General authority                                         172 612 
  to repurchase shares            99.87%       0.13%         254              81.45%             0.12% 
-------------------------------  -----------  -----------  -----------  -----------------  ----------------- 
 Special resolution 
  number 6 
  Adoption of a revised 
  Memorandum of Incorporation                               172 616 
  (MoI)                           100.00%      0.00%         480              81.45%             0.12% 
-------------------------------  -----------  -----------  -----------  -----------------  ----------------- 
 Ordinary resolution 
  number 7 
  Authority to sign                                         172 617 
  all documents required          99.97%       0.03%         763              81.45%             0.12% 
-------------------------------  -----------  -----------  -----------  -----------------  ----------------- 
 

The special resolutions will, where necessary, be lodged for registration with the Companies and Intellectual Property Commission in due course.

Enquiries:

 
 Datatec Limited (www.datatec.co.za) 
 Jens Montanana, Chief Executive 
  Officer 
  Ivan Dittrich, Chief Financial                         [phone] 
  Officer                                                [phone] 
 Wilna de Villiers, Group 
  Investor Relations                                     [phone] 
 
 Jefferies International Limited - Nominated Adviser 
  and Broker 
 Nick Adams / Simon Hardy                               [phone] 
 
 Instinctif Partners 
 Frederic Cornet / Keagile 
  Makgoba (SA)                                           [phone] 
 Adrian Duffield / Chantal 
  Woolcock (UK)                                         [phone] 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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September 14, 2017 10:00 ET (14:00 GMT)