LHC: LIFE HEALTHCARE GROUP HOLDINGS LIMITED - Report on proceedings at the annual general meeting

2017-01-26 07:05:00
LHC: LIFE HEALTHCARE GROUP HOLDINGS LIMITED - Report on proceedings at the annual general meeting
Report on proceedings at the annual general meeting
LIFE HEALTHCARE GROUP HOLDINGS LIMITED  
(Incorporated in the Republic of South Africa) 
(Registration number: 2003/002733/06) 
ISIN: ZAE000145892 
Share Code: LHC 
("Life Healthcare" or "the Company")  
 
REPORT ON PROCEEDINGS AT THE ANNUAL GENERAL MEETING     
 
At the 12th annual general meeting ("AGM") of the shareholders of Life Healthcare held on 25 January 2017, all the ordinary and special resolutions proposed at the 
meeting were approved by the requisite majority of votes. In this regard, Life Healthcare confirms the voting statistics from the AGM as follows:                         
  
 
                                                  Votes carried disclosed as a                    Shares voted          Shares abstained 
                                                    percentage in relation to                     disclosed as a        disclosed as a 
                                                   the total number of shares                     percentage in         percentage in 
                                                      voted at the meeting      Number of         relation to the       relation to the total
Resolutions                                                                     shares voted      total issued share    issued share capital*       
                                                                                                  capital*
                                                  For            Against                                                 
1. Re-election of directors:                                                                           
1.1    JK Netshitenzhe                            100%           0.00%          836 431 859       77.91%                0.03% 
1.2    ME Jacobs                                  99.98%         0.02%          836 431 859       77.91%                0.03% 
1.3    RT Vice                                    99.97%         0.03%          836 431 859       77.91%                0.03% 
2. Re-appointment of external auditors            99.99%         0.01%          836 432 229       77.91%                0.03%
3. Appointment of audit committee 
members                                                                                                                       
3.1    PJ Golesworthy(chairman)                   100%           0.00%          836 431 972       77.91%                0.03% 
3.2    WITHDRAWN                                  -              -              -                 -                     - 
3.3    RT Vice                                    99.97%         0.03%          836 431 859       77.91%                0.03%
3.4    GC Solomon                                 99.96%         0.04%          836 431 650       77.91%                0.03%
4. Approval of the Company´s remuneration 
policy                                            97.99%         2.01%          827 780 886       77.10%                0.83% 
5. Placement of authorised but unissued shares    83.24%         16.76%         836 431 622       77.91%                0.03% 
under the control of the directors 
6. General authority to issue shares for cash     99.63%         0.37%          836 416 630       77.91%                0.03% 
  
Special resolutions                                                                                  
1. Approval to issue 30% or more of the           83.23%         16.77%         836 407 212       77.91%                0.03% 
Company´s ordinary shares 
2. General authority to repurchase Company        99.97%         0.03%          834 454 085       77.73%                0.21% 
shares 
3. General authority to provide financial 
assistance to related and inter-related           96.60%         3.40%          836 415 577       77.91%                0.03% 
companies 
4. Approval of non-executive directors´ fees      99.83%         0.17%          836 415 356       77.91%                0.03%
5. Amendments to the Company´s MOI                                                                                     
5.1 Amendment to clause 28.7.4 of the MOI         99.45%         0.55%          836 406 889       77.91%                0.03% 
5.2 Deletion of clauses 7.7 and 7.12 of the MOI   78.56%         21.44%         836 406 889       77.91%                0.03% 
and the replacement of new clauses 7.7 and 7.12 
6. Approval to issue the Company´s ordinary 
shares and/or to a person falling within the      84.12%         15.88%         836 145 746       77.88%                0.05% 
ambit of Section 41 (1) of the Companies Act for   
the purposes of implementing the Rights Offer 
*Total issued share capital is 1 073 592 935 
  
The special resolution/s will, where necessary, be lodged for registration with the Companies and Intellectual Property Commission in due course. 
  
 
Illovo 
26 January 2017 
 
Sponsor 
RAND MERCHANT BANK (A division of FirstRand Bank Limited) 
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