BELL EQUIPMENT LIMITED – Results of the Annual General Meeting

2019/05/16 11:15:00
SENS announcement for JSE listed company: BEL
                        

BEL 201905160032A
Results of the Annual General Meeting

Bell Equipment Limited
(Incorporated in the Republic of South Africa)
(Registration No. 1968/013656/06)
Share code: BEL
ISIN: ZAE000028304
(‘Bell’ or the ‘Company’)

RESULTS OF THE ANNUAL GENERAL MEETING

At the 51st Annual General Meeting (‘AGM’) of Bell shareholders held on 15 May 2019, the following
resolutions, as set out in the notice of annual general meeting incorporated in the Integrated Annual
Report and distributed to shareholders on 8 April 2019, were duly approved by the requisite majority of
votes. In this regard, Bell confirms the voting statistics from the AGM as follows:

Shares voted in relation to the total issued share capital:

Number of shares Total issued share Percentage shares
voted capital voted

86 904 430 95 629 385 90.88%

Votes carried Shares
Shares voted
disclosed as a abstained
disclosed as a
percentage in disclosed as a
percentage in
relation to the percentage in
Number of relation to
Resolutions total number of relation to the
shares voted the total
shares voted at total issued
issued share
the meeting share capital
capital
For Against
1. Consideration of the annual 100% 0% 86 862 886 90,83% 0,04%
financial statements for the period
ended 31 December 2018
2.1. Re-election of Mr J Barton 99,10% 0,90% 86 862 886 90,83% 0,04%
as the lead independent non-
executive director of the Company
2.2 Re-election of Ms M Ramathe 99,18% 0,82% 86 862 886 90,83% 0,04%
as an independent non-executive
director of the Company

2.3 Re-election of Mr R Naidu as 99,18% 0,82% 86 862 686 90,83% 0,04%
an independent non-executive
director of the Company

3.1. To appoint Mr D Lawrance as a 99,18% 0,82% 86 862 886 90,83% 0,04%
member of the Audit Committee

3.2. To appoint Mr R Naidu as a 99,18% 0,82% 86 862 686 90,83% 0,04%
member of the Audit Committee

3.3. To appoint Ms M Ramathe as 99,18% 0,82% 86 862 686 90,83% 0,04%
a member of the Audit Committee
3.4. To appoint Mr J Barton as a 98,79% 1,21% 86 862 686 90,83% 0,04%
member of the Audit Committee

4. Appointment of Deloitte & Touche 99,41% 0,59% 86 862 886 90,83% 0,04%
as the auditors of the Company

5. Placement of the authorised but 91,89% 8,11% 86 862 886 90,83% 0,04%
unissued shares under the control of
the directors
6. Non-binding advisory vote 91,49% 8,51% 81 031 534 84,73% 6,14%
concerning the Company’s
remuneration policy
7. Non-binding advisory vote 95,06% 4,94% 81 031 534 84,73% 6,14%
concerning the Company’s
remuneration implementation report
Special Business
1. The general authority for the 99,91% 0,09% 86 862 886 90,83% 0,04%
provision of financial assistance
in terms of Section 45 of the
Companies Act, No 71 of
2008, as amended
2.1 Non-executive directors’ 100% 0% 86 787 492 90,75% 0,12%
remuneration from 1 January 2020:
annual retainer fee: non-executive
Chairman
2.2 Non-executive directors’ 100% 0% 86 787 492 90,75% 0,12%
remuneration from 1 January 2020:
annual retainer fee: lead
independent non-executive director
2.3 Non-executive directors’ 100% 0% 86 787 492 90,75% 0,12%
remuneration from 1 January 2020:
annual retainer fee: non-executive
directors
2.4 Non-executive directors’ 100% 0% 86 787 492 90,75% 0,12%
remuneration from 1 January 2020:
fees paid per meeting to the
chairman of the board and chairmen
of the committees: Board
2.5 Non-executive directors’ 100% 0% 86 787 492 90,75% 0,12%
remuneration from 1 January 2020:
fees paid per meeting to the
chairman of the board and chairmen
of the committees: Audit Committee
2.6 Non-executive directors’ 100% 0% 86 787 492 90,75% 0,12%
remuneration from 1 January 2020:
fees paid per meeting to the
chairman of the board and chairmen
of the committees: Risk and
Sustainability Committee

2.7 Non-executive directors’ 100% 0% 86 787 492 90,75% 0,12%
remuneration from 1 January 2020:
fees paid per meeting to the
chairman of the board and chairmen
of the committees: Nominations
Committee
2.8 Non-Executive directors’ 100% 0% 86 787 492 90,75% 0,12%
remuneration from 1 January 2020:
fees paid per meeting to the
chairman of the board and chairmen
of the committees: Remuneration
Committee

2.9 Non-Executive directors’ 100% 0% 86 787 492 90,75% 0,12%
remuneration from 1 January 2020:
fees paid per meeting to the
chairman of the board and chairmen
of the committees: Social, Ethics
and Transformation Committee
2.10 Non-Executive directors’ 100% 0% 86 787 492 90,75% 0,12%
remuneration from 1 January 2020:
fees paid per board meeting to the
lead independent non-executive
director
2.11 Non-Executive directors’ 100% 0% 86 787 492 90,75% 0,12%
remuneration from 1 January 2020:
fees paid per meeting to non-
executive directors: Board
2.12 Non-Executive directors’ 100% 0% 86 787 492 90,75% 0,12%
remuneration from 1 January 2020:
fees paid per meeting to non-
executive directors: Audit
Committee
2.13 Non-Executive directors’ 100% 0% 86 787 492 90,75% 0,12%
remuneration from 1 January 2020:
fees paid per meeting to non-
executive directors: Risk and
Sustainability Committee

2.14 Non-Executive directors’ 100% 0% 86 787 492 90,75% 0,12%
remuneration from 1 January 2020:
fees paid per meeting to non-
executive directors: Nominations
Committee
2.15 Non-Executive directors’ 100% 0% 86 787 492 90,75% 0,12%
remuneration from 1 January 2020:
fees paid per meeting to non-
executive directors: Remuneration
Committee
2.16 Non-Executive directors’ 100% 0% 86 787 492 90,75% 0,12%
remuneration from 1 January 2020:
fees paid per meeting to non-
executive directors: Social, Ethics
and Transformation Committee
2.17 Non-Executive directors’ 100% 0% 86 787 492 90,75% 0,12%
remuneration from 1 January 2020:
fees paid per meeting to non-
executive directors: Bell Audit
Services Committee

3. General authority to repurchase 99,50% 0,50% 86 862 886 90,83% 0,04%
shares

Richards Bay
16 May 2019

Sponsor
INVESTEC BANK LIMITED

Date: 16/05/2019 11:15:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (‘JSE’).
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