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JASCO ELECTRONICS HOLDINGS LIMITED - Results of general meeting

05 November 2021

JASCO ELECTRONICS HOLDINGS LIMITED - Results of general meeting


JASCO ELECTRONICS HOLDINGS LIMITED

Incorporated in the Republic of South Africa)

Registration Number: 1987/003293/06)

Share Code: JSC    ISIN: ZAE000003794

"Jasco" or “the group”)


RESULTS OF GENERAL MEETING


Shareholders are hereby advised that at the general meeting of

shareholders of the company held on Friday, 5 November 2021, all

the proposed ordinary and special resolutions, as set out in the

notice of general meeting contained in the Circular to shareholders

posted to shareholders on 7 October 2021, were passed by the

requisite majority of shareholders present and voting, in person or

by proxy.


Details of the results of voting at the annual general meeting are

as follows:

- Total number of issued ordinary shares: 229,319,191

- Total number of issued ordinary shares net of treasury shares

(“Total Votable Ordinary Shares”): 221 796 833

-   Total   number   of   issued   ordinary    shares   which   were

present/represented at the annual general meeting: 140 690 596 being

63.43% of the Total Votable Ordinary Shares.


Special Resolution

Special resolution number 1: Authorisation to      issue   additional

Shares under section 41 of the Companies Act

 For (1)            Against (1)     Abstentions      Shares voted

                                    (2)              (3)

140 630 596 being     60 000 being    0 being 0%     140 690 596

99.96%                0.04%                          being 63.43%


Ordinary Resolution

Ordinary resolution number 1: Mandatory Offer and Waiver

 For (1)          Against (1)      Abstentions (2) Shares voted

                                                    (3)

69 193 678 being    90 000 being     0 being 0%     69 283 678 being

99.87%              0.13%                           31.24%


Ordinary resolution number 1 was voted on by the Independent

Shareholders (excluding Community Investment Holdings (Pty) Limited)

and approved by more than 50% of the voting rights exercised by such

Independent Shareholders.


Ordinary resolution number 2: Placing the authorised but unissued

Shares under the control of the directors

 For (1)          Against (1)      Abstentions (2) Shares voted

                                                   (3)

140 600 596      90 000 being      0 being 0%       140 690 596

being 99.94%     0.06%                              being 63.43%


Notes:

(1) The votes carried for and against each individual resolution

are disclosed as a percentage in relation to the total number of

ordinary shares voted (whether in person or by proxy) in respect of

such individual resolution at the annual general meeting.

(2)The total number of ordinary shares abstained in respect of each

individual resolution (whether in person or by proxy) is disclosed

as a percentage in relation to the Total Votable Ordinary Shares.

(3) The total number of ordinary shares voted (whether in person or

by proxy) at the annual general meeting in respect of each

individual resolution is disclosed as a percentage in relation to

the Total Votable Ordinary Shares.


Midrand

5 November 2021

Sponsor: Grindrod Bank Limited


Date: 05-11-2021 04:00:00

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