Naspers Limited (Naspers) (JSE: NPN, LSE: NPSN) The 109th annual general meeting (AGM) of the shareholders of Naspers was held through electronic communication today.
Shareholders are advised that all resolutions set out in the notice of the AGM were passed by the requisite majority of shareholders represented at the AGM, including all the resolutions required to implement the proposed transaction to remove the cross-holding structure between Naspers and Prosus N.V. (Prosus) that was announced on Tuesday, 27 June 2023 (the Proposed Transaction). Further information regarding the implementation of the Proposed Transaction will be provided to shareholders in the announcement to be released by the Company in due course.
The following information is provided in compliance with the JSE Limitedβs Listings Requirements:
Total issued number of N ordinary shares: 435 511 058
Total issued number of A ordinary shares: 961 193**
Treasury shares: 31 273 041
Number of ordinary shares that could have been voted at the meeting: 405 199 210 **
Abbreviations: | N ordinary shares (N Ord) |
A ordinary shares (A Ord) |
Details of voting results:
A shares | N shares | Total A and N ord shares voted at the meeting | Total | |||||||||
No. of votes voted A ord shares at the meeting | For % | No. of votes voted N ord shares at the meeting | For % | Against % | Abstain % as a total of the N ord share capital | For % | Against % | No. of votes voted N and A ord shares at the meeting | A ord shares % | N ord shares % | ||
PART A β TRADITIONAL AGM RESOLUTIONS | ||||||||||||
Ordinary resolutions | ||||||||||||
1 | Conο¬rmation and approval of payment of dividends | 948 457 000 | 100,00% | 360 153 707 | 99,99% | 0,01% | 0,05% | 100,00% | 0,00% | 1 308 610 707 | 72,48% | 27,52% |
2 | Re-appointment of independent external auditors | 948 457 000 | 100,00% | 360 133 985 | 99,26% | 0,74% | 0,06% | 99,80% | 0,20% | 1 308 590 985 | 72,48% | 27,52% |
3 | To re-elect the following directors: | |||||||||||
3.1 | Hendrik du Toit | 948 457 000 | 100,00% | 360 148 069 | 96,55% | 3,45% | 0,05% | 99,05% | 0,95% | 1 308 605 069 | 72,48% | 27,52% |
3.2 | Rachel Jafta | 948 457 000 | 100,00% | 360 147 583 | 89,89% | 10,11% | 0,05% | 97,22% | 2,78% | 1 308 604 583 | 72,48% | 27,52% |
3.3 | Roberto Oliveira de Lima | 948 457 000 | 100,00% | 359 919 925 | 94,88% | 5,12% | 0,11% | 98,59% | 1,41% | 1 308 376 925 | 72,49% | 27,51% |
3.4 | Mark Sorour | 948 457 000 | 100,00% | 360 151 624 | 96,42% | 3,58% | 0,05% | 99,01% | 0,99% | 1 308 608 624 | 72,48% | 27,52% |
3.5 | Ying Xu | 948 457 000 | 100,00% | 360 152 434 | 99,88% | 0,12% | 0,05% | 99,97% | 0,03% | 1 308 609 434 | 72,48% | 27,52% |
4 | Appointment and re-election of the following audit committee members: | |||||||||||
4.1 | Sharmistha Dubey | 948 457 000 | 100,00% | 360 152 099 | 99,84% | 0,16% | 0,05% | 99,96% | 0,04% | 1 308 609 099 | 72,48% | 27,52% |
4.1 | Manisha Girotra | 948 457 000 | 100,00% | 360 152 099 | 95,93% | 4,07% | 0,05% | 98,88% | 1,12% | 1 308 609 099 | 72,48% | 27,52% |
4.2 | Angelien Kemna | 948 457 000 | 100,00% | 360 149 730 | 99,89% | 0,11% | 0,05% | 99,97% | 0,03% | 1 308 606 730 | 72,48% | 27,52% |
4.3 | Steve Pacak | 948 457 000 | 100,00% | 359 893 607 | 81,12% | 18,88% | 0,11% | 94,81% | 5,19% | 1 308 350 607 | 72,49% | 27,51% |
5 | To endorse the Companyβs remuneration policy | 948 457 000 | 100,00% | 142 338 139 | 23,00% | 77,00% | 0,11% | 89,95% | 10,05% | 1 090 795 139 | 86,95% | 13,05% |
6 | To endorse the Company's remuneration implementation report | 948 457 000 | 100,00% | 142 337 049 | 20,60% | 79,40% | 0,11% | 89,64% | 10,36% | 1 090 794 049 | 86,95% | 13,05% |
7 | Approval of general authority placing unissued shares under the control of the directors | 768 469 000 | 100,00% | 142 341 861 | 6,46% | 93,54% | 0,11% | 85,38% | 14,62% | 910 810 861 | 84,37% | 15,63% |
8 | Approval of general issue of shares for cash | 948 457 000 | 100,00% | 142 344 589 | 49,85% | 50,15% | 0,11% | 93,46% | 6,54% | 1 090 801 589 | 86,95% | 13,05% |
9 | Authorisation to implement all resolutions adopted at the AGM | 948 457 000 | 100,00% | 360 132 961 | 100,00% | 0,00% | 0,06% | 100,00% | 0,00% | 1 308 589 961 | 72,48% | 27,52% |
Special resolutions | ||||||||||||
1 | Board and committee remuneration for financial year ending 31 March 2025: | |||||||||||
1.1 | Board β chair | 948 457 000 | 100,00% | 360 140 621 | 99,58% | 0,42% | 0,06% | 99,89% | 0,11% | 1 308 597 621 | 72,48% | 27,52% |
1.2 | Board β member | 948 457 000 | 100,00% | 360 139 099 | 96,35% | 3,65% | 0,06% | 98,99% | 1,01% | 1 308 596 099 | 72,48% | 27,52% |
1.3 | Audit committee β chair | 948 457 000 | 100,00% | 360 140 621 | 99,57% | 0,43% | 0,06% | 99,88% | 0,12% | 1 308 597 621 | 72,48% | 27,52% |
1.4 | Audit committee β member | 948 457 000 | 100,00% | 360 140 621 | 99,57% | 0,43% | 0,06% | 99,88% | 0,12% | 1 308 597 621 | 72,48% | 27,52% |
1.5 | Risk committee β chair | 948 457 000 | 100,00% | 360 140 626 | 99,58% | 0,42% | 0,06% | 99,88% | 0,12% | 1 308 597 626 | 72,48% | 27,52% |
1.6 | Risk committee β member | 948 457 000 | 100,00% | 360 140 626 | 99,56% | 0,44% | 0,06% | 99,88% | 0,12% | 1 308 597 626 | 72,48% | 27,52% |
1.7 | Human resources and remuneration committee β chair | 948 457 000 | 100,00% | 360 140 621 | 99,56% | 0,44% | 0,06% | 99,88% | 0,12% | 1 308 597 621 | 72,48% | 27,52% |
1.8 | Human resources and remuneration committee β member | 948 457 000 | 100,00% | 360 140 412 | 99,58% | 0,42% | 0,06% | 99,88% | 0,12% | 1 308 597 412 | 72,48% | 27,52% |
1.9 | Nomination committee β chair | 948 457 000 | 100,00% | 360 140 412 | 99,58% | 0,42% | 0,06% | 99,88% | 0,12% | 1 308 597 412 | 72,48% | 27,52% |
1.10 | Nomination committee β member | 948 457 000 | 100,00% | 360 140 412 | 99,58% | 0,42% | 0,06% | 99,88% | 0,12% | 1 308 597 412 | 72,48% | 27,52% |
1.11 | Social and ethics committee β chair | 948 457 000 | 100,00% | 360 140 492 | 99,57% | 0,43% | 0,06% | 99,88% | 0,12% | 1 308 597 492 | 72,48% | 27,52% |
1.12 | Social and ethics committee β member | 948 457 000 | 100,00% | 360 140 367 | 96,90% | 3,10% | 0,06% | 99,15% | 0,85% | 1 308 597 367 | 72,48% | 27,52% |
1.13 | Trustees of group share schemes/other personnel funds | 948 457 000 | 100,00% | 359 758 325 | 99,41% | 0,59% | 0,14% | 99,84% | 0,16% | 1 308 215 325 | 72,50% | 27,50% |
2 | Approve generally the provision of financial assistance in terms of section 44 | 948 457 000 | 100,00% | 358 815 201 | 86,38% | 13,62% | 0,13% | 96,26% | 3,74% | 1 307 272 201 | 72,55% | 27,45% |
3 | Approve generally the provision of financial assistance in terms of section 45 | 948 457 000 | 100,00% | 360 149 583 | 99,32% | 0,68% | ||||||
