Result of AGM

Source: RNS
RNS Number : 4517N
Standard Bank Group Limited
31 May 2022
 


Standard Bank Group Limited

25 April 2022

 

Results of Annual General Meeting and Retirement of Director

 

Standard Bank Group (or "the Company") is pleased to advise its shareholders that all the ordinary and special resolutions proposed in the Notice of annual general meeting ("AGM") and tabled at the Company's AGM held at 09h00 today, Tuesday 31 May 2022 were passed by the requisite majority of votes cast by shareholders.

 

As at Friday, 27 May 2022, being the AGM record date ("Voting Record Date"), the Standard Bank Group's share capital was as follows:

-   the total number of ordinary shares of 10 cents each ("Ordinary Shares") in issue was 1 677 957 117, ("Standard Bank Issued Ordinary Shares"); and

-   the total number of non-redeemable preference shares of 1 cent each ("Preference Shares") in issue was 52 982 248, ("Standard Bank Issued Preference Shares").

 

The issued Ordinary and Preference Shares eligible to vote by being present in person (online) or by submitting proxies was as follows:

 

-   1 355 304 971 Ordinary Shares, being 81% of issued Ordinary Shares ("Standard Bank Voteable Ordinary Shares"); and

 

-   12 961 389 Preference Shares, being 24% of the issued Preference Shares ("Standard Bank Voteable Preference Shares").

 

The voting details with respect to the proposed resolutions were as follows:

 


1.  Ordinary Resolution - Re-election of directors

 


Total Ordinary Shares voted

Ordinary Shares abstained

Directors

For (%)(1)

Against (%)(1)

Number

%(2)

%(2)

1.1   Geraldine Fraser-Moleketi

99,74

0,26

1 352 265 156

80,59

0,18

1.2   Trix Kennealy

99,76

0,24

1 352 273 044

80,59

0,18

1.3   Li Li

99,49

0,51

1 352 281 176

80,59

0,18

1.4   Martin Oduor-Otieno

99,76

0,24

1 352 281 164

80,59

0,18

1.5   John Vice

99,40

0,60

1 352 281 019

80,59

0,18

 


2.  Re-election of Group Audit Committee (GAC) Members

 


Total Ordinary Shares voted

Ordinary Shares abstained

Directors

For (%)(1)

Against (%)(1)

Number

%(2)

%(2)

2.1   Trix Kennealy

99,42

0,58

1 352 281 941

80,59

0,18

2.2   Martin Oduor-Otieno

99,43

0,57

1 352 280 569

80,59

0,18

2.3   John Vice

97,67

2,33

1 352 281 791

80,59

0,18

2.4   Nomgando Matyumza

99,53

0,47

1 352 278 519

80,59

0,18

2.5   Atedo Peterside

98,74

1,26

1 352 282 269

80,59

0,18

 


3.  Ordinary Resolution - Re-appointment of external auditors

 


Total Ordinary Shares voted

Ordinary Shares abstained


For (%)(1)

Against (%)(1)

Number

%(2)

%(2)

3.1 KPMG Inc.

71,82

28,18

1 352 288 850

80,59

0,18

3.2 PWC Inc.

77,20

22,80

1 352 283 702

80,59

0,18

 

 

4.  Ordinary Resolution - Placing of authorised but unissued ordinary shares under the control of the directors

 

Total Ordinary Shares voted

Ordinary Shares abstained

For (%)(1)

Against (%)(1)

Number

%(2)

%(2)

88,05

11,95

1 352 275 941

80,59

0,18

 

 

 

5.    Ordinary Resolution - Placing of authorised but unissued non-redeemable preference shares under the control of the directors

 

Total Ordinary Shares voted

Ordinary Shares abstained

For (%)(1)

Against (%)(1)

Number

%(2)

%(2)

97,89

2,11

1 352 275 824

80,59

0,18

 

 

6.  Ordinary Resolution - Non-binding advisory vote on remuneration policy and implementation report

 


Total Ordinary Shares voted

Ordinary Shares abstained


For (%)(1)

Against (%)(1)

Number

%(2)

%(2)

6.1  Standard Bank Group's remuneration policy

75,50

24,50

1 351 512 634

80,55

0,22

6.2  Standard Bank Group's implementation report

75,91

24,09

1 352 244 233

80,59

0,18

 


7.  Special Resolution - Approval of non-executive directors' fees

 


Total Ordinary Shares voted

Ordinary Shares abstained


For (%)(1)

Against (%)(1)

Number

%(2)

%(2)

7.1      Chairman

98,95

1,05

1 352 187 726

80,59

     0,18

7.2      Directors

     98,37

1,63

1 352 190 937

80,59

0,18

7.3      International Directors

92,80

7,20

1 352 189 976

80,59

0,18

7.4      Audit Committee

7.4.1   Chairman

99,85

0.15

1 352 190 426

80,59

0,18

7.4.2   Member

     95,32

4,68

1 352 190 426

80,59

0,18

7.5      Directors' Affairs Committee

7.5.1   Chairman

98,24

1,76

1 352 190 329

80,59

0,18

7.5.2   Member

99,85

0,15

1 352 187 885

80,59

0,18

7.6      Remuneration Committee

7.6.1   Chairman

98,24,

1,76

1 352 189 535

80,59

0,18

7.6.2   Member

95,32

4,68

1 352 241 315

80,59

0,18

7.7      Risk and Capital Management Committee

7.7.1   Chairman

99,88

0,12

1 352 189 052

80,59

0,18

7.7.2   Member

95,35

4,65

1 352 188 002

80,59

0,18

7.8      Social and Ethics Committee

7.8.1   Chairman

98,27

1,73

1 352 191 580

80,59

0,18

7.8.2   Member

95,37

4,63

1 352 191 702

80,59

0,18

7.9      Engineering Committee

7.9.1   Chairman

     98,25

1,75

1 352 189 014

80,59

0,18

7.9.2   Member

95,23

4,77

1 327 497 305

79,11

1,66

7.10    Model Approval Committee

7.10.1 Chairman

98,56

1,44

1 352 189 497

80,59

0,18

7.10.2 Member

     95,32

4,68

1 352 189 497

80,59

0,18

7.11    Large Exposure Credit Committee

99,82

0,18

1 352 186 352

80,59

0,18

7.12    Ad Hoc Committee

99,10

0,90

1 352 188 464

80,59

0,18

 

 

8.  Special Resolution - General authority to acquire the Company's ordinary shares

 

Total Ordinary Shares voted

Ordinary Shares abstained

For (%)(1)

Against (%)(1)

Number

%(2)

%(2)

98,81

1,19

1 351 578 860

80,55

0,22

 


9.  Special Resolution - General authority to acquire the Company's preference shares

 

Total Ordinary Shares voted

Ordinary Shares abstained

For (%)(1)

Against (%)(1)

Number

%(2)

%(2)

     99,42

0,58

1 325 294 604

80,59

0,22

Total Preference Shares voted

Preference Shares abstained

For (%)(3)

Against (%)(3)

Number

%(4)

%(4)

99,61

0,39

12 450 770

23,50

0,31

 

In regard to special resolution 9, the holders of Preference Shares were entitled to vote.

 

 

10. Special Resolution - Loans or other financial assistance to related or inter-related companies

 

Total Ordinary Shares voted

Ordinary Shares abstained

For (%)(1)

Against (%)(1)

Number

%(2)

%(2)

98,92

1,08

1 352 268 299

80,59

0,18

 

 

11. Non-binding advisory resolution requisitioned by Aeon Investment Management and Just Share NPC

 


Total Ordinary Shares voted

Ordinary Shares abstained

Directors

For (%)(1)

Against (%)(1)

Number

%(2)

%(2)

11.1By 31 March 2023, report on the progress in calculating financed greenhouse gas emissions from exposure to oil and gas

99.75

0,25

1 351 635 578

80,55

0,22

11.2 By 31 March 2024, disclosure of baseline financed greenhouse gas emissions from exposure to oil and gas

99,74

0,26

1 351 636 623

80,55

0,22

11.3 By 31 March 2025 update the Company's Climate Policy to include short-, medium-, and long-term targets for the Company's financed greenhouse gas emissions from oil and gas, aligned with the Paris Agreement

99,74

0,26

1 351 546 149

80,55

0,22

 

(1)  Expressed as a percentage of Standard Bank's voteable Ordinary Shares for the resolution.

(2)  Expressed as a percentage of 1 677 957 117 Standard Bank Issued Ordinary Shares.

(3)  Expressed as a percentage of Standard Bank's voteable Preference Shares for the resolution.

(4)  Expressed as a percentage of 52 982 248 Standard Bank Issued Preference Shares.

 

 

RETIREMENT OF A DIRECTOR

 

In compliance with paragraph 3.59 of the JSE Limited ("JSE") Listings Requirements and paragraph 6.39 of the JSE Debt Listings Requirements and as announced on the Stock Exchange News Service on 31 March 2022, Standard Bank Group advises that Thulani Gcabashe retired as chairman and an independent non-executive director at the close of the company's Annual General Meeting held today, Tuesday, 31 May 2022. The board extends its sincere appreciation to Thulani Gcabashe for his invaluable contribution to the group.

 

 

 

For further information, please contact:

Ann Hunter

Standard Bank Group Limited
9th Floor
5 Simmonds Street, Johannesburg PO Box 2001
South Africa
Telephone number: +27 11 415 4194

 



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