• Combined Motor Holdings (CMH) successfully passed all resolutions at its Annual General Meeting (AGM) with majority shareholder approval.
• The resolutions included the approval of annual financial statements, the election of directors and audit committee members, the appointment of an external auditor, and the approval of fees for non-executive directors.
• The high turnout of shareholders and their overwhelming support demonstrate confidence in CMH’s leadership and strategic direction for future growth.

Combined Motor Holdings Limited (CMH) held its Annual General Meeting (AGM) on Tuesday, June 7, 2023, where shareholders gathered to consider and vote on various resolutions. Today, CMH released a statement announcing that all resolutions were successfully approved by the requisite majority of votes.

The AGM, a significant event in CMH’s corporate calendar, aimed to address key resolutions outlined in the CMH notice of AGM. Shareholders were informed that these resolutions required majority approval to pass. The company expressed its satisfaction with the level of shareholder participation in the voting process.

Out of a total of 74,801,998 ordinary shares eligible for voting, 52,292,072 shares were voted either in person or by proxy at the AGM. This impressive turnout represents approximately 70% of the total issued ordinary shares eligible for voting.

The results of the voting for each resolution were as follows:

Ordinary Resolution number 1: Approval of annual financial statements

• Voted for: 100% of shares voted
• Voted against: 0%
• Abstentions: 0%

Ordinary Resolution number 2: Election of directors 2.1 JS Dixon

• Voted for: 91% of shares voted
• Voted against: 8%
• Abstentions: 1%

2.2 ME Jones

• Voted for: 99% of shares voted
• Voted against: 0%
• Abstentions: 1%

Ordinary Resolution number 3: Election of audit and risk assessment committee members 3.1 ME Jones

• Voted for: 99% of shares voted
• Voted against: 0%
• Abstentions: 1%

3.2 AY Metu

• Voted for: 99% of shares voted
• Voted against: 0%
• Abstentions: 1%

3.3 MR Nkadimeng

• Voted for: 99% of shares voted
• Voted against: 0%
• Abstentions: 1%

Ordinary Resolution number 4: Appointment of external auditor

• Voted for: 92% of shares voted
• Voted against: 8%
• Abstentions: 0%

Ordinary Resolution number 5: Remuneration policy 5.1 Remuneration policy

• Voted for: 97% of shares voted
• Voted against: 3%
• Abstentions: 0%

5.2 Implementation report

• Voted for: 97% of shares voted
• Voted against: 3%
• Abstentions: 0%

Special Resolution number 1: Approval of fees of non-executive directors for 1.1 Chairman of the Board

• Voted for: 96% of shares voted
• Voted against: 4%
• Abstentions: 0%

1.2 Directors

• Voted for: 100% of shares voted
• Voted against: 0%
• Abstentions: 0%

1.3 Chairman of the Audit risk and assessment committee

• Voted for: 100% of shares voted
• Voted against: 0%
• Abstentions: 0%

1.4 Other fees

• Voted for: 100% of shares voted
• Voted against: 0%
• Abstentions: 0%

The successful approval of all resolutions indicates strong support and confidence from CMH shareholders. It highlights their trust in the company’s leadership and its strategic direction. The approved resolutions will have significant implications for CMH’s operations and governance, ensuring the company’s continued growth and success.