Namibia Breweries Limited Shareholders Overwhelmingly Approve Resolutions at Annual General Meeting

Namibia Breweries Limited (NBL) held its Annual General Meeting (AGM) on February 23, 2024, where shareholders voted on key resolutions affecting the company’s future direction. The AGM, a pivotal event in NBL’s corporate calendar, saw resounding support for all proposed resolutions.

Resolutions Passed with Overwhelming Majority

At the AGM, all ordinary resolutions put forward received significant backing from shareholders, with votes in favor exceeding 99%. These resolutions included the adoption of the Annual Financial Statements (AFS) and the re-election of directors, demonstrating shareholders’ confidence in NBL’s leadership and financial stewardship.

Appointment of Directors and External Auditors

Shareholders voted on the appointment of directors, with individuals like Hans-Bruno Gerdes and Roland Pirmez being re-elected with near-unanimous support. The appointment of new directors, including Martina Mokgatle and Jordi Borrut Bel, further strengthens NBL’s governance and expertise.

Additionally, shareholders confirmed the re-appointment of Deloitte & Touche as external auditors for the fiscal year 2024, ensuring continued rigorous financial scrutiny. Moreover, the appointment of KPMG as external auditors for fiscal year 2025 was confirmed, emphasizing NBL’s commitment to maintaining transparency and accountability in its operations.

Detailed Voting Results

A detailed breakdown of the voting results is as follows:

Conclusion

The AGM’s outcomes reflect the confidence and trust shareholders have in NBL’s management and strategic direction. With key resolutions passed and governance structures reinforced, NBL remains poised for continued success in the competitive beverage industry.