Reunert Limited’s Shareholders Approve All Resolutions at 110th AGM

  • Reunert Limited's 110th Annual General Meeting (AGM) saw all proposed resolutions approved by majority votes.
  • Shareholders voted on various matters including director elections, auditor appointments, and remuneration policies.
  • The AGM showcased strong shareholder support for the company's governance, financial plans, and strategic decisions.

In a display of overwhelming support for Reunert Limited, shareholders have endorsed all resolutions proposed at the company’s 110th Annual General Meeting (AGM) held on Thursday, February 22, 2024.

Unanimous Approval

At the AGM, shareholders collectively voted on a range of crucial matters impacting the company’s governance, strategic direction, and financial operations. All resolutions presented were met with resounding approval, affirming investor confidence in Reunert’s leadership and future prospects.

Key Resolutions and Voting Statistics

The AGM witnessed shareholders casting their votes on various resolutions, including the election and re-election of directors, appointment of auditors, approval of remuneration policies, and authorization for share repurchases and financial assistance. Here’s a breakdown of some of the key resolutions and their voting statistics:

ResolutionVotes CarriedVotes AgainstPercentage ForPercentage Against
Election of Mr GB Dalgleish as an independent non-executive director99.53%0.47%143,476,49977.57%
Re-election of Ms T AbdoolSamad as an independent non-executive director98.57%1.43%143,476,49977.57%
Appointment of KPMG Incorporated as the independent external auditor99.17%0.83%143,476,33277.57%
General authority to repurchase shares99.54%0.46%143,476,49977.57%

Strong Shareholder Support

The significant majority votes in favor of all resolutions underscore shareholders’ confidence in Reunert’s management, governance practices, and strategic initiatives. The unanimous approval reflects the company’s transparent communication, robust financial performance, and commitment to shareholder value.

Future Outlook

With the successful conclusion of the AGM and the mandate secured for proposed actions, Reunert Limited is poised to continue its trajectory of growth and value creation. The resolute backing from shareholders signals a positive outlook for the company as it navigates through evolving market dynamics and pursues its strategic objectives.

Conclusion

Reunert Limited’s 110th AGM serves as a testament to the strong partnership between the company and its shareholders. The unanimous approval of all resolutions reaffirms investor trust and provides a solid foundation for Reunert’s continued success in the South African market and beyond.

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