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:
| Resolution | Votes Carried | Votes Against | Percentage For | Percentage Against |
|---|---|---|---|---|
| Election of Mr GB Dalgleish as an independent non-executive director | 99.53% | 0.47% | 143,476,499 | 77.57% |
| Re-election of Ms T AbdoolSamad as an independent non-executive director | 98.57% | 1.43% | 143,476,499 | 77.57% |
| Appointment of KPMG Incorporated as the independent external auditor | 99.17% | 0.83% | 143,476,332 | 77.57% |
| General authority to repurchase shares | 99.54% | 0.46% | 143,476,499 | 77.57% |
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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