Successful AGM for KAL Group Limited: Shareholders Approve All Resolutions

  • KAL Group Limited's AGM saw unanimous approval of all resolutions, reflecting strong shareholder confidence and support.
  • Shareholders voted overwhelmingly in favor of key measures, including auditor appointment and director re-election.
  • The successful AGM, held in Paarl with PSG Capital sponsorship, highlights KAL Group's commitment to transparency and governance.

KAL Group Limited, formerly known as Kaap Agri Limited, celebrated a triumph at its Annual General Meeting (AGM) held on Thursday, February 8, 2024, at the Grande Roche Hotel in Paarl. Shareholders convened to vote on various resolutions, and the outcomes reflected overwhelming support for the company’s proposed measures.

Unanimous Approval of Resolutions

Shareholders demonstrated their confidence in the company by approving all resolutions proposed at the AGM. This display of unity underscores the shareholders’ belief in KAL Group’s strategic direction and leadership.

The following table provides a summary of the resolutions and their respective voting results:

ResolutionVotes For (%)Votes Against (%)Total Shares VotedAbstained (%)
Appointment of Deloitte as the Auditor97.122.8837,058,0670.03
Re-election of Dr. EA Messina as Director99.960.0437,058,0670.03
Re-election of Mr. GM Steyn as Director92.627.3837,064,2450.02
Re-election of Mr. I Chalumbira as Director1000.0037,058,0670.03
Re-appointment of Mr. CA Otto as Member of Audit and Risk Committee91.838.1737,064,2450.02
Re-appointment of Mrs. D du Toit as Member of Audit and Risk Committee98.341.6637,058,0670.03
Re-appointment of Ms. B Mathews as Member of Audit and Risk Committee1000.0037,058,0670.03
Appointment of Mr. JH le Roux as a Member of Audit and Risk Committee93.536.4737,064,2450.02
Non-binding endorsement of KAL Group’s remuneration policy88.3111.6937,040,4610.05
Non-binding endorsement of KAL Group’s implementation report on the remuneration policy91.478.5337,058,0670.03
General authority to issue ordinary shares for cash93.436.5734,949,1422.87
Approval of non-executive directors’ remuneration98.331.6737,057,5860.03
Share repurchases by the Company and its subsidiaries98.781.2237,058,0670.03
Inter-company financial assistance1000.0037,058,0670.03
Financial assistance for the subscription and/or purchase of shares in the Company or a related or interrelated company95.974.0337,057,5860.03


The resounding endorsement of all resolutions at KAL Group Limited’s AGM signals a unified vision among shareholders and underscores the company’s commitment to excellence. With a clear mandate from its investors, KAL Group is poised to navigate the future with confidence and drive sustained growth and success in the [industry] sector.

Quick Poll



South Africa’s primary source of financial tools and information

Contact Us


Rateweb strives to keep its information accurate and up to date. This information may be different than what you see when you visit a financial institution, service provider or specific product’s site. All financial products, shopping products and services are presented without warranty. When evaluating offers, please review the financial institution’s Terms and Conditions.

Rateweb is not a financial service provider and should in no way be seen as one. In compiling the articles for our website due caution was exercised in an attempt to gather information from reliable and accurate sources. The articles are of a general nature and do not purport to offer specialised and or personalised financial or investment advice. Neither the author, nor the publisher, will accept any responsibility for losses, omissions, errors, fortunes or misfortunes that may be suffered by any person that acts or refrains from acting as a result of these articles.