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Results of Shareholder Meeting
2021/05/11 17:10:00Download PDF Stock report
Results of Shareholder Meeting
SAB Zenzele Kabili Holdings (RF) Limited
(Incorporated in the Republic of South Africa)
Registration number: 2019/616052/06
JSE Share Code: SZK
ISIN: ZAE000284196
(“SAB Zenzele Kabili” or the “Company”)
RESULTS OF SHAREHOLDER MEETING
Unless otherwise defined herein, capitalised terms used in this announcement shall bear the meanings ascribed to them
in the circular distributed to qualifying retailer shareholders of SAB Zenzele Holdings (RF) Limited on 8 April 2021
('Circular'), incorporating a notice of general meeting for purposes of approving the requisite resolutions required to
implement the Scheme, as contemplated in the announcement published by AB InBev dated 7 April 2021.
Retailer Shareholders are hereby advised that at the special general meeting of SAB Zenzele (“Shareholder Meeting”)
held and conducted entirely by electronic communication at 10:00 on Monday, 10 May 2021, all of the resolutions were
passed by the requisite majorities of Retailer Shareholders.
Details of the results of the voting at the Shareholder Meeting are as follows:
Votes for Votes against Number of
resolution as resolution as shares Number of
a percentage a percentage voted at the shares
of total of total Shareholder abstained
number of number of Number of Meeting as a as a
shares voted shares voted shares voted percentage percentage
at the at the at the of the total of the total
Resolutions proposed at the Shareholder Shareholder Shareholder shares in shares in
Shareholder Meeting Meeting Meeting Meeting issue issue
Special resolution number 1: 94.75% 5.25% 5 423 108 29.04% 1.46%
Approval of certain
amendments to SAB Zenzele
MOI
Special resolution number 2: 95.01% 4.99% 5 396 490 28.89% 1.53%
Approval of the Scheme
Notes:
i. The total number of SAB Zenzele Shares in issue as at the date of the Shareholder Meeting was 18,676,639.
ii. Total number of SAB Zenzele Shares that were present/represented at the Shareholder Meeting: 5 423 108
being 29.04 % of the total number of SAB Zenzele Shares that could have been voted at the Shareholder
Meeting.
Update regarding the Scheme
Although the above resolutions were approved at the Shareholder Meeting as detailed above, implementation of the
Scheme remains subject to the fulfilment or waiver of the remaining Scheme Conditions Precedent as set out in
paragraph 5.4 of the Circular. A further announcement will be published in due course in which Retailer Shareholders
will be provided with an update with regard to, inter alia, the remaining Scheme Conditions Precedent and the salient
dates and times in respect of the Scheme.
Directors responsibility statement
The SAB Zenzele Board individually and collectively accept full responsibility for the accuracy of the information
contained in this announcement. In addition, the SAB Zenzele Board certifies that to the best of its knowledge and belief,
the information contained in this announcement is true and, where appropriate, does not omit anything that is likely to
affect the importance of the information contained herein and that all reasonable enquiries to ascertain such information
has been made.
Bryanston
11 May 2021
JSE Sponsor to SAB Zenzele Kabili
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 11-05-2021 05:10:00
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