JSE Sens

BELL EQUIPMENT LIMITED - Results of the Annual General Meeting

16 May 2019 - 11:15 AM
BEL
Results of the Annual General Meeting

Bell Equipment Limited
(Incorporated in the Republic of South Africa)
(Registration No. 1968/013656/06)
Share code: BEL
ISIN:   ZAE000028304
(Bell or the Company)



RESULTS OF THE ANNUAL GENERAL MEETING

At the 51st Annual General Meeting ("AGM") of Bell shareholders held on 15 May 2019, the following
resolutions, as set out in the notice of annual general meeting incorporated in the Integrated Annual
Report and distributed to shareholders on 8 April 2019, were duly approved by the requisite majority of
votes. In this regard, Bell confirms the voting statistics from the AGM as follows:

Shares voted in relation to the total issued share capital:

 Number of shares     Total issued share         Percentage shares
       voted               capital                     voted

  86 904 430              95 629 385                   90.88%


                                          Votes carried                                         Shares
                                                                            Shares voted
                                         disclosed as a                                        abstained
                                                                           disclosed as a
                                          percentage in                                     disclosed as a
                                                                           percentage in
                                         relation to the                                     percentage in
                                                             Number of      relation to
Resolutions                              total number of                                    relation to the
                                                            shares voted     the total
                                         shares voted at                                     total issued
                                                                            issued share
                                           the meeting                                       share capital
                                                                              capital
                                        For      Against
1. Consideration of the annual        100%   0%   86 862 886   90,83%   0,04%
financial statements for the period
ended 31 December 2018
2.1. Re-election of Mr J Barton       99,10%   0,90%   86 862 886   90,83%   0,04%
as the lead independent non-
executive director of the Company
2.2 Re-election of Ms M Ramathe       99,18%   0,82%   86 862 886   90,83%   0,04%
as an independent non-executive
director of the Company


2.3 Re-election of Mr R Naidu as      99,18%   0,82%   86 862 686   90,83%   0,04%
an independent non-executive
director of the Company


3.1. To appoint Mr D Lawrance as a    99,18%   0,82%   86 862 886   90,83%   0,04%
member of the Audit Committee

3.2. To appoint Mr R Naidu as a       99,18%   0,82%   86 862 686   90,83%   0,04%
member of the Audit Committee

3.3. To appoint Ms M Ramathe as       99,18%   0,82%   86 862 686   90,83%   0,04%
a member of the Audit Committee
3.4. To appoint Mr J Barton as a      98,79%   1,21%   86 862 686   90,83%   0,04%
member of the Audit Committee


4. Appointment of Deloitte & Touche   99,41%   0,59%   86 862 886   90,83%   0,04%
as the auditors of the Company

5. Placement of the authorised but   91,89%    8,11%   86 862 886   90,83%   0,04%
unissued shares under the control of
the directors
6. Non-binding advisory vote          91,49%   8,51%   81 031 534   84,73%   6,14%
concerning the Companys
remuneration policy
7. Non-binding advisory vote         95,06%   4,94%   81 031 534   84,73%   6,14%
concerning the Companys
remuneration implementation report
Special Business
1. The general authority for the     99,91%   0,09%   86 862 886   90,83%   0,04%
provision of financial assistance
in terms of Section 45 of the
Companies Act, No 71 of
2008, as amended
2.1 Non-executive directors         100%     0%      86 787 492   90,75%   0,12%
remuneration from 1 January 2020:
annual retainer fee: non-executive
Chairman
2.2 Non-executive directors         100%     0%      86 787 492   90,75%   0,12%
remuneration from 1 January 2020:
annual retainer fee: lead
independent non-executive director
2.3 Non-executive directors         100%     0%      86 787 492   90,75%   0,12%
remuneration from 1 January 2020:
annual retainer fee: non-executive
directors
2.4 Non-executive directors         100%     0%      86 787 492   90,75%   0,12%
remuneration from 1 January 2020:
fees paid per meeting to the
chairman of the board and chairmen
of the committees: Board
2.5 Non-executive directors         100%     0%      86 787 492   90,75%   0,12%
remuneration from 1 January 2020:
fees paid per meeting to the
chairman of the board and chairmen
of the committees: Audit Committee
2.6 Non-executive directors         100%   0%   86 787 492   90,75%   0,12%
remuneration from 1 January 2020:
fees paid per meeting to the
chairman of the board and chairmen
of the committees: Risk and
Sustainability Committee

2.7 Non-executive directors         100%   0%   86 787 492   90,75%   0,12%
remuneration from 1 January 2020:
fees paid per meeting to the
chairman of the board and chairmen
of the committees: Nominations
Committee
2.8 Non-Executive directors         100%   0%   86 787 492   90,75%   0,12%
remuneration from 1 January 2020:
fees paid per meeting to the
chairman of the board and chairmen
of the committees: Remuneration
Committee

2.9 Non-Executive directors         100%   0%   86 787 492   90,75%   0,12%
remuneration from 1 January 2020:
fees paid per meeting to the
chairman of the board and chairmen
of the committees: Social, Ethics
and Transformation Committee
2.10 Non-Executive directors        100%   0%   86 787 492   90,75%   0,12%
remuneration from 1 January 2020:
fees paid per board meeting to the
lead independent non-executive
director
2.11 Non-Executive directors         100%   0%   86 787 492   90,75%   0,12%
remuneration from 1 January 2020:
fees paid per meeting to non-
executive directors: Board
2.12 Non-Executive directors         100%   0%   86 787 492   90,75%   0,12%
remuneration from 1 January 2020:
fees paid per meeting to non-
executive directors: Audit
Committee
2.13 Non-Executive directors         100%   0%   86 787 492   90,75%   0,12%
remuneration from 1 January 2020:
fees paid per meeting to non-
executive directors: Risk and
Sustainability Committee

2.14 Non-Executive directors         100%   0%   86 787 492   90,75%   0,12%
remuneration from 1 January 2020:
fees paid per meeting to non-
executive directors: Nominations
Committee
2.15 Non-Executive directors         100%   0%   86 787 492   90,75%   0,12%
remuneration from 1 January 2020:
fees paid per meeting to non-
executive directors: Remuneration
Committee
2.16 Non-Executive directors         100%   0%   86 787 492   90,75%   0,12%
remuneration from 1 January 2020:
fees paid per meeting to non-
executive directors: Social, Ethics
and Transformation Committee
2.17 Non-Executive directors        100%     0%      86 787 492   90,75%   0,12%
remuneration from 1 January 2020:
fees paid per meeting to non-
executive directors: Bell Audit
Services Committee

3. General authority to repurchase   99,50%   0,50%   86 862 886   90,83%   0,04%
shares




Richards Bay
16 May 2019

Sponsor
INVESTEC BANK LIMITED

Date: 16/05/2019 11:15:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.