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LIFE HEALTHCARE GROUP HOLDINGS LIMITED - Report on proceedings at the annual general meeting

Release Date: 31/01/2019 10:00
Code(s): LHC     PDF:  
 
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Report on proceedings at the annual general meeting

LIFE HEALTHCARE GROUP HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 2003/002733/06)
ISIN: ZAE000145892
Share Code: LHC
("Life Healthcare" or "the Company")


REPORT ON PROCEEDINGS AT THE ANNUAL GENERAL MEETING

At the 14th annual general meeting ("AGM" or "meeting") of the shareholders of Life Healthcare held on 30 January 2019, all the ordinary and special resolutions
proposed at the meeting were approved by the requisite majority of votes. Life Healthcare confirms the voting statistics from the AGM as follows:


Resolutions                                    Votes cast disclosed as a             Number of        Shares voted            Shares abstained
                                               percentage in relation to the total   shares voted     disclosed as a          disclosed as a
                                               number of shares voted at the                          percentage in           percentage in
                                               meeting                                                relation to the total   relation to the total
                                                                                                      issued share capital*   issued share capital*
                                               For                 Against

1. Re-election of directors retiring by
rotation:
1.1   PJ Golesworthy                           99,17%              0,83%             1 190 442 717    81,13%                  0,03%
1.2   Dr MP Ngatane                            97,94%              2,06%             1 190 442 717    81,13%                  0,03%
1.3   JK Netshitenzhe                          99,78%              0,22%             1 190 442 717    81,13%                  0,03%
Election of director appointed during
the year:
1.4   Dr SB Viranna                            99,42%              0,58%             1 190 442 717    81,13%                  0,03%

2. Re-appointment of external auditors         73,89%              26,11%            1 190 442 717    81,13%                  0,03%

3. Appointment of audit
committee members:
3.1   PJ Golesworthy(chairman)                 99,38%              0,62%             1 190 442 717    81,13%                  0,03%
3.2   AM Mothupi                               98,69%              1,31%             1 190 442 717    81,13%                  0,03%
3.3   GC Solomon                               72,61%              27,39%            1 190 442 717    81,13%                  0,03%
3.4   RT Vice                                  99,40%              0,60%             1 190 442 717    81,13%                  0,03%

4. Remuneration policy and report:
4.1   Advisory endorsement of the              74,49%              25,51%            1 190 105 449    81,11%                  0,05%
      Company's remuneration policy
4.2   Advisory endorsement of the              75,49%              24,51%            916 233 447      62,44%                  18,72%
      Company's remuneration
      implementation report

Special resolutions
1.    General authority to repurchase          99,93%              0,07%             1 188 130 465    80,97%                  0,19%
      Company shares

2.    General authority to provide financial   97,17%              2,83%             1 190 417 253    81,13%                  0,03%
      assistance to related and inter-related
      companies

3.    Approval of non-executive directors'     95,08%              4,92%             1 189 720 020    81,08%                  0,08%
      remuneration

*Total issued share capital is 1 467 349 162

Shareholders are further advised that as Ordinary resolution number 4.1 relating to the non-binding advisory vote on the Company's remuneration policy was voted
against by more than 25% of Life Healthcare's shareholders present in person or represented by proxy at the AGM, an invitation will be extended to such dissenting
shareholders to engage with the Company. The manner and timing of such engagement has not as yet been finalised and Life Healthcare will issue a further
announcement including such details.

The special resolution/s will, where necessary, be lodged for registration with the Companies and Intellectual Property Commission in due course.

Illovo
31 January 2019

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
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