Results of annual general meeting
5 December 2016
The shareholders of ARM (“Shareholders”) are advised that at the annual general meeting of Shareholders (“Annual General Meeting”) held on Friday, 2 December 2016, in terms of the notice of Annual General Meeting distributed to Shareholders on Monday, 31 October 2016, all of the resolutions tabled were passed by the requisite majority of votes cast by Shareholders present in person or represented by proxy.
As at Friday, 25 November 2016, being the Voting Record Date, the total issued share capital of ARM was 218 384 758 (“Issued Shares”) and the total number of votable shares was 189 770 018 (“Votable Shares”). The number of ARM shares voted in person or by proxy at the Annual General Meeting is 177 352 473 shares, representing 81.21% of the Issued Shares and 93.46% of the Votable Shares.
The voting results were as follows:
| RESOLUTION | |||||
|---|---|---|---|---|---|
|
SHARES VOTED FOR(%)* |
SHARES VOTED AGAINST (%)* |
NUMBER |
SHARES VOTED AS A PERCENT OF |
SHARES ABSTAINED AS A PERCENT OF ISSUED SHARES (%)** | |
| Ordinary resolution number 1 Re-election of Mr F Abbott as a Director |
97.09 | 2.91 | 175 998 353 | 80.59 | 0.62 |
| Ordinary resolution number 2 Re-election of Mr T A Boardman as a Director |
99.53 | 0.47 | 175 998 353 | 80.59 | 0.62 |
| Ordinary resolution number 3 Re-election of W M Gule as a Director |
97.12 | 2.88 | 175 998 353 | 80.59 | 0.62 |
| Ordinary resolution number 4 Re-appointment of Ernst & Young Inc. as external auditor and re-appointment of Mr L I N Tomlinson as the person designated to act on behalf of the external auditor |
93.07 | 6.93 | 177 351 891 | 81.21 | 0.00 |
| Ordinary resolution number 5 Election of Audit and Risk Committee Members |
|||||
| Ordinary resolution number 5.1 Mr TA Boardman |
99.53 | 0.47 | 175 998 353 | 80.59 | 0.62 |
| Ordinary resolution number 5.2 Mr F Abbott |
92.42 | 7.58 | 175 998 353 | 80.59 | 0.62 |
| Ordinary resolution number 5.3 Dr MMM Bakane-Tuoane |
99.19 | 0.81 | 175 998 353 | 80.59 | 0.62 |
| Ordinary resolution number 5.4 Mr AD Botha |
99.95 | 0.05 | 175 997 771 | 80.59 | 0.62 |
| Ordinary resolution number 5.5 Mr AK Maditsi |
99.19 | 0.81 | 175 998 353 | 80.59 | 0.62 |
| Ordinary resolutionnumber 5.6 Dr RV Simelane |
99.19 | 0.81 | 175 998 353 | 80.59 | 0.62 |
| Ordinary resolution number 6 Non-binding advisory vote on ARM’s Remuneration Policy |
90.03 | 9.97 | 167 779 970 | 76.83 | 4.38 |
| Special resolution number 1 Increase in annual retainer fees and the per Board meeting attendance fees of Non-executive Directors |
99.95 | 0.05 | 175 997 771 | 80.59 | 0.62 |
| Special resolution number 2 Increase in the per Committee meeting attendance fees of Committee members |
99.88 | 0.12 | 175 997 771 | 80.59 | 0.62 |
*Expressed as a percentage of the number of shares voted per resolution.
**Expressed as a percentage of 218 384 758 Issued Shares as at the Voting Record Date.
Sandton
5 December 2016
Sponsor: Deutsche Securities (SA) (Proprietary) Limited