Results of general meeting
13 April 2016
Shareholders of ARM (“Shareholders”) are referred to the announcements released on the Stock Exchange News Service of the JSE Limited on Monday, 15 February 2016 and Friday, 11 March 2016 regarding the proposed specific repurchase by a wholly-owned subsidiary of ARM (“Subco”) of approximately 12.7 million ARM ordinary shares (“ARM Shares”) held by the ARM Broad-Based Economic Empowerment Trust (the “Trust”) and the provision of a subordinated unsecured loan by ARM to the Trust (“the Proposed Restructuring”).
At the general meeting of Shareholders held today, Wednesday, 13 April 2016, in terms of the notice of general meeting distributed to Shareholders on Friday, 11 March 2016, all the special and ordinary resolutions proposed in relation to the Proposed Restructuring were passed by the requisite majority of votes.
The total number of shares voted in person or by proxy at the general meeting was 177 151 506 ARM Shares, representing 81.27% of ARM’s issued share capital and 93.55% of the votable ARM Shares as at Friday, 8 April 2016, being the Voting Record Date.
The voting results were as follows:
| RESOLUTION | TOTAL ARM SHARES VOTED | SHARES ABSTAINED | |||
|---|---|---|---|---|---|
| FOR (%) |
AGAINST (%) | NUMBER | %* | %* | |
| Special resolution number 1: Specific authority for the repurchase by Subco of 12 717 328 ARM Shares from the Trust |
99.98 | 0.02 | 176 169 861 | 80.82 | 0.45 |
| Special resolution number 2: Approval of the Trust loan refinancing |
99.45 | 0.55 | 177 110 071 | 81.25 | 0.02 |
| Ordinary resolution: Directors’ authority to take all such actions necessary to implement the Proposed Restructuring |
99.45 | 0.55 | 177 110 071 | 81.25 | 0.02 |
*Expressed as a percentage of 217 985 109 ARM Shares in issue as at the Voting Record Date.
For all investor relations queries, please contact:
Jongisa Magagula
Corporate Development and Head of Investor Relations
Office: +27 11 779 1507
Email: jongisa.magagula@arm.co.za
Johannesburg
13 April 2016
Financial adviser and transaction sponsor: UBS South Africa Proprietary Limited
Sponsor: Deutsche Securities (SA) (Proprietary) Limited