Huge Group Limited held its Annual General Meeting (AGM) on July 11, 2024. Shareholders approved all proposed resolutions. The resolutions included re-appointments, elections, and remuneration policies. The company’s share capital and voting outcomes were significant highlights.
Key Meeting Details
Share Capital and Voting Record
The company’s total issued share capital on the Voting Record Date (July 5, 2024) was 172,561,721 ordinary shares. The total number of shares eligible to vote, excluding 6,914,516 treasury shares, was 165,647,205.
Attendance and Representation
At the AGM, 123,718,897 shares were present or represented, including proxies. This represented 74.69% of the total issued share capital.
Table 1: Attendance and Voting Record
| Total Issued Shares | Eligible Voting Shares | Shares Represented at AGM | Percentage Represented |
|---|---|---|---|
| 172,561,721 | 165,647,205 | 123,718,897 | 74.69% |
Voting Results
All resolutions were approved by the requisite majority. Below are the voting results for each resolution.
Ordinary Resolutions
- Re-appointment of Independent Auditor
- Shares Voted: 123,705,627 (71.69%)
- Votes For: 95.43%
- Votes Against: 4.57%
- Abstentions: 0.01%
- Appointment of T van Tonder
- Shares Voted: 123,708,417 (71.69%)
- Votes For: 99.95%
- Votes Against: 0.05%
- Abstentions: 0.01%
- Re-election of Directors
- VHT Kathan:
- Shares Voted: 123,708,417 (71.69%)
- Votes For: 99.95%
- Votes Against: 0.05%
- Abstentions: 0.01%
- MR Beamish:
- Shares Voted: 123,708,417 (71.69%)
- Votes For: 95.43%
- Votes Against: 4.57%
- Abstentions: 0.01%
- VHT Kathan:
- Election of Audit Committee Members
- DR Gammie (Chairperson):
- Shares Voted: 123,705,627 (71.69%)
- Votes For: 92.92%
- Votes Against: 7.08%
- Abstentions: 0.01%
- VHT Kathan:
- Shares Voted: 123,705,627 (71.69%)
- Votes For: 95.43%
- Votes Against: 4.57%
- Abstentions: 0.01%
- CIJ Williams:
- Shares Voted: 123,705,627 (71.69%)
- Votes For: 99.95%
- Votes Against: 0.05%
- Abstentions: 0.01%
- MAA Boakye:
- Shares Voted: 123,705,627 (71.69%)
- Votes For: 99.95%
- Votes Against: 0.05%
- Abstentions: 0.01%
- DR Gammie (Chairperson):
Table 2: Ordinary Resolutions Voting Results
| Resolution | Shares Voted | Votes For | Votes Against | Abstentions |
|---|---|---|---|---|
| Re-appointment of Independent Auditor | 123,705,627 | 95.43% | 4.57% | 0.01% |
| Appointment of T van Tonder | 123,708,417 | 99.95% | 0.05% | 0.01% |
| Re-election of VHT Kathan | 123,708,417 | 99.95% | 0.05% | 0.01% |
| Re-election of MR Beamish | 123,708,417 | 95.43% | 4.57% | 0.01% |
| Election of DR Gammie as Chairperson | 123,705,627 | 92.92% | 7.08% | 0.01% |
| Election of VHT Kathan as Member | 123,705,627 | 95.43% | 4.57% | 0.01% |
| Election of CIJ Williams as Member | 123,705,627 | 99.95% | 0.05% | 0.01% |
| Election of MAA Boakye as Member | 123,705,627 | 99.95% | 0.05% | 0.01% |
Advisory Endorsements
- Approval of the Company’s Remuneration Policy
- Shares Voted: 123,705,627 (71.69%)
- Votes For: 92.92%
- Votes Against: 7.08%
- Abstentions: 0.01%
- Approval of the Company’s Remuneration Implementation Report
- Shares Voted: 123,705,627 (71.69%)
- Votes For: 92.92%
- Votes Against: 7.08%
- Abstentions: 0.01%
Special Resolutions
- Approval of the Remuneration of Non-Executive Directors
- Shares Voted: 123,705,627 (71.69%)
- Votes For: 99.95%
- Votes Against: 0.05%
- Abstentions: 0.01%
- General Authority to Repurchase (Acquire) Securities
- Shares Voted: 123,705,627 (71.69%)
- Votes For: 95.43%
- Votes Against: 4.57%
- Abstentions: 0.01%
Table 3: Advisory Endorsements and Special Resolutions Voting Results
| Resolution | Shares Voted | Votes For | Votes Against | Abstentions |
|---|---|---|---|---|
| Approval of Remuneration Policy | 123,705,627 | 92.92% | 7.08% | 0.01% |
| Approval of Remuneration Implementation | 123,705,627 | 92.92% | 7.08% | 0.01% |
| Remuneration of Non-Executive Directors | 123,705,627 | 99.95% | 0.05% | 0.01% |
| Authority to Repurchase Securities | 123,705,627 | 95.43% | 4.57% | 0.01% |
Conclusion
Huge Group Limited successfully held its AGM with a strong shareholder presence. All resolutions were approved by a significant majority. This reflects shareholder confidence in the company’s leadership and strategic direction. The company remains well-positioned for future growth and governance.
