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Report on proceedings at the 2025 Annual General Meeting
Pick n Pay Stores Limited
Incorporated in the Republic of South Africa
Registration number: 1968/008034/06
JSE and A2X share code: PIK
ISIN code: ZAE000005443
("the Group")
REPORT ON PROCEEDINGS AT THE 2025 ANNUAL GENERAL MEETING
Shareholders are advised that, at the 57th Annual General Meeting (AGM) of Pick n Pay Stores Limited held today, 5 August 2025, all the ordinary,
advisory and special resolutions proposed at the AGM were approved by the requisite majority of votes.
The following information is provided:
Number of issued ordinary shares 745 657 130
Number of treasury shares (not voted) 4 122 127
Number of ordinary shares capable of being voted at the AGM 741 535 003
Number of B ordinary shares capable of being voted at the AGM 325 426 164
Total number of shares capable of being voted at the AGM 1 066 961 167
Total number of issued shares 1 071 083 294
Total number of shares present/represented including proxies at the AGM 1 004 198 927
Number of ordinary shares present/represented at the AGM, including proxies 678 772 763
Number of B ordinary shares present/represented at the AGM, including proxies 325 426 164
Percentage of total issued shares represented at the AGM 94.12%
Percentage of total issued ordinary shares represented at the AGM 91.54%
Percentage of total issued B ordinary shares represented at the AGM 100.00%
Abbreviations: Ordinary shares (Ord)
B ordinary shares (B Ord)
Details of the results of voting at the AGM are as follows:
Shareholder Resolutions Votes cast disclosed as Votes cast disclosed as a Number of Shares voted Shares
a percentage of the percentage of the Ord and shares voted at the at the AGM abstained
total number of shares B Ord shares voted at the AGM AGM disclosed as a disclosed as a
voted at the AGM percentage of percentage of
the issued the issued share
share capital capital
% FOR % AGAINST % FOR % AGAINST NUMBER % %
Ordinary resolution number 1: 89.07 10.93 83.83 Ord 16.17 Ord 678 717 357 Ord 91.02 Ord 0.01 Ord
Reappointment of external 100.00 B Ord 0.00 B Ord 325 426 164 B Ord 100.00 B Ord 0.00 B Ord
auditors
Ordinary resolution number 2.1: 100.00 0.00 100.00 Ord 0.00 Ord 678 717 357 Ord 91.02 Ord 0.01 Ord
Election of Pooven Viranna as 100.00 B Ord 0.00 B Ord 325 426 164 B Ord 100.00 B Ord 0.00 B Ord
an independent non-executive
director
Ordinary resolution number 2.2: 76.51 23.49 65.24 Ord 34.76 Ord 677 949 564 Ord 90.92 Ord 0.11 Ord
Re-election of Aboubakar 100.00 B Ord 0.00 B Ord 325 426 164 B Ord 100.00 B Ord 0.00 B Ord
Jakoet as an independent non-
executive director
Ordinary resolution number 2.3: 81.70 18.30 72.93 Ord 27.07 Ord 678 717 357 Ord 91.02 Ord 0.01 Ord
Re-election of Audrey Mothupi- 100.00 B Ord 0.00 B Ord 325 426 164 B Ord 100.00 B Ord 0.00 B Ord
Palmstierna as an independent
non-executive director
Ordinary resolution number 2.4: 98.08 1.92 97.16 Ord 2.84 Ord 678 719 357 Ord 91.02 Ord 0.01 Ord
Re-election of Suzanne 100.00 B Ord 0.00 B Ord 325 426 164 B Ord 100.00 B Ord 0.00 B Ord
Ackerman as a non-executive
director
Ordinary resolution number 3.1: 75.73 24.27 64.09 Ord 35.91 Ord 678 717 357 Ord 91.02 Ord 0.01 Ord
Appointment of Aboubakar 100.00 B Ord 0.00 B Ord 325 426 164 B Ord 100.00 B Ord 0.00 B Ord
Jakoet as a member of the
Audit, Risk and Compliance
Committee
Ordinary resolution number 3.2: 98.80 1.20 98.23 Ord 1.77 Ord 678 717 357 Ord 91.02 Ord 0.01 Ord
Appointment of Haroon Bhorat 100.00 B Ord 0.00 B Ord 325 426 164 B Ord 100.00 B Ord 0.00 B Ord
as a member of the Audit, Risk
and Compliance Committee
Ordinary resolution number 3.3: 82.67 17.33 74.35 Ord 25.65 Ord 678 717 357 Ord 91.02 Ord 0.01 Ord
Appointment of Audrey 100.00 B Ord 0.00 B Ord 325 426 164 B Ord 100.00 B Ord 0.00 B Ord
Mothupi-Palmstierna as a
member of the Audit, Risk and
Compliance Committee
Ordinary resolution number 3.4: 99.41 0.59 99.12 Ord 0.88 Ord 678 717 357 Ord 91.02 Ord 0.01 Ord
Appointment of Pooven Viranna 100.00 B Ord 0.00 B Ord 325 426 164 B Ord 100.00 B Ord 0.00 B Ord
as a member of the Audit, Risk
and Compliance Committee
Ordinary resolution number 4.1: 98.12 1.88 97.22 Ord 2.78 Ord 678 719 357 Ord 91.02 Ord 0.01 Ord
Appointment of Suzanne 100.00 B Ord 0.00 B Ord 325 426 164 B Ord 100.00 B Ord 0.00 B Ord
Ackerman as a member of the
Social, Ethics and
Transformation Committee
Ordinary resolution number 4.2: 98.42 1.58 97.67 Ord 2.33 Ord 678 719 357 Ord 91.02 Ord 0.01 Ord
Appointment of Jonathan 100.00 B Ord 0.00 B Ord 325 426 164 B Ord 100.00 B Ord 0.00 B Ord
Ackerman as a member of the
Social, Ethics and
Transformation Committee
Ordinary resolution number 4.3: 99.56 0.44 99.35 Ord 0.65 Ord 678 717 357 Ord 91.02 Ord 0.01 Ord
Appointment of Haroon Bhorat 100.00 B Ord 0.00 B Ord 325 426 164 B Ord 100.00 B Ord 0.00 B Ord
as a member of the Social,
Ethics and Transformation
Committee
Ordinary resolution number 4.4: 99.40 0.60 99.11 Ord 0.89 Ord 678 717 357 Ord 91.02 Ord 0.01 Ord
Appointment of Annamarie van 100.00 B Ord 0.00 B Ord 325 426 164 B Ord 100.00 B Ord 0.00 B Ord
der Merwe as a member of the
Social, Ethics and
Transformation Committee
Advisory vote number 1: 75.14 24.86 61.80 Ord 38.20 Ord 606 429 510 Ord 81.33 Ord 9.70 Ord
Endorsement of the 100.00 B Ord 0.00 B Ord 325 426 164 B Ord 100.00 B Ord 0.00 B Ord
remuneration policy
Advisory vote number 2: 76.90 23.10 65.82 Ord 34.18 Ord 678 717 357Ord 91.02 Ord 0.01 Ord
Endorsement of the 100.00 B Ord 0.00 B Ord 325 426 164 B Ord 100.00 B Ord 0.00 B Ord
implementation of the
remuneration policy
Special resolution number 1: 98.62 1.38 97.96 Ord 2.04 Ord 678 717 357 Ord 91.02 Ord 0.01 Ord
Directors' fees for the 2026 and 100.00 B Ord 0.00 B Ord 325 426 164 B Ord 100.00 B Ord 0.00 B Ord
2027 annual financial periods
Special resolution number 2: 90.21 9.79 85.52 Ord 14.48 Ord 678 712 888 Ord 91.02 Ord 0.01 Ord
General approval to repurchase 100.00 B Ord 0.00 B Ord 325 426 164 B Ord 100.00 B Ord 0.00 B Ord
Company shares
By order of the Board
Cape Town
5 August 2025
Sponsor: RAND MERCHANT BANK (a division of FirstRand Bank Limited)
Date: 05-08-2025 02:29:00
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