SBN Holdings shareholders approve resolutions at annual general meeting

SBN Holdings (JSE: SNO) announced the results of its Annual General Meeting held on April 29, 2025. All proposed resolutions were carried by a simple majority vote of shareholders, representing 490,039,818 shares (93.79% of the total issued shares). Key approvals included the adoption of the 2024 annual financial statements, and approval of the final dividend declared. Shareholders also approved the re-election of Mr. Isac Tjombonde, Ms. Silke Hornung, and Ms. Ashley Tjipitua as Independent Non-Executive Directors. The ratification of appointments for Mr. Zebra Karirondua Kasete and Mr. Andreas Kanime as independent non-executive directors also passed. Further resolutions approved included controls for unissued shares and the re-appointment of external auditors. The Board of Directors’ approved remuneration policy, Non-Executive Directors’ pay, and delegation of authority were also approved.