Absa Group successfully passes all resolutions at AGM

Absa Group Limited (JSE: ABG) announced the successful passing of all resolutions at its Annual General Meeting (AGM) held on June 3, 2025. The meeting saw a significant 64.91% of votable shares represented, totaling 580,498,601 out of a total issued share capital of 894,376,907. Key resolutions included the re-appointment of KPMG Inc. and PricewaterhouseCoopers Inc. as external auditors, alongside the re-election of several directors including Alpheus Mangale and Fulvio Tonelli. A notable 88.50% and 89.54% of votes were in favour of the non-binding advisory votes for the endorsement of remuneration policy and endorsement of the implementation report respectively. Special resolutions approved included the approval of non-executive directors' remuneration and general authority to the directors to approve the repurchase of the company's ordinary shares. Ordinary Resolution number 5.6 regarding the reappointment of René van Wyk to the Group Audit and Compliance Committee was withdrawn. The AGM results indicate strong shareholder support for the Group's strategic direction and governance.