Deneb Investments shareholders back all AGM resolutions with strong approval

Deneb Investments Limited (Deneb) announced that all resolutions proposed at its Annual General Meeting (AGM) on Monday, 25 August 2025, were passed by the requisite majorities of the company's shareholders. The meeting, held in Cape Town, saw significant shareholder participation, with 87.24% of shares in issue being voted on most resolutions.

Key ordinary resolutions, including the re-election of directors Mr. J A Copelyn, Ms. K F Mahloma, and Mr. Y Shaik, received 100.00% approval of votes cast. The re-appointment of BDO as the auditor and the re-appointment of audit committee members (Mr. M H Ahmed, Ms. N B Jappie, Ms. K F Mahloma) also passed with 100.00% approval. Shareholder approval for the general authority over authorised but unissued shares and general authority for the directors to implement company resolutions garnered 99.80% and 100.00% approval respectively.

Furthermore, all non-binding advisory votes for the endorsement of the remuneration policy and its implementation report received 100.00% approval. Special resolutions also passed with high approval rates: the approval of annual fees for non-executive directors achieved 100.00%, the general authority to repurchase company shares received 99.99%, and the shareholders' general authorisation of financial assistance passed with 100.00% of votes cast. The total number of shares in issue at the AGM date was 443,667,372.