PPC shareholders approve all resolutions; board member retires

PPC shareholders approved all ordinary and special resolutions at the annual general meeting held on September 3, 2025. A total of 1,155,629,599 shares, representing 78.74% of the total votable shares, were present or represented by proxy. Ordinary Resolution 4, regarding the appointment of PriceWaterhouseCoopers Inc (PwC) as the external auditor, passed with 100.00% of votes for, while Ordinary Resolution 5.1 concerning the non-binding advisory vote on the remuneration policy saw 88.42% for and 11.58% against.

Several special resolutions, including those for financial assistance and director remuneration, also passed with strong majorities, generally exceeding 96% approval. For example, Special Resolution 1.1 for financial assistance under Section 44 received 99.34% approval.

In a separate development, Mr. CH Naude retired as a non-executive director, chairman of the investment committee, and a member of the reward and talent committee, effective September 3, 2025. Mr. Naude chose not to stand for re-election at the AGM. The board expressed its gratitude for his contributions to PPC.