INTEGRATED ANNUAL REPORT FOR PHUTHUMA NATHI INVESTMENTS (RF) LIMITED

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NOTICE OF ANNUAL GENERAL MEETING (CONTINUED)
ORDINARY RESOLUTIONS
Each of the following ordinary resolutions
requires the support of a majority (more than
50%) of the votes exercised by shareholders
present or represented by proxy at this
meeting to be adopted.
1. The consideration and acceptance of
the annual financial statements of the
company for the twelve (12) months ended
31 March 2017 as well as the reports of
the directors, auditor and audit committee.
The summarised form of the annual
financial statements is included in this
integrated annual report.
A copy of the complete annual financial
statements of the company for the
preceding financial year can be obtained at
or at the
company’s registered office (details are
included on of this integrated
annual report).
2. After the board applied the solvency and
liquidity tests contemplated in the Act, in
terms of which it has concluded that PN
will satisfy such tests immediately after
completing the proposed distribution, the
board has authorised and proposes that
the following dividend be declared:
Ò an ordinary dividend of 1 925,93 cents
per ordinary share.
3. To reappoint, on the recommendation of
the company’s audit committee,
PricewaterhouseCoopers Inc. as
independent registered auditor of the
company (noting that Ms S N Madikane is
the individual registered auditor of that
firm who will undertake the audit) for the
period until the next AGM of the company.
4. To elect Ms C P Mack, who retires by
rotation and, being eligible, offers herself
for re-election as a director of the
company. Her brief biographical details are
included in this integrated annual report.
The board unanimously recommends that
the re-election of the director in terms of
resolution number 4 be approved by the
shareholders of the company.
5. To appoint the audit committee members
as required in terms of the Act and
recommended by the King Code on
Corporate Governance for South Africa
2009 (King III) (chapter 3).
The board is satisfied that the company’s
audit committee members are suitably
skilled and experienced independent
non-executive directors. Collectively they
have sufficient qualifications and
experience to fulfil their duties. They have
a comprehensive understanding of
financial reporting, internal financial
controls, risk management and governance
processes in the company, as well as
International Financial Reporting Standards
(IFRS) and other regulations and guidelines
applicable to the company. They keep up to
date with developments affecting their
required skills set.
The board therefore unanimously
recommends Messrs M Langa,
P O Goldhawk and Ms C P Mack for
appointment to the audit committee. Their
brief biographical details are included in
this integrated annual report.
6. Each of the directors of the company is
hereby authorised to do all things, perform
all acts and sign all documentation
necessary to effect the implementation of
the ordinary resolutions adopted at this
AGM.
OTHER BUSINESS
To transact such other business as may be
transacted at an annual general meeting.
By order of the board
C C Koopman
Company secretary
28 July 2017
SHAREHOLDER INFORMATION (CONTINUED)
w 100 Phuthuma Nathi Investments (RF) Limited / Integrated annual report 2017