Announcement of the results of voting at the Extraordinary General Meeting of shareholders of First Mutual Holdings Limited held on 5 October 2020
Shareholders are advised that all resolutions put to the vote at the Extraordinary General Meeting of the Company held on 5 October 2020 were passed with the requisite majorities, as tabulated below.
| Resolution | Results | |
| 1 | ORDINARY RESOLUTION 1 – APPROVAL OF THE TRANSACTION
“THAT the Transaction as outlined in the Circular to Shareholders dated Monday the 14th of September 2020, resulting in the subscription by Aleyo Growth Fund I Partnership, for a 29.1% shareholding in First Mutual Reinsurance Holdings (Proprietary) Limited for BWP 61 million, which sum shall capitalise FMRE Property & Casualty (Proprietary) Limited and First Mutual Reinsurance Company Limited, be and is hereby approved. |
Approved |
| 2 | ORDINARY RESOLUTION 2 – AUTHORISATION OF DIRECTORS
“THAT directors of the company be and are hereby authorised to exercise all powers to give effect to the Transaction.” |
Approved |
BY ORDER OF THE BOARD
S F Lorimer (Mrs)
Company Secretary
