Annual General Meetings
The Annual General Meetings of Mondi Limited and Mondi plc were both held on 14 May 2014. As required by the dual listed company structure, all resolutions were treated as Joint Electorate Actions and were decided on a poll. All resolutions at both meetings were passed. The voting results of the Joint Electorate Actions are identical and are attached below. Overall in excess of 74% of the total Group shares were voted.
We note that the percentages of votes in favour of resolutions 20, 21, 22, 30 and 31 were particularly low compared to the other resolutions. These resolutions relate mainly to the authority to be given to directors to allot shares. We are aware that South African shareholders have particular concerns about these types of resolution which we understand are not specific to Mondi and they routinely vote against such resolutions as a matter of policy.
Copies of the Mondi Group Integrated report and financial statements 2013 and Mondi Limited’s 2013 statutory accounts can be viewed using the following links: