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BLUE LABEL
INTEGRATED ANNUAL REPORT 2017
Directors’
report
continued
The aggregate interest of the current Directors in the capital of the Company was as follows:
Number of shares
Director/officer
2017
2016
Beneficial
176 905 720
176 255 914
The beneficial interest held by Directors and officers of the Company constitutes 26.48% (2016: 26.46%) of the issued share
capital of the Company.
Post year-end and prior to the approval of the annual financial statements, JS Mthimunye has increased his indirect beneficial
interest by 20 000 shares and his direct beneficial interest by 15 000 shares.
Details of Directors’ emoluments and equity compensation benefits are set out in note 5.3 of the Group annual financial
statements and details of the forfeitable share plan are set out in note 5.2.
Resolutions
On 8 December 2016 the Company passed and filed with the Companies and Intellectual Property Commission the following
special resolutions:
t
approving the remuneration of non-executive directors;
t
granting a general authority to repurchase the Company’s shares;
t
granting financial assistance in terms of section 44 and 45 of the Act; and
t
approving fraction of shares amendment of memorandum of incorporation.
Except for the aforementioned, no other special resolutions, the nature of which might be significant to shareholders in their
appreciation of the state of affairs of the Group, were passed by the Company or its subsidiaries during the period covered at
the date of signing these Group and Company annual financial statements.
Company Secretary
The Board is satisfied that Ms J van Eden has the requisite knowledge and experience to carry out the duties of a company
secretary of a public company in accordance with section 88 of the Act and is not disqualified to act as such. She is not a
director of the Board and maintains an arm’s-length relationship with the Board.
The business and postal address of the Company Secretary appear on the Company’s website at
www.bluelabeltelecoms.co.za.
American depository receipt facility
Blue Label Telecoms has a sponsored American depository receipt facility. The facility is sponsored by BNY Mellon and
details of the administrators are reflected on the Company’s website.
Auditors
PricewaterhouseCoopers Inc. will continue in office in accordance with section 90(6) of the Companies Act.
Larry Nestadt
Chairman