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BLUE LABEL INTEGRATED ANNUAL REPORT 2015
NOTICE OF ANNUAL GENERAL MEETING
CONTINUED
EXPLANATORY NOTES
Presentation of the annual financial statements
In terms of section 61(8)(a) of the Act, the Directors’ report, audited Group and Company annual financial
statements for the immediately preceding financial year and the Audit, Risk and compliance Committee report
is to be presented to shareholders at the AGM.
Ordinary resolution numbers 1 to 4 (inclusive): Election and re-election of Directors
The Company’s Memorandum of Incorporation states that, any person appointed to fill a casual vacancy or as
an addition to the Board shall retain office only until the following AGM of the Company and shall then retire
and be eligible for election. Mr Y Mahomed retires from the Board in accordance with article 25.5 of the
Company’s Memorandum of Incorporation.
In accordance with the Memorandum of Incorporation, one-third of the Directors is required to retire at each
AGM and may offer themselves for re-election. Messrs GD Harlow, SJ Vilakazi and KM Ellerine retire by rotation
at the AGM in accordance with article 25.17 of the Memorandum of Incorporation, and have offered
themselves for re-election. Brief biographies of Directors are on pages 20 and 21 of this integrated
annual report.
The Board is satisfied with the performance of each of the Directors standing for election and re-election as
appropriate and that they will continue to make an effective and valuable contribution to the Company and
to the Board.
The Board recommends to shareholders that they should vote in favour of the re-election of the Directors
referred to in ordinary resolution numbers 1 to 4 (inclusive).
Ordinary resolution number 5: Reappointment of external auditors
In terms of section 90(1) of the Act, each year at its AGM, the Company must appoint an auditor meeting the
requirements of section 90(2) of the Act.
PwC has expressed its willingness to continue in office and this resolution proposes the reappointment of PwC
as the Company’s auditors until its next AGM. In addition, Mr D Storm is appointed as the individual registered
auditor for the ensuing year as contemplated in section 90(3) of the Act.
The Audit, Risk and Compliance Committee has satisfied itself that the proposed auditors, PwC and
Mr D Storm, are independent of the Company in accordance with sections 90 and 94 of the Act and the
applicable rules of the International Federation of Accountants.
The Audit, Risk and Compliance Committee has recommended the reappointment of PwC as independent
registered auditor of Blue Label for the 2016 financial year.