19 February 2019 03:50:28 PM

Feedback following Sanlam's 20th AGM

- 2018-06-29 11:54:16 AM

Sanlam Limited has released its feedback on engagement with shareholders following the Annual General Meeting held on Wednesday 6th June 2018. 

Further to the announcement released on the Stock Exchange News Service of the JSE on Friday, 08 June 2018 relating to Sanlam?s invitation to shareholders to engage
with the Company on the 2017 remuneration implementation report, shareholders were given until Wednesday, 13 June 2018 to furnish Sanlam with their dissenting
concerns/queries in connection thereof. Shareholders are advised that:

1. Sanlam did not receive any concerns/queries from dissenting shareholders following the aforementioned invitation.

2. With regards to shareholders that may have acted on the recommendation of ISS (Institutional Shareholder Services) to vote against the Company's 2017 remuneration implementation report, Sanlam has obtained a copy of the report issued by ISS setting out the concerns and engaged directly with them regarding these concerns.

3. Management will make recommendations to the Sanlam Group Human Resources and Remuneration Committee (Sanlam GHRRC) to be considered at its next Sanlam GHRRC meeting. Sanlam will also disclose in its 2018 remuneration report the nature and steps taken to address concerns raised by the ISS.