Spanjaard Limited announced that at the AGM of the Company held on 8 August 2019, the controlling shareholder of the company, Spanjaard Group Limited, voted against a number of the resolutions proposed and these resolutions were therefore not approved. The resolutions not approved included inter alia the re-election as Directors of Messrs. DP van der Nest (Non-Executive Chairman), K Welgemoed (CEO) and I Saunders (Financial Director).

In addition, Mrs. S Hari, the Chairperson of the Audit Committee, tendered her resignation as a Non-Executive Director at the AGM. The Board of the Company therefore presently consists of Ms. TN Spanjaard (previously Stewart) and Messrs. G Cort and C Palmer, all of whom are Executive Directors.

The meeting also not approved to appoint Mrs. S Hari as a member and chairman of the audit committee and to appoint Prof. DP van der Nest as a member of the audit committee.