Blu Label Unlimited Group (BLU) AGM 2024 summary

Opening remarks and agenda

• Meeting declared properly constituted with a quorum present and all board committee chairpersons and executives in attendance.

• Notice of meeting and approval of previous AGM minutes confirmed; voting to proceed electronically by poll.

Board and executive committee updates

• Reelection of three directors proposed, with CVs included in the notice; all are eligible and offer themselves for reelection.

• Audit committee appointments proposed, including a new chairman, with recommendations from the nomination committee.

Corporate governance

• Board diversity discussed, with over 60% Black representation achieved and recent appointments of Black women; ongoing efforts at management levels with targeted recruitment and leadership development.

• Governance and risk management improvements at Cell C post-recapitalization include board restructuring, new CEO and Exco, and oversight of related party transactions.