Chamwe Kaira
FirstRand Namibia Limited shareholders have approved all ordinary resolutions presented at the company’s Annual General Meeting (AGM) held on Friday, 17 October.
The company said the meeting, which covered governance and financial matters, recorded a voting participation of 85.87% of issued shares, with most resolutions receiving unanimous support.
Shareholders approved the Annual Financial Statements for the year ended 30 June 2025 and confirmed declared dividends.
They also reaffirmed the appointments of independent non-executive directors Otto Shikongo and Emile van Zyl, while formally accepting the resignation of non-executive director I-Ben Nashandi.
Samantha Balsdon was confirmed as a new non-executive director, while audit committee members Markus Lubbe, Libertha Kapere and Jan Coetzee were reappointed.
The reappointment of external auditors was approved, subject to the Bank of Namibia’s consent under regulatory requirements.
Shareholders also endorsed the company’s reward philosophy and principles policy.
The only resolution that drew dissenting votes was the non-executive director remuneration proposal, which received 77.51% support, 3.84% against, and 4.52% abstentions.
In related Namibia Stock Exchange (NSX) news, Capricorn Group Limited disclosed that two of its directors and a director of its subsidiary, Bank Windhoek Limited, sold shares in line with the NSX Listing Requirements.
Capricorn Group director Johan Maass sold 65,190 ordinary shares in an off-market transaction on 20 October 2025 at N$23.02 per share, valued at N$1.5 million.
Clearance for the transaction was obtained before the sale.
On the same date, Bank Windhoek director Marthinus Johannes Prinsloo sold 200,000 ordinary shares at N$23.02 per share, amounting to N$4.6 million.
This transaction was also off-market and pre-approved.
The total value of shares traded by the two directors exceeds N$6.1 million.
The disclosures were made by order of the Capricorn Group Board on 17 October 2025, with PSG Wealth Management (Namibia) (Pty) Ltd, a member of the Namibia Stock Exchange, acting as sponsor.
Caption
I-Ben Nashandi’s resignation as non-executive director was formally accepted at the FirstRand Namibia AGM.
- Photo: Contributed.
