PICK N PAY STORES LIMITED - Report on proceedings at the 2026 Annual General Meeting and CFO transition

What this filing means

Pick n Pay's 58th AGM passed all ordinary and special resolutions with strong support ranging from roughly 76% to 100%, including election of new directors and approval of a B-share repurchase. The CFO transition completed as planned: Lerena Olivier retired after the AGM and Tina Rookledge, who joined the group in February 2026, took over. Separately, the board waived a 4% non-executive director fee increase that shareholders had approved at the same meeting, leaving fees flat. The share had sold off into the print, but the voting outcomes and leadership change contain no surprises — the succession was already flagged, and the fee waiver was a board decision already in effect. This is a routine governance disclosure with no new economic signal.

This is a procedural filing: Pick n Pay held its annual meeting, all the votes went the way they were expected to, and the CFO change that had been in train since February is now confirmed. The board also decided not to take a pay rise it had already been approved for. None of this is new information the market did not already have, so it is not a reason to change your view on the business.