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Motus, ZAE000261913

Motus stock in focus after AGM approves all resolutions

Published on 11/05/2026 at 00:05 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Motus stock is in focus after shareholders approved all resolutions at the annual meeting. Tertius Carstens will join the board in January.

Motus updates investors after AGM

  • Shareholders approved all resolutions at the November 2 annual general meeting.
  • Chief Executive Ockert Janse van Rensburg gave an update on the first three months of fiscal 2027.
  • Tertius Carstens will join the board as an independent non-executive director from January 1, 2027.
Motus, ZAE000261913, Illustration mit AI erstellt.
Motus, ZAE000261913, Illustration mit AI erstellt.

Motus shareholders approved all resolutions at the companys annual general meeting on Monday, November 2, 2026, while Chief Executive Ockert Janse van Rensburg presented an update on the first three months of fiscal 2027. The announcement was published by Sharenet from the JSE SENS service.

AGM clears proposed resolutions

The meeting approved the resolutions set out in the notice, including the re-election of directors, the appointment of committee members and the reappointment of PricewaterhouseCoopers as auditor. Shareholders also backed authorities covering share issuance, the remuneration policy, the remuneration report, share repurchases and financial assistance to related group entities.

Voting participation reached 135,461,486 shares, equal to 77.16 percent of the issued share capital of the relevant class. The company said the chief executives presentation covered performance during the first three months of fiscal 2027, with detailed material made available through its investor-relations website.

Board change takes effect in January

Tertius Carstens will become an independent non-executive director on January 1, 2027. He will also join Motus committees covering social, ethics and sustainability as well as assets and liabilities. Carstens previously led Pioneer Foods from 2017 to 2023 and has held non-executive roles at Libstar Holdings and Buttanutt.

Automotive group spans several markets

Motus is a South African automotive group headquartered in Bedfordview. Its operations cover vehicle import and distribution, new and used vehicle retail, rental services, vehicle-related financial products, fleet services and aftermarket parts across South Africa, the United Kingdom, Australia and selected Southern African markets. The group competes with operators such as CFAO Mobility South Africa, Super Group Dealerships and Combined Motor Holdings, with Motus positioned as a broad, multi-market platform rather than a single-brand dealer.

Motus Holdings at a glance

  • Company: Motus Holdings Limited
  • ISIN: ZAE000261913
  • Primary exchange: Johannesburg Stock Exchange
  • Sector: Consumer Cyclical
  • Industry: Auto Dealerships
  • Headquarters: Bedfordview, South Africa

Investors can follow broader South African market developments in Current market reports.

More company developments are available in More news and analyses on Motus stock.

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en | ZAE000261913 | MOTUS | boerse | 70459977 |