AFE - AECI Limited - Report On Proceedings At Annual General Meeting
Incorporated in the Republic of South Africa
(Registration No. 1924/002590/06)
Share code: AFE & ISIN No. ZAE000000220
("AECI" or "the Company")
REPORT ON PROCEEDINGS AT ANNUAL GENERAL MEETING
The Board of directors advises that, at the annual general meeting of
shareholders held at the registered office of the Company today, all the
ordinary resolutions as set out in the notice of annual general meeting
contained in the Company`s 2007 annual financial statements were duly passed by
the requisite majority votes, save for Ordinary Resolution No. 6 which was
withdrawn by the Chairman at the commencement of the meeting. This Ordinary
Resolution is no longer relevant, since the Company has purchased call options
over AECI ordinary shares which will obviate the need for the Company to issue
new shares in terms of the AECI share option scheme.
The special resolution granting a general mandate to the directors to conduct
share buy-backs at the appropriate time and within prescribed limits was
similarly adopted, and will be sent to CIPRO for registration.
By order of the Board
26 May 2008
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 26/05/2008 10:59:01 Supplied by www.sharenet.co.za
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