AFE - AECI Limited - Report on proceedings at annual general meeting and
retirement of non-executive chairman
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 AND RETIREMENT OF NON-EXECUTIVE
The Board of Directors advises that, at the Annual General Meeting of
shareholders ("the Meeting") held at the registered office of the Company today,
all the ordinary and special resolutions as set out in the Notice of Annual
General Meeting mailed to shareholders on 9 May 2011 were duly passed by the
requisite majority of votes, save for Ordinary Resolution No. 7 which was
withdrawn by the Chairman at the commencement of the Meeting.
The special resolutions will be sent to the Companies and Intellectual Property
Commission for registration.
At the Meeting, Mr Fani Titi, Non-Executive Chairman of the Company, advised
shareholders that he will retire from this position at the Annual General
Meeting to be held in May 2012. He will retire as a Non-Executive Director of
AECI at the same time.
The process for appointing a successor as Non-Executive Chairman has commenced
and further announcements in this regard will be made in due course.
By order of the Board
Acting Company Secretary
31 May 2011
Sponsor: RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 31/05/2011 12:00:01 Supplied by www.sharenet.co.za
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