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African Oxygen Limited - Results Of Annual General Meeting

Release Date: 28/05/2015 14:25:00      Code(s): AFX     
AFRICAN OXYGEN LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1927/000089/06)
JSE code: AFX
NSX code: AOX
ISIN: ZAE000067120
(?Afrox? or the ?Company?)

RESULTS OF ANNUAL GENERAL MEETING

                                                               
Afrox shareholders (?Shareholders?) are advised that at the 86th annual general meeting (?AGM?) of
Shareholders held on Thursday, 28 May 2015, all the ordinary and special resolutions, as set out in
the notice of AGM dated 13 April 2015, were approved by the requisite majority of Shareholders
present or represented by proxy.

The total number of Afrox shares eligible to vote at the AGM is 342 852 910. The number of shares
voted in person or by proxy was 269 767 126 representing 78.68% of the total issued share capital of
the same class of Afrox.

All resolutions proposed at the AGM, together with the percentage of shares abstained, as well as the
percentage of votes carried for and against each resolution, are as follows:

Ordinary resolution number 1: Adoption of Annual Financial Statements

Shares Voted              Abstained                For                       Against

269 767 126               0.00%                    100.00%                   0.00%
(78.68%)



Ordinary resolution number 2: Confirmation or re-election of directors

Ordinary Resolution number 2.1: Confirmation of the appointment of NV Lila Qangule as a director
of the Company

Shares Voted              Abstained                For                       Against

269 767 126                0.00%                   100.00%                   0.00%
(78.68%)


Ordinary resolution number 2.2: Confirmation of the appointment of GJ Strauss as a director of the
Company

Shares Voted              Abstained                For                       Against

269 767 126                0.00%                   100.00%                   0.00%
(78.68%)

Ordinary resolution number 2.3: Re-election of CF Wells as a director of the Company

Shares Voted            Abstained                For                      Against

269 767 126              0.00%                   99.56%                   0.44%
(78.68%)


Ordinary resolution number 2.4: Re-election of MS Huggon as a director of the Company

Shares Voted            Abstained                For                      Against

269 767 126             0.00%                    100.00%                  0.00%
(78.68%)


Ordinary resolution number 2.5: Confirmation of the appointment of SM Venter as a director of the
Company

Shares Voted            Abstained                For                      Against

269 767 126              0.00%                   100.00%                  0.00%
(78.68%)



Ordinary resolution number 3: Re-appointment of KPMG Inc. as independent auditors of the
Company

Shares Voted            Abstained                For                      Against

269 767 126              0.00%                   100.00%                  0.00%
(78.68%)



Ordinary resolution number 4: Appointment of Audit Committee members

Ordinary resolution number 4.1: Election of CF Wells as a member of the Audit Committee

Shares Voted            Abstained                For                      Against

269 767 126              0.00%                   99.56%                   0.44%
(78.68%)


Ordinary resolution number 4.2: Election of NV Lila Qangule as a member of the Audit Committee

Shares Voted            Abstained                For                      Against

269 767 126             0.00%                    100.00%                  0.00%
(78.68%)

Ordinary resolution number 4.3: Election of GJ Strauss as a member of the Audit Committee

Shares Voted              Abstained                 For                       Against

269 767 126                0.00%                    100.00%                   0.00%
(78.68%)


Ordinary resolution number 5: Non-binding vote on the approval of the remuneration policy

Shares Voted              Abstained                 For                       Against

269 765 626               0.00044%                  92.26%                    7.74%
(78.68%)


Special resolution number 1: Remuneration of independent non-executive directors? fees

Shares Voted              Abstained                 For                       Against

269 767 126               0.00%                     100.00%                   0.00%
(78.68%)


Special resolution number 2: General authority to repurchase shares

Shares Voted              Abstained                 For                       Against

269 765 518               0.00047%                  97.97%                    2.03%
(78.68%)



Special resolution number 3: General authority to provide financial assistance to related or
inter-related companies

Shares Voted              Abstained                 For                       Against

269 767 018               0.00003%                  100.00%                   0.00%
(78.68%)


Special resolution number 4: Authority to provide financial assistance in connection with the
purchase of the Company?s securities on the market

Shares Voted              Abstained                 For                       Against

264 296 233               1.59570%                  92.37%                    7.63%
(77.09%)

Notes
   -    Percentages of shares voted are calculated in relation to the total issued share capital of
        Afrox eligible to vote.
   -    Percentage of shares for and against are calculated in relation to the total number of shares
        voted at the AGM.
   -    Abstentions are calculated as a percentage in relation to the total issued share capital of
        Afrox eligible to vote.


Johannesburg
28 May 2015

Sponsor
One Capital

Date: 28/05/2015 02:25:00 Supplied by www.sharenet.co.za                     
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