AFRICAN PHOENIX INVESTMENTS LIMITED - Results of Annual General Meeting

Results of Annual General Meeting

AFRICAN PHOENIX INVESTMENTS LIMITED
Incorporated in the Republic of South Africa
(Registration number 1946/021193/06)
Ordinary share code: AXL ISIN: ZAE000221370
Hybrid instrument code: AXLP ISIN: ZAE000221388
(“Phoenix” or “the Company”)

RESULTS OF ANNUAL GENERAL MEETING

Shareholders are advised that, at the Annual General Meeting of Phoenix held today, all the resolutions
as set out in the revised notice of Annual General Meeting and voted on were passed by the requisite
majority of shareholders.

The number of ordinary shares voted in person or by proxy was 1 036 041 291, representing 72.60% of
the total issued share capital of the same class of Phoenix shares.

The resolutions proposed at the Annual General Meeting, together with the percentage of shares
abstained, as well as the percentage of votes carried for and against each resolution, are set out below:

                                                                % of votes
                                                                carried for      % of votes
                                                                       the      against the   % of shares
 Resolution                                                     resolution       resolution     abstained
 
 Ordinary resolution number 1: Appointment of external
 auditors                                                           99.99%            0.01%         0.07%
 
 Ordinary resolution number 2: Appointment and re-
 election of directors                                                  -              -               -
 
 Ordinary resolution number 2.1: Appointment of
 Ms Nonzukiso Siyotula as an independent non-executive
 director                                                           99.99%          0.01%           0.07%
 
 Ordinary resolution number 2.2: Appointment of
 Mr Samuel Sithole as a non-executive director                      99.95%          0.05%           0.07%
 
 Ordinary resolution number 2.3: Appointment of
 Mr Oyama Mabandla as an independent non-executive
 director                                                           99.99%          0.01%           0.07%
 
 Ordinary resolution number 2.4: Appointment of
 Ms Reshma Mathura as an independent non-executive
 director                                                           99.99%          0.01%           0.05%
 
 Ordinary resolution number 2.5: Appointment of
 Ms Mahlatse Kabi as an independent non-executive
 director                                                           99.99%          0.01%           0.07%
 
 Ordinary resolution number 2.6: Appointment of
 Mr Siyabonga Nhlumayo as an executive director                     99.99%          0.01%           0.07%
 
 Ordinary resolution number 2.7: Appointment of
 Mr Shafiek Rawoot as an executive director                         99.96%          0.04%           0.05%
 
 
 Ordinary resolution number 3: Appointment of the
 Chairperson and members of the Audit and Risk
 Committee                                                              -              -               -
 
 Ordinary resolution number 3.1: Appointment of
 Ms Reshma Mathura as a member and chairperson of the
 Audit and Risk Committee                                           99.99%          0.01%           0.05%
 
 
 Ordinary resolution number 3.2: Appointment of
 Ms Nonzukiso Siyotula as a member of the Audit and
  Risk Committee                                                    99.99%          0.01%           0.07%

 Ordinary resolution number 3.3: Appointment of
 Ms Mahlatse Kabi as a member of the Audit and Risk
 Committee                                                          99.99%          0.01%           0.07%

 Ordinary resolution number 3.4: Appointment of
 Ms Alethea Conrad as a member of the Audit and Risk
 Committee                                                          99.99%          0.01%           0.07%

 Ordinary resolution number 4: Advisory endorsement
 of remuneration policy and implementation report                       -              -               -

 Ordinary resolution number 4.1: Endorsement of the
 remuneration policy                                                78.08%         21.92%           0.09%

 Ordinary resolution number 4.2: Endorsement of the
 remuneration implementation report                                78.20%          21.80%           0.09%
 
                                                        
 Ordinary resolution number 5: Signature of documents              99.99%           0.01%           0.07%
 
 Special resolution number 1: Approval of the non-
 executive directors’ remuneration                                 99.97%           0.03%           0.08%
 
 Special resolution number 2: Financial assistance to
 related or inter-related companies or undertakings                99.97%           0.03%           0.08%
 
 Special resolution number 3: General approval to
 acquire ordinary shares                                           99.09%           0.91%           0.08%
  


Johannesburg
17 October 2018

Sponsor
Merchantec Capital

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