LABAT AFRICA LIMITED - Results of Annual General Meeting ("AGM")

Results of Annual General Meeting ("AGM")

LABAT AFRICA LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1986/001616/06)
(“Labat” or “the Company”)
ISIN Code: ZAE 000018354 Share code: LAB


RESULTS OF ANNUAL GENERAL MEETING (“AGM”)


Further to the announcement released on SENS on 12 December 2017, shareholders are advised that at the
AGM of Labat held on 15 May 2018, convened in terms of the notice of AGM contained in the Annual Report,
the voting information is as follows:

Number of ordinary shares represented at the meeting                                          109 098 910
Total issued number of ordinary shares                                                        262 088 922
Percentage of ordinary shares represented at the meeting                                           41.63%

The resolutions proposed at the annual general meeting, together with the percentage of votes carried for
and against each resolution, are set out below:

                                                                     
                                                             Number of votes         Abstain   Total Votes
                                                         For         Against    (% of issued    (excluding
                                                           %               %  share capital)  abstentions)
 
 Ordinary Resolution Number 1 –                  108 988 910          50 000          60 000   109 038 910
 Approval of Financial Statements                   (99.95%)         (0.05%)         (0.05%)     (100.00%)

 Ordinary Resolution Number 2 –                  108 986 910          52 000          60 000   109 038 910
 Director appointment - Mr R Mohamed                (99.95%)         (0.05%)         (0.05%)     (100.00%)

 Ordinary Resolution Number 3 –                  108 986 910          52 000          60 000   109 038 910
 Director appointment – Ms. BA Penny                (99.95%)         (0.05%)         (0.05%)     (100.00%)

 Ordinary Resolution Number 4 –                  108 986 910          52 000          60 000   109 038 910
 Director retirement and re-election – Ms.          (99.95%)         (0.05%)         (0.05%)     (100.00%)
 RM Majiedt

 Ordinary Resolution Number 5 –                  108 907 104         131 806          60 000   109 038 910
 Re-appointment and remuneration of                 (99.88%)         (0.12%)         (0.05%)     (100.00%)
 auditors

 Ordinary Resolution Number 6 –                  108 986 910          52 000          60 000   109 038 910
 Appointment of Audit Committee                     (99.95%)         (0.05%)         (0.05%)     (100.00%)
 member – Mr R Mohamed

 Ordinary Resolution Number 7 –                  108 986 910          52 000          60 000   109 038 910
 Appointment of Audit Committee                     (99.95%)         (0.05%)         (0.05%)     (100.00%)
 member – Ms BA Penny
 
 Ordinary resolution Number 8 -                  108 986 910          52 000          60 000   109 038 910
 Re-appointment of Audit Committee                  (99.95%)         (0.05%)         (0.05%)     (100.00%)
 member – Ms RM Majiedt
 
 Ordinary Resolution Number 9 –                  108 907 104         131 806          60 000   109 038 910
 Endorsement of Labat’s Remuneration                (99.88%)         (0.12%)         (0.05%)     (100.00%)
 Policy
 
 Ordinary Resolution Number 10 –                 108 907 104         131 806          60 000   109 038 910
 Endorsement of the implementation of               (99.88%)         (0.12%)         (0.05%)     (100.00%)
 Labat’s Remuneration Policy

 Ordinary Resolution Number 11 –                 108 588 910         450 000          60 000   109 038 910
 General authority to allot and issue               (99.59%)         (0.41%)         (0.05%)     (100.00%)
 shares for cash

 Special resolution number 1 – Authority to      108 507 104         131 806         460 000   108 638 910
 issue shares that may exceed 30% of the            (99.88%)         (0.12%)         (0.42%)     (100.00%)
 voting power of the current issued share
 capital

 Special resolution Number 2 – Non-              108 986 910          52 000          60 000   109 038 910
 Executive Director’s Remuneration                  (99.95%)         (0.05%)         (0.05%)     (100.00%)

 Special Resolution Number 3 – Approval          108 986 910          52 000          60 000   109 038 910
 of Once-off payment to Non-Executive               (99.95%)         (0.05%)         (0.05%)     (100.00%)
 Directors
 
 Special resolution Number 4 – General           108 588 910          50 000         460 000   108 638 910
 authority to enter into funding                    (99.95%)         (0.05%)         (0.05%)     (100.00%)
 agreements, provide loans or other
 financial assistance
 
 Special resolution Number 5 – General           108 988 910          50 000          60 000   109 038 910
 authority to repurchase the Company’s              (99.95%)         (0.05%)         (0.05%)     (100.00%)
 securities

By order of the board.

Johannesburg
17 May 2018

Sponsor
Arbor Capital Sponsors Proprietary Limited

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