RAND MERCHANT INVESTMENT HOLDINGS LIMITED - Results of the Ordinary Resolution passed by shareholders of the Company in terms of Section 60 of the Companies Act

Results of the Ordinary Resolution passed by shareholders of the Company in terms of Section 60 of the Companies Act

RAND MERCHANT INVESTMENT HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 2010/005770/06)
JSE ordinary share code: RMI
ISIN: ZAE000210688
(“RMI” or the "Company")


RESULTS OF THE ORDINARY RESOLUTION PASSED BY SHAREHOLDERS OF THE
COMPANY IN TERMS OF SECTION 60 OF THE COMPANIES ACT, 71 OF 2008 (the "Act")


Shareholders of the Company (the "RMI Shareholders") are referred to the announcement released
on SENS on Tuesday, 19 September, 2017 relating to the (i) approval of the capitalisation, upon the
recommendation of the board of directors of the Company (the “Directors”), of up to
R978 697 424.90 (being an amount standing to the credit of the Company's distributable reserves)
(the "Capitalised Amount"); (ii) granting of authorisation for the Directors to allot and issue (and to
apply the Capitalised Amount to any issuance of the Capitalisation Shares, as defined below) up to
a maximum of 25 755 195 RMI ordinary shares of R0.0001 cents each (“RMI Shares”) (fully paid up
and having an aggregate notional issue price of up to the Capitalised Amount) as capitalisation
shares (the "Capitalisation Shares") to RMI Shareholders; and (iii) approval of the issue of such
number of ordinary shares (the "Reinvestment Shares") as the Directors in their discretion may
determine in terms of any reinvestment option provided to RMI Shareholders
(the "Reinvestment Option") in relation to or in connection with the cash dividend (as declared),
provided that the number of RMI Shares authorised to be issued as Capitalisation Shares and/or
Reinvestment Shares shall not in aggregate exceed 25 755 195 RMI Shares (together, "Ordinary
Resolution"), which Ordinary Resolution is to be voted on in terms of section 60 of the Act.

The RMI Shareholders are advised that the Ordinary Resolution has been supported by sufficient
RMI Shareholders entitled to exercise voting rights in relation to the Ordinary Resolution and has
consequently been adopted in terms of section 60(2) of the Act.

The voting results, as at the date hereof, are as follows:


                      Percentage of RMI                 For %            Against%           Abstained%
                          Shares voted         (relative to the     (relative to the     (relative to the
    Number of RMI        relative to RMI       number of RMI        number of RMI         RMI Shares in
     Shares Voted       Shares in issue*        Shares voted)        Shares voted)                issue)*
        786 176 402                52.2%               100.0%                      -                    -


*Expressed as a percentage of 1 505 688 346 RMI Shares in issue as at Friday, 8 September, being
the Voting Record Date



The Company will deliver a statement in accordance with section 60(4) of the Act to the RMI
Shareholders in due course.
                                                             
Johannesburg
19 September 2017

Corporate broker, financial adviser and transaction sponsor
Deutsche Securities (SA) Proprietary Limited

Legal advisers
Webber Wentzel

Date: 19/09/2017 08:54:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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