CAPITAL APPRECIATION LIMITED - Results of the Annual General Meeting of Capital Appreciation Limited held on 6 September 2023

Results of the Annual General Meeting of Capital Appreciation Limited held on 6 September 2023

Capital Appreciation Limited
Incorporated in the Republic of South Africa
(Registration number 2014/253277/06)
Share code: CTA
ISIN: ZAE000208245


RESULTS OF THE ANNUAL GENERAL MEETING OF CAPITAL APPRECIATION LIMITED
HELD ON 6 SEPTEMBER 2023

Shareholders are advised that the results of the business conducted at the Annual General Meeting held
virtually on Wednesday 6 September 2023 are as follows:

                                                                           Percentage        Number of shares

Total number of shares that can be exercised at the meeting                                     1 310 000 000

Total number of shares present/represented including proxies at the            75.31%             986 531 541
meeting as % of voteable shares
Total number of shares present/represented including proxies at the            75.31%             986 531 541
meeting as % of issued shares

Total number of members present in person                                                                   4

Issued Shares                                                                                   1 310 000 000


Details of the results of voting at the annual general meeting are as follows:

                                For                  Against                Abstain                     Total
                                           %                        %                     %
                              Votes                    Votes                 Votes*                     Votes
Ordinary resolution
number 1 -
                        985 409 712     100%             100       0%     1 121 729   0.09%       985 409 812
Acceptance of
financial statements
Ordinary resolution
number 2.1 -
                        980 626 453   99.51%       4 783 359    0.49%     1 121 729   0.09%       985 409 812
Re-election of MR
Pimstein as director
Ordinary resolution
number 2.2 -
                        985 409 712     100%             100       0%     1 121 729   0.09%       985 409 812
Re-election of KD
Dlamini as director
Ordinary resolution
number 2.3 -
                        984 977 062   99.96%         432 750    0.04%     1 121 729   0.09%       985 409 812
Re-election of AC
Salomon as director
Ordinary resolution
number 3.1 -
Re-election of V
Sekese as member
                        985 409 712     100%             100       0%     1 121 729   0.09%       985 409 812
and Chairman of
the audit and risk
and opportunity
committee

Ordinary resolution
number 3.2 -
Re-election of B
Bulo as a member        985 409 712     100%             100       0%     1 121 729   0.09%       985 409 812
of the audit and risk
and opportunity
committee

Ordinary resolution
number 3.3 -
Election of KD
Dlamini as a
                        951 522 807   96.56%      33 887 005    3.44%     1 121 729   0.09%       985 409 812
member of the audit
and risk and
opportunity
committee
Ordinary resolution
number 4 -
                        985 409 712     100%             100       0%     1 121 729    0.9%       985 409 812
Reappointment of
external auditors

Ordinary resolution
number 5 -
General authority to    898 510 740   91.18%      86 892 372    8.82%     1 128 429   0.09%       985 403 112
issue shares for
cash

Ordinary resolution
number 6 -
Non-binding             916 725 236   93.04%      68 527 876    6.96%     1 278 429   0.09%       985 253 112
advisory vote on
remuneration policy

Ordinary resolution
number 7 -
Non-binding
advisory vote on        917 701 636   93.14%      67 551 476    6.86%     1 278 429   0.10%       985 253 112
remuneration
implementation
report

Special resolution
number 1 -
Approval of             980 436 938   99.51%       4 816 174    0.49%     1 278 429   0.10%       985 253 112
non-executive
directors’ fees

Special resolution
number 2 -
Repurchase of the       928 393 866   94.21%      57 097 946    5.79%     1 039 729   0.08%       985 491 812
Company’s ordinary
shares

Special resolution
                        951 511 992   96.56%      33 897 820    3.44%     1 121 729   0.09%       985 409 812
number 3 -                                                                                                
Financial assistance
to subsidiaries and
other related and
interrelated entities


*Abstentions are represented as a percentage of total issued ordinary shares

The special resolutions will to the extent necessary be filed and registered with the Companies and
Intellectual Property Commission.

Johannesburg
7 September 2023

Sponsor: Investec Bank Limited                                                                                               

Date: 07-09-2023 10:22:00
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