ARGENT INDUSTRIAL LIMITED - Results of the Annual General Meeting

Results of the Annual General Meeting

Argent Industrial Limited
(Registration number 1993/002054/06)
(Incorporated in the Republic of South Africa)
Share Code: ART
ISIN: ZAE000019188
(“Argent” or “the Company” or “the Group”)


RESULTS OF THE ANNUAL GENERAL MEETING


Shareholders are hereby advised that at the annual general meeting of the Company held at 10h00 today,
Friday, 4 September 2020 at the Company’s boardroom at First Floor, Ridge 63, 8 Sinembe Crescent, La
Lucia Ridge Office Estate, Umhlanga, (“AGM”), all of the resolutions were passed by the requisite majorities
of the Company’s shareholders.

Details of the results of the voting at the AGM are as follows:

                                                        Votes
                                                       against
                                                    resolution
                                                          as a                    Number of
                                      Votes for     percentage                       shares        Number of
                                resolution as a       of total                     voted at           shares
                                  percentage of      number of     Number of       AGM as a     abstained as
                                total number of         shares        shares     percentage     a percentage
 Resolutions proposed           shares voted at       voted at      voted at   of shares in     of shares in
 at the AGM                                AGM            AGM            AGM          issue            issue
 
 Ordinary resolution
 number 1: Appointment
 Mr K Mapasa as an
 independent non-
 executive director                      100%              0%     32 712 701       50.67%            0.02%
 
 Ordinary resolution
 number 2: Re-election of
 Mr PA Christofides as an
 independent non-
 executive director                      100%              0%     32 712 701       50.67%            0.02%
 
 Ordinary resolution
 number 3: Re-election of
 Mr CD Angus as an
 independent non-
 executive director                      100%              0%     32 712 701       50.67%            0.02%
 
 Ordinary resolution
 number 4: Appointment of
 Mr PA Christofides as a
 member of the audit and
 risk committee of the
 Company                                 100%              0%     32 712 701       50.67%            0.02%
 
 Ordinary resolution
 number 5: Appointment of
 Mr K Mapasa as a
 member of the audit and
 risk committee of the
 Company                                 100%              0%     32 712 701       50.67%            0.02%
 
 Ordinary resolution
 number 6: Appointment of
 Mr CD Angus as a                        100%              0%     32 712 701       50.67%            0.02%
 member of the audit and
 risk committee of the
 Company
 
 Ordinary resolution
 number 7: Re-
 appointment of auditor                  100%              0%     32 712 701       50.67%            0.02%
 
 Ordinary resolution
 number 8: Unissued
 shares placed under
 control of the directors               99.99%          0.01%     32 712 701       50.67%            0.02%
 
 Ordinary resolution
 number 9: Non-binding
 endorsement of Argent’s
 remuneration policy                      100%             0%     32 709 001       50.66%            0.02%
 
 Ordinary resolution
 number 10: Non-binding
 advisory vote on Argent’s
 implementation report on
 the remuneration policy                  100%             0%     32 709 001       50.66%           0.02%
 
 Special resolution
 number 1: Remuneration
 of non-executive
 directors                                100%             0%     32 710 701       50.66%           0.02%
 
 Special resolution
 number 2: Inter-company
 loans                                  99.99%          0.01%     32 714 901       50.67%           0.02%
 
 Special resolution
 number 3: Share
 repurchases by the
 Company and its
 subsidiaries                           99.99%          0.01%     32 711 001       50.66%           0.02%


Note:
Total number of shares in issue as at the date of the AGM was 64 566 616.

Umhlanga
4 September 2020

Sponsor
PSG Capital

Date: 04-09-2020 10:44:00
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