EFORA ENERGY LIMITED - Results of the annual general meeting

Results of the annual general meeting

EFORA ENERGY LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1993/000460/06)
JSE Share Code: EEL
ISIN: ZAE000248258
(“Efora” or “the Company”)

RESULTS OF THE ANNUAL GENERAL MEETING

Shareholders are hereby advised that the results of the voting at the 2021 annual general meeting
of the Company held at 10:00 on 14 June 2023 at 2nd Floor, Building 11, Design Quarter District,
Leslie Avenue, Fourways, 2021, Johannesburg (“AGM”), were as follows:

                                                   Votes
                              Votes for          against
                          resolution as    resolution as                        Number of       Number of
                           a percentage     a percentage                     shares voted          shares
                               of total         of total                      at AGM as a    abstained as
                              number of        number of        Number of      percentage    a percentage
Resolutions                shares voted     shares voted     shares voted    of shares in    of shares in
proposed at the AGM              at AGM           at AGM           at AGM          issue*          issue*
Ordinary resolution              99.99%            0.01%      957 869 821         86.78%              0%
number 1:
Reappointment of
External Auditor and
Designated Audit
Partner
Ordinary resolution             99.99%            0.01%      957 869 821        86.78%              0%
number 2.1:
Re-election of Director
who retires by rotation
– Ms Zanele Radebe
Ordinary resolution             99.99%            0.01%      957 869 821        86.78%              0%
number 2.2:
Re-election of Director
who retires by rotation
– Mr Vuyo Ngonyama
Ordinary resolution             99.99%            0.01%      957 869 821        86.78%              0%
number 3.1:
Re-election of Audit
and Risk Committee
member – Ms Malande
Tonjeni
Ordinary resolution             99.99%            0.01%      957 869 821        86.78%              0%
number 3.2:
Re-election of Audit
and Risk Committee
member – Mr Patrick
Mngconkola
Ordinary resolution             99.99%            0.01%      957 869 821        86.78%              0%
number 3.3:
Re-election of Audit
and Risk Committee
member – Ms Zanele
Radebe
Ordinary resolution             99.52%            0.48%      957 869 821        86.78%              0%
number 4.1:
Non-binding
endorsement of
Efora’s Remuneration
Policy
Ordinary resolution             99.99%            0.01%      957 869 821        86.78%              0%
number 4.2:
Non-binding
endorsement of the
Remuneration
Implementation
Report
Ordinary resolution             99.99%            0.01%     957 869 821         86.78%              0%
number 5:
General authority to
Directors to allot and
issue authorised but
unissued ordinary
shares
Ordinary resolution             99.99%            0.01%     957 869 821         86.78%              0%
number 6:
General authority to
issue shares for cash
Ordinary resolution             99.99%            0.01%     957 869 821         86.78%              0%
number 7:
Authority to sign all
required
documentation
Special resolution               0.02%           99.98%     957 869 821         86.78%              0%
number 1:
General authority to
acquire (repurchase)
shares
Special resolution              99.99%            0.01%     957 869 821         86.78%              0%
number 2:
Remuneration of Non-
executive Directors
Special resolution              99.99%            0.01%     957 869 821         86.78%              0%
number 3:
General approval to
provide financial
assistance for
subscription or
purchase of ordinary
shares in related or
interrelated entities in
terms of section 44 of
the Companies Act
Special resolution              99.99%            0.01%     957 869 821         86.78%              0%
number 4:
Direct or indirect
financial assistance
(“financial assistance”
will herein have the
meaning attributed to it
in section 45(1) of the
Companies Act) to any
company related or
interrelated to the
Company or to any
juristic person who is a
member of or related
to any such companies

Note:
*Total number of shares in issue as at the date of the AGM was 1,103,834,635.

The Efora 2021 AGM presentation is available on the Efora website at
https://www.eforaenergy.com/wp-content/uploads/2023/06/Efora-AGM-Presentation-14-June-
2023-Final.pdf.

Johannesburg
15 June 2023

Sponsor
PSG Capital

Date: 15-06-2023 10:50:00
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