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Results Of The Annual General Meeting And Business Update
AFRIMAT LIMITED
Incorporated in the Republic of South Africa
(Registration number: 2006/022534/06)
Share code: AFT
ISIN: ZAE000086302
(“Afrimat” or “the Company”)
RESULTS OF THE ANNUAL GENERAL MEETING AND BUSINESS UPDATE
Shareholders are hereby advised that at the annual general meeting of the Company held
entirely by electronic communication at 14:00 on Wednesday, 29 July 2020 (“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:
Resolutions Votes for Votes Number of Number of Number of
proposed at the resolution against shares shares shares
AGM as a resolution voted at voted at abstained
percentage as a AGM AGM as a as a
of total percentage percentage percentage
number of of total of shares in of shares in
shares number of issue issue
voted at shares
AGM voted at
AGM
Special resolution 99.99% 0.01% 109 176 096 76.21% 0.06%
number 1:
To give directors
general authority to
repurchase
Company shares
Special resolution
number 2:
To give the
Company general
authority to pay
fixed fee annual
payments to non-
executive directors
2.1: Afrimat 99.99% 0.01% 109 175 896 76.21% 0.06%
Chairman
2.2: Afrimat non- 99.99% 0.01% 109 175 896 76.21% 0.06%
executive director
2.3.1: Audit & Risk 99.99% 0.01% 109 153 396 76.19% 0.08%
Committee
Chairman
2.3.2: Audit & Risk 99.99% 0.01% 109 153 396 76.19% 0.08%
Committee Member
2.4.1: 99.99% 0.01% 109 175 896 76.21% 0.06%
Remuneration
Committee
Chairman
2.4.2: Nominations 99.99% 0.01% 109 175 896 76.21% 0.06%
Committee
Chairman
2.4.3: 99.99% 0.01% 109 175 896 76.21% 0.06%
Remuneration &
Nominations
Committee Member
2.5.1: Social & 99.99% 0.01% 109 175 896 76.21% 0.06%
Ethics and
Sustainability
Committee
Chairman
2.5.2: Social & 99.99% 0.01% 109 175 896 76.21% 0.06%
Ethics and
Sustainability
Committee Member
2.6: Investment 99.99% 0.01% 109 175 896 76.21% 0.06%
Review Committee
Chairman
Special resolution 91.02% 8.98% 109 175 896 76.21% 0.06%
number 3:
Provision of
financial assistance
for subscription of
securities
Special resolution 98.11% 1.89% 109 175 396 76.21% 0.06%
number 4:
To give the
Company general
authority to provide
financial assistance
to related or inter-
related companies
and others
Special resolution 87.22% 12.78% 105 377 977 73.56% 2.71%
number 5:
Non-executive
director’s award of
ex gratia bonus
Ordinary resolution 99.75% 0.25% 109 174 332 76.21% 0.06%
number 1:
To adopt the 2020
annual financial
statements
Ordinary resolution 91.61% 8.39% 109 175 896 76.21% 0.06%
number 2:
To issue unissued
shares or other
equity securities for
cash
Ordinary resolution 95.55% 4.45% 109 175 896 76.21% 0.06%
number 3:
To place unissued
shares under
directors’ control
Ordinary resolution 97.99% 2.01% 109 171 332 76.20% 0.07%
number 4:
To re-elect Mr
Hennie JE van Wyk
as a director of the
Company
Ordinary resolution 97.81% 2.19% 109 171 332 76.20% 0.07%
number 5:
To re-elect Mr
Loyiso Dotwana as
a director of the
Company
Ordinary resolution 100.00% 0.00% 109 148 832 76.19% 0.08%
number 6:
To re-elect Mr
Jacobus F van der
Merwe as a director
of the Company
Ordinary resolution 98.52% 1.48% 109 171 332 76.20% 0.07%
number 7:
To elect Mr Collin
Ramukhubathi as a
director of the
Company
Ordinary resolution
number 8:
To re-elect the
Audit & Risk
Committee
members of the
Company
8.1: Mr Loyiso 89.36% 10.64% 109 171 332 76.20% 0.07%
Dotwana
8.2: Mr Helmut N 100.00% 0.00% 109 171 332 76.20% 0.07%
Pool
8.3: Mr Jacobus F 100.00% 0.00% 109 148 832 76.19% 0.08%
van der Merwe
8.4: Mr Hendrik JE 93.41% 6.59% 109 171 332 76.20% 0.07%
van Wyk
8.5: Mr Marthinus 85.69% 14.31% 109 171 332 76.20% 0.07%
W von Wielligh
Ordinary resolution 100.00% 0.00% 109 174 332 76.21% 0.06%
number 9:
To authorise the
directors to
reappoint the
auditor,
PricewaterhouseCo
opers together with
Frans Weilbach as
the individual
registered auditor
and to fix their
remuneration
Ordinary resolution 88.89% 11.11% 109 173 731 76.21% 0.06%
number 10:
To approve the
remuneration policy
as a non-binding
advisory vote
Ordinary resolution 95.92% 4.08% 109 174 332 76.21% 0.06%
number 11:
To approve the
implementation
report in terms of
King IV™
Ordinary resolution 100.0% 0.00% 109 175 896 76.21% 0.06%
number 12:
To authorise the
directors or the
Company
Secretary to sign
documentation
Note:
Total number of shares in issue as at the date of the AGM was 143 262 412.
Following the AGM a business update was presented by Mr. Andries J van Heerden, the Chief
Executive Officer. This presentation is available on the Company’s website
www.afrimat.co.za.
Cape Town
30 July 2020
Sponsor
PSG Capital
Date: 30-07-2020 09:35:00
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