AFRISTRAT INVESTMENT HOLDINGS LIMITED - Results of Annual General Meeting

Results of Annual General Meeting

AFRISTRAT INVESTMENT HOLDINGS LIMITED
Incorporated in the Republic of South Africa
Registration number: 1998/013215/06
JSE Code: ATI - ISIN: ZAE000287587
Debt Issuer Code: ATID
Hybrid Issuer Code: ATIG
(“Afristrat” or “the Company” or “Group”)


RESULTS OF ANNUAL GENERAL MEETING


Shareholders are advised that, at the annual general meeting of Afristrat held today, 5 November 2021, all the
resolutions as set out in the notice of annual general meeting were passed by the requisite majority of
shareholders.

The number of shares voted in person or by proxy was 17 329 599 136 representing 29.15% of the total issued
share capital of the same class of Afristrat shares.

The resolutions proposed at the meeting, together with the percentage of votes carried for and against each
resolution, as well as the percentage of shares abstained, are set out below:


                                                                   % of votes     % of votes
                                                              carried for the    against the    % of shares
 Resolution                                                        resolution     resolution      abstained
 
 Ordinary resolution 1:
 Re-election of retiring non-executive directors                            -             -               -
 
 Ordinary resolution 1.1:
 Re-election of G Nyengedza as an independent non-
 executive director                                                     88.20          11.80           1.02
 
 Ordinary resolution 1.2:
 Re-election of RMH Pitt as an independent non-executive
 director                                                               88.53          11.47           0.78

 Ordinary resolution 2:
 Confirmation of appointment of         Y   Maitin   as   an
 independent non-executive director                                     88.53          11.47           0.78

 Ordinary resolution 3:
 Audit and Risk committee appointments                                      -              -              -

 Ordinary resolution 3.1:
 Re-appointment RMH Pitt as a member and chairman of
 the Audit and Risk Committee                                           88.54          11.46           0.76

 Ordinary resolution 3.2:
 Re-appointment of G Nyengedza as a member of the
 Audit and Risk Committee                                               88.31          11.69           0.76

 Ordinary resolution 3.3:
 Appointment of Y Maitin as a member of the Audit and
 Risk Committee                                                         88.54          11.46           0.76

 Ordinary resolution 4:
 Re-appointment of independent external auditors, Nexia
 SAB&T, with J Engelbrecht as the designated auditor                    88.51          11.49           0.58

 Ordinary resolution 5:
 General authority to allot and issue ordinary shares for
 cash                                                                   87.00          13.00           1.10

 Ordinary resolution number 6:
 Approval of the Company’s remuneration policy and
 implementation report                                                      -              -              -

 Ordinary resolution 6.1:
 Approval of the Group’s remuneration policy                            87.60          12.40           0.86

 Ordinary resolution 6.2:
 Approval   of    the   Group’s     remuneration     policy
 implementation plan                                                    87.60          12.40           0.86

 Special resolution 1:
 Approval of non-executive directors’ remuneration                      86.65          13.35           0.87

 Special resolution 2:
 Approve a general authority to enter into funding
 agreements, provide loans and other financial assistance               86.59          13.41           0.58

 Special resolution 3:
 Approve a general authority to repurchase the Company’s
 ordinary shares and hybrid preference shares                           98.70           1.30           0.58


5 November 2021
Pretoria

Sponsor
Merchantec Capital

Date: 05-11-2021 12:41:00
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