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Results of the annual general meeting and changes to the board
AFRICAN EQUITY EMPOWERMENT
INVESTMENTS LIMITED
(Incorporated in the Republic of South Africa)
Registration number 1996/006093/06
Share code: AEE
ISIN: ZAE000195731
("AEEI" or "the Company")
RESULTS OF THE ANNUAL GENERAL MEETING AND CHANGES TO THE BOARD
Shareholders are hereby advised that the results of the voting at the annual general meeting
(“AGM”) of the Company held at 14:00, Thursday, 16 April 2020, on the Microsoft Teams
Platform, are set out below.
Shareholders are further advised that:
- there were 491 022 434 shares in issue as at the date of the AGM; and
- the total number of shares that were present represented by proxy at the AGM was
394 027 138 shares being 80,25% of the total number of shares in issue.
All the resolutions proposed at the AGM to be voted on were duly approved by the requisite
majority of shareholders present and voting.
Votes
Votes for against
resolution resolution
as a as a Number of
percentage percentage shares Number of
of total of total voted at shares
number of number of AGM as a abstained as
Resolutions shares shares Number of percentage a percentage
proposed at the voted at voted at shares voted of shares in of shares in
AGM AGM AGM at AGM issue issue
Ordinary resolution
number 1: To
appoint the 100,00% 0,00% 394 027 138 80,25% 0,00%
following Director:
Ismet Amod
Ordinary resolution
number 2: To
appoint the Withdrawn
following Director:
Moleboheng Mosia
Ordinary resolution
number 3: To
appoint the 100,00% 0,00% 394 027 138 80,25% 0,00%
following Director:
Gaamiem Colbie
Ordinary resolution
number 4: To
appoint the 100,00% 0,00% 393 437 888 80,13% 0,12%
following Director:
Jowayne van Wyk
Ordinary resolution
number 5: To re-
elect the following
Director who retires Withdrawn
by rotation:
Ngoako Ramatlhodi
Ordinary resolution
number 6: To re-
elect the following
Director who retires 99,85% 0,15% 394 027 138 80,25% 0,00%
by rotation:
Aziza Begum Amod
Ordinary resolution
number 7: To re-
appoint the
following member 99,91% 0,09% 394 027 138 80,25% 0,00%
of the audit and risk
committee:
Ismet Amod
Ordinary resolution
number 8: To
appoint the
following member 100,00% 0,00% 393 437 888 80,13% 0,12%
of the audit and risk
committee:
Jowayne van Wyk
Ordinary resolution
number 9: To
appoint the
following member 99,85% 0,15% 393 677 138 80,17% 0,07%
of the audit and risk
committee:
Gaamiem Colbie
Ordinary resolution
number 10: To re-
appoint the
following member
of the audit and risk Withdrawn
committee:
Ngoako Abel
Ramatlhodi
Ordinary resolution
number 11: Control
of authorised but 99,85% 0,15% 394 027 138 80,25% 0,00%
unissued “B”
ordinary shares
Ordinary resolution
number 12:
Approval to issue
99,85% 0,15% 394 027 138 80,25% 0,00%
“B” ordinary shares
and/or options for
cash
Ordinary resolution 99,85% 0,15% 394 027 138 80,25% 0,00%
number 13: Non-
binding advisory
vote on the
Remuneration
policy of the
Company
Ordinary resolution
number 14: Non-
binding advisory
vote on the
99,85% 0,15% 394 027 138 80,25% 0,00%
Implementation of
the remuneration
policy of the
Company
Special resolution
number 1: To
approve the
99,85% 0,15% 394 027 138 80,25% 0,00%
remuneration of the
non-executive
Directors
Special resolution
number 2: To
approve inter- 99,85% 0,15% 394 027 138 80,25% 0,00%
company financial
assistance
Special resolution
number 3: To
approve financial
assistance for the
subscription or 100,00% 0,00% 394 027 138 80,25% 0,00%
purchase of shares
in the Company or
in a related or inter-
related company
Special resolution
number 4: Approval
for the Company or
100,00% 0,00% 394 027 138 80,25% 0,00%
its subsidiaries to
repurchase shares
of the Company
CHANGES TO THE BOARD OF DIRECTORS
Miss M Mosia and Advocate N Ramatlhodi voluntarily elected to step off the Board and
accordingly the requisite resolutions were withdrawn.
Accordingly, in compliance with paragraph 3.59(b) of the JSE Listings Requirements, the
Company advises that Miss M Mosia and Advocate N Ramatlhodi were not available for
election and re-election to the Board (the Board) and are therefore no longer directors on the
Board with effect from 16 April 2020.
The Board wishes to thank Miss Mosia and Advocate Ramatlhodi for their tenure on the
Board and its Committees. The Board wishes to take this opportunity to wish them all of the
very best and success for the future
Cape Town
17 April 2020
Sponsor
Vunani Sponsors
Date: 17-04-2020 04:20:00
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