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Results of AGM
AfroCentric Investment Corporation Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1988/000570/06)
JSE Code: ACT ISIN: ZAE000078416
(“AfroCentric” or “the Company”)
RESULTS OF ANNUAL GENERAL MEETING
Shareholders are advised that at the annual general meeting held on Wednesday, 8 November 2017 (“AGM”), all
resolutions as set out in the notice of the AGM which was incorporated in the 2017 Integrated Annual Report and
distributed to shareholders on 10 October 2017, were duly approved by the requisite majority of shareholders present and
voting, either in person or represented by proxy.
Shareholders are advised that:
- the total number of shares in issue as at the date of the AGM was 554 377 328;
- the total number of shares that were present in person/represented by proxy at the AGM was 426 099 606 shares
being 77% of the total number of shares in issue; and
- Abstentions are represented below as a percentage of total number of shares in issue.
Details of the results of the voting are as follows:
RESOLUTION Shares voted Shares voted Shares
for against abstained
Ordinary Resolutions
Ordinary resolution number 1:
Election of directors
1.1 Mr SE Mmakau 423 891 363 2 103 550 104 693
99.51% 0.49% 0.02%
1.2 Ms HG Motau 425 994 913 - 104 693
100% 0.02%
Ordinary resolution number 2:
Retirement and re-election of directors
408 222 787 17 772 126 104 693
2.1 Dr ND Munisi 95.83% 4.17% 0.02%
376 310 986 19 526 789 30 261 831
2.2 Mr MI Sacks
95.07% 4.93% 5.46%
406 468 124 19 526 789 104 693
2.3 Mr JM Kahn 95.42% 4.58% 0.02%
Ordinary resolution number 3:
Appointment of Chairman and Members to the Audit
Committee
425 994 913 104 693
3.1 Ms LL Dhlamini (Chairperson) 100% - 0.02%
423 891 363 2 103 550 104 693
3.2 Mr SE Mmakau
99.51% 0.49% 0.02%
425 994 913 - 104 693
3.3 Ms HG Motau
100% 0.02%
Ordinary resolution number 4: 395 795 503 30 157 138 146 965
Re-appointment of independent external auditor 92.92% 7.08% 0.03%
Ordinary resolution number 5: 409 953 851 16 041 062 104 693
General authority to issue shares for cash 96.23% 3.77% 0.02%
Ordinary resolution number 6: 421 697 701 4 254 940 146 965
Approval of the remuneration policy 99.00% 1.00% 0.03%
Ordinary resolution number 7: 421 994 428 3 958 213 146 965
Approval of the remuneration implementation report 99.07% 0.93% 0.03%
Ordinary resolution number 8: 423 494 636 2 400 277 204 693
Adoption of the AfroCentric Group Long-Term Incentive 99.44% 0.56% 0.04%
Plan
Ordinary resolution number 9: 425 894 913 - 204 693
Authorise directors and/or company secretary 100% 0.04%
Special Resolutions Shares voted Shares voted Shares
for against abstained
Special resolution number 1: 421 994 428 4 000 485 104 693
Approval of non-executive directors’ remuneration 99.06% 0.94% 0.02%
Special resolution number 2: 425 598 186 296 727 204 693
General authority to repurchase shares 99.93% 0.07% 0.04%
Special resolution number 3: 425 952 641 - 146 965
Financial assistance to related or Inter-related company or 100% 0.03%
companies
Special resolution number 4: 425 952 641 - 146 965
Financial assistance for subscription of securities to related 100% 0.03%
or Inter-related companies
Johannesburg
8 November 2017
Sponsor
Sasfin Capital (a member of the Sasfin group)
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