ARDEN CAPITAL LIMITED - Results of Special Meeting

Results of Special Meeting

Arden Capital Limited
(Incorporated in the Republic of Mauritius)
(Registration number: 115883 C1/GBL)
Share Code: ACZ
ISIN: MU0548S00026
(“Arden Capital” or “the Company”)

RESULTS OF SPECIAL MEETING

Shareholders are referred to the announcement published on SENS on 31 March 2022 in relation to the
distribution of a circular to Shareholders (“Circular”) setting out the proposed Unbundling of shares held
in AEL, the Reduction of Stated Capital and the Voluntary Liquidation of the Company (“Proposed
Transaction”). The Circular further contained a Notice of Special Meeting for Shareholders to consider and
vote on the Proposed Transaction.

Terms defined and used in the Circular published on Thursday, 31 March 2022, have been used in this
announcement.

Results of Special Meeting

Shareholders are advised that all the Resolutions proposed at the Special Meeting held on 04 May 2022
were approved by the requisite majority of votes. In this regard, the Company confirms the voting results
from the Special Meeting as follows:

The total number of Arden Capital ordinary shares in issue is 117 266 523 shares (109 491 523 listed
votable shares plus 7 775 000 treasury shares), of which 106 203 269 shares had votes cast at the Special
Meeting, representing 97.00% of the total votable ordinary shares.

 Resolutions:                                          Shares Voted                  Abstained   Votes For     Votes
                                                                                   from Voting               Against
                                               Number                % (1)             % (2)      % (2)      % (2)
 Special resolution number 1:                106 203 269             97.00              0         99.98      0.02
 Approval of the Reduction of
 Stated Capital


 Ordinary resolution number                  106 203 269             97.00               0        99.98      0.02
 1:
 Approval of the Arden
 Unbundling

 Special resolution number 2:                106 203 269             97.00               0        99.98      0.02
 Approval of the Voluntary
 Liquidation of Arden Capital

Notes:
 1.    As a percentage of 109 491 523 total ordinary shares in issue and eligible to vote.
 2.    As a percentage of shares voted.

Condition Precedent to the Proposed Transaction

Shareholders are advised that the approval of the Proposed Transactions by the requisite majority of
Shareholders at the Special Meeting has resulted in the Condition Precendents being met.

Due Dilligence

Shareholders who are eligible for AEL shares are further advised that they will be subject to Customer
Due Diligence measures in line with the Financial Services Act 2007, Financial Intelligence and Anti-
Money Laundering Act (‘FIAMLA’) and the Financial Intelligence and Anti-Money Laundering
Regulations (‘FIAML Regulations 2018’) as guided in the Anti-Money Laundering and Combatting the
Financing of Terrorism Handbook.


Grand Baie, Mauritius
5 May 2022

Sponsor
Questco Corporate Advisory Proprietary Limited

Date: 05-05-2022 10:30:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.