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Results of annual general meeting
AVENG LIMITED
Incorporated in the Republic of South Africa
(Registration number: 1944/018119/06)
ISIN: ZAE000302618
SHARE CODE: AEG
("Aveng" or "the Group")
RESULTS OF ANNUAL GENERAL MEETING
Shareholders are advised that at the annual general meeting ("AGM") held via electronic
communication today, 5 December 2025, the requisite majority of shareholders approved all of the
ordinary and special resolutions tabled at the AGM. There were 127 135 041 ordinary voteable shares
in issue as at the date of the annual general meeting. The total number of ordinary shares
present/represented, including proxies, at the meeting was 55 419 547, being 43.59% of the ordinary
shares in issue.
The results of the ordinary and special resolutions were as follows:
1. Ordinary resolution 1.1: Re-election of director – Mr Philip Hourquebie
For² Against² Abstain¹ Shares voted¹
53 631 962 1 756 774 30 811 55 388 736
96.83% 3.17% 0.02% 43.57%
2. Ordinary resolution 1.2: Re-election of director - Mr Adrian Macartney
For² Against² Abstain¹ Shares voted¹
55 349 219 39 517 30 811 55 388 736
99.93% 0.07% 0.02% 43.57%
3. Ordinary resolution 1.3: Re-election of director – Mr Nicholas Bowen
For² Against² Abstain¹ Shares voted¹
55 349 219 39 517 30 811 55 388 736
99.93% 0.07% 0.02% 43.57%
4. Ordinary resolution 2.1: Appointment of audit committee member – Mr David Noko
For² Against² Abstain¹ Shares voted¹
55 349 219 39 517 30 811 55 388 736
99.93% 0.07% 0.02% 43.57%
5. Ordinary Resolution 2.2: Appointment of audit committee member – Mr Bradley Meyer
For² Against² Abstain¹ Shares voted¹
53 634 791 1 753 945 30 811 55 388 736
96.83% 3.17% 0.02% 43.57%
6. Ordinary Resolution 2.3: Appointment of audit committee member – Mr Nicholas Bowen
For² Against² Abstain¹ Shares voted¹
54 869 045 519 691 30 811 55 388 736
99.06% 0.94% 0.02% 43.57%
7. Ordinary resolution 3.1: Appointment of social and ethics committee member - Mr David Noko
For² Against² Abstain¹ Shares voted¹
54 830 395 558 352 30 800 55 388 747
98.99% 1.01% 0.02% 43.57%
8. Ordinary resolution 3.2: Appointment of social and ethics committee member - Mr Sean Flanagan
For² Against² Abstain¹ Shares voted¹
54 830 395 558 352 30 800 55 388 747
98.99% 1.01% 0.02% 43.57%
9. Ordinary resolution 3.3: Appointment of social and ethics committee member - Mr Philip Hourquebie
For² Against² Abstain¹ Shares voted¹
53 113 138 2 275 609 30 800 55 388 747
95.89% 4.11% 0.02% 43.57%
10. Ordinary resolution 4: Re-appointment of external auditors
For² Against² Abstain¹ Shares voted¹
55 368 415 20 332 30 800 55 388 747
99.96% 0.04% 0.02% 43.57%
11. Non-binding ordinary resolution 5: Approval of the remuneration policy
For² Against² Abstain¹ Shares voted¹
50 999 363 3 970 984 449 200 54 970 347
92.78% 7.22% 0.35% 43.24%
12. Non-binding ordinary resolution 6: Approval of the remuneration implementation report
For² Against² Abstain¹ Shares voted¹
51 479 748 3 490 599 449 200 54 970 347
93.65% 6.35% 0.35% 43.24%
13. Special resolution 1: General authority to repurchase shares
For² Against² Abstain¹ Shares voted¹
54 887 841 500 906 30 800 55 388 747
99.10% 0.90% 0.02% 43.57%
14. Special resolution 2: Non-executive directors' remuneration
For² Against² Abstain¹ Shares voted¹
53 132 002 2 256 745 30 800 55 388 747
95.93% 4.07% 0.02% 43.57%
15. Special resolution 3: Financial assistance to related and inter-related companies
For² Against² Abstain¹ Shares voted¹
54 368 756 1 019 991 30 800 55 388 747
98.16% 1.84% 0.02% 43.57%
16. Ordinary resolution 7: Signing authority
For² Against² Abstain¹ Shares voted¹
54 849 580 539 167 30 800 55 388 747
99.03% 0.97% 0.02% 43.57%
Notes:
1. Disclosed as a percentage of the voteable shares.
2. Disclosed as a percentage of the total number of shares voted.
3. No resolutions were added or amended at the AGM.
5 December 2025
Boksburg, South Africa
JSE Sponsor
Valeo Capital (Pty) Ltd
Edinah Mandizha
Group Company Secretary
Tel: 011 779 2800
Email: info@avenggroup.com
Date: 05-12-2025 03:07:00
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