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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”)
RESULTS OF THE ANNUAL GENERAL MEETING (“AGM”)
Results of the AGM
Shareholders are advised that at the AGM of AfroCentric held on today, 10 November 2020, all
resolutions as set out in the notice of the AGM which was incorporated in the 2020 Integrated Annual
Report and distributed to shareholders on 9 October 2020, 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 100% 573 313 700
The total number of shares present/represented including proxies at
the meeting as percentage of voteable shares 83% 475 543 074
The total number of shares present/represented including proxies at
the meeting as percentage of issued shares 83% 475 543 074
Abstentions are represented below as a percentage of total number of shares in issue.
Ordinary resolution 1.1 - Election of Directors: Mr JB Fernandes
For Against Abstain Shares voted
475 452 104 - 90 970 475 452 104
100,00% 0,00% 0,02% 82,93%
Ordinary resolution 1.2 - Election of Directors: Ms AM le Roux
For Against Abstain Shares voted
475 452 104 - 90 970 475 452 104
100,00% 0,00% 0,02% 82,93%
Ordinary resolution 1.3 - Election of Directors: Ms M Chauke
For Against Abstain Shares voted
475 452 104 - 90 970 475 452 104
100,00% 0,00% 0,02% 82,93%
Ordinary resolution 1.4 - Election of Directors: Mr JJ Strydom
For Against Abstain Shares voted
473 452 104 2 000 000 90 970 475 452 104
99,58% 0,42% 0,02% 82,93%
Ordinary resolution 2.1 - Re-election of Directors: Mr JB Fernandes
For Against Abstain Shares voted
475 452 104 - 90 970 475 452 104
100,00% 0,00% 0,02% 82,93%
Ordinary resolution 2.2 - Re-election of Directors: Prof SA Zinn
For Against Abstain Shares voted
475 452 104 - 90 970 475 452 104
100,00% 0,00% 0,02% 82,93%
Ordinary resolution 2.3 - Re-election of Directors: Mr MJ Madungandaba
For Against Abstain Shares voted
472 299 639 3 152 465 90 970 475 452 104
99,34% 0,66% 0,02% 82,93%
Ordinary resolution 3.1 - Appointment of Chairman and Members to the Audit & Risk
Committee: Mr JB Fernandes (Chairperson)
For Against Abstain Shares voted
470 164 106 5 287 998 90 970 475 452 104
98,89% 1,11% 0,02% 82,93%
Ordinary resolution 3.2 - Appointment of Chairman and Members to the Audit & Risk
Committee: Ms AM le Roux
For Against Abstain Shares voted
475 452 104 - 90 970 475 452 104
100,00% 0,00% 0,02% 82,93%
Ordinary resolution 3.3 - Appointment of Chairman and Members to the Audit & Risk
Committee: Ms M Chauke
For Against Abstain Shares voted
475 452 104 - 90 970 475 452 104
100,00% 0,00% 0,02% 82,93%
Ordinary resolution 4: Re-appointment of independent external auditor
For Against Abstain Shares voted
453 735 304 21 716 800 90 970 475 452 104
95,43% 4,57% 0,02% 82,93%
Ordinary resolution 5: General Authority to Issue Shares for cash
For Against Abstain Shares voted
448 360 972 27 091 132 90 970 475 452 104
94,30% 5,70% 0,02% 82,93%
Ordinary resolution 6: Approval of the Remuneration Policy
For Against Abstain Shares voted
446 421 805 29 009 799 111 470 475 431 604
93,90% 6,10% 0,02% 82,93%
Ordinary resolution 7: Approval of the Remuneration Implementation Report
For Against Abstain Shares voted
472 249 422 3 189 182 104 470 475 438 604
99,33% 0,67% 0,02% 82,93%
Ordinary resolution 8: Authority of Directors and/or Company Secretary
For Against Abstain Shares voted
475 438 604 - 104 470 475 438 604
100,00% 0,00% 0,02% 82,93%
Special resolution 1: Approval of Non-executive Directors fees
For Against Abstain Shares voted
472 281 138 3 157 466 104 470 475 438 604
99,34% 0,66% 0,02% 82,93%
Special resolution 2: General authority to repurchase shares
For Against Abstain Shares voted
474 262 638 1 189 616 90 820 475 452 254
99,75% 0,25% 0,02% 82,93%
Special resolution 3: Financial assistance to a related or inter-related company or companies
For Against Abstain Shares voted
474 281 138 1 157 466 104 470 475 438 604
99,76% 0,24% 0,02% 82,93%
Special resolution 4: Financial assistance for subscription of shares to related or inter-related
companies
For Against Abstain Shares voted
474 281 138 1 157 466 104 470 475 438 604
99,76% 0,24% 0,02% 82,93%
10 November 2020
Sponsor: Sasfin Capital (a member of the Sasfin Group)
Date: 10-11-2020 02:40:00
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