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Report on proceedings at the annual general meeting
African Rainbow Capital Investments Limited
(Incorporated in the Republic of Mauritius
(Registration number C148430)
Share code: AIL
ISIN: MU0553S00000
("ARC Investments" or “the Company”)
REPORT ON PROCEEDINGS AT THE ANNUAL GENERAL MEETING
At the third (3rd) Annual General Meeting (“AGM”) of the shareholders of ARC Investments held on Monday 16 November 2020, all the ordinary resolutions and one
special resolution proposed at the meeting were approved by the requisite majority of votes. In this regard, the Company confirms the voting statistics from the AGM as
follows:
Number of votes (one vote per one A ordinary share)
Votes cast disclosed Number of shares Shares voted Shares abstained
as a percentage in voted disclosed as a disclosed as a
relation to the total percentage in percentage in
Resolutions number of shares relation to the total relation to the total
voted at the meeting issued shares* issued shares*
For Against
Ordinary resolution 1
Consideration and approval of the Audited Annual Financial Statements for 100% 0.00% 1,139,596,539 89.60% 0.03%
the year ended 30th June 2020
Ordinary resolution 2
Election and re-election of Directors
2.1 Election and re-election of Mr M Olivier as a Director 99.71% 0.29% 1,136,149,789 89.33% 0.30%
2.2 Election and re-election of Dr R Mokate as a Director 100% 0.00% 1,136,149,789 89.33% 0.30%
2.3 Election and re-election of Ms S Bissonauth as a Director 100% 0.00% 1,136,149,789 89.33% 0.30%
2.4 Election and re-election of Ms R Nkadimeng as a Director 100% 0.00% 1,136,149,789 89.33% 0.30%
Ordinary Resolution 3
Election of members of the Audit Committee
3.1 Election of Dr R Mokate as a member of the Audit Committee 84.46% 15.54% 1,136,149,789 89.33% 0.30%
3.2 Election of Mr C Msipha as a member of the Audit Committee 100% 0.00% 1,136,149,789 89.33% 0.30%
3.3 Election of Mr A Currimjee as a member of the Audit Committee 99.71% 0.29% 1,136,149,289 89.33% 0.30%
3.4 Election of Ms S Bissonauth as a member of the Audit Committee 84.66% 15.34% 1,129,884,218 88.84% 0.80%
Ordinary Resolution 4
Re-appointment of auditors
4.1 Re-appointment of PricewaterhouseCoopers Inc. as an auditor of the 100% 0.00% 1,139,625,320 89.60% 0.03%
Company in South Africa
4.2 Re-appointment of PricewaterhouseCoopers as an auditor of the 100% 0.00% 1,139,610,170 89.60% 0.03%
Company in Mauritius
Ordinary Resolution 5
General authority for directors to allot and issue A-ordinary shares for cash 94.00% 6.00% 1,139,623,470 89.60% 0.03%
Ordinary Resolution 6
Non-binding advisory vote on the Company’s remuneration policy 99.08% 0.92% 1,139,594,360 89.60% 0.03%
Ordinary Resolution 7
Non-binding advisory vote on the Company’s remuneration 99.07% 0.93% 1,139,593,260 89.60% 0.03%
implementation report
Ordinary Resolution 8
Approval of remuneration payable to non-executive directors 99.96% 0.04% 1,136,173,425 89.33% 0.30%
Special Resolution 1
Repurchase of Company’s shares 99.26% 0.74% 1,139,801,541 89.62% 0.02%
*Total issued shares is 1,271,864,395 A ordinary shares.
The above results of the Annual General Meeting will be lodged with the Financial Services Commission in Mauritius on 17 November 2020.
Ebene, Mauritius (with simultaneous circulation in Johannesburg)
17 November 2020
For further information please contact:
Company Secretary
Intercontinental Trust Limited
Tel: +230 430 0800
JSE Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Tel: +27 11 282 8231
Date: 17-11-2020 03:00:00
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