LABAT AFRICA LIMITED - Results of Annual General Meeting ("AGM")

Results of Annual General Meeting ("AGM")

LABAT AFRICA LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1986/001616/06)
(“Labat” or “the Company”)
ISIN Code: ZAE 000018354 Share code: LAB


RESULTS OF ANNUAL GENERAL MEETING (“AGM”)


Further to the announcement released on SENS on 31 December 2020, shareholders are advised that at the
AGM of Labat held on 11 May 2021, convened in terms of the notice of AGM contained in the Annual Report,
the voting information is as follows:

Number of ordinary shares represented at the meeting                                           198 272 893
Total issued number of ordinary shares                                                         424 550 950
Percentage of ordinary shares represented at the meeting                                            46.70%

The resolutions proposed at the annual general meeting, together with the percentage of votes carried for
and against each resolution, are set out below:

                                                                       Number of votes
                                                         For         Against        Abstain    Total Votes
                                                          %                %   (% of issued     (excluding
                                                                             share capital)   abstentions)

 Ordinary Resolution Number 1 –                  197 459 087          68 000        745 806    197 527 087
 Approval of Financial Statements                   (99.97%)         (0.03%)        (0.18%)       (46.53%)

 Ordinary Resolution Number 2 –                  197 389 487         137 600        745 806    197 527 087
 Director appointment – Mr M Stringer               (99.93%)         (0.07%)        (0.18%)       (46.53%)

 Ordinary Resolution Number 3 –                  197 384 087          93 000        795 806    197 477 087
 Director retirement and re-election –               (99.95%         (0.05%)        (0.19%)       (46.51%)
 Ms RM Majiedt

 Ordinary Resolution Number 4 –                  197 409 087          68 000        795 806    197 477 087
 Re-appointment and remuneration of                 (99.97%)         (0.03%)        (0.19%)       (46.51%)
 auditors

 Ordinary Resolution Number 5 –                  197 409 087          68 000        795 806    197 477 087
 Appointment of Audit Committee                     (99.97%)         (0.03%)        (0.19%)       (46.51%)
 member – Mr R Mohamed

 Ordinary Resolution Number 6 –                  197 459 087          68 000        745 806    197 527 087
 Appointment of Audit Committee                     (99.97%)         (0.03%)        (0.18%)       (46.53%)
 member – Ms BA Penny

 Ordinary resolution Number 7 -                  197 384 087          93 000        795 806    197 477 087
 Re-appointment of Audit Committee                  (99.95%)         (0.05%)        (0.19%)       (46.51%)
 member – Ms RM Majiedt
 
 Ordinary Resolution Number 8 –                  197 244 087         233 000        795 806    197 477 087
 Endorsement of Labat’s Remuneration                (99.88%)         (0.12%)        (0.19%)       (46.51%)
 Policy

 Ordinary Resolution Number 9 –                  197 244 087         233 000        795 806    197 477 087
 Endorsement of the implementation of               (99.88%)         (0.12%)        (0.19%)       (46.51%)
 Labat’s Remuneration Policy

 Ordinary Resolution Number 10 –                 197 294 087         461 600        517 206    197 755 687
 General authority to allot and issue               (99.77%)         (0.23%)        (0.12%)       (46.58%)
 shares for cash

 Special Resolution Number 1 – Authority         196 778 243         927 444        567 206    197 705 687
 to issue shares that may exceed 30% of             (99.53%)         (0.47%)        (0.13%)       (46.57%)
 the voting power of the current issued
 share capital

 Special Resolution Number 2 – Non-              196 775 243         701 844        795 806    197 477 087
 Executive Directors’ Remuneration                  (99.64%)         (0.36%)        (0.19%)       (46.51%)

 Special Resolution Number 3 – General           197 637 687          68 000        567 206    197 705 687
 authority to enter into funding                    (99.97%)         (0.03%)        (0.13%)       (46.57%)
 agreements, provide loans or other
 financial assistance

 Special Resolution Number 4 – General           197 687 687          68 000        517 206    197 755 687
 authority to repurchase the Company’s              (99.97%)          0.03%)        (0.12%)       (46.58%)
 securities


By order of the board.

Johannesburg
12 May 2021

Sponsor
AcaciaCap Advisors

Date: 12-05-2021 04:14:00
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