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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 held on Friday, 2 December 2022,
the requisite majority of shareholders approved all of the ordinary and special resolutions. There
were 125 327 364 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
76 675 341 being 61% of the ordinary shares in issue.
The results of the ordinary and special resolutions were as follows:
1. Ordinary resolution 1.1: Election of director – Mr Bernard Swanepoel
For Against Abstain Shares voted
76 534 512 53 969 86 860 76 588 481
99,93 0,07 0,07 - 61,11
2. Ordinary resolution 2.1: Re-election of director - Mr Adrian Macartney
For Against Abstain Shares voted
76 548 053 40 428 86 860 76 588 481
99,95 0,05 0,07 - 61,11
3. Ordinary resolution 2.2: Re-election of director – Mr Michael Kilbride
For Against Abstain Shares voted
67 073 924 9 514 557 86 860 76 588 481
87,58 12,42 0,07 - 61,11
4. Ordinary resolution 2.3: Re-election of director – Ms May Hermanus
For Against Abstain Shares voted
66 583 780 10 004 701 86 860 76 588 481
86,94 13,06 0,07 - 61,11
5. Ordinary Resolution 3.1: Election of audit committee member - Ms Bridgette Modise
For Against Abstain Shares voted
60 318 265 16 270 216 86 860 76 588 481
78,76 21,24 0,07 - 61,11
6. Ordinary resolution 3.2: Election of audit committee member – Mr Bradley Meyer
For Against Abstain Shares voted
76 552 629 35 852 86 860 76 588 481
99,95 0,05 0,07 - 61,11
7. Ordinary Resolution 3.3: Election of audit committee member – Mr Mike Kilbride
For Against Abstain Shares voted
65 790 634 10 797 847 86 860 76 588 481
85,90 14,10 0,07 - 61,11
8. Ordinary resolution 4: Appointment of external auditors
For Against Abstain Shares voted
57 561 377 19 027 125 86 839 76 588 502
75,16 24,84 0,07 - 61,11
9. Ordinary resolution 5: Approval of remuneration policy
For Against Abstain Shares voted
72 921 580 3 659 638 94 123 76 581 218
95,22 4,78 0,08 - 61,10
10. Ordinary resolution 6: Approval of remuneration report
For Against Abstain Shares voted
75 975 048 606 170 94 123 76 581 218
99,21 0,79 0,08 - 61,10
11. Ordinary resolution 7: Revision of the Aveng Limited Long-Term Incentive Plan (LTIP 2022) to provide for
Conditional Awards
For Against Abstain Shares voted
76 524 983 60 082 90 276 76 585 065
99,92 0,08 0,07 - 61,11
12. Ordinary resolution 8: Revision of the Aveng Limited Long- Term Incentive Plan (LTIP 2022) and the Aveng
Limited Key Management Incentive Plan (MIP 2021) to remove restrictions on participation
For Against Abstain Shares voted
76 450 915 126 299 98 127 76 577 214
99,84 0,16 0,08 - 61,10
13. Special resolution 1: General authority to repurchase shares
For Against Abstain Shares voted
76 025 703 562 778 86 860 76 588 481
99,27 0,73 0,07 - 61,11
14. Special resolution 2: Non-executive directors’ remuneration
For Against Abstain Shares voted
72 980 907 3 597 749 96 685 76 578 656
95,30 4,70 0,08 - 61,10
15. Special resolution 3: Financial assistance to related and inter-related companies
For Against Abstain Shares voted
76 501 335 87 146 86 860 76 588 481
99,89 0,11 0,07 - 61,11
16. Special resolution 4: Approvals of the Implementation of the LTIP 2022
For Against Abstain Shares voted
75 688 043 897 676 89 622 76 585 719
98,83 1,17 0,07 - 61,11
17. Ordinary resolution 9: Signing authority
For Against Abstain Shares voted
76 535 819 45 242 94 280 76 581 061
99,94 0,06 0,08 - 61,10
- Disclosed as a percentage of the voteable shares
2 December 2022
Melrose Arch
JSE Sponsor
Investec Bank Limited
Edinah Mandizha
Company Secretary
Tel: 011 779 2800
Email: info@avenggroup.com
Date: 02-12-2022 12:57:00
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