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
LEI 9845000R73DF5EE41J88


RESULTS OF ANNUAL GENERAL MEETING (“AGM”)


Further to the announcement released on SENS on 21 February 2022, shareholders are advised that at the
AGM of Labat held on 18 January 2023, 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                                            184 186 285
Total issued number of ordinary shares                                                          617 645 878
Percentage of ordinary shares represented at the meeting                                             29.82%

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 –                    183 262 588        406 650        517 047    183 669 238
 Acceptance of the Annual Financial                   (99.78%)        (0.22%)        (0.08%)       (29.74%)
 Statements

 Ordinary Resolution Number 2 –                    182 639 701        356 650       1 189 934   182 996 351
 Director Appointment – Mr SE van Rooyen              (99.81%)        (0.19%)         (0.19%)      (29.63%)

 Ordinary Resolution Number 3 –                    182 483 308        513 043       1 189 934   182 996 351
 Director retirement and re-election –                (99.72%)        (0.28%)         (0.19%)      (29.63%)
 Mr R Mohamed

 Ordinary Resolution Number 4 – 4                  182 480 308      1 158 930        547 047    183 639 238
 Re-election of a director who retires in terms       (99.37%)        (0.63%)        (0.09%)       (29.73%)
 of the Company’s policy non-executive
 director tenure – Ms RM Majiedt

 Ordinary Resolution Number 5 –                    182 369 201        657 150       1 159 934   183 026 351
 Re-appointment and remuneration of                   (99.64%)        (0.36%)         (0.19%)      (29.63%)
 auditors

 Ordinary Resolution Number 6 –                    182 383 308        613 043       1 189 934   182 996 351
 Appointment of Audit Committee member                (99.66%)        (0.34%)         (0.19%)      (29.63%)
 – Mr R Mohamed

 Ordinary Resolution Number 7 –                    182 539 701        456 650       1 189 934   182 996 351
 Appointment of Audit Committee member                (99.75%)        (0.25%)         (0.19%)      (29.63%)
 – Ms BA Penny

 Ordinary resolution Number 8 -                    182 433 308        563 043       1 189 934   182 996 351
 Re-appointment of Audit Committee                    (99.69%)        (0.31%)         (0.19%)      (29.63%)
 member – Ms RM Majiedt

 Ordinary Resolution Number 9 –                    181 126 809      2 409 036         650 440   183 535 845
 Endorsement of Labat’s Remuneration                  (98.69%)        (1.31%)         (0.11%)      (29.63%)
 Policy

 Ordinary Resolution Number 10 –                   181 126 809      2 409 036         650 440   183 535 845
 Endorsement of the implementation of                 (98.69%)        (1.31%)         (0.11%)      (29.72%)
 Labat’s Remuneration Policy

 Ordinary Resolution Number 11 –                   182 324 010      1 345 228         517 047   183 669 238
 General authority to allot and issue shares          (99.27%)        (0.73%)         (0.08%)      (29.74%)
 for cash

 Special Resolution Number 1 – Authority to        179 799 624      3 839 614         547 047   183 639 238
 issue shares that may exceed 30% of the              (97.91%)        (2.09%)         (0.09%)      (29.73%)
 voting power of the current issued share
 capital

 Special Resolution Number 2 – Non-                180 477 922      3 161 316         547 047   183 639 238
 Executive Directors’ Remuneration                    (98.28%)        (1.72%)         (0.09%)      (29.73%)

 Special Resolution Number 3 – General             182 589 701      1 052 537         544 047   183 642 238
 authority to enter into funding agreements,          (99.43%)        (0.57%)         (0.09%)      (29.73%)
 provide loans or other financial assistance

 Special Resolution Number 4 – General             182 532 617      1 109 430         544 238   183 642 047
 authority to repurchase the Company’s                (99.40%)        (0.60%)         (0.09%)      (29.73%)
 securities


BY ORDER OF THE BOARD

Johannesburg
19 January 2023

Sponsor
AcaciaCap Advisors Proprietary Limited

Date: 19-01-2023 04:53:00
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