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Results of the annual general meeting of Altron held on 31 July 2025 and change to the board
ALTRON LIMITED
(Registration number 1947/024583/06)
(Incorporated in the Republic of South Africa)
Share Code: AEL ISIN: ZAE000191342
("Altron" or "Company")
RESULTS OF THE ANNUAL GENERAL MEETING OF ALTRON HELD ON 31 JULY 2025 AND CHANGE TO THE BOARD
At the Annual General Meeting of shareholders of Altron held on Thursday, 31 July 2025 ("Meeting"), all the ordinary
and special resolutions proposed at the Meeting were approved by the requisite majority of votes.
In this regard, Altron confirms the voting statistics, as follows:-
Total number of shares in issue (total issued share capital) 412 330 395 100%
Treasury shares (excluded from voting) on all resolutions 30 837 778 7.48%
Total number of shares that could be voted at the Meeting ("votable shares") 381 492 617 100%
Total number of shares present/presented including proxies at the Meeting
as a % of the votable shares 343 903 975 90%
Total number of shares present/represented including proxies at the Meeting
as a % of the total issued share capital 343 903 975 83%
Total number of members present in person 19
Votes
Votes in Against in Abstentions
Favour in relation to in relation Shares voted
relation to the total to the total in relation to
the total number of issued the total
number of shares share issued share
Resolutions Proposed shares voted voted capital capital
Ordinary resolution number 1.1:
265 595 851 78 245 061 63 063 343 840 912
Re-election of Mr. Grant Gelink as a Non-
Executive Director of the Company 77.24% 22.76% 0.02% 83.39%
Ordinary resolution number 1.2:
343 685 224 155 646 63 105 343 840 870
Re-election of Dr. Phumla Mnganga as a Non-
Executive Director of the Company 99.95% 0.05% 0.02% 83.39%
Ordinary resolution number 1.3:
343 497 936 342 976 63 063 343 840 912
Re-election of Mr. Tapiwa Ngara as a Non-
Executive Director of the Company 99.90% 0.10% 0.02% 83.39%
Ordinary resolution number 1.4:
343 689 354 151 558 63 063 343 840 912
Re-election of Mr. Brett Dawson as a Non-
Executive Director of the Company 99.96% 0.04% 0.02% 83.39%
Ordinary resolution number 2.1:
343 835 014 5 898 63 063 343 840 912
Election of Ms. Sharoda Rapeti to the Social,
Ethics and Sustainability Committee 100% 0.00% 0.02% 83.39%
Ordinary resolution number 2.2:
343 790 330 50 540 63 105 343 840 870
Election of Dr. Phumla Mnganga to the Social,
Ethics and Sustainability Committee 99.99% 0.01% 0.02% 83.39%
Ordinary resolution number 2.3:
343 796 228 44 684 63 063 343 840 912
Election of Mr. Werner Kapp to the Social,
Ethics and Sustainability Committee 99.99% 0.01% 0.02% 83.39%
Ordinary resolution number 3: 343 835 384 5 528 63 063 343 840 912
Reappointment of the external auditor 100% 0.00% 0.02% 83.39%
Ordinary resolution number 4.1:
Election of Mr. Grant Gelink as a member and
264 537 783 79 303 129 63 063 343 840 912
Chairman of the Altron Audit and Risk
Committee 76.94% 23.06% 0.02% 83.39%
Ordinary resolution number 4.2:
343 790 742 50 170 63 063 343 840 912
Election of Ms. Sharoda Rapeti as a member of
the Altron Audit and Risk Committee. 99.99% 0.01% 0.02% 83.39%
Ordinary resolution number 4.3:
343 840 870 - 63 105 343 840 870
Election of Mr. Grigoris Kouteris as a member of
the Altron Audit and Risk Committee. 100% 0.00% 0.02% 83.39%
Ordinary resolution number 5:
246 900 131 96 940 781 63 063 343 840 912
General authority to directors to allot and issue
authorised, but unissued A ordinary shares 71.81% 28.19% 0.02% 83.39%
Ordinary resolution number 6.1:
272 443 346 71 397 566 63 063 343 840 912
Endorsement of the Altron Group
Remuneration Policy 79.24% 20.76% 0.02% 83.39%
Ordinary resolution number 6.2:
289 547 596 54 293 316 63 063 343 840 912
Endorsement of the Implementation
Report 84.21% 15.79% 0.02% 83.39%
Special resolution number 1.1:
343 834 426 6 486 63 063 343 840 912
Remuneration of the Independent Non-
Executive Board Chairman 100% 0.00% 0.02% 83.39%
Special resolution number 1.2:
342 583 483 1 257 429 63 063 343 840 912
Remuneration of the Non-Executive Board
Members 99.63% 0.37% 0.02% 83.39%
Special resolution numbers 2.1:
343 834 426 6 486 63 063 343 840 912
Remuneration payable to the Altron Audit and
Risk Committee Chair 100% 0.00% 0.02% 83.39%
Special resolution numbers 2.2:
343 834 384 6 486 63 105 343 840 870
Remuneration payable to an Altron Audit and
Risk Committee Member 100% 0.00% 0.02% 83.39%
Special resolution numbers 2.3:
Remuneration payable to the Altron
343 834 426 6 486 63 063 343 840 912
Remuneration and Nominations Committee
Chair 100% 0.00% 0.02% 83.39%
Special resolution numbers 2.4:
Remuneration payable to an Altron
343 834 426 6 486 63 063 343 840 912
Remuneration and Nominations Committee
Member 100% 0.00% 0.02% 83.39%
Special resolution numbers 2.5:
343 834 014 6 856 63 105 343 840 870
Remuneration payable to the Altron Social,
Ethics and Sustainability Committee Chair 100% 0.00% 0.02% 83.39%
Special resolution numbers 2.6:
343 834 014 6 856 63 105 343 840 870
Remuneration payable to an Altron Social,
Ethics and Sustainability Committee Member 100% 0.00% 0.02% 83.39%
Special resolution numbers 2.7:
343 834 384 6 486 63 105 343 840 870
Remuneration payable to the Altron Investment
Committee Chair 100% 0.00% 0.02% 83.39%
Special resolution numbers 2.8:
343 834 426 6 486 63 063 343 840 912
Remuneration payable to an Altron Investment
Committee Member 100% 0.00% 0.02% 83.39%
Special resolution number 3:
339 891 763 3 949 149 63 063 343 840 912
General authority to provide financial assistance
to related or inter-related companies 98.85% 1.15% 0.02% 83.39%
CHANGE TO THE BOARD
In accordance with the JSE Listings Requirements, shareholders are hereby advised that Ms. Alupheli ("Alu") Sithebe
has resigned as an Independent Non-Executive Director and, consequently, as a member of the Altron Audit and Risk
Committee and the Altron Social, Ethics and Sustainability Committee, with effect from 31 July 2025.
Alu has decided to step down from the Board to focus on her growing business interests.
The Board extends its sincere appreciation to Alu for her valued contribution and dedicated service to the Altron
Board and wishes her well in her future endeavours.
Johannesburg
1 August 2025
JSE Equity Sponsor
Investec Bank Limited
Date: 01-08-2025 07:15:00
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