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Results of the Annual General Meeting of Altron held on 27 July 2023
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 27 JULY 2023
Shareholders are advised that the results of the business conducted at the Altron Annual General
(“AGM”) meeting held through electronic communication on Thursday, 27 July 2023 are as follows:
Total number of shares that can be exercised at the meeting 100% 378 517 983
Total number of shares present/represented including proxies 88% 334 126 914
at the meeting as percentage (%) of voteable shares
Total number of shares present/represented including proxies 81% 334 126 914
at the meeting as percentage (%) of issued shares
Total number of members present in person - 19
Issued A Ordinary shares 100% 410 805 451
Annual Financial Statements:
The Annual Financial Statements of the Company, incorporating the Directors’ report, Audit and Risk
Committee report, together with the report from the external auditors, Pricewaterhouse Coopers Inc.
(“PwC”), were presented to shareholders.
Details of the results of voting at the AGM are as follows:
Resolutions Proposed Votes cast Number of Shares voted Shares
disclosed as a Shares voted disclosed as abstained
percentage of the a percentage disclosed as
total number of of the total a percentage
shares voted at voteable of the total
the meeting shares issued
For Against shares*
Ordinary resolution 99,14% 0,86% 334 113 914 88,27% 0%
number 1.1:
Election of Mr. Werner
Gerhard Kapp as an
Executive Director of the
Company
Ordinary resolution 96,14% 3,86% 334 113 914 88,27% 0%
number 1.2:
Election of Mr. Tapiwa
Rugare Ngara as a Non-
Executive Director of the
Company
Ordinary resolution 98,86% 1,14% 334 113 914 88,27% 0%
number 1.3:
Election of Mr. Carel
Coenraad Snyman as an
Executive Director of the
Company
Resolutions Proposed Votes cast Number of Shares voted Shares
disclosed as a Shares voted disclosed as abstained
percentage of the a percentage disclosed as
total number of of the total a percentage
shares voted at voteable of the total
the meeting shares issued
For Against shares*
Ordinary resolution 96,13% 3,87% 334 113 914 88,27% 0%
number 2.1:
Re-Election of Mr. Brett
William Dawson as a Non-
Executive Director of the
Company
Ordinary resolution 96,12% 3,88% 334 113 914 88,27% 0%
number 2.2:
Re-Election of Mr. Antony
Ball as a Non-Executive
Director of the Company
Ordinary resolution 100.00% 0% 334 113 914 88,27% 0%
number 3:
Re-appointment of external
auditor
Ordinary resolution 92,30% 7,70% 334 113 914 88,27% 0%
number 4.1: Election of Mr.
Grant Glenn Gelink as a
member and Chairman of
the Altron Audit and Risk
Committee
Ordinary resolution 100.00% 0% 334 113 914 88,27% 0%
number 4.2: Election of Ms.
Alupheli Kwanele Sithebe
as a member of the Altron
Audit and Risk Committee.
Ordinary resolution 97,40% 2,60% 330 996 312 87,45% 0,76%
number 4.3: Election of Ms.
Sharoda Rapeti as a
member of the Altron Audit
and Risk Committee.
Ordinary resolution 84,03% 15,97% 334 113 914 88,27% 0%
number 5: Endorsement of
Altron Group Remuneration
Policy
Ordinary resolution 83,89% 16,11% 334 113 914 88,27% 0%
number 6: Endorsement of
Implementation of Altron
Group Remuneration Policy
Ordinary resolution 72,05% 27,95% 334 113 914 88,27% 0%
number 7: General
authority to Directors to allot
and issue authorised but
unissued A ordinary shares
Resolutions Proposed Votes cast Number of Shares voted Shares
disclosed as a Shares voted disclosed as abstained
percentage of the a percentage disclosed as
total number of of the total a percentage
shares voted at voteable of the total
the meeting shares issued
For Against shares*
Ordinary resolution 100.00% 0% 334 113 914 88,27% 0%
number 8: Authority to
implement resolutions
passed at the AGM
Special resolution 99,61% 0,39% 334 113 914 88,27% 0%
number 1: Remuneration of
independent Non-Executive
Chairman
Special resolution 99,97% 0,03% 334 113 914 88,27% 0%
number 2: Remuneration of
Non-Executive Directors
Special resolution 99,98% 0,02% 334 113 914 88,27% 0%
number 3.1: Remuneration
payable to
Non-Executive Directors
participating in statutory and
board committees -
Altron Audit and Risk
Committee Chair
Special resolution 99,98% 0,02% 334 113 914 88,27% 0%
number 3.2: Remuneration
payable to
Non-Executive Directors
participating in statutory and
board committees -
Altron Audit and Risk
Committee Member
Special resolution 99,98% 0,02% 334 113 914 88,27% 0%
number 3.3: Remuneration
payable to
Non-Executive Directors
participating in statutory and
board committees -
Altron Remuneration
Committee Chair
Special resolution 99,98% 0,02% 334 113 914 88,27% 0%
number 3.4: Remuneration
payable to
Non-Executive Directors
participating in statutory and
board committees -
Altron Remuneration
Committee Member
Resolutions Proposed Votes cast Number of Shares voted Shares
disclosed as a Shares voted disclosed as abstained
percentage of the a percentage disclosed as
total number of of the total a percentage
shares voted at voteable of the total
the meeting shares issued
For Against shares*
Special resolution 99,98% 0,02% 333 870 257 88,20% 0,06%
number 3.5: Remuneration
payable to
non-executive directors
participating in statutory and
board committees -
Altron Social, Ethics and
Sustainability Committee
Chair
Special resolution 99,98% 0,02% 333 870 257 88,20% 0,06%
number 3.6: Remuneration
payable to
Non-Executive Directors
participating in statutory and
board committees -
Altron Social, Ethics and
Sustainability Committee
Member
Special resolution 99,98% 0,02% 333 870 257 88,20% 0,06%
number 3.7: Remuneration
payable to
Non-Executive Directors
participating in statutory and
board committees -
Altron Nomination
Committee Chair
Special resolution 99,98% 0,02% 333 870 257 88,20% 0,06%
number 3.8: Remuneration
payable to
Non-Executive Directors
participating in statutory and
board committees -
Altron Nomination
Committee Member
Special resolution 99,98% 0,02% 333 870 257 88,20% 0,06%
number 3.9: Remuneration
payable to
Non-Executive Directors
participating in statutory and
board committees -
Altron Investment
Committee Chair
Special resolution 99,98% 0,02% 333 870 257 88,20% 0,06%
number 3.10:
Remuneration payable to
Resolutions Proposed Votes cast Number of Shares voted Shares
disclosed as a Shares voted disclosed as abstained
percentage of the a percentage disclosed as
total number of of the total a percentage
shares voted at voteable of the total
the meeting shares issued
For Against shares*
non-executive directors
participating in statutory and
board committees -
Altron Investment
Committee Member
Special resolution 100.00% 0% 333 870 257 88,20% 0,06%
number 4: General
authority to provide financial
assistance to related or
inter-related companies
*Abstentions are represented as a percentage of total issued ordinary shares
Accordingly, all the resolutions as set out in the notice of annual general meeting, were passed by the
requisite majority of votes. The special resolutions will, to the extent necessary, be filed and registered
with the Companies and Intellectual Property Commission.
CHANGE IN DESIGNATED INDIVIDUAL AUDITOR
Shareholders are advised that as a result of the requirements of audit partner rotation, Mr. Kali Joseph
Dikana has been appointed as the new designated individual auditor partner, replacing Ms. Alinah
MaQueen Motaung. In line with the approval by shareholders of ordinary resolution number 3 providing
for the re-appointment of PwC as the Company’s external auditors. Mr. Dikana’s appointment as the
designated individual auditor will take effect immediately.
Johannesburg
27 July 2023
Sponsor
Investec Bank Limited
Date: 27-07-2023 05:00:00
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