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 14 December 2018, shareholders are advised that at the
AGM of Labat held on 26 February 2019, 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                                          155 312 515
Total issued number of ordinary shares                                                        292 088 922
Percentage of ordinary shares represented at the meeting                                           53.17%

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 –                 155 032 395         200 000          80 120   155 232 395
Approval of Financial Statements                  (99.87%)          (0.13%         (0.05%)     (100.00%)

Ordinary Resolution Number 2 –                 154 982 395         250 000          80 120   155 232 395
Director appointment - Mr NS Mogapi               (99.84%)         (0.16%)         (0.05%)     (100.00%)

Ordinary Resolution Number 3 –                 154 982 395         250 000          80 120   155 232 395
Director appointment – Mr GRI Walters             (99.84%)         (0.16%)         (0.05%)     (100.00%)

Ordinary Resolution Number 4 –                 154 982 395         250 000          80 120   155 232 395
Director retirement and re-election – Ms          (99.84%)         (0.16%)         (0.05%)     (100.00%)
BA Penny

Ordinary Resolution Number 5 –                 154 982 395         250 000          80 120   155 232 395
Re-appointment and remuneration of                (99.84%)         (0.16%)         (0.05%)     (100.00%)
auditors

Ordinary Resolution Number 6 –                 154 982 395         250 000          80 120   155 232 395
Appointment of Audit Committee                    (99.84%)         (0.16%)         (0.05%)     (100.00%)
member – Mr R Mohamed

Ordinary Resolution Number 7 –                 154 982 395         250 000          80 120   155 232 395
Appointment of Audit Committee                    (99.84%)         (0.16%)         (0.05%)     (100.00%)
member – Ms BA Penny
 
Ordinary resolution Number 8 -                  154 982 395        250 000          80 120   155 232 395
Re-appointment of Audit Committee                  (99.84%)        (0.16%)         (0.05%)     (100.00%)
member – Ms RM Majiedt

Ordinary Resolution Number 9 –                  154 982 395        250 000          80 120   155 232 395
Endorsement of Labat’s Remuneration                (99.84%)        (0.16%)         (0.05%)     (100.00%)
Policy

Ordinary Resolution Number 10 –                 154 982 395        250 000          80 120   155 232 395
Endorsement of the implementation of               (99.84%)        (0.16%)         (0.05%)     (100.00%)
Labat’s Remuneration Policy

Ordinary Resolution Number 11 –                 154 582 395        250 000         480 120   154 832 395
General authority to allot and issue               (99.84%)        (0.16%)         (0.31%)     (100.00%)
shares for cash

Special resolution number 1 – Authority to      154 582 395        250 000         480 120   154 832 395
issue shares that may exceed 30% of the            (99.84%)        (0.16%)         (0.31%)     (100.00%)
voting power of the current issued share
capital

Special resolution Number 2 – Non-              154 982 395        250 000          80 120   155 232 395
Executive Director’s Remuneration                  (99.84%)        (0.16%)         (0.05%)     (100.00%)

Special resolution Number 3 – General           154 982 395        250 000          80 120   155 232 395
authority to enter into funding                    (99.84%)        (0.16%)         (0.05%)     (100.00%)
agreements, provide loans or other
financial assistance

Special resolution Number 4 – General           154 982 395        250 000          80 120   155 232 395
authority to repurchase the Company’s              (99.84%)        (0.16%)         (0.05%)     (100.00%)
securities


By order of the board.

Johannesburg
27 February 2019

Sponsor
Arbor Capital Sponsors Proprietary Limited

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