VISUAL INTERNATIONAL HOLDINGS LIMITED - Results of Annual General Meeting ("AGM")

Results of Annual General Meeting ("AGM")

VISUAL INTERNATIONAL HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2006/030975/06)
ISIN code: ZAE000187407       Share code: VIS
(“the Company”)


RESULTS OF ANNUAL GENERAL MEETING (“AGM”)


Further to the announcement released on SENS on 29 March 2021, shareholders are advised that
at the AGM of Visual held on 27 May 2021, convened in terms of the notice of AGM contained in
the Annual Report for the year ended 28 February 2019, the voting information is as follows:

Number of ordinary shares represented at the meeting                                 159 121 220
Total issued number of ordinary shares                                               331 515 547
Percentage of ordinary shares represented at the meeting                                  59.31%

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      abstentions)
                                                                          capital)
 Ordinary Resolution Number 1 –            159 101 220             0        20 000      159 101 220
 Presentation and acceptance of                100.00%            0%         0.01%           59.31%
 annual financial statements

 Ordinary Resolution Number 2 –            159 101 220         10 000       10 000      159 111 220
 Director retirement and re-election: LT        99.99%          0.01%        0.00%           59.31%
 Matlholwa

 Ordinary Resolution Number 3 –            159 101 220             0        20 000      159 101 220
 Re-appointment and remuneration of           100.00%             0%         0.01%           59.31%
 auditors

 Ordinary Resolution Number 4 –            159 101 220             0        20 000      159 101 220
 Re-appointment of Audit and Risk             100.00%             0%         0.01%           59.31%
 Committee member: CT Vorster

 Ordinary Resolution Number 5 –            159 101 220         10 000       10 000      159 111 220
 Appointment of Audit and Risk                  99.99%          0.01%        0.00%           59.31%
 Committee member: LT Matlholwa

 Ordinary Resolution Number 6 –            159 101 220             0        20 000      159 101 220
 Appointment of Audit and Risk                100.00%             0%         0.01%           59.31%
 Committee member: RR Richards

 Ordinary resolution Number 7 -            159 101 220             0        20 000      159 101 220
 Endorsement of Visual’s Remuneration         100.00%             0%         0.01%           59.31%
 Policy
 
 Ordinary Resolution Number 8 –            159 081 220        20 000        20 000      159 101 220
 Endorsement of the implementation of           99.99%         0.01%         0.01%           59.31%
 Visual’s Remuneration Policy

 Special Resolution Number 1 –             159 101 220             0        20 000      159 101 220
 General authority to allot and issue          100.00%            0%         0.01%           59.31%
 shares for cash

 Special Resolution Number 2 –             159 081 220             0        40 000      159 081 220
 Authority to issue shares, securities         100.00%            0%         0.01%           59.30%
 convertible into shares or rights that
 may exceed 30% of the voting power
 of the current issued share capital

 Special Resolution Number 3 –             159 081 220        30 000        10 000      159 111 220
 Non-executive directors’ remuneration          99.98%         0.02%         0.00%           59.31%

 Special Resolution Number 4 –             159 101 220             0        20 000      159 101 220
 General authority to provide financial        100.00%            0%         0.01%           59.31%
 assistance for the subscription and/or
 purchase of securities in the company
 or in related or inter-related
 companies

 Special resolution number 5 – General     159 101 220             0        20 000      159 101 220
 authority to provide financial                100.00%            0%         0.01%           59.31%
 assistance to related and inter-related
 companies and corporations


By order of the board.

CAPE TOWN
28 May 2021

Designated Advisor
AcaciaCap Advisors Proprietary Limited

Date: 28-05-2021 04:30:00
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