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 9 April 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 29 February 2020, the voting information is as follows:

Number of ordinary shares represented at the meeting                                  159 78 3178
Total issued number of ordinary shares                                                331 515 547
Percentage of ordinary shares represented at the meeting                                   59.56%

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 –            159 447 316              0       335 862     159 447 316
 Presentation and acceptance of                   100%             0%         0.13%          59.44%
 annual financial statements

 Ordinary Resolution Number 2 –            159 447 316         10 000       325 862     159 457 316
 Director retirement and re-election: CT        99.99%          0.01%         0.12%          59.44%
 Vorster

 Ordinary Resolution Number 3 –            159 447 316              0       335 862     159 447 316
 Re-appointment and remuneration of               100%             0%         0.13%          59.44%
 auditors

 Ordinary Resolution Number 4 –            159 447 316         10 000       325 862     159 457 316
 Re-appointment of Audit and Risk               99.99%          0.01%         0.12%          59.44%
 Committee member: CT Vorster

 Ordinary Resolution Number 5 –            159 447 316              0       335 862     159 447 316
 Appointment of Audit and Risk                    100%             0%         0.13%          59.44%
 Committee member: LT Matlholwa

 Ordinary Resolution Number 6 –            159 447 316              0       335 862     159 447 316
 Appointment of Audit and Risk                    100%             0%         0.13%          59.44%
 Committee member: RR Richards

 Ordinary resolution Number 7 -            159 447 316              0       335 862     159 447 316
 Endorsement of Visual’s Remuneration             100%             0%         0.13%          59.44%
 Policy
 
 Ordinary Resolution Number 8 –            159 427 316         20 000       335 862     159 447 316
 Endorsement of the implementation of           99.99%          0.01%         0.13%          59.44%
 Visual’s Remuneration Policy

 Special Resolution Number 1 –             159 447 316              0       335 862     159 447 316
 General authority to allot and issue             100%             0%         0.13%          59.44%
 shares for cash

 Special Resolution Number 2 –             159 176 116         56 200       550 862     159 232 316
 Authority to issue shares, securities          99.96%          0.04%         0.21%          59.36%
 convertible into shares or rights that
 may exceed 30% of the voting power
 of the current issued share capital

 Special Resolution Number 3 –             159 232 316        225 000       325 862     159 457 316
 Non-executive directors’ remuneration          99.86%          0.14%         0.12%          59.44%

 Special Resolution Number 4 –             159 252 316        195 000       335 862     159 447 316
 General authority to provide financial         99.88%          0.12%         0.13%          59.44%
 assistance for the subscription and/or
 purchase of securities in the company
 or in related or inter-related
 companies

 Special resolution number 5 – General     159 252 316        195 000       335 862     159 447 316
 authority to provide financial                 99.88%          0.12%         0.13%          59.44%
 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 04:50:00
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