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Results of Annual General Meeting
AVENG LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1944/018119/06)
ISIN: ZAE000111829
SHARE CODE: AEG
("Aveng" or "the Group")
RESULTS OF ANNUAL GENERAL MEETING
Shareholders are advised that at the annual general meeting held on Wednesday, 10 November
2021, the requisite majority of shareholders approved all of the ordinary and special resolutions.
There were 62,263,682,418 ordinary voteable shares in issue and 2,477,989,637 A-Class shares
in issue as at the date of the annual general meeting.
The total number of ordinary shares present/represented, including proxies, at the meeting was
38,507,276,570 being 61,85% of the ordinary shares in issue and 2,477,989,637 being 100% of
the A-Class shares in issue.
The results of the ordinary and special resolutions in respect of ordinary shareholders were as
follows:
1. Ordinary resolution 1.1: Election of director – Mr Bradley Meyer
For Against Abstain Shares voted
35,936,344,890 6,015,503 84,898,489 35,942,360,393
99.98% 0.02% 0.14% [note 1] 57.73%
2. Ordinary resolution 2.1: Re-election of director - Mr Sean Flanagan
For Against Abstain Shares voted
35,951,340,317 2,004,717 73,913,848 35,953,345,034
99.99% 0.01% 0.11% [note 1] 57.74%
3. Ordinary resolution 2.2: Re-election of director – Mr Michael Kilbride
For Against Abstain Shares voted
31,378,488,764 4,564,417,315 84,352,803 35,942,906,079
87.30% 12.70% 0.14% [note 1] 57.73%
4. Ordinary resolution 2.3: Re-election of director – Ms May Hermanus
For Against Abstain Shares voted
31,267,072,627 4,684,370,473 75,815,782 35,951,443,100
86.97% 13.03% 0.12% [note 1] 57.74%
5. Ordinary Resolution 3.1: Election of audit committee member - Ms Bridgette Modise
For Against Abstain Shares voted
83,791,504 35,943,467,378
35,938,643,751 4,823,627
99.99% 0.01% 0.13% [note 1] 57.73%
6. Ordinary resolution 3.2: Election of audit committee member – Mr Bradley Meyer
For Against Abstain Shares voted
35,935,070,473 7,651,305 84,537,104 35,942,721,778
99.98% 0.02% 0.14% [note 1] 57.73%
7. Ordinary Resolution 3.3: Election of audit committee member – Mr Mike Kilbride
For Against Abstain Shares voted
31,339,470,447 4,603,714,331 84,074,104 35,943,184,778
87.19% 12.81% 0.14% [note 1] 57.74%
8. Ordinary resolution 4: Appointment of external auditors
For Against Abstain Shares voted
35,939,493,514 13,804,452 73,960,916 35,953,297,966
99.96% 0.04% 0.11% [note 1] 57.74%
9. Ordinary resolution 5: Approval of remuneration policy
For Against Abstain Shares voted
35,743,978,681 148,646,972 134,330,258 35,892,625,653
99.59% 0.41% 0.22% [note 1] 57.65%
10. Ordinary resolution 6: Approval of remuneration report
For Against Abstain Shares voted
35,842,084,007 53,276,193 131,595,711 35,895,360,200
99.85% 0.15% 0.21% [note 1] 57.65%
11. Ordinary resolution 7: Adoption of the Aveng Limited Long-Term Incentive Plan (LTIP 2022)
For Against Abstain Shares voted
35,803,502,976 150,531,506 72,921,429 35,954,034,482
99.58% 0.42% 0.12% [note 1] 57.74%
12. Special resolution 1: Consolidation of authorised and issued ordinary share capital of the Company
For Against Abstain Shares voted
35,866,525,907 96,356,779 64,073,225 35,962,882,686
99.73% 0.27% 0.10% [note 1] 57.74%
13. Special resolution 3: Amendment of memorandum of incorporation
For Against Abstain Shares voted
35,847,863,555 82,401,427 96,070,410 35,930,264,982
99.77% 0.23% 0.15% [note 1] 57.71%
14. Special resolution 4: General authority to repurchase shares
For Against Abstain Shares voted
35,905,672,173 48,013,145 73,270,593 35,953,685,318
99.87% 0.13% 0.12% [note 1] 57.74%
15. Special resolution 5: Non-executive directors’ remuneration
For Against Abstain Shares voted
32,564,601,149 264,606,255 3,197,748,507 32,829,207,404
99.19% 0.81% 4.94% [note 1] 52.73%
16. Special resolution 6: Financial assistance to related and inter-related companies
For Against Abstain Shares voted
35,748,035,530 185,750,970 93,169,411 35,933,786,500
99.48% 0.52% 0.15% [note 1] 57.71%
17. Special resolution 7: Approvals for the implementation of the LTIP 2022
For Against Abstain Shares voted
35,868,255,642 68,981,810 89,718,459 35,937,237,452
99.81% 0.19% 0.14% [note 1] 57.72%
18. Ordinary resolution 8: Signing authority
For Against Abstain Shares voted
35,935,681,632 6,952,808 84,321,471 35,942,634,440
99.98% 0.02% 0.13% [note 1] 57.73%
.
The voting result of the special resolution for the A-Class shares is as follows:
19. Special resolution 2: Consolidation of authorised and issued A-Class share capital of the Company
For Against Abstain Shares voted
2,477,989,637 0 0 2,477,989,637
100.00% 0.00% 0.00% [note 1] 100.00%
[Note 1] Disclosed as a percentage of the voteable shares
10 November 2021
Melrose Arch
JSE Sponsor
UBS South Africa Proprietary Limited
Edinah Mandizha
Company Secretary
Tel: 011 779 2800
Email: info@avenggroup.com
Date: 10-11-2021 04:01:00
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