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Report on proceedings at the annual general meeting
African Rainbow Capital Investments Limited
(Incorporated in the Republic of Mauritius
(Registration number C148430)
Share code: AIL
ISIN: MU0553S00000
("ARC Investments" or "the Company")
REPORT ON PROCEEDINGS AT THE ANNUAL GENERAL MEETING
At the fourth (4th) Annual General Meeting ("AGM") of the shareholders of ARC Investments held on Monday 15 November 2021, all the ordinary resolutions and the
one special resolution proposed at the AGM were approved by the requisite majority of votes. In this regard, the Company confirms the voting statistics from the AGM
as follows:
Number of votes (one vote per one A ordinary share)
Votes cast disclosed as a Number of Shares voted Shares abstained
percentage in relation to the total shares voted disclosed as a disclosed as a
number of shares voted at the percentage in percentage in
Resolutions meeting relation to the total relation to the total
issued shares* issued shares*
For Against
Ordinary resolution 1
Consideration and approval of the 100% 0.00% 1,016,144,923 77.11% 0.03%
Audited Annual Financial Statements
for the year ended 30th June 2021
Ordinary resolution 2
Election and re-election of Directors
2.1 Election and re-election of Mr C 100% 0.00% 1,016,153,023 77.11% 0.03%
Msipha as a Director
2.2 Election and re-election of Mr A 100% 0.00% 1,016,150,633 77.11% 0.03%
Currimjee as a Director
Ordinary Resolution 3
Election of members of the Audit
Committee
3.1 Election of Dr R Mokate as a 83.10% 16.90% 1,013,612,222 76.92% 0.23%
member of the Audit Committee
3.2 Election of Mr C Msipha as a 100% 0.00% 1,016,153,023 77.11% 0.03%
member of the Audit Committee
3.3 Election of Mr A Currimjee as a 100% 0.00% 1,016,150,633 77.11% 0.03%
member of the Audit Committee
3.4 Election of Ms S Bissonauth as a 81.52% 18.48% 1,013,571,532 76.92% 0.23%
member of the Audit Committee
Ordinary Resolution 4
Re-appointment of auditors
4.1 Re-appointment of 100% 0.00% 1,016,153,223 77.11% 0.03%
PricewaterhouseCoopers Inc. as an
auditor of the Company in South Africa
4.2 Re-appointment of 100% 0.00% 1,016,153,223 77.11% 0.03%
PricewaterhouseCoopers as an auditor
of the Company in Mauritius
Ordinary Resolution 5
General authority for directors to allot 99.45% 0.55% 1,016,153,023 77.11% 0.03%
and issue A-ordinary shares for cash
Ordinary Resolution 6
Non-binding advisory vote on the 99.98% 0.02% 1,016,268,489 77.12% 0.02%
Company’s remuneration policy
Ordinary Resolution 7
Non-binding advisory vote on the 99.98% 0.02% 1,016,268,489 77.12% 0.02%
Company’s remuneration
implementation report
Ordinary Resolution 8
Approval of remuneration payable to 99.98% 0.02% 1,016,281,099 77.12% 0.02%
non-executive directors
Special Resolution 1
Repurchase of Company’s shares 99.75% 0.25% 1,016,213,238 77.12% 0.03%
*Total issued shares is 1,317,774,987 A ordinary shares.
The above results of the AGM will be lodged with the Financial Services Commission in Mauritius on 17 November 2021.
Ebene, Mauritius (with simultaneous circulation in Johannesburg)
17 November 2021
For further information please contact:
Company Secretary
Intercontinental Trust Limited
Tel: +230 430 0800
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Tel: +27 11 282 8231
Date: 17-11-2021 07:30:00
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