AFRICAN EQUITY EMPOWERMENT INVESTMENTS LIMITED - Results of the General Meeting

Results of the General Meeting

AFRICAN EQUITY EMPOWERMENT
INVESTMENTS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1996/006093/06)
Share code: AEE
ISIN: ZAE000195731
("AEEI" or "the Company")


RESULTS OF THE GENERAL MEETING


Shareholders are referred to the various announcements released on SENS, and to the
Circular distributed to Shareholders on 1 June 2023, regarding the unbundling of AEEI’s entire
shareholding in AYO to AEEI Shareholders (“Unbundling”), by way of a pro rata distribution
in specie in the ratio of 1 AYO Share for every 2.89 AEEI Shares held on the Unbundling
record date. Terms defined in the Circular shall, unless otherwise stated, bear the same
meaning in this announcement.

Shareholders are advised that, at the General Meeting held today, Friday, 30 June 2023, all
the resolutions as set out in the Notice of General Meeting were passed by the requisite
majority of Shareholders present and voting.

The number of Shares voted in person or by proxy was 430 339 075, representing 87,64% of
the total issued share capital of the same class of Shares.

The resolutions proposed at the General Meeting, together with the percentage of votes carried
for and against each resolution, as well as the percentage of Shares abstained, are set out
below:


                                           Percentage of
                                           votes carried    Percentage of      Percentage of
                                                 for the    votes against             Shares
Resolutions                                  resolution   the resolution          abstained
Special resolution number 1:
Approval of the Unbundling                      96,54%             3,46%              0,01%
 
Ordinary resolution number 1:
Authority granted to Directors and
Company Secretary                               96,54%             3,46%              0,01%


Board responsibility statement

The Independent Board accepts responsibility for the information contained in this
announcement. To the best of the Independent Board’s knowledge and belief, the information
contained herein is true and this announcement does not omit anything likely to affect the
importance of such information.


Cape Town
30 June 2023

Joint Sponsor
Vunani Sponsors

Joint Sponsor
Merchantec Capital

Date: 30-06-2023 05:00:00
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