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Report on proceedings at the Annual General Meeting
AECI LIMITED
Incorporated in the Republic of South Africa
(Registration Number 1924/002590/06)
Share code: AFE
ISIN: ZAE000000220
(“AECI” or “the Company”)
REPORT ON PROCEEDINGS AT THE ANNUAL GENERAL MEETING
At the 91st annual general meeting (“AGM”) of the shareholders of AECI held today, 1 June 2015, all the ordinary and special resolutions proposed at
the meeting were approved by the requisite majority of votes. In this regard, the Company confirms the voting statistics from the AGM as follows:
Votes carried as a Shares
percentage of the total Shares voted as a abstained as a
number of shares voted percentage of the percentage of
at the meeting Number of shares total issued share the total issued
Resolutions voted capital* share capital*
For Against
Ordinary resolution No. 1: Adoption of annual
100,00000 0,00000 114 790 527 82,9657 0,04595
financial statements
Ordinary resolution No.2: Reappointment of
100,00000 0,00000 114 850 105 83,0087 0,00289
independent auditors
Ordinary resolution No. 3.1: Re-election of Non-
100,00000 0,00000 114 850 105 83,0087 0,00289
executive Directors – Mr S Engelbrecht
Ordinary resolution No. 3.2: Re-election of Non-
99,92623 0,07377 114 455 869 82,7238 0,28783
executive Directors – Ms LL Mda
Ordinary resolution No. 3.3: Re-election of Non-
99,92623 0,07377 114 455 869 82,7238 0,28783
executive Directors – Mr LM Nyhonyha
Ordinary resolution No.4: Appointment of Director 100,00000 0,00000 114 455 869 82,7238 0,28783
Ordinary resolution No. 5: Re-election of Executive
100,00000 0,00000 114 850 105 83,0087 0,00289
Director
Ordinary resolution No. 6.1: Election of Audit
100,00000 0,00000 114 850 105 83,0087 0,00289
Committee members – Mr RMW Dunne
Ordinary resolution No. 6.2: Election of Audit
100,00000 0,00000 114 850 105 83,0087 0,00289
Committee members – Mr RL Hiemstra
Ordinary resolution No. 6.3: Election of Audit
100,00000 0,00000 114 850 105 83,0087 0,00289
Committee members – Mr AJ Morgan
Ordinary resolution No. 6.4: Election of Audit
100,00000 0,00000 114 455 869 82,7238 0,28783
Committee members – Mr LM Nyhonyha
Ordinary resolution No. 7: Remuneration policy 76,37937 23,62021 114 006 069 82,3987 0,61292
Special resolution No. 1.1: Directors’ fees – Board:
99,94921 0,05079 114 850 105 83,0087% 0,00289
Chairman
Special resolution No. 1.2: Directors’ fees – Board:
100,00000 0,00000 114 850 105 83,0087% 0,00289
Non-executive Directors
Special resolution No. 1.3: Directors’ fees – Audit
100,00000 0,00000 114 850 105 83,0087% 0,00289
Committee: Chairman
Special resolution No. 1.4: Directors’ fees – Audit
100,00000 0,00000 114 850 105 83,0087 0,00289
Committee: Members
Special resolution No. 1.5: Directors’ fees – Other
100,00000 0,00000 114 850 105 83,0087 0,00289
Board Committees: Chairman
Special resolution No. 1.6: Directors’ fees – Other
100,00000 0,00000 114 850 105 83,0087 0,00289
Board Committees: Members
Special resolution No. 1.7: Directors’ fees –
100,00000 0,00000 114 850 105 83,0087 0,00289
Subsidiaries’ FRRC: Chairman
Special resolution No. 1.8: Directors’ fees –
100,00000 0,00000 114 850 105 83,0087 0,00289
Subsidiaries’ FRRC: Non-executive members
Special resolution No. 1.9: Directors’ fees –
100,00000 0,00000 114 850 105 83,0087 0,00289
Meeting attendance fee
Special resolution No. 1.10: Directors’ fees – Ad
86,57112 13,42888 114 839 079 83,0087 0,01086
hoc service fee
Special resolution No. 2: General authority to
99,97818 0,02182 114 842 075 83,0029 0,00869
repurchase shares
Special resolution No. 3: Financial assistance to
100,00000 0,00000 114 850 105 83,0087 0,00289
related or inter-related company
*Total issued share capital is 138 359 091, comprising 128 241 140 listed ordinary shares and 10 117 951 unlisted redeemable convertible B ordinary
shares.
The special resolutions will, where necessary, be lodged for registration with the Companies and Intellectual Property Commission in due course.
Woodmead, Sandton
1 June 2015
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
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