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ADVTECH LIMITED - Results of GM

Release Date: 13/10/2015 11:53
Code(s): ADH     PDF:  
Wrap Text
Results of GM

ADvTECH Limited
(Incorporated in the Republic of South Africa)
(Registration number 1990/001119/06)
Share Code: ADH
ISIN: ZAE000031035
(“ADvTECH” or the “Company”)

NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES,
AUSTRALIA, CANADA, JAPAN OR ANY OTHER JURISDICTION IN RESPECT OF WHICH THE PUBLICATION, DISTRIBUTION OR
RELEASE, DIRECTLY OR INDIRECTLY, OF THIS ANNOUNCEMENT WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS
OF SUCH JURISDICTION OR IN RESPECT OF WHICH THE OFFERING CONTEMPLATED BY THIS ANNOUNCEMENT IS
UNLAWFUL. THIS ANNOUNCEMENT DOES NOT CONSTITUTE OR FORM PART OF ANY OFFER OR INVITATION TO PURCHASE,
OTHERWISE ACQUIRE, SUBSCRIBE FOR, SELL, OTHERWISE DISPOSE OF OR PURCHASE ANY SECURITY IN ANY JURISDICTION.

RESULTS OF GENERAL MEETING

1. Introduction

ADvTECH shareholders are referred to the announcement released on the Stock Exchange News Service
(“SENS”) of the JSE Limited on Friday, 11 September 2015 in terms of which notice was given regarding a
general meeting to be held on 13 October 2015 (“general meeting”) to approve the resolutions as contained in
the circular posted to shareholders on the same day (“circular”).

Shareholders are advised that, at the general meeting, all the ordinary and special resolutions as proposed in
the notice of general meeting, included in the circular, were approved by the requisite majority of ADvTECH
shareholders.

2. Results of general meeting

The total number of ADvTECH ordinary shares eligible to be voted at the general meeting was 455,203,761
(“eligible shares”). The number of ADvTECH ordinary shares voted in person or by proxy was 365,141,088
representing 80.21% of the eligible shares or 80.21% of the total issued share capital of the Company.

All resolutions proposed at the general meeting, together with the percentage of ADvTECH ordinary shares
abstained (as a percentage of total ADvTECH ordinary shares voted in person or by proxy at the general
meeting), as well as the percentage of votes carried for and against each resolution, are as follows:


Special resolution number 1: increase of authorised share capital.

FOR                                   AGAINST                              ABSTAIN
325,919,611                           39,213,933                           7,544
89.26%                                10.74%                               0.00%


Special resolution number 2: amendment to the Memorandum of Incorporation

FOR                                   AGAINST                              ABSTAIN
325,919,611                           39,213,933                           7,544
89.26%                                10.74%                               0.00%


Ordinary resolution number 1: placing of ADvTECH ordinary shares under the control of the Directors.
FOR                                   AGAINST                             ABSTAIN
325,919,611                           39,213,933                          7,544
89.26%                                10.74%                              0.00%

Ordinary resolution number 2: Directors’ authority to implement resolutions.

FOR                                   AGAINST                             ABSTAIN
325,919,611                           39,213,933                          7,544
89.26%                                10.74%                              0.00%


Johannesburg
13 October 2015

Financial advisor and transaction sponsor
Absa Bank Limited (acting through its Corporate and Investment Banking Division)

Legal adviser
Cliffe Dekker Hofmeyer

Sponsor
Bridge Capital Advisors Proprietary Limited

Date: 13/10/2015 11:53:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.

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