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ASTRAL FOODS LIMITED - Results of AGM

Release Date: 11/02/2016 16:15
Code(s): ARL     PDF:  
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Results of AGM

ASTRAL FOODS LIMITED
“Astral Foods”
(Reg. No. 1978/003194/06)
(Incorporated in the Republic of South Africa)
Share Code: ARL
ISIN Code: ZAE000029757

RESULTS OF ANNUAL GENERAL MEETING – THURSDAY 11 FEBRUARY 2016

The annual general meeting of Astral Foods was held today,
Thursday, 11 February 2016.   All the ordinary and special
resolutions as set out in the notice of annual general meeting
to shareholders dated 11 November 2015, were approved by the
requisite majority of shareholders.

The detailed results of the voting are as follows:

The total number of ordinary shares in issue at the date of the
meeting: 42 772 885 shares.

ORDINARY BUSINESS

   1. Ordinary resolution number 1: To adopt the annual financial statements
      for the year ended 30 September 2016
      For:              Against:           Shares voted:    Abstain:
      29 453 331        1 000              29 454 331       64.697
      99.997%           0.003%             68.862%          0.212%

   2. Ordinary resolution number 2: To re-elect Mr. D J Fouché as director
      For:              Against:          Shares voted:     Abstain:
      29 517 808        1 000             29 518 808        220
      99.997%           0.003%            69.013%           0.0007%

   3. Ordinary resolution number 3.1: To re-elect Mrs. T M Shabangu as
      director
      For:              Against:          Shares voted:     Abstain:
      29 425 761        93 047            29 518 808        220
      99.685%           0.315%            69.013%           0.0007%

   4. Ordinary resolution number 3.2: To re-elect Mrs. T P Maumela as
      director
      For:              Against:          Shares voted:     Abstain:
      29 425 761        93 047            29 518 808        220
      99.685%           0.315%            69.013%           0.0007%

   5. Ordinary resolution number 4.1: To re-elect Mr. I S Fourie as member
      of the Audit and Risk Management Committee
      For:              Against:          Shares voted      Abstain:
      29 517 808        1 000             29 518 808        220
      99.998%           0.003%            69.013%           0.0007%
6.   Ordinary resolution number 4.2: To re-elect Mr. D J Fouché as member
     of the Audit and Risk Management Committee
     For:              Against:          Shares voted:     Abstain:
     29 517 803        1 005             26 518 808        220
     99.997%           0.003%            69.013%           0.0007%

 7. Ordinary resolution number 4.3: To re-elect Mrs. T M Shabangu as
    member of the Audit and Risk Management Committee
    For:              Against:          Shares voted:     Abstain:
    29 517 803        1 005             29 518 808        220
    99.997%           0.003%            69.013%           0.0007%

 8. Ordinary resolution number 5.1: To re-elect Mr. G D Arnold as member
    of the Social and Ethics Committee
    For:              Against:          Shares voted:     Abstain:
    29 517 808        1 000             29 518 808        220
    99.997%           0.003%            69.013%           0.0007%

 9. Ordinary resolution number 5.2: To   re-elect Mr. L W Hansen as member
    of the Social and Ethics Committee
    For:              Against:           Shares voted:     Abstain:
    99 513 583        5 225              29 518 808        220
    99.982%           0.018%             69.013%           0.0007%

 10.Ordinary resolution number 5.3: To re-elect Mrs. T P Maumela as member
    of the Social and Ethics Committee
    For:              Against:          Shares voted:     Abstain:
    29 517 808        1 000             29 518 808        220
    99.997%           0.003%            69.013%           0.0007%

 11. Ordinary resolution number 6: To re-appoint PricewaterhouseCoopers
     Inc. as auditors for the 2016 financial year
     For:             Against:          Shares voted:     Abstain:
     29 517 803       1 005             29 518 808        220
     99.997%          0.0034%           69.013%           0.0007%

 12. Ordinary resolution number 7: To confirm the authority of the Audit
     and Risk Management Committee to determine the remuneration of the
     auditors
    For:              Against:          Shares voted:     Abstain:
    29 517 808        1 000             29 518 808        220
    99.997%           0.003%            69.013%           0.0007%

 13. Ordinary resolution number 8: To endorse, through a non-binding
     advisory note, the company’s remuneration policy and its
     implementation
     For:             Against:          Shares voted:     Abstain:
     23 269 445       6 249 363         29 518 808        220
     78.829%          21.171%           69.013%           0.0007%

 14. Ordinary resolution number 9: To authorise any director or the
     Company Secretary to sign documentation necessary to implement the
     ordinary and special resolutions passed at the annual general meeting
     For:             Against:          Shares voted:     Abstain:
     29 475 475       43 333            29 518 808        220
     99.997%          0.147%            69.013%           0.0007%
SPECIAL BUSINESS

   15. Special resolution number 1: To approve the remuneration payable to
       non-executive chairman
       For:             Against:          Shares voted:     Abstain:
       29 505 365       1 005             29 506 370        12 658
       99.997%          0.003%            68.984%           0.0430%

   16. Special resolution number 2: To approve the remuneration payable to
       non-executive directors
       For:             Against:          Shares voted:     Abstain:
       29 503 375       2 995             29 506 370        12 658
       99.997%          0.010%            68.984%           0.0430%

   17. Special resolution number 3: To authorise the directors to approve
       actions related to transactions amounting to financial assistance
       For:             Against:          Shares voted:     Abstain:
       29 516 568       2 240             29 518 808        220
       99.992%          0.008%            69.013%           0.0007%


Pretoria
11 February 2016

Sponsor
JP Morgan Equities South Africa (Pty) Limited

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