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MIX TELEMATICS LIMITED - Results of general meeting

Release Date: 01/08/2016 17:45
Code(s): MIX     PDF:  
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Results of general meeting

MIX TELEMATICS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1995/013858/06)
JSE share code: MIX ISIN: ZAE000125316
NYSE share code: MIXT
 (“MiX” or the “company”)


RESULTS OF GENERAL MEETING


Shareholders are referred to the announcement released on SENS on 14 June 2016 wherein shareholders were advised that MiX
had posted a circular, together with a notice convening a general meeting, to shareholders relating to the proposed specific
repurchase of shares by MiX from Imperial Corporate Services Proprietary Limited.

Shareholders are advised that at the general meeting of MiX shareholders, held on Monday, 1 August 2016, all of the resolutions
tabled thereat were passed by the requisite majority of shareholders.

Details of the results of the general meeting are as follows:

-        total number of MiX shares in respect of which the votes could be taken into consideration for voting purposes in respect
         of:

         -      special resolution 1: 562 259 240;

         -      special resolution 2, 3 and ordinary resolution 1: 763 087 500;

-        total number MiX shares that were present/represented at the general meeting: 530 218 445 (being 69% of the total number
         of shares that could have been voted at the meeting).

    Special resolution 1 – Approval of the repurchase

    Shares voted*                 For                                Against                            Abstentions
    529 157 070                   529 067 120, being 99.98300%       89 950, being 0.01700%             1 061 375, being 0.001888%

    Special resolution 2 – Revocation of special resolution 1 in terms of section 164(9)(c) of the Companies Act 71 of 2008 if the
    share repurchase agreement does not become unconditional and dissenting shareholders have exercised appraisal rights under
    section 164 of the Companies Act

    Shares voted*                 For                                Against                            Abstentions
    529 745 695                   529 563 420, being 99.96559%       182 275, being 0.03441%            472 750, being 0.00062%

    Special resolution 3 – Provision of financial assistance to MiX subsidiary

    Shares voted*                 For                                Against                            Abstentions
    529 841 595                   529 563 420, being 99.94750%       278 175, being 0.05250%            376 850, being 0.000494%

    Ordinary resolution 1 – General authority

    Shares voted*                 For                                   Against                            Abstentions
    529 850 345                   529 658 645, being 99.96382%          191 700, being 0.03618%            368 100, being 0.000482%
    * shares excluding abstentions

The repurchase remains subject to the fulfilment, or waiver, as the case may be, of the following conditions precedent:

-       The provisions of section 115(3) of the Companies Act 71 of 2008 as it relates to court approval being required if the
        resolutions authorizing the repurchase are voted against by at least 15% of shareholders and these shareholders seek relief
        via the court, if applicable and where timeously invoked, as further set out in the circular posted to the company’s
        shareholders in June 2016;

-       The provisions of section 164(5) of the Companies Act 71 of 2008 as it relates to dissenting shareholders if applicable and
        where timeously invoked, as further set out in the circular posted to the company’s shareholders in June 2016; and

-       The company obtaining the necessary compliance certificate from the Takeover Regulation Panel (“TRP”) in respect of the
        repurchase in terms of the Companies Act 71 of 2008.

1 August 2016


JSE sponsor
Java Capital

Date: 01/08/2016 05:45:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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