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Results of Annual General Meeting
Afrimat Limited
Incorporated in the Republic of South Africa
(Registration number: 2006/022534/06)
Share code: AFT ISIN: ZAE000086302
(“Afrimat” or “the Company”)
RESULTS OF THE 2016 ANNUAL GENERAL MEETING AND BUSINESS UPDATE
Afrimat shareholders are advised that at the annual general meeting (“AGM”) of shareholders held on
Friday, 5 August 2016, all the ordinary and special resolutions as set out in the notice of AGM, were
approved by the requisite majority of shareholders present or represented by proxy.
The meeting was represented by 94 853 409 Afrimat shares voting in person or by proxy. This
represents 66.73% of the total issued share capital that can be exercised at the meeting.
All resolutions proposed at the AGM, together with the percentage of shares abstained (as a
percentage of total issued share capital that can be exercised of the Company), ordinary shares voted
(as a percentage of total issued share capital that can be exercised of the Company) as well as the
percentage of votes carried for and against each resolution (as a percentage of shares voted), are as
follows:
Ordinary resolution number 1: Adoption of the 2016 annual financial statements
For Against Abstain Shares voted
93,744,802 253,826 854,781 93,998,628
99.73% 0.27% 0.60% 100.00%
Ordinary resolution number 2: Issuing shares or other equity securities for cash
For Against Abstain Shares voted
86,488,148 6,841,626 1,523,635 93,329,774
92.67% 7.33% 1.07% 100.00%
Ordinary resolution number 3: To place unissued shares under the directors’ control
For Against Abstain Shares voted
85,955,355 7,480,088 1,417,966 93,435,443
91.99% 8.01% 1.00% 100.00%
Ordinary resolution number 4: Re-election of Mrs. Phuti RE Tsukudu as a director of the Company
For Against Abstain Shares voted
92,975,563 799,151 1,078,695 93,774,714
99.15% 0.85% 0.76% 100.00%
Ordinary resolution number 5: Re-election of Mr. Marthinus W von Wielligh as a director of the
Company
For Against Abstain Shares voted
90,898,378 1,022,919 2,932,111 91,921,298
98.89% 1.11% 2.06% 100.00%
Ordinary resolution number 6: Re-election of Mr. Pieter GS de Wit as a director of the Company
For Against Abstain Shares voted
88,031,129 4,282,554 2,539,726 92,313,683
95.36% 4.64% 1.79% 100.00%
Ordinary resolution number 7.1: Re-election of Mr. Loyiso Dotwana as a member of the Audit & Risk
Committee
For Against Abstain Shares voted
86,725,415 6,188,777 1,939,217 92,914,192
93.34% 6.66% 1.36% 100.00%
Ordinary resolution number 7.2: Re-election of Mrs. Phuti RE Tsukudu as a member of the Audit &
Risk Committee
For Against Abstain Shares voted
92,394,109 659,631 1,799,668 93,053,741
99.29% 0.71% 1.27% 100.00%
Ordinary resolution number 7.3: Re-election of Mr. Jacobus F van der Merwe as a member of the Audit
& Risk Committee
For Against Abstain Shares voted
91,697,358 734,104 2,421,947 92,431,462
99.21% 0.79% 1.70% 100.00%
Ordinary resolution number 7.4: Re-election of Mr. Hendrik JE van Wyk as a member of the Audit &
Risk Committee
For Against Abstain Shares voted
91,692,309 739,152 2,421,947 92,431,462
99.20% 0.80% 1.70% 100.00%
Ordinary resolution number 7.5: Re-election of Mr. Marthinus W von Wielligh as a member of the Audit
& Risk Committee
For Against Abstain Shares voted
88,878,375 3,071,200 2,903,834 91,949,575
96.66% 3.34% 2.04% 100.00%
Ordinary resolution number 8: To authorise the directors to re-appoint the auditor, Mazars together with
Mr. Duncan Dollman as the individual registered auditor and to fix their remuneration
For Against Abstain Shares voted
92,694,392 412,868 1,746,148 93,107,261
99.56% 0.44% 1.23% 100.00%
Ordinary resolution number 9: Non-binding advisory vote – Remuneration policy
For Against Abstain Shares voted
89,111,485 3,334,189 2,407,736 92,445,673
96.39% 3.61% 1.69% 100.00%
Ordinary resolution number 10: To authorise the directors or the company secretary to sign
documentation
For Against Abstain Shares voted
93,284,513 464,667 1,104,230 93,749,179
99.50% 0.50% 0.78% 100.00%
Special resolution number 1: General authority to repurchase the Company’s own shares
For Against Abstain Shares voted
92,009,313 1,471,595 1,372,501 93,480,908
98.43% 1.57% 0.97% 100.00%
Special resolution number 2: Approval of non-executive directors’ fees
For Against Abstain Shares voted
90,770,706 2,136,570 1,946,133 92,907,276
97.70% 2.30% 1.37% 100.00%
Special resolution number 3: Authority to give financial assistance for subscription of securities
For Against Abstain Shares voted
86,951,627 6,822,241 1,079,542 93,773,867
92.72% 7.28% 0.76% 100.00%
Special resolution number 4: Authority to provide financial assistance to related or inter-related
companies and others
For Against Abstain Shares voted
92,715,462 731,654 1,406,294 93,447,115
99.22% 0.78% 0.99% 100.00%
Following the annual general meeting a business update was presented by Mr. Andries J van Heerden,
the Chief Executive Officer. This presentation is available on the Company’s website
www.afrimat.co.za.
8 August 2016
Cape Town
Sponsor: Bridge Capital Advisors Proprietary Limited
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