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AFRICAN MEDIA ENTERTAINMENT LIMITED - Results of Annual General Meeting

Release Date: 26/08/2016 12:06
Code(s): AME     PDF:  
Wrap Text
Results of Annual General Meeting

AFRICAN MEDIA ENTERTAINMENT LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1926/008797/06)
Share Code: AME       ISIN: ZAE000055802
(“the Company”)

RESULTS OF ANNUAL GENERAL MEETING (“the AGM”)

Shareholders are advised that all the resolutions proposed at the AGM of the company
held on Thursday, 25 August 2016 were passed by the requisite majorities of shareholders.

Details of the resolutions and the voting are contained in the table below. The issued share
capital of the company is 8 054 424 ordinary shares.

                                   Total number of
                                        votes cast:
                                      number (% of                                 Abstentions:
                                      issued share        Votes in        Votes     % of issued
Resolution proposed                        capital)      favour: %     against: %  share capital
Ordinary resolution number 1:
Adoption of annual financial          4,749,315           4,749,315        Nil         Nil
statements                              (58.97%)           (100.00%)       (0%)        (0%)

Ordinary resolution number 2:
Place the unissued shares             4,749,315          4,441,702       307,613        Nil
under the control of the               (58.97%)           (93.523%)     (6.477%)       (0%)
directors

Ordinary resolution number 3:
Re-election of non-executive
directors
3.1 To re-elect Mr. ACG Molusi        4,749,315          4,749,315          Nil         Nil
as a non-executive director           (58.97%)            (100.00%)         (0%)        (0%)
3.2 To re-elect Mr. N Sooka as a      4,749,315          4,749,315          Nil         Nil
non-executive director                (58.97%)            (100.00%)         (0%)        (0%)

Ordinary resolution number 4:
Re-appointment of                     4,749,315          4,749,315          Nil         Nil
independent auditor                   (58.97%)            (100.00%)         (0%)        (0%)

Ordinary resolution number 5:
Re-election of audit
committee members
5.1 To re-elect Mr. N Sooka as a       4,749,315         4,749,315          Nil         Nil
member and chairman of the             (58.97%)          (100.00%)          (0%)        (0%)
audit committee
5.2 To re-elect Mr. MJ Prinsloo        4,749,315         4,749,315          Nil         Nil
as a member of the audit               (58.97%)          (100.00%)          (0%)        (0%)
committee                              4,749,315         4,749,315          Nil         Nil
5.3 To elect Mr. KL Tlhabane as        (58.97%)          (100.00%)          (0%)        (0%)
a member of the audit
committee

Ordinary resolution number 6:          4,749,315         4,749,315          Nil         Nil
Authority to sign                      (58.97%)          (100.00%)          (0%)        (0%)
documentation

Special resolution number 1:
General authority to acquire           4,749,315         4,749,315          Nil         Nil
the company's own shares               (58.97%)          (100.00%)          (0%)        (0%)

Special resolution number 2:
Approval of non-executive              4,749,315         4,749,315          Nil         Nil
directors’ remuneration                (58.97%)          (100.00%)          (0%)        (0%)

Special resolution number 3:
Provide financial assistance to        4,749,315         4,749,315          Nil         Nil
related and inter-related              (58.97%)          (100.00%)          (0%)        (0%)
entities to the company

Special resolution number 4:
Provide financial assistance for       4,749,315         4,442,702          306,613     Nil
the subscription for or                (58.97%)         (93.54406%)       (6.45594%)    (0%)
purchase of securities by
related or inter-related entities
to the company

By order of the board

JOHANNESBURG
26 August 2016


Sponsor
Arbor Capital Sponsors Proprietary Limited

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