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AFRICAN BANK INVESTMENTS LIMITED - Results of Annual General Meeting

Release Date: 06/09/2016 16:58
Code(s): ABL ABLP     PDF:  
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Results of Annual General Meeting

AFRICAN BANK INVESTMENTS LIMITED
Incorporated in the Republic of South Africa
(Registration number: 1946/021193/06)
Ordinary share code: ABL        ISIN: ZAE000030060
Hybrid instrument code: ABLP       ISIN: ZAE000065215
(“ABIL”)


RESULTS OF ANNUAL GENERAL MEETING


Shareholders are advised that, at the annual general meeting of ABIL held today, all the resolutions as set out
in the notice of annual general meeting, except for “Ordinary resolution number 4: Approval to issue ordinary
shares, and to sell treasury shares, for cash”, were passed by the requisite majority of shareholders.
The number of ordinary shares voted in person or by proxy was 901 162 866, representing 63.15% of the total
issued share capital of the same class of ABIL shares.
The number of preference shares voted in person or by proxy was 1 745 383, representing 12.91% of the total
issued preference share capital of the same class of ABIL shares.
The resolutions proposed at the meeting, together with the percentage of shares abstained, as well as the
percentage of votes carried for and against each resolution, are set out below:

                                                                          % of votes     % of votes         % of
                                                                     carried for the    against the       shares
 Resolution                                                               resolution     resolution    abstained
 Ordinary resolution number 1: Appointment of auditors                         99.91           0.09         0.13

 Ordinary resolution number 2: Appointment of directors
 Ordinary resolution number 2.1: Appointment of Dr Enos                        99.98           0.02         0.36
 Banda as an independent non-executive director
 
 Ordinary resolution number 2.2: Appointment of Mr Daniël                      99.98           0.02         0.10
 Vlok as an independent non-executive director
 
 Ordinary resolution number 2.3: Appointment of Ms Alethea                     99.98           0.02         0.10
 Conrad as an independent non-executive director
 
 Ordinary resolution number 3: Appointment of the members of
 the Audit Committee
 Ordinary resolution number 3.1: Appointment of Mr Morris                      75.65          24.35         0.59
 Mthombeni as a member of the Audit Committee
 
 Ordinary resolution number 3.2: Appointment of Mr Daniël                      99.98           0.02         0.10
 Vlok as a member of the Audit Committee
 
 Ordinary resolution number 3.3: Appointment of Ms Alethea                     99.95           0.05         0.10
 Conrad as a member of the Audit Committee  
 
 Ordinary resolution number 4: Approval to issue ordinary                      27.75          72.25         0.79
 shares, and to sell treasury shares, for cash
 
 Ordinary resolution number 5: Signature of documents                          99.97           0.03         0.10

 Special resolution number 1: Approval of the non-executive                    99.87           0.13         2.71
 directors’ remuneration
 
 Special resolution number 2: General approval to acquire                      99.43           0.57         0.10
 ordinary shares
 
 Special resolution number 3: General approval to acquire                      99.64           0.36         0.10
 preference shares
 
 Special resolution number 4: Financial assistance for                         75.72          24.28         2.61
 subscription of securities
 
 Special resolution number 5: Loans or other financial                         98.30           1.70         0.10
 assistance to related and inter-related entities
 
 Special resolution number 6: Change of name                                   99.80           0.20         0.10

 Special resolution number 7: Amendment to the Memorandum                      99.98           0.02         0.10
 of Incorporation of the Company


The voting results of special resolution number 3 include the votes of preference shareholders entitled to
vote on this resolution.

Johannesburg
6 September 2016

Sponsor
Merchantec Capital

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