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Results of annual general meeting
AVI Limited
Registration Number 1944/017201/06
Share Code: AVI
ISIN: ZAE000049433
(“AVI”)
RESULTS OF ANNUAL GENERAL MEETING
Shareholders are advised that the voting results for the Annual General Meeting (“AGM”) of AVI held at 11h00 on
Thursday, 3 November 2016 were as follows:
Resolution Resolution Number of Percentage For*** Against*** Abstained*
shares of shares in
Number % % %
voted issue*
%
1 Ordinary resolution 262,669,448 79.33 99.99864 0.00136 0.29657
Approval of annual financial statements
2 Ordinary resolution 262,876,796 79.39 99.91999 0.08001 0.23395
Re-appointment of KPMG Inc. as the
external auditors
3 Ordinary resolution 262,874,793 79.39 99.96983 0.03017 0.23455
Re-election of NP Dongwana as a director
4 Ordinary resolution 262,871,338 79.39 80.99613 19.00387 0.23559
Re-election of JR Hersov as a director
5 Ordinary resolution 262,871,888 79.39 99.96962 0.03038 0.23543
Re-election of RJD Inskip as a director
6 Ordinary resolution 261,240,327 78.89 99.96890 0.03110 0.72816
Re-election of M Koursaris as a director
7 Ordinary resolution 262,873,257 79.39 99.96902 0.03098 0.23502
Appointment of MJ Bosman as a member
and Chairman of the Audit and Risk
Committee
8 Ordinary resolution 262,872,574 79.39 99.97043 0.02957 0.23522
Appointment of NP Dongwana as a
member of the Audit and Risk Committee
9 Ordinary resolution 262,869,651 79.39 78.15080 21.84920 0.23610
Appointment of JR Hersov as a member
of the Audit and Risk Committee
10 Special resolution 261,233,676 78.89 99.99050 0.00950 0.73017
Increase in fees payable to non-executive
directors, excluding the Chairman of the
Board and foreign non-executive director
11 Special resolution 260,860,981 78.78 99.80923 0.19077 0.84272
Increase in fees payable to the Chairman
of the Board
12 Special resolution 262,487,878 79.27 99.90543 0.09457 0.35140
Increase in fees payable to the foreign
non-executive director
13 Special resolution 262,863,147 79.38 99.99334 0.00666 0.23807
Increase in fees payable to members of
the Remuneration, Nomination and
Appointments Committee
14 Special resolution 262,865,172 79.39 99.99308 0.00692 0.23746
Increase in fees payable to members of
the Audit and Risk Committee
15 Special resolution 261,232,669 78.89 99.99310 0.00690 0.73047
Increase in fees payable to members of
the Social and Ethics Committee
16 Special resolution 262,502,369 79.28 99.90354 0.09646 0.34702
Increase in fees payable to the Chairman
of the Remuneration, Nomination and
Appointments Committee
17 Special resolution 262,874,265 79.39 99.98982 0.01018 0.23471
Increase in fees payable to the Chairman
of the Audit and Risk Committee
18 Special resolution 262,871,852 79.39 99.99083 0.00917 0.23544
Increase in fees payable to the Chairman
of the Social and Ethics Committee
19 Special resolution 256,063,951 78.96** 99.99237 0.00763 0.23219**
General authority to buy-back shares
20 Special resolution 262,865,231 79.39 99.85055 0.14945 0.23744
Authority to provide financial assistance
21 Ordinary resolution 256,061,451 78.96** 95.40805 4.59195 0.23296**
Adoption of the AVI Limited Deferred
Bonus Share Plan
22 Ordinary resolution 256,061,451 78.96** 97.16773 2.83227 0.23296**
Placing 5 213 369 ordinary shares , in the
authorised but unissued share capital of
the Company, under the control of the
directors to allot and issue such shares in
terms of the Revised AVI Limited
Executive Share Incentive Scheme
23 Ordinary resolution 253,092,839 78.04** 94.88996 5.11004 1.14838**
Adoption of the Revised AVI Limited
Executive Share Incentive Scheme
24 Ordinary resolution 256,061,451 78.96** 97.11878 2.88122 0.23296**
Placing 5 213 369 ordinary shares, in the
authorised but unissued share capital of
the Company, under the control of the
directors to allot and issue such shares in
terms of the Revised AVI Limited
Executive Share Incentive Scheme
25 Ordinary resolution 256,061,451 78.96** 97.16773 2.83227 0.23296**
Placing 6 915 158 ordinary shares, in the
authorised but unissued share capital of
the Company, under the control of the
directors to allot and issue such shares in
terms of the AVI Limited Out-
Performance Scheme
26 Ordinary Resolution 259,892,315 78.49 97.27665 2.72335 1.13526
Non-binding advisory vote to endorse the
remuneration policy
*Based on 331 126 263 shares (excludes 17 234 352 treasury shares) in issue at the date of the AGM.
**Based on 324 291 735 shares (excludes 17 234 352 treasury shares and 6 834 528 share scheme shares) in issue at the
date of the AGM.
***In relation to the total number of shares voted at the AGM.
Based on the above results, all resolutions were passed by the requisite majority of AVI shareholders present in person or
represented by proxy at the AGM.
Illovo
Sandton
3 November 2016
Sponsor
The Standard Bank of South Africa Limited
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