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AFRICAN AND OVERSEAS ENTERPRISES LD - Results annual general meeting

Release Date: 18/11/2016 13:22
Code(s): AON AOO AOVP     PDF:  
Wrap Text
Results annual general meeting

AFRICAN AND OVERSEAS ENTERPRISES LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1947/027461/06)
JSE share code: AOO         ISIN: ZAE000000485
JSE share code: AON         ISIN: ZAE000009718
JSE share code: AOVP        ISIN: ZAE000000493
(“AOE” or “the company”)


RESULTS OF ANNUAL GENERAL MEETING


Shareholders are advised that at the annual general meeting of shareholders held on Thursday, 17 November 2016 (in terms of the
notice of annual general meeting dispatched to shareholders on 30 September 2016) all of the resolutions tabled thereat were passed
(by way a poll) by the requisite majority of AOE shareholders.

Details of the results of voting at the annual general meeting are as follows:

-      total number of AOE shares that could have been voted at the annual general meeting: 11,387,441 (being the aggregate amount
       of 1,250,000 ordinary AOE shares and 10,137,441 “N” ordinary AOE shares);

-      total number of AOE shares that were present/represented at the annual general meeting: 4,225,173 (being, in aggregate,
       37.10% of the total number of AOE shares that could have been voted at the annual general meeting and constituting 56.83% of
       the aggregate voting rights that could have been exercised at the annual general meeting);

-      total number of AOE ordinary shares that were present/represented at the annual general meeting: 721,600 (being 57.73% of the
       total number of ordinary AOE shares that could have been voted at the annual general meeting), with each ordinary share
       entitling the holder thereof to 200 votes;

-      total number of AOE “N” ordinary shares that were present/represented at the annual general meeting: 3,503,573 (being
       34.56% of the total number of “N” ordinary AOE shares that could have been voted at the annual general meeting) with each
       “N” ordinary share entitling the holder thereof to 1 vote.

Ordinary Resolution 1: Approval of annual financial statements

Actual shares voted            Votes for                          Votes against                  Abstentions
                                                                   -                             -
4,225,173 shares, being        147,823,573 votes, being
37.10% of the total number     100.00% (144,320,000 votes
of AOE shares that could       being cast in respect of the
have been voted at the         ordinary AOE shares and
annual general meeting,        3,503,573 votes being cast in
with 721,600 ordinary AOE      respect of the “N” ordinary
shares being voted and         AOE shares)
3,503,573 “N” ordinary
AOE shares being voted


Ordinary Resolution 2: Approval of dividend

Actual shares voted            Votes for                          Votes against                  Abstentions
                                                                   -                             -
4,225,173 shares, being        147,823,573 votes, being
37.10% of the total number     100.00% (144,320,000 votes
of AOE shares that could       being cast in respect of the
have been voted at the         ordinary AOE shares and
annual general meeting,        3,503,573 votes being cast in
with 721,600 ordinary AOE      respect of the “N” ordinary
shares being voted and         AOE shares)
3,503,573 “N” ordinary
AOE shares being voted

Ordinary Resolution 3.1 : Re-election of RV Orlin as a director of the company

Actual shares voted            Votes for                          Votes against                 Abstentions
                                                                   -                            -
4,225,173 shares, being        147,823,573 votes, being
37.10% of the total number     100.00% (144,320,000 votes
of AOE shares that could       being cast in respect of the
have been voted at the         ordinary AOE shares and
annual general meeting,        3,503,573 votes being cast
with 721,600 ordinary          in respect of the “N”
AOE shares being voted         ordinary AOE shares)
and     3,503,573      “N”
ordinary AOE shares being
voted


Ordinary Resolution 3.2 : Re-election of HJ Borkum as a director of the company

Actual shares voted            Votes for                         Votes against                   Abstentions
                                                                  -                              -
4,225,173 shares, being        147,823,573 votes, being
37.10% of the total number     100.00% (144,320,000 votes
of AOE shares that could       being cast in respect of the
have been voted at the         ordinary AOE shares and
annual general meeting,        3,503,573 votes being cast
with 721,600 ordinary          in respect of the “N”
AOE shares being voted         ordinary AOE shares)
and     3,503,573      “N”
ordinary AOE shares being
voted


Ordinary Resolution 3.3 : Re-election of CEA Radowsky as a director of the company

Actual shares voted            Votes for                       Votes against                    Abstentions
                                                               -                                -
4,225,173 shares, being        147,823,573 votes, being
37.10% of the total number     100.00% (144,320,000 votes
of AOE shares that could       being cast in respect of the
have been voted at the         ordinary AOE shares and
annual general meeting,        3,503,573 votes being cast
with 721,600 ordinary          in respect of the “N”
AOE shares being voted         ordinary AOE shares)
and     3,503,573      “N”
ordinary AOE shares being
voted



Ordinary Resolution 4 : Election of MJA Golding as a director of the company

Actual shares voted            Votes for                       Votes against                    Abstentions
                                                               -                                -
4,225,173 shares, being        147,823,573 votes, being
37.10% of the total number     100.00% (144,320,000 votes
of AOE shares that could       being cast in respect of the
have been voted at the         ordinary AOE shares and
annual general meeting,        3,503,573 votes being cast
with 721,600 ordinary          in respect of the “N”
AOE shares being voted         ordinary AOE shares)
and     3,503,573      “N”
ordinary AOE shares being
voted
Ordinary Resolution 5.1 : Election of PM Naylor as a member of the audit committee

Actual shares voted           Votes for                        Votes against                     Abstentions
                                                               -                                 -
4,225,173 shares, being       147,823,573 votes, being
37.10% of the total number    100.00% (144,320,000 votes
of AOE shares that could      being cast in respect of the
have been voted at the        ordinary AOE shares and
annual general meeting,       3,503,573 votes being cast
with 721,600 ordinary         in respect of the “N”
AOE shares being voted        ordinary AOE shares)
and     3,503,573      “N”
ordinary AOE shares being
voted


Ordinary Resolution 5.2 : Election of RV Orlin as a member of the audit committee

Actual shares voted           Votes for                        Votes against                     Abstentions
                                                               -                                 -
4,225,173 shares, being       147,823,573 votes, being
37.10% of the total number    100.00% (144,320,000 votes
of AOE shares that could      being cast in respect of the
have been voted at the        ordinary AOE shares and
annual general meeting,       3,503,573 votes being cast
with 721,600 ordinary         in respect of the “N”
AOE shares being voted        ordinary AOE shares)
and     3,503,573      “N”
ordinary AOE shares being
voted


Ordinary Resolution 5.3 : Election of HJ Borkum as a member of the audit committee

Actual shares voted           Votes for                        Votes against                     Abstentions
                                                               -                                 -
4,225,173 shares, being       147,823,573 votes, being
37.10% of the total number    100.00% (144,320,000 votes
of AOE shares that could      being cast in respect of the
have been voted at the        ordinary AOE shares and
annual general meeting,       3,503,573 votes being cast
with 721,600 ordinary         in respect of the “N”
AOE shares being voted        ordinary AOE shares)
and     3,503,573      “N”
ordinary AOE shares being
voted


Ordinary Resolution 6.1 : Election of PM Naylor as a member of the social and ethics committee

Actual shares voted           Votes for                        Votes against                     Abstentions
                                                               -                                 -
4,225,173 shares, being       147,823,573 votes, being
37.10% of the total number    100.00% (144,320,000 votes
of AOE shares that could      being cast in respect of the
have been voted at the        ordinary AOE shares and
annual general meeting,       3,503,573 votes being cast
with 721,600 ordinary         in respect of the “N”
AOE shares being voted        ordinary AOE shares)
and     3,503,573      “N”
ordinary AOE shares being
voted
Ordinary Resolution 6.2 : Election of CEA Radowsky as a member of the social and ethics committee

Actual shares voted           Votes for                        Votes against                      Abstentions
                                                               -                                  -
4,225,173 shares, being       147,823,573 votes, being
37.10% of the total number    100.00% (144,320,000 votes
of AOE shares that could      being cast in respect of the
have been voted at the        ordinary AOE shares and
annual general meeting,       3,503,573 votes being cast
with 721,600 ordinary         in respect of the “N”
AOE shares being voted        ordinary AOE shares)
and     3,503,573      “N”
ordinary AOE shares being
voted


Ordinary Resolution 6.3 : Election of DS Johnson as a member of the social and ethics committee

Actual shares voted           Votes for                        Votes against                      Abstentions
                                                               -                                  -
4,225,173 shares, being       147,823,573 votes, being
37.10% of the total number    100.00% (144,320,000 votes
of AOE shares that could      being cast in respect of the
have been voted at the        ordinary AOE shares and
annual general meeting,       3,503,573 votes being cast
with 721,600 ordinary         in respect of the “N”
AOE shares being voted        ordinary AOE shares)
and     3,503,573      “N”
ordinary AOE shares being
voted


Ordinary Resolution 7: Re-appointment of auditors

Actual shares voted           Votes for                        Votes against                      Abstentions
                                                               -                                  -
4,225,173 shares, being       147,823,573 votes, being
37.10% of the total number    100.00% (144,320,000 votes
of AOE shares that could      being cast in respect of the
have been voted at the        ordinary AOE shares and
annual general meeting,       3,503,573 votes being cast
with 721,600 ordinary         in respect of the “N”
AOE shares being voted        ordinary AOE shares)
and     3,503,573      “N”
ordinary AOE shares being
voted


Ordinary Resolution 8: Non-binding advisory vote on remuneration policy

Actual shares voted           Votes for                        Votes against                      Abstentions
                                                               -                                  -
4,225,173 shares, being       147,823,573 votes, being
37.10% of the total number    100.00% (144,320,000 votes
of AOE shares that could      being cast in respect of the
have been voted at the        ordinary AOE shares and
annual general meeting,       3,503,573 votes being cast
with 721,600 ordinary         in respect of the “N”
AOE shares being voted        ordinary AOE shares)
and     3,503,573      “N”
ordinary AOE shares being
voted
 Ordinary Resolution 9: Signature of documents

 Actual shares voted            Votes for                      Votes against                      Abstentions
                                                               -                                  -
 4,225,173 shares, being        147,823,573 votes, being
 37.10% of the total number     100.00% (144,320,000 votes
 of AOE shares that could       being cast in respect of the
 have been voted at the         ordinary AOE shares and
 annual general meeting,        3,503,573 votes being cast
 with 721,600 ordinary          in respect of the “N”
 AOE shares being voted         ordinary AOE shares)
 and     3,503,573      “N”
 ordinary AOE shares being
 voted


 Special Resolution 1: General authority to acquire shares

 Actual shares voted            Votes for                      Votes against                      Abstentions
                                                               -                                  -
 4,225,173 shares, being        147,823,573 votes, being
 37.10% of the total number     100.00% (144,320,000 votes
 of AOE shares that could       being cast in respect of the
 have been voted at the         ordinary AOE shares and
 annual general meeting,        3,503,573 votes being cast
 with 721,600 ordinary          in respect of the “N”
 AOE shares being voted         ordinary AOE shares)
 and     3,503,573      “N”
 ordinary AOE shares being
 voted

18 November 2016


Sponsor
Java Capital

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