AFRICAN EQUITY EMPOWERMENT INVESTMENTS LIMITED - Results of the Annual General Meeting

Results of the Annual General Meeting

African Equity Empowerment Investments Limited
(Incorporated in the Republic of South Africa)
Registration number 1996/006093/06
Share code: AEE
ISIN: ZAE000195731
("AEEI" or “the Company”)

RESULTS OF THE ANNUAL GENERAL MEETING

Shareholders are hereby advised that at the annual general meeting of the Company held yesterday,
23 February 2017 at AEEI’s head office at Premier Fishing, Quay 7, East Pier, V&A Waterfront, Cape
Town, Western Cape (“AGM”), all of the resolutions were passed by the requisite majority of the
AEEI shareholders. The detailed voting results of the AGM are set out below:

                       Votes for      Votes       Number of      Number of       Shares
                       resolution    against     shares voted     shares     abstained as a
                          as a      resolution    at the AGM     voted at    percentage (%)
                       percentage      as a                     the AGM as    of shares in
                        of total    percentage                       a           issue
                       number of     of total                   percentage
                         shares     number of                     (%) of
                        voted at      shares                     shares in
                         AGM(%)      voted at                      issue
                                      AGM(%)

Ordinary Resolution
Number 1:
To re-elect the         100            -         421 074 663        85.70          0.01
following Director
who retires by
rotation:
Mr K Abdulla
Ordinary Resolution

Number 2:
To re-elect the         100            -         421 074 663        85.70         0.01
following Director
who retires by
rotation:
Miss CF Hendricks
Ordinary Resolution

Number 3:
To re-elect the         100            -         421 074 663        85.70         0.01
following Director
who retires by
rotation:
Miss C Ah Sing
Ordinary Resolution

Number 4:
To re-elect the         100            -         421 074 663        85.70         0.01
following Director
who retires by
rotation:
Prof VC Mehana
Ordinary Resolution

Number 5:
To re-elect the         100            -         421 074 663        85.70         0.01
following Director
who retires by
rotation:
Mr S Young
Ordinary Resolution

Number 6:
To re-elect the         100            -         421 074 663        85.70         0.01
following Director
who retires by
rotation:
Mr JM Gaomab
Ordinary Resolution

Number 7:
To re-elect the         100            -         421 074 663        85.70          0.01
following Director
who retires by
rotation:
Mrs AB Amod
Ordinary Resolution

Number 8:
To re-elect the         100            -         421 074 663        85.70         0.01
following Director
who retires by
rotation:
Mr TT Hove
Ordinary Resolution

Number 9:
To-elect the            100            -         421 074 663        85.70         0.01
following Director
who retires by
rotation: Ms Z
Barends
Ordinary Resolution

Number 10:
To re-appoint the       100            -         421 074 663        85.70         0.01
following member of
the audit and risk
committee:
Mr S Young
Ordinary Resolution

Number 11:
To re-appoint the       100            -         421 074 663        85.70         0.01
following member of
the audit and risk
committee:
Mr JM Gaomab
Ordinary Resolution

Number 12:
To re-appoint the       100            -         421 074 663        85.70         0.01
following member of
the audit and risk
committee:
Prof VC Mehana
Ordinary Resolution

Number 13: 
Appointment of          100            -         421 074 663        85.70        0.01
member of the audit
and risk Committee:
Mr TT Hove
Ordinary Resolution

Number 14:
Re-appointment of       100            -         421 074 663        85.70        -
Grant Thornton Cape
Inc. as the
independent auditor
of the Company
Ordinary Resolution

Number 15: 
Control of              100            -         421 074 663        85.70        -
authorised but
unissued “B”
ordinary shares

Ordinary Resolution
Number 16:
Approval to issue       100            -         421 074 663        85.70        -
“B” ordinary shares
and/or options for
cash
Ordinary Resolution

Number 17:
Remuneration Policy     100            -         421 074 663        85.70        -
Special Resolution

Number 1:
To approve the          100            -         421 074 663        85.70        -
remuneration of the
non-executive
Directors
Special Resolution

Number 2:
To approve              100            -         421 074 663        85.70%       -
intercompany
financial assistance
Special Resolution

Number 3:
To approve financial    100            -         421 074 663        85.70        -
assistance for the
subscription or
purchase of shares
in the Company or in
a related or inter-
related company
Special Resolution

Number 4:
Approval for the         100           -         421 074 663        85.70        -
Company or its
subsidiaries to
repurchase shares of
the Company
Special Resolution

Number 5:
Amendment to the 
Memorandum of            100           -         421 074 663        85.70       -
Incorporation of the
Company in relation
to fractions

Cape Town
24 February 2017

Sponsor
PSG Capital Proprietary Limited

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