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AFRICAN MEDIA ENTERTAINMENT LIMITED - Results of Annual General Meeting

Release Date: 23/08/2017 15:07
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
Wednesday, 23 August 2017 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 8 042 424 ordinary shares.


Resolution proposed                         Total number of      Votes        Votes        Abstentions:
                                            votes cast: (% of    in           against:     % of issued
                                            issued       share   favour:      %       of   share capital
                                            capital)             %       of   total
                                                                 total        votes
                                                                 votes        cast
                                                                 cast
Ordinary resolution number 1:
To adopt the annual financial               5 603 087:           99,84%       0,16%        Nil
statements for the year ended 31            (69,67%)
March 2017

Ordinary resolution number 2:
To place the unissued shares under          5 603 087:           94,87%       5,13%        Nil
the control of the directors                (69,67%)

Ordinary resolution number 3:
Re-election of non-executive directors

3.1 To re-elect Mr. MJ Prinsloo as a        5 603 087:           100%         Nil          Nil
non-executive director                      (69,67%)

3.2 To re-elect Mr. KL Tlhabane as a                             100%         Nil          Nil
non-executive director                      5 603 087:
                                            (69,67%)
Ordinary resolution number 4:
To re-appoint the independent auditor       5 603 087:           100%         Nil          Nil
                                            (69,67%)
Ordinary resolution number 5:
Re-election of audit and risk
committee members

5.1 To re-elect Mr. N Sooka as a            5 603 087:           100%         Nil          Nil
member and chairman of the audit            (69,67%)
and risk committee

5.2 To re-elect Mr. MJ Prinsloo as a                       
member of the audit and risk                5 603 087:           100%         Nil          Nil 
committee                                     (69,67%)

5.3 To re-elect Mr. KL Tlhabane as a                       
member of the audit and risk                5 603 087:           100%         Nil          Nil
committee                                   (69,67%)

Ordinary resolution number 6:
To grant authority to sign                  5 603 087:           100%         Nil          Nil
documentation                               (69,67%)

Non-binding ordinary resolution
number 7:                                   5 603 087:
To approve the remuneration policy          (69,67%)             100%         Nil          Nil

Special resolution number 1:
To approve a general authority to           5 603 087:           100%         Nil          Nil
acquire the company's own shares            (69,67%)

Special resolution number 2:
To approve the non-executive                5 603 087:           100%         Nil          Nil
directors’ remuneration                     (69,67%)

Special resolution number 3:
To approve financial assistance to          5 603 087:           100%         Nil          Nil
related and inter-related entities to the   (69,67%)
company

Special resolution number 4:
To approve financial assistance for         5 603 087:          61.15%     38.85%          Nil
the subscription for or purchase of         (69,67%)
securities by related or inter-related
entities to the company


By order of the board.

Johannesburg
23 August 2017

Sponsor
Arbor Capital Sponsors Proprietary Limited

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