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ARGENT INDUSTRIAL LIMITED - Results of the Annual General Meeting

Release Date: 30/08/2017 11:09
Code(s): ART     PDF:  
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Results of the Annual General Meeting

ARGENT INDUSTRIAL LIMITED
(Registration number 1993/002054/06)
(Incorporated in the Republic of South Africa)
Share Code: ART
ISIN: ZAE000019188
(“Argent” or “the Company”)


RESULTS OF THE ANNUAL GENERAL MEETING OF ARGENT


Shareholders are hereby advised that at the annual general meeting of the Company held at 10h00 today, 30
August 2017, in the Company’s boardroom at First Floor, Ridge 63, 8 Sinembe Crescent, La Lucia Ridge Office
Estate, Umhlanga (“Annual General Meeting”), all of the proposed ordinary and special resolutions were passed
by the requisite majority of votes cast by Argent shareholders present or represented by proxy. The detailed
voting results of the Annual General Meeting are set out below.

Altogether 67.80% of voteable shares in issue, being 64 633 140 shares, were represented at the AGM.

Annual General Meeting Results:

                         Votes for     Votes             Number of       Number of         Shares abstained as
                         resolutio     against           shares voted    shares voted      a percentage of
                         n (%)*        resolution        at the Annual   at the Annual     shares in issue (%)
                                       (%)*              General         General
                                                         Meeting         Meeting as a
                                                                         percentage of
                                                                         shares in
                                                                         issue (%)

Ordinary resolution         100.00             0.00       64 531 467             67.80                     0.16
number 1: To re-
elect Mr PA
Christofides as an
independent non-
executive director

Ordinary resolution         66.11              33.89      64 531 467             67.80                     0.16
number 2: To re-
elect Mr K Mapasa as
an independent non-
executive director

Ordinary resolution        100.00               0.00      64 531 467              67.80                    0.16
number 3: To re-
elect Mr CD Angus as
an independent non-
executive director

Ordinary resolution         63.86              36.14      64 531 367              67.80                    0.16
number 4: To appoint
Mr K Mapasa as a
member of the audit
and risk committee

Ordinary resolution        100.00               0.00      64 531 467              67.80                    0.16
number 5: To appoint
Mr CD Angus as a
member of the audit
and risk committee

Ordinary resolution        100.00               0.00      64 531 467              67.80                    0.16
number 6: To appoint
Mr PA Christofides
as a member of the
audit and risk
committee

Ordinary resolution        100.00               0.00      64 602 277              67.80                    0.05
number 7: To re-
appoint the auditor,
Grant Thornton

Ordinary resolution         66.12              33.88      64 597 277              67.80                    0.06
number 8: Unissued
shares placed under
control of the
directors

Ordinary resolution        88.74               11.26      64 600 277              67.80                    0.05
number 9: Non-
binding endorsement
of Argent’s
remuneration policy

Special resolution         99.87               0.13       64 601 277              67.80                    0.05
number 1:
Remuneration of non-
executive directors

Special resolution        100.00               0.00       64 601 277              67.80                    0.05
number 2: Inter-
company loans

Special resolution         98.06               1.94       64 603 277              67.80                    0.05
number 3: Share
repurchases by the
company and its
subsidiaries

Notes:
* In relation to the total number of shares voted at the Annual General Meeting.

30 August 2017
Umhlanga Rocks

Sponsor
PSG Capital Proprietary Limited

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