INSIMBI REFRACTORY & ALLOY SUP LIMITED - Results of Annual General Meeting

Release Date: 03/07/2018 15:50
Code(s): ISB
 
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Results of Annual General Meeting

Insimbi Refractory and Alloy Supplies Limited
(Incorporated in the Republic of South Africa)
(Registration number: 2002/029821/06)
Share code: ISB ISIN: ZAE000116828
(“Insimbi” or “the Company”)

RESULTS OF ANNUAL GENERAL MEETING

Insimbi ordinary shareholders are advised that at the annual general meeting (“AGM”) of shareholders held
at Stand 359 Crocker Road, Wadeville, Extension 4, Germiston on Tuesday, 3 July 2018 at 10h00, all the
ordinary and special resolutions as set out in the notice of AGM, were approved by the requisite majority of
shareholders present or represented by proxy.

The number of ordinary Insimbi shares voted in person or by proxy was 246 525 773 representing 60% of
the total ordinary issued share capital of the same class of Insimbi ordinary shares.

All resolutions proposed at the AGM, together with the percentage of shares abstained (as a percentage of
total issued share capital of the Company), shares voted (as a percentage of total issued share capital of the
Company) as well as the percentage of votes carried for and against each resolution (as a percentage of
shares voted), are as follows:

Ordinary resolution number 1 – Adoption of Annual Financial Statements

FOR                      AGAINST                ABSTAIN

99.99%                   0.01%                  0.01%

Ordinary resolution number 2 – Confirmation and re-election of directors: Confirmation of re-
appointment of Mrs IP Mogotlane

FOR                     AGAINST                ABSTAIN

88.10%                  11.90%                 0.01%

Ordinary resolution number 3 – Confirmation and re-election of directors: Confirmation of
appointment of Mr A de Wet

FOR                    AGAINST                 ABSTAIN

100%                   0.00%                   0.01%

Ordinary resolution number 4 – Appointment of Audit and Risk Committee: Appointment of Mr RI
Dickerson as member of the Audit committee

FOR                    AGAINST                 ABSTAIN


99.88%                 0.12%                   0.01%

Ordinary resolution number 5 – Appointment of Audit and Risk Committee: Appointment of Ms IP
Mogotlane as member of the Audit committee

FOR                    AGAINST                 ABSTAIN

88.10%                 11.90%                  0.01%

Ordinary resolution number 6 – Appointment of Audit and Risk Committee: Appointment of Ms C
Ntshingila as member of the Audit committee

FOR                     AGAINST                ABSTAIN

99.95%                  0.05%                  0.01%

Ordinary resolution number 7 – Appointment of PricewaterhouseCoopers as external Auditors with
JP van Staden as designated auditor

FOR                    AGAINST                 ABSTAIN

99.99%                 0.01%                   0.01%

Ordinary resolution number 8 – Indemnification of directors

FOR                     AGAINST                ABSTAIN

99.84%                  0.16%                  0.01%

Ordinary resolution number 9 – General authority to issue shares/convertible shares or options for
cash

FOR                     AGAINST                ABSTAIN

99.88%                  0.12%                  0.01%

Non-binding advisory vote 1 – Remuneration Policy

FOR                     AGAINST                ABSTAIN

99.84%                  0.16%                  0.02%

Non-binding advisory vote 2 – Implementation Report

FOR                     AGAINST                ABSTAIN

99.84%                  0.16%                  0.02%

Special resolution number 1 – Approval of Non-executive directors’ fees

FOR                     AGAINST                ABSTAIN

99.98%                  0.02%                  0.03%

Special resolution number 2 – Name Change

FOR                     AGAINST                ABSTAIN

100%                    0%                     0.01%

Special resolution number 3 – Amendments to the Memorandum of Incorporation

FOR                     AGAINST                ABSTAIN

99.88%                  0.12%                  0.01%

Special resolution number 4 – General authority to re-purchase company shares

FOR                     AGAINST                ABSTAIN

99.88%                  0.12%                  0.03%

Special resolution number 5 – Authorisation for loans or financial assistance to subsidiaries and
related or inter-related companies

FOR                     AGAINST                ABSTAIN

99.87%                  0.13%                  0.03%

INSIMBI INDUSTRIAL HOLDINGS LIMITED

To encompass the diversification and multi-dimensional growth path of Insimbi the company will officially be
named Insimbi Industrial Holdings Limited. Trading under the new name will commence on Wednesday, 11
July 2018.

Johannesburg
3 July 2017
Sponsor: Bridge Capital Advisors Proprietary Limited

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