AFRICAN MEDIA ENTERTAINMENT LIMITED - Results of Annual General Meeting ("AGM")

Release Date: 23/08/2018 15:56
Code(s): AME
 
Wrap Text
Results of Annual General Meeting ("AGM")

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 Thursday,
23 August 2018 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 8 100 934 ordinary shares.

 Resolution proposed                                 Total         Votes in        Votes      Abstentions:
                                                 number of          favour:      against:      % of issued
                                               votes cast:       % of total    % of total    share capital
                                              (% of issued       votes cast    votes cast
                                                     share
                                                   capital)
 Ordinary resolution number 1:
 To adopt the annual financial statements        5 476 984        5 476 984             -                -
 for the year ended 31 March 2018                   67.61%             100%            0%               0%

 Ordinary resolution number 2:
 To place the unissued shares under the          5 476 984        3 272 276     2 204 708                -
 control of the directors                           67.61%           59.75%        40.25%               0%

 Ordinary resolution number 3:
 Re-election of non-executive directors
 3.1 To re-elect Mr. ACG Molusi as a non-        5 476 984        5 471 555         5 429                -
 executive director                                 67.61%           99.90%         0.10%               0%

 Ordinary resolution number 4:

 Election of non-executive directors
 4.1 To elect Mrs. J Edwards as a non-            5 476 984       5 476 984             -                -
 executive director                                 67.61%             100%            0%               0%

 4.2 To elect Mrs. K Williams-Thipe as a         5 476 984        5 476 984             -                -
 non-executive director                             67.61%             100%            0%               0%

 Ordinary resolution number 5:                   5 476 984        5 476 984             -                -
 To re-appoint the independent auditor              67.61%             100%            0%               0%

 Ordinary resolution number 6:
 Re-election of audit and risk committee
 members
 6.1 To re-elect Mr. N Sooka as a member         5 476 984        5 471 555         5 429                -
 and chairman of the audit and risk                 67.61%           99.90%         0.10%               0%
 committee

 6.2 To re-elect Mr. MJ Prinsloo as a            5 476 984        5 471 555         5 429                -
 member of the audit and risk committee             67.61%           99.90%         0.10%               0%

 6.3 To re-elect Mrs. J Edwards as a             5 476 984        5 476 984             -                -
 member of the audit and risk committee               100%             100%            0%               0%
 
 Ordinary resolution number 7:                   5 476 984        5 476 984             -                -
 To grant authority to sign documentation           67.61%             100%            0%               0%

 Non-binding ordinary resolution number 8:       5 476 984        5 418 666        58 318                -
 To approve the remuneration policy                 67.61%           98.94%         1.06%               0%

 Special resolution number 1:
 To approve a general authority to acquire       5 476 984        5 476 984             -                -
 the company's own shares                           67.61%             100%            0%               0%

 Special resolution number 2:
 To approve the non-executive directors’         5 476 984        5 476 984             -                -
 remuneration                                       67.61%             100%            0%               0%

 Special resolution number 3:
 To approve financial assistance to related      5 476 984        5 476 984             -                -
 and inter-related entities to the company          67.61%             100%            0%               0%

 Special resolution number 4:
 To approve financial assistance for the
 subscription for or purchase of securities      5 476 984        5 476 984             -                -
 by related or inter-related entities to the        67.61%             100%            0%               0%
 company


By order of the board.

Johannesburg
23 August 2018

Sponsor
Arbor Capital Sponsors Proprietary Limited

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