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Results of Annual General Meeting
AVI Limited
Registration Number 1944/017201/06
Share Code: AVI
ISIN: ZAE000049433
(“AVI” or “Company”)
RESULTS OF ANNUAL GENERAL MEETING
Shareholders are advised that the voting results for the Annual General Meeting (“AGM”) of AVI held at 11h00 on Thursday,
4 November 2021 were as follows:
Resolution Resolution Number of Percentage For*** Against*** Abstained*
shares voted of shares
Number % % %
in issue*
%
1 Ordinary resolution 212 377 337 63.03 100.00 0.00 0.40
Adoption of annual financial statements
2 Ordinary resolution 212 337 337 63.03 100.00 0.00 0.40
Re-appointment of Ernst & Young Inc. as
the external auditors
3 Ordinary resolution 212 377 337 63.03 90.90 9.10 0.40
Re-election of AM Thebyane as a
director
4 Ordinary resolution 212 377 337 63.03 98.70 1.30 0.40
Re-election of M Koursaris as a director
5 Ordinary resolution 212 377 337 63.03 99.03 0.97 0.40
Re-election of A Muller as a director
6 Ordinary resolution 212 377 337 63.03 100.00 0.00 0.40
Election of BP Silwanyana as a director
7 Ordinary resolution 212 377 337 63.03 90.74 9.26 0.40
Appointment of MJ Bosman as a
member and Chairman of the Audit and
Risk Committee
8 Ordinary resolution 212 377 337 63.03 100.00 0.00 0.40
Appointment of A Muller as a member of
the Audit and Risk Committee
9 Ordinary resolution 212 377 337 63.03 100.00 0.00 0.40
Appointment of BP Silwanyana as a
member of the Audit and Risk
Committee
10 Special resolution 212 379 862 63.03 99.44 0.56 0.40
Increase in fees payable to non-
executive directors, excluding the
Chairman of the Board
11 Special resolution 212 379 862 63.03 97.64 2.36 0.40
Increase in fees payable to the Chairman
of the Board
12 Special resolution 212 379 862 63.03 99.44 0.56 0.40
Increase in fees payable to members of
the Remuneration, Nomination and
Appointments Committee
13 Special resolution 212 379 862 63.03 99.44 0.56 0.40
Increase in fees payable to members of
the Audit and Risk Committee
14 Special resolution 212 379 862 63.03 99.44 0.56 0.40
Increase in fees payable to members of
the Social and Ethics Committee
15 Special resolution 212 379 862 63.03 99.44 0.56 0.40
Increase in fees payable to the Chairman
of the Remuneration, Nomination and
Appointments Committee
16 Special resolution 212 379 862 63.03 99.44 0.56 0.40
Increase in fees payable to the Chairman
of the Audit and Risk Committee
17 Special resolution 212 379 862 63.03 99.44 0.56 0.40
Increase in fees payable to the Chairman
of the Social and Ethics Committee
18 Special resolution 207 021 355 62.72** 100.00 0.00 0.30**
General authority to buy-back shares
19 Ordinary Resolution 202 149 261 59.99 53.35 46.65 3.43
Non-binding advisory vote to endorse
the remuneration policy
Ordinary Resolution
20 202 149 406 59.99 56.62 43.38 3.43
Non-binding advisory vote to endorse
the implementation report
*Based on 336 961 818 shares in issue at the date of the AGM.
**Based on 330 077 124 shares (excludes 6 884 694 share scheme shares) in issue at the date of the AGM.
***In relation to the total number of shares voted at the AGM.
Based on the above results, all resolutions were passed by the requisite majority of AVI shareholders present in person or
represented by proxy at the AGM, except for resolutions 19 and 20.
Shareholders are advised that the non-binding advisory resolutions 19 and 20 (the remuneration policy and the
remuneration implementation report, respectively) were voted against by more than the 25% of AVI’s shareholders present
in person or represented by proxy at the AGM (“dissenting shareholders”). The Board invites those dissenting shareholders
to engage with the Company in the following manner:
1. Shareholders are invited to forward their concerns/questions on the remuneration policy and the remuneration
implementation report to the Group Company Secretary in writing to sureyas@avi.co.za.
2. Following the responses received from shareholders in accordance with the above, appropriate engagements will be
scheduled at a suitable date and time and communicated to shareholders.
Illovo
Sandton
4 November 2021
Sponsor
The Standard Bank of South Africa Limited
Date: 04-11-2021 03:40:00
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