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Results Of The Annual General Meeting
AFRICAN EQUITY EMPOWERMENTINVESTMENTS LIMITED
(Incorporated in the Republic of South Africa)
Registration number 1996/006093/06
Share code: AEE
ISIN: ZAE000195731
("AEEI" or "the Company")
RESULTS OF THE ANNUAL GENERAL MEETING
Shareholders are advised that, at the Annual General Meeting of AEEI held electronically at 14:00 on Monday,
27 February 2023 (“AGM”):
• there were 491 022 434 shares in issue as at the date of the AGM;
• the total number of shares that were present in person/represented by proxy at the AGM was 344 152 459
shares being 70.09% of the total number of shares in issue; and
• Abstentions are represented below as a percentage of total number of shares in issue, while the sharesvoted
for and against are represented below as a percentage of the shares voted.
The detailed voting results of the AGM are set out below:
Votes for Votes Number of Number of Number of
resolution against shares shares shares
as a resolution voted at voted at abstained
percentage as a the AGM the AGM as as a
of total percentage a percentage
number of of total percentage of shares
shares number of of shares in issue
voted at shares voted in issue (%)
AGM at AGM (%)
(%) (%)
Ordinary Resolution Number 1: 99,99% 0,01% 344 103 012 70,08% 0,01%
To re-elect the following Director who.
retires by rotation:
Mrs Carin-Lee Geuking
Ordinary Resolution Number 2: 99,99% 0,01% 344 103 012 70,08% 0,01%
To re-elect the following Director who
retires by rotation:
Mr Willem Raubenheimer
Ordinary Resolution Number 3: 99,99% 0,01% 344 103 012 70,08% 0,01%
To re-elect the following Director who
retires by rotation:
Mr Gaamiem Colbie
Ordinary Resolution Number 4: 99,99% 0,01% 344 103 012 70,08% 0,01%
To re-elect the following Director who
retires by rotation:
Mrs Aziza Amod
Ordinary Resolution Number 5: 99,99% 0,01% 344 103 012 70,08% 0,01%
To re-appoint the following member of
the audit and risk committee:
Mr Willem Raubenheimer
Ordinary Resolution Number 6: 99,99% 0,01% 343 838 012 70,02% 0,06%
To re-appoint the following member of
the audit and risk committee:
Mr Gaamiem Colbie
Ordinary Resolution Number 7: 99,99% 0,01% 344 103 012 70,08% 0,01%
To re-appoint the following member of
the audit and risk committee:
Mr Bongikhaya Qama
Ordinary Resolution Number 8: 99,99% 0,01% 344 103 012 70,08% 0,01%
To re-appoint the following member of
the audit and risk committee:
Mr Stephen Nthite
Ordinary Resolution Number 9: 99,99% 0,01% 344 103 012 70,08% 0,01%
To appoint the members of the Social,
Ethics and Transformation Committee:
Mrs Carin-Lee Geuking-Cohausz
Ordinary Resolution Number 10: 99,99% 0,01% 344 103 012 70,08% 0,01%
To re-appoint the members of the
Social, Ethics and Transformation
Committee: Mrs Aziza Amod
Ordinary Resolution Number 11: 99,99% 0,01% 343 838 012 70,02% 0,06%
To re-appoint the members of the
Social, Ethics and Transformation
Committee: Ambassador Membathisi
Mdladlana
Ordinary Resolution Number 12: 99,99% 0,01% 343 838 012 70,02% 0,06%
To appoint the members of the Social,
Ethics and Transformation Committee:
Mr Bongikhaya Qama
Ordinary Resolution Number 13: 99,99% 0,01% 344 103 012 70,08% 0,01%
The appointment of Crowe JHB and THAWT
Inc. as the joint independent auditors
of the Company for the ensuing
financial year
Ordinary Resolution Number 14: 99,99% 0,01% 344 103 012 70,08% 0,01%
Control of authorised but unissued “B”
ordinary shares
Ordinary Resolution Number 15: 99,99% 0,01% 344 103 012 70,08% 0,01%
Approval to issue “B” ordinary
shares and/or options for cash
Ordinary Resolution Number 16: 99,99% 0,01% 344 103 012 70,08% 0,01%
Non-binding advisory vote on the
remuneration policy
Ordinary Resolution Number 17: 99,99% 0,01% 344 103 012 70,08% 0,01%
Non-binding advisory vote on the
implementation report of the
remuneration policy
Ordinary Resolution Number 18: 99,99% 0,01% 344 103 012 70,08% 0,01%
Directors’ authority to sign
documentation
Special Resolution Number 1: 99,99% 0,01% 344 103 012 70,08% 0,01%
To approve the remuneration of the non-
executive directors
Special Resolution Number 2: To approve 99,99% 0,01% 344 103 012 70,08% 0,01%
inter-company financial assistance
SPECIAL RESOLUTION NO. 3: 99,99% 0,01% 344 103 012 70,08% 0,01%
To approve financial assistance for the
subscription and/or purchase of shares
in the Company or in a related or
inter-related company
SPECIAL RESOLUTION NO. 4: 99,99% 0,01% 344 103 012 70,08% 0,01%
Approval for the Company or its
subsidiaries to repurchase shares of
the Company
The board of directors of AEEI, advises shareholders that, all the resolutions, were duly approved by the
requisite majority of shareholders present and voting.
Cape Town
28 February 2023
Joint Sponsor
Vunani Capital Sponsors
Joint Sponsor
Merchantec Capital
Date: 28-02-2023 12:30:00
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