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Report on proceedings at the annual general meeting
African Rainbow Capital Investments Limited
(Incorporated in the Republic of Mauritius
(Registration number C148430)
JSE and A2X Share code: AIL
ISIN: MU0553S00000
("ARC Investments" or "the Company")
REPORT ON PROCEEDINGS AT THE ANNUAL GENERAL MEETING
At the sixth (6th) Annual General Meeting ("AGM") of the shareholders of ARC Investments held on Tuesday 14th November 2023, all the ordinary resolutions and one
special resolution proposed at the meeting were approved by the requisite majority of votes. In this regard, the Company confirms the voting statistics from the AGM as
follows:
Number of votes (one vote per one A ordinary share)
Votes cast disclosed as a Number of shares Shares voted Shares abstained
percentage in relation to the total voted disclosed as a disclosed as a
number of shares voted at the percentage in percentage in
Resolutions meeting relation to the relation to the total
total issued issued shares*
shares*
For Against
Ordinary resolution 1
Consideration and approval of the
Audited Annual Financial Statements 100% 0% 1,201,323,418 88.62% 0%
for the year ended 30th June 2023
Ordinary resolution 2
Election and re-election of Directors
2.1 Election and re-election of Mr. Mark
Olivier as a Director 99.88% 0.12% 1,201,323,418 88.62% 0%
2.2 Election and re-election of Mrs.
Smitha Algoo-Bissonauth as a Director 99.15% 0.85% 1,201,323,418 88.62% 0%
Ordinary Resolution 3
Election of members of the Audit
Committee
3.1 Election of Mr. Clive Msipha as a
member of the Audit Committee 99.99% 0.01% 1,201,323,418 88.62% 0%
3.2 Election of Mrs. Smitha Algoo
Bissonauth as a member of the Audit 84.04% 15.96% 1,201,323,418 88.62% 0%
Committee
3.3 Election of Dr. Renosi Mokate as a
member of the Audit Committee 84.89% 15.11% 1,201,323,418 88.62% 0%
3.4 Election of Mr. Anil Currimjee as a
member of the Audit Committee 99.99% 0.01% 1,201,323,418 88.62% 0%
Ordinary Resolution 4
Re-appointment of auditors
4.1 Re-appointment of
PricewaterhouseCoopers Inc. as an
auditor of the Company and the
appointment of Mr. John Li How 99.99% 0.01% 1,201,322,889 88.62% 0%
Cheong as the individual registered
auditor
Ordinary Resolution 5
General authority for directors to allot
and issue A-ordinary shares for cash 81.53% 18.47% 1,201,167,129 88.61% 0%
Ordinary Resolution 6
Non-binding advisory vote on the
Company's remuneration policy 99.71% 0.29% 1,201,167,129 88.61% 0%
Ordinary Resolution 7
Non-binding advisory vote on the
Company's remuneration 99.71% 0.29% 1,201,164,129 88.61% 0%
implementation report
Ordinary Resolution 8
Approval of remuneration payable to
non-executive directors 99.97% 0.03% 1,201,167,129 88.61% 0%
Ordinary Resolution 9
Authorize any Director/Authorized
Signatory to act on behalf of the 100% 0% 1,201,164,129 88.61% 0%
Company
Special Resolution 1
Repurchase of Company's shares 99.79% 0.21% 1,201,167,129 88.61% 0%
*Total issued shares is 1 355 529 552 A ordinary shares.
Ebene, Mauritius (with simultaneous circulation in Johannesburg)
15 November 2023
For further information please contact:
Company Secretary
Intercontinental Trust Limited
Tel: +230 430 0800
JSE Sponsor
Deloitte & Touche Sponsor Services Proprietary Limited
Date: 15-11-2023 04:41:00
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