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Results of the Annual General Meeting
AFRICAN EQUITY EMPOWERMENT
INVESTMENTS 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:
• 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 414 241 684 shares being 84,36% of the total number of shares in issue.
• Abstentions are represented below as a percentage of total number of shares in issue
while the shares voted for and against are represented below as a percentage of the
shares voted.
Shareholders are further advised that the results of the voting at the annual general meeting
of the Company held electronically at 14:00 on Thursday, 24 February 2022 (“AGM”) are as
follows:
Votes
Votes for against
resolution resolution
as a as a Number of Number of
percentage percentage shares shares
of total of total voted at abstained
number of number of AGM as a as a
Resolutions shares shares Number of percentage percentage
proposed at the voted at voted at shares voted of shares in of shares in
AGM AGM AGM at AGM issue issue
Ordinary resolution
number 1: To
appoint the
following Director: 81,78% 18,22% 413 940 684 84,30% 0,06%
Ambassador
Membathisi
Mdladlana
Ordinary resolution
number 2: To
appoint the 81,78% 18,22% 413 950 684 84,30% 0,06%
following Director:
Stephen Nthite
Ordinary resolution
number 3: To re-
elect the following
Director who retires 81,78% 18,22% 413 950 684 84,30% 0,06%
by rotation:
Aziza Amod
Ordinary resolution
number 4: To re-
elect the following
Director who retires 81,78% 18,22% 413 950 684 84,30% 0,06%
by rotation:
Bongikhaya Qama
Ordinary resolution
number 5: To
appoint the
following member
of the audit and risk 81,77% 18,23% 413 685 684 84,25% 0,11%
committee:
Bongikhaya Qama
Ordinary resolution
number 6: To
appoint the
following member
of the audit and risk 81,78% 18,22% 413 950 684 84,30% 0,06%
committee:
Stephen Nthite
Ordinary resolution
number 7: To re-
appoint the
following member
of the audit and risk 99,99% 0,01% 413 368 434 84,19% 0,18%
committee:
Willem
Raubenheimer
Ordinary resolution
number 8: To
appoint the
following member
of the social, ethics 81,63% 18,37% 413 950 684 84,30% 0,06%
and transformation
committee:
Gaamiem Colbie
Ordinary resolution
number 9: To
appoint the
following member
of the social, ethics 81,77% 18,23% 413 685 684 84,25% 0,11%
and transformation
committee:
Aziza Amod
Ordinary resolution
number 10: To
appoint the
following member 81,78% 18,22% 413 940 684 84,30% 0,06%
of the social, ethics
and transformation
committee:
Ambassador
Membathisi
Mdladlana
Ordinary resolution
number 11: To re-
appoint the
following member
of the social, ethics 81,78% 18,22% 413 950 684 84,30% 0,06%
and transformation
committee:
Bongikhaya Qama
Ordinary resolution
number 12: To
appoint joint
auditors: Crowe 83,79% 16,21% 413 950 684 84,30% 0,06%
JHB and THAWT
Inc.
Ordinary resolution
number 13: Control
of authorised but
unissued “B” 81,57% 18,43% 413 950 684 84,30% 0,06%
ordinary shares
Ordinary resolution
number 14:
Approval to issue
“B” ordinary shares 81,57% 18,43% 413 950 684 84,30% 0,06%
and/or options for
cash
Ordinary resolution
number 15: Non-
binding advisory
vote on the
Remuneration 81,57% 18,43% 413 950 684 84,30% 0,06%
policy of the
Company
Ordinary resolution
number 16: Non-
binding advisory
vote on the
Implementation of 81,57% 18,43% 413 950 684 84,30% 0,06%
the remuneration
policy of the
Company
Ordinary resolution
number 17: To give
directors authority 84,00% 16,00% 413 950 684 84,30% 0,06%
to sign documents
Special resolution 81,57% 18,43% 413 950 684 84,30% 0,06%
number 1: To
approve the
remuneration of the
non-executive
Directors
Special resolution
number 2: To
approve inter-
company financial 81,57% 18,43% 413 950 684 84,30% 0,06%
assistance
Special resolution
number 3: To
approve financial
assistance for the
subscription or
purchase of shares 81,78% 18,22% 413 950 684 84,30% 0,06%
in the Company or
in a related or inter-
related company
Special resolution
number 4: Approval
for the Company or
its subsidiaries to 81,78% 18,22% 413 950 684 84,30% 0,06%
repurchase shares
of the Company
Special resolution
number 5: Approval
for the amendment
of the
Memorandum of
Incorporation of the 81,57% 18,43% 413 950 684 84,30% 0,06%
Company in
relation to
distributions
The board of directors of the Company advises shareholders that, all the resolutions were duly
approved by the requisite majority of shareholders present and voting.
Cape Town
25 February 2022
Joint Sponsor
Vunani Capital
Joint Sponsor
Merchantec Capital
Date: 25-02-2022 03:59:00
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