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Results of the 2018 Annual General Meeting and Business Update
Afrimat Limited
Incorporated in the Republic of South Africa
(Registration number: 2006/022534/06)
Share code: AFT ISIN: ZAE000086302
(“Afrimat” or “the Company”)
RESULTS OF THE 2018 ANNUAL GENERAL MEETING AND BUSINESS UPDATE
Afrimat shareholders are advised that at the annual general meeting (‘AGM’) of shareholders held on
Wednesday, 1 August 2018, all the ordinary and special resolutions as set out in the notice of AGM,
were approved by the requisite majority of shareholders present or represented by proxy.
The meeting was represented by 109 193 885 Afrimat shares voting in person or by proxy. This
represents 76.23% of the total issued share capital that can be exercised at the meeting.
All resolutions proposed at the AGM, together with the percentage of shares abstained (as a percentage
of total issued share capital that can be exercised of the Company), ordinary shares voted (as a
percentage of total issued share capital that can be exercised of the Company) as well as the percentage
of votes carried for and against each resolution (as a percentage of shares voted), are as follows:
Ordinary resolution number 1: Adoption of the 2018 annual financial statements
For Against Abstain Shares voted
109 086 843 31 928 296 740 109 118 771
99.97% 0.03% 0.21% 76.18%
Ordinary resolution number 2: Issuing unissued shares or other equity securities for cash
For Against Abstain Shares voted
86 761 893 22 299 407 354 211 109 061 300
79.55% 20.45% 0.25% 76.14%
Ordinary resolution number 3: To place unissued shares under the directors’ control
For Against Abstain Shares voted
101 247 281 7 832 876 335 354 109 080 157
92.82% 7.18% 0.23% 76.15%
Ordinary resolution number 4: Re-election of Mrs. Phuti RE Tsukudu as a director of the Company
For Against Abstain Shares voted
108 513 713 477 045 424 753 108 990 758
99.56% 0.44% 0.30% 76.09%
Ordinary resolution number 5: Re-election of Mr. Marthinus W von Wielligh as a director of the Company
For Against Abstain Shares voted
103 355 601 5 616 300 443 610 108 971 901
94.85% 5.15% 0.31% 76.08%
Ordinary resolution number 6: Re-election of Mr Francois M Louw as a director of the Company
For Against Abstain Shares voted
108 869 748 82 996 462 767 108 952 744
99.92% 0.08% 0.32% 76.07%
Ordinary resolution number 7.1: Re-election of Mr. Loyiso Dotwana as a member of the Audit & Risk
Committee
For Against Abstain Shares voted
98 669 999 10 314 373 431 139 108 984 372
90.54% 9.46% 0.30% 76.09%
Ordinary resolution number 7.2: Re-election of Mr. Helmut N Pool as a member of the Audit & Risk
Committee
For Against Abstain Shares voted
108 895 290 89 392 430 839 108 984 672
99.92% 0.08% 0.30% 76.09%
Ordinary resolution number 7.3: Re-election of Mr. Jacobus F van der Merwe as a member of the Audit
& Risk Committee
For Against Abstain Shares voted
108 875 290 89 382 450 839 108 964 672
99.92% 0.08% 0.31% 76.07%
Ordinary resolution number 7.4: Re-election of Mr. Hendrik JE van Wyk as a member of the Audit & Risk
Committee
For Against Abstain Shares voted
108 585 926 398 746 430 839 108 984 672
99.63% 0.37% 0.30% 76.09%
Ordinary resolution number 7.5: Re-election of Mr. Marthinus W von Wielligh as a member of the Audit
& Risk Committee
For Against Abstain Shares voted
98 670 299 10 314 373 430 839 108 984 672
90.54% 9.46% 0.30% 76.09%
Ordinary resolution number 8: To authorise the directors to reappoint the auditor,
PricewaterhouseCoopers Inc. together with Mr. Frans Weilbach as the individual registered auditor and
to fix their remuneration
For Against Abstain Shares voted
108 952 761 102 153 360 597 109 054 914
99.91% 0.09% 0.25% 76.14%
Ordinary resolution number 9: Non-binding advisory vote – Remuneration policy
For Against Abstain Shares voted
95 587 325 13 435 661 392 525 109 022 986
87.68% 12.32% 0.27% 76.11%
Ordinary resolution number 10: To approve the implementation report in terms of King IV
For Against Abstain Shares voted
106 481 540 2 541 146 392 825 109 022 686
97.67% 2.33% 0.27% 76.11%
Ordinary resolution number 11: To approve the new share appreciation rights (‘SAR’s’) plan rules
For Against Abstain Shares voted
101 341 724 7 719 576 354 211 109 061 300
92.92% 7.08% 0.25% 76.14%
Ordinary resolution number 12: To authorise the directors or the company secretary to sign
documentation
For Against Abstain Shares voted
108 920 515 172 413 322 583 109 092 928
99.84% 0.16% 0.23% 76.16%
Special resolution number 1: To give directors general authority to repurchase the Company’s own shares
For Against Abstain Shares voted
108 527 328 440 059 226 498 108 967 387
99.60% 0.40% 0.16% 76.08%
Special resolution number 2: Approval to pay fixed fee annual payments to non-executive directors
For Against Abstain Shares voted
105 531 406 3 565 959 318 146 109 097 365
96.73% 3.27% 0.22% 76.17%
Special resolution number 3: Authority to give financial assistance for subscription of securities
For Against Abstain Shares voted
102 785 193 6 346 350 283 969 109 131 542
94.18% 5.82% 0.20% 76.19%
Special resolution number 4: General authority to provide financial assistance to related or inter-related
companies and others
For Against Abstain Shares voted
108 969 348 149 423 296 740 109 118 771
99.86% 0.14% 0.21% 76.18%
Special resolution number 5: Amendments to the memorandum of incorporation (‘MOI’)
For Against Abstain Shares voted
106 640 814 2 535 128 239 569 109 175 942
97.68% 2.32% 0.17% 76.22%
Following the annual general meeting, a business update was presented by Mr. Andries J van Heerden,
the Chief Executive Officer. This presentation is available on the Company’s website www.afrimat.co.za.
2 August 2018
Cape Town
Sponsor: Bridge Capital Advisors Proprietary Limited
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