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Results of the 2019 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 2019 ANNUAL GENERAL MEETING AND BUSINESS UPDATE
Afrimat shareholders are advised that at the annual general meeting (“AGM”) of shareholders held on
Wednesday, 31 July 2019, 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.
Afrimat had 143 262 412 ordinary shares in issue at the time of the AGM. The meeting was represented
by 111 453 927 Afrimat shares voting in person or by proxy. This represents 78,1% 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 2019 annual financial statements
For Against Abstain Shares voted
111 026 045 114 174 296 755 111 157 172
99.90% 0.10% 0.21% 77.59%
Ordinary resolution number 2: Issuing unissued shares or other equity securities for cash
For Against Abstain Shares voted
90 900 852 20 239 367 378 707 111 075 220
81.79% 18.21% 0.26% 77.53%
Ordinary resolution number 3: To place unissued ordinary shares under the directors’ control
For Against Abstain Shares voted
101 168 061 9 972 158 378 707 111 075 220
91.03% 8.97% 0.26% 77.53%
Ordinary resolution number 4: Re-election of Mr. Helmut N Pool as a director of the Company
For Against Abstain Shares voted
110 964 082 176 137 408 136 111 045 791
99.84% 0.16% 0.28% 77.51%
Ordinary resolution number 5: Re-election of Mr. Johannes HP van der Merwe as a director of the
Company
For Against Abstain Shares voted
102 170 657 8 969 562 395 660 111 058 267
91.93% 8.07% 0.28% 77.52%
Ordinary resolution number 6: Election of Mr. Gert Coffee as a director of the Company
For Against Abstain Shares voted
102 153 692 8 986 527 395 660 111 058 267
91.91% 8.09% 0.28% 77.52%
Ordinary resolution number 7.1: Re-election of Mr. Loyiso Dotwana as a member of the Audit & Risk
Committee
For Against Abstain Shares voted
102 755 738 8 384 481 394 263 111 059 664
92.46% 7.54% 0.28% 77.52%
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
110 943 103 197 116 412 612 111 041 315
99.82% 0.18% 0.29% 77.51%
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
110 932 636 207 583 395 660 111 058 267
99.81% 0.19% 0.28% 77.52%
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
109 476 677 1 663 542 395 660 111 058 267
98.50% 1.50% 0.28% 77.52%
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
102 764 375 8 375 844 404 136 111 049 791
92.46% 7.54% 0.28% 77.51%
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
111 067 711 72 508 415 423 111 038 504
99.93% 0.07% 0.29% 77.51%
Ordinary resolution number 9: Non-binding advisory vote – Remuneration policy
For Against Abstain Shares voted
102 742 164 8 398 055 415 423 111 038 504
92.44% 7.56% 0.29% 77.51%
Ordinary resolution number 10: To approve the implementation report in terms of King IV
For Against Abstain Shares voted
105 188 344 5 951 875 508 661 110 945 266
94.64% 5.36% 0.36% 77.44%
Ordinary resolution number 11: To approve the new forfeitable share plan (“FSP”) rules
For Against Abstain Shares voted
103 300 093 7 840 126 474 756 110 979 171
92.95% 7.05% 0.33% 77.47%
Ordinary resolution number 12: To authorise the directors of the Company or the Company Secretary
to sign documentation
For Against Abstain Shares voted
111 085 282 54 937 474 756 110 979 171
99.95% 0.05% 0.33% 77.47%
Special resolution number 1: To give directors general authority to repurchase Company shares
For Against Abstain Shares voted
111 015 920 124 299 313 708 111 140 219
99.89% 0.11% 0.22% 77.58%
Special Resolution Number 2.1: To give the Company general authority to pay fixed fee annual payments
to non-executive directors - Afrimat Chairman
For Against Abstain Shares voted
110 658 975 481 244 364 565 111 089 362
99.57% 0.43% 0.25% 77.54%
Special Resolution Number 2.2: To give the Company general authority to pay fixed fee annual payments
to non-executive directors - Afrimat Non-executive director
For Against Abstain Shares voted
110 608 095 532 124 364 565 111 089 362
99.52% 0.48% 0.25% 77.54%
Special Resolution Number 2.3.1: To give the Company general authority to pay fixed fee annual
payments to non-executive directors - Audit & Risk Committee Chairman
For Against Abstain Shares voted
110 650 607 489 612 339 136 111 114 791
99.56% 0.44% 0.24% 77.56%
Special Resolution Number 2.3.2: To give the Company general authority to pay fixed fee annual
payments to non-executive directors - Audit & Risk Committee Member
For Against Abstain Shares voted
110 701 443 438 776 347 613 111 106 314
99.61% 0.39% 0.24% 77.55%
Special Resolution Number 2.4.1: To give the Company general authority to pay fixed fee annual
payments to non-executive directors - Remuneration Committee Chairman
For Against Abstain Shares voted
110 658 939 481 280 373 041 111 080 886
99.57% 0.43% 0.26% 77.54%
Special Resolution Number 2.4.2: To give the Company general authority to pay fixed fee annual
payments to non-executive directors - Nominations Committee Chairman
For Against Abstain Shares voted
110 658 865 481 354 389 994 111 063 933
99.57% 0.43% 0.27% 77.52%
Special Resolution Number 2.4.3: To give the Company general authority to pay fixed fee annual
payments to non-executive directors - Remuneration & Nominations Committee Member
For Against Abstain Shares voted
110 701 108 439 111 432 375 111 021 552
99.60% 0.40% 0.30% 77.50%
Special Resolution Number 2.5.1: To give the Company general authority to pay fixed fee annual
payments to non-executive directors - Social & Ethics and Sustainability Committee Chairman
For Against Abstain Shares voted
110 667 383 472 836 381 518 111 072 409
99.57% 0.43% 0.27% 77.53%
Special Resolution Number 2.5.2: To give the Company general authority to pay fixed fee annual
payments to non-executive directors - Social & Ethics and Sustainability Committee Member
For Against Abstain Shares voted
110 701 275 438 944 389 994 111 063 933
99.61% 0.39% 0.27% 77.52%
Special Resolution Number 2.6: To give the Company general authority to pay fixed fee annual payments
to non-executive directors - Investment Review Committee Chairman
For Against Abstain Shares voted
110 667 383 472 836 381 518 111 072 409
99.57% 0.43% 0.27% 77.53%
Special resolution number 3: Provision of financial assistance for subscription of securities
For Against Abstain Shares voted
103 466 546 7 673 673 344 802 111 109 125
93.10% 6.90% 0.24% 77.56%
Special resolution number 4: General authority to provide financial assistance to related or inter-related
companies and others
For Against Abstain Shares voted
110 999 896 140 323 370 231 111 083 696
99.87% 0.13% 0.26% 77.54%
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.
1 August 2019
Cape Town
Sponsor: Bridge Capital Advisors Proprietary Limited
Date: 01/08/2019 05:38:00
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