ARGENT INDUSTRIAL LIMITED - Results of the Annual General Meeting

Results of the Annual General Meeting

Argent Industrial Limited
(Registration number 1993/002054/06)
(Incorporated in the Republic of South Africa)
Share Code: ART
ISIN: ZAE000019188
(“Argent” or “the Company” or “the Group”)

RESULTS OF THE ANNUAL GENERAL MEETING

Shareholders are hereby advised that the results of the voting at the annual general meeting
of the Company held at 10h00 today, Tuesday, 20 August 2019 at First Floor, Ridge 63, 8
Sinembe Crescent, La Lucia Ridge Office Estate, Umhlanga (“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      Number of      AGM as a             as a
 Resolutions               shares         shares         shares    percentage     percentage
 proposed at the          voted at       voted at       voted at   of shares in   of shares in
 AGM                         AGM            AGM            AGM           issue          issue
 Ordinary resolution
 number 1: Appoint
 Mr K Mapasa as an
 independent non-
 executive director          100%                0%   52 606 906       64.78%          0.02%
 Ordinary resolution
 number 2: Re-elect
 Mr PA Christofides
 as an independent
 non-executive
 director                    100%                0%   52 607 904       64.78%          0.02%
 Ordinary resolution
 number 3: Re-elect
 Mr CD Angus as an
 independent non-
 executive director          100%                0%   52 607 904       64.78%          0.02%
 Ordinary resolution
 number 4:
 Appointment of Mr
 PA Christofides as
 a member of the
 audit and risk
 committee                   100%                0%   52 607 904       64.78%          0.02%
 Ordinary resolution
 number 5:
 Appointment of Mr
 K Mapasa as a               100%                0%   52 606 906       64.78%          0.02%
 member of the
 audit and risk
 committee

 Ordinary resolution
 number 6:
 Appointment of
 Mr CD Angus as a
 member of the
 audit and risk
 committee                   100%               0%   52 607 904       64.78%          0.02%
 Ordinary resolution
 number 7: Re-
 appointment of
 auditor                     100%               0%   52 609 604       64.78%          0.02%
 Ordinary resolution
 number 8:
 Unissued shares
 placed
 under control of the
 directors                  99.94%           0.06%   52 607 904       64.78%          0.02%
 Ordinary resolution
 number 9: Non-
 binding
 endorsement of
 Argent’s
 remuneration policy
                            78.71%          21.29%   52 606 906       64.78%          0.02%
 Ordinary resolution
 number 10: Non-
 binding advisory
 vote on Argent’s
 implementation
 report on the
 remuneration policy
                            78.71%          21.29%   52 607 904       64.78%          0.02%
 Special resolution
 number 1:
 Remuneration of
 non-executive
 directors                  99.98%           0.02%   52 593 434       64.76%          0.04%
 Special resolution
 number 2: Inter-
 company loans              99.99%           0.01%   52 593 434       64.76%          0.04%
 Special resolution
 number 3: Share
 repurchases by the
 company and its
 subsidiaries               99.99%           0.01%   52 620 434       64.79%          0.01%

Note:
Total number of shares in issue as at the date of the AGM was 81 213 390.

Umhlanga
20 August 2019

Sponsor
PSG Capital

Date: 20/08/2019 12:39:00
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