AVI LIMITED - Results of Annual General Meeting

Results of Annual General Meeting

AVI Limited
Registration Number 1944/017201/06
Share Code: AVI
ISIN: ZAE000049433
(“AVI”)

RESULTS OF ANNUAL GENERAL MEETING

Shareholders are advised that the voting results for the Annual General Meeting (“AGM”) of AVI held at 11h00 on
Thursday, 1 November 2018 were as follows:


Resolution                  Resolution                   Number of      Percentage      For***      Against***     Abstained*
                                                        shares voted    of shares in
    Number                                                                                 %               %             %
                                                                           issue*
                                                                             %

1            Ordinary resolution                        268 779 151    80.13           100.00       0.00          0.28
             Approval of annual financial statements

2            Ordinary resolution                        268 779 049    80.13           100.00       0.00          0.28
             Appointment of Ernst & Young Inc. as
             the external auditors

3            Ordinary resolution                        268 757 858    80.12           94.69        5.31          0.29
             Re-election of A Nuhn as a director

4            Ordinary resolution                        268 756 584    80.12           99.96        0.04          0.29
             Re-election of MJ Bosman as a director

5            Ordinary resolution                        268 756 445    80.12           99.93        0.07          0.29
             Re-election of A Thebyane as a director

6            Ordinary resolution                        268 756 564    80.12           100.00       0.00          0.29
             Appointment of MJ Bosman as a
             member and Chairman of the Audit and
             Risk Committee

7            Ordinary resolution                        268 756 445    80.12           100.00       0.00          0.29
             Appointment of NP Dongwana as a
             member of the Audit and Risk
             Committee

8            Ordinary resolution                        268 758 087    80.12           76.80        23.20         0.29
             Appointment of JR Hersov as a member
             of the Audit and Risk Committee

9            Special resolution                         268 735 215    80.12           99.95        0.05          0.30
             Increase in fees payable to non-
             executive directors, excluding the
             Chairman of the Board and foreign non-
             executive director
10           Special resolution                          268 728 004   80.12          98.00        2.00          0.30
             Increase in fees payable to the Chairman
             of the Board

11           Special resolution                          268 727 784   80.12          99.96        0.04          0.30
             Increase in fees payable to the foreign
             non-executive director

12           Special resolution                          268 728 103   80.12          99.98        0.02          0.30
             Increase in fees payable to members of
             the Remuneration, Nomination and
             Appointments Committee

13           Special resolution                          268 730 216   80.12          99.98        0.02          0.30
             Increase in fees payable to members of
             the Audit and Risk Committee

14           Special resolution                          268 728 083   80.12          99.97        0.03          0.30
             Increase in fees payable to members of
             the Social and Ethics Committee

15           Special resolution                          268 728 155   80.12          99.97        0.03          0.30
             Increase in fees payable to the Chairman
             of the Remuneration, Nomination and
             Appointments Committee

16           Special resolution                          268 728 155   80.12          99.97        0.03          0.30
             Increase in fees payable to the Chairman
             of the Audit and Risk Committee

17           Special resolution                          268 728 155   80.12          99.97        0.03          0.30
             Increase in fees payable to the Chairman
             of the Social and Ethics Committee

18           Special resolution                          261 784 359   79.70**        99.99        0.01          0.30**
             General authority to buy-back shares

19           Special resolution                          268 741 663   80.12          98.59        1.41          0.30
             Authority to provide financial assistance

20           Ordinary Resolution                         268 735 756   80.12          92.49        7.51          0.30
             Non-binding advisory vote to endorse
             the remuneration policy
             Ordinary Resolution
21                                                       268 748 332   80.12          92.90        7.10          0.29
             Non-binding advisory vote to endorse
             the implementation report


*Based on 335 427 096 shares (excludes 17 234 352 treasury shares) in issue at the date of the AGM.
**Based on 328 466 534 shares (excludes 17 234 352 treasury shares and 6 960 562 share scheme shares) in issue at the
date of the AGM.
***In relation to the total number of shares voted at the AGM.
Based on the above results, all resolutions were passed by the requisite majority of AVI shareholders present in person or
represented by proxy at the AGM.

Illovo
Sandton
1 November 2018


Sponsor
The Standard Bank of South Africa Limited

Date: 01/11/2018 02:35:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.