EFORA ENERGY LIMITED - Results of the Annual General Meeting

Results of the Annual General Meeting

EFORA ENERGY LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1993/000460/06)
JSE Share Code: EEL
ISIN: ZAE000248258
(“Efora” or “the Company”)

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, Friday, 16 August 2019 at Efora Energy Limited, 1st
Floor, 12 Culross Road, Bryanston (“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     Number of        voted at      abstained
                          number of      number of        shares        AGM as a           as a
 Resolutions                 shares         shares      voted at      percentage     percentage
 proposed at the           voted at       voted at       AGM per    of shares in   of shares in
 AGM                           AGM             AGM    resolution           issue          issue
 
Ordinary resolution
number 1:
Confirmation of
directors’
appointment – Ms
Zanele Radebe             99.997%         0.003%     959 031 898       86.88%          0.04%

Ordinary resolution
number 2:
Confirmation of
directors’
appointment – Mr
Vuyo Ngonyama             99.997%         0.003%     959 031 898       86.88%          0.04%

Ordinary resolution
number 3:
Confirmation of
executive directors’
appointment – Ms
Tariro Gadzikwa           99.997%         0.003%     959 031 898       86.88%          0.04%

Ordinary resolution
number 4:
Reappointment of
external auditors
and designated
audit partner             99.997%         0.003%     959 031 898       86.88%          0.04%

Ordinary resolution
number 5: Re-
election of a              99.98%          0.02%     959 031 898       86.88%          0.04%
director who retires
by rotation – Mr
Boas Seruwe

Ordinary resolution
number 6: Re-
election of a
director who retires
by rotation – Mr
Patrick Mngconkola        99.98%           0.02%    959 031 898        86.88%         0.04%

Ordinary resolution
number 7: Election
of audit and risk
committee
members – Ms
Zanele Radebe             99.99%          0.01%     959 031 898        86.88%         0.04%

Ordinary resolution
number 8: Election
of audit and risk
committee
members – Mr
Vuyo Ngonyama             99.99%         0.01%     959 031 898         86.88%        0.04%

Ordinary resolution
number 9: Re-
election of
audit and risk
committee
members – Ms
Thuto Masasa             99.99%         0.01%     959 031 898         86.88%        0.04%

Ordinary resolution
number 10:
Endorsement of
remuneration policy      99.51%         0.49%     959 030 799         86.88%        0.04%

Ordinary resolution
number 11:
Endorsement of
remuneration
implementation
report                   99.53%        0.47%     959 030 799          86.88%        0.04%

Ordinary resolution
number 12:
General authority to
directors to allot
and issue
authorised but
unissued ordinary
shares                   0.60%        99.40%     959 031 898         86.88%        0.04%

Ordinary resolution
number 13:
General authority to
issue shares for
cash                     0.58%        99.42%     959 031 898         86.88%       0.04%

Ordinary resolution
number 14:
Authority               99.99%         0.01%     959 031 898         86.88%       0.04%
to sign all required
documents

Special resolution
number 1: General
authority to acquire
(repurchase)
shares                   99.51%         0.49%    959 029 478         86.88%      0.05%

Special resolution
number 2:
Remuneration of
Non-executive
Directors                99.97%         0.03%    959 061 511         86.88%     0.04%

Special resolution
number 3: Financial
assistance for
subscription or
purchase of
ordinary shares in
related or inter-
related entities in
terms of section 44
of the Companies
Act                      99.99%        0.01%    959 062 610         86.88%     0.04%

Special resolution
number 4: Direct or
indirect financial
assistance to any
company related or
interrelated to the
Company or to any
juristic person who
is a member of or
related to any such
companies                99.97%         0.03%    959 062 610       86.88%     0.04%

Note:
Total number of shares in issue as at the date of the AGM was 1 103 834 635.

Johannesburg
16 August 2019

Sponsor
PSG Capital

Date: 16/08/2019 04:17:00
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