AFRICAN PHOENIX INVESTMENTS LIMITED - Results of Annual General Meeting

Results of Annual General Meeting

AFRICAN PHOENIX INVESTMENTS LIMITED
Incorporated in the Republic of South Africa
(Registration number 1946/021193/06)
JSE ordinary share code: AXL    ISIN: ZAE000221370
(“African Phoenix” or “the Company”)


RESULTS OF ANNUAL GENERAL MEETING


Shareholders are advised that, at the Annual General Meeting of African Phoenix held on Thursday,
27 May 2020, all the resolutions as set out in the notice of Annual General Meeting were passed by the
requisite majority of shareholders, save for ‘Ordinary resolution number 3.2: Appointment of Warren
Chapman as a member of the Audit and Risk Committee’, which was withdrawn prior to the Annual General
Meeting.

The number of ordinary shares voted in person or by proxy was 1 304 748 847 representing 91.43% of the
total issued share capital of the same class of African Phoenix shares.

The resolutions proposed at the Annual General Meeting, together with the percentage of votes carried for
and against each resolution, as well as the percentage of shares abstained, are set out below:


                                                             % of votes
                                                            carried for     % of votes
                                                                    the    against the    % of shares
 Resolution                                                  resolution     resolution      abstained

 Ordinary resolution number 1: Appointment of external
 auditors                                                        99.97%          0.03%          0.06%

 Ordinary resolution number 2: Appointment and re-
 election of directors                                                -              -              -

 2.1: Appointment of Mr Warren Chapman as a
 non-executive director                                          99.91%          0.09%          0.06%

 2.2: Appointment of Mr Koketso Mabe as an independent
 non-executive director                                          99.98%          0.02%          0.06%

 2.3: Appointment of Mr Oyama Mabandla as an executive
 director                                                        99.81%          0.19%          0.06%

 Ordinary resolution number 3: Appointment of the
 Chairperson and members of the Audit and Risk
 Committee                                                            -              -              -

 3.1: Appointment of Mr Koketso Mabe as a member and
 chairperson of the Audit and Risk Committee                     99.98%          0.02%          0.06%

 3.2: Appointment of Mr Warren Chapman as a member of
 the Audit and Risk Committee                                         -              -              -

 Ordinary resolution number 4: Non-binding advisory
 endorsement of the remuneration policy and
 implementation report                                                -              -              -

 4.1: Non-binding advisory vote on the remuneration policy       83.32%         16.68%          0.06%

 4.2: Non-binding advisory vote on the remuneration
 implementation report                                           83.32%         16.68%          0.06%

 Ordinary resolution number 5: Signature of documents            99.99%          0.01%          0.06%

 Special resolution number 1: Non-executive directors’
 remuneration                                                    99.97%          0.03%          0.06%

 Special resolution number 2: Financial assistance to
 related or inter-related companies or undertakings              99.97%          0.03%          0.06%

 Special resolution number 3: General approval to
 acquire ordinary shares                                         99.94%          0.06%          0.06%


Johannesburg
28 May 2020

Sponsor
Merchantec Capital

Date: 28-05-2020 05:05:00
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