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Report on proceedings at the inaugural annual general meeting
African Rainbow Capital Investments Limited
(Incorporated in the Republic of Mauritius)
(Registration number C148430)
Share code: AIL]
ISIN: MU0553S00000
("ARC Investments" or “the Company”)
Report on proceedings at the inaugural annual general meeting
At the first (1st) Annual General Meeting (“AGM”) of the shareholders of ARC Investments held yesterday, 13 November 2018 all the ordinary and special resolutions
proposed at the AGM were approved by the requisite majority of votes. In this regard, the Company confirms the voting statistics from the AGM as follows:
Number of votes (one vote per one A Ordinary share)
Shares voted in Shares voted
Resolutions favour in relation against in relation Shares abstained Shares voted
to the total shares to the total shares in relation to the in relation to
voted voted total issued the total
shares* issued shares*
Special Resolution 1 877 033 385 3 584 115 22 855 880 617 500
General Authority to acquire or repurchase shares in the Company (99.59%) (0.41%) (0.00%) (85.29%)
Special Resolution 2 773 547 797 107 058 238 34 320 880 606 035
General Authority of the Board to issue A Ordinary shares for cash (87.84%) (12.16%) (0.00%) (85.29%)
Ordinary Resolution 1 880 616 147 - 24 208 880 616 147
Consideration and approval of the Audited Annual Financial Statements (100.00%) (0.00%) (0.00%) (85.29%)
Ordinary Resolution 2
Appointment and re-appointment of Directors
2.1 Appointment of Dr R Mokate as a Director 880 520 397 - 119 958 880 520 397
(100.00%) (0.00%) (0.01%) (85.28%)
2.2 Appointment of Mr M Olivier as a Director 862 140 033 18 380 364 119 958 880 520 397
(97.91%) (2.09%) (0.01%) (85.28%)
2.3 Appointment of Mr C Msipha as a Director 880 484 008 36 389 119 958 880 520 397
(100.00%) (0.00%) (0.01%) (85.28%)
2.4 Appointment of MR T Lo-Seen Chong as a Director 880 503 828 16 569 119 958 880 520 397
(100.00%) (0.00%) (0.01%) (85.28%)
2.5 Appointment of Ms BN Radebe as a Director 880 520 397 - 119 958 880 520 397
(100.00%) (0.00%) (0.01%) (85.28%)
Ordinary Resolution 3
Appointment and re-appointment of members of the Audit and Risk Committee
3.1 Appointment of Mr C Msipha as a member of the Audit and Risk Committee 880 484 008 36 389 119 958 880 520 397
(100.00%) (0.00%) (0.01%) (85.28%)
3.2 Appointment of Mr T Lo-Seen Chong as a member of the Audit and Risk 709 718 861 170 801 536 119 958 880 520 397
Committee (80.60%) (19.40%) (0.01%) (85.28%)
3.3 Appointment of Dr R Mokate as a member of the Audit and Risk Committee 880 520 397 - 119 958 880 520 397
(100.00%) (0.00%) (0.01%) (85.28%)
Ordinary Resolution 4
Endorsement of Remuneration Policy and Implementation Report
4.1 Endorsement of Remuneration Policy 870 697 963 9 910 072 32 320 880 608 035
(98.87%) (1.13%) (0.00%) (85.29%)
4.2 Endorsement of Implementation Report 876 696 970 3 919 662 23 723 880 616 632
(99.55%) (0.45%) (0.00%) (85.29%)
Ordinary Resolution 5 880 557 920 50 177 32 258 880 608 097
Approval of Non-Executive Directors’ Remuneration (99.99%) (0.01%) (0.00%) (85.29%)
Ordinary Resolution 6
Re-appointment of the Independent Auditor
6.1 Re-appointment of PricewaterhouseCoopers Inc as Registered Independent
Auditor, and Chantel van den Heever as designated audit partner for JSE 851 177 045 29 440 455 22 855 880 617 500
regulatory matters until the next Annual General Meeting (96.66%) (3.34%) (0.00%) (85.29%)
6.2 Re-appointment of PricewaterhouseCoopers as Registered Independent
Auditor, and Gilles Beesoo as designated audit partner for Mauritian regulatory 851 177 045 29 440 455 22 855 880 617 500
matters until the next Annual General Meeting (96.66%) (3.34%) (0.00%) (85.29%)
Ordinary Resolution 7 880 611 500 - 28 855 880 611 500
General Authority of the Company (100.00%) (0.00%) (0.00%) (85.29%)
*Total issued shares are 1 032 470 588.
The above results of the Annual General Meeting will be lodged with the Financial Services Commission in Mauritius on 14 November 2018 and published in two
newspapers in Mauritius.
By order of the Board of Directors
Ebene, Mauritius (with simultaneous circulation in Johannesburg)
14 November 2018
For further information please contact:
Company Secretary:
Intercontinental Trust Limited
Tel: +230 403 0800
JSE Sponsor:
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Tel: + +27 11 282 8231
Date: 14/11/2018 08:40:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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