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AFRICAN MEDIA ENTERTAINMENT LIMITED - Results of Annual General Meeting ("the AGM")

Release Date: 22/08/2019 15:05
Code(s): AME     PDF:  
 
Wrap Text
Results of Annual General Meeting ("the AGM")

AFRICAN MEDIA ENTERTAINMENT LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1926/008797/06)
Share Code: AME         ISIN: ZAE000055802
(“the Company”)


RESULTS OF ANNUAL GENERAL MEETING (“the AGM”)


Shareholders are advised that all the resolutions proposed at the AGM of the Company held on
Thursday, 22 August 2019 were passed by the requisite majorities of shareholders.

Details of the resolutions and the voting are contained in the table below. The issued share capital of
the Company is 8 022 034 ordinary shares, of which 7 932 759 were entitled to vote at the General
Meeting.

                                                                 Votes in      Votes
                                                                  favour:    against:
                                             Total number of         % of       % of
                                            votes cast: (% of        total      total   Abstentions:
                                                issued share        votes      votes     % of issued
Resolution proposed                                  capital)        cast       cast    share capital
Ordinary resolution number 1:
To adopt the annual financial             5 205 762 (65.62%)        100%          0%               0%
statements for the year ended 31
March 2019

Ordinary resolution number 2:
To place the unissued shares under        5 180 584 (65.31%)      60.47%      39.53%            0.32%
the control of the directors

Ordinary resolution number 3:
Re-election of non-executive directors
3.1 To re-elect Mr. MJ Prinsloo as a      5 205 762 (65.62%)        100%          0%               0%
non-executive director
3.2 To re-elect Mr. N Sooka as a non-     5 205 762 (65.62%)      96.72%       3.28%               0%
executive director

Ordinary resolution number 4:
To re-appoint BDO South Africa as the     5 205 762 (65.62%)        100%          0%               0%
independent auditor

Ordinary resolution number 5:
Re-election of audit and risk committee
members
5.1 To re-elect Mr. N Sooka as a          5 205 762 (65.62%)      96.72%       3.28%               0%
member and chairman of the audit and
risk committee
5.2 To re-elect Mr. MJ Prinsloo as a      5 205 762 (65.62%)        100%          0%               0%
member of the audit and risk
committee
5.3 To re-elect Mrs. J Edwards as a       5 205 762 (65.62%)        100%          0%               0%
member of the audit and risk
committee

Ordinary resolution number 6:
Re-election of social and ethics
committee members
6.1 To elect Mrs K Williams Thipe as a      5 205 762 (65.62%)   100%   0%   0%
member and chairman of the social
and ethics committee
6.2 To re-elect Mrs J Edwards as a          5 205 762 (65.62%)   100%   0%   0%
member of the social and ethics
committee
6.3 To re-elect Mr. ACG Molusi as a         5 205 762 (65.62%)   100%   0%   0%
member of the social and ethics
committee

Ordinary resolution number 7:
To     grant    authority   to     sign     5 205 762 (65.62%)   100%   0%   0%
documentation

Non-binding      ordinary    resolution
number 8:                                   5 205 762 (65.62%)   100%   0%   0%
To approve the remuneration policy

Special resolution number 1:
To approve a general authority to           5 205 762 (65.62%)   100%   0%   0%
acquire the company's own shares
Special resolution number 2:
To     approve     the    non-executive     5 205 762 (65.62%)   100%   0%   0%
directors’ remuneration

Special resolution number 3:
To approve financial assistance to          5 205 762 (65.62%)   100%   0%   0%
related and inter-related entities to the
company

Special resolution number 4:
To approve financial assistance for         5 205 762 (65.62%)   100%   0%   0%
the subscription for or purchase of
securities by related or inter-related
entities to the company

By order of the board.


Johannesburg
22 August 2019


Sponsor
Arbor Capital Sponsors Proprietary Limited

Date: 22/08/2019 03:05:00
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