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AFRICAN EQUITY EMPOWERMENT INVESTMENTS LIMITED - Results of the Annual General Meeting

Release Date: 26/02/2021 17:12
Code(s): AEE     PDF:  
Wrap Text
Results of the Annual General Meeting

AFRICAN EQUITY EMPOWERMENT
INVESTMENTS LIMITED
(Incorporated in the Republic of South Africa)
Registration number 1996/006093/06
Share code: AEE
ISIN: ZAE000195731
("AEEI" or "the Company")

RESULTS OF THE ANNUAL GENERAL MEETING

Shareholders are advised that, at the annual general meeting of AEEI held electronically at
14:00 on Thursday, 25 February 2021 (“AGM”), all the resolutions as set out in the notice of
AGM were passed by the requisite majority of shareholders, save for ordinary resolution
number 10, relating to the appointment of Jowayne van Wyk as a member of the social, ethics
and transformation committee.

The number of shares voted in person or by proxy was 399 382 148, representing 81.34% of
the total issued share capital of the same class of AEEI shares. AEEI’s total number of shares
in issue as at the date of the AGM was 491 022 434.

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


                                             Votes
                          Votes for         against
                         resolution      resolution
                                as a            as a                    Number of      Number of
                        percentage      percentage                          shares         shares
                            of total        of total                       voted at     abstained
                         number of       number of                       AGM as a             as a
 Resolutions                shares          shares        Number of    percentage     percentage
 proposed at the           voted at        voted at     shares voted   of shares in   of shares in
 AGM                          AGM             AGM            at AGM          issue          issue
 Resolution number
 1: Approval of        100,00          0,00            399 144 507     81,29          0,05
 Annual Financial
 Statements
 Ordinary resolution
 number 1: To
 appoint the           97,30           2,70            399 144 507     81,29          0,05
 following Director:
 Bongikhaya Qama
 Ordinary resolution
 number 2: To
 appoint the           100,00          0,00            398 582 257     81,17          0,16
 following Director:
 Willem
 Raubenheimer
Ordinary resolution
number 3: To re-
elect the following     97,30       2,70         399 144 507   81,29        0,05
Director who retires
by rotation:
Ismet Amod
Ordinary resolution
number 4: To re-
elect the following     97,30       2,70         398 874 107   81,23        0,10
Director who retires
by rotation:
Gaamiem Colbie
Ordinary resolution
number 5: To
appoint the
following member
of the audit and risk   100,00      0,00         398 582 257   81,17        0,16
committee:
Willem
Raubenheimer
Ordinary resolution
number 6: To re-
appoint the
following member        97,30       2,70         398 874 107   81,23        0,10
of the audit and risk
committee:
Ismet Amod
Ordinary resolution
number 7: To re-
appoint the
following member        97,30       2,70         398 874 107   81,23        0,10
of the audit and risk
committee:
Gaamiem Colbie
Ordinary resolution
number 8: To
appoint the
following member
of the social, ethics   97,30       2,70         399 144 507   81,29        0,05
and transformation
committee:
Ismet Amod
Ordinary resolution
number 9: To
appoint the
following member
of the social, ethics   97,30       2,70         399 144 507   81,29        0,05
and transformation
committee:
Bongikhaya Qama
Ordinary resolution
number 10: To           Withdrawn    Withdrawn    Withdrawn     Withdrawn    Withdrawn
appoint the
following member
of the social, ethics
and transformation
committee:
Jowayne van Wyk
Ordinary resolution
number 11: To
appoint auditors:       100,00   0,00   399 144 507   81,29   0,05
Crowe JHB and
THAWT Inc.
Ordinary resolution
number 12: Control
of authorised but       97,30    2,70   399 146 507   81,29   0,05
unissued “B”
ordinary shares
Ordinary resolution
number 13:
Approval to issue
                        97,30    2,70   399 146 507   81,29   0,05
“B” ordinary shares
and/or options for
cash
Ordinary resolution
number 14: Non-
binding advisory
vote on the             97,30    2,70   399 146 507   81,29   0,05
Remuneration
policy of the
Company
Ordinary resolution
number 15: Non-
binding advisory
vote on the
                        97,30    2,70   399 146 507   81,29   0,05
Implementation of
the remuneration
policy of the
Company
Ordinary resolution
number 16: To give
                        97,30    2,70   399 144 507   81,29   0,05
directors authority
to sign documents
Special resolution
number 1: To
approve the
                        100,00   0.00   398 584 257   81,17   0,16
remuneration of the
non-executive
Directors
Special resolution
number 2: To
approve inter-          97,16    2,84   399 146 507   81,29   0,05
company financial
assistance
Special resolution
number 3: To            97,30    2,70   399 146 507   81,29   0,05
approve financial
assistance for the
 subscription or
 purchase of shares
 in the Company or
 in a related or inter-
 related company
 Special resolution
 number 4: Approval
 for the Company or
                          97,30   2,70   399 146 507   81,29   0,05
 its subsidiaries to
 repurchase shares
 of the Company



Cape Town
26 February 2021

Joint Sponsor
Vunani Capital

Joint Sponsor
Merchantec Capital

Date: 26-02-2021 05:12:00
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