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AFRIMAT LIMITED - Results Of The Annual General Meeting

Release Date: 05/08/2021 10:00
Code(s): AFT     PDF:  
Wrap Text
Results Of The Annual General Meeting

AFRIMAT LIMITED
Incorporated in the Republic of South Africa
(Registration number: 2006/022534/06)
Share code: AFT
ISIN: ZAE000086302
(“the Company”)

RESULTS OF THE ANNUAL GENERAL MEETING

Shareholders are hereby advised that at the annual general meeting of the Company held at
14:00 on Wednesday, 4 August 2021, via remote interactive electronic platform (Zoom)
(“AGM”), all of the resolutions were passed by the requisite majorities of the Company’s
shareholders.

Details of the results of the voting at the 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                     voted at       abstained
                       number of     number of      Number of     AGM as a       as a
Resolutions            shares        shares         shares        percentage     percentage
proposed at the        voted at      voted at       voted at      of shares in   of shares in
AGM                    AGM           AGM            AGM           issue*         issue*
 
Ordinary resolution    100%          0.00%          107 952 628   73.87%         0.24%
number 1:
To adopt the 2021
annual financial
statements
 
Ordinary resolution    100%          0.00%          107 952 628   73.87%         0.24%
number 2:
To re-elect Mr
Francois M Louw
as a director
 
Ordinary resolution    95.11%        4.89%          107 942 628   73.86%         0.24%
number 3:
To re-elect Mrs
Phuti RE Tsukudu
as a director

Ordinary resolution    86.07%        13.93%         107 942 628   73.86%         0.24%
number 4:
To re-appoint Mr
Loyiso Dotwana as
a member of the
Audit & Risk
Committee

Ordinary resolution    99.57%         0.43%         107 942 628   73.86%         0.24%
number 5:
To re-appoint Mr
Helmut N Pool as a
member of the
Audit & Risk
Committee

Ordinary resolution    98.14%         1.86%         107 920 128   73.84%         0.26%
number 6:
To re-appoint Mr
Jacobus F van der
Merwe as a
member of the
Audit & Risk
Committee

Ordinary resolution    98.68%         1.32%         107 942 628   73.86%         0.24%
number 7:
To re-appoint Mr
Francois M Louw
as a member of the
Audit & Risk
Committee

Ordinary resolution    87.20%        12.80%         107 942 628   73.86%         0.24%
number 8:
To re-appoint Mr
Marthinus W von
Wielligh as a
member of the
Audit & Risk
Committee

Ordinary resolution    97.35%         2.65%         107 942 628   73.86%         0.24%
number 9:
To re-appoint PwC
Inc. as auditor

Ordinary resolution    88.72%        11.28%         107 935 878   73.86%         0.25%
number 10:
Non-binding
endorsement of
Afrimat’s
remuneration policy

Ordinary resolution    90.59%         9.41%         107 792 013   73.76%         0.35%
number 11:
Non-binding
endorsement of
Afrimat’s
implementation
report on the
remuneration policy

Ordinary resolution    99.85%         0.15%         107 942 628   73.86%         0.24%
number 12:
To authorise the
directors or the
Company
Secretary to sign
documentation

Ordinary resolution    76.14%        23.86%         107 942 628   73.86%         0.24%
number 13:
To place unissued
shares under the
directors’ control

Ordinary resolution    76.07%        23.93%         107 942 628   73.86%         0.24%
number 14:
General authority to
issue ordinary
shares for cash

Ordinary resolution    100%          0.00%          107 942 178   73.86%         0.24%
number 15:
Approval of the
amendment of the
Afrimat Limited
Forfeitable Share
Plan

Special resolution     98.68%        1.32%          107 935 878   73.86%         0.25%
number 1:
Remuneration of
Chairman of the
Board

Special resolution     98.68%        1.32%          107 935 878   73.86%         0.25%
number 2:
Remuneration of
Deputy Chairman

Special resolution     99.85%        0.15%          107 935 878   73.86%         0.25%
number 3:
Remuneration of
non-executive
directors

Special resolution     100%          0.00%          107 935 878   73.86%         0.25%
number 4:
Remuneration of
Chairman of the
Audit & Risk
Committee

Special resolution     100%          0.00%          107 935 878   73.86%         0.25%
number 5:
Remuneration of
Audit & Risk
Committee
members

Special resolution     100%          0.00%          107 935 878   73.86%         0.25%
number 6:
Remuneration of
Chairman of the
Remuneration
Committee

Special resolution     100%          0.00%          107 935 878   73.86%         0.25%
number 7:
Remuneration of
Chairman of the
Nominations
Committee

Special resolution     100%          0.00%          107 935 878   73.86%         0.25%
number 8:
Remuneration of
Remuneration &
Nominations
Committee
Members

Special resolution     100%          0.00%          107 935 878   73.86%         0.25%
number 9:
Remuneration of
Chairman of the
Social & Ethics and
Sustainability
Committee

Special resolution     100%          0.00%          107 935 878   73.86%         0.25%
number 10:
Remuneration of
Social & Ethics and
Sustainability
Committee
members

Special resolution     100%          0.00%          107 935 878   73.86%         0.25%
number 11:
Remuneration of
Chairman of the
Investment Review
Committee

Special resolution     100%          0.00%          107 935 878   73.86%         0.25%
number 12:
Remuneration of
Investment Review
Committee
members

Special resolution     96.72%        3.28%          107 935 878   73.86%         0.25%
number 13:
Ad hoc
remuneration of
members of the
Board under rare
circumstances

Special resolution     99.69%        0.31%          107 939 578   73.86%         0.25%
number 14:
Inter-company
financial assistance

Special resolution     94.50%        5.50%          107 941 328   73.86%         0.24%
number 15:
Financial
assistance for the
subscription and/or
purchase of shares
in the Company or
a related or inter-
related company

Special resolution     97.89%        2.11%          107 942 178   73.86%         0.24%
number 16:
Share repurchases
by Afrimat and its
subsidiaries

Note:
*Total number of shares in issue as at the date of the AGM was 146 144 764, of which
8 466 321 were treasury shares.

Cape Town
5 August 2021

Sponsor
PSG Capital

Date: 05-08-2021 10:00:00
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