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AFRICAN & OVERSEAS ENTERPRISES LIMITED - Results of annual general meeting

Release Date: 03/12/2021 17:45
Code(s): AON AOO AOVP     PDF:  
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Results of annual general meeting

AFRICAN AND OVERSEAS ENTERPRISES LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1947/027461/06)
JSE share code: AOO       ISIN: ZAE000000485
JSE share code: AON       ISIN: ZAE000009718
JSE share code: AOVP      ISIN: ZAE000000493
("AOE" or "the company")


RESULTS OF ANNUAL GENERAL MEETING


Shareholders are advised that at the annual general meeting of shareholders held on Thursday, 2 December 2021
(in terms of the notice dispatched on 2 November 2021) all the resolutions tabled thereat were passed (by way
of a poll) by the requisite majority of AOE shareholders.

Details of the results of voting at the annual general meeting were as follows:

-    total number of AOE ordinary and "N" ordinary shares (collectively, the "shares") that could have been
     voted at the annual general meeting: 11,471,921 shares (being the aggregate amount of 1,250,000 ordinary
     shares and 10,221,921 "N" ordinary shares);

-    total number of shares that were present/represented at the annual general meeting: 10,508,415 shares,
     (being in aggregate 91.60% of the total number of shares that could have been voted at the annual general
     meeting and constituting 91.60% of the aggregate voting rights that could have been exercised at the annual
     general meeting);

-    total number of ordinary shares that were present/represented at the annual general meeting: 1,152,186
     ordinary shares (being 92.17% of the total number of ordinary shares that could have been voted at the
     annual general meeting) with each ordinary share entitling the holder thereof to 200 votes; and

-    total number of "N" ordinary shares that were present at the annual general meeting: 9,356,229 "N"
     ordinary shares (being 91.53% of the total number of “N” ordinary shares that could have been voted at the
     annual general meeting) with each "N" ordinary share entitling the holder thereof to 1 vote.

Ordinary resolution 1: Approval of annual financial statements

Ordinary shares voted*       Votes for                    Votes against         Abstentions
1,152,186, being 92.17%      230,437,200, being 100%      -                     -
“N” ordinary shares          Votes for                    Votes against         Abstentions
voted*                       9,356,229, being 100%        -                     -
9,356,229, being 91.53%
Total shares voted*          Votes for                    Votes against         Abstentions
10,508,415, being            239,793,429, being 100%      -                     -
91.60%

Ordinary resolution 2.1 – Re-election of directors – HB Roberts

Ordinary shares voted*       Votes for                    Votes against         Abstentions
1,152,186, being 92.17%      230,437,200, being 100%      -                     -
“N” ordinary shares          Votes for                    Votes against         Abstentions
voted*                       9,356,229, being 100%        -                     -
9,356,229, being 91.53%
Total shares voted*          Votes for                    Votes against         Abstentions
10,508,415, being            239,793,429, being 100%      -                     -
91.60%

Ordinary resolution 2.2 – Re-election of directors - LK Sebatane

Ordinary shares voted*       Votes for                    Votes against         Abstentions
1,152,186, being 92.17%      230,437,200, being 100%      -                     -
“N” ordinary shares          Votes for                    Votes against         Abstentions
voted*                       9,356,229, being 100%        -                     -
9,356,229, being 91.53%
Total shares voted*          Votes for                    Votes against         Abstentions
10,508,415, being            239,793,429, being 100%      -                     -
91.60%

Ordinary resolution 2.3 – Re-election of directors – MR Molosiwa

Ordinary shares voted*       Votes for                    Votes against         Abstentions
1,152,186, being 92.17%      230,437,200, being 100%      -                     -
“N” ordinary shares          Votes for                    Votes against         Abstentions
voted*                       9,356,229, being 100%        -                     -
9,356,229, being 91.53%
Total shares voted*          Votes for                    Votes against         Abstentions
10,508,415, being            239,793,429, being 100%      -                     -
91.60%

Ordinary resolution 3.1 – Election of audit committee members – HB Roberts

Ordinary shares voted*       Votes for                    Votes against         Abstentions
1,152,186, being 92.17%      230,437,200, being 100%      -                     -
“N” ordinary shares          Votes for                    Votes against         Abstentions
voted*                       9,356,229, being 100%        -                     -
9,356,229, being 91.53%
Total shares voted*          Votes for                    Votes against         Abstentions
10,508,415, being            239,793,429, being 100%      -                     -
91.60%

Ordinary resolution 3.2 – Election of audit committee members – PM Nayler

Ordinary shares voted*       Votes for                    Votes against         Abstentions
1,152,186, being 92.17%      230,437,200, being 100%      -                     -
“N” ordinary shares          Votes for                    Votes against         Abstentions
voted*                       9,356,229, being 100%        -                     -
9,356,229, being 91.53%
Total shares voted*          Votes for                    Votes against         Abstentions
10,508,415, being            239,793,429, being 100%      -                     -
91.60%

Ordinary resolution 3.3 – Election of audit committee members - LK Sebatane

Ordinary shares voted*       Votes for                    Votes against         Abstentions
1,152,186, being 92.17%      230,437,200, being 100%      -                     -
“N” ordinary shares          Votes for                    Votes against         Abstentions
voted*                       9,356,229, being 100%        -                     -
9,356,229, being 91.53%
Total shares voted*          Votes for                    Votes against         Abstentions
10,508,415, being            239,793,429, being 100%      -                     -
91.60%

Ordinary resolution 4 – Re-appointment of auditors

Ordinary shares voted*       Votes for                    Votes against         Abstentions
1,152,186, being 92.17%      230,437,200, being 100%      -                     -
“N” ordinary shares          Votes for                    Votes against         Abstentions
voted*                       9,356,229, being 100%        -                     -
9,356,229, being 91.53%
Total shares voted*          Votes for                    Votes against         Abstentions
10,508,415, being            239,793,429, being 100%      -                     -
91.60%

Ordinary resolution 5 – General authority to issue equity shares for cash

Ordinary shares voted*       Votes for                    Votes against          Abstentions
1,152,186, being 92.17%      230,057,200, being           380,000, being 0.16%   -
                             99.84%
“N” ordinary shares          Votes for                    Votes against          Abstentions
voted*                       9,314,093, being 99.55%      42,136, being 0.45%    -
9,356,229, being 91.53%
Total shares voted*          Votes for                    Votes against          Abstentions
10,508,415, being            239,371,293, being           422,136, being 0.18%   -
91.60%                       99.82%

Ordinary resolution 6 – Control over unissued shares

Ordinary shares voted*       Votes for                    Votes against          Abstentions
1,152,186, being 92.17%      230,057,200, being           380,000, being 0.16%   -
                             99.84%
“N” ordinary shares          Votes for                    Votes against          Abstentions
voted*                       9,314,093, being 99.55%      42,136, being 0.45%    -
9,356,229, being 91.53%
Total shares voted*          Votes for                    Votes against          Abstentions
10,508,415, being            239,371,293, being           422,136, being 0.18%   -
91.60%                       99.82%

Ordinary resolution 7 – Signature of documents

Ordinary shares voted*       Votes for                    Votes against          Abstentions
1,152,186, being 92.17%      230,437,200, being 100%      -                      -
“N” ordinary shares          Votes for                    Votes against          Abstentions
voted*                       9,356,229, being 100%        -                      -
9,356,229, being 91.53%
Total shares voted*          Votes for                    Votes against          Abstentions
10,508,415, being            239,793,429, being 100%      -                      -
91.60%

Ordinary resolution 8 – Non-binding advisory vote on remuneration policy

Ordinary shares voted*       Votes for                    Votes against          Abstentions
1,152,186, being 92.17%      230,057,200, being           380,000, being 0.16%   -
                             99.84%
“N” ordinary shares          Votes for                    Votes against          Abstentions
voted*                       9,314,093, being 99.55%      42,136, being 0.45%    -
9,356,229, being 91.53%
Total shares voted*          Votes for                    Votes against          Abstentions
10,508,415, being            239,371,293, being           422,136, being 0.18%   -
91.60%                       99.82%

Ordinary resolution 9 – Non-binding advisory vote on remuneration implementation report

Ordinary shares voted*       Votes for                    Votes against          Abstentions
1,152,186, being 92.17%      230,057,200, being           380,000, being 0.16%   -
                             99.84%
“N” ordinary shares          Votes for                    Votes against          Abstentions
voted*                       9,314,093, being 99.55%      42,136, being 0.45%    -
9,356,229, being 91.53%
Total shares voted*          Votes for                    Votes against          Abstentions
10,508,415, being            239,371,293, being           422,136, being 0.18%   -
91.60%                       99.82%

Special resolution 1 – Financial assistance

Ordinary shares voted*       Votes for                    Votes against          Abstentions
1,152,186, being 92.17%      230,437,200, being 100%      -                      -
“N” ordinary shares          Votes for                    Votes against          Abstentions
voted*                       9,356,229, being 100%        -                      -
9,356,229, being 91.53%
Total shares voted*          Votes for                    Votes against          Abstentions
10,508,415, being            239,793,429, being 100%      -                      -
91.60%

Special resolution 2: General authority to acquire shares

Ordinary shares voted*      Votes for                     Votes against          Abstentions
1,152,186, being 92.17%     230,437,200, being 100%       -                      -
“N” ordinary shares         Votes for                     Votes against          Abstentions
voted*                      9,356,229, being 100%         -                      -
9,356,229, being 91.53%
Total shares voted*         Votes for                     Votes against          Abstentions
10,508,415, being           239,793,429, being 100%       -                      -
91.60%

Special resolution 3 – Allotment and issue of shares to directors and prescribed officers

Ordinary shares voted*      Votes for                     Votes against           Abstentions
1,152,186, being 92.17%     230,057,200, being            380,000, being 0.16%    -
                            99.84%
“N” ordinary shares         Votes for                     Votes against           Abstentions
voted*                      9,314,093, being 99.55%       42,136, being 0.45%     -
9,356,229, being 91.53%
Total shares voted*         Votes for                     Votes against           Abstentions
10,508,415, being           239,371,293, being            422,136, being 0.18%    -
91.60%                      99.82%

*: shares voted (excluding abstentions) in relation to total shares in issue

3 December 2021


Sponsor
Java Capital

Date: 03-12-2021 05:45:00
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