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AECI Limited (87FZ)

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Wednesday 29 May, 2019

AECI Limited

Result of AGM

AECI LIMITED
Incorporated in the Republic of South Africa
(Registration Number 1924/002590/06)
   Share code AFE      ISIN ZAE000000220

Hybrid code AFEP    ISIN ZAE000000238

Bond company code AECI
(“AECI” or “the Company”)

REPORT ON PROCEEDINGS AT THE ANNUAL GENERAL MEETING   

At the 95th annual general meeting (“AGM” or “the meeting”) of the shareholders of AECI held today, 29 May 2019, all the ordinary and special resolutions proposed at the meeting were approved by the requisite majority of votes. In this regard, the Company confirms the voting statistics from the AGM as follows:

Resolutions Votes cast disclosed as a percentage in relation to the total number of shares voted at the meeting
 
Number of shares voted
 
Shares voted disclosed as a percentage in relation to the total issued share capital*

 
Shares abstained disclosed as a percentage in relation to the total issued share capital*

 
Ordinary shares (“Ord”)
B ordinary shares (“B Ord”)
For
Against
Ordinary resolution No. 1: Adoption of annual financial statements 100,00% Ord
100,00% B Ord
0,00% Ord
0,00% B Ord
87 224 356 Ord
10 117 951 B Ord
71,60% Ord
100,00% B Ord
0,52% Ord
0,00% B Ord
Ordinary resolution No. 2: Reappointment of independent auditor 92,91% Ord
100,00% B Ord
7,09% Ord
0,00% B Ord
87 514 204 Ord
10 117 951 B Ord
71,83% Ord
100,00% B Ord
0,28% Ord
0,00% B Ord
Ordinary resolution No. 3.1: Re-election of Non-executive Director - Mr G Gomwe 98,11% Ord
100,00% B Ord
1,89% Ord
0,00% B Ord
87 843 095 Ord
10 117 951 B Ord
72,10% Ord
100,00% B Ord
0,01% Ord
0,00% B Ord
Ordinary resolution No. 3.2: Re-election of Non-executive Director - Mr AJ Morgan 97,62% Ord
100,00% B Ord
2,38% Ord
0,00% B Ord
87 843 095 Ord
10 117 951 B Ord
72,10% Ord
100,00% B Ord
0,01% Ord
0,00% B Ord
Ordinary resolution No. 3.3: Re-election of Non-executive Director - Ms PG Sibiya 98,13% Ord
100,00% B Ord
1,87% Ord
0,00% B Ord
87 843 095 Ord
10 117 951 B Ord
72,10% Ord
100,00% B Ord
0,01% Ord
0,00% B Ord
Ordinary resolution No. 4: Appointment of a Non-executive Director 100,00% Ord
100,00% B Ord
0,00% Ord
0,00% B Ord
87 843 095 Ord
10 117 951 B Ord
72,10% Ord
100,00% B Ord
0,01% Ord
0,00% B Ord
Ordinary resolution No. 5: Re-election of an Executive Director 99,09% Ord
100,00% B Ord
0,91% Ord
0,00% B Ord
87 843 095 Ord
10 117 951 B Ord
72,10% Ord
100,00% B Ord
0,01% Ord
0,00% B Ord
Ordinary resolution No. 6.1: Election of Audit Committee member - Mr G Gomwe 97,58% Ord
100,00% B Ord
2,42% Ord
0,00% B Ord
87 514 204 Ord
10 117 951 B Ord
71,83% Ord
100,00% B Ord
0,28% Ord
0,00% B Ord
Ordinary resolution No. 6.2: Election of Audit Committee member - Mr AJ Morgan 96,34% Ord
100,00% B Ord
3,66% Ord
0,00% B Ord
87 843 095 Ord
10 117 951 B Ord
72,10% Ord
100,00% B Ord
0,01%Ord
0,00% B Ord
Ordinary resolution No. 6.3: Election of Audit Committee member - Ms PG Sibiya 97,59% Ord
100,00% B Ord
2,41% Ord
0,00% B Ord
87 843 095 Ord
10 117 951 B Ord
72,10% Ord
100,00% B Ord
0,01% Ord
0,00% B Ord
Ordinary resolution No. 7.1:  Remuneration Policy 97,66% Ord
100,00% B Ord
2,34% Ord
0,00% B Ord
87 840 963 Ord
10 117 951 B Ord
72,10% Ord
100,00% B Ord
0,01% Ord
0,00% B Ord
Ordinary resolution No. 7.2:  Implementation of Remuneration Policy 98,91% Ord
100,00% B Ord
1,09% Ord
0,00% B Ord
87 840 963 Ord
10 117 951 B Ord
72,10% Ord
100,00% B Ord
0,01% Ord
0,00% B Ord
Ordinary resolution No. 8:  Amendment of the Company’s LTI Plan 99,10% Ord
100,00% B Ord
0,90% Ord
0,00% B Ord
87 843 095 Ord
10 117 951 B Ord
72,10% Ord
100,00% B Ord
0,01% Ord
0,00% B Ord
Special resolution No. 1.1: Directors’ fees and remuneration - Board: Chairman 99,24% Ord
100,00% B Ord
0,76% Ord
0,00% B Ord
87 842 823 Ord
10 117 951 B Ord
72,10% Ord
100,00% B Ord
0,01% Ord
0,00% B Ord
Special resolution No. 1.2: Directors’ fees - Board: Non-executive Directors 99,24% Ord
100,00% B Ord
0,76% Ord
0,00% B Ord
87 842 823 Ord
10 117 951 B Ord
72,10% Ord
100,00% B Ord
0,01% Ord
0,00% B Ord
Special resolution No. 1.3: Directors’ fees - Audit Committee: Chairman 99,24% Ord
100,00% B Ord
0,76% Ord
0,00% B Ord
87 842 823 Ord
10 117 951 B Ord
72,10% Ord
100,00% B Ord
0,01% Ord
0,00% B Ord
Special resolution No. 1.4: Directors’ fees - Audit Committee: members 99,24% Ord
100,00% B Ord
0,76% Ord
0,00% B Ord
87 842 823 Ord
10 117 951 B Ord
72,10% Ord
100,00% B Ord
0,01% Ord
0,00% B Ord
Special resolution No. 1.5: Directors’ fees - Other Board Committees: Chairman 99,24% Ord
100,00% B Ord
0,76% Ord
0,00% B Ord
87 842 823 Ord
10 117 951 B Ord
72,10% Ord
100,00% B Ord
0,01% Ord
0,00% B Ord
Special resolution No. 1.6: Directors’ fees - Other Board Committees: members 99,24% Ord
100,00% B Ord
0,76% Ord
0,00% B Ord
87 842 823 Ord
10 117 951 B Ord
72,10% Ord
100,00% B Ord
0,01% Ord
0,00% B Ord
Special resolution No. 1.7: Directors’ fees - Meeting attendance fee 99,44% Ord
100,00% B Ord
0,56% Ord
0,00% B Ord
87 842 823 Ord
10 117 951 B Ord
72,10% Ord
100,00% B Ord
0,01% Ord
0,00% B Ord
Special resolution No. 2: General authority to repurchase shares 99,62% Ord
100,00% B Ord
0,38% Ord
0,00% B Ord
87 838 508 Ord
10,117,951 B Ord
72,10% Ord
100,00% B Ord
0,01% Ord
0,00% B Ord
Special resolution No. 3: Financial assistance to related or inter-related company 99,73% Ord
100,00% B Ord
0,27% Ord
0,00% B Ord
87 842 973 Ord
10 117 951 B Ord
72,10% Ord
100,00% B Ord
0,01% Ord
0,00% B Ord

*The issued ordinary share capital is 121 829 083 listed ordinary shares and 10 117 951 unlisted redeemable convertible B ordinary shares.

The special resolutions will, where necessary, be lodged for registration with the Companies and Intellectual Property Commission in due course.

Woodmead, Sandton

29 May 2019

Sponsor

Rand Merchant Bank (A division of FirstRand Bank Limited)


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