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1 Jun 2015 13:00
AECI LTD - Result of AGMAECI LTD - Result of AGM
PR Newswire
London, June 1
AECI LIMITEDIncorporated in the Republic of South AfricaRegistration Number 1924/002590/06) Share code: AFE ISIN: ZAE000000220 (“AECI” or “the Company”)
REPORT ON PROCEEDINGS AT THE ANNUAL GENERAL MEETING
At the 91st annual general meeting (“AGM”) of the shareholders of AECI held today, 1 June 2015, 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 carried as a percentage of the total number of shares voted at the meeting | Number of shares voted | Shares voted as a percentage of the total issued share capital* | Shares abstained as a percentage of the total issued share capital* | |
| For | Against | ||||
| Ordinary resolution No. 1: Adoption of annual financial statements | 100,00000 | 0,00000 | 114 790 527 | 82,9657 | 0,04595 |
| Ordinary resolution No.2: Reappointment of independent auditors | 100,00000 | 0,00000 | 114 850 105 | 83,0087 | 0,00289 |
| Ordinary resolution No. 3.1: Re-election of Non-executive Directors – Mr S Engelbrecht | 100,00000 | 0,00000 | 114 850 105 | 83,0087 | 0,00289 |
| Ordinary resolution No. 3.2: Re-election of Non-executive Directors – Ms LL Mda | 99,92623 | 0,07377 | 114 455 869 | 82,7238 | 0,28783 |
| Ordinary resolution No. 3.3: Re-election of Non-executive Directors – Mr LM Nyhonyha | 99,92623 | 0,07377 | 114 455 869 | 82,7238 | 0,28783 |
| Ordinary resolution No.4: Appointment of Director | 100,00000 | 0,00000 | 114 455 869 | 82,7238 | 0,28783 |
| Ordinary resolution No. 5: Re-election of Executive Director | 100,00000 | 0,00000 | 114 850 105 | 83,0087 | 0,00289 |
| Ordinary resolution No. 6.1: Election of Audit Committee members – Mr RMW Dunne | 100,00000 | 0,00000 | 114 850 105 | 83,0087 | 0,00289 |
| Ordinary resolution No. 6.2: Election of Audit Committee members – Mr RL Hiemstra | 100,00000 | 0,00000 | 114 850 105 | 83,0087 | 0,00289 |
| Ordinary resolution No. 6.3: Election of Audit Committee members – Mr AJ Morgan | 100,00000 | 0,00000 | 114 850 105 | 83,0087 | 0,00289 |
| Ordinary resolution No. 6.4: Election of Audit Committee members – Mr LM Nyhonyha | 100,00000 | 0,00000 | 114 455 869 | 82,7238 | 0,28783 |
| Ordinary resolution No. 7: Remuneration policy | 76,37937 | 23,62021 | 114 006 069 | 82,3987 | 0,61292 |
| Special resolution No. 1.1: Directors’ fees – Board: Chairman | 99,94921 | 0,05079 | 114 850 105 | 83,0087% | 0,00289 |
| Special resolution No. 1.2: Directors’ fees – Board: Non-executive Directors | 100,00000 | 0,00000 | 114 850 105 | 83,0087% | 0,00289 |
| Special resolution No. 1.3: Directors’ fees – Audit Committee: Chairman | 100,00000 | 0,00000 | 114 850 105 | 83,0087% | 0,00289 |
| Special resolution No. 1.4: Directors’ fees – Audit Committee: Members | 100,00000 | 0,00000 | 114 850 105 | 83,0087 | 0,00289 |
| Special resolution No. 1.5: Directors’ fees – Other Board Committees: Chairman | 100,00000 | 0,00000 | 114 850 105 | 83,0087 | 0,00289 |
| Special resolution No. 1.6: Directors’ fees – Other Board Committees: Members | 100,00000 | 0,00000 | 114 850 105 | 83,0087 | 0,00289 |
| Special resolution No. 1.7: Directors’ fees – Subsidiaries’ FRRC: Chairman | 100,00000 | 0,00000 | 114 850 105 | 83,0087 | 0,00289 |
| Special resolution No. 1.8: Directors’ fees – Subsidiaries’ FRRC: Non-executive members | 100,00000 | 0,00000 | 114 850 105 | 83,0087 | 0,00289 |
| Special resolution No. 1.9: Directors’ fees – Meeting attendance fee | 100,00000 | 0,00000 | 114 850 105 | 83,0087 | 0,00289 |
| Special resolution No. 1.10: Directors’ fees – Ad hoc service fee | 86,57112 | 13,42888 | 114 839 079 | 83,0087 | 0,01086 |
| Special resolution No. 2: General authority to repurchase shares | 99,97818 | 0,02182 | 114 842 075 | 83,0029 | 0,00869 |
| Special resolution No. 3: Financial assistance to related or inter-related company | 100,00000 | 0,00000 | 114 850 105 | 83,0087 | 0,00289 |
\* Total issued share capital is 138 359 091, comprising 128 241 140 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
1 June 2015
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
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