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  3. Aeci 5 1/2% Prf Share Price
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  5. Result of AGM

Pin to quick picksAeci 5 1/2% Prf Regulatory News (87FZ)

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Result of AGM

26 May 2020 13:45

AECI Limited - Result of AGM

AECI Limited - Result of AGM

PR Newswire

London, May 26

AECI LIMITEDIncorporated in the Republic of South Africa(Registration number: 1924/002590/06)Share code: AFE ISIN: ZAE000000220Hybrid code: AFEP ISIN: ZAE000000238Bond company code: AECILEI: 3789008641F1D3D90E85(“AECI” or “the Company”)

REPORT ON PROCEEDINGS AT THE ANNUAL GENERAL MEETING

At the 96th annual general meeting (“AGM” or “the meeting”) of the shareholders of AECI held today, 26 May 2020, 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:

Votes cast disclosed as a percentage in relation to the total number of shares voted at the meetingNumber of shares votedShares 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”)
ResolutionsFor Against
Ordinary resolution No. 1: Adoption of annual financial statements100,00 Ord 100,00 B Ord0,00 Ord 0,00 B Ord94 218 962 Ord 10 117 951 B Ord77,34 Ord 100,00 B Ord0,32 Ord 0,00 B Ord
Ordinary resolution No. 2: Reappointment of independent auditor96,36 Ord 100,00 B Ord3,64 Ord 0,00 B Ord94 591 012 Ord 10 117 951 B Ord77,64 Ord 100,00 B Ord0,01 Ord 0,00 B Ord
Ordinary resolution No. 3.1: Re-election of Non-executive Director - Dr KDK Mokhele93,90 Ord 100,00 B Ord6,10 Ord 0,00 B Ord94 590 512 Ord 10 117 951 B Ord77,64 Ord 100,00 B Ord0,01 Ord 0,00 B Ord
Ordinary resolution No. 3.2: Re-election of Non-executive Director - Adv R Ramashia99,96 Ord 100,00 B Ord0,04 Ord 0,00 B Ord94 590 512 Ord 10 117 951 B Ord77,64 Ord 100,00 B Ord0,01Ord 0,00 B Ord
Ordinary resolution No. 4.1: Re-election of Non-executive Director - Mr SA Dawson99,96 Ord 100,00 B Ord0,04 Ord 0,00 B Ord94 590 512 Ord 10 117 951 B Ord77,64 Ord 100,00 B Ord0,01 Ord 0,00 B Ord
Ordinary resolution No. 4.2: Re-election of Non-executive Director - Ms FFT De Buck100,00 Ord 100,00 B Ord0,00 Ord 0,00 B Ord94 590 512 Ord 10 117 951 B Ord77,64 Ord 100,00 B Ord0,01 Ord 0,00 B Ord
Ordinary resolution No. 4.3: Re-election of Non-executive Director - Mr WH Dissinger99,96 Ord 100,00 B Ord0,04 Ord 0,00 B Ord94 590 512 Ord 10 117 951 B Ord77,64 Ord 100,00 B Ord0,01 Ord 0,00 B Ord
Ordinary resolution No. 5: Re-election of Executive Director99,79 Ord 100,00 B Ord0,21 Ord 0,00 B Ord94 590 512 Ord 10 117 951 B Ord77,64 Ord 100,00 B Ord0,01 Ord 0,00 B Ord
Ordinary resolution No. 6.1: Election of Audit Committee member - Ms FFT De Buck100,00 Ord 100,00 B Ord0,00 Ord 0,00 B Ord94 590 512 Ord 10 117 951 B Ord77,64 Ord 100,00 B Ord0,01 Ord 0,00 B Ord
Ordinary resolution No. 6.2: Election of Audit Committee member - Mr G Gomwe100,00 Ord 100,00 B Ord0,00 Ord 0,00 B Ord94 590 512 Ord 10 117 951 B Ord77,64 Ord 100,00 B Ord0,01 Ord 0,00 B Ord
Ordinary resolution No. 6.3: Election of Audit Committee member - Ms PG Sibiya100,00 Ord 100,00 B Ord0,00 Ord 0,00 B Ord94 590 512 Ord 10 117 951 B Ord77,64 Ord 100,00 B Ord0,01 Ord 0,00 B Ord
Ordinary resolution No. 7.1: Remuneration Policy98,09 Ord 100,00 B Ord1,91 Ord 0,00 B Ord83 621 009 Ord 10 117 951 B Ord68,64 Ord 100,00 B Ord9,02 Ord 0,00 B Ord
Ordinary resolution No. 7.2: Implementation of Remuneration Policy99,54 Ord 100,00 B Ord0,46 Ord 0,00 B Ord83 621 009 Ord 10 117 951 B Ord68,64 Ord 100,00 B Ord9,02 Ord 0,00 B Ord
Special resolution No. 1.1: Directors’ fees and remuneration - Board: Chairman97,07 Ord 100,00 B Ord2,93 Ord 0,00 B Ord94 590 362 Ord 10 117 951 B Ord77,64 Ord 100,00 B Ord0,01 Ord 0,00 B Ord
Special resolution No. 1.2: Directors’ fees - Board: Non-executive Directors99,92 Ord 100,00 B Ord0,08 Ord 0,00 B Ord94 590 362 Ord 10 117 951 B Ord77,64 Ord 100,00 B Ord0,01 Ord 0,00 B Ord
Special resolution No. 1.3: Directors’ fees - Audit Committee: Chairman99,93 Ord 100,00 B Ord0,07 Ord 0,00 B Ord94 590 362 Ord 10 117 951 B Ord77,64 Ord 100,00 B Ord0,01 Ord 0,00 B Ord
Special resolution No. 1.4: Directors’ fees - Audit Committee: members99,93 Ord 100,00 B Ord0,07 Ord 0,00 B Ord94 590 362 Ord 10 117 951 B Ord77,64 Ord 100,00 B Ord0,01 Ord 0,00 B Ord
Special resolution No. 1.5: Directors’ fees - Other Board Committees: Chairman99,93 Ord 100,00 B Ord0,07 Ord 0,00 B Ord94 590 362 Ord 10 117 951 B Ord77,64 Ord 100,00 B Ord0,01 Ord 0,00 B Ord
Special resolution No. 1.6: Directors’ fees - Other Board Committees: members99,93 Ord 100,00 B Ord0,07 Ord 0,00 B Ord94 590 362 Ord 10 117 951 B Ord77,64 Ord 100,00 B Ord0,01 Ord 0,00 B Ord
Special resolution No. 1.7: Directors’ fees - Meeting attendance fee99,92 Ord 100,00 B Ord0,08 Ord 0,00 B Ord94 590 362 Ord 10 117 951 B Ord77,64 Ord 100,00 B Ord0,01 Ord 0,00 B Ord
Special resolution No. 2: General authority to repurchase shares99,76 Ord 100,00 B Ord0,24 Ord 0,00 B Ord94 587 494 Ord 10 117 951 B Ord77,64 Ord 100,00 B Ord0,01 Ord 0,00 B Ord
Special resolution No. 3: Financial assistance to related or inter-related company100,00 Ord 100,00 B Ord0,00 Ord 0,00 B Ord94 590 512 Ord 10 117 951 B Ord77,64 Ord 100,00 B Ord0,01 Ord 0,00 B Ord
Special resolution No. 4: Acquisition by the Company of Treasury Shares100,00 Ord 100,00 B Ord0,00 Ord 0,00 B Ord92 882 032 Ord 10 117 951 B Ord76,24 Ord 100,00 B Ord1,41 Ord 0,00 B Ord
Special resolution No. 5: Decrease in the number of securities and reduction in share capital **100,00 Ord 100,00 B Ord 0,00 Pref0,00 Ord 0,00 B Ord 0,00 Pref92 883 532 Ord 10 117 951 B Ord 0 Pref76,24 Ord 100,00 B Ord 0,00 Pref1,41 Ord 0,00 B Ord 5,33 Pref
Special resolution No. 6: Revocations of Special Resolution number 4 if the Proposed Distribution lapses or is terminated or revoked100,00 Ord 100,00 B Ord0,00 Ord 0,00 B Ord92 882 032 Ord 10 117 951 B Ord76,24 Ord 100,00 B Ord1,41 Ord 0,00 B Ord
Ordinary resolution No. 8: General authority99,97 Ord 100,00 B Ord0,03 Ord 0,00 B Ord92 881 882 Ord 10 117 951 B Ord76,24 Ord 100,00 B Ord1,41 Ord 0,00 B Ord
Ordinary resolution No. 9: Ratification of Directors’ interests98,03 Ord 100,00 B Ord1,97 Ord 0,00 B Ord92 881 882 Ord 10 117 951 B Ord76,24 Ord 100,00 B Ord1,41 Ord 0,00 B Ord

* The issued ordinary share capital is 121 829 083 listed ordinary shares, 10 117 951 unlisted redeemable convertible B ordinary shares and 3 000 000 listed cumulative preference shares.

** Holders of 5,5% cumulative preference shares (“Pref”) were eligible to vote on this special resolution.

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

Woodmead, Sandton26 May 2020

SponsorRand Merchant Bank (A division of FirstRand Bank Limited)

12345678910
Date   Source Headline
8th Jun 20269:10 amPRNInterest Payment Notifications
1st Jun 20267:00 amPRNAppointment of new AECI Group Chief Executive Officer & Executive Director
27th May 20264:35 pmPRNReport on proceedings at the Annual General Meeting
19th May 20262:45 pmPRNAvailability of the B-BBEE Annual Compliance Report
19th May 20262:00 pmPRNDeclaration of Cumulative 5.5 Per Cent Preference Share Dividend No. 176
8th May 20263:45 pmPRNDealings in securities by a Director, Prescribed Officers and the Group Company Secretary
28th Apr 20262:30 pmPRNAvailabity of the Guarantors' 2025 Annual Financial Statements
22nd Apr 20262:38 pmPRNNotification of the Availability of the Sustainability Compliance Certificate and Sustainability Margin Adjustment Event
22nd Apr 20262:30 pmPRNPublication of the Group's 2025 Annual Report Suite & Change Statement
22nd Apr 20262:30 pmPRNNotice of AGM and changes to the Board and Board Committees
20th Apr 20264:49 pmPRNDealings in securities by Prescribed Officers and the Group Company Secretary
1st Apr 202611:30 amPRNDealings in Securities by the AECI Limited Long Term Incentive Scheme
27th Mar 202611:00 amPRNDealings in securities by the AECI Limited Long Term Incentive Scheme
24th Mar 20269:30 amPRNDealings in securities by the AECI Limited Long Term Incentive Scheme
18th Mar 20261:00 pmPRNDealings in securities by the AECI Limited Long Term Incentive Scheme
4th Mar 20268:00 amPRNInterest Payment Notifications
25th Feb 20267:00 amPRNReviewed condensed consolidated financial results and cash dividend declaration for the year ended 31 December 2025
16th Feb 20267:00 amPRNTrading Statement and Operational Update for the year ended 31 December 2025
11th Feb 20268:00 amPRNNotification in terms of Section 45(5) of the Companies Act, No. 71 of 2008
24th Dec 202510:00 amRNSDealings in Securities
24th Dec 202510:00 amPRNDealings in Securities
4th Dec 20258:17 amPRNInterest Payment Notifications
2nd Dec 20252:45 pmPRNDealings in Securities
1st Dec 202510:00 amPRNDisclosure of an acquisition of a beneficial interest in AECI Securities
28th Nov 202511:00 amPRNDisclosure of a disposal of a beneficial interest in AECI securities
25th Nov 20251:45 pmPRNDeclaration of Cumulative 5.5 per cent Preference Share Dividend No. 175
10th Nov 20251:00 pmPRNChanges to Board Committees
15th Oct 20251:30 pmPRNResignation of Executive Director and appointment of Interim Chief Executive Officer
2nd Sep 202512:00 pmPRNDealings in securities by a prescribed officer
1st Sep 20258:00 amPRNInterest Payment Notifications
29th Aug 20258:36 amPRNSuccessful conclusion of the disposal of Schirm U.S.A., Inc.
31st Jul 20252:00 pmPRNChanges to the Nominations, Governance and Directors' Affairs Committee
30th Jul 202512:00 pmPRNHolding(s) in Company
30th Jul 20257:00 amPRNUnaudited Condensed Consolidated Interim Financial Results & Cash Dividend Declaration for the half-year ended 30 June 2025
23rd Jul 20257:44 amPRNTrading Statement
17th Jul 20251:45 pmPRNDisposals of the assets of Schirm U.S.A., Inc. and the Baar-Ebenhausen assets of Schirm GMBH, and Disposal of the Food and Beverage Business
17th Jul 202512:00 pmPRNDisclosure of a disposal of a beneficial interest in AECI securities
30th Jun 20251:45 pmPRNDirector/PDMR Shareholding
30th Jun 20257:22 amPRNVoluntary Trading Update for the five month period ended 31 May 2025
27th Jun 20257:00 amPRNSustainability Adjustment Event
17th Jun 20251:00 pmPRNDealing in Securities by a Director
2nd Jun 20253:00 pmPRNAppointment of a permanent Chief Financial Officer
30th May 20258:00 amPRNInterest Payment Notifications
28th May 20259:00 amPRNReport on proceedings at the Annual General Meeting
20th May 20252:30 pmPRNDeclaration of Cumulative 5.5 per cent Preference Share Dividend No. 174
8th May 202511:00 amPRNDealings in securities by a Director, a Prescribed Officer and the Group Company Secretary
30th Apr 20259:32 amPRNAvailability of the Groups 2024 Integrated Reporting Suite, B-BBEE Annual Compliance Report and the Guarantors' 2024 Annual Financial Statements
30th Apr 20259:30 amPRNNotification of the availability of the Sustainability Compliance Certificate
22nd Apr 20254:00 pmPRNNotice of AGM
9th Apr 20253:02 pmPRNDealings in Securities by a Prescribed Officer
12345678910

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