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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)

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Date   Source Headline
5th Sep 20073:04 pmPRNSale of Dulux’s SA Ops Fulfillment of conds precedent
1st Aug 20077:00 amPRNDirectorate Change
24th Jul 20077:01 amPRNDividend Declaration
24th Jul 20077:00 amPRNHalf-yearly Report
17th Jul 200712:06 pmPRNSale of Business
17th Jul 200712:06 pmPRNSale of Business
29th Jun 20077:00 amPRNTrading Statement
22nd May 20074:00 pmPRNDirectorate Change
21st May 200710:41 amPRNResult of AGM
18th May 20072:00 pmPRNCompany Secretary Change
15th May 20078:30 amPRNPreference Dividend Declaration
9th May 20077:00 amPRNDirectorate Change
2nd May 20078:30 amPRNAppointment of Non-Executive Director
3rd Apr 20073:07 pmPRNNo Change Statement & Notice of AGM
7th Mar 20077:00 amPRNAppointment of Company Secretary
20th Feb 20079:05 amPRNResults for the year ended 31.12.06 & Div Dec
12th Feb 200711:27 amPRNTotal Voting Rights
18th Dec 20067:00 amPRNDirector/PDMR Shareholding
6th Dec 20063:34 pmPRNTrading Statement
1st Dec 20069:24 amPRNDirectorate Change
6th Sep 20067:00 amPRNDirectorate Change
25th Jul 20068:46 amPRNInterim Results & Dividend Declaration
28th Jun 200612:39 pmPRNDirectorate Change
12th Jun 200610:14 amPRNTrading Statement
16th May 20068:10 amPRNNotice to Preference Shareholders Div. No. 136
7th Apr 20061:04 pmPRNAnnual Report and Accounts
21st Feb 200610:01 amPRNGroup audited financial results : year ended 31.12.05
21st Nov 200510:13 amPRNDirectorate Change
17th Nov 200511:25 amPRNDividend Declaration
26th Jul 20058:34 amPRNInterim Results
1st Jul 20056:00 amPRNTrading Statement
19th May 20058:00 amPRNDividend Declaration: Preference Shareholders
8th Apr 20053:48 pmPRNAnnual Report and Accounts
22nd Feb 20057:00 amPRNGroup audited financial results to 31.12.04
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