31 May 2016 07:00
AECI LTD - Result of AGMAECI LTD - Result of AGM
PR Newswire
London, May 30
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 92nd annual general meeting (“AGM”) of the shareholders of AECI held today, 30 May 2016, 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% | 107 899 588 | 81.50177% | 0.08586% |
| Ordinary resolution No.2: Reappointment of independent auditors | 91.29002% | 8.70998% | 106 609 179 | 80.52706% | 1.06057% |
| Ordinary resolution No. 3.1: Re-election of Non-executive Directors – Ms Z Fuphe | 98.14712% | 1.85288% | 108 003 064 | 81.57993% | 0.00770% |
| Ordinary resolution No. 3.2: Re-election of Non-executive Directors – Mr Gomwe | 100.00000% | 0.00000% | 108 003 064 | 81.57993% | 0.00770% |
| Ordinary resolution No. 3.3: Re-election of Non-executive Directors – Adv R Ramashia | 100.00000% | 0.00000% | 108 003 064 | 81.57993% | 0.00770% |
| Ordinary resolution No.4.1: Appointment of Directors – Mr GW Dempster | 100.00000% | 0.00000% | 108 003 064 | 81.57993% | 0.00770% |
| Ordinary resolution No.4.2: Appointment of Directors – Dr KDK Mokhele | 100.00000% | 0.00000% | 108 003 064 | 81.57993% | 0.00770% |
| Ordinary resolution No. 5: Re-election of Executive Director | 100.00000% | 0.00000% | 108 003 064 | 81.57993% | 0.00770% |
| Ordinary resolution No. 6.1: Election of Audit Committee members – Mr GW Dempster | 99.54025% | 0.45975% | 108 003 064 | 81.57993% | 0.00770% |
| Ordinary resolution No. 6.2: Election of Audit Committee members – Mr RMW Dunne | 98.10740% | 1.89260% | 107 925 183 | 81.52111% | 0.06653% |
| Ordinary resolution No. 6.3: Election of Audit Committee members – Mr G Gomwe | 99.54025% | 0.45975% | 108 003 064 | 81.57993% | 0.00770% |
| Ordinary resolution No. 6.4: Election of Audit Committee members – Mr AJ Morgan | 99.54025% | 0.45975% | 108 003 064 | 81.57993% | 0.00770% |
| Ordinary resolution No. 6.5: Election of Audit Committee members – Mr LM Nyhonyha | 98.79820% | 1.20180% | 108 003 064 | 81.57993% | 0.00770% |
| Ordinary resolution No. 7: Remuneration policy | 79.83227% | 20.16773% | 108 000 471 | 81.57797% | 0.00966% |
| Special resolution No. 1.1: Directors’ fees – Board: Chairman | 100.00000% | 0.00000% | 108 003 064 | 81.57993% | 0.00770% |
| Special resolution No. 1.2: Directors’ fees – Board: Non-executive Directors | 100.00000% | 0.00000% | 108 003 064 | 81.57993% | 0.00770% |
| Special resolution No. 1.3: Directors’ fees – Audit Committee: Chairman | 100.00000% | 0.00000% | 108 003 064 | 81.57993% | 0.00770% |
| Special resolution No. 1.4: Directors’ fees – Audit Committee: Members | 100.00000% | 0.00000% | 108 003 064 | 81.57993% | 0.00770% |
| Special resolution No. 1.5: Directors’ fees – Other Board Committees: Chairman | 100.00000% | 0.00000% | 108 003 064 | 81.57993% | 0.00770% |
| Special resolution No. 1.6: Directors’ fees – Other Board Committees: Members | 100.00000% | 0.00000% | 108 003 064 | 81.57993% | 0.00770% |
| Special resolution No. 1.7: Directors’ fees – Subsidiaries’ FRRC: Chairman | 100.00000% | 0.00000% | 108 003 064 | 81.57993% | 0.00770% |
| Special resolution No. 1.8: Directors’ fees – Subsidiaries’ FRRC: Non-executive members | 100.00000% | 0.00000% | 108 003 064 | 81.57993% | 0.00770% |
| Special resolution No. 1.9: Directors’ fees – Meeting attendance fee | 100.00000% | 0.00000% | 108 003 064 | 81.57993% | 0.00770% |
| Special resolution No. 2: General authority to repurchase shares | 100.00000% | 0.00000% | 108 003 064 | 81.57993% | 0.00770% |
| Special resolution No. 3: Financial assistance to related or inter-related company | 100.00000% | 0.00000% | 108 003 064 | 81.57993% | 0.00770% |
* Total issued share capital is 132 389 246, comprising 122 271 295 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
30 May 2016
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Aeci 5 1/2% Prf (87FZ)