AECI Limited - Report on proceedings at the Annual General Meeting
(Incorporated in the
Registration number: 1924/002590/06
Share code: AFE ISIN: ZAE000000220
Hybrid code: AFEP ISIN: ZAE000000238
Bond company code: AECI
LEI: 3789008641F1D3D90E85
(AECI)
REPORT ON PROCEEDINGS AT THE ANNUAL GENERAL MEETING
At the 101
st
Annual General Meeting of the shareholders of AECI (AGM) held on Tuesday,
_____________________________________________________________________________ | |Votes cast | | | | |Resolution |______________|Number of shares|Percentage of|Abstentions| | |For |Against|voted |shares voted | | | | | | | | | |___________________|______|_______|________________|_____________|___________| |Ordinary resolution| | | | | | |No. 1: | | | | | | | | | | | | | |Re-appointment of | | | | | | |the independent |99.47%|0.53% |99 636 877 |94.43% |0.18% | |external auditor | | | | | | |and appointment of | | | | | | |designated | | | | | | |individual audit | | | | | | |partner | | | | | | |___________________|______|_______|________________|_____________|___________| |Ordinary resolution| | | | | | |No. 2.1: | | | | | | | | | | | | | |Re-election of |99.88%|0.12% |99 636 877 |94.43% |0.18% | |non-executive | | | | | | |director - Mr WH | | | | | | |Dissinger | | | | | | |___________________|______|_______|________________|_____________|___________| |Ordinary resolution| | | | | | |No. 2.2: | | | | | | | | | | | | | |Re-election of |99.88%|0.12% |97 693 339 |92.58% |2.02% | |non-executive | | | | | | |director - Ms FFT | | | | | | |Dludlu (De Buck) | | | | | | |___________________|______|_______|________________|_____________|___________| |Ordinary resolution| | | | | | |No. 2.3: | | | | | | | | | | | | | |Re-election of |99.88%|0.12% |99 636 877 |94.43% |0.18% | |non-executive | | | | | | |director - Ms AM | | | | | | |Roets | | | | | | |___________________|______|_______|________________|_____________|___________| |Ordinary resolution| | | | | | |No. 2.4: | | | | | | | | | | | | | |Re-election of |99.69%|0.31% |95 650 963 |90.65% |3.96% | |non-executive | | | | | | |director - Ms PG | | | | | | |Sibiya | | | | | | |___________________|______|_______|________________|_____________|___________| |Ordinary resolution| | | | | | |No. 3: | | | | | | | | | | | | | |Re-election of |99.76%|0.24% |99 636 877 |94.43% |0.18% | |executive director | | | | | | |- Mr H | | | | | | |Riemensperger | | | | | | |___________________|______|_______|________________|_____________|___________| |Ordinary resolution| | | | | | |No. 4.1: | | | | | | | | | | | | | |Election of |99.89%|0.11% |97 693 339 |92.58% |2.02% | |non-executive | | | | | | |director - Ms NT | | | | | | |Moholi | | | | | | |___________________|______|_______|________________|_____________|___________| |Ordinary resolution| | | | | | |No. 4.2: | | | | | | | | | | | | | |Election of |99.89%|0.11% |99 636 877 |94.43% |0.18% | |non-executive | | | | | | |director - Mr J | | | | | | |Ndlovu | | | | | | |___________________|______|_______|________________|_____________|___________| |Ordinary resolution| | | | | | |No. 4.3: | | | | | | | | | | | | | |Election of |99.49%|0.51% |99 636 877 |94.43% |0.18% | |non-executive | | | | | | |director - Mr B | | | | | | |Mawasha | | | | | | |___________________|______|_______|________________|_____________|___________| |Ordinary resolution| | | | | | |No. 5.1: | | | | | | | |99.88%|0.12% |99 636 877 |94.43% |0.18% | |Election of Audit | | | | | | |Committee member - | | | | | | |Ms AM Roets | | | | | | |___________________|______|_______|________________|_____________|___________| |Ordinary resolution| | | | | | |No. 5.2: | | | | | | | | | | | | | |Election of Audit |99.43%|0.57% |94 997 768 |90.03% |4.58% | |Committee member - | | | | | | |Ms FFT Dludlu (De | | | | | | |Buck) | | | | | | |___________________|______|_______|________________|_____________|___________| |Ordinary resolution| | | | | | |No. 5.3: | | | | | | | |99.66%|0.34% |99 636 877 |94.43% |0.18% | |Election of Audit | | | | | | |Committee member - | | | | | | |Mr WH Dissinger | | | | | | |___________________|______|_______|________________|_____________|___________| |Ordinary resolution| | | | | | |No. 6.1: | | | | | | | | | | | | | |Election of Social,| | | | | | |Ethics & |99.88%|0.12% |97 040 144 |91.97% |2.64% | |Sustainability | | | | | | |Committee member - | | | | | | |Ms FFT Dludlu (De | | | | | | |Buck) | | | | | | |___________________|______|_______|________________|_____________|___________| |Ordinary resolution| | | | | | |No. 6.2: | | | | | | | | | | | | | |Election of Social,|99.89%|0.11% |99 636 877 |94.43% |0.18% | |Ethics & | | | | | | |Sustainability | | | | | | |Committee member - | | | | | | |Ms PM O'Brien | | | | | | |___________________|______|_______|________________|_____________|___________| |Ordinary resolution| | | | | | |No. 6.3: | | | | | | | | | | | | | |Election of Social,|99.76%|0.24% |99 636 877 |94.43% |0.18% | |Ethics & | | | | | | |Sustainability | | | | | | |Committee member - | | | | | | |Mr B Mawasha | | | | | | |___________________|______|_______|________________|_____________|___________| |Ordinary resolution| | | | | | |No. 6.4: | | | | | | | | | | | | | |Election of Social,|99.69%|0.31% |94 997 768 |90.03% |4.58% | |Ethics & | | | | | | |Sustainability | | | | | | |Committee member - | | | | | | |Ms PG Sibiya | | | | | | |___________________|______|_______|________________|_____________|___________| |Ordinary resolution| | | | | | |No. 7.1: | | | | | | | | | | | | | |Non-binding |85.08%|14.92% |99 636 877 |94.43% |0.18% | |advisory | | | | | | |resolution: | | | | | | |Remuneration policy| | | | | | |___________________|______|_______|________________|_____________|___________| |Ordinary resolution| | | | | | |No. 7.2: | | | | | | | | | | | | | |Non-binding |90.08%|9.92% |99 580 028 |94.37% |0.24% | |advisory | | | | | | |resolution: | | | | | | |Implementation | | | | | | |report | | | | | | |___________________|______|_______|________________|_____________|___________| |Ordinary resolution| | | | | | |No. 8: | | | | | | | | | | | | | |Directors' |95.83%|4.17% |99 636 877 |94.43% |0.18% | |authority to | | | | | | |implement special | | | | | | |and ordinary | | | | | | |resolutions | | | | | | |___________________|______|_______|________________|_____________|___________| |Special resolution | | | | | | |No. 1.1: | | | | | | | |99.76%|0.24% |99 636 877 |94.43% |0.18% | |Directors' fees - | | | | | | |Board: Chairperson | | | | | | |___________________|______|_______|________________|_____________|___________| |Special resolution | | | | | | |No. 1.2: | | | | | | | | | | | | | |Directors' fees - |99.89%|0.11% |99 636 877 |94.43% |0.18% | |Board: | | | | | | |Non-Executive | | | | | | |Director | | | | | | |___________________|______|_______|________________|_____________|___________| |Special resolution | | | | | | |No. 1.3: | | | | | | | |99.89%|0.11% |99 636 877 |94.43% |0.18% | |Directors' fees - | | | | | | |Audit Committee: | | | | | | |Chairperson | | | | | | |___________________|______|_______|________________|_____________|___________| |Special resolution | | | | | | |No. 1.4: | | | | | | | |99.89%|0.11% |99 636 877 |94.43% |0.18% | |Directors' fees - | | | | | | |Risk Committee: | | | | | | |Chairperson | | | | | | |___________________|______|_______|________________|_____________|___________| |Special resolution | | | | | | |No. 1.5: | | | | | | | | | | | | | |Directors' fees - |99.89%|0.11% |99 636 877 |94.43% |0.18% | |Environment, Health| | | | | | |and Safety | | | | | | |Committee: | | | | | | |Chairperson | | | | | | |___________________|______|_______|________________|_____________|___________| |Special resolution | | | | | | |No. 1.6: | | | | | | | | | | | | | |Directors' fees - |99.87%|0.13% |99 636 877 |94.43% |0.18% | |Remuneration & | | | | | | |Human Capital | | | | | | |Committee: | | | | | | |Chairperson | | | | | | |___________________|______|_______|________________|_____________|___________| |Special resolution | | | | | | |No. 1.7: | | | | | | | | | | | | | |Directors' fees - |99.87%|0.13% |99 636 877 |94.43% |0.18% | |Social, Ethics & | | | | | | |Sustainability | | | | | | |Committee: | | | | | | |Chairperson | | | | | | |___________________|______|_______|________________|_____________|___________| |Special resolution | | | | | | |No. 1.8: | | | | | | | | | | | | | |Directors' fees - | | | | | | |Nominations, |99.89%|0.11% |99 636 877 |94.43% |0.18% | |Governance & | | | | | | |Directors' Affairs | | | | | | |Committee: | | | | | | |Chairperson | | | | | | |___________________|______|_______|________________|_____________|___________| |Special resolution | | | | | | |No. 1.9: | | | | | | | | | | | | | |Directors' fees - | | | | | | |Investment, |99.89%|0.11% |99 636 877 |94.43% |0.18% | |Innovation & | | | | | | |Technology | | | | | | |Committee: | | | | | | |Chairperson | | | | | | |___________________|______|_______|________________|_____________|___________| |Special resolution | | | | | | |No. 1.10: | | | | | | | |99.89%|0.11% |99 636 877 |94.43% |0.18% | |Directors' fees - | | | | | | |Audit Committee: | | | | | | |Member | | | | | | |___________________|______|_______|________________|_____________|___________| |Special resolution | | | | | | |No. 1.11: | | | | | | | | | | | | | |Directors' fees - |99.89%|0.11% |99 636 877 |94.43% |0.18% | |Remuneration & | | | | | | |Human Capital | | | | | | |Committee: Member | | | | | | |___________________|______|_______|________________|_____________|___________| |Special resolution | | | | | | |No. 1.12: | | | | | | | | | | | | | |Directors' fees - |99.89%|0.11% |99 636 877 |94.43% |0.18% | |Social, Ethics & | | | | | | |Sustainability | | | | | | |Committee: Member | | | | | | |___________________|______|_______|________________|_____________|___________| |Special resolution | | | | | | |No. 1.13: | | | | | | | |99.89%|0.11% |99 636 877 |94.43% |0.18% | |Directors' fees - | | | | | | |Other Board | | | | | | |Committees: Member | | | | | | |___________________|______|_______|________________|_____________|___________| |Special resolution | | | | | | |No. 1.14: | | | | | | | |99.76%|0.24% |99 635 345 |94.43% |0.18% | |Directors' fees - | | | | | | |Special meeting | | | | | | |attendance fee | | | | | | |___________________|______|_______|________________|_____________|___________| |Special resolution | | | | | | |No. 1.15: | | | | | | | |99.87%|0.13% |99 635 345 |94.43% |0.18% | |Directors' fees - | | | | | | |Per-trip allowance | | | | | | |___________________|______|_______|________________|_____________|___________| |Special resolution | | | | | | |No. 2: | | | | | | | | | | | | | |Approval of | | | | | | |financial |95.94%|4.06% |99 636 877 |94.43% |0.18% | |assistance to | | | | | | |related or | | | | | | |inter-related | | | | | | |company | | | | | | |___________________|______|_______|________________|_____________|___________|
Notes:
- The total issued share capital of AECI is 105 517 780 listed ordinary shares and 3 000 000 listed cumulative preference shares.
- Percentages of shares voted are calculated in relation to the total issued ordinary share capital of AECI.
- Percentages of shares voted for and against are calculated in relation to the total number of ordinary shares voted in respect of each resolution.
- Abstentions are calculated as a percentage in relation to the total issued ordinary share capital of AECI.
Woodmead, Sandton
28
Equity Sponsor: One Capital
Debt Sponsor: Questco Corporate Advisory
