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 or the Company)
REPORT ON PROCEEDINGS AT THE ANNUAL GENERAL MEETING
At the 102 nd annual general meeting of shareholders of AECI (AGM) held today, all of the ordinary resolutions and special resolutions proposed at the AGM were approved by the requisite majority of votes.
In this regard, AECI confirms the voting statistics from the AGM as follows:
__________________________________________________________________________ | | Votes cast | | | | | Resolution |________________| Number of | Percentage of| Abstentions| | | For | Against|shares voted|shares voted | | | | | | | | | |________________|_______|________|____________|______________|____________| | Ordinary | | | | | | |resolution No. | | | | | | |1: | | | | | | | | | | | | | |Re-appointment |98.37% |1.63% |88 888 694 |84.24% |0.22% | |of Deloitte & | | | | | | |Touche as the | | | | | | |independent | | | | | | |external auditor| | | | | | |________________|_______|________|____________|______________|____________| | Ordinary | | | | | | |resolution No. | | | | | | |2: | | | | | | | |99.40% |0.60% |88 888 694 |84.24% |0.22% | |Re-election of a| | | | | | |non-executive | | | | | | |director - Mr SA| | | | | | |Dawson | | | | | | |________________|_______|________|____________|______________|____________| | Ordinary | | | | | | |resolution No. | | | | | | |3: Confirmation| | | | | | |of appointment |99.84% |0.16% |88 888 694 |84.24% |0.22% | |of an executive | | | | | | |director - Mr | | | | | | |I Kramer | | | | | | |________________|_______|________|____________|______________|____________| | Ordinary | | | | | | |resolution No. | | | | | | |4.1: Election | | | | | | |of Audit & Risk |99.77% |0.23% |88 888 694 |84.24% |0.22% | |Committee member| | | | | | |- Ms AM | | | | | | |Roets | | | | | | |________________|_______|________|____________|______________|____________| | Ordinary | | | | | | |resolution No. | | | | | | |4.2: Election | | | | | | |of Audit & Risk |99.61% |0.39% |88 888 694 |84.24% |0.22% | |Committee member| | | | | | |- Mr WH | | | | | | |Dissinger | | | | | | |________________|_______|________|____________|______________|____________| | Ordinary | | | | | | |resolution No. | | | | | | |4.3: Election | | | | | | |of Audit & Risk |97.48% |2.52% |88 888 694 |84.24% |0.22% | |Committee member| | | | | | |- Mr B | | | | | | |Mawasha | | | | | | |________________|_______|________|____________|______________|____________| | Ordinary | | | | | | |resolution No. | | | | | | |4.4: Election | | | | | | |of Audit & Risk |97.29% |2.71% |88 888 694 |84.24% |0.22% | |Committee member| | | | | | |- Mr J | | | | | | |Ndlovu | | | | | | |________________|_______|________|____________|______________|____________| | Ordinary | | | | | | |resolution No. | | | | | | |5.1: Election | | | | | | |of Social, |99.80% |0.20% |88 888 694 |84.24% |0.22% | |Ethics & Safety | | | | | | |Committee member| | | | | | |- Mr B Mawasha| | | | | | |________________|_______|________|____________|______________|____________| | Ordinary | | | | | | |resolution No. | | | | | | |5.2: Election | | | | | | |of Social, |99.67% |0.33% |88 888 694 |84.24% |0.22% | |Ethics & Safety | | | | | | |Committee member| | | | | | |- Ms PG | | | | | | |Sibiya | | | | | | |________________|_______|________|____________|______________|____________| | Ordinary | | | | | | |resolution 5.3: | | | | | | |Election of | | | | | | |Social, Ethics &|99.61% |0.39% |88 888 694 |84.24% |0.22% | |Safety Committee| | | | | | |member - Mr WH| | | | | | |Dissinger | | | | | | |________________|_______|________|____________|______________|____________| | Ordinary | | | | | | |resolution No. | | | | | | |5.4: Election | | | | | | |of Social, |99.61% |0.39% |88 888 694 |84.24% |0.22% | |Ethics & Safety | | | | | | |Committee member| | | | | | |- Mr SA Dawson| | | | | | |________________|_______|________|____________|______________|____________| | Ordinary | | | | | | |resolution No. | | | | | | |6.1: | | | | | | |Non-binding |93.64% |6.36% |88 888 694 |84.24% |0.22% | |advisory | | | | | | |resolution: | | | | | | |Remuneration | | | | | | |policy | | | | | | |________________|_______|________|____________|______________|____________| | Ordinary | | | | | | |resolution No. | | | | | | |6.2: | | | | | | |Non-binding |93.31% |6.69% |88 888 694 |84.24% |0.22% | |advisory | | | | | | |resolution: | | | | | | |Implementation | | | | | | |report | | | | | | |________________|_______|________|____________|______________|____________| | Ordinary | | | | | | |resolution No. | | | | | | |7: Directors' | | | | | | |authority to |94.97% |5.03% |88 888 694 |84.24% |0.22% | |implement | | | | | | |special and | | | | | | |ordinary | | | | | | |resolutions | | | | | | |________________|_______|________|____________|______________|____________| | Special | | | | | | |resolution No. | | | | | | |1.1: | | | | | | |Non-executive |100.00%|0.00% |88 888 694 |84.24% |0.22% | |directors' fees | | | | | | |- Board: | | | | | | |Chairman | | | | | | |________________|_______|________|____________|______________|____________| | Special | | | | | | |resolution No. | | | | | | |1.2: | | | | | | | | | | | | | |Non-executive |100.00%|0.00% |88 888 694 |84.24% |0.22% | |directors' fees | | | | | | |- Board: Lead | | | | | | |Independent | | | | | | |Director | | | | | | |________________|_______|________|____________|______________|____________| | Special | | | | | | |resolution No. | | | | | | |1.3: | | | | | | | | | | | | | |Non-executive |100.00%|0.00% |88 888 694 |84.24% |0.22% | |directors' fees | | | | | | |- Board: | | | | | | |Non-Executive | | | | | | |Director | | | | | | |________________|_______|________|____________|______________|____________| | Special | | | | | | |resolution No. | | | | | | |1.4: | | | | | | | | | | | | | |Non-executive |100.00%|0.00% |88 888 694 |84.24% |0.22% | |directors' fees | | | | | | |- Audit & Risk | | | | | | |Committee: | | | | | | |Chairman | | | | | | |________________|_______|________|____________|______________|____________| | Special | | | | | | |resolution No. | | | | | | |1.5: | | | | | | | | | | | | | |Non-executive |100.00%|0.00% |88 888 694 |84.24% |0.22% | |directors' fees | | | | | | |- Remuneration | | | | | | |Committee: | | | | | | |Chairman | | | | | | |________________|_______|________|____________|______________|____________| | Special | | | | | | |resolution No. | | | | | | |1.6: | | | | | | | | | | | | | |Non-executive |100.00%|0.00% |88 888 694 |84.24% |0.22% | |directors' fees | | | | | | |- Social, Ethics| | | | | | |& Safety | | | | | | |Committee: | | | | | | |Chairman | | | | | | |________________|_______|________|____________|______________|____________| | Special | | | | | | |resolution No. | | | | | | |1.7: | | | | | | | | | | | | | |Non-executive | | | | | | |directors' fees |100.00%|0.00% |88 888 694 |84.24% |0.22% | |- Nominations, | | | | | | |Governance & | | | | | | |Directors' | | | | | | |Affairs | | | | | | |Committee: | | | | | | |Chairman | | | | | | |________________|_______|________|____________|______________|____________| | Special | | | | | | |resolution No. | | | | | | |1.8: | | | | | | | | | | | | | |Non-executive |100.00%|0.00% |88 888 694 |84.24% |0.22% | |directors' fees | | | | | | |- Strategy & | | | | | | |Investment | | | | | | |Committee: | | | | | | |Chairman | | | | | | |________________|_______|________|____________|______________|____________| | Special | | | | | | |resolution No. | | | | | | |1.9: | | | | | | | | | | | | | |Non-executive |100.00%|0.00% |88 888 694 |84.24% |0.22% | |directors' fees | | | | | | |- Audit & Risk | | | | | | |Committee: | | | | | | |Member | | | | | | |________________|_______|________|____________|______________|____________| | Special | | | | | | |resolution No. | | | | | | |1.10: | | | | | | | | | | | | | |Non-executive |100.00%|0.00% |88 888 694 |84.24% |0.22% | |directors' fees | | | | | | |- Remuneration | | | | | | |Committee: | | | | | | |Member | | | | | | |________________|_______|________|____________|______________|____________| | Special | | | | | | |resolution No. | | | | | | |1.11: | | | | | | | | | | | | | |Non-executive |100.00%|0.00% |88 888 694 |84.24% |0.22% | |directors' fees | | | | | | |- Social, Ethics| | | | | | |& Safety | | | | | | |Committee: | | | | | | |Member | | | | | | |________________|_______|________|____________|______________|____________| | Special | | | | | | |resolution No. | | | | | | |1.12: | | | | | | | | | | | | | |Non-executive |100.00%|0.00% |88 888 694 |84.24% |0.22% | |directors' fees | | | | | | |- Other Board | | | | | | |Committees: | | | | | | |Member | | | | | | |________________|_______|________|____________|______________|____________| | Special | | | | | | |resolution No. | | | | | | |1.13: | | | | | | | | | | | | | |Non-executive |100.00%|0.00% |88 888 694 |84.24% |0.22% | |directors' fees | | | | | | |- Special / | | | | | | |ad-hoc meeting | | | | | | |attendance fee | | | | | | |________________|_______|________|____________|______________|____________| | Special | | | | | | |resolution No. | | | | | | |1.14: | | | | | | | |100.00%|0.00% |88 888 694 |84.24% |0.22% | |Non-executive | | | | | | |directors' fees | | | | | | |- Per-trip | | | | | | |allowance | | | | | | |________________|_______|________|____________|______________|____________| | Special | | | | | | |resolution No. | | | | | | |2: Approval of | | | | | | |financial |94.97% |5.03% |88 888 694 |84.24% |0.22% | |assistance to | | | | | | |related or | | | | | | |inter-related | | | | | | |company | | | | | | |________________|_______|________|____________|______________|____________| | Special | | | | | | |resolution No. | | | | | | |3: General | | | | | | |authority to |78.08% |21.92% |88 888 694 |84.24% |0.22% | |repurchase | | | | | | |Company ordinary| | | | | | |shares | | | | | | |________________|_______|________|____________|______________|____________|
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
Equity Sponsor: One Capital
Debt Sponsor:
