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 100th Annual General Meeting (AGM) of the shareholders of AECI held on
______________________________________________________________________________ | |Votes cast | |Shares voted |Shares | | |disclosed as a | |disclosed as a|abstained | | |percentage in |Number of |percentage in |disclosed as a | |Resolutions |relation to the |shares voted|relation to |percentage in | | |total number of | |the total |relation to the| | |shares voted at the| |issued shares*|total issued | | |meeting | | |shares* | |______________|___________________|____________|______________|_______________| | |For (%)|Against (%)| |% |% | |______________|_______|___________|____________|______________|_______________| |Ordinary | | | | | | |resolution No.| | | | | | |1: | | | | | | |Re-appointment| | | | | | |of independent| | | | | | |external |98.19 |1.81 |84,349,804 |79.94 |0.16 | |auditor and | | | | | | |appointment of| | | | | | |designated | | | | | | |individual | | | | | | |audit partner | | | | | | |______________|_______|___________|____________|______________|_______________| |Ordinary | | | | | | |resolution No.| | | | | | |2.1: | | | | | | |Re-election of|100.00 |0 |84,348,252 |79.94 |0.16 | |Non-executive | | | | | | |Director – | | | | | | | | | | | | | |Ms PMM O‘Brien| | | | | | |______________|_______|___________|____________|______________|_______________| |Ordinary | | | | | | |resolution No.| | | | | | |2.2: | | | | | | |Re-election of|97.07 |2.93 |82,131,450 |77.84 |2.26 | |Non-executive | | | | | | |Director – | | | | | | | | | | | | | |Mr ST Coetzer | | | | | | |______________|_______|___________|____________|______________|_______________| |Ordinary | | | | | | |resolution No.| | | | | | |2.3: | | | | | | |Re-election of|100.00 |0 |84,349,804 |79.94 |0.16 | |Non-executive | | | | | | |Director – | | | | | | | | | | | | | |Mr SA Dawson | | | | | | |______________|_______|___________|____________|______________|_______________| |Ordinary | | | | | | |resolution No.| | | | | | |3: Re-election| | | | | | |of Mr H |93.13 |6.87 |76,681,543 |72.67 |7.42 | |Riemensperger | | | | | | |as an | | | | | | |executive | | | | | | |director | | | | | | |______________|_______|___________|____________|______________|_______________| |Ordinary | | | | | | |resolution No.| | | | | | |4: | | | | | | | |99.88 |0.12 |84,349,804 |79.94 |0.16 | |Election of Ms| | | | | | |RJ Gabriels as| | | | | | |an executive | | | | | | |director | | | | | | |______________|_______|___________|____________|______________|_______________| |Ordinary | | | | | | |resolution No.| | | | | | |5.1: Election | | | | | | |of Audit |98.09 |1.91 |77,522,936 |73.47 |6.63 | |Committee | | | | | | |member – | | | | | | | | | | | | | |Ms PG Sibiya | | | | | | |______________|_______|___________|____________|______________|_______________| |Ordinary | | | | | | |resolution No.| | | | | | |5.2: Election | | | | | | |of Audit |100.00 |0 |77,522,936 |73.47 |6.63 | |Committee | | | | | | |member – | | | | | | | | | | | | | |Ms AM Roets | | | | | | |______________|_______|___________|____________|______________|_______________| |Ordinary | | | | | | |resolution No.| | | | | | |5.3: Election | | | | | | |of Audit | | | | | | |Committee |100.00 |0 |77,522,936 |73.47 |6.63 | |member – | | | | | | | | | | | | | |Ms FFT Dludlu | | | | | | |(De Buck) | | | | | | |______________|_______|___________|____________|______________|_______________| |Ordinary | | | | | | |resolution | | | | | | |No.6.1: |93.18 |6.82 |77,492,699 |73.44 |6.65 | |Remuneration | | | | | | |Policy | | | | | | |______________|_______|___________|____________|______________|_______________| |Ordinary | | | | | | |resolution | | | | | | |No.6.2: | | | | | | |Implementation|81.48 |18.52 |84,348,252 |79.94 |0.16 | |of | | | | | | |Remuneration | | | | | | |Policy | | | | | | |______________|_______|___________|____________|______________|_______________| |Ordinary | | | | | | |resolution | | | | | | |No.7: | | | | | | | | | | | | | |Approval of |75.43 |24.57 |84,348,252 |79.94 |0.16 | |the amended | | | | | | |rules of the | | | | | | |AECI 2012 long| | | | | | |term incentive| | | | | | |plan | | | | | | |______________|_______|___________|____________|______________|_______________| |Special | | | | | | |resolution No.| | | | | | |1.1: |98.19 |1.81 |84,349,804 |79.94 |0.16 | |Directors’ | | | | | | |fees - Board: | | | | | | |Chairman | | | | | | |______________|_______|___________|____________|______________|_______________| |Special | | | | | | |resolution No.| | | | | | |1.2: | | | | | | |Directors’ |100.00 |0 |84,349,804 |79.94 |0.16 | |fees - Board: | | | | | | |Non-executive | | | | | | |Directors | | | | | | |______________|_______|___________|____________|______________|_______________| |Special | | | | | | |resolution No.| | | | | | |1.3: | | | | | | |Directors’ |100.00 |0 |84,349,804 |79.94 |0.16 | |fees - Audit | | | | | | |Committee: | | | | | | |Chairman | | | | | | |______________|_______|___________|____________|______________|_______________| |Special | | | | | | |resolution No.| | | | | | |1.4: | | | | | | |Directors’ |100.00 |0 |84,349,804 |79.94 |0.16 | |fees – Risk | | | | | | |Committee: | | | | | | |Chairman | | | | | | |______________|_______|___________|____________|______________|_______________| |Special | | | | | | |resolution No.| | | | | | |1.5: | | | | | | |Directors’ |100.00 |0 |84,349,804 |79.94 |0.16 | |fees - SHE | | | | | | |Committee: | | | | | | |Chairman | | | | | | |______________|_______|___________|____________|______________|_______________| |Special | | | | | | |resolution No.| | | | | | |1.6: | | | | | | |Directors’ |100.00 |0 |84,349,804 |79.94 |0.16 | |fees - Other | | | | | | |Board | | | | | | |Committees: | | | | | | |Chairman | | | | | | |______________|_______|___________|____________|______________|_______________| |Special | | | | | | |resolution No.| | | | | | |1.7: | | | | | | |Directors’ |100.00 |0 |84,349,804 |79.94 |0.16 | |fees - Audit | | | | | | |Committee: | | | | | | |Member | | | | | | |______________|_______|___________|____________|______________|_______________| |Special | | | | | | |resolution No.| | | | | | |1.8: | | | | | | |Directors’ |100.00 |0 |84,349,804 |79.94 |0.16 | |fees – Other | | | | | | |Board | | | | | | |Committee: | | | | | | |Member | | | | | | |______________|_______|___________|____________|______________|_______________| |Special | | | | | | |resolution No.| | | | | | |1.9: | | | | | | |Directors’ |100.00 |0 |84,349,804 |79.94 |0.16 | |fees - Meeting| | | | | | |attendance fee| | | | | | |(including ad | | | | | | |hoc meetings) | | | | | | |______________|_______|___________|____________|______________|_______________| |Special | | | | | | |resolution No.| | | | | | |1.10: | | | | | | |Directors’ |100.00 |0 |84,348,252 |79.94 |0.16 | |fees - | | | | | | |Per-trip | | | | | | |allowance | | | | | | |______________|_______|___________|____________|______________|_______________| |Special | | | | | | |resolution No.| | | | | | |2: General |71.16 |28.84 |84,349,804 |79.94 |0.16 | |authority to | | | | | | |repurchase | | | | | | |shares | | | | | | |______________|_______|___________|____________|______________|_______________| |Special | | | | | | |resolution No.| | | | | | |3: Financial | | | | | | |assistance to |100.00 |0 |84,349,804 |79.94 |0.16 | |related or | | | | | | |inter-related | | | | | | |company: | | | | | | |Section 45 | | | | | | |______________|_______|___________|____________|______________|_______________|
* The issued ordinary share capital is 105 517 780 listed ordinary shares, and 3 000 000 listed cumulative preference shares.
The special resolutions will, where necessary, be lodged for registration with the
Woodmead, Sandton
Equity and Debt sponsor:
