AFRICAN EQUITY EMPOWERMENT INVESTMENTS LIMITED - Results Of The Annual General Meeting

2019-01-18 15:00:00

AEE 201901180025A
Results Of The Annual General Meeting

AFRICAN EQUITY EMPOWERMENT
INVESTMENTS LIMITED
(Incorporated in the Republic of South Africa)
Registration number 1996/006093/06
Share code: AEE
ISIN: ZAE000195731
('AEEI' or 'the Company')

                        RESULTS OF THE ANNUAL GENERAL MEETING

Shareholders are hereby advised that the results of the voting at the annual general meeting
of the Company held at 08:00 today, Friday, 18 January 2019, at the AEEI Head Office, at
Quay 7, East Pier, V&A Waterfront, Cape Town ('AGM'), are as follows:

                                             Votes
                           Votes for        against
                          resolution     resolution
                                as a         as a                       Number of
                         percentage     percentage                       shares         Number of
                             of total       of total                     voted at         shares
                          number of      number of                      AGM as a      abstained as
 Resolutions                 shares         shares       Number of      percentage     a percentage
 proposed at the            voted at       voted at    shares voted     of shares in    of shares in
 AGM                           AGM            AGM           at AGM          issue           issue
 
 Ordinary resolution
 number 1: To
 appoint the             Withdrawn
 following Director:
 Abdul Malick Salie
 
 Ordinary resolution
 number 2: To
 appoint the
 following Director:        100             0          401 128 722      81.64             0
 Ngoako Abel
 Ramatlhodi
 
 Ordinary resolution
 number 3: To re-
 elect the following
 Director who retires       100             0          401 128 722      81.64             0
 by rotation:
 Vukile Charles
 Mehana
 
 Ordinary resolution
 number 4: To re-
 elect the following
 Director who retires       100             0          401 128 722      81.64             0
 by rotation:
 Aziza Begum Amod
 
 Ordinary resolution
 number 5: To re-        Withdrawn
 elect the following
 Director who retires
 by rotation:
 Takudzwa
 Tanyaradzwa Hove

 Ordinary resolution
 number 6: To re-
 elect the following
 Director who retires    Withdrawn
 by rotation:
 Zenariah Barends

 Ordinary resolution
 number 7: To re-
 elect the following
 Director who retires    Withdrawn
 by rotation:
 Johannes Mihe
 Gaomab
 
 Ordinary resolution
 number 8: To re-
 appoint the
 following member
 of the audit and risk   Withdrawn
 committee:
 Takudzwa
 Tanyaradzwa Hove

 Ordinary resolution
 number 9: To re-
 appoint the
 following member           100           0          401 128 722       81.64             0
 of the audit and risk
 committee:
 Aziza Begum Amod

 Ordinary resolution
 number 10: To re-
 appoint the
 following member
 of the audit and risk   Withdrawn
 committee:
 Johannes Mihe
 Gaomab

 Ordinary resolution
 number 11: To re-
 appoint the
 following member
 of the audit and risk      100          0          401 128 722       81.64             0
 committee:
 Ngoako Abel
 Ramatlhodi

 Ordinary resolution
 number 12: The
 appointment of             100         0           401 128 722       81.64             0
 BDO Cape Inc. as
 the independent
 auditor of the
 Company for the
 ensuing year

 Ordinary resolution
 number 13: Control
 of authorised but        100          0            401 128 722       81.64            0
 unissued 'B'
 ordinary shares
 
 Ordinary resolution
 number 14:
 Approval to issue
 'B' ordinary shares      100          0            401 128 722      81.64             0
 and/or options for
 cash

 Ordinary resolution
 number 15: Non-
 binding advisory
 vote on the              100          0            401 128 722      81.64             0
 Remuneration
 policy of the
 Company
 
 Ordinary resolution
 number 16: Non-
 binding advisory
 vote on the
 Implementation of        100           0            401 128 722      81.64             0
 the remuneration
 policy of the
 Company

 Special resolution
 number 1: To
 approve the
 remuneration of the      100           0            401 128 722      81.64             0
 non-executive
 Directors

 Special resolution
 number 2: To
 approve inter-           100           0             401 128 722      81.64             0
 company financial
 assistance

 Special resolution
 number 3: To
 approve financial
 assistance for the
 subscription or          100           0             401 128 722      81.64             0
 purchase of shares
 in the Company or
 in a related or inter-
 related company

 Special resolution
 number 4: Approval
 for the Company or 
 its subsidiaries to     100            0             401 128 722      81.64             0
 repurchase shares
 of the Company

Note:
Total number of shares in issue as at the date of the AGM was 491 339 434.


CHANGES TO THE BOARD OF DIRECTORS

Messrs AM Salie, TT Hove, JM Gaomab and Ms Z Barends did not make themselves
available for re-election at the AGM and voluntary elected to step off the Board and
accordingly the requisite resolutions were withdrawn.

Furthermore, the Board wishes to advise that Ms CF Hendricks voluntary elected to step off
the Board as an executive director of the Company with immediate effect but will continue in
her role as an executive in the capacity of Corporate Affairs and Sustainability.

Accordingly, in compliance with paragraph 3.59(b) of the JSE Listings Requirements, the
Company advises that Messrs AM Salie, TT Hove, JM Gaomab, Ms Z Barends and Ms CF
Hendricks were not available for re-election to the Board (the Board) and are therefore no
longer directors to the Board with effect from 18 January 2019.

The Board wishes to thank Messrs Salie, Hove, Gaomab, Ms Barends and Ms Hendricks for
their tenure on the Board and its Committees. The Board wishes to take this opportunity of
wishing them all of the very best and success going forward.

The Board further advises that Mr Ismet Amod has been appointed to the Board of Directors
as an independent non-executive director effective 21 January 2019.

In addition, the Board further wishes to advise that Mr Ismet Amod has been appointed to the
Audit and Risk Committee effective 21 January 2019.

Cape Town
18 January 2019

Sponsor
PSG Capital

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