AECI LIMITED
Incorporated in the Republic of South
Africa
Registration Number 1924/002590/06)
Share code: AFE
ISIN: ZAE000000220
(“AECI” or “the Company”)
REPORT ON PROCEEDINGS AT THE ANNUAL
GENERAL MEETING
At the 91st annual general meeting (“AGM”) of the shareholders
of AECI held today, 1 June 2015, 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 |
114 790 527 |
82,9657 |
0,04595 |
| Ordinary resolution No.2:
Reappointment of independent auditors |
100,00000 |
0,00000 |
114 850 105 |
83,0087 |
0,00289 |
| Ordinary resolution No. 3.1:
Re-election of Non-executive Directors – Mr S Engelbrecht |
100,00000 |
0,00000 |
114 850 105 |
83,0087 |
0,00289 |
| Ordinary resolution No. 3.2:
Re-election of Non-executive Directors – Ms LL Mda |
99,92623 |
0,07377 |
114 455 869 |
82,7238 |
0,28783 |
| Ordinary resolution No. 3.3:
Re-election of Non-executive Directors – Mr LM Nyhonyha |
99,92623 |
0,07377 |
114 455 869 |
82,7238 |
0,28783 |
| Ordinary resolution No.4:
Appointment of Director |
100,00000 |
0,00000 |
114 455 869 |
82,7238 |
0,28783 |
| Ordinary resolution No. 5:
Re-election of Executive Director |
100,00000 |
0,00000 |
114 850 105 |
83,0087 |
0,00289 |
| Ordinary resolution No. 6.1:
Election of Audit Committee members – Mr RMW Dunne |
100,00000 |
0,00000 |
114 850 105 |
83,0087 |
0,00289 |
| Ordinary resolution No. 6.2:
Election of Audit Committee members – Mr RL Hiemstra |
100,00000 |
0,00000 |
114 850 105 |
83,0087 |
0,00289 |
| Ordinary resolution No. 6.3:
Election of Audit Committee members – Mr AJ Morgan |
100,00000 |
0,00000 |
114 850 105 |
83,0087 |
0,00289 |
| Ordinary resolution No. 6.4:
Election of Audit Committee members – Mr LM Nyhonyha |
100,00000 |
0,00000 |
114 455 869 |
82,7238 |
0,28783 |
| Ordinary resolution No. 7:
Remuneration policy |
76,37937 |
23,62021 |
114 006 069 |
82,3987 |
0,61292 |
| Special resolution No. 1.1:
Directors’ fees – Board: Chairman |
99,94921 |
0,05079 |
114 850 105 |
83,0087% |
0,00289 |
| Special resolution No. 1.2:
Directors’ fees – Board: Non-executive Directors |
100,00000 |
0,00000 |
114 850 105 |
83,0087% |
0,00289 |
| Special resolution No. 1.3:
Directors’ fees – Audit Committee: Chairman |
100,00000 |
0,00000 |
114 850 105 |
83,0087% |
0,00289 |
| Special resolution No. 1.4:
Directors’ fees – Audit Committee: Members |
100,00000 |
0,00000 |
114 850 105 |
83,0087 |
0,00289 |
| Special resolution No. 1.5:
Directors’ fees – Other Board Committees: Chairman |
100,00000 |
0,00000 |
114 850 105 |
83,0087 |
0,00289 |
| Special resolution No. 1.6:
Directors’ fees – Other Board Committees: Members |
100,00000 |
0,00000 |
114 850 105 |
83,0087 |
0,00289 |
| Special resolution No. 1.7:
Directors’ fees – Subsidiaries’ FRRC: Chairman |
100,00000 |
0,00000 |
114 850 105 |
83,0087 |
0,00289 |
| Special resolution No. 1.8:
Directors’ fees – Subsidiaries’ FRRC: Non-executive members |
100,00000 |
0,00000 |
114 850 105 |
83,0087 |
0,00289 |
| Special resolution No. 1.9:
Directors’ fees – Meeting attendance fee |
100,00000 |
0,00000 |
114 850 105 |
83,0087 |
0,00289 |
| Special resolution No. 1.10:
Directors’ fees – Ad hoc service fee |
86,57112 |
13,42888 |
114 839 079 |
83,0087 |
0,01086 |
| Special resolution No. 2: General
authority to repurchase shares |
99,97818 |
0,02182 |
114 842 075 |
83,0029 |
0,00869 |
| Special resolution No. 3: Financial
assistance to related or inter-related company |
100,00000 |
0,00000 |
114 850 105 |
83,0087 |
0,00289 |
*Total issued share capital is
138 359 091, comprising 128 241 140 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
1 June 2015
Sponsor
RAND MERCHANT BANK (A division of
FirstRand Bank Limited)