African Equity Empowerment Investments : Results Of The Annual General Meeting

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 advised that, at the annual general meeting of AEEI held electronically at
14:00 on Thursday, 25 February 2021 ('AGM'), all the resolutions as set out in the notice of
AGM were passed by the requisite majority of shareholders, save for ordinary resolution
number 10, relating to the appointment of Jowayne van Wyk as a member of the social, ethics
and transformation committee.

The number of shares voted in person or by proxy was 399 382 148, representing 81.34% of
the total issued share capital of the same class of AEEI shares. AEEI's total number of shares
in issue as at the date of the AGM was 491 022 434.

The resolutions proposed at the AGM, as well as the percentage of votes carried for and
against each resolution, together with the percentage of shares abstained, are set out below:

Votes
Votes for against
resolution resolution
as a as a Number of Number of
percentage percentage shares shares
of total of total voted at abstained
number of number of AGM as a as a
Resolutions shares shares Number of percentage percentage
proposed at the voted at voted at shares voted of shares in of shares in
AGM AGM AGM at AGM issue issue
Resolution number
1: Approval of 100,00 0,00 399 144 507 81,29 0,05
Annual Financial
Statements
Ordinary resolution
number 1: To
appoint the 97,30 2,70 399 144 507 81,29 0,05
following Director:
Bongikhaya Qama
Ordinary resolution
number 2: To
appoint the 100,00 0,00 398 582 257 81,17 0,16
following Director:
Willem
Raubenheimer
Ordinary resolution
number 3: To re-
elect the following 97,30 2,70 399 144 507 81,29 0,05
Director who retires
by rotation:
Ismet Amod
Ordinary resolution
number 4: To re-
elect the following 97,30 2,70 398 874 107 81,23 0,10
Director who retires
by rotation:
Gaamiem Colbie
Ordinary resolution
number 5: To
appoint the
following member
of the audit and risk 100,00 0,00 398 582 257 81,17 0,16
committee:
Willem
Raubenheimer
Ordinary resolution
number 6: To re-
appoint the
following member 97,30 2,70 398 874 107 81,23 0,10
of the audit and risk
committee:
Ismet Amod
Ordinary resolution
number 7: To re-
appoint the
following member 97,30 2,70 398 874 107 81,23 0,10
of the audit and risk
committee:
Gaamiem Colbie
Ordinary resolution
number 8: To
appoint the
following member
of the social, ethics 97,30 2,70 399 144 507 81,29 0,05
and transformation
committee:
Ismet Amod
Ordinary resolution
number 9: To
appoint the
following member
of the social, ethics 97,30 2,70 399 144 507 81,29 0,05
and transformation
committee:
Bongikhaya Qama
Ordinary resolution
number 10: To Withdrawn Withdrawn Withdrawn Withdrawn Withdrawn
appoint the
following member
of the social, ethics
and transformation
committee:
Jowayne van Wyk
Ordinary resolution
number 11: To
appoint auditors: 100,00 0,00 399 144 507 81,29 0,05
Crowe JHB and
THAWT Inc.
Ordinary resolution
number 12: Control
of authorised but 97,30 2,70 399 146 507 81,29 0,05
unissued 'B'
ordinary shares
Ordinary resolution
number 13:
Approval to issue
97,30 2,70 399 146 507 81,29 0,05
'B' ordinary shares
and/or options for
cash
Ordinary resolution
number 14: Non-
binding advisory
vote on the 97,30 2,70 399 146 507 81,29 0,05
Remuneration
policy of the
Company
Ordinary resolution
number 15: Non-
binding advisory
vote on the
97,30 2,70 399 146 507 81,29 0,05
Implementation of
the remuneration
policy of the
Company
Ordinary resolution
number 16: To give
97,30 2,70 399 144 507 81,29 0,05
directors authority
to sign documents
Special resolution
number 1: To
approve the
100,00 0.00 398 584 257 81,17 0,16
remuneration of the
non-executive
Directors
Special resolution
number 2: To
approve inter- 97,16 2,84 399 146 507 81,29 0,05
company financial
assistance
Special resolution
number 3: To 97,30 2,70 399 146 507 81,29 0,05
approve financial
assistance for the
subscription or
purchase of shares
in the Company or
in a related or inter-
related company
Special resolution
number 4: Approval
for the Company or
97,30 2,70 399 146 507 81,29 0,05
its subsidiaries to
repurchase shares
of the Company

Cape Town
26 February 2021

Joint Sponsor
Vunani Capital

Joint Sponsor
Merchantec Capital

Date: 26-02-2021 05:12:00

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