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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 GENERAL MEETING
Shareholders are referred to the various announcements released on SENS, and to the
Circular distributed to Shareholders on 1 June 2023, regarding the unbundling of AEEI’s entire
shareholding in AYO to AEEI Shareholders (“Unbundling”), by way of a pro rata distribution
in specie in the ratio of 1 AYO Share for every 2.89 AEEI Shares held on the Unbundling
record date. Terms defined in the Circular shall, unless otherwise stated, bear the same
meaning in this announcement.
Shareholders are advised that, at the General Meeting held today, Friday, 30 June 2023, all
the resolutions as set out in the Notice of General Meeting were passed by the requisite
majority of Shareholders present and voting.
The number of Shares voted in person or by proxy was 430 339 075, representing 87,64% of
the total issued share capital of the same class of Shares.
The resolutions proposed at the General Meeting, together with the percentage of votes carried
for and against each resolution, as well as the percentage of Shares abstained, are set out
below:
Percentage of
votes carried Percentage of Percentage of
for the votes against Shares
Resolutions resolution the resolution abstained
Special resolution number 1:
Approval of the Unbundling 96,54% 3,46% 0,01%
Ordinary resolution number 1:
Authority granted to Directors and
Company Secretary 96,54% 3,46% 0,01%
Board responsibility statement
The Independent Board accepts responsibility for the information contained in this
announcement. To the best of the Independent Board’s knowledge and belief, the information
contained herein is true and this announcement does not omit anything likely to affect the
importance of such information.
Cape Town
30 June 2023
Joint Sponsor
Vunani Sponsors
Joint Sponsor
Merchantec Capital
