Enhanced Investments - Financial Portal

Results of the annual general meeting

Published: 2023-08-03 17:30:28 ET

AFRIMAT LIMITED
Incorporated in the Republic of South Africa
(Registration number: 2006/022534/06)
Share code: AFT
ISIN: ZAE000086302
(“Afrimat” 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 14:00 on Wednesday, 2 August 2023 at the Protea Hotel, Durbanville,
99 Jip De Jager Drive, Vineyards Office Estate, Tyger Valley, 7530 (“AGM”), are as follows:

                                        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      Number of      AGM as a             as a
 Resolutions            shares         shares         shares    percentage     percentage
 proposed at           voted at       voted at       voted at     of shares      of shares
 the AGM                  AGM            AGM            AGM        in issue*      in issue*
 Ordinary
 resolution
 number 1: To
 adopt the 2023
 annual financial
 statements            100.00%           0.00%    119 538 753        75.16%          0.42%
 Ordinary
 resolution
 number 2: To
 re-elect Mr
 Jacobus
 (Derick) F van
 der Merwe as a
 director              100.00%           0.00%    119 535 253        75.16%          0.42%
 Ordinary
 resolution
 number 3: To
 re-elect Mr
 Loyiso Dotwana
 as a director           88.72%        11.28%     119 534 391        75.16%          0.42%
 Ordinary
 resolution
 number 4: To
 re-elect Mr
 Johannes HP
 (Johan) van der
 Merwe as a
 director                93.47%          6.53%    119 535 253        75.16%          0.42%
Ordinary
resolution
number 5: To
approve the
appointment of
Mr Nicolaas AS
Kruger as a
director           99.53%    0.47%    119 535 253   75.16%   0.42%
Ordinary
resolution
number 6: To
re-appoint Mr
Loyiso Dotwana
as a member of
the Audit & Risk
Committee          86.00%    14.00%   119 534 391   75.16%   0.42%
Ordinary
resolution
number 7: To
re-appoint Mr
Francois M
Louw as a
member of the
Audit & Risk
Committee          98.41%    1.59%    119 535 253   75.16%   0.42%
Ordinary
resolution
number 8: To
re-appoint Mr
Jacobus
(Derick) F van
der Merwe as a
member of the
Audit & Risk
Committee          100.00%   0.00%    119 535 253   75.16%   0.42%
Ordinary
resolution
number 9: To
re-appoint Ms
Sisanda Tuku
as a member of
the Audit & Risk
Committee          100.00%   0.00%    119 535 253   75.16%   0.42%
Ordinary
resolution
number 10: To
approve the
appointment of
Mr Nicolaas AS
Kruger as a
member of the
Audit & Risk
Committee          100.00%   0.00%    119 535 253   75.16%   0.42%
Ordinary
resolution
number 11: To
re-appoint
Pricewaterhous
eCoopers Inc.
as auditor         98.79%   1.21%    119 542 702   75.16%   0.41%
Ordinary
resolution
number 12:
Non-binding
endorsement of
Afrimat’s
remuneration
policy             94.46%   5.54%    119 539 453   75.16%   0.42%
Ordinary
resolution
number 13:
Non-binding
endorsement of
Afrimat’s
implementation
report on the
remuneration
policy             94.94%   5.06%    119 539 453   75.16%   0.42%
Ordinary
resolution
number 14: To
authorise the
directors or the
Company
Secretary to
sign all
documentation      99.91%   0.09%    119 538 753   75.16%   0.42%
Ordinary
resolution
number 15: To
place unissued
shares under
the directors’
control            79.24%   20.76%   119 538 253   75.16%   0.42%
Ordinary
resolution
number 16:
General
authority to
issue ordinary
shares for cash    95.81%   4.19%    119 538 753   75.16%   0.42%
Ordinary
resolution
number 17:
Approval of the
amendment of
the Afrimat        99.95%   0.05%    119 538 253   75.16%   0.42%
Limited Share
Appreciation
Right Scheme
Special
resolution
number 1:
Remuneration
of Chairman of
the Board          99.90%   0.10%   119 539 363   75.16%   0.42%
Special
resolution
number 2:
Remuneration
of non-executive
directors          96.42%   3.58%   119 539 363   75.16%   0.42%
Special
resolution
number 3:
Remuneration
of Chairman of
the Audit & Risk
Committee          99.91%   0.09%   119 539 363   75.16%   0.42%
Special
resolution
number 4:
Remuneration
of Audit & Risk
Committee
members            99.91%   0.09%   119 539 363   75.16%   0.42%
Special
resolution
number 5:
Remuneration
of Chairman of
the
Remuneration
Committee          99.91%   0.09%   119 539 363   75.16%   0.42%
Special
resolution
number 6:
Remuneration
of Chairman of
the Nominations
Committee          99.91%   0.09%   119 539 363   75.16%   0.42%
Special
resolution
number 7:
Remuneration
of
Remuneration &
Nominations
Committee
members            99.91%   0.09%   119 539 363   75.16%   0.42%
Special
resolution
number 8:
Remuneration
of Chairman of
the Social,
Ethics &
Sustainability
Committee           99.91%    0.09%    119 539 363   75.16%   0.42%
Special
resolution
number 9:
Remuneration
of Social, Ethics
& Sustainability
Committee
members             99.91%    0.09%    119 539 363   75.16%   0.42%
Special
resolution
number 10:
Remuneration
of Chairman of
the Investment
Review
Committee           99.91%    0.09%    119 539 363   75.16%   0.42%
Special
resolution
number 11:
Remuneration
of Investment
Review
Committee
members             99.91%    0.09%    119 539 363   75.16%   0.42%
Special
resolution
number 12: Ad
hoc
remuneration of
members of the
Board under
rare
circumstances       90.03%    9.97%    119 539 363   75.16%   0.42%
Special
resolution
number 13:
Inter-company
financial
assistance          100.00%   0.00%    119 538 253   75.16%   0.42%
Special
resolution
number 14:
Financial
assistance for
the subscription    87.14%    12.86%   119 538 239   75.16%   0.42%
 and/or purchase
 of shares in the
 Company or a
 related or inter-
 related
 company
 Special
 resolution
 number 15:
 Share
 repurchases by
 the Company
 and its
 subsidiaries             99.18%       0.82%    119 548 811        75.17%          0.41%

Note:
*Total number of shares in issue as at the date of the AGM was 159 690 957, of which 8 297
674 were treasury shares.


Cape Town
3 August 2023

Sponsor
Valeo Capital (Pty) Ltd

Enhanced Investments, Inc.
329 South Oyster Bay Road #2085
Plainview, NY 11803
team@eninvs.com

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All statements made via social media sites sponsored or maintained by Enhanced Investments and its affiliates are for informational purposes only and do not constitute a comprehensive description of Enhanced Investments' investment advisory services.
Certain investments are not suitable for all investors. Before investing, consider your investment objectives and applicable fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Information provided by Enhanced Investments is for informational and general educational purposes only and is not investment or financial advice.