Enhanced Investments - Financial Portal

Results of Annual General Meeting ("AGM")

Published: 2023-08-24 16:59:25 ET

AFRICAN MEDIA ENTERTAINMENT LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1926/008797/06)
Share Code: AME        ISIN: ZAE000055802
(“the company”)


RESULTS OF ANNUAL GENERAL MEETING (“the AGM”)


Shareholders are advised that, at the AGM of the company held on Thursday, 24 August 2023, all the
resolutions proposed were passed by the requisite majorities of shareholders.

Details of the resolutions and the voting are contained in the table below. The issued share capital of the
company is 7 022 177 ordinary shares.

 Resolution proposed                         Total number       Number of      Number of       Number of
                                             of votes cast:        votes in         votes    abstentions:
                                               % of issued    favour: % of     against: %     % of issued
                                              share capital     total votes       of total          share
                                                                       cast    votes cast          capital
 Ordinary resolutions
 Ordinary resolution number 1
 To adopt the annual financial                   4,655,463      4,655,463              Nil          2,610
 statements for the year ended                      66.3%           100%              0%           0.04%
 31 March 2023
 Ordinary resolution number 2
 To place the unissued shares under              4,655,463      4,056,851         598,612           2,610
 the control of the directors                       66.3%         87.14%          12.86%           0.04%
 Ordinary resolution number 3
 3.1 To re-elect Mr. ACG Molusi as an            4,655,463      4,655,463              Nil          2,610
 independent non-executive director of              66.3%           100%              0%           0.04%
 the company
  3.2 To re-elect Ms. K Williams-Thipe           4,655,463      4,655,463              Nil          2,610
  as an independent non-executive                   66.3%           100%              0%           0.04%
  director of the company
 Ordinary resolution number 4
 4.1 To elect Ms DS Qocha as an                  4,655,463      4,655,463              Nil          2,610
 independent non-executive director of              66.3%           100%              0%           0.04%
 the company
  4.2 To elect Mr. SN Ngobese as an              4,655,463      4,655,463              Nil          2,610
  independent non-executive director of             66.3%           100%              0%           0.04%
  the company
  4.3 To elect Mr. RCH Fedder as a               4,655,463      4,655,463              Nil          2,610
  non-executive director of the company             66.3%           100%              0%           0.04%
 Ordinary resolution number 5
 To appoint Mazars as the independent            4,655,463      4,655,463              Nil          2,610
 audit firm and Thinus De Vries as the              66.3%           100%              0%           0.04%
 designated audit engagement partner
 Ordinary resolution number 6
 6.1 To re-elect Ms MA da Costa as a             4,655,463      4,655,463              Nil          2,610
 member and chairwoman of the audit                 66.3%           100%              0%           0.04%
 committee
 6.2 To re-elect Ms. J Edwards as a              4,655,463      4,655,463              Nil          2,610
 member of the audit committee                      66.3%           100%              0%           0.04%
 6.3 To re-elect Mr. MJ Prinsloo as a            4,655,463      4,655,463              Nil          2,610
 member of the audit committee                      66.3%           100%              0%           0.04%
 6.4 To elect Mr. SN Ngobese as a                4,655,463      4,655,463              Nil          2,610
 member of the audit committee,                    66.33%           100%              0%           0.04%
 subject to his re-election as director of
 the company in terms of resolution 4.2
 Ordinary resolution number 7
 7.1 To re-elect Ms. K Williams-Thipe       4,655,463   4,655,463      Nil    2,610
 as a member and chairwoman of the             66.3%        100%      0%     0.04%
 social and ethics committee , subject
 to her re-election as director of the
 company in terms of resolution
 3.2
 7.2 To elect Mr. SN Ngobese as a           4,655,463   4,655,463      Nil    2,610
 member of the social and ethics               66.3%        100%      0%     0.04%
 committee, subject to his re-election as
 director of the company in terms of
 resolution 4.2
 7.3 To elect Mr. DM Tiltmann as a          4,655,463   4,655,463      Nil    2,610
 member of the social and ethics               66.3%        100%      0%     0.04%
 committee
 Ordinary resolution number 8
 To grant authority to sign                 4,655,463   4,655,463      Nil    2,610
 documentation                                66.33%        100%      0%     0.04%
 Non-binding advisory resolutions
 Non-binding advisory ordinary
 resolution number 9
 To approve the remuneration policy         4,654,993   4,654,993      Nil    3,080
                                              66.29%        100%      0%     0.04%
 Non-binding advisory ordinary
 resolution number 10
 To approve the implementation of the       4,654,993   4,654,993      Nil    3,080
 remuneration policy                          66.29%        100%      0%     0.04%
 Special resolutions
 Special resolution number 1
 To approve financial assistance to         4,654,993   4,654,993      Nil    3,080
 related or inter-related entities to the     66.29%        100%      0%     0.04%
 company
 Special resolution number 2
 To approve the remuneration of the         4,655,463   4,654,993      470    2,610
 non-executive directors                       66.3%      99.99%    0.01%    0.04%
 Special resolution number 3
 To approve a general authority to          4,655,463   4,655,463      Nil    2,610
 acquire the company's own shares              66.3%        100%      0%     0.04%
 Special resolution number 4
 To approve financial assistance for the    4,655,463   4,655,463      Nil    2,610
 subscription for or purchase of               66.3%        100%      0%     0.04%
 securities by related or inter-related
 entities to the company

By order of the board.

Johannesburg
24 August 2023

Sponsor
AcaciaCap Advisors Proprietary Limited

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.