Insimbi Industrial Holdings Ltd (JSE:ISB) News - Results of the Annual General Meeting

Insimbi Industrial Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration    number:     2002/029821/06)
Share code: ISB ISIN: ZAE000116828
(“Insimbi” or “the Company”)

RESULTS OF THE ANNUAL GENERAL MEETING

Shareholders are hereby advised that at the annual general meeting of the Company held
entirely via a remote interactive electronic platform today, 6 August 2021 at 10:00 (“AGM”), all
of the resolutions were passed by the requisite majorities of the Company’s shareholders.

Details of the results of the voting at the 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 the           voted at       voted at        voted at   of shares in   of shares in
 AGM                          AGM            AGM             AGM           issue          issue
 Ordinary resolution
 number 1: Adoption
 of annual financial
 statements                   100%            0%      320 875 340           73%            0.1%
 Ordinary resolution
 number 2:
 Confirmation of
 appointment via re-
 election of director
 –Ms CS Ntshingila            100%             0%     320 875 340           73%            0.1%
 Ordinary resolution
 number 3:
 Appointment of Mr
 RI Dickerson to the
 Audit and Risk
 Committee                    100%             0%     320 875 340           73%            0.1%
 Ordinary resolution
 number 4:
 Appointment of Ms
 IP Mogotlane to the
 Audit and Risk
 Committee                    100%             0%     320 875 340           73%            0.1%
 Ordinary resolution
 number 5:
 Appointment of Ms
 CS Ntshingila to
 the Audit and Risk
 Committee                    100%             0%     320 875 340           73%            0.1%
 Ordinary resolution
 number 6:
 Appointment of
 Moore Cape Town
 Inc. as external
 auditor                       100%             0%    320 875 340            73%           0.1%
 Ordinary resolution
 number 7:
 Indemnification of
 directors                      100%             0%   320 875 340           73%            0.1%
 Ordinary resolution
 number 8: General
 authority to issue
 shares or options
 for cash                        100%             0%    320 875 340        73%             0.1%
 Non-binding
 advisory vote 1:
 Remuneration
 policy                          100%             0%     320 875 340        73%            0.1%
 Non-binding
 advisory vote 2:
 Implementation
 report                           100%             0%   320 875 340        73%             0.1%
 Special resolution
 number 1: Approval
 of non-executive
 directors’ fees                  100%             0%   320 875 340       73%             0.1%
 Special resolution
 number 2: General
 approval to
 repurchase
 company shares                    100%             0%   320 875 340      73%             0.1%
 Special resolution
 number 3: Loans or
 financial assistance
 to subsidiaries and
 related or inter-
 related companies
 in terms of Section
 45 (2) and 45 (3)                100%             0%     320 875 340     73%              0.1%
 Special resolution
 number 4: Loans or
 financial assistance
 to subsidiaries and
 related or inter-
 related companies
 in terms of Section
 44 (3)(a) (ii, 44 (1)
 and 44 (2)                        100%             0%   320 875 340           73%        0.1%

Note:
Total number of shares in issue as at the date of the AGM was 440 000 000. 

Johannesburg
6 August 2021

Sponsor
PSG Capital

Date: 06-08-2021 12:50:00
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