Enhanced Investments - Financial Portal

Results of Annual General Meeting ("AGM")

Published: 2020-08-28 05:05:00 ET

African Media Entertainment (JSE:AME) News - Results of Annual General Meeting ("AGM")

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 all the resolutions proposed at the AGM of the company held on Thursday,
27 August 2020 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 7 923 126 ordinary shares.

 Resolution proposed                          Total number of     Votes in           Votes      Abstentions:
                                            votes cast: (% of    favour: %       against: %      % of issued
                                                 issued share      of total         of total           share
                                                     capital)    votes cast       votes cast         capital
 Ordinary resolution number 1:
 To adopt the annual financial statements           4 816 340:    4 816 340:             Nil             Nil
 for the year ended 31 March 2020                      60.79%         100%               0%              0%

 Ordinary resolution number 2:
 To place the unissued shares under the             4 816 340:    3 598 506:      1 217 834:              Nil
 control of the directors                              60.79%        74.71%          25.29%

 Ordinary resolution number 3:
 Re-election of non-executive directors             4 816 340:    4 816 340:             Nil             Nil
 3.1 To re-elect Ms. J Edwards as a non-               60.79%         100%               0%              0%
 executive director
 3.2 To re-elect Ms. K Williams-Thipe as a          4 816 340:    4 816 340:             Nil             Nil
 non-executive director                                60.79%         100%               0%              0%

 Ordinary resolution number 4:
 To re-appoint BDO South Africa as the              4 816 340:    4 816 340:             Nil             Nil
 independent auditor                                   60.79%         100%               0%              0%

 Ordinary resolution number 5:
 Re-election of audit and risk committee
 members
 5.1 To re-elect Mr. N Sooka as a member
 and chairman of the audit and risk                 4 816 340:    4 816 340:             Nil             Nil
 committee                                             60.79%         100%               0%              0%
 5.2 To re-elect Mr. MJ Prinsloo as a               4 816 340:    4 816 340:             Nil             Nil
 member of the audit and risk committee                60.79%         100%               0%              0%
 5.3 To re-elect Ms. J Edwards as a                 4 816 340:    4 816 340:             Nil             Nil
 member of the audit and risk committee                60.79%         100%               0%              0%

 Ordinary resolution number 6:
 Re-election of      social and ethics
 committee members
 6.1 To elect Ms. K Williams-Thipe as a             4 816 340:    4 816 340:             Nil             Nil
 member and chairman of the social and                 60.79%          100%              0%              0%
 ethics committee
 6.2 To re-elect Ms. J Edwards as a                 4 816 340:    4 816 340:             Nil             Nil
 member of the social and ethics                       60.79%          100%              0%              0%
 committee
 6.3 To re-elect Mr. ACG Molusi as a                4 816 340:    4 816 340:             Nil             Nil
 member of the social and ethics                       60.79%          100%              0%              0%
 committee
 
 Ordinary resolution number 7:                      4 816 340:    4 816 340:             Nil             Nil
 To grant authority to sign documentation              60.79%         100%               0%              0%

 Non-binding ordinary resolution number 8:          4 816 340:    4 816 340:             Nil             Nil
 To approve the remuneration policy                    60.79%         100%               0%              0%

 Non-binding ordinary resolution number 9:
 To approve implementation of the                   4 816 340:    4 816 340:             Nil             Nil
 remuneration policy                                   60.79%         100%               0%              0%

 Special resolution number 1:
 To approve a general authority to acquire          4 816 340:    4 816 340:              Nil            Nil
 the company's own shares                              60.79%         100%                0%             0%

 Special resolution number 2:
 To approve the non-executive directors’            4 816 340:    4 816 340:              Nil            Nil
 remuneration                                          60.79%         100%                0%             0%

 Special resolution number 3:
 To approve financial assistance to related         4 816 340:    4 816 340:              Nil            Nil
 and inter-related entities to the company             60.79%         100%                0%             0%

 Special resolution number 4:
 To approve financial assistance for the
 subscription for or purchase of securities         4 816 340:    4 816 340:              Nil            Nil
 by related or inter-related entities to the           60.79%         100%                0%             0%
 company

By order of the board.

Johannesburg
28 August 2020

Sponsor
AcaciaCap Advisors Proprietary Limited

Date: 28-08-2020 07:05:00
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329 South Oyster Bay Road #2085
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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.