Astoria Investments Limited (JSE:ARA) News - Results of Annual General Meeting

ASTORIA INVESTMENTS LTD
(Incorporated in the Republic of Mauritius)
(Registration number 129785 C1/GBL)
SEM share code: ATIL.N0000
JSE share code: ARA
ISIN: MU0499N00015
(“Astoria” or “the Company”)


RESULTS OF ANNUAL GENERAL MEETING


Shareholders are advised that at the annual general meeting of shareholders of the Company held today,
19 May 2021 (in terms of the notice of annual general meeting dispatched to shareholders on 31 March 2021),
all of the resolutions tabled thereat, save for ordinary resolution number 7 and special resolution number 1,
were passed by the requisite majority of Astoria shareholders.

Details of the results of voting at the annual general meeting are as follows:
   - total number of Astoria shares that could have been voted at the annual general meeting: 56 770 357
   - total number of Astoria shares that were present/represented at the annual general meeting: 32 589 792
     being 57.41% of total number of Astoria shares that could have been voted at the annual general
     meeting.

 Resolutions:                                          Shares voted              Votes        Votes        Voted
                                                                                   for      against    abstained

                                                        Number       % (1)       % (2)        % (2)        % (1)
 Ordinary resolution number 1:                      32 589 792      57.41%        100%           0%           0%
 To receive and adopt the audited financial
 statements of the Company for the year
 ended 31 December 2020, together with the
 Statement of Directors’ Responsibilities,
 Corporate Governance Report, and
 independent auditors’ report thereon

 Ordinary resolution number 2.1:                    30 139 241      53.09%        100%           0%        4.32%
 To re-elect Ms Catherine McIlraith as an
 independent non-executive director
 Ordinary resolution number 2.2:                    32 029 798      56.42%        100%           0%        0.99%
 To re-elect Mr Jan van Niekerk as a non-
 executive director

 Ordinary resolution number 3:                      32 589 792      57.41%        100%           0%           0%
 To reappoint Ernst & Young Mauritius, as the
 independent auditor of the Company and
 Mr. Roger de Chazal, as the designated lead
 audit partner and Ms Joline Allison from
 Ernst & Young South Africa as the designated
 partner to act on JSE matters

 Ordinary resolution number 4:                      32 589 792      57.41%        100%           0%           0%
 To authorise the directors to determine the
 remuneration of the auditors

 Ordinary resolution number 5:                      32 589 792      57.41%        100%           0%           0%
 To approve the remuneration of each of the
 non-executive directors

 Ordinary resolution number 6:                      32 589 792      57.41%       61.32%      38.68%           0%
 To authorise the Board of Directors of the
 Company to issue shares

 Ordinary resolution number 7:                      32 589 792      57.41%       62.79%      37.21%           0%
 General authority to issue shares for cash

 Ordinary resolution number 8:                      32 589 792      57.41%       94.18%       5.82%           0%
 Non-binding advisory vote on the
 remuneration implementation policy

 Ordinary resolution number 9:                      32 589 792      57.41%        100%           0%           0%
 Non-binding advisory vote on the
 remuneration implementation report

 Ordinary resolution number 10:                     32 589 792      57.41%        100%           0%           0%
 General authority of the Company

 Special resolution number 11:                      32 589 792      57.41%       62.80%      37.20%           0%
 Waiver of pre-emptive Rights

Notes:
   1. As a percentage of total ordinary shares in issue
   2. As a percentage of shares voted

Astoria has primary listings on the Stock Exchange of Mauritius and the Alternative Exchange of the JSE.

This communique has been issued pursuant to SEM Listing Rule 11.3 and Rule 5(1) of the Securities (Disclosure
Obligations of Reporting Issuers) Rules 2007. The Board of Directors of Astoria accepts full responsibility for the
accuracy of the information contained in this communique.

19 May 2021


JSE designated advisor
Questco Corporate Advisory Proprietary Limited

Company Secretary
Clermont Consultants (MU) Limited

Date: 19-05-2021 03:31:00
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