AECI Limited Result of AGM
31 May 2023 - 9:10PM
UK Regulatory
TIDM87FZ
AECI LIMITED
Incorporated in the Republic of South Africa
(Registration number: 1924/002590/06)
Share code: AFE ISIN: ZAE000000220
Hybrid code: AFEP ISIN: ZAE000000238
Bond company code: AECI
LEI: 3789008641F1D3D90E85
(AECI or the Company)
REPORT ON PROCEEDINGS AT THE ANNUAL GENERAL MEETING
At the 99th Annual General Meeting (AGM) of the shareholders of AECI held on 30
May 2023, all the ordinary and special resolutions proposed at the meeting were
approved by the requisite majority of votes. In this regard, AECI confirms the
voting statistics from the AGM as follows:
+--------------+-------+-------+--------+---------------+---------------------+
|Resolutions |Votes cast |Number |Shares voted |Shares abstained |
| |disclosed |of |disclosed as a |disclosed as a |
| |as a |ordinary|percentage in |percentage in |
| |percentage |shares |relation to the|relation to the total|
| |in |voted |total issued |issued ordinary |
| |relation | |ordinary |shares* |
| |to the | |shares* | |
| |total | | | |
| |number of | | | |
| |ordinary | | | |
| |shares | | | |
| |voted at | | | |
| |the | | | |
| |meeting | | | |
+--------------+-------+-------+--------+---------------+---------------------+
| |For (%)|Against| |
| | |(%) | |
+--------------+-------+-------+--------+---------------+---------------------+
|Ordinary |96,87 |3,13 |88649 |84,01 |0,18 |
|resolution No.| | |323 | | |
|1: | | | | | |
|Reappointment | | | | | |
|of independent| | | | | |
|auditor and | | | | | |
|appointment of| | | | | |
|designated | | | | | |
|individual | | | | | |
|audit partner | | | | | |
+--------------+-------+-------+--------+---------------+---------------------+
|Ordinary |100,00 |0,00 |88650 |84,01 |0,18 |
|resolution No.| | |277 | | |
|2.1: Re | | | | | |
|-election of | | | | | |
|Non-executive | | | | | |
|Director - | | | | | |
| | | | | | |
|Ms FFT Dludlu | | | | | |
|(De Buck) | | | | | |
+--------------+-------+-------+--------+---------------+---------------------+
|Ordinary |100,00 |0,00 |88650 |84,01 |0,18 |
|resolution No.| | |277 | | |
|2.2: Re | | | | | |
|-election of | | | | | |
|Non-executive | | | | | |
|Director - | | | | | |
| | | | | | |
|Ms AM Roets | | | | | |
+--------------+-------+-------+--------+---------------+---------------------+
|Ordinary |98,82 |1,18 |88 598 |83,97 |0,23 |
|resolution No.| | |733 | | |
|2.3: Re | | | | | |
|-election of | | | | | |
|Non-executive | | | | | |
|Director - | | | | | |
| | | | | | |
|Ms PG Sibiya | | | | | |
+--------------+-------+-------+--------+---------------+---------------------+
|Ordinary |100,00 |0,00 |88650 |84,01 |0,18 |
|resolution No.| | |277 | | |
|3: Election of| | | | | |
|Mr ST Coetzer | | | | | |
|as a Non | | | | | |
|-executive | | | | | |
|Director | | | | | |
+--------------+-------+-------+--------+---------------+---------------------+
|Ordinary |71,81 |28,19 |88648 |84,01 |0,18 |
|resolution No.| | |677 | | |
|4: | | | | | |
| | | | | | |
|Re-election of| | | | | |
|Mr KM Kathan | | | | | |
|as an | | | | | |
|Executive | | | | | |
|Director | | | | | |
+--------------+-------+-------+--------+---------------+---------------------+
|Ordinary |99,74 |0,26 |88650 |84,01 |0,18 |
|resolution No.| | |277 | | |
|5: Election of| | | | | |
|Mr H | | | | | |
|Riemensperger | | | | | |
|as an | | | | | |
|Executive | | | | | |
|Director | | | | | |
+--------------+-------+-------+--------+---------------+---------------------+
|Ordinary |99,00 |1,00 |88587 |83,96 |0,24 |
|resolution No.| | |892 | | |
|6.1: Election | | | | | |
|of Audit | | | | | |
|Committee | | | | | |
|member - | | | | | |
| | | | | | |
|Ms PG Sibiya | | | | | |
+--------------+-------+-------+--------+---------------+---------------------+
|Ordinary |100,00 |0,00 |88650 |84,01 |0,18 |
|resolution No.| | |277 | | |
|6.2: Election | | | | | |
|of Audit | | | | | |
|Committee | | | | | |
|member - | | | | | |
| | | | | | |
|Ms AM Roets | | | | | |
+--------------+-------+-------+--------+---------------+---------------------+
|Ordinary |100,00 |0,00 |88650 |84,01 |0,18 |
|resolution No.| | |277 | | |
|6.3: Election | | | | | |
|of Audit | | | | | |
|Committee | | | | | |
|member - | | | | | |
| | | | | | |
|Ms FFT Dludlu | | | | | |
|(De Buck) | | | | | |
+--------------+-------+-------+--------+---------------+---------------------+
|Ordinary |93,36 |6,64 |88648 |84,01 |0,18 |
|resolution No.| | |677 | | |
|7.1: Non | | | | | |
|-binding | | | | | |
|advisory vote | | | | | |
|on the | | | | | |
|Company's | | | | | |
|Remuneration | | | | | |
|Policy | | | | | |
+--------------+-------+-------+--------+---------------+---------------------+
|Ordinary |83,14 |16,86 |88648 |84,01 |0,18 |
|resolution No.| | |677 | | |
|7.2: Non | | | | | |
|-binding | | | | | |
|advisory vote | | | | | |
|on the | | | | | |
|Implementation| | | | | |
|of the | | | | | |
|Company's | | | | | |
|Remuneration | | | | | |
|Policy | | | | | |
+--------------+-------+-------+--------+---------------+---------------------+
|Special |96,83 |3,17 |88648 |84,01 |0,18 |
|resolution No.| | |677 | | |
|1.1: | | | | | |
|Directors' | | | | | |
|fees - Board: | | | | | |
|Chairman | | | | | |
+--------------+-------+-------+--------+---------------+---------------------+
|Special |99,96 |0,04 |88648 |84,01 |0,18 |
|resolution No.| | |677 | | |
|1.2: | | | | | |
|Directors' | | | | | |
|fees - Board: | | | | | |
|Non-executive | | | | | |
|Director | | | | | |
+--------------+-------+-------+--------+---------------+---------------------+
|Special |99,96 |0,04 |88648 |84,01 |0,18 |
|resolution No.| | |677 | | |
|1.3: | | | | | |
|Directors' | | | | | |
|fees - Audit | | | | | |
|Committee: | | | | | |
|Chairman | | | | | |
+--------------+-------+-------+--------+---------------+---------------------+
|Special |99,96 |0,04 |88648 |84,01 |0,18 |
|resolution No.| | |677 | | |
|1.4: | | | | | |
|Directors' | | | | | |
|fees - Other | | | | | |
|Board | | | | | |
|Committees: | | | | | |
|Chairman | | | | | |
+--------------+-------+-------+--------+---------------+---------------------+
|Special |99,96 |0,04 |88648 |84,01 |0,18 |
|resolution No.| | |677 | | |
|1.5: | | | | | |
|Directors' | | | | | |
|fees - Audit | | | | | |
|Committee: | | | | | |
|Member | | | | | |
+--------------+-------+-------+--------+---------------+---------------------+
|Special |99,96 |0,04 |88648 |84,01 |0,18 |
|resolution No.| | |677 | | |
|1.6: | | | | | |
|Directors' | | | | | |
|fees - Other | | | | | |
|Board | | | | | |
|Committees: | | | | | |
|Member | | | | | |
+--------------+-------+-------+--------+---------------+---------------------+
|Special |99,71 |0,29 |88648 |84,01 |0,18 |
|resolution No.| | |677 | | |
|1.7: | | | | | |
|Directors' | | | | | |
|fees - Meeting| | | | | |
|attendance fee| | | | | |
|(includes ad | | | | | |
|hoc meetings) | | | | | |
+--------------+-------+-------+--------+---------------+---------------------+
|Special |99,96 |0,04 |88650 |84,01 |0,18 |
|resolution No.| | |227 | | |
|1.8: | | | | | |
|Directors' | | | | | |
|fees - Per | | | | | |
|-trip | | | | | |
|allowance | | | | | |
+--------------+-------+-------+--------+---------------+---------------------+
|Special |82,27 |17,73 |88569 |83,94 |0,26 |
|resolution No.| | |765 | | |
|2: General | | | | | |
|authority to | | | | | |
|repurchase | | | | | |
|shares | | | | | |
+--------------+-------+-------+--------+---------------+---------------------+
|Special |99,98 |0,02 |88649 |84,01 |0,18 |
|resolution No.| | |323 | | |
|3: Financial | | | | | |
|assistance to | | | | | |
|related or | | | | | |
|inter-related | | | | | |
|company | | | | | |
+--------------+-------+-------+--------+---------------+---------------------+
* The issued ordinary share capital is 105 517 780 listed ordinary shares and 3
000 000 listed cumulative preference shares.
The special resolutions will, where necessary, be lodged for registration with
the Companies and Intellectual Property Commission in due course.
Woodmead, Sandton
31 May 2023
Equity and Debt Sponsor:
Rand Merchant Bank (A division of FirstRand Bank Limited)
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