AECI Limited - Report on proceedings at the Annual General Meeting
PR Newswire
LONDON, United Kingdom, May 28
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)
REPORT ON PROCEEDINGS AT THE ANNUAL GENERAL MEETING
At the 101st Annual General Meeting of the shareholders of AECI (AGM) held on Tuesday, 27 May 2025, all of the ordinary and special resolutions proposed thereat were approved by the requisite majority of votes. In this regard, AECI confirms the voting statistics from the AGM as follows:
Resolution | Votes cast | Number of shares voted | Percentage of shares voted | Abstentions | |
For | Against | ||||
Ordinary resolution No. 1: Re-appointment of the independent external auditor and appointment of designated individual audit partner | 99.47% | 0.53% | 99 636 877 | 94.43% | 0.18% |
Ordinary resolution No. 2.1: Re-election of non-executive director - Mr WH Dissinger | 99.88% | 0.12% | 99 636 877 | 94.43% | 0.18% |
Ordinary resolution No. 2.2: Re-election of non-executive director - Ms FFT Dludlu (De Buck) | 99.88% | 0.12% | 97 693 339 | 92.58% | 2.02% |
Ordinary resolution No. 2.3: Re-election of non-executive director - Ms AM Roets | 99.88% | 0.12% | 99 636 877 | 94.43% | 0.18% |
Ordinary resolution No. 2.4: Re-election of non-executive director - Ms PG Sibiya | 99.69% | 0.31% | 95 650 963 | 90.65% | 3.96% |
Ordinary resolution No. 3: Re-election of executive director - Mr H Riemensperger | 99.76% | 0.24% | 99 636 877 | 94.43% | 0.18% |
Ordinary resolution No. 4.1: Election of non-executive director - Ms NT Moholi | 99.89% | 0.11% | 97 693 339 | 92.58% | 2.02% |
Ordinary resolution No. 4.2: Election of non-executive director - Mr J Ndlovu | 99.89% | 0.11% | 99 636 877 | 94.43% | 0.18% |
Ordinary resolution No. 4.3: Election of non-executive director - Mr B Mawasha | 99.49% | 0.51% | 99 636 877 | 94.43% | 0.18% |
Ordinary resolution No. 5.1: Election of Audit Committee member - Ms AM Roets | 99.88% | 0.12% | 99 636 877 | 94.43% | 0.18% |
Ordinary resolution No. 5.2: Election of Audit Committee member - Ms FFT Dludlu (De Buck) | 99.43% | 0.57% | 94 997 768 | 90.03% | 4.58% |
Ordinary resolution No. 5.3: Election of Audit Committee member - Mr WH Dissinger | 99.66% | 0.34% | 99 636 877 | 94.43% | 0.18% |
Ordinary resolution No. 6.1: Election of Social, Ethics & Sustainability Committee member - Ms FFT Dludlu (De Buck) | 99.88% | 0.12% | 97 040 144 | 91.97% | 2.64% |
Ordinary resolution No. 6.2: Election of Social, Ethics & Sustainability Committee member - Ms PM O'Brien | 99.89% | 0.11% | 99 636 877 | 94.43% | 0.18% |
Ordinary resolution No. 6.3: Election of Social, Ethics & Sustainability Committee member - Mr B Mawasha | 99.76% | 0.24% | 99 636 877 | 94.43% | 0.18% |
Ordinary resolution No. 6.4: Election of Social, Ethics & Sustainability Committee member - Ms PG Sibiya | 99.69% | 0.31% | 94 997 768 | 90.03% | 4.58% |
Ordinary resolution No. 7.1: Non-binding advisory resolution: Remuneration policy | 85.08% | 14.92% | 99 636 877 | 94.43% | 0.18% |
Ordinary resolution No. 7.2: Non-binding advisory resolution: Implementation report | 90.08% | 9.92% | 99 580 028 | 94.37% | 0.24% |
Ordinary resolution No. 8: Directors' authority to implement special and ordinary resolutions | 95.83% | 4.17% | 99 636 877 | 94.43% | 0.18% |
Special resolution No. 1.1: Directors' fees - Board: Chairperson | 99.76% | 0.24% | 99 636 877 | 94.43% | 0.18% |
Special resolution No. 1.2: Directors' fees - Board: Non-Executive Director | 99.89% | 0.11% | 99 636 877 | 94.43% | 0.18% |
Special resolution No. 1.3: Directors' fees - Audit Committee: Chairperson | 99.89% | 0.11% | 99 636 877 | 94.43% | 0.18% |
Special resolution No. 1.4: Directors' fees - Risk Committee: Chairperson | 99.89% | 0.11% | 99 636 877 | 94.43% | 0.18% |
Special resolution No. 1.5: Directors' fees - Environment, Health and Safety Committee: Chairperson | 99.89% | 0.11% | 99 636 877 | 94.43% | 0.18% |
Special resolution No. 1.6: Directors' fees - Remuneration & Human Capital Committee: Chairperson | 99.87% | 0.13% | 99 636 877 | 94.43% | 0.18% |
Special resolution No. 1.7: Directors' fees - Social, Ethics & Sustainability Committee: Chairperson | 99.87% | 0.13% | 99 636 877 | 94.43% | 0.18% |
Special resolution No. 1.8: Directors' fees - Nominations, Governance & Directors' Affairs Committee: Chairperson | 99.89% | 0.11% | 99 636 877 | 94.43% | 0.18% |
Special resolution No. 1.9: Directors' fees - Investment, Innovation & Technology Committee: Chairperson | 99.89% | 0.11% | 99 636 877 | 94.43% | 0.18% |
Special resolution No. 1.10: Directors' fees - Audit Committee: Member | 99.89% | 0.11% | 99 636 877 | 94.43% | 0.18% |
Special resolution No. 1.11: Directors' fees - Remuneration & Human Capital Committee: Member | 99.89% | 0.11% | 99 636 877 | 94.43% | 0.18% |
Special resolution No. 1.12: Directors' fees - Social, Ethics & Sustainability Committee: Member | 99.89% | 0.11% | 99 636 877 | 94.43% | 0.18% |
Special resolution No. 1.13: Directors' fees - Other Board Committees: Member | 99.89% | 0.11% | 99 636 877 | 94.43% | 0.18% |
Special resolution No. 1.14: Directors' fees - Special meeting attendance fee | 99.76% | 0.24% | 99 635 345 | 94.43% | 0.18% |
Special resolution No. 1.15: Directors' fees - Per-trip allowance | 99.87% | 0.13% | 99 635 345 | 94.43% | 0.18% |
Special resolution No. 2: Approval of financial assistance to related or inter-related company | 95.94% | 4.06% | 99 636 877 | 94.43% | 0.18% |
Notes:
- The total issued share capital of AECI is 105 517 780 listed ordinary shares and 3 000 000 listed cumulative preference shares.
- Percentages of shares voted are calculated in relation to the total issued ordinary share capital of AECI.
- Percentages of shares voted for and against are calculated in relation to the total number of ordinary shares voted in respect of each resolution.
- Abstentions are calculated as a percentage in relation to the total issued ordinary share capital of AECI.
Woodmead, Sandton
28 May 2025
Equity Sponsor: One Capital
Debt Sponsor: Questco Corporate Advisory
