AECI Limited - Report on proceedings at the Annual General Meeting
PR Newswire
LONDON, United Kingdom, May 27
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 102 nd annual general meeting of shareholders of AECI (AGM) held today, all of the ordinary resolutions and special resolutions proposed at the AGM 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 Deloitte & Touche as the independent external auditor | 98.37% | 1.63% | 88 888 694 | 84.24% | 0.22% |
Ordinary resolution No. 2: Re-election of a non-executive director - Mr SA Dawson | 99.40% | 0.60% | 88 888 694 | 84.24% | 0.22% |
Ordinary resolution No. 3: Confirmation of appointment of an executive director - Mr I Kramer | 99.84% | 0.16% | 88 888 694 | 84.24% | 0.22% |
Ordinary resolution No. 4.1: Election of Audit & Risk Committee member - Ms AM Roets | 99.77% | 0.23% | 88 888 694 | 84.24% | 0.22% |
Ordinary resolution No. 4.2: Election of Audit & Risk Committee member - Mr WH Dissinger | 99.61% | 0.39% | 88 888 694 | 84.24% | 0.22% |
Ordinary resolution No. 4.3: Election of Audit & Risk Committee member - Mr B Mawasha | 97.48% | 2.52% | 88 888 694 | 84.24% | 0.22% |
Ordinary resolution No. 4.4: Election of Audit & Risk Committee member - Mr J Ndlovu | 97.29% | 2.71% | 88 888 694 | 84.24% | 0.22% |
Ordinary resolution No. 5.1: Election of Social, Ethics & Safety Committee member - Mr B Mawasha | 99.80% | 0.20% | 88 888 694 | 84.24% | 0.22% |
Ordinary resolution No. 5.2: Election of Social, Ethics & Safety Committee member - Ms PG Sibiya | 99.67% | 0.33% | 88 888 694 | 84.24% | 0.22% |
Ordinary resolution 5.3: Election of Social, Ethics & Safety Committee member - Mr WH Dissinger | 99.61% | 0.39% | 88 888 694 | 84.24% | 0.22% |
Ordinary resolution No. 5.4: Election of Social, Ethics & Safety Committee member - Mr SA Dawson | 99.61% | 0.39% | 88 888 694 | 84.24% | 0.22% |
Ordinary resolution No. 6.1:Non-binding advisory resolution: Remuneration policy | 93.64% | 6.36% | 88 888 694 | 84.24% | 0.22% |
Ordinary resolution No. 6.2:Non-binding advisory resolution: Implementation report | 93.31% | 6.69% | 88 888 694 | 84.24% | 0.22% |
Ordinary resolution No. 7: Directors' authority to implement special and ordinary resolutions | 94.97% | 5.03% | 88 888 694 | 84.24% | 0.22% |
Special resolution No. 1.1: Non-executive directors' fees - Board: Chairman | 100.00% | 0.00% | 88 888 694 | 84.24% | 0.22% |
Special resolution No. 1.2: Non-executive directors' fees - Board: Lead Independent Director | 100.00% | 0.00% | 88 888 694 | 84.24% | 0.22% |
Special resolution No. 1.3: Non-executive directors' fees - Board: Non-Executive Director | 100.00% | 0.00% | 88 888 694 | 84.24% | 0.22% |
Special resolution No. 1.4: Non-executive directors' fees - Audit & Risk Committee: Chairman | 100.00% | 0.00% | 88 888 694 | 84.24% | 0.22% |
Special resolution No. 1.5: Non-executive directors' fees - Remuneration Committee: Chairman | 100.00% | 0.00% | 88 888 694 | 84.24% | 0.22% |
Special resolution No. 1.6: Non-executive directors' fees - Social, Ethics & Safety Committee: Chairman | 100.00% | 0.00% | 88 888 694 | 84.24% | 0.22% |
Special resolution No. 1.7: Non-executive directors' fees - Nominations, Governance & Directors' Affairs Committee: Chairman | 100.00% | 0.00% | 88 888 694 | 84.24% | 0.22% |
Special resolution No. 1.8: Non-executive directors' fees - Strategy & Investment Committee: Chairman | 100.00% | 0.00% | 88 888 694 | 84.24% | 0.22% |
Special resolution No. 1.9: Non-executive directors' fees - Audit & Risk Committee: Member | 100.00% | 0.00% | 88 888 694 | 84.24% | 0.22% |
Special resolution No. 1.10: Non-executive directors' fees - Remuneration Committee: Member | 100.00% | 0.00% | 88 888 694 | 84.24% | 0.22% |
Special resolution No. 1.11: Non-executive directors' fees - Social, Ethics & Safety Committee: Member | 100.00% | 0.00% | 88 888 694 | 84.24% | 0.22% |
Special resolution No. 1.12: Non-executive directors' fees - Other Board Committees: Member | 100.00% | 0.00% | 88 888 694 | 84.24% | 0.22% |
Special resolution No. 1.13: Non-executive directors' fees - Special / ad-hoc meeting attendance fee | 100.00% | 0.00% | 88 888 694 | 84.24% | 0.22% |
Special resolution No. 1.14: Non-executive directors' fees - Per-trip allowance | 100.00% | 0.00% | 88 888 694 | 84.24% | 0.22% |
Special resolution No. 2: Approval of financial assistance to related or inter-related company | 94.97% | 5.03% | 88 888 694 | 84.24% | 0.22% |
Special resolution No. 3: General authority to repurchase Company ordinary shares | 78.08% | 21.92% | 88 888 694 | 84.24% | 0.22% |
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
27 May 2026
Equity Sponsor: One Capital
Debt Sponsor: Questco Proprietary Limited
