AEG 201711240056A
Results Of Annual General Meeting
AVENG LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1944/018119/06)
ISIN: ZAE000111829
SHARE CODE: AEG
("Aveng" or "the Group")
RESULTS OF ANNUAL GENERAL MEETING
Shareholders are advised that at the annual general meeting held today, the requisite majority of
shareholders approved all the ordinary and special resolutions, as set out in the notice of annual
general meeting. There were 416,670,931 ordinary shares in issue as at the date of the annual general
meeting.
The voting results of the resolutions were as follows:
1 Ordinary resolution 1.1: Re-election of director – Mr Peter Erasmus
For Against Abstain Shares voted
332 310 658 4 812 233 878 794 337 122 891
98.57% 1.43% 0.21% 80.91%
2 Ordinary resolution 1.2: Re-election of director – Ms Kholeka Mzondeki
For Against Abstain Shares voted
334 961 174 2 117 208 923 303 337 078 382
99.37% 0.63% 0.22% 80.90%
3 Ordinary resolution 1.3: Re-election of director – Mr Adrian Macartney
For Against Abstain Shares voted
334 826 583 2 296 508 878 594 337 123 091
99.32% 0.68% 0.21% 80.91%
4 Ordinary resolution 2.1: Election of audit committee member – Mr Peter Erasmus
For Against Abstain Shares voted
333 925 389 3 197 702 878 594 337 123 091
99.05% 0.95% 0.21% 80.91%
5 Ordinary resolution 2.2: Election of audit committee member – Mr Philip Hourquebie
For Against Abstain Shares voted
336 628 472 489 619 883 594 337 118 091
99.85% 0.15% 0.21% 80.91%
6 Ordinary resolution 2.3: Election of audit committee member – Ms Kholeka Mzondeki
For Against Abstain Shares voted
336 615 414 502 677 883 594 337 118 091
99.85% 0.15% 0.21% 80.91%
7 Ordinary resolution 3: Reappointment of external auditors
For Against Abstain Shares voted
244 490 501 92 580 038 931 146 337 070 539
72.53% 27.47% 0.22% 80.90%
8 Ordinary resolution 4: Approval of remuneration policy
For Against Abstain Shares voted
205 830 396 131 905 632 265 657 337 736 028
60.94% 39.06% 0.06% 81.06%
9 Ordinary resolution 5: Approval of remuneration report
For Against Abstain Shares voted
215 325 552 121 771 754 904 379 337 097 306
63.88% 36.12% 0.22% 80.90%
10 Special resolution 1: General authority to repurchase shares
For Against Abstain Shares voted
337 001 633 145 758 854 294 337 147 391
99.96% 0.04% 0.21% 80.91%
11 Special resolution 2: Non-executive directors’ remuneration
For Against Abstain Shares voted
337 047 327 689 501 264 857 337 736 828
99.80% 0.20% 0.06% 81.06%
12 Special resolution 3: Non-executive directors’ remuneration
For Against Abstain Shares voted
337 047 327 689 501 264 857 337 736 828
99.80% 0.20% 0.06% 81.06%
13 Special resolution 4: Financial assistance to related and inter-related companies
For Against Abstain Shares voted
337 104 098 261 250 636 337 337 365 348
99.92% 0.08% 0.15% 80.97%
14 Ordinary resolution 6: Signing authority
For Against Abstain Shares voted
337 107 841 15 050 878 794 337 122 891
100.00% 0.00% 0.21% 80.91%
Shareholders are further advised that due to ordinary resolutions number 4 and 5 which relate to the non-
binding advisory votes on the remuneration policy and the implementation of the remuneration policy
being voted against by more than 25% of Aveng shareholders present in person or represented by proxy
at the AGM, the Board has committed itself to continue to engage with the dissenting shareholders. The
manner and timing of such engagement has not as yet been finalised, and, Aveng will issue a further
announcement shortly including such details.
Additionally, the Remuneration Committee members recently met with some of our major shareholders to
discuss the once-off Remuneration Policy and have comitted to consult further in respect of the 2019
policy prior to it being finalised and publishied in next year’s Integrated Report.
CHANGES TO THE BOARD OF DIRECTORS: RESIGNATION OF NON-EXECUTIVE DIRECTORS
In compliance with Section 3.59 of the JSE Limited Listings Requirements, shareholders are advised that
non-executive directors, Mr Mahomed Seedat and Ms Thoko Mokgosi-Mwantembe have resigned from
the Board of directors of Aveng at today’s Annual General Meeting.
The Chairman and the Board wish to thank them for their contribution to the Group and wish them all the
best for their future.
Jet Park, Boksburg
24 November 2017
JSE Sponsor
UBS South Africa Proprietary Limited
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