AEG 201811160023A
Results of the general meeting
AVENG LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1944/018119/06)
Share code: AEG
Share ISIN: ZAE000111829
("Aveng", "the Company")
RESULTS OF THE GENERAL MEETING
Aveng Shareholders are advised that at the general meeting held today 16 November 2018, the requisite
majority of shareholders approved all the resolutions, as set out in the notice of the general meeting,
necessary to proceed. In February 2018, Aveng announced the results of the strategic review following a
thorough and robust interrogation of all parts of the organisation to identify businesses and assets that
support its long-term strategy of becoming an international infrastructure and resources group, with a
footprint in developing and fast-growing regions and with access across the chosen markets. As part of
the strategy, Aveng identified the Jet Park Property as a non-core asset for disposal to generate capital
and enhance the liquidity of the Aveng Group. Aveng Africa has reached agreement with Equites for the
disposal of the Jet Park Property.
Results of the general meeting
There were 19 394 498 220 ordinary shares in issue at the date of the general meeting. The total number
of shares present/represented, including proxies, at the meeting was 14 337 831 944 or 74% of Aveng’s
issued share capital.
The voting results of the resolutions were as follows:
Ordinary resolution 1: Approval of the Proposed Transaction
The Aveng’s Board be and is hereby authorised to implement the Proposed Transaction, upon the terms
and subject to the conditions set out in the Circular to the Shareholders dated 15 October 2018 of which
this Notice of General Meeting forms part.
For Against Abstain Total shares voted
Shares voted 14 335 288 033 433 174 2 110 737 14 335 721 207
100% 0% 0.01% 73.92%
Ordinary resolution 2: Authority to any Director or Aveng Group Secretary
Any of the Directors of Aveng’s Board or the Aveng Group Secretary be and is hereby authorised to take
all actions necessary and sign all documents required to implement the Proposed Transaction.
For Against Abstain Total shares voted
Shares voted 14 333 283 582 489 425 4 058 937 14 333 773 007
100% 0% 0.02% 73.91%
Jet Park
16 November 2018
JSE Sponsor
UBS South Africa Proprietary Limited
Legal advisors
Baker McKenzie
Michael Canterbury
Group Executive: Strategy & Investor Relations
Tel: 011 779 2979
Email: michael.canterbury@avenggroup.com
Date: 16/11/2018 11:15:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS. |