AEG : 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. There were 19,394,498,220
ordinary shares in issue as at the date of the annual general meeting. The total number of shares
present/represented, including proxies, at the meeting was 12,078,833,016.
Disclosed as a percentage of the voteable shares
The voting results of the resolutions were as follows:
1. Ordinary resolution 1.1: Re-election of director - Mr Eric Diack
For Against Abstain Shares voted
11,667,639,456 382,922,086 28,271,474 12,050,561,542
96.82% 3.18% 0.15% 62.13%
2. Ordinary resolution 1.2: Re-election of director - Mr Sean Flanagan
For Against Abstain Shares voted
12,049,844,878 716,664 28,271,474 12,050,561,542
99.99% 0.01% 0.15% 62.13%
3. Ordinary resolution 1.3: Re-election of director - Ms May Hermanus
For Against Abstain Shares voted
11,272,228,977 778,332,565 28,271,474 12,050,561,542
93.54% 6.46% 0.15% 62.13%
4. Ordinary Resolution 2.1: Election of audit and risk committee member - Mr Philip Hourquebie
For Against Abstain Shares voted
12,045,695,594 2,279,948 30,857,474 12,047,975,542
99.98% 0.02% 0.16% 62.12%
5. Ordinary Resolution 2.2: Election of audit and risk committee member - Mr Mike Kilbride
For Against Abstain Shares voted
11,782,423,858 267,551,684 28,857,474 12,049,975,542
97.78% 2.22% 0.15% 62.13%
6. Ordinary resolution 2.3: Election of audit and risk committee member - Ms May Hermanus
For Against Abstain Shares voted
11,005,123,043 1,044,878,499 28,831,474 12,050,001,542
91.33% 8.67% 0.15% 62.13%
7. Ordinary resolution 3: Reappointment of external auditors
For Against Abstain Shares voted
9,116,549,411 2,934,600,190 27,683,415 12,051,149,601
75.65% 24.35% 0.14% 62.14%
8. Ordinary resolution 4: Approval of remuneration policy
For Against Abstain Shares voted
11,230,870,824 814,908,777 33,053,415 12,045,779,601
93.23% 6.77% 0.17% 62.11%
9. Ordinary resolution 5: Approval of remuneration report
For Against Abstain Shares voted
8,081,390,308 3,961,785,005 35,657,703 12,043,175,313
67.10% 32.90% 0.18% 62.10%
10. Special resolution 1: General authority to repurchase share
For Against Abstain Shares voted
12,037,480,414 14,095,187 27,257,415 12,051,575,601
99.88% 0.12% 0.14% 62.14%
11. Special resolution 2: Non-executive directors' remuneration
For Against Abstain Shares voted
11,148,046,499 866,487,152 64,299,365 12,014,533,651
92.79% 7.21% 0.33% 61.95%
12. Special resolution 3: Financial assistance to related and inter-related companies
For Against Abstain Shares voted
12,035,637,480 562,659 42,632,877 12,036,200,139
100.00% 0.00% 0.22% 62.06%
13. Ordinary resolution 6: Signing authority
For Against Abstain Shares voted
12,049,877,960 657,582 28,297,474 12,050,535,542
99.99% 0.01% 0.15% 62.13%
ENGAGEMENT WITH DISSENTING SHAREHOLDERS
Shareholders are further advised, that Ordinary Resolution number 5, relating to the non-binding
advisory vote on the Company s remuneration report was approved by less than 75% of
shareholders present in person or represented by proxy at the AGM. In line with the
recommendations of the King IV Report on Corporate Governance for South Africa, 2016 and the
JSE Limited Listings Requirements, Aveng will engage with shareholders who did not vote in
favour of the resolution ("Dissenting Shareholders").
An invitation is therefore extended to shareholders to engage with the Company as follows:
shareholders are invited to forward their concerns/questions on the remuneration report to the
company secretary in writing to edinah.mandizha@avenggroup.com by close of business on
Friday, 17 January 2020; and
engagements will be arranged thereafter, if appropriate, with individual shareholders to
discuss their concerns/questions.
Jet Park, Boksburg
29 November 2019
JSE Sponsor
UBS South Africa Proprietary Limited
Enquiries:
Michael Canterbury
Group Executive: Strategy & Investor Relations
Tel: 011 779 2979
Email: michael.canterbury@avenggroup.com
Date: 29-11-2019 02:25:00
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