|
Results of the annual general meeting
AFRIMAT LIMITED
Incorporated in the Republic of South Africa
(Registration number: 2006/022534/06)
Share code: AFT
ISIN: ZAE000086302
("Afrimat" or "the Company")
RESULTS OF THE ANNUAL GENERAL MEETING
Shareholders are hereby advised that the results of the voting at the annual general meeting
of the Company held at 14:00 today, Wednesday, 23 July 2025 at the Company's registered
office at Tyger Valley Office Park No. 2, Corner of Willie van Schoor Avenue and Old Oak
Road, Tyger Valley, 7530 ("AGM") are as follows:
Votes
Votes for against
resolution resolution
as a as a Number of Number of
percentage percentage shares shares
of total of total voted at abstained
number of number of Number of AGM as a as a
Resolutions shares shares shares percentage percentage
proposed at voted at voted at voted at of shares of shares
the AGM AGM AGM AGM in issue¹ in issue¹
Ordinary
resolution
number 1: To
adopt the 2025
annual financial
statements 100.00% 0.00% 113 488 292 70.80% 0.84%
Ordinary
resolution
number 2: To
re-elect Mr
Jacobus F
(Derick) van der
Merwe as a
director 89.98% 10.02% 113 514 382 70.81% 0.82%
Ordinary
resolution
number 3: To
re-elect Mr
Johannes HP
(Johan) van der
Merwe as a
director 98.23% 1.77% 113 514 382 70.81% 0.82%
Ordinary
resolution
number 4: To
ratify the
appointment of
Mr Jacques
Breytenbach as
a director 100% 0.00% 113 514 382 70.81% 0.82%
Ordinary
resolution
number 5: To
ratify the
appointment of
Mr Pierre
Joubert as a
director 99.87% 0.13% 113 514 382 70.81% 0.82%
Ordinary
resolution
number 6: To
re-appoint Mr
Loyiso Dotwana
as a member of
the Audit & Risk
Committee 69.20% 30.80% 113 515 812 70.82% 0.82%
Ordinary
resolution
number 7: To
re-appoint Mr
Francois M
Louw as a
member of the
Audit & Risk
Committee 87.95% 12.05% 113 298 668 70.86% 0.96%
Ordinary
resolution
number 8: To
re-appoint Mr
Jacobus F
(Derick) van der
Merwe as a
member of
the Audit & Risk
Committee 87.46% 12.54% 113 514 382 70.81% 0.82%
Ordinary
resolution
number 9: To
re-appoint Ms
Sisanda Tuku
as a member of
the Audit & Risk
Committee 99.98% 0.02% 113 515 812 70.82% 0.82%
Ordinary
resolution
number 10: To
re-appoint Mr
Nicolaas AS
Kruger as a
member of the
Audit &
Risk Committee 99.98% 0.02% 113 514 382 70.81% 0.82%
Ordinary
resolution
number 11: To
appoint Mr
Loyiso Dotwana
as a member of
the Social,
Ethics and
Sustainability
Committee 96.31% 3.69% 113 515 812 70.82% 0.82%
Ordinary
resolution
number 12: To
appoint Mrs
Phuti RE
Tsukudu as a
member of the
Social,
Ethics and
Sustainability
Committee 97.31% 2.69% 113 515 812 70.82% 0.82%
Ordinary
resolution
number 13: To
appoint Mr
Francois M
Louw as a
member of the
Social,
Ethics and
Sustainability
Committee 99.02% 0.98% 113 298 668 70.68% 0.96%
Ordinary
resolution
number 14: To
re-appoint
Pricewaterhouse
Coopers Inc.
as auditor 100% 0.00% 113 514 382 70.81% 0.82%
Ordinary
resolution
number 15:
Non-binding
endorsement of
Afrimat's
remuneration
policy 92.84% 7.16% 113 515 262 70.82% 0.82%
Ordinary
resolution
number 16:
Non-binding
endorsement of
Afrimat's
implementation
report on
the
remuneration
policy 85.36% 14.64% 110 726 642 69.08% 2.56%
Ordinary
resolution
number 17: To
authorise the
directors or the
Company
Secretary to
sign
documentation 100% 0.00% 113 514 382 70.81% 0.82%
Ordinary
resolution
number 18:
General
authority to
issue ordinary
shares for cash 91.39% 8.61% 113 516 382 70.82% 0.82%
Special
resolution
number 1:
Remuneration
of the Chairman
of the Board 99.70% 0.30% 113 299 548 70.68% 0.96%
Special
resolution
number 2:
Remuneration
of the non-
executive
directors 99.58% 0.42% 113 515 262 70.82% 0.82%
Special
resolution
number 3:
Remuneration
of the Chairman
of the Audit &
Risk Committee 99.60% 0.40% 113 515 262 70.82% 0.82%
Special
resolution
number 4:
Remuneration
of the Audit &
Risk Committee
members 99.60% 0.40% 113 299 548 70.68% 0.96%
Special
resolution
number 5:
Remuneration
of the Chairman
of the
Remuneration
Committee 99.60% 0.40% 113 515 262 70.82% 0.82%
Special
resolution
number 6:
Remuneration
of the Chairman
of the
Nominations
Committee 99.60% 0.40% 113 299 548 70.68% 0.96%
Special
resolution
number 7:
Remuneration
of the
Remuneration &
Nominations
Committee
members 99.60% 0.40% 113 515 262 70.82% 0.82%
Special
resolution
number 8:
Remuneration
of the Chairman
of the Social,
Ethics &
Sustainability
Committee 99.60% 0.40% 113 515 262 70.82% 0.82%
Special
resolution
number 9:
Remuneration
of the Social,
Ethics &
Sustainability
Committee
members 99.60% 0.40% 113 299 548 70.68% 0.96%
Special
resolution
number 10:
Remuneration
of the Chairman
of the
Investment
Review
Committee 99.60% 0.40% 113 515 262 70.82% 0.82%
Special
resolution
number 11:
Remuneration
of the
Investment
Review
Committee
members 99.60% 0.40% 113 299 548 70.68% 0.96%
Special
resolution
number 12: Ad
hoc
remuneration of
non-executive
directors under
rare
circumstances 77.83% 22.17% 113 512 618 70.81% 0.82%
Special
resolution
number 13:
Financial
assistance for
the subscription
and/or purchase
of shares in the
Company or a
related or inter-
related
company 79.62% 20.38% 113 515 168 70.82% 0.82%
Special
resolution
number 14:
Share
repurchases by
the Company
and its
subsidiaries 98.98% 1.02% 113 517 575 70.82% 0.82%
Note:
1. Total number of shares in issue as at the date of the AGM was 160 297 456.
2. No resolutions were added or amended at the AGM.
Cape Town
23 July 2025
Sponsor
Valeo Capital (Pty) Ltd
Date: 23-07-2025 05:15:00
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. |
|
