| Wed 16 Nov 2022, 15:25 | | AFRICAN RAINBOW CAPITAL INVESTMENTS LIMITED - Report on proceedings at the annual general meeting |
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Report on proceedings at the annual general meeting
African Rainbow Capital Investments Limited
(Incorporated in the Republic of Mauritius
(Registration number C148430)
Share code: AIL
ISIN: MU0553S00000
("ARC Investments" or “the Company”)
REPORT ON PROCEEDINGS AT THE ANNUAL GENERAL MEETING
At the fifth (5th) Annual General Meeting (“AGM”) of the shareholders of ARC Investments held on Tuesday 15 November 2022, all the ordinary resolutions and two
special resolutions proposed at the meeting were approved by the requisite majority of votes. In this regard, the Company confirms the voting statistics from the AGM as
follows:
Number of votes (one vote per one A ordinary share)
Resolutions Votes cast disclosed as a Number of shares Shares voted Shares abstained
percentage in relation to the total voted disclosed as a disclosed as a
number of shares voted at the percentage in percentage in
meeting relation to the relation to the total
total issued issued shares*
shares*
For Against
Ordinary resolution 1
Consideration and approval of the 99.67% 0.33% 1,196,238,230 90.78% 0.02%
Audited Annual Financial Statements
for the year ended 30th June 2022
Ordinary resolution 2
Election and re-election of Directors
2.1 Election and re-election of Dr 99.66% 0.34% 1,196,248,230 90.78% 0.02%
Renosi Mokate as a Director
2.2 Election and re-election of Ms 99.66% 0.34% 1,196,320,106 90.78% 0.01%
Refiloe Nkadimeng as a Director
Ordinary Resolution 3
Election of members of the Audit
Committee
3.1 Election of Dr R Mokate as a 99.62% 0.38% 1,196,248,230 90.78% 0.02%
member of the Audit Committee
3.2 Election of Ms Refiloe Nkadimeng
as a member of the Audit Committee** VOTES RECEIVED FOR THIS RESOLUTION WITHHELD**
Ordinary Resolution 4
Re-appointment of auditors
4.1 Re-appointment of 99.67% 0.33% 1,196,2691,730 90.78% 0.02%
PricewaterhouseCoopers Inc. as an
auditor of the Company in South Africa
and the appointment of Mr John Li How
Cheong as the individual registered
auditor
4.2 Re-appointment of 99.67% 0.33% 1,196,248,230 90.78% 0.02%
PricewaterhouseCoopers as an auditor
of the Company in Mauritius and the
appointment of Mr John Li How Cheong
as the individual registered auditor
Ordinary Resolution 5
General authority for directors to allot 99.60% 0.40% 1,196,120,002 90.77% 0.03%
and issue A-ordinary shares for cash
Ordinary Resolution 6
Non-binding advisory vote on the 99.51% 0.49% 1,196,116,759 90.77% 0.03%
Company’s remuneration policy
Ordinary Resolution 7
Non-binding advisory vote on the 99.51% 0.49% 1,196,116,759 90.77% 0.03%
Company’s remuneration
implementation report
Ordinary Resolution 8
Approval of remuneration payable to 99.66% 0.34% 1,196,236,445 90.78% 0.02%
non-executive directors
Special Resolution 1
Repurchase of Company’s shares 99.47% 0.53% 1,196,269,730 90.78% 0.02%
Special Resolution 2
Authorise director to act on behalf of 99.67% 0.33% 1,196,248,230 90.78% 0.02%
company
*Total issued shares is 1,317,774,987 A ordinary shares.
** The appointment of Ms Refiloe Nkadimeng was inadvertently included as a resolution under ordinary resolution 3.2.
Ebene, Mauritius (with simultaneous circulation in Johannesburg)
16 November 2022
For further information please contact:
Company Secretary
Intercontinental Trust Limited
Tel: +230 430 0800
JSE Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Tel: +27 11 282 8231
Date: 16-11-2022 03:25:00
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