RESULTS OF THE 2017 ANNUAL GENERAL MEETING
ADvTECH Limited
(Incorporated in the Republic of South Africa)
(Registration number 1990/001119/06)
Share code: ADH ISIN: ZAE000031035
("ADvTECH" or "the Company" or "the Group")
RESULTS OF THE 2017 ANNUAL GENERAL MEETING
ADvTECH shareholders are advised that at the annual general meeting ("AGM") of shareholders held on Wednesday, 31 May 2017, all the ordinary and special resolutions as set out in the notice of AGM, were approved by the requisite majority of shareholders present or represented by proxy.
The meeting was well attended by 326 263 133 ADvTECH shares, representing 59.93% of the total ordinary issued share capital of ADvTECH, voting in person or by proxy.
The resolutions proposed at the AGM, together with the percentage of shares abstained (as a percentage of total issued share capital of the Company), as well as the percentage of votes carried for and against each resolution (as a percentage of shares voted), are as follows:
1. Ordinary resolution number 1: Adoption of the annual financial statements
2. Ordinary resolution number 2: Confirmation of appointment of Dr JM Hofmeyr as a non-executive director
3. Ordinary resolution number 3: Confirmation of appointment of Dr JS Chimhanzi as a non-executive director
4. Ordinary resolution number 4: Re-election of Mr CH Boulle as a non-executive director
5. Ordinary resolution number 5: Re-election of Prof BM Gourley as a non-executive director
6. Ordinary resolution number 6: Re-election of Mr CH Boulle as a member of the audit committee
7. Ordinary resolution number 7: Re-election of Prof BM Gourley as a member of the audit committee
8. Ordinary resolution number 8: Re-election of Mr KDM Warburton as a member and chairman of the audit committee
9. Ordinary resolution number 9: Election of Dr JS Chimhanzi as a member of the audit committee
10. Ordinary resolution number 10: Approval of appointment of external auditors
11. Non-binding advisory vote – Remuneration policy
12. Special resolution number 1: Approval of fees paid to non-executive directors
13. Special resolution number 2: Authority to make loans or give financial assistance to subsidiaries and related or inter-related companies
14. Special resolution number 3: General authority for the acquisition of shares issued by the Company
15. Special resolution number 4: Approval of the Company management share incentive plan ("MSI")
16. Special resolution number 5: Authority to phase out existing share incentive scheme
17. Special resolution number 6: Authority to allocate unallocated, relinquished and lapsed option shares under the existing share incentive scheme for utilisation under the MSI
18. Special resolution number 7: Authority to amend the deed of trust in order to allow the trust to utilise/sell/transfer (i) the unallocated shares; (ii) relinquished shares; and (iii) lapsed options shares for the purpose and benefit of the MSI
19. Special resolution number 8: General authority to place 5% of the ordinary shares under the control of the directors for the purposes of the MSI
20. Special resolution number 9: General authority for any one director or the company secretary to give effect to special resolutions 4, 5, 6 and 7
31 May 2017
Johannesburg
Sponsor: Bridge Capital Advisors Proprietary Limited