SENS Announcement | 28 May 2025
ADvTECH Limited
(Incorporated in the Republic of South Africa)
(Registration number 1990/001119/06)
Share code: ADH ISIN: ZAE000031035
(“ADvTECH” or “the Company”)
RESULTS OF THE ANNUAL GENERAL MEETING
In terms of section 3.95 of the JSE Listings Requirements, shareholders are hereby advised that at the Annual General Meeting (“AGM”) of shareholders of the Company held today, Wednesday 28 May 2025 all the proposed ordinary and special resolutions, as set out in the Notice of Annual General Meeting, were approved by the requisite majority of shareholders present or represented by proxy.
Details of the results of voting at the annual general meeting are as follows:
Ordinary shares: | |
---|---|
Total number of issued ordinary shares: | 554 456 252 |
Total number of issued ordinary shares net of treasury shares: | 6 372 333 |
Total Votable Ordinary Shares | 548 083 919 |
The meeting was attended by shareholders representing 392 328 450 ADvTECH shares which amounted to 70.76% 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 annual financial statements
FOR | AGAINST | ABSTAIN |
---|---|---|
392 041 117 | 0 | 287 333 |
100% | 0.00% | 0.05% |
2. Ordinary resolution number 2: Confirmation of appointment of JW Boonzaaier
FOR | AGAINST | ABSTAIN |
---|---|---|
391 680 143 | 0 | 648 307 |
100% | 0.00% | 0.12% |
3. Ordinary resolution number 3: Confirmation of appointment DL Smith
FOR | AGAINST | ABSTAIN |
---|---|---|
389 253 825 | 2 787 292 | 287 333 |
99.29% | 0.71% | 0.05% |
4. Ordinary resolution number 4: Confirmation of appointment H Christopher
FOR | AGAINST | ABSTAIN |
---|---|---|
392 041 117 | 0 | 287 333 |
100% | 0.00% | 0.05% |
5. Ordinary resolution number 5: Confirmation of appointment JA Boggenpoel
FOR | AGAINST | ABSTAIN |
---|---|---|
392 041 117 | 0 | 287 333 |
100% | 0.00% | 0.05% |
6. Ordinary resolution number 6: Re-election of KDM Warburton
FOR | AGAINST | ABSTAIN |
---|---|---|
294 422 764 | 97 618 353 | 287 333 |
75.10% | 24.90% | 0.05% |
7. Ordinary resolution number 7: Re-election of JS Chimhanzi
FOR | AGAINST | ABSTAIN |
---|---|---|
389 326 005 | 2 715 112 | 287 333 |
99.31% | 0.69% | 0.05% |
8. Ordinary resolution number 8: Re-election of SW van Graan
FOR | AGAINST | ABSTAIN |
---|---|---|
392 041 117 | 0 | 287 333 |
100% | 0.00% | 0.05% |
9. Ordinary resolution number 9: Re-election of A Watson
FOR | AGAINST | ABSTAIN |
---|---|---|
392 041 117 | 0 | 287 333 |
100% | 0.00% | 0.05% |
10. Ordinary resolution number 10: Re-election of KDM Warburton as member and chairperson of the Audit and risk committee
FOR | AGAINST | ABSTAIN |
---|---|---|
385 175 612 | 6 865 505 | 287 333 |
98.25% | 1.75% | 0.05% |
11. Ordinary resolution number 11: Re-election of JS Chimhanzi as member of the Audit and risk committee
FOR | AGAINST | ABSTAIN |
---|---|---|
389 326 005 | 2 715 112 | 287 333 |
99.31% | 0.69% | 0.05% |
12. Ordinary resolution number 12: Election of H Christophers as a member of the Audit and risk committee
FOR | AGAINST | ABSTAIN |
---|---|---|
392 041 117 | 0 | 287 333 |
100% | 0.00% | 0.05% |
13. Ordinary resolution number 13: Election of JA Boggenpoel as member of Audit and risk committee
FOR | AGAINST | ABSTAIN |
---|---|---|
392 041 117 | 0 | 287 333 |
100% | 0.00% | 0.05% |
14. Ordinary resolution number 14: Election of JS Chimhanzi as a member and chairperson of the TSEC committee
FOR | AGAINST | ABSTAIN |
---|---|---|
389 326 005 | 2 715 112 | 287 333 |
99.31% | 0.69% | 0.05% |
15. Ordinary resolution number 15: Election of A Watson as a member of the TSEC committee
FOR | AGAINST | ABSTAIN |
---|---|---|
392 041 117 | 0 | 287 333 |
100% | 0.00% | 0.05% |
16. Ordinary resolution number 16: Election of SW van Graan as a member of the TSEC committee
FOR | AGAINST | ABSTAIN |
---|---|---|
392 041 117 | 0 | 287 333 |
100% | 0.00% | 0.05% |
17. Ordinary resolution number 17: Election of GD Whyte as a member of the TSEC committee
FOR | AGAINST | ABSTAIN |
---|---|---|
392 041 117 | 0 | 287 333 |
100% | 0.00% | 0.05% |
18. Ordinary resolution number 18: Appointment of external auditors
FOR | AGAINST | ABSTAIN |
---|---|---|
392 041 117 | 0 | 287 333 |
100% | 0.00% | 0.05% |
19. Ordinary resolution number 19: Signature of documents
FOR | AGAINST | ABSTAIN |
---|---|---|
392 041 117 | 0 | 287 333 |
100% | 0.00% | 0.05% |
20. Non-binding advisory vote number 1 – Remuneration policy
FOR | AGAINST | ABSTAIN |
---|---|---|
388 538 630 | 3 495 144 | 294 676 |
99.11% | 0.89% | 0.05% |
21. Non-binding advisory vote number 2 – Implementation report
FOR | AGAINST | ABSTAIN |
---|---|---|
390 041 194 | 1 992 580 | 294 676 |
99.49% | 0.51% | 0.05% |
22. Special resolution number 1: Approval of non-executive directors’ fees
FOR | AGAINST | ABSTAIN |
---|---|---|
391 013 365 | 1 027 752 | 287 333 |
99.74% | 0.26% | 0.05% |
23. Special resolution number 2: Authority to give loans or financial assistance to foreign subsidiaries and related or inter-related companies to the
extent required by the Companies Act
FOR | AGAINST | ABSTAIN |
---|---|---|
391 377 052 | 664 065 | 287 333 |
99.83% | 0.17% | 0.05% |
24. Special resolution number 3: General authority to acquire the company’s own shares
FOR | AGAINST | ABSTAIN |
---|---|---|
392 041 117 | 0 | 287 333 |
100% | 0.00% | 0.05% |
In a business update to shareholders at the AGM the Group CEO, Geoff Whyte, indicated that enrolments for Schools and Tertiary were up by 11% and 14% respectively, compared to prior year, and as reported in our year end results.
The integration of the acquired Flipper International Schools in Ethiopia is progressing well. This sets the Group up for another solid performance in the current financial year.
There have been no material changes since the publishing of our enrolment numbers and the business continues to trade in line with expectations.
28 May 2025
Sandton
Sponsor: Bridge Capital Advisors Proprietary Limited
ADvTECH Updates









