RESULTS OF THE 2018 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 2018 ANNUAL GENERAL MEETING
ADvTECH shareholders are advised that at the annual general meeting (“AGM”) of shareholders held
on Thursday, 31 May 2018, 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 388 542 257 ADvTECH shares, representing 71.37% 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: Election of Mr J Zimmermann as a non-executive director
3. Ordinary resolution number 3: Re-election of Professor JD Jansen as a non-executive director
4. Ordinary resolution number 4: Re-election of Mr SC Masie as a non-executive director
5. Ordinary resolution number 5: Re-election of Professor SA Zinn as a non-executive director
6. Ordinary resolution number 6: Re-election of Professor BM Gourley as a member of the audit committee
7. Ordinary resolution number 7: Re-election of Mr KDM Warburton as a member of the audit committee
8. Ordinary resolution number 8: Re-election of Dr JS Chimhanzi as a member of the audit committee
9. Ordinary resolution number 9: Appointment of external auditors
The results relating to the Ordinary resolution number 9 to appoint the external auditors have been
noted. Shareholders who have voted against the appointment of Deloitte & Touche as external auditors
of the Company are invited to forward their concerns to Donna Dickson at ddickson@advtech.co.za.
The Company will engage with shareholders to address these concerns which will be taken into consideration when appointing the auditors ahead of the next AGM.
10. Ordinary resolution number 10: Issuing shares for cash
11. Non-binding advisory vote – Remuneration policy
12. Special resolution number 1: Approval of non-executive directors’ fees
13. Special resolution number 2: Authority to make payment for the shortfall in non-executive director fees
14. Special resolution number 3: Authority to make loans or give financial assistance to subsidiaries and related or inter-related companies
15. Special resolution number 4: General authority for the acquisition of shares issued by the company
As a result of more than 25% of the votes exercised against the non-binding advisory resolution, in terms
of the recommendations of the King IV Report on Corporate Governance for South Africa, 2016 and
paragraph 3.84(k) of the JSE Listings Requirements, shareholders are invited to engage with the
Company as follows:
- to forward concerns or recommendations on the remuneration policy to Donna Dickson in writing at ddickson@advtech.co.za by the close of business on 14 June 2018;
- to further participate in scheduled meetings, which will be arranged by the Company once concerns/recommendations have been received, in order for shareholders to engage with the Company on the remuneration policy
The voting results and the nature and steps taken to address the objections raised by shareholders on
the remuneration policy will further be disclosed in the next annual integrated report.
The Board believes that the remuneration policy is essential as the Group seeks to entrench a culture
of high performance by aligning the remuneration philosophy with the business objectives, values and
strategy.
31 May 2018
Johannesburg
Sponsor: Bridge Capital Advisors Proprietary Limited