ADvTECH Limited
(Incorporated in the Republic of South Africa)
(Registration number 1990/001119/06)
Share code: ADH ISIN: ZAE000031035
(“ADvTECH” or “the Company”)
In terms of section 3.91 of the JSE Listings Requirements, shareholders are hereby advised that at the annual general meeting (“AGM”) of shareholders of the Company held today, Thursday 26 May 2022, all the proposed ordinary and special resolutions, as set out in the notice of annual general meeting contained in the Integrated Annual Report, save for the withdrawal of ordinary resolutions 5 and 8, 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: | 554 459 991 |
Total number of issued ordinary shares net of treasury shares: | 554 459 991 |
Total Votable Ordinary Shares | 554 459 991 |
The meeting was attended by shareholders representing 448 705 218 ADvTECH shares which amounted to 80.93% 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
FOR | AGAINST | ABSTAIN |
---|---|---|
448 267 511 | 1 221 | 436 486 |
100% | 0.00% | 0.08% |
2. Ordinary resolution number 2: Confirmation of appointment of Ms SS Lazar
FOR | AGAINST | ABSTAIN |
---|---|---|
448 306 961 | 4 129 | 394 128 |
100% | 0.00% | 0.07% |
3. Ordinary resolution number 3: Re-election of Mr KDM Warburton
FOR | AGAINST | ABSTAIN |
---|---|---|
447 728 476 | 582 614 | 394 128 |
99.87% | 0.13% | 0.07% |
4. Ordinary resolution number 4: Re-election of Dr JS Chimhanzi
FOR | AGAINST | ABSTAIN |
---|---|---|
445 951 172 | 2 359 918 | 394 128 |
99.47% | 0.53% | 0.07% |
5. Ordinary resolution number 5: Resolution withdrawn
6. Ordinary resolution number 6: Election of Mr KDM Warburton as member and chairman of the Audit and Risk Committee
FOR | AGAINST | ABSTAIN |
---|---|---|
445 395 287 | 2 915 803 | 394 128 |
99.35% | 0.65% | 0.07% |
7. Ordinary resolution number 7: Election of Dr JS Chimhanzi as member of the Audit and Risk Committee
FOR | AGAINST | ABSTAIN |
---|---|---|
435 726 428 | 12 584 662 | 394 128 |
97.19% | 2.81% | 0.07% |
8. Ordinary resolution number 8: Resolution withdrawn
9. Ordinary resolution number 9: Election of Mr CB Thomson as member of the Audit and Risk Committee
FOR | AGAINST | ABSTAIN |
---|---|---|
447 739 276 | 571 814 | 394 128 |
99.87% | 0.13% | 0.07% |
10. Ordinary resolution number 10: Appointment of external auditors
FOR | AGAINST | ABSTAIN |
---|---|---|
448 313 391 | 4 129 | 387 698 |
100% | 0.00% | 0.07% |
11. Ordinary resolution number 11: General authority to issue shares for cash
FOR | AGAINST | ABSTAIN |
---|---|---|
415 353 843 | 32 972 477 | 378 898 |
92.65% | 7.35% | 0.07% |
12. Ordinary resolution number 12: Signature of documents
FOR | AGAINST | ABSTAIN |
---|---|---|
448 336 079 | 1 221 | 367 918 |
100% | 0.00% | 0.07% |
13. Non-binding advisory vote number 1 – Remuneration policy
FOR | AGAINST | ABSTAIN |
---|---|---|
364 501 736 | 83 835 564 | 367 918 |
81.30% | 18.70% | 0.07% |
14. Non-binding advisory vote number 2 – Implementation report
FOR | AGAINST | ABSTAIN |
---|---|---|
364 515 636 | 83 810 664 | 378 918 |
81.31% | 18.69% | 0.07% |
15. Special resolution number 1: Approval of non-executive directors’ fees
FOR | AGAINST | ABSTAIN |
---|---|---|
443 140 869 | 5 196 431 | 367 918 |
98.84% | 1.16% | 0.07% |
16. Special resolution number 2: Authority to give loans or financial assistance to subsidiaries and related or inter-related companies
FOR | AGAINST | ABSTAIN |
---|---|---|
448 307 839 | 22 112 | 375 267 |
100% | 0.0% | 0.07% |
17. Special resolution number 3: General authority to acquire the company’s own shares
FOR | AGAINST | ABSTAIN |
---|---|---|
429 509 232 | 18 820 719 | 375 267 |
95.80% | 4.20% | 0.07% |
Various questions were raised during the meeting pertaining to the performance of the business to which Management reported that the business is performing well and in line with expectations.
26 May 2022
Sandton
Sponsor: Bridge Capital Advisors Proprietary Limited