AH-VEST LIMITED - Results of Extraordinary General Meeting and Change to the Board

Results of Extraordinary General Meeting and Change to the Board

AH-VEST LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1989/000100/06)
Share code: AHL      ISIN code: ZAE000129177
(“AH-Vest” or “the Company”)


RESULTS OF EXTRAORDINARY GENERAL MEETING AND CHANGE TO THE BOARD


Shareholders are referred to the announcements released on SENS on 30 December 2020 and
4 January 2021 respectively in which they were advised that AH-Vest had received valid demands
from Eastern Trading Co (Pty) Ltd, a major shareholder of the Company and Mr Ismail Darsot, in
terms of clauses 20.1 and 20.1.5 of the Company’s memorandum of incorporation read with
section 61(3) of the Companies Act, 71 of 2008, to call an extraordinary general meeting of
shareholders (“EGM”) for purposes of considering and, if deemed fit, approving the removal of Mr
Maslamony Pather as a director of AH-Vest and that a notice convening an EGM for the purposes
of considering and, if deemed fit, passing, with or without modification, the resolutions contained in
such notice had been distributed to shareholders together with the Company’s Integrated Annual
Report.

Shareholders are advised that at the EGM held on 27 January 2021, the ordinary resolutions
proposed at the EGM were approved by the requisite majority of votes.

The following information is provided:

Number of ordinary shares represented at the meeting                                        97 781 680
Total issued number of ordinary shares                                                     101 973 333

Percentage of ordinary shares represented at the meeting                                        95.89%


The resolutions proposed at the extraordinary general meeting, together with the percentage of
votes carried for and against each resolution, are set out below:

                                       Votes cast
                                     disclosed as a                                             Shares
                                   percentage of the                    Shares voted         abstained
                                    total number of                     disclosed as      disclosed as
                                  shares voted at the     Number of     a percentage      a percentage
                                        meeting              Shares     of the total      of the total
Resolution                            For     Against         Voted    issued shares     issued shares

Ordinary Resolution Number 1:
Removal of Mr Maslamony
Pather as a Director of the
company                           100.00%       0.00%    97 580 988           95.69%             0.20%

Ordinary Resolution Number 2:
Authority granted to a Director
and/or the Company
Secretary to sign all such
documents as may be
necessary to implement
Ordinary Resolution Number 1      100.00%       0.00%    97 580 988           95.69%             0.20%

Following the approval of Ordinary Resolution Number 1 and in accordance with section 3.59(b) of
the JSE Listings Requirements, shareholders are advised that Mr Maslamony Pather has been
removed as a director on the AH-Vest Board with effect from 27 January 2021.

By order of the board.

Johannesburg
28 January 2021

Designated Advisor
AcaciaCap Advisors Proprietary Limited

Date: 28-01-2021 05:15:00
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