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Results Of The Annual General Meeting
AYO TECHNOLOGY SOLUTIONS LIMITED
(Previously Sekunjalo Technology Solutions
Limited)
(Incorporated in the Republic of South Africa)
Registration number: 1996/014461/06
JSE share code: AYO
ISIN ZAE000252441
(“AYO Technology” or the “Company”)
RESULTS OF THE ANNUAL GENERAL MEETING
Shareholders are hereby advised that at the annual general meeting of the Company held at
10h00 on, Monday, 18 June 2018 at AYO Technology’s Head Office at Quay 7, East Pier,
Breakwater Boulevard, Victoria & Alfred Waterfront (“AGM”), the majority of ordinary
resolutions and all of the special resolutions were passed by the requisite majority of the
Company’s shareholders.
Shareholders are hereby advised that ordinary resolution number 17 was not passed as it
did not obtain the 75% shareholder approval as required.
Details of the results of the voting at the AGM are as follows:
Votes
against
resolution
Votes for as a Number of Number of
resolution as percentage shares shares
a percentage of total voted at abstained
of total number of Number of AGM as a as a
number of shares shares percentage percentage
Resolutions proposed shares voted voted at voted at of shares in of shares in
at the AGM at AGM AGM AGM issue issue
Ordinary resolution
number 1:
To re-elect the following
Director who retires by
rotation:
Mr S Young 100% -% 180 634 716 52.5% 29.05%
Ordinary resolution
number 2:
To re-elect the following
Director who retires by
rotation:
Mr KAW Hardy 100% -% 280 610 130 81.54% 0%
Ordinary resolution
number 3:
To re-elect the following
Director who retires by
rotation:
Ms N Gamieldien 100% -% 280 610 130 81.54% 0%
Ordinary resolution
number 4:
To re-elect the following
Director who retires by
rotation:
Mr S Nodwele 100% -% 280 610 130 81.54% 0%
Ordinary resolution
number 5:
To re-elect the following
Director who retires by
rotation:
Mr WG Madzonga 100% -% 180 634 716 52.5% 29.05%
Ordinary resolution
number 6:
To re-elect the following
Director who retires by
rotation:
Mr K Abdulla 100% -% 180 634 716 52.5% 29.05%
Ordinary resolution
number 7:
To re-elect the following
Director who retires by
rotation:
Miss CF Hendricks 100% -% 180 634 716 52.5% 29.05%
Ordinary resolution
number 8:
To re-elect the following
Director who retires by
rotation:
Mrs AB Amod 100% -% 180 634 716 52.5% 29.05%
Ordinary resolution
number 9:
To re-elect the following
Director who retires by
rotation:
Mr TM Ntsasa 100% -% 180 634 716 52.5% 29.05%
Ordinary resolution
number 10:
To re-elect the following
Director who retires by
rotation:
Ms MF Khoza 100% -% 180 634 716 52.5% 29.05%
Ordinary resolution
number 11:
To re-elect the following
Director who retires by
rotation:
Advocate NA Ramatlhodi 100% -% 180 634 716 52.5% 29.05%
Ordinary resolution
number 12 100% -0% 180 634 716 52.5% 29.05%
To re-appoint the
following member of the
audit and risk committee:
Ms MF Khoza
Ordinary resolution
number 13
To re-appoint the
following member of the
audit and risk committee:
Advocate NA Ramatlhodi 100% -% 180 634 716 52.5% 29.05%
Ordinary resolution
number 14
To re-appoint the
following member of the
audit and risk committee:
Mr TM Ntsasa 100% -% 180 634 716 52.5% 29.05%
Ordinary resolution
number 15:
To Reappoint BDO as the
independent auditor of
the Company for the
ensuing year 100% -% 280 610 130 81.54% 0%
Ordinary resolution
number 16:
Control of authorised but
unissued shares 64.37% 35.63% 280 610 085 81.54% 0%
Ordinary resolution
number 17:
Approval to issue
ordinary shares and/or
options for cash 64.37% 35.63% 280 610 130 81.54% 0%
Ordinary resolution
number 18:
Non-binding
endorsement of the
remuneration policy of
the Company 64.37% 35.63% 280 610 085 81.54% 0%
Ordinary resolution
number 19:
Non-binding advisory
vote on the
implementation of the
remuneration policy of
the Company 64.37% 35.63% 280 610 085 81.54% 0%
Special resolution
number 1:
To approve the
remuneration of non-
executive directors 100% -% 280 610 085 81.54% 0%
Special resolution
number 2: 100% -% 280 610 085 81.54% 0%
To approve inter-
Company financial
assistance
Special resolution
number 3:
To approve financial
assistance for the
subscription and/or the
acquisition of shares in
the Company or in a
related or inter-related
company 100% -% 280 610 085 81.54% 0%
Special resolution
number 4:
Approval for the
Company or its
subsidiaries to
repurchase Company
shares 100% -% 280 610 085 81.54% 0%
Shareholders are further advised that, as ordinary resolution number 18, relating to the non-
binding advisory vote on the remuneration policy of the Company and ordinary resolution
number 19 relating to the non-binding advisory vote on the implementation of the remuneration
policy, were voted against by 25% or more of the votes exercised by the Company’s
shareholders present in person or represented by proxy at the AGM, an invitation will be
extended to such dissenting shareholders to engage with the Company. The manner and
timing of such engagement has not as yet been finalised and the Company will issue a further
announcement shortly setting out such details.
Cape Town
19 June 2018
Sponsor
PSG Capital
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