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ARDEN CAPITAL LIMITED - Results of the Annual General Meeting

Release Date: 01/07/2020 10:46
Code(s): ACZ     PDF:  
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Results of the Annual General Meeting

Arden Capital Limited
(formerly Brainworks Limited)
(Incorporated in the Republic of Mauritius)
(Registration number: 115883 C1/GBL)
Share Code: ACZ
ISIN: MU0548S00026
(“Arden Capital” or “the Company”)

RESULTS OF THE ANNUAL GENERAL MEETING

Shareholders are advised that the following ordinary and special resolutions were approved by the requisite majority of votes, by
ordinary shareholders, at the Company’s Annual General Meeting (“AGM”) held on 30 June 2020.

The total number of Arden Capital ordinary shares in issue is 117 266 523 shares of which 113 413 578 shares were voted at the
AGM, representing 96.71% of the total issued ordinary shares.

  Resolutions                                                                             Shares voted                     Votes
                                                                                                                       in favour
                                                                                     Number               % (1)             % (2)
  Ordinary resolution number 1
  Adoption of the annual financial statements and reports for the year           113 413 334            96.71%             100%
  ended 31 December 2019.

  Ordinary resolution number 2
  Re-appointment of PricewaterhouseCoopers Mauritius and                         113 413 334            96.71%           99.52%
  PricewaterhouseCoopers Chartered Accountants Zimbabwe, as
  independent auditors with the designated auditor being Mr. Clive
  Mukondiwa.

  Appointment of directors
  Ordinary resolution 3.1
  Ratification of the appointment of Mrs. ZM Madarun as an                       113 413 578            96.71%             100%
  independent non-executive director.

  Ordinary resolution 3.2
  Ratification of the appointment of Mrs. SM Ramphul as an                       113 413 578            96.71%             100%
  independent non-executive director.

  Re-election of directors:
  Ordinary resolution number 3.3
  Re-election of Mrs. ZM Madarun as an independent non-executive                 113 413 578            96.71%             100%
  director.

  Ordinary resolution number 3.4
  Re-election of Mrs. SM Ramphul as an independent non-executive                 113 413 578            96.71%             100%
  director.

  Ordinary resolution number 3.5
  Re-election of Mr. GSJ Bennett as an independent non-executive                 113 413 334            96.71%             100%
  director.

  Appointment of members of the Audit and Risk Committee:
  Ordinary resolution number 4.1
  Appointment of Mrs. C Mtasa as a member and Chairperson of the                 113 413 578            96.71%             100%
  Audit and Risk Committee.

  Ordinary resolution number 4.2
  Appointment of Mr. GSJ Bennett as a member of the Audit and Risk               113 413 334            96.71%             100%
  Committee.

  Ordinary resolution number 4.3
  Appointment of Mrs. ZM Madarun as a member of the Audit and                    113 413 578            96.71%             100%
  Risk Committee.

  Ordinary resolution number 5
  General authority to issue shares for cash.                                    113 413 578            96.71%             100%

  Ordinary resolution number 6
  Directors’ authorising resolution.                                             113 413 578            96.71%             100%

  Non-binding advisory endorsements:
  Advisory endorsement number 1
  In respect of the Company’s remuneration policy.                               113 413 578            96.71%             100%

  Advisory endorsement number 2
  In respect of the Company’s implementation report.                             113 413 578            96.71%             100%

  Special resolution number 1
  Approval of the non-executive directors’ fees.                                 113 413 578            96.71%             100%

Notes:
1. As a percentage of total ordinary shares in issue.
2. As a percentage of shares voted.
3. Of the votable shares, 542 433 shares voted against ordinary resolution number 2. The “voted for” percentage in
    respect of this resolution has therefore been rounded up.
4. There were abstentions of less than 1% in respect of ordinary resolutions numbers 1,2, 3.5 and 4.2.

Grand Baie, Mauritius
1 July 2020

Sponsor
Questco Corporate Advisory Proprietary Limited

Date: 01-07-2020 10:46:00
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