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Results of Extraordinary General Meeting
AVENG LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1944/018119/06)
ISIN: ZAE000111829
SHARE CODE: AEG
("Aveng" or "the Group")
RESULTS OF EXTRAORDINARY GENERAL MEETING
Shareholders are advised that at the extraordinary general meeting held on Wednesday, 20
January 2021, the requisite majority of shareholders approved all the ordinary and special
resolutions. There were 19,394,498,220 ordinary shares in issue as at the date of the
extraordinary general meeting. The total number of shares present/represented, including
proxies, at the meeting was 11,603,681,087, being 60% of the shares in issue.
Special Resolution Number 1: Amendment of MOI to create new class of securities
1
For Against Abstain Shares voted
11,354,134,787 55,822,630 93,231,170 11,409,957,417
99.51% 0.49% 0.48% 58.83%
Special Resolution Number 2: Approval of conversion option
2
For Against Abstain Shares voted
11,340,255,586 177,661,168 85,764,333 11,517,916,754
98.46% 1.54% 0.44% 59.39%
Special Resolution Number 3: Authorising the rights offer in terms of section 41(3) of the
Companies Act, 2008 and placing of the rights offer shares (in the authorised but unissued share
3
capital of Aveng) under the control of the Board
For Against Abstain Shares voted
11,329,363,827 194,258,724 80,058,536 11,523,622,551
98.31% 1.69% 0.41% 59.42%
Special Resolution Number 4: Approval of MIP 2021
4
For Against Abstain Shares voted
11,193,253,627 184,969,779 225,386,873 11,378,223,406
98.37% 1.63% 1.16% 58.67%
Ordinary Resolution Number 1: Further Specific Issue to the Highbridge Funds and the Whitebox
5 Funds
For Against Abstain Shares voted
5,209,113,003 278,752,017 91,111,060 5,487,865,020
94.92% 5.08% 0.68% 41.05%
6
Ordinary Resolution Number 1.A: Further Specific Issue to the Highbridge Funds
For Against Abstain Shares voted
7,535,061,026 278,752,017 91,111,060 7,813,813,043
96.43% 3.57% 0.58% 49.78%
Ordinary Resolution Number 1.B: Further Specific Issue to the Whitebox Funds
7
For Against Abstain Shares voted
8,907,869,987 278,752,017 91,111,060 9,186,622,004
96.97% 3.03% 0.53% 53.82%
Ordinary Resolution Number 2: Approval of the Specific Issue to Lenders
8
For Against Abstain Shares voted
11,467,090,146 50,764,199 85,826,742 11,517,854,345
99.56% 0.44% 0.44% 59.39%
Ordinary Resolution Number 3: Approval of Specific Issue to Highbridge TCF under iNguza
9 redemption
For Against Abstain Shares voted
7,523,082,816 281,699,663 100,141,624 7,804,782,479
96.39% 3.61% 0.64% 49.73%
Ordinary Resolution Number 4: Related Party Transactions
10
For Against Abstain Shares voted
5,299,553,394 51,554,516 227,868,170 5,351,107,910
99.04% 0.96% 1.70% 40.02%
Ordinary Resolution Number 4.A: Related Party Transactions - Highbridge Funds
11
For Against Abstain Shares voted
7,625,501,417 51,554,516 227,868,170 7,677,055,933
99.33% 0.67% 1.45% 48.91%
Ordinary Resolution Number 4.B: Related Party Transactions - Whitebox Funds
12
For Against Abstain Shares voted
8,998,310,378 51,554,516 227,868,170 9,049,864,894
99.43% 0.57% 1.34% 53.02%
Ordinary Resolution Number 5: Approval of Specific Issue to iNguza Noteholders under iNguza
13 redemption
For Against Abstain Shares voted
11,459,591,299 56,312,164 87,777,624 11,515,903,463
99.51% 0.49% 0.45% 59.38%
Ordinary Resolution Number 6: Specific Issue to management under MIP 2021 and placing of Aveng
Ordinary Shares (in the authorised but unissued share capital of Aveng) under the control of the
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Board to be issued pursuant to the MIP 2021
For Against Abstain Shares voted
11,199,946,763 313,473,607 90,260,717 11,513,420,370
97.28% 2.72% 0.47% 59.36%
Ordinary Resolution Number 7: General
15
For Against Abstain Shares voted
9,951,658,536 51,113,368 1,451,320,183 10,002,771,904
99.49% 0.51% 7.48% 51.58%
- Disclosed as a percentage of the voteable shares.
- It should be noted that the Highbridge Funds were entitled to vote on the specific issue of shares to
the Whitebox Funds and vice versa.
- It should be noted that the Highbridge Funds were entitled to vote on the related party transaction
to which Whitebox Funds are party and not on those which Highbridge Funds are party and vice
versa.
21 January 2021
Melrose Arch
JSE Sponsor
UBS South Africa Proprietary Limited
Edinah Mandizha
Company Secretary
Tel: 011 779 2800
Email: info@avenggroup.com
Date: 21-01-2021 01:48:00
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