LABAT AFRICA LIMITED - Results of Annual General Meeting

Results of Annual General Meeting

LABAT AFRICA LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1986/001616/06)
(“Labat” or “the Company”)
ISIN Code: ZAE 000018354 Share code: LAB
LEI 9845000R73DF5EE41J88

RESULTS OF ANNUAL GENERAL MEETING (“AGM”)


Further to the announcement released on SENS on 21 February 2022, shareholders are advised that at the
AGM of Labat held on 10 May 2022, convened in terms of the notice of AGM contained in the Annual Report,
the voting information is as follows:

Number of ordinary shares represented at the meeting                                            200 784 918
Total issued number of ordinary shares                                                          550 489 994
Percentage of ordinary shares represented at the meeting                                             36.47%

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

                                                                         Number of votes
                                                           For                          Abstain      Total Votes
                                                                      Against      (% of issued       (excluding
                                                             %              %     share capital)     abstentions)

 Ordinary Resolution Number 1 –                    195 227 912         68 480         5 488 526      195 296 392
 Approval of Financial Statements                     (99.96%)        (0.04%)            (1.00%)         (35.48%)

 Ordinary Resolution Number 2 –                    198 188 902         68 480         2 527 536      198 257 382
 Director retirement and re-election –                (99.97%)        (0.03%)            (0.46%)         (36.01%)
 Ms BA Penny

 Ordinary Resolution Number 3 –                    198 188 902        139 480         2 456 536      198 328 382
 Re-election of a director who retires in terms       (99.93%)        (0.07%)            (0.45%)         (36.03%)
 of the Company’s policy non-executive
 director tenure – Ms RM Majiedt

 Ordinary Resolution Number 4 –                    198 119 902        208 480         2 456 536      198 328 382
 Re-appointment and remuneration of                   (99.89%)        (0.11%)            (0.45%)         (36.03%)
 auditors

 Ordinary Resolution Number 5 –                    198 048 902        208 480         2 527 536      198 257 382
 Appointment of Audit Committee member                (99.89%)        (0.11%)            (0.46%)         (36.01%)
 – Mr R Mohamed

 Ordinary Resolution Number 6 –                    198 048 902        208 480         2 527 536      198 257 382
 Appointment of Audit Committee member                (99.89%)        (0.11%)            (0.46%)         (36.01%)
 – Ms BA Penny
Ordinary resolution Number 7 -                     198 048 902       279 480          2 456 536      198 328 382
Re-appointment of Audit Committee                     (99.86%)       (0.14%)             (0.45%)         (36.03%)
member – Ms RM Majiedt

Ordinary Resolution Number 8 –                     197 906 902       286 480          2 591 536      198 193 382
Endorsement of Labat’s Remuneration                   (99.86%)       (0.14%)             (0.47%)         (36.00%)
Policy

Ordinary Resolution Number 9 –                    197 906 902       286 480           2 591 536      198 193 382
Endorsement of the implementation of                 (99.86%)       (0.14%)              (0.47%)         (36.00%)
Labat’s Remuneration Policy

Ordinary Resolution Number 10 –                   198 019 902       453 480           2 311 536      198 473 382
General authority to allot and issue shares          (99.77%)       (0.23%)              (0.42%)         (36.05%)
for cash

Special Resolution Number 1 – Authority to        197 035 402      1 298 980          2 450 536      198 334 382
issue shares that may exceed 30% of the              (99.35%)        (0.65%)             (0.45%)         (36.03%)
voting power of the current issued share
capital

Special Resolution Number 2 – Non-                197 763 402       329 980           2 691 536      198 093 382
Executive Directors’ Remuneration                    (99.83%)       (0.17%)              (0.49%)         (35.98%)

Special Resolution Number 3 – General             198 247 902       213 480           2 323 536      198 461 382
authority to enter into funding agreements,          (99.89%)       (0.11%)              (0.42%)         (36.05%)
provide loans or other financial assistance

Special Resolution Number 4 – General             198 404 402         68 980          2 311 536      198 473 382
authority to repurchase the Company’s                (99.97%)        (0.03%)             (0.42%)         (36.05%)
securities


BY ORDER OF THE BOARD

Johannesburg
11 May 2022

                                               Sponsor
                                   AcaciaCap Advisors Proprietary Limited

Date: 11-05-2022 02:20:00
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