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Results of the Annual General Meeting of Altron held on 31 July 2024
ALTRON LIMITED
(Registration number 1947/024583/06)
(Incorporated in the Republic of South Africa)
Share Code: AEL ISIN: ZAE000191342
("Altron" or "Company")
RESULTS OF THE ANNUAL GENERAL MEETING OF ALTRON HELD ON 31 JULY 2024
At the Annual General Meeting ("AGM" or "Meeting") of shareholders of Altron held today, Wednesday, 31 July 2024, all the ordinary
and special resolutions proposed at the Meeting were approved by the requisite majority of votes.
In this regard, Altron confirms the voting statistics from the AGM as follows:-
Number %
Total number of shares in issue (total issued share capital) 411 392 173 100%
Treasury shares (excluded from voting) on all resolutions 31 480 002 7.65%
Total number of shares that could be voted at the Meeting 379 912 171 92.35%
Total number of shares present/presented including proxies at the Meeting as a % of the
Votable Shares 344 418 544 90.66%
Total number of shares present/represented including proxies at the Meeting as a % of the
total issued share capital 344 418 544 83.72%
Total number of members present in person 22
Votes in Votes Shares
Favour in Against in Abstentions voted in
relation to relation to in relation relation to
the total the total to the total the total
number of number of issued issued
shares shares share share
Resolutions Proposed voted voted capital capital
Ordinary resolution number 1: 344 255
Election of Mr. Grigoris Kouteris as an Independent Non-Executive 344 255 482 - 13 062 482
Director 100% - 0.00% 83.68%
Ordinary resolution number 2.1: 344 255
Re-election of Mr. Stewart van Graan as a Non-Executive Director 344 163 463 92 019 13 062 482
of the Company 99.97% 0.03% 0.00% 83.68%
Ordinary resolution number 2.2: 344 255
Re-election of Ms. Alupheli Sithebe as a Non-Executive Director of 344 255 482 - 13 062 482
the Company 100% - 0.00% 83.68%
Ordinary resolution number 2.3: 344 255
Re-election of Ms. Sharoda Rapeti as a Non-Executive Director of 344 255 482 - 13 062 482
the Company 100% - 0.00% 83.68%
Ordinary resolution number 2.4: 344 255
Re-election of Mr. Robert Venter as a Non-Executive Director of 289 084 958 55 170 524 13 062 482
the Company 83.97% 16.03% 0.00% 83.68%
Ordinary resolution number 2.5: 344 255
Re-election of Mr. Grant Gelink as a Non-Executive Director of the 302 315 032 41 940 450 13 062 482
Company 87.82% 12.18% 0.00% 83.68%
Ordinary resolution number 3: 344 255
Re-appointment of PricewaterhouseCoopers as the Company's 344 209 552 45 930 13 062 482
auditors (with Mr Skalo Dikana as audit partner) 99.99% 0.01% 0.00% 83.68%
Ordinary resolution number 4.1: 344 255
Election of Mr. Grant Gelink as a member and Chairman of the 290 921 827 53 333 655 13 062 482
Altron Audit and Risk Committee 84.51% 15.49% 0.00% 83.68%
Ordinary resolution number 4.2: 344 255
Election of Ms. Alupheli Sithebe as a member of the Altron Audit 344 255 482 - 13 062 482
and Risk Committee. 100% - 0.00% 83.68%
Ordinary resolution number 4.3: 344 255
Election of Ms. Sharoda Rapeti as a member of the Altron Audit 334 279 780 9.975 702 13 062 482
and Risk Committee. 97.10% 2.90% 0.00% 83.68%
Ordinary resolution number 5: 344 255
Endorsement of the Altron Group Remuneration Policy 300 497 992 43 757 490 13 062 482
87.29% 12.71% 0.00% 83.68%
Ordinary resolution number 6: 344 255
Endorsement of the implementation of the Altron Group 316 773 986 27 481 496 13 062 482
Remuneration Policy 92.02% 7.98% 0.00% 83.68%
Ordinary resolution number 7: 344 255
General authority to Directors to allot and issue authorised, but 248 981 803 95 273 679 13 062 482
unissued A Ordinary shares 72.32% 27.68% 0.00% 83.68%
Ordinary resolution number 8: 344 255
Authority to implement resolutions passed at the AGM 344 255 482 - 13 062 482
100% - 0.00% 83.68%
Special resolution numbers 1.1 to 1.2:
Remuneration payable to Non-Executive Directors as set out
below
1.1: Remuneration of the Independent Non-Executive Board 344 255
Chairman 344 234 878 20 604 13 062 482
99.99% 0.01% 0.00% 83.68%
1.2: Remuneration of the Non-Executive Board Members 344 255
344 255 482 - 13 062 482
100% - 0.00% 83.68%
Special resolution numbers 2.1 to 2.10:
Remuneration payable to the Non-Executive Directors
participating in Statutory and Board committees as set out below:
2.1: Altron Audit and Risk Committee Chair 344 255
344 255 482 - 13 062 482
100% - 0.00% 83.68%
2.2: Altron Audit and Risk Committee Member 344 255
344 255 482 - 13 062 482
100% - 0.00% 83.68%
2.3: Altron Remuneration Committee Chair 344 255
344 255 482 - 13 062 482
100% - 0.00% 83.68%
2.4: Altron Remuneration Committee Member 344 255
344 255 482 - 13 062 482
100% - 0.00% 83.68%
2.5: Altron Social, Ethics and Sustainability Committee Chair 344 255
344 255 482 - 13 062 482
100% - 0.00% 83.68%
2.6: Altron Social, Ethics and Sustainability Committee Member 344 255
344 255 482 - 13 062 482
100% - 0.00% 83.68%
2.7: Altron Nomination Committee Chair 344 255
344 255 482 - 13 062 482
100% - 0.00% 83.68%
2.8: Altron Nomination Committee Member 344 255
344 255 482 - 13 062 482
100% - 0.00% 83.68%
2.9: Altron Investment Committee Chair 344 255
344 255 482 - 13 062 482
100% - 0.00% 83.68%
2.10: Altron Investment Committee Member 344 255
344 255 482 - 13 062 482
100% - 0.00% 83.68%
Special resolution number 3: 344 255
General authority to provide financial assistance to related or 343 426 032 829 450 13 062 482
inter-related companies 99.76% 0.24% 0.00% 83.68%
Sponsor
Investec Bank Limited
Date: 31-07-2024 03:40:00
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