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Results of the annual general meeting
AFRIMAT LIMITED
Incorporated in the Republic of South Africa
(Registration number: 2006/022534/06)
Share code: AFT
ISIN: ZAE000086302
("Afrimat" or "the Company")
RESULTS OF THE ANNUAL GENERAL MEETING
Shareholders are hereby advised that the results of the voting at the annual general meeting
of the Company held at 14:00 on Tuesday, 6 August 2024 at the Cape Town Marriott Hotel
Crystal Towers, Corner of Century Boulevard and Rialto Road, Century City, Cape Town,
7441 ("AGM"), are as follows:
Votes
Votes for against
resolution resolution
as a as a Number of Number of
percentage percentage shares shares
of total of total voted at abstained
number of number of Number of AGM as a as a
Resolutions shares shares shares percentage percentage
proposed at voted at voted at voted at of shares of shares
the AGM AGM AGM AGM in issue¹ in issue¹
Ordinary
resolution
number 1: To
adopt the 2024
annual financial
statements 100.00% 0.00% 106 327 203 66.58% 0.60%
Ordinary
resolution
number 2: To
re-elect Ms
Sisanda Tuku
as a director 99.20% 0.80% 106 329 603 66.58% 0.60%
Ordinary
resolution
number 3: To
re-elect Ms
Phuti Tsukudu
as a director 93.47% 6.53% 106 329 603 66.58% 0.60%
Ordinary
resolution
number 4: To
re-elect Mr
Francois Louw
as a director 98.89% 1.11% 106 329 603 66.58% 0.60%
Ordinary
resolution
number 5: To
re-appoint Mr
Loyiso Dotwana
as a member of
the Audit & Risk
Committee 87.93% 12.07% 106 329 603 66.58% 0.60%
Ordinary
resolution
number 6: To
re-appoint Mr
Francois Louw
as a member of
the Audit & Risk
Committee 97.07% 2.93% 106 329 603 66.58% 0.60%
Ordinary
resolution
number 7: To
re-appoint Mr
Derick van der
Merwe as a
member of the
Audit & Risk
Committee 99.95% 0.05% 106 329 603 66.58% 0.60%
Ordinary
resolution
number 8: To
re-appoint Ms
Sisanda Tuku
as a member of
the Audit & Risk
Committee 99.81% 0.19% 106 327 203 66.58% 0.60%
Ordinary
resolution
number 9: To
re-appoint Mr
Nicolaas Kruger
as a member of
the Audit & Risk
Committee 99.96% 0.04% 106 329 603 66.58% 0.60%
Ordinary
resolution
number 10: To
re-appoint
Pricewaterhous
eCoopers Inc.
as auditor 96.98% 3.02% 106 327 203 66.58% 0.60%
Ordinary
resolution
number 11:
Non-binding
endorsement of
Afrimat's
remuneration
policy 95.76% 4.24% 106 325 417 66.58% 0.60%
Ordinary
resolution
number 12:
Non-binding
endorsement of
Afrimat's
implementation
report on the
remuneration
policy 86.92% 13.08% 106 325 417 66.58% 0.60%
Ordinary
resolution
number 13: To
authorise the
directors or the
Company
Secretary to
sign
documentation 100.00% 0.00% 106 327 203 66.58% 0.60%
Ordinary
resolution
number 14:
General
authority to
issue ordinary
shares for cash 88.76% 11.24% 106 320 503 66.58% 0.60%
Special
resolution
number 1:
Remuneration
of the Chairman
of the Board 100.00% 0.00% 106 327 203 66.58% 0.60%
Special
resolution
number 2:
Remuneration
of the non-
executive
directors 99.27% 0.73% 106 320 503 66.58% 0.60%
Special
resolution
number 3:
Remuneration
of the Chairman
of the Audit &
Risk Committee 100.00% 0.00% 106 320 503 66.58% 0.60%
Special
resolution
number 4:
Remuneration
of the Audit &
Risk Committee
members 100.00% 0.00% 106 320 503 66.58% 0.60%
Special
resolution
number 5:
Remuneration
of the Chairman
of the
Remuneration
Committee 100.00% 0.00% 106 320 503 66.58% 0.60%
Special
resolution
number 6:
Remuneration
of the Chairman
of the
Nominations
Committee 100.00% 0.00% 106 320 503 66.58% 0.60%
Special
resolution
number 7:
Remuneration
of the
Remuneration &
Nominations
Committee
members 100.00% 0.00% 106 320 503 66.58% 0.60%
Special
resolution
number 8:
Remuneration
of the Chairman
of the Social,
Ethics &
Sustainability
Committee 99.85% 0.15% 106 322 903 66.58% 0.60%
Special
resolution
number 9:
Remuneration
of the Social,
Ethics &
Sustainability
Committee
members 100.00% 0.00% 106 322 903 66.58% 0.60%
Special
resolution
number 10:
Remuneration
of the Chairman
of the
Investment
Review
Committee 100.00% 0.00% 106 320 503 66.58% 0.60%
Special
resolution
number 11:
Remuneration
of the
Investment
Review
Committee
members 100.00% 0.00% 106 320 503 66.58% 0.60%
Special
resolution
number 12: Ad
hoc
remuneration of
the members of
the Board under
rare
circumstances 89.54% 10.46% 106 320 503 66.58% 0.60%
Special
resolution
number 13:
Inter-company
financial
assistance 98.58% 1.42% 106 327 203 66.58% 0.60%
Special
resolution
number 14:
Financial
assistance for
the subscription
and/or purchase
of shares in the
Company or a
related or inter-
related
company 90.76% 9.24% 106 327 203 66.58% 0.60%
Special
resolution
number 15:
Share
repurchases by
the Company
and its
subsidiaries 85.09% 14.91% 106 327 203 66.58% 0.60%
Note:
1. Total number of shares in issue as at the date of the AGM was 159 690 957, of which 8 055
892 were treasury shares.
2. No resolutions were added or amended at the AGM.
Cape Town
7 August 2024
Sponsor
Valeo Capital (Pty) Ltd
Date: 07-08-2024 03:15:00
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