INSIMBI INDUSTRIAL HOLDINGS LIMITED - Results of the Annual General Meeting

Results of the Annual General Meeting

Insimbi Industrial Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number: 2002/029821/06)
Share code: ISB
ISIN: ZAE000116828
(“Insimbi” or “the Company”)


RESULTS OF THE ANNUAL GENERAL MEETING


Shareholders are hereby advised that at the annual general meeting of the Company held at
Insimbi Offices at 359 Croker Road, Wadeville, Germiston today, 31 July 2023 at 10:00
(“AGM”), all of the resolutions were passed by the requisite majorities of the Company’s
shareholders.

Details of the results of the voting at the 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 the          voted at       voted at       voted at   of shares in   of shares in
 AGM                         AGM            AGM            AGM           issue*        issue*

 Ordinary resolution
 number 1:
 Adoption of annual
 financial
 statements                99.99%           0.01%    294 926 104       77.92%          0.08%

 Ordinary resolution
 number 2:
 Confirmation of
 appointment of Mr
 N Mwale                   99.92%           0.08%    295 106 104       77.97%          0.08%

 Ordinary resolution
 number 3:
 Appointment of Mr
 RI Dickerson to the
 Audit and Risk
 Committee                 99.99%           0.01%    294 926 104    77.92.00%          0.08%

 Ordinary resolution
 number 4:
 Appointment of Mr
 M Mwale to the
 Audit and Risk
 Committee                 99.92%           0.08%    295 106 104       77.97%          0.08%

 Ordinary resolution
 number 5:                 99.92%           0.08%    295 106 104       77.97%          0.08%
 Appointment of Ms
 CS Ntshingila to
 the Audit and Risk
 Committee

 Ordinary resolution
 number 6:
 Appointment of
 Moore Cape Town
 Inc. as external
 auditor                    99.99%          0.01%    294 926 104        77.92%         0.08%

 Ordinary resolution
 number 7:
 Indemnification of
 directors                  99.92%          0.08%    295 055 104        77.96%         0.09%

 Ordinary resolution
 number 8:
 General authority to
 issue shares or
 options for cash            93.37%          6.63%   294 926 104        77.92%         0.08%

 Non-binding
 advisory vote 1:
 Remuneration
 policy                      99.92%          0.08%   295 106 104        77.97%         0.08%

 Non-binding
 advisory vote 2:
 Implementation
 report                      99.99%          0.01%   294 926 104         77.92%        0.08%

 Special resolution
 number 1:
 Proposed adoption
 of new
 memorandum of
 incorporation of the
 Company                     99.99%          0.01%   294 926 104         77.92%        0.08%

 Special resolution
 number 2:
 Approval of non-
 executive directors’
 fees                        99.99%          0.01%   294 926 104          77.92%       0.08%

 Special resolution
 number 3:
 General approval to
 repurchase
 company shares              85.34%         14.66%   294 926 104          77.92%       0.08%

 Special resolution
 number 4:
 Loans or financial
 assistance to
 subsidiaries and
 related or inter-
 related companies           99.99%         0.01%    294 926 104          77.92%       0.08%
 in terms of Section
 45(2) and 45(3)

 Special resolution
 number 5:
 Loans or financial
 assistance to
 subsidiaries and
 related or inter-
 related companies
 in terms of Section
 44(3)(a)(ii), 44(1)
 and 44(2).                 93.37%        6.63%    294 926 104            77.92%       0.08%


Note:
*Total number of shares in issue as at the date of the AGM was 378 487 321.


Johannesburg
31 July 2023

Sponsor
PSG Capital

Date: 31-07-2023 02:05:00
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