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Receipt of a Demand for the Convening of a Shareholders’ Meeting in terms of section 61(3) of the Companies Act
AFRICA BITCOIN CORPORATION LIMITED
(formerly Altvest Capital Limited)
Incorporated in the Republic of South Africa
(Registration Number: 2021/540736/06)
LEI Number: 37898OOE85B7YW5EEW57
JSE Main Board – General Segment
(“ABC” or the “Company”; together with its subsidiaries, the
“Group”)
Share Class JSE and A2X NSX Code OTCQB Deutsche ISIN
Codes Code Börse Code
Ordinary Shares BAC BAN AFBCF 4BC ZAE000358925
Preferred A Ordinary Shares BACA - - - ZAE000338422
Preferred B Ordinary Shares BACB - - - ZAE000338430
Preferred C Ordinary Shares BACC BANC - - ZAE000338448
RECEIPT OF A DEMAND FOR THE CONVENING OF A SHAREHOLDERS’ MEETING IN TERMS OF SECTION
61(3) OF THE COMPANIES ACT
In terms of paragraph 6.65(b) of the JSE Listings Requirements, the Company hereby notifies shareholders that WGW
Capital Proprietary Limited (“WGW”) has addressed a letter to the board of directors of the Company (“Board”) in terms
of which WGW, together with other ordinary shareholders, who collectively hold approximately 76% of the total issued
ordinary shares in the Company, have demanded, in terms of section 61(3) of the Companies Act, No. 71 of 2008, as
amended (“Companies Act”), that a shareholders meeting (“Meeting”) be convened (the “Demand”).
In terms of the Demand, the specific purpose for which the Meeting has been demanded is to enable ordinary
shareholders of the Company (“Shareholders”) to consider and vote upon the appointments of two new non-executive
directors to the Board (“Proposed Candidates” or “Proposed Appointments”).
The Board has considered the Demand and acknowledges that it has been validly submitted in accordance with the
Companies Act and the Company’s Memorandum of Incorporation.
The Board respects the rights afforded to the relevant Shareholders in this regard, however in exercising independent
judgement, the Board wishes to record that it does not support the Proposed Appointments at this time. The Board’s
position should not be interpreted as a general comment on the professional experience or capability of the Proposed
Candidates. Rather, the Board’s concern relates primarily to governance and regulatory integrity given the exceptional
circumstances currently facing the Group.
The Board will comply with its statutory obligations arising from the Demand and will take the necessary steps to convene
the Meeting and place the proposed resolutions before Shareholders in accordance with, and subject to, the applicable
legal and regulatory requirements.
The Board will continue to act independently and in the best interests of the Company and all of its stakeholders.
A further announcement regarding the details of the Proposed Candidates, further information regarding the Board’s
position in relation to Proposed Appointments, the proposed date of the Meeting and distribution of the notice convening
the Meeting will be published in due course.
Johannesburg
8 October 2026
JSE Sponsor NSX Sponsor
Questco Corporate Advisory Cirrus Securities (Pty) Ltd
Member of the Namibia Securities Exchange
Date: 08/10/2026 01:24:00
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