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Results of the Annual General Meeting
AfroCentric Investment Corporation Limited
(Incorporated in the Republic of South Africa)
(Registration number 1988/000570/06)
JSE Code: ACT ISIN: ZAE000078416
("the Company" or AfroCentric")
RESULTS OF THE ANNUAL GENERAL MEETING
Shareholders are advised that at the annual general meeting ("AGM") of AfroCentric held today, 7
November 2024, all resolutions as set out in the notice of the AGM which was incorporated in the 2024
Integrated Annual Report and distributed to shareholders on 9 October 2024 were duly approved by the
requisite majority of shareholders present and voting either in person or represented by proxy.
Ordinary resolution number 2.3 regarding the appointment of Ms M Chauke as a member of the audit and
risk committee has been withdrawn following Ms Chauke's resignation from the board of directors, as
announced on SENS on
The total number of shares in issue as at the date of the AGM 100% 840 088 242
The total number of shares present/represented including proxies at the
meeting as percentage of voteable shares 89% 744 779 450
The total number of shares present/represented including proxies at the
meeting as percentage of issued shares 89% 744 779 450
Abstentions and shares voted are represented below as a percentage of total number of shares in issue.
Resolutions:
Ordinary Resolution number 1: Re-election of directors
Ordinary resolution 1.1 – Re-election of Dr ATM Mokgokong
For Against Abstain Shares voted
744 674 302 2 272 129 876 744 649 574
100.00% - 0.02% 88.53%
Ordinary resolution 1.2 – Re-election of DR ND Munisi
For Against Abstain Shares voted
734 709 504 9 940 070 129 876 744 649 574
98.67% 1.33% 0.02% 88.53%
Ordinary resolution 1.3 – Re-election of Ms K Mkhize
For Against Abstain Shares voted
734 709 504 9 940 070 129 876 744 649 574
98.67% 1.33% 0.02% 88.53%
Ordinary Resolution number 2: Appointment of Chairman and Members to the Audit and Risk
Committee
Ordinary resolution 2.1 – Appointment of Mr JB Fernandes (Chairman)
For Against Abstain Shares voted
704 331 079 40 318 495 129 876 744 649 574
94.59% 5.41% 0.02% 88.53%
Ordinary resolution 2.2 – Appointment of Ms AM le Roux
For Against Abstain Shares voted
704 331 079 40 318 495 129 876 744 649 574
94.59% 5.41% 0.02% 88.53%
Ordinary resolution number 3: Re-appointment of KPMG as independent auditor for the 2025
financial year
For Against Abstain Shares voted
744 647 302 2 272 129 876 744 649 574
100.00% 0.00% 0.02% 88.53%
Ordinary resolution number 4: General authority to issue shares for cash
For Against Abstain Shares voted
694 393 281 50 256 293 129 876 744 649 574
93.25% 6.75% 0.02% 88.53%
Ordinary resolution number 5: Approval of the remuneration policy
For Against Abstain Shares voted
694 250 774 50 398 800 129 876 744 649 574
93.23% 6.77% 0.02% 88.53%
Ordinary resolution number 6: Approval of the remuneration implementation report
For Against Abstain Shares voted
704 188 572 40 461 002 129 876 744 649 574
94.57% 5.43% 0.02% 88.53%
Ordinary resolution number 7: Authority of directors and/or Company Secretary
For Against Abstain Shares voted
704 331 079 40 318 495 129 876 744 649 574
94.59% 5.41% 0.02% 88.53%
Special resolution number 1: Approval of Non-executive Directors' fees
Special resolution number 1.1: Approval of Non-executive Directors' fees
For Against Abstain Shares voted
704 331 079 40 318 495 129 876 744 649 574
94.59% 5.41% 0.02% 88.53%
Special resolution number 1.2: Approval of Special Ad Hoc Fees for the Audit and Risk Committee
Members
For Against Abstain Shares voted
704 331 079 40 318 495 129 876 744 649 574
94.59% 5.41% 0.02% 88.53%
Special resolution number 2: General authority to repurchase shares
For Against Abstain Shares voted
744 505 795 143 779 129 876 744 649 574
99.98% 0.02% 0.02% 88.53%
Special resolution number 3: Financial assistance to related and inter-related company or
companies
For Against Abstain Shares voted
704 331 079 40 318 495 129 876 744 649 574
94.59% 5.41% 0.02% 88.53%
Special resolution number 4: Financial assistance for the subscription of shares to related or
inter-related companies
For Against Abstain Shares voted
704 331 079 40 318 495 129 876 744 649 574
94.59% 5.41% 0.02% 88.53%
7 November 2024
JSE Sponsor to AfroCentric
Questco Corporate Advisory Proprietary Limited
Date: 07-11-2024 01:30:00
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