AFRICAN PHOENIX INVESTMENTS LIMITED - Results of Annual General Meeting

Results of Annual General Meeting

AFRICAN PHOENIX INVESTMENTS LIMITED
Incorporated in the Republic of South Africa
(Registration number 1946/021193/06)
Ordinary share code: AXL ISIN: ZAE000221370
Hybrid instrument code: AXLP ISIN: ZAE000221388
(“Phoenix” or “the Company”)

RESULTS OF ANNUAL GENERAL MEETING

Shareholders are advised that, at the Annual General Meeting of Phoenix held today, all the resolutions as
set out in the notice of Annual General Meeting were passed by the requisite majority of shareholders.
The number of ordinary shares voted in person or by proxy was 1 124 667 109 representing 78.81% of the
total issued share capital of the same class of Phoenix shares.
The resolutions proposed at the Annual General Meeting, together with the percentage of shares
abstained, as well as the percentage of votes carried for and against each resolution, are set out below:

                                                              % of votes
                                                              carried for    % of votes
                                                                     the     against the    % of shares
Resolution                                                   resolution      resolution     abstained
Ordinary resolution number 1: Appointment of external
auditors                                                         99.99%         0.01%           0.51%
Ordinary resolution number 2: Appointment and re-
election of directors                                                -              -               -
2.1: Appointment of Mr Morris Mthombeni as an
independent non-executive director                               97.64%         2.36%           0.83%
2.2: Appointment of Ms Alethea Conrad as a non-
executive director                                               97.63%         2.37%           0.83%
2.3: Appointment of Ms Nonzukiso Siyotula as an
independent non-executive director                               97.64%         2.36%           0.83%
Ordinary resolution number 3: Appointment of the
Chairperson and members of the Audit and Risk
Committee                                                            -              -               -
3.1: Appointment of Ms Reshma Mathura as a member
and chairperson of the Audit and Risk Committee                  97.64%         2.36%           0.83%
3.2: Appointment of Ms Nonzukiso Siyotula as a member
of the Audit and Risk Committee                                  97.64%         2.36%           0.83%
3.3: Appointment of Ms Mahlatse Kabi as a member of
the Audit and Risk Committee                                     97.64%         2.36%           0.83%
3.4: Appointment of Ms Alethea Conrad as a member of
the Audit and Risk Committee                                     97.64%         2.36%           0.83%
Ordinary resolution number 4: Non-binding advisory
vote on the remuneration policy and implementation
report                                                               -              -               -
4.1: Non-binding advisory vote on the remuneration policy        77.21%        22.79%           0.33%
4.2: Non-binding advisory vote on the remuneration
implementation report                                            77.65%        22.35%           0.33%
Ordinary resolution number 4: Signature of documents             97.64%         2.36%           0.83%
Special resolution number 1: Financial assistance to 
related or inter-related companies or undertakings               99.32%         0.68%           0.00%
Special resolution number 2: General approval to
acquire ordinary shares                                          99.35%         0.65%           0.00%

Johannesburg
20 March 2019

Sponsor
Merchantec Capital

Date: 20/03/2019 05:39:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.