LABAT AFRICA LIMITED - Results Of Annual General Meeting (Agm) For The Financial Year Ended 31 May 2023 - LAB

Results Of Annual General Meeting (“Agm”) For The Financial Year Ended 31 May 2023 - LAB

LABAT AFRICA LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1986/001616/06)
("Labat" or "the Company")
ISIN Code: ZAE 000018354 Share code: LAB
LEI 9845000R73DF5EE41J88


RESULTS OF ANNUAL GENERAL MEETING ("AGM") FOR THE FINANCIAL YEAR ENDED 31 MAY 2023


Shareholders are advised that at the AGM of Labat held on 23 January 2025, convened in terms of the Notice
of AGM contained in the Annual Report, the voting information is as follows:

Number of ordinary shares represented at the meeting                                         208 752 500
Total issued number of ordinary shares                                                       669 025 769
Percentage of ordinary shares represented at the meeting                                     208 752 500

The resolutions proposed at the AGM, together with the percentage of votes carried for and against each
resolution, are set out below:

                                                                    Number of votes
                                                           For                    Abstain     Total Votes
                                                                   Against    (% of issued     (excluding
                                                          %              % share capital)    abstentions)
 Ordinary Resolution Number 1 –                  208 369 000       318 000          65 500    208 687 000
 Acceptance of the Annual Financial                    100%          0.15%           0.01%         31.19%
 Statements

 Ordinary Resolution Number 2 – Director
 retirement and re-election – Ms BA Penny                        RESOLUTION WITHDRAWN

 Ordinary Resolution Number 3 – Re-election      207 970 309       686 500         95 691    208 656 809
 of a director who retires in terms of the            99.67%         0.33%          0.01%         31.19%
 Company's policy non-executive director
 tenure – Ms RM Majiedt

 Ordinary Resolution Number 4 – Re-              208 338 809      348 1914         65 500    208 687 000
 appointment and remuneration of auditors             99.83%         0.17%          0.01%         31.19%

 Ordinary Resolution Number 5 –                  208 083 309       573 500         95 691    208 656 809
 Reappointment of Audit and Risk                      99.73%         0.27%          0.01%         31.19%
 Committee member – Mr R Mohamed

 Ordinary Resolution Number 6 – Re-
 appointment of Audit and Risk Committee                         RESOLUTION WITHDRAWN
 member – Ms BA Penny

 Ordinary resolution Number 7 - Re-              207 970 309       686 500         95 691    208 656 809
 appointment of Audit and Risk Committee              99.67%         0.33%          0.01%         31.19%
 member – Ms RM Majiedt
 Ordinary Resolution Number 8 –                  207 700 500       686 500        365 000    208 387 000
 Endorsement of Labat Africa's                        99.67%         0.33%          0.05%         31.15%
 Remuneration Policy

 Ordinary Resolution Number 9 –                  207 700 500       686 500        365 000    208 387 000
 Endorsement of the implementation of                 99.95%         0.33%          0.05%         31.15%
 Labat Africa's Remuneration Policy

 Ordinary Resolution Number 10 – General         203 795 809     4 635 691        321 000    208 431 500
 authority to allot and issue shares for cash         97.78%         2.22%          0.05%         31.15%

 Special Resolution Number 1 – Convertible       203 620 309     4 811 191        321 000    208 431 500
 into shares or rights that may exceed 30% of        99.95%         2.31%          0.05%          31.15%
 the voting power of the current issued share
 capital

 Special Resolution Number 2 – Non-              207 670 309      368 500        713 691     208 038 809
 Executive Directors' Remuneration                    99.82%        0.18%          0.11%          31.10%

 Special Resolution Number 3 – General           208 401 309       30 191        321 000     208 431 500
 authority to enter into funding agreements,          99.99%        0.01%          0.05%          31.15%
 provide loans or other financial assistance

 Special Resolution Number 4 – General           208 749 500           0           3 000     208 749 500
 authority to acquire (repurchase) the                 100%           0%           0.00%          31.20%
 Company's securities


Shareholders are advised that ordinary resolutions 2 and 6 have been withdrawn as Ms BA Penny had since
resigned. The Board will be appointing an independent non-executive director to fulfil the vacancy on the
Board as well as the Audit and Risk Committee in due course.

BY ORDER OF THE BOARD

Johannesburg
23 January 2025

JSE Sponsor
Vunani Sponsor

Date: 23-01-2025 04:45:00
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