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Results of the Annual General Meeting and Changes to the Board Committee Members
Araxi Limited
(Previously Capital Appreciation Limited)
Incorporated in the Republic of South Africa
(Registration number 2014/253277/06)
Share code: AXX ISIN: ZAE000208245
(“Araxi” or "the Company" or “the Group”)
RESULTS OF THE ANNUAL GENERAL MEETING AND CHANGES TO THE BOARD COMMITTEE MEMBERS
Shareholders are advised that the results of the business conducted at the Annual General Meeting, held
virtually on Wednesday, 2 September 2026, are as follows:
Percentage Number of shares
Total number of shares that can be exercised at the meeting 100.00% 1 200 252 529
Total number of shares present/represented including proxies at 58.02% 6 384 811
the meeting as % of voteable shares
Total number of shares present/represented including proxies at 53.90% 6 384 811
the meeting as % of issued shares
Total number of members present in person 9
Issued Shares 100.00% 1 291 960 171
Details of the results of voting at the annual general meeting are as follows:
For Against Abstain Total
% % %
Votes Votes Votes* Votes
Ordinary resolution
number 1.1:
Confirmation of the 679 293 926 99.99% 74 844 0.01% 17 016 037 1.32% 679 368 770
appointment of PD
Ndlovu as director
Ordinary resolution
number 1.2:
Confirmation of the 679 281 886 99.99% 87 359 0.01% 17 015 562 1.32% 679 369 245
appointment of F
Mohideen as director
Ordinary resolution
number 1.3:
Confirmation of the
679 281 411 99.99% 87 359 0.01% 17 016 037 1.32% 679 368 770
appointment of MP
Mthethwa as
director
Ordinary resolution
number 1.4:
Confirmation of the 679 281 759 99.99% 87 011 0.01% 17 016 037 1.32% 679 368 770
appointment of MR
Pimstein as director
Ordinary resolution
number 2.1: Election
of PD Ndlovu as a
member and
679 294 401 99.99% 74 844 0.01% 17 015 562 1.32% 679 369 245
Chairperson of the
audit and risk and
opportunity
committee
Ordinary resolution
number 2.2: Election
of F Mohideen as a
member of the audit 679 282 234 99.99% 87 011 0.01% 17 015 562 1.32% 679 369 245
and risk and
opportunity
committee
Ordinary resolution
number 2.3: Re-
election of K Dlamini
as a member of the 679 294 401 99.99% 74 844 0.01% 17 015 562 1.32% 679 369 245
audit and risk and
opportunity
committee
Ordinary resolution
number 3: Re-
679 294 401 99.99% 54 844 0.01% 17 035 562 1.32% 679 349 245
appointment of
external auditors
Ordinary resolution
number 4: General
638 648 339 94.01% 40 719 831 5.99% 17 016 037 1.32% 679 368 170
authority to issue
shares for cash
Ordinary resolution
number 5: Approval
618 500 974 91.04% 60 867 196 8.96% 17 016 037 1.32% 679 368 170
of the Company’s
Remuneration Policy
Ordinary resolution
number 6: Approval
of the Company’s
618 500 974 91.04% 60 867 196 8.96% 17 016 037 1.32% 679 368 170
Remuneration
Implementation
Report
Ordinary resolution
number 7.1: Re-
election of K Dlamini
as a member and 679 293 801 99.99% 74 844 0.01% 17 015 562 1.32% 679 368 645
Chairman of the
social and ethics
committee
Ordinary resolution
number 7.2: Re-
election of RT
Maqache as a 679 281 159 99.99% 87 011 0.01% 17 016 037 1.32% 679 368 170
member of the social
and ethics
committee
Ordinary resolution
number 7.3: Re-
election of A
Dambuza as a 679 293 326 99.99% 74 844 0.01% 17 016 037 1.32% 679 368 170
member of the social
and ethics
committee
Ordinary resolution
number 7.4: Election
of MP Mthethwa as a
679 281 286 99.99% 87 359 0.01% 17 015 562 1.32% 679 368 645
member of the social
and ethics
committee
Ordinary resolution
number 8:
Repurchase if the 379 993 608 55.93% 229 375 037 44.07% 17 015 562 1.32% 679 368 645
Company’s ordinary
shares
Special resolution
number 1: Approval
679 289 330 99.99% 78 844 0.01% 17 016 037 1.32% 679 368 174
of non-executive
directors’ fees
Special resolution
number 2: Financial 645 019 494 94.94% 34 348 676 5.06% 17 016 037 1.32% 679 368 170
assistance to
subsidiaries and
other related and
interrelated entities
*Abstentions are represented as a percentage of total issued ordinary shares.
Changes to the Board Committee Members
Following the retirements of V Sekese and B Bulo as Independent Non-executive directors and the
appointments of D Ndlovu, Philisiwe Mthethwa and F Mohideen as Independent Non-executive directors,
effective 2 September, the following changes have been made to the composition of the Board
Committees:
- Delia Ndlovu has been appointed as a member and Chairperson of the Audit, Risk and Opportunity
committee, and as a member of the Nominations and Remuneration Committee;
- Philisiwe Mthethwa has been appointed as a member of the Investment Committee and Social
and Ethics Committee; and
- Farouk Mohideen has been appointed as member of the Audit, Risk and Opportunity Committee.
Sandton
4 September 2026
Sponsor
Investec Bank Limited
Date: 04/09/2026 01:07:00
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