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Report on proceedings at the annual general meeting
African Rainbow Capital Investments Limited
(Incorporated in the Republic of Mauritius
(Registration number C148430)
JSE and A2X Share code: AIL
ISIN: MU0553S00000
("ARC Investments" or "the Company")
REPORT ON PROCEEDINGS AT THE ANNUAL GENERAL MEETING
At the seventh (7th) Annual General Meeting ("AGM") of the shareholders of ARC Investments held on Thursday, 14th November 2024, all the ordinary resolutions and
one special resolution proposed at the meeting were approved by the requisite majority of votes. In this regard, the Company confirms the voting statistics from the
AGM as follows:
Number of votes (one vote per one A ordinary share)
Votes cast disclosed as a Number of shares Shares voted Shares abstained
percentage in relation to the total voted disclosed as a disclosed as a
number of shares voted at the percentage in percentage in
Resolutions meeting relation to the relation to the total
total issued issued shares*
shares*
For Against
Ordinary Resolution 1
Consideration and approval of the
Audited Annual Financial Statements 100% 0% 1,344,699,131 89.32% 0.01%
for the year ended 30th June 2024
Ordinary Resolution 2
Election and re-election of Directors
2.1 Election and re-election of Mr. C
Msipha 100% 0% 1,344,699,660 89.32% 0.01%
2.2 Election and re-election of Mr. A
Currimjee 100% 0% 1,344,699,660 89.32% 0.01%
Ordinary Resolution 3
Election of members of the Audit and
Risk Committee
3.1 Election of Mr. Clive Msipha as a
member of the Audit and Risk 100% 0% 1,344,699,660 89.32% 0.01%
Committee
3.2 Election of Mrs. Smitha Algoo
Bissonauth as a member of the Audit 88.04% 11.96% 1,344,699,660 89.32% 0.01%
and Risk Committee
3.3 Election of Dr. Renosi Mokate as a
member of the Audit and Risk 88.04% 11.96% 1,344,699,660 89.32% 0.01%
Committee
3.4 Election of Mr. Anil Currimjee as a
member of the Audit and Risk 100% 0% 1,344,698,549 89.32% 0.01%
Committee
Ordinary Resolution 4
Re-appointment of auditors
4.1 Re-appointment of
PricewaterhouseCoopers Inc. as an
auditor of the Company and the
appointment of Mr. John Li How 100% 0% 1,344,698,020 89.32% 0.01%
Cheong as the individual registered
auditor
Ordinary Resolution 5
General authority for directors to allot
and issue A-ordinary shares for cash 86.25% 13.75% 1,344,701,520 89.32% 0.01%
Ordinary Resolution 6
Non-binding advisory vote on the
Company's remuneration policy 99.91% 0.09% 1,344,701,520 89.32% 0.01%
Ordinary Resolution 7
Non-binding advisory vote on the
Company's remuneration 99.91% 0.09% 1,344,701,520 89.32% 0.01%
implementation report
Ordinary Resolution 8
Approval of remuneration payable to
non-executive directors 100% 0% 1,344,701,520 89.32% 0.01%
Ordinary Resolution 9
Authorize any Director/Authorized
Signatory to act on behalf of the 100% 0% 1,344,696,909 89.32% 0.01%
Company
Special Resolution 1
Repurchase of Company's shares 99.91% 0.09% 1,344,702,049 89.32% 0.01%
*Total issued shares is 1,505,529,552 A ordinary shares.
Ebene, Mauritius (with simultaneous circulation in Johannesburg)
15 November 2024
For further information please contact:
Company Secretary
Intercontinental Trust Limited
Tel: +230 430 0800
JSE Sponsor
Deloitte & Touche Sponsor Services Proprietary Limited
Date: 15-11-2024 09:00:00
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