Results of the Annual General Meeting of Altron held on 10 July 2019

Results of the Annual General Meeting of Altron held on 10 July 2019

Allied Electronics Corporation Limited
(Registration number 1947/024583/06)
(Incorporated in the Republic of South Africa)
Share code: AEL ISIN: ZAE000191342
(“Altron” or “the company”)

RESULTS OF THE ANNUAL GENERAL MEETING OF ALTRON HELD ON 10 JULY 2019

Shareholders are advised that the results of the business conducted at the Altron annual
general meeting held on Wednesday, 10 July 2019 at 09:00 in the Altron Boardroom, 4
Sherborne Road, Parktown, Johannesburg are as follows:

Total issued number Total number of Number of ordinary Percentage of
of ordinary shares voteable shares shares represented at ordinary shares
the meeting represented at the
meeting

399 392 937 371 212 857 333 562 120 89.86%

Annual financial statements

The annual financial statements of the company, incorporating the external auditor, audit
committee and directors’ reports for the year ended 28 February 2019, were presented.

Details of the results of voting at the annual general meeting are as follows:
Votes disclosed as Shares voted Shares
percentage in relation to total disclosed as
abstained
number of shares voted at the a percentage
disclosed as
meeting in relation to a
percentage
the total in
relation to
issued share the
total
capital issued
share
capital
Resolutions
For Against
Ordinary resolution 99.80% 0.20% 83.50% 0.02%
number 1.1: Election
of director: Dr P
Mnganga
Ordinary resolution 99.85% 0.15% 83.50% 0.02%
number 1.2: Election
of director: Mr C Miller
Ordinary resolution 99.81% 0.19% 83.50% 0.02%
number 2.1: Re-
election of director: Mr
MJ Leeming
Ordinary resolution 90.58% 9.42% 82.49% 1.03%
number 2.2: Re-
election of director: Mr
RE Venter
Ordinary resolution 99.80% 0.20% 83.50% 0.01%
number 3: Re-
appointment of external
auditor
Ordinary resolution 100% 0% 83.50% 0.02%
number 4.1: Election
of audit committee
member: Mr GG Gelink
Ordinary resolution 99.98% 0.02% 83.50% 0.02%
number 4.2: Election
of audit committee
member: Mr SW van
Graan
Ordinary resolution 100% 0% 83.50% 0.02%
number 4.3: Election
of audit committee
member: Ms BJ Francis
Ordinary resolution 93.40% 6.60% 83.48% 0.04%
number 5:
Endorsement of Altron
Group Remuneration
Policy
Ordinary resolution 98.23% 1.77% 83.50% 0.01%
number 6:
Endorsement of
implementation of
Altron Group
Remuneration Policy
Ordinary resolution 96.01% 3.99% 83.50% 0.02%
number 7: General
authority to directors to
allot and issue
authorised but
unissued A ordinary
shares
Ordinary resolution 90.63% 9.37% 83.50% 0.02%
number 8: Amendment
to The Altron 2009
Share Plan
Ordinary resolution 99.98% 0.02% 83.50% 0.01%
number 9: Authority to
implement resolutions
passed at the AGM
Special resolution 99.99% 0.01% 83.50% 0.02%
number 1:
Remuneration of
independent non-
executive chairman
Special resolution 100% 0% 83.50% 0.02%
number 2:
Remuneration of non-
executive directors
Special resolution 100% 0% 83.50% 0.02%
number 3.1:
Remuneration payable
to audit committee
chairman
Special resolution 100% 0% 83.50% 0.02%
number 3.2:
Remuneration payable
to audit committee
member
Special resolution 99.98% 0.02% 83.50% 0.02%
number 3.3:
Remuneration payable
to remuneration
committee chairman

Special resolution 99.98% 0.02% 83.50% 0.02%
number 3.4:
Remuneration payable
to remuneration
committee member

Special resolution 100% 0% 83.50%
0.02%
number 3.5:
Remuneration payable
to risk management
committee chairman
Special resolution 100% 0% 83.50%
0.02%
number 3.6:
Remuneration payable
to risk management
committee member
Special resolution 99.98% 0.02% 83.50%
0.02%
number 3.7:
Remuneration payable
to nomination
committee chairman

Special resolution 99.98% 0.02% 83.50%
0.02%
number 3.8:
Remuneration payable
to nomination
committee member

Special resolution 99.98% 0.02% 83.50%
0.02%
number 3.9:
Remuneration payable
to social and ethics
committee chairman
Special resolution 99.98% 0.02% 83.50%
0.02%
number 3.10:
Remuneration payable
to social and ethics
committee member
Special resolution 100% 0% 83.50%
0.02%
number 3.11:
Remuneration payable
to investment
committee chairman
Special resolution 100% 0% 83.50%
0.02%
number 3.12:
Remuneration payable
to investment
committee member
Special resolution 100% 0% 83.50%
0.02%
number 4:
Remuneration payable
to non-executive
directors for
participating in special/
unscheduled board
meetings and strategy
sessions
Special resolution 99.47% 0.53% 83.50%
0.02%
number 5: General
authority to provide
financial assistance to
related or inter-related
companies

Accordingly, all the resolutions as set out in the notice of annual general meeting, were
passed
by the requisite majority of votes.

The special resolutions will, to the extent necessary, be filed and registered with the
Companies and Intellectual Property Commission.

Johannesburg
10 July 2019
Sponsor: Investec Bank Limited

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