Results of the Annual General Meeting of Altron held on 28 July 2021

Results of the Annual General Meeting of Altron held on 28 July 2021

ALLIED ELECTRONICS CORPORATION LIMITED
(Registration number 1947/024583/06)
(Incorporated in the Republic of South Africa)
Share code: AEL ISIN: ZAE000191342
(“Altron” or “Altron Group” or “the Company”)
RESULTS OF THE ANNUAL GENERAL MEETING OF ALTRON HELD ON 28 JULY 2021

Shareholders are advised that the results of the business conducted at the Altron annual general
meeting held through electronic communication on Wednesday, 28 July 2021 are as follows:

Total number of issued shares 404 350 719
Number of ordinary shares 372 063 251
Percentage of voteable ordinary shares represented at the meeting 90.34%

Total number of shares represented (including proxies) at the meeting 372 063 251

Treasury Shares excluded from voting 32 287 468

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 2021, were presented to shareholders.

Details of the results of voting at the annual general meeting are as follows:

Resolution Votes cast Number of Shares voted Shares
disclosed as a Shares Voted disclosed as abstained
percentage of the a percentage disclosed
total number of of the total as a
shares voted at the voteable percentage
meeting shares of the total
For Against issued
shares

Ordinary resolution number 1.1: 89,20% 10,80% 332 443 619 89,35% 0.91%
Re-Election of non-executive
director – Mr RE Venter

Ordinary resolution number 1.2: 100,00% 0,00% 336 107 542 90,34% 0.00%
Re-Election of non-executive
director – Ms BJ Francis

Ordinary resolution number 1.3: 95,23% 4,77% 336 109 792 90,34% 0.00%
Re-Election of non- executive
director – Mr GG Gelink

Ordinary resolution number 1.4: 99,67% 0,33% 336 107 542 90,34% 0.00%
Election of non-executive
director – Ms A Sithebe

Ordinary resolution number 2: 100,00% 0,00% 336 109 792 90,34% 0.00%
Re-appointment of external
auditor

Ordinary resolution number 3.1: 95,19% 4,81% 336 109 792 90,34% 0.00%
Election of audit committee
member – Mr GG Gelink

Ordinary resolution number 3.2: 97,46% 2,54% 336 109 792 90,34% 0.00%
Election of audit committee
member – Mr SW van Graan

Ordinary resolution number 3.3: 100,00% 0,00% 336 107 542 90,34% 0.00%
Election of audit committee
member – Ms BJ Francis

Ordinary resolution number 3.4: 99,67% 0,33% 336 107 542 90,34% 0.00%
Election of audit committee
member – Ms A Sithebe

Ordinary resolution number 4: 84,56% 15,44% 336 104 992 90,34% 0.00%
Endorsement of Altron Group
Remuneration Policy

Ordinary resolution number 5: 86,92% 13,08% 336 104 992 90,34% 0.00%
Endorsement of
Implementation of Altron Group
Remuneration Policy

Ordinary resolution number 6: 59,07% 40,93% 336 107 992 90,34% 0.00%
General authority to directors to
allot and issue authorised but
unissued A ordinary shares

Ordinary resolution number 7: 97,63% 2,37% 336 107 992 90,34% 0.00%
Authority to implement
resolutions passed at the AGM

Special resolution number 1: 99,66% 0,34% 336 108 492 90,34% 0.00%
Remuneration of independent
non-executive chairman

Special resolution number 2: 99,66% 0,34% 336 108 492 90,34% 0.00%
Remuneration of non-executive
directors

Special resolution number 3.1: 99,66% 0,34% 336 105 492 90,34% 0.00%
Remuneration payable to non-
executive directors participating
in statutory and board
committees – Altron audit
committee chairman

Special resolution number 3.2: 99,66% 0,34% 336 105 492 90,34% 0.00%
Remuneration payable to non-
executive directors participating
in statutory and board
committees – Altron audit
committee member

Special resolution number 3.3: 99,66% 0,34% 336 105 492 90,34% 0.00%
Remuneration payable to non-
executive directors participating
in statutory and board
committees – Altron
remuneration committee
chairman

Special resolution number 3.4: 99,66% 0,34% 336 105 492 90,34% 0.00%
Remuneration payable to non-
executive directors participating
in statutory and board
committees – Altron
remuneration committee
member

Special resolution number 3.5: 99,66% 0,34% 336 105 492 90,34% 0.00%
Remuneration payable to non-
executive directors participating
in statutory and board
committees – Altron risk
management committee
chairman

Special resolution number 3.6: 99,66% 0,34% 336 105 492 90,34% 0.00%
Remuneration payable to non-
executive directors participating
in statutory and board
committees – Altron risk
management committee
member

Special resolution number 3.7: 99,66% 0,34% 336 105 492 90,34% 0.00%
Remuneration payable to non-
executive directors participating
in statutory and board
committees – Altron nomination
committee chairman

Special resolution number 3.8: 99,66% 0,34% 336 105 492 90,34% 0.00%
Remuneration payable to non-
executive directors participating
in statutory and board
committees – Altron nomination
committee member

Special resolution number 3.9: 99,66% 0,34% 336 105 492 90,34% 0.00%
Remuneration payable to non-
executive directors participating
in statutory and board
committees – Altron social and
ethics committee chairman

Special resolution number 3.10: 99,66% 0,34% 336 105 492 90,34% 0.00%
Remuneration payable to non-
executive directors participating
in statutory and board
committees – Altron social and
ethics committee member

Special resolution number 3.11: 99,66% 0,34% 336 105 492 90,34% 0.00%
Remuneration payable to non-
executive directors participating
in statutory and board
committees – Altron investment
committee chairman

Special resolution number 3.12: 99,66% 0,34% 336 105 492 90,34% 0.00%
Remuneration payable to non-
executive directors participating
in statutory and board
committees – Altron investment
committee member

Special resolution number 4: 92,56% 7,44% 336 105 492 90,34% 0.00%
Remuneration payable to non-
executive directors for
participating in
special/unscheduled board
meetings and strategy sessions

Special resolution number 5: 100,00% 0,00% 336 106 792 90,34% 0.00%
General authority to provide
financial assistance to related or
inter-related companies
Special resolution number 6: 100,00% 0,00% 336 105 792 90,34% 0.00%
Change of Company Name

Special resolution number 7: 100,00% 0,00% 336 105 792 90,34% 0.00%
Amendment of Memorandum of
Incorporation

*Abstentions are represented as a percentage of total issued ordinary shares

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
28 July 2021

Sponsor: Investec Bank Limited

Date: 28-07-2021 01:41:00
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