Results of the Annual General Meeting of Altron held on 28 July 2022

Results of the Annual General Meeting of Altron held on 28 July 2022

ALTRON 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 2022

Shareholders are advised that the results of the business conducted at the Altron Annual General
meeting held through electronic communication on Thursday, 28 July 2022 are as follows:

Total number of shares that can be exercised at the meeting 378,277,472
Total number of shares present/represented including proxies at the meeting 327,041,635
as percentage of voteable shares
Total number of shares present/represented including proxies at the meeting 327,041,635
as percentage of issued shares
Total number of members present in person 19
Issued Shares 410,564,940

Annual Financial Statements
The Annual Financial Statements of the Company, incorporating the External Auditor, Audit and Risk
Committee, Directors’ Reports, Remuneration Report and Governance Report for the year ended
28 February 2022, 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 disclosed as abstained
percentage of the Voted a percentage disclosed as a
total number of of the total percentage of
shares voted at the voteable the total issued
meeting shares shares*
For Against
Ordinary resolution number 1.1: Re- 91.77% 8.23% 327 006 557 86.45% 0.01%
election of non-executive Directors –
Mr. Robert Venter
Ordinary resolution number 1.2: Re- 96.37% 3.63% 327 021 696 86.45% 0.00%
election of non-executive Directors –
Dr Phumla Mnganga
Ordinary resolution number 1.3: Re- 98.29% 1.71% 327 021 696 86.45% 0.00%
election of non-executive Directors –
Mr. Grant Gelink
Ordinary resolution number 1.4: 98.75% 1.25% 327 004 307 86.45% 0.01%
Election of Executive Director – Mr.
Nicholas Bofilatos
Ordinary resolution number 1.5: 100% 0% 327 006 557 86.45% 0.01%
Election of non-executive Directors –
Ms. Sharoda Rapeti
Ordinary resolution number 1.6: 94.57% 5.43% 327 006 557 86.45% 0.01%
Election of non-executive Directors –
Mr. Tapiwa Ngara
Ordinary resolution number 2: Election 100% 0% 327 021 696 86.45% 0%
of PricewaterhouseCoopers Inc.
(“PwC”) as the Company’s auditors
(with Ms. Alinah Motaung as audit
partner)
Ordinary resolution number 3.1: 93.60% 6.40% 327 020 216 86.45% 0.01%
Election of the Audit & Risk Committee
member – Mr. Grant Gelink (Chairman)
Ordinary resolution number 3.2: 96.42% 3.58% 327 005 077 86.45% 0.01%
Election of the Audit & Risk Committee
member – Ms. Sharoda Rapeti
(Member)
Ordinary resolution number 3.3: 100% 0% 323 371 143 85.49% 0.89%
Election of the Audit & Risk Committee
member – Ms. Alupheli Sithebe
(Member)
Ordinary resolution 4: Endorsement of 85.56% 14.44% 327 020 216 86.45% 0.01%
the Altron Group Remuneration Policy

Ordinary resolution number 5: 92.85% 7.15% 327 020 216 86.45% 0.01%
Endorsement of the implementation of
the Altron Group Remuneration Policy

Ordinary resolution number 6: General 64.05% 35.95% 327 021 696 86.45% 0%
authority to directors to allot and issue
authorised, but unissued A ordinary
shares
Ordinary resolution number 7: 100% 0% 327 021 696 86.45% 0%
Authority to implement resolutions
passed at the AGM
Special resolution number 1: 100% 0% 327 000 077 86.44% 0.01%
Remuneration of the Non-Executive
Chairman
Special resolution number 2: 99.99% 0.01% 327 000 077 86.44% 0.01%
Remuneration of the Non-Executive
Directors
Special resolution number 3.1: 99.96% 0.04% 327 000 077 86.44% 0.01%
Remuneration payable to Non-
Executive Directors participating in
Statutory and Board Committees –
Audit and Risk Committee Chair
Special resolution number 3.2: 99.99% 0.01% 327 000 077 86.44% 0.01%
Remuneration payable to Non-
Executive Directors participating in
Statutory and Board Committees –
Audit and Risk Committee Member
Special resolution number 3.3: 99.99% 0.01% 327 000 077 86.44% 0.01%
Remuneration payable to Non-
Executive Directors participating in
Statutory and Board Committees –
Remuneration, Social, Ethics and
Sustainability Committee Chair
Special resolution number 3.4: 99.99% 0.01% 327 000 077 86.44% 0.01%
Remuneration payable to Non-
Executive Directors participating in
Statutory and Board Committees –
Remuneration, Social, Ethics and
Sustainability Committee Member
Special resolution number 3.5: 99.99% 0.01.% 327 000 077 86.44% 0.01%
Remuneration payable to Non-
Executive Directors participating in
Statutory and Board Committees –
Nomination Committee Chair
Special resolution number 3.6: 99.99% 0.01% 327 000 077 86.44% 0.01%
Remuneration payable to Non-
Executive Directors participating in
Statutory and Board Committees –
Nomination Committee Member
Special resolution number 3.7: 99.99% 0.01% 327 000 077 86.44% 0.01%
Remuneration payable to Non-
Executive Directors participating in
Statutory and Board Committees –
Investment Committee Chair
Special resolution number 3.8: 99.99% 0.01% 327 000 077 86.44% 0.01%
Remuneration payable to Non-
Executive Directors participating in
Statutory and Board Committees –
Investment Committee Member
Special resolution number 4: General 100% 0% 327 018 216 86.44% 0.01%
authority to provide financial
assistance to related or inter-related
companies
*Abstentions are represented as a percentage of total issued ordinary shares

Accordingly, all the resolutions as set out in the Notice convening the 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 2022
Sponsor: Investec Bank Limited

Date: 28-07-2022 01:52:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (‘JSE’).
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.