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Results of the annual general meeting
AfroCentric Investment Corporation Limited
(Incorporated in the Republic of South Africa)
(Registration number 1988/000570/06)
JSE Code: ACT ISIN: ZAE000078416
("the Company" or AfroCentric")
RESULTS OF THE ANNUAL GENERAL MEETING
Shareholders are advised that at the annual general meeting ("AGM") of AfroCentric held today, 12 May
2025, all resolutions as set out in the notice of the AGM which was incorporated in the 2025 Integrated
Annual Report and distributed to shareholders on 7 April 2025 were duly approved by the requisite majority
of shareholders present and voting either in person or represented by proxy.
The total number of shares in issue as at the date of the AGM 100% 840 684 592
The total number of shares present/represented including proxies at the
meeting as percentage of voteable shares 84% 708 222 889
The total number of shares present/represented including proxies at the
meeting as percentage of issued shares 84% 708 222 889
Abstentions and shares voted are represented below as a percentage of total number of shares in issue.
Resolutions:
Ordinary Resolution number 1: Election of directors
Ordinary resolution 1.1 – Election of Mr KT Moloele
For Against Abstain Shares voted
682 098 523 25 986 264 138 102 708 084 787
96.33% 3.67% 0.02% 84.23%
Ordinary resolution 1.2 – Election of Ms K Morule
For Against Abstain Shares voted
682 098 523 25 986 264 138 102 708 084 787
96.33% 3.67% 0.02% 84.23%
Ordinary Resolution number 2: Re-election of directors
Ordinary resolution 2.1 – Re-election of Mr PB Hanratty
For Against Abstain Shares voted
682 098 523 25 986 264 138 102 708 084 787
96.33% 3.67% 0.02% 84.23%
Ordinary resolution 2.2 – Re-election of Ms MK Dippenaar
For Against Abstain Shares voted
682 098 523 25 986 264 138 102 708 084 787
96.33% 3.67% 0.02% 84.23%
Ordinary resolution 2.3 – Re-election of Ms AM le Roux
For Against Abstain Shares voted
670 941 251 37 143 536 138 102 708 084 787
94.75% 5.25% 0.02% 84.23%
Ordinary Resolution number 3: Appointment of Chairman and Members to the Audit and Risk
Committee
Ordinary resolution 3.1 – Appointment of Mr JB Fernandes (Chairman)
For Against Abstain Shares voted
682 098 523 25 986 264 138 102 708 084 787
96.33% 3.67% 0.02% 84.23%
Ordinary resolution 3.2 – Appointment of Ms AM le Roux
For Against Abstain Shares voted
682 098 523 25 986 264 138 102 708 084 787
96.33% 3.67% 0.02% 84.23%
Ordinary resolution 3.3 – Appointment of Ms K Morule
For Against Abstain Shares voted
682 098 523 25 986 264 138 102 708 084 787
96.33% 3.67% 0.02% 84.23%
Ordinary Resolution number 4: Appointment of Chairperson and Members to the Social and
Ethics Committee
Ordinary resolution 4.1 – Appointment of Dr ND Munisi (Chairman)
For Against Abstain Shares voted
708 039 658 52 396 130 835 708 092 054
99.99% 0.01% 0.02% 84.23%
Ordinary resolution 4.2 – Appointment of Ms K Morule
For Against Abstain Shares voted
682 098 523 25 993 531 130 835 708 092 054
96.33% 3.67% 0.02% 84.23%
Ordinary resolution 4.3 – Appointment of Mr Aklaaq Mahmood
For Against Abstain Shares voted
682 098 523 25 993 531 130 835 708 092 054
96.33% 3.67% 0.02% 84.23%
Ordinary resolution number 5: Re-appointment of KPMG as independent auditor for the 2025
financial year
For Against Abstain Shares voted
708 039 658 45 129 138 102 708 084 787
99.99% 0.01% 0.02% 84.23%
Ordinary resolution number 6: General authority to issue shares for cash – limited to 3%
For Against Abstain Shares voted
670 941 251 37 143 536 138 102 708 084 787
94.75% 5.25% 0.02% 84.23%
Ordinary resolution number 7: Non-binding advisory vote on the Company's Remuneration
Policy
For Against Abstain Shares voted
670 056 140 38 028 647 138 102 708 084 787
94.63% 5.37% 0.02% 84.23%
Ordinary resolution number 8: Non-binding advisory vote on the Company's Remuneration
Implementation Report
For Against Abstain Shares voted
670 056 140 38 028 647 138 102 708 084 787
94.63% 5.37% 0.02% 84.23%
Ordinary resolution number 9: Authority of directors and/or Company Secretary
For Against Abstain Shares voted
708 039 658 45 129 138 102 708 084 787
99.99% 0.01% 0.02% 84.23%
Special resolution number 1: Approval of Non-executive Directors' fees
For Against Abstain Shares voted
682 097 523 25 987 264 138 102 708 084 787
96.33% 3.67% 0.02% 84.23%
Special resolution number 2: General authority to repurchase shares
For Against Abstain Shares voted
681 214 412 26 870 375 138 102 708 084 787
96.21% 3.79% 0.02% 84.23%
Special resolution number 3: Financial assistance to related and inter-related company or
companies
For Against Abstain Shares voted
682 098 523 25 986 264 138 102 708 084 787
96.33% 3.67% 0.02% 84.23%
Special resolution number 4: Financial assistance for the subscription of shares to related or
inter-related companies
For Against Abstain Shares voted
676 388 978 31 695 809 138 102 708 084 787
95.52% 4.48% 0.02% 84.23%
12 May 2025
JSE Sponsor to AfroCentric
Questco Corporate Advisory Proprietary Limited
Date: 12-05-2025 01:40:00
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