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Results of the Annual General Meeting

EFORA ENERGY LIMITED

(Incorporated in the Republic of South Africa)

(Registration number 1993/000460/06)

JSE Share Code: EEL

ISIN:  ZAE000248258

(“Efora” or “the Company”)

RESULTS OF THE ANNUAL GENERAL MEETING

Shareholders are hereby advised that the results of the voting at the annual general meeting of the Company held at 10h00 today, Friday, 16 August 2019 at Efora Energy Limited, 1st Floor, 12 Culross Road, Bryanston (“AGM”), are as follows:

Resolutions proposed at the AGM Votes for resolution as a percentage of total number of shares voted at AGM Votes against resolution as a percentage of total number of shares voted at AGM Number of shares voted at AGM per resolution Number of shares voted at AGM as a percentage of shares in issue Number of shares abstained as a percentage of shares in issue
Ordinary resolution number 1: Confirmation of directors’ appointment – Ms Zanele Radebe 99.997% 0.003% 959 031 898 86.88% 0.04%
Ordinary resolution number 2: Confirmation of directors’ appointment – Mr Vuyo Ngonyama 99.997% 0.003% 959 031 898 86.88% 0.04%
Ordinary resolution number 3: Confirmation of executive directors’ appointment – Ms Tariro Gadzikwa 99.997% 0.003% 959 031 898 86.88% 0.04%
Ordinary resolution number 4: Reappointment of external auditors 99.997% 0.003% 959 031 898 86.88% 0.04%
Ordinary resolution number 5: Re-election of a director who retires by rotation – Mr Boas Seruwe 99.98% 0.02% 959 031 898 86.88% 0.04%
Ordinary resolution number 6: Re-election of a director who retires by rotation – Mr Patrick Mngconkola 99.98% 0.02% 959 031 898 86.88% 0.04%
Ordinary resolution number 7: Election of audit and risk committee members – Ms Zanele Radebe 99.99% 0.01% 959 031 898 86.88% 0.04%
Ordinary resolution number 8: Election of audit and risk committee

members – Mr Vuyo Ngonyama

99.99% 0.01% 959 031 898 86.88% 0.04%
Ordinary resolution number 9: Re-election of

audit and risk committee

members – Ms Thuto Masasa

99.99% 0.01% 959 031 898 86.88% 0.04%
Ordinary resolution number 10: Endorsement of remuneration policy 99.51% 0.49% 959 030 799 86.88% 0.04%
Ordinary resolution number 11: Endorsement of remuneration implementation report 99.53% 0.47% 959 030 799 86.88% 0.04%
Ordinary resolution number 12: General authority to issue shares 0.60% 99.40% 959 031 898 86.88% 0.04%
Ordinary resolution number 13: General authority to issue shares for cash 0.58% 99.42% 959 031 898 86.88% 0.04%
Ordinary resolution number 14: Authority

to sign all required

documents

99.99% 0.01% 959 031 898 86.88% 0.04%
Special resolution number 1: General

authority to acquire

(repurchase) shares

99.51% 0.49% 959 029 478 86.88% 0.05%
Special resolution number 2: Remuneration of Non-executive Directors 99.97% 0.03% 959 061 511 86.88% 0.04%
Special resolution number 3: Financial assistance for acquisition of shares in a related or inter- related company 99.99% 0.01% 959 062 610 86.88% 0.04%
Special resolution number 4: Intercompany financial assistance 99.97% 0.03% 959 062 610 86.88% 0.04%

Note:

Total number of shares in issue as at the date of the AGM was 1 103 834 635.

Johannesburg

16 August 2019

Sponsor

PSG Capital

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