Results Of The Annual General Meeting
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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 2021 annual general meeting of the Company held at 10:00 on 14 June 2023 at 2nd Floor, Building 11, Design Quarter District, Leslie Avenue, Fourways, 2021, Johannesburg (“AGM”), were 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 | 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:
Reappointment of External Auditor and Designated Audit Partner |
99.99% | 0.01% | 957 869 821 | 86.78% | 0% |
| Ordinary resolution number 2.1:
Re-election of Director who retires by rotation – Ms Zanele Radebe |
99.99% | 0.01% | 957 869 821 | 86.78% | 0% |
| Ordinary resolution number 2.2:
Re-election of Director who retires by rotation – Mr Vuyo Ngonyama |
99.99% | 0.01% | 957 869 821 | 86.78% | 0% |
| Ordinary resolution number 3.1:
Re-election of Audit and Risk Committee member – Ms Malande Tonjeni |
99.99% | 0.01% | 957 869 821 | 86.78% | 0% |
| Ordinary resolution number 3.2:
Re-election of Audit and Risk Committee member – Mr Patrick Mngconkola |
99.99% | 0.01% | 957 869 821 | 86.78% | 0% |
| Ordinary resolution number 3.3:
Re-election of Audit and Risk Committee member – Ms Zanele Radebe |
99.99% | 0.01% | 957 869 821 | 86.78% | 0% |
| Ordinary resolution number 4.1:
Non-binding endorsement of Efora’s Remuneration Policy |
99.52% | 0.48% | 957 869 821 | 86.78% | 0% |
| Ordinary resolution number 4.2:
Non-binding endorsement of the Remuneration Implementation Report |
99.99% | 0.01% | 957 869 821 | 86.78% | 0% |
| Ordinary resolution number 5:
General authority to Directors to allot and issue authorised but unissued ordinary shares |
99.99% | 0.01% | 957 869 821 | 86.78% | 0% |
| Ordinary resolution number 6:
General authority to issue shares for cash |
99.99% | 0.01% | 957 869 821 | 86.78% | 0% |
| Ordinary resolution number 7:
Authority to sign all required documentation |
99.99% | 0.01% | 957 869 821 | 86.78% | 0% |
| Special resolution number 1:
General authority to acquire (repurchase) shares |
0.02% | 99.98% | 957 869 821 | 86.78% | 0% |
| Special resolution number 2:
Remuneration of Non-executive Directors |
99.99% | 0.01% | 957 869 821 | 86.78% | 0% |
| Special resolution number 3:
General approval to provide financial assistance for subscription or purchase of ordinary shares in related or interrelated entities in terms of section 44 of the Companies Act |
99.99% | 0.01% | 957 869 821 | 86.78% | 0% |
| Special resolution number 4:
Direct or indirect financial assistance (“financial assistance” will herein have the meaning attributed to it in section 45(1) of the Companies Act) to any company related or interrelated to the Company or to any juristic person who is a member of or related to any such companies |
99.99% | 0.01% | 957 869 821 | 86.78% | 0% |
Note:
*Total number of shares in issue as at the date of the AGM was 1,103,834,635.
The Efora 2021 AGM presentation is available on the Efora website at https://www.eforaenergy.com/wp-content/uploads/2023/06/Efora-AGM-Presentation-14-June-2023-Final.pdf.
Johannesburg
15 June 2023
Sponsor
PSG Capital
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