26 Aug - 4 min read

Results of Annual General Meeting

Results of Annual General Meeting

 Brikor Limited
 (Incorporated in the Republic of South Africa)
 (Registration number 1998/013247/06)
 JSE code: BIK
 ISIN: ZAE000101945
 (“Brikor” or “the company”)

 RESULTS OF ANNUAL GENERAL MEETING

 Shareholders are advised that, at the annual general meeting of Brikor held on 25
 August 2021, all resolutions as set out in the notice of the annual general meeting
 passed with the requisite number of votes save for ordinary resolution 8 and
 special resolutions 1,2and 3 which failed.

 In this regard, Brikor confirms that the voting statistics of the annual general
 meeting were as follows:
                                                      %       Number
 Total number of shares in issue that
 could be voted at the meeting                        100     838 242 031

 Total number of shares present/
 represented at the meeting including
 proxies                                                  88      740 350 119

                         Votes in
                           favour                 Votes             Shares      Absten-
                                        %       against       %      voted        tions   %
Ordinary              439 865 068   59.41   300 472 937   40.59    740 338       12 114   0
 resolution number                                                     005
 1 – Re-appointment
 of Ms Mamsy Mokate
 as independent
 non- executive
 director
Ordinary              439 865 068   59.41   300 472 937   40.59    740 338       12 114   0
 resolution number                                                     005
 2 – Appointment of
 Ms Funeka Mtsila
 as independent
 non-executive
 director
Ordinary              598 694 179   80.87   141 643 826   19.13    740 338       12 114   0
 resolution number                                                     005
 3 – Appointment of
 Nexia SAB&T as
 external auditors
Ordinary              439 874 168   59.42   300 463 837   40.58    740 338       12 114   0
resolution number                                                      005
4
Appointment of Mr
Steve Naude as
member and
Chairman of the
audit and risk
committee
Ordinary              439 865 068   59.41   300 472 937   40.59    740 338       12 114   0
resolution number                                                      005
5
Appointment of Ms
Mamsy Mokate as
member of the
audit and risk
committee
Ordinary             439 865 068   59.41   300 472 937   40.59   740 338    12 114      0
resolution number                                                    005
6
Appointment of Ms
Funeka Mtsila as
member of the
audit and risk
committee
Ordinary             439 575 068   59.37   300 762 937   40.63   740 338    12 114      0
resolution number                                                    005
7
Authorised and
unissued ordinary
shares under the
control of the
directors
Ordinary             439 865 068   59.41   300 472 937   40.59   740 338    12 114      0
resolution number                                                    005
8
General authority
to allot and issue
ordinary shares
for cash
Ordinary             439 051 816   59.34   300 786 189   40.66   739 838   512 114   0.06
resolution number                                                    005
9
Non-binding
endorsement of
Brikor’s
remuneration
policy
Ordinary             439 075 068   59.35   300 762 937   40.65   739 838   512 114   0.06
resolution number                                                    005
10
Non-binding
endorsement of the
remuneration
implementation
report
Special resolution   439 885 068   59.42   300 452 937   40.58   740 338    12 114      0
number 1                                                             005
General authority
to the company to
repurchase its own
shares
Special resolution   439 874 168   59.42   300 463 837   40.58   740 338    12 114      0
number 2                                                             005
Section 45
Authority to
provide financial
assistance to any
company related or
inter-related to
the company
Special resolution   439 865 068   59.41   300 472 937   40.59   740 338    12 114      0
number 3                                                             005
Section 44
Authority to
provide financial
assistance to any
company related or
inter-related to
the company
Ordinary              439 894 168   59.42   300 443 837   40.58   740 338     12 114   0
resolution number                                                     005
11
Authorisation of
the directors to
implement the
special and
ordinary
resolutions


 In view of the 40.65% votes by Brikor shareholders against Ordinary resolutions 9
 and 10, Brikor invites those shareholders who voted against the remuneration
 policy (“dissenting shareholders”) to engage with the Company as follows:

 1)    a telephone conference has been arranged for Tuesday, 9 September 2021 at
       10:00 (SA time);

 2)    all dissenting shareholders should confirm their participation with the
       company secretary at e-mail: melinda@fusioncorp.co.za by no later than close
       of business on Monday, 8 September 2021. Dial-in details for the telephone
       conference will then be provided; and

 3)    dissenting shareholders are further invited to forward their written
       concerns/questions on the remuneration policy to the company secretary by
       close of business on Monday, 8 September 2021.


 For and on behalf of the Board

 Nigel
 26 August 2021

 Designated adviser
 Exchange Sponsors

Date: 26-08-2021 12:11:00
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