03 Sep - 4 min read

Results of the Annual General Meeting of Capital Appreciation Limited held on 2 September 2021

Results of the Annual General Meeting of Capital Appreciation Limited held on 2 September 2021

Capital Appreciation Limited
Incorporated in the Republic of South Africa
(Registration number 2014/253277/06)
Share code: CTA
ISIN: ZAE000208245
(“CAPPREC" or “the Company”)


RESULTS OF THE ANNUAL GENERAL MEETING OF CAPITAL APPRECIATION LIMITED
HELD ON 2 SEPTEMBER 2021

Shareholders are advised that the results of the business conducted at the annual general
meeting held virtually on Thursday, 2 September 2021 are as follows:

                                                           Percentage         Number of
                                                                                 shares
 Total number of shares that can be exercised at the                      1 310 000 000
 meeting
 Total number of shares present/represented including         73.42%        961 784 778
 proxies at the meeting as % of voteable shares
 Total number of shares present/represented including         73.42%        961 784 778
 proxies at the meeting as % of issued shares
 Total number of members present in person                                            6

 Issued Shares                                                            1 310 000 000


Details of the results of voting at the annual general meeting are as follows:

 Resolution proposed                  For      Against       Abstain*                Shares Voted
 Ordinary resolution 1       960 901 063             79       883 636                 960 901 142
 Acceptance of financial            100%         0.00%          0.07%           (1)        73.35%
 statements                                                                     (2)
                                                                0.07%                     73.35%

 Ordinary resolution         960 901 063             79       883 636                 960 901 142
 2.1                                                                             
                                    100%         0.00%          0.07%           (1)        73.35%
 E Kruger, be and is
 hereby elected as a                                            0.07%           (2)        73.35%
 director
 Ordinary resolution         960 901 063             79       883 636                 960 901 142
 2.2                                100%         0.00%          0.07%           (1)        73.35%
 R Maqache, be and is                                                           (2)
                                                                0.07%                     73.35%
 hereby elected as a
 director
 Ordinary resolution         960 901 063             79       883 636                 960 901 142
 2.3                                100%         0.00%          0.07%            (1)      73.35%
 B Sacks, be and is                                                              (2)
                                                                0.07%                     73.35%
 hereby elected as a
 director
 Ordinary resolution         960 901 063             79       883 636                 960 901 142
 2.4                                100%         0.00%          0.07%           (1)        73.35%
 V Sekese, be and is                                                            (2)
                                                                0.07%                     73.35%
 hereby elected as a
 director
 Ordinary resolution         960 901 063             79       883 636                 960 901 142
 3.1                                100%         0.00%          0.07%           (1)        73.35%
 V Sekese, be and is                                                            (2)
                                                                0.07%                     73.35%
 hereby re-elected as a
 member and Chairman
 of the Company’s Audit
 and Risk and
 Opportunity committee
Ordinary resolution        960 901 063              79        883 636                 960 901 142
3.2                                                                
                                100%             0.00%          0.07%           (1)       73.35%
B Bulo, be and is
                                                                   
hereby re-elected as a                                          0.07%           (2)       73.35%
member of the
Company’s Audit and
Risk and Opportunity
committee
Ordinary resolution        952 717 397    8 183 745           883 636                  960 901 142
3.3                                                                
                               99.15%        0.85%              0.07%           (1)        73.35%
R Morar, be and is
                                                                   
hereby re-elected as a                                          0.07%           (2)        73.35%
member of the
Company’s Audit and
Risk and Opportunity
committee
Ordinary resolution 4      960 901 063          79            883 636                 960 901 142
Reappointment of                100%         0.00%              0.07%            (1)       73.35%
external auditors                                                      
                                                                0.07%            (2)       73.35%
Ordinary resolution 5      952 168 444    8 715 698           900 636                 960 884 142
General authority to           99.09%        0.91%              0.07%            (1)       73.35%
issue shares for cash                                              
                                                                0.07%            (2)       73.35%
Ordinary resolution 6      882 986 321   28 361 923        50 436 534                 911 348 244
Non-binding advisory           96.89%        3.11%              3.85%            (1)       69.57%
vote on Remuneration                                               
                                                               3.85%             (2)       69.57%
Policy


Ordinary resolution 7      903 050 396   57 833 746          900 636                  960 884 142
Non-binding advisory           93.98%        6.02%             0.07%              (1)      73.35%
vote on Remuneration                                               
                                                               0.07%              (2)      73.35%
Implementation Report
Special resolution 1       960 887 063       9 079           888 636                  960 896 142
Non-executive directors’        100%         0.00%             0.07%              (1)      73.35%
fees                                                               
                                                               0.07%                      73.35%

Special resolution 2       952 705 397    8 195 745          883 636                  960 901 142
Repurchase of the              99.15%        0.85%             0.07%              (1)      73.35%
Company’s ordinary                                                 
                                                              0.07%               (2)      73.35%
shares
 Special resolution 3       960 901 063             79      883 636                   960 901 142
 Financial assistance to           100%         0.00%         0.07%               (1)      73.35%
 subsidiaries and other                                                     
                                                              0.07%               (2)      73.35%
 related and interrelated
 entities


 Special resolution 4       870 857 137    70 032 005    20 895 636                   940 889 142
 Approval of issue of            92.56%         7.44%         1.60%               (1)      71.82%
 shares pursuant to the                                                     
                                                              1.60%               (2)      71.82%
 Plan in terms of section
 41(1) of the Companies
 Act


(1) Disclosed as a percentage of the voteable shares
(2) Disclosed as a percentage of the total issued capital

*Abstentions are represented as a percentage of total issued ordinary shares.

The special resolutions will, to the extent necessary, be filed and registered with the Companies
and Intellectual Property Commission.

Johannesburg
3 September 2021

Sponsor: Investec Bank Limited

Date: 03-09-2021 12:16:00
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