14 Jul - 2 min read

Results of the General Meeting and Addendum to Agreement

Results of the General Meeting and Addendum to Agreement

ETION LIMITED
(Incorporated in the Republic of South Africa)
(Registration Number: 1987/001222/06)
(Share Code: ETO)
(ISIN: ZAE000097028)
(“Etion” or “the Company” or “the Group’’)

RESULTS OF THE GENERAL MEETING AND ADDENDUM TO AGREEMENT

ADDENDUM TO AGREEMENT

Shareholders are referred to the Category 1 disposal and withdrawal of cautionary
announcement dated 20 April 2021 released on SENS whereby Etion entered into an
agreement (“Agreement”) with Altron TMT SA Group Proprietary Limited (“Altron”) in terms
of which, Etion will sell 100% of the issued shares in Law Trusted Third Party Services
Proprietary Limited (“Disposal”).

Etion and Altron have signed an addendum to the Agreement, wherein, inter alia, the period
in which the conditions precedent must be fulfilled by 15 July 2021 has been extended to 31
August 2021.

RESULTS OF THE GENERAL MEETING

Shareholders are hereby advised that at the general meeting (“GM”) of the Company held
electronically today, 14 July at 10h00, all the resolutions to approve the Disposal were passed
by the requisite majorities of the Company’s shareholders.

Details of the results of the voting at the GM are as follows:


                                             Votes
                          Votes for         against
                         resolution      resolution                    Number of      Number of
                              as a            as a                        shares         shares
                        percentage      percentage                   voted at GM      abstained
                          of total        of total                          as a           as a
 Resolutions             number of       number of      Number of     percentage     percentage
 proposed at the            shares          shares         shares   of shares in   of shares in
 GM                    voted at GM     voted at GM    voted at GM          issue          issue
 
 Ordinary resolution
 number 1: Approval
 of the Disposal in
 terms of the JSE
 Listings
 Requirements                 99.62            0.38    424 482 021         75.21           0,05
 
 Special resolution
 number 1: Approval
 of the Disposal in
 terms of the
 Companies Act                99.62            0.38    424 482 021         75.21           0,05

Note:
Total number of shares in issue as at the date of the GM was 564 411 033.

Pretoria
14 July 2021

Transactional Sponsor and Transaction Adviser
PSG Capital

Date: 14-07-2021 03:00:00
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