10 Aug - 3 min read

Results of Annual General Meeting ("AGM")

Results of Annual General Meeting ("AGM")

VISUAL INTERNATIONAL HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2006/030975/06)
ISIN code: ZAE000187407       Share code: VIS
(“the Company”)


RESULTS OF ANNUAL GENERAL MEETING (“AGM”)


Shareholders are advised that, at the AGM of Visual held on Friday, 6 August 2021, convened in terms
of the notice of AGM contained in the Annual Report for the year ended 28 February 2021, the voting
information is as follows:

Number of ordinary shares represented at the AGM                                      159 350 250
Total number of issued ordinary shares                                                401 265 547
Percentage of ordinary shares represented at the AGM                                       39.71%

The resolutions proposed at the AGM, together with the percentage of votes carried for and against
each resolution, are set out below:

                                                                 Number of votes
                                                    For      Against        Abstain      Total Votes
                                                     %            %    (% of issued       (excluding
                                                                              share     abstentions)
                                                                           capital)
 Ordinary Resolution Number 1 –            159 350 250             -              -      159 350 250
 Presentation and acceptance of                  100%            0%             0%             100%
 annual financial statements

 Ordinary Resolution Number 2 –            159 350 250              -             -      159 350 250
 Director appointment – N Zuma                   100%             0%            0%             100%

 Ordinary Resolution Number 3 –            159 350 250              -             -      159 350 250
 Director appointment – Ms ZM                    100%             0%            0%             100%
 Mbokazi-Nkambule

 Ordinary Resolution Number 4 –            159 350 250              -             -      159 350 250
 Director retirement and re-election:            100%             0%            0%             100%
 Dr R Richards

 Ordinary Resolution Number 5 –            159 350 250              -             -      159 350 250
 Re-appointment and remuneration of              100%             0%            0%             100%
 auditors

 Ordinary Resolution Number 6 –            159 350 250              -             -      159 350 250
 Re-appointment of Audit and Risk                100%             0%            0%             100%
 Committee member: CT Vorster

 Ordinary Resolution Number 7 –            159 350 250              -             -      159 350 250
 Appointment of Audit and Risk                   100%             0%            0%             100%
 Committee member: LT Matlholwa
 
 Ordinary Resolution Number 8 –            159 350 250              -             -      159 350 250
 Appointment of Audit and Risk                   100%             0%            0%             100%
 Committee member: Dr R Richards

 Ordinary resolution Number 9 -            159 350 250              -             -      159 350 250
 Endorsement of Visual’s Remuneration            100%             0%            0%             100%
 Policy

 Ordinary Resolution Number 10 –           159 350 250              -            -       159 350 250
 Endorsement of the implementation of            100%             0%           0%              100%
 Visual’s Remuneration Policy

 Special Resolution Number 1 –             159 350 250              -            -       159 350 250
 General authority to allot and issue            100%             0%           0%              100%
 shares for cash

 Special Resolution Number 2 –             159 350 250              -            -       159 350 250
 Authority to issue shares, securities           100%             0%           0%              100%
 convertible into shares or rights that
 may exceed 30% of the voting power
 of the current issued share capital

 Special Resolution Number 3 –             159 350 250              -            -       159 350 250
 Non-executive directors’ remuneration           100%             0%           0%              100%

 Special Resolution Number 4 –             159 350 250              -            -       159 350 250
 General authority to provide financial          100%             0%           0%              100%
 assistance for the subscription and/or
 purchase of securities in the company
 or in related or inter-related
 companies in terms of section 44 of
 the Companies Act

 Special resolution number 5 –             159 350 250              -            -       159 350 250    
 General authority to provide financial          100%             0%           0%              100% 
 assistance to related and inter-related
 companies and corporations in terms
 of section 45 of the Companies Act


By order of the Board.

CAPE TOWN
10 August 2021

Designated Advisor
AcaciaCap Advisors Proprietary Limited

Date: 10-08-2021 05:40:00
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