AFROCENTRIC INVESTMENT CORPORATION LIMITED – Results of General Meeting

2019/01/10 15:59:00
SENS announcement for JSE listed company: ACT
                        

ACT 201901100028A
Results of General Meeting

AFROCENTRIC INVESTMENT CORPORATION LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1988/000570/06)
JSE Code: ACT
ISIN: ZAE000078416
(‘AfroCentric’ or ‘the Company’)

RESULT OF GENERAL MEETING (‘GM’)

1. Introduction

AfroCentric shareholders (‘Shareholders’) are referred to the announcements published by the
Company on 9 November 2018 and 16 November 2018, as well as the circular dated 9 November 2018
(‘Circular’) regarding the acquisition of the remaining 74% interest in Activo Health Proprietary Limited
(‘Activo Transaction’).

2. Results of the GM

Shareholders are advised that:

– the total number of shares in issue as at the date of the GM was 554 377 328;
– the total number of shares that were present in person/represented by proxy at the AGM was
400 914 430 shares being 72% of the total number of shares in issue;
– 90 870 040 shares were not eligible for voting due to being a related party to the acquisition: and
– Abstentions are represented below as a percentage of total number of shares in issue.

Details of the results of the voting are as follows:
Resolution
For Against Abstained Shares voted

Ordinary resolution 309 983 926 0 60 464 310 044 390
number 1 – Approval of the 100% 0.00% 0.01%
Acquisition Agreement

Ordinary resolution 309 983 926 0 60 464 310 044 390
number 2 – To allow a 100% 0.00% 0.01%
director and company
secretary to do all such
things and to sign all such
documents as may be
necessary to implement the
resolution set out above

3. CONDITIONS PRECEDENT

Shareholders are referred to paragraph 2.2.1.1 of the Circular where the outstanding conditions
precedent to the Activo Transaction were noted. Shareholders are advised that since the distribution of
the Circular the following condition precedent has been fulfilled:

• The requisite Shareholder approval.

Shareholders will be informed in due course regarding the fulfillment or waiver of the remaining condition
precedent, being necessary approval from the South African competition authorities.

.

Johannesburg
10 January 2019

Sponsor
Sasfin Capital
(a member of the Sasfin Group)

Date: 10/01/2019 03:59:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (‘JSE’).
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