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AFROCENTRIC INVESTMENT CORPORATION LIMITED - Results of General Meeting

10 January 2019 - 14:59 PM
ACT
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)

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