AECI shareholders approve resolutions at annual general meeting

AECI Limited (JSE:AFE) announced the successful passage of all proposed ordinary and special resolutions at its Annual General Meeting (AGM) held on Tuesday, May 27, 2025. Voting statistics confirm strong shareholder support for the re-appointment of auditors, election of directors and approval of director's remuneration. All director re-elections passed with over 99% support from shareholders, while the non-binding advisory resolutions regarding remuneration and implementation report secured 85.08% and 90.08% votes, respectively. Special resolutions relating to director's fees were also approved. AECI's total issued share capital includes 105,517,780 listed ordinary shares and 3,000,000 listed cumulative preference shares. The announcement was made in Woodmead, Sandton, on May 28, 2025. One Capital serves as the Equity Sponsor, with Questco Corporate Advisory acting as the Debt Sponsor.