eMedia shareholders approve major equity transactions, including share issuance

eMedia Holdings Limited announced that all ordinary and special resolutions were passed at its General Meeting held on Friday, August 29, 2025. Key approvals included the issuance of 18,310,630 EMH N Ordinary Shares to Venfin Media Beleggings Proprietary Limited for R59,509,547.50, and the disposal of 17,730,595 shares in eMedia Investments Proprietary Limited by Venfin in exchange for an additional 220,162,315 EMH N Ordinary Shares with a deemed aggregate value of R715,527,523.75. Shareholders also approved the EMH option to repurchase up to 18,310,630 EMH N Ordinary Shares from various parties.

The resolutions received strong support, with ordinary shares representing 81% and N ordinary shares representing 90% of the total issued shares. Ordinary Resolution Number 1, approving the Share Exchange, passed with 100% of ordinary shares voted in favour and 100% of N ordinary shares voted in favour.

Special Resolution Number 1, regarding the authority to issue subscription shares for cash, saw 100% approval from ordinary shares and 98.90% from N ordinary shares. Special Resolution Number 3, for the specific repurchase, also passed with high approval, including 99.99% of N ordinary shares voted in favour.