Airtel Africa plc
("Airtel Africa", or the "Company")
RESULT OF AGM
RESOLUTIONS PASSED AT ANNUAL GENERAL MEETING (AGM)
The Directors of Airtel Africa plc are pleased to announce that at its Annual General Meeting held on Wedneday 3 July 2024 at First Floor, 53/54 Grosvenor Street, London, W1K 3HU, United Kingdom, all the proposed resolutions as set out in the Notice of Annual General Meeting were passed on a poll of votes. The results of the poll for each resolution were as follows:
| RESOLUTION | DESCRIPTION | VOTES | % | VOTES | % | VOTES | % of ISC | VOTES |
| RESOLUTION 01 | ACCOUNTS AND REPORTS | 3,394,483,046 | 100.00% | 26,067 | 0.00% | 3,394,509,113 | 90.84% | 1,049,924 |
| RESOLUTION 02 | REMUNERATION REPORT | 3,038,332,811 | 93.18% | 222,412,772 | 6.82% | 3,260,745,583 | 87.26% | 134,813,454 |
| RESOLUTION 03 | FINAL DIVIDEND | 3,395,529,729 | 100.00% | 15,322 | 0.00% | 3,395,545,051 | 90.87% | 13,986 |
| RESOLUTION 04 | RE-ELECT SUNIL B. MITTAL | 3,183,806,695 | 93.76% | 211,727,568 | 6.24% | 3,395,534,263 | 90.87% | 24,774 |
| RESOLUTION 05 | ELECT S. TALDAR | 3,381,977,917 | 99.60% | 13,556,346 | 0.40% | 3,395,534,263 | 90.87% | 24,774 |
| RESOLUTION 06 | RE-ELECT J. PAUL | 3,381,905,162 | 99.60% | 13,629,101 | 0.40% | 3,395,534,263 | 90.87% | 24,774 |
| RESOLUTION 07 | RE-ELECT A. GREEN | 3,338,115,086 | 98.31% | 57,419,177 | 1.69% | 3,395,534,263 | 90.87% | 24,774 |
| RESOLUTION 08 | ELECT P.ARKWRIGHT | 3,394,985,002 | 99.98% | 549,261 | 0.02% | 3,395,534,263 | 90.87% | 24,774 |
| RESOLUTION 09 | RE-ELECT A.AJUMOGOBIA | 3,365,973,786 | 99.13% | 29,560,477 | 0.87% | 3,395,534,263 | 90.87% | 24,774 |
| RESOLUTION 10 | RE-ELECT T.GEBREYES | 3,329,319,053 | 98.05% | 66,215,210 | 1.95% | 3,395,534,263 | 90.87% | 24,774 |
| RESOLUTION 11 | RE-ELECT A. POUTIAINEN | 3,384,897,232 | 99.69% | 10,637,031 | 0.31% | 3,395,534,263 | 90.87% | 24,774 |
| RESOLUTION 12 | RE-ELECT R. RAJAGOPAL | 3,340,218,847 | 98.37% | 55,315,416 | 1.63% | 3,395,534,263 | 90.87% | 24,774 |
| RESOLUTION 13 | RE-ELECT A. GUPTA | 3,392,027,776 | 99.90% | 3,506,487 | 0.10% | 3,395,534,263 | 90.87% | 24,774 |
| RESOLUTION 14 | RE-ELECT SHRAVIN B MITTAL | 3,392,019,633 | 99.90% | 3,514,630 | 0.10% | 3,395,534,263 | 90.87% | 24,774 |
| RESOLUTION 15 | REAPPOINT AUDITOR | 3,395,448,087 | 100.00% | 88,125 | 0.00% | 3,395,536,212 | 90.87% | 22,825 |
| RESOLUTION 16 | REMUNERATION OF AUDITOR | 3,395,508,860 | 100.00% | 21,121 | 0.00% | 3,395,529,981 | 90.87% | 29,056 |
| RESOLUTION 17 | POLITICAL DONATIONS | 3,256,140,232 | 99.86% | 4,673,002 | 0.14% | 3,260,813,234 | 87.27% | 134,745,803 |
| RESOLUTION 18 | ALLOT SHARES IN COMPANY | 3,255,086,662 | 99.82% | 5,734,043 | 0.18% | 3,260,820,705 | 87.27% | 134,738,332 |
| RESOLUTION 19 | PRE-EMPTION RIGHTS | 3,260,425,368 | 99.99% | 380,520 | 0.01% | 3,260,805,888 | 87.27% | 134,753,149 |
| RESOLUTION 20 | MAKE MARKET PURCHASES | 3,245,283,773 | 99.54% | 15,011,310 | 0.46% | 3,260,295,083 | 87.25% | 135,263,954 |
| RESOLUTION 21 | CALL GENERAL MEETING | 3,375,325,724 | 99.40% | 20,218,811 | 0.60% | 3,395,544,535 | 90.87% | 14,502 |
Subject to rule 9.2.2E of the UK Listing Rules, the election of the Independent non-executive directors must be approved by a majority vote of both the independent shareholders (i.e. shareholders of the Company, other than the Company's controlling shareholder, who are entitled to vote on the election of Directors), and the shareholders as a whole. Therefore, the below table displays the votes for the election of the Independent non-executive directors excluding the votes of the controlling shareholder:
| INDEPENDENT VOTE | | | | | | | | |
| RESOLUTION | DESCRIPTION | VOTES | % | VOTES | % | VOTES | % of ISC | VOTES |
| RESOLUTION 07 | RE-ELECT A. GREEN | 1,233,006,271 | 95.55% | 57,419,177 | 4.45% | 1,290,425,448 | 79.09% | 24,774 |
| RESOLUTION 08 | ELECT P.ARKWRIGHT | 1,289,876,187 | 99.96% | 549,261 | 0.04% | 1,290,425,448 | 79.09% | 24,774 |
| RESOLUTION 09 | RE-ELECT A.AJUMOGOBIA | 1,260,864,971 | 97.71% | 29,560,477 | 2.29% | 1,290,425,448 | 79.09% | 24,774 |
| RESOLUTION 10 | RE-ELECT T.GEBREYES | 1,224,210,238 | 94.87% | 66,215,210 | 5.13% | 1,290,425,448 | 79.09% | 24,774 |
| RESOLUTION 11 | RE-ELECT A. POUTIAINEN | 1,279,788,417 | 99.18% | 10,637,031 | 0.82% | 1,290,425,448 | 79.09% | 24,774 |
| RESOLUTION 12 | RE-ELECT R. RAJAGOPAL | 1,235,110,032 | 95.71% | 55,315,416 | 4.29% | 1,290,425,448 | 79.09% | 24,774 |
Notes:
1. Full details of the resolutions are set out in the Notice of Annual General Meeting dated 7 June 2024 which is available on the Investor area of Company's website at www.airtel.africa.
2. Resolutions 1 to 18 were ordinary resolutions, requiring more than 50% of shareholders' votes to be cast in favour of the resolutions. Resolutions 19 to 21 were special resolutions, requiring at least 75% of shareholders' votes to be cast in favour of the resolutions.
3. Votes 'For' include those votes giving the Chairman discretion.
4. Every shareholder has one vote for every ordinary share held. As at 6.30pm on 1 July 2024, the issued share capital of the Company consisted of 3,736,669,688 ordinary shares. The Company holds no shares in Treasury. Therefore, the total number of voting rights in Airtel Africa as at 1 July 2024 was 3,736,669,688.
5. A "Vote withheld" is not a vote in law and is not counted in the calculation of the percentage of shares voted "For" or "Against" any resolution nor in the calculation of the proportion of "Total issued share capital instructed" for any resolution.
6. A copy of resolutions 18 and 21 passed at the AGM will shortly be submitted to the National Storage Mechanism and will be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism
-ENDS-
Enquiries
| Airtel Africa - Investor Relations Alastair Jones |
+44 7464 830 011 +44 207 493 9315 |
|
|
|
| | |
| Airtel Africa - Group Company Secretary Simon O'Hara
|
+44 207 493 9315
|
About Airtel Africa
Airtel Africa is a leading provider of telecommunications and mobile money services, with a presence in 14 countries in Africa, primarily in East Africa and Central and West Africa.
Airtel Africa offers an integrated suite of telecommunications solutions to its subscribers, including mobile voice and data services as well as mobile money services both nationally and internationally.
The Group aims to continue providing a simple and intuitive customer experience through streamlined customer journeys.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
