AECI LIMITED
Incorporated in the Republic of South
Africa
(Registration number: 1924/002590/06)
Share code: AFE ISIN:
ZAE000000220
Hybrid code: AFEP ISIN: ZAE000000238
Bond company code: AECI
LEI: 3789008641F1D3D90E85
(AECI or the company)
NO CHANGE STATEMENT, AVAILABILITY OF
AFS AND GUARANTORS’ AFS, UPDATE TO INFORMATION INCORPORATED BY
REFERENCE, NOTICE OF AGM, CHANGES TO THE BOARD AND BOARD
COMMITTEES
No change statement
With regard to the audited results of the company for the year
ended 31 December 2022, shareholders
and noteholders are advised that the company’s summarised annual
financial statements, which form part of the notice of the annual
general meeting, have been distributed to shareholders today,
Friday, 28 April 2023 and contain no
modifications to the audited results which were published on SENS
on 1 March 2023. We further confirm
that there have been no changes to the auditor’s report which was
referenced in the company’s audited results announcement and made
available at the company’s registered office on the same date as
the release of the audited results.
Annual financial statements
The group annual financial statements (AFS) for the year ended
31 December 2022 are available at
https://www.ftp.aeciworld-online.com/reports/ar-2022/pdf/AECI2022fullafs.pdf
and are also available for inspection at the company’s registered
office.
Noteholders should note that the AFS for each of the guarantors
(namely AECI Mining Limited, AECI Mauritius Ltd, Chemical Services
Limited and Much Asphalt Proprietary Limited) to the company’s
Domestic Medium Term Note Programme for the year ended
31 December 2022 (guarantors’ AFS) will be available for
inspection at the company’s registered office from today.
Noteholders are further advised that the audit report on the AFS
for the year ended 31 December 2022
of each of the guarantors was unqualified, with no modifications
applicable.
Update to information incorporated by
reference
Noteholders are further advised that pursuant to paragraphs 4.21
and 6.55 of the JSE Debt Listings Requirements, the updated King IV
application statement, incorporated by reference in the company’s
ZAR 5 000 000 000 Domestic Medium
Term Note Programme dated 4 September
2018 (the King IV M report), has been
updated.
The King IV report is available for inspection at the registered
office of AECI and on AECI’s website at:
https://investor.aeciworld.com/governance
Notice of annual general meeting
Notice is hereby given that the 99th annual general meeting of
AECI shareholders will be held on the ground floor, AECI Place, 24
The Woodlands, Woodlands Drive, Woodmead, Sandton on Tuesday,
30 May 2023 at 09:00 (SA time) to
transact the business as stated in the annual general meeting
notice that is available at
https://www.ftp.aeciworld-online.com/reports/ar-2022/pdf/NoticeofAGM2022.pdf
Salient dates
| Issuer name |
AECI Limited |
| Type of instrument |
Ordinary shares |
| ISIN |
ZAE000000220 |
| JSE share code |
AFE |
| Meeting type |
Annual general meeting |
| Meeting venue |
Ground floor, AECI Place, 24 The
Woodlands, Woodlands Drive, Woodmead, Sandton |
| Record date – to determine which
shareholders are entitled to receive the notice of meeting |
Friday, 14 April 2023 |
| Publication/posting date |
Friday, 28 April 2023 |
| Last day to trade – last day to
trade to determine eligible shareholders that may attend, speak and
vote at the meeting |
Tuesday, 16 May 2023 |
| Record date – record date to
determine eligible shareholders that may attend, speak and vote at
the meeting |
Friday, 19 May 2023 |
| Meeting deadline date (for
administrative purposes, forms of proxy for the meeting to be
lodged) * |
09:00 (SA time) on Friday, 26 May
2023 |
| Meeting date |
09: 00 (SA time) on Tuesday, 30
May 2023 |
| Publication of results |
Wednesday, 31 May 2023 |
| Web site link |
aeci-investor.squarespace.com/ |
* Any proxies not lodged by this time must be handed to the
Chairman of the annual general meeting or, failing him, the Group
Company Secretary immediately prior to such proxy exercising
his/her right to vote at the annual general meeting.
Changes to the Board and Board
Committees
Mr Gomwe, an independent non-executive director, who retires by
rotation in terms of clause 14.3 of the MOI, will not stand for
re-election and will retire from the Board immediately following
the conclusion of the AGM. Mr Gomwe will also resign as a member of
the Audit, Remuneration and HR, Nominations, Governance and
Director Affairs Committees.
Shareholders and noteholders are referred to the SENS
announcement released on 26 April
2023, regarding the resignation of the chief financial
officer (CFO) and are advised that the CFO has also resigned as a
member of the Risk Committee.
Woodmead, Sandton
28 April 2023
Equity and Debt Sponsor:
Rand Merchant Bank (A division of
FirstRand Bank Limited)