Africa Bitcoin Corporation Limited · JSE:BAC
Africa Bitcoin — Altvest Capital — Shareholder Meeting (July 2023)
23 slides from Africa Bitcoin's shareholder meeting presentation, Jul 21, 2023
Slide 1: Annual General Meeting
Annual General Meeting 21 July 2023 @ 11H00 ALTVEST CAPITAL LIMITED (Registration No. 2021/540736/06)
Slide 2: Summary of Events
SUMMARY OF EVENTS Board reconfigured to be King IV compliant Koshiek Karan resigns as Chairman and board member of Altvest Capital Ltd. All ordinary and special resolutions were passed with overwhelming support We are thrilled to announce Christo Geyer joins the Altvest board as an Executive Directo
Slide 3: New Chair Appointments and Board Members to Be Announced
NEW CHAIR APPOINTMENTS AND BOARD MEMBERS WILL BE ANNOUNCED ON THE 31ST OF JULY 2023
Slide 4: Practical Arrangements Relating to This Annual General Meeting
PRACTICAL ARRANGEMENTS RELATING TO THIS ANNUAL GENERAL MEETING • Questions specific to resolutions: Shareholders will be given sufficient opportunity to ask questions after each resolution is tabled. If you have a question on the specific resolution, please raise your virtual hand. The Company Secre
Slide 5: Agenda
AGENDA 1. NOTICE OF MEETING 4. OVERVIEW OF ALTVEST 7. OTHER BUSINESS Chairman Warren Wheatley Chairman and Warren Wheatley 2. QUORUM 5. PRESENTATION OF 8. VOTING RESULTS Chairman ANNUAL FINANCIAL Registry STATEMENTS FOR THE YEAR ENDING 28 9. CLOSING 3. PROCEEDINGS OF Chairman MEETING FEBRUARY 2023 C
Slide 6: Overview of Altvest: Key Figures
OVERVIEW OF ALTVEST Key Figures as of 28 February 2023 Altvest is an investment holding company listed on both the Cape Town Stock Exchange and A2X, through which a diverse group of investors can gain access to alternative and bespoke investment opportunities. We are a disruptive R58 million TWO Mar
Slide 7: How It Works
HOW IT WORKS: ALTVEST ACQUIRES STAKES IN QUALIFYING ENTITIES, FUNDED BY LISTING PREFERRED ORDINARY SHARES: • The preferred ordinary shares represent the economic value of the underlying investment opportunities E.g., proceeds from Listed Pref Ordinary Share 2 were used to fund the acquisition of inv
Slide 8: Key Milestones Achieved in the Past Year
KEY MILESTONES ACHIEVED IN THE PAST YEAR December 2022 Listing of Bambanani December 2022 First tranche of Bambanani bookbuild listed and second tranche of bookbuild commenced December 2022 The approval of our Domestic April 2023 Medium Term Note Program, Launch of Altvest Retirement May 2022 for th
Slide 9: Community Impact
COMMUNITY IMPACT The market is evolving, as people get connected though social media, so do ideas. We believe a strong online presence is a prerequisite if you plan to build a disruptive network of investors in the retail space. As customers turn to the internet as their source of education, enterta
Slide 10: Agenda
AGENDA 1. NOTICE OF MEETING 4. OVERVIEW OF ALTVEST 7. OTHER BUSINESS Chairman Warren Wheatley Chairman and Warren Wheatley 2. QUORUM 5. PRESENTATION OF 8. VOTING RESULTS Chairman ANNUAL FINANCIAL Registry STATEMENTS FOR THE YEAR ENDING 28 9. CLOSING 3. PROCEEDINGS OF Chairman MEETING FEBRUARY 2023 C
Slide 11: Presentation of the Annual Financial Statements
PRESENTATION OF THE ANNUAL FINANCIAL STATEMENTS The audited annual financial statements of the Company, including the reports of the directors for the year ended 28 February 2023, are presented for shareholders to consider. The annual report of the Company, containing the complete audited annual fin
Slide 12: Key Financial Highlights
KEY FINANCIAL HIGHLIGHTS TWO R4.3 million successful Preferred Ordinary Share listings Total income Driven by fee income and fair value gains on ~R15 million investments R41.1 million in capital raised for local SMEs to fund growth and job creation Total Costs TWO Driven by significant non-cash cost
Slide 13: Umganu Lodge Was the First Listing on the Altvest Platform
UMGANU LODGE WAS THE FIRST LISTING ON THE ALTVEST PLATFORM Altvest Class A Preferred Ordinary Shares: Umganu Lodge On 19th May 2022, Altvest acquired 50% of Umganu Lodge, with the intention that it found be the first listing on Altvest’s investment platform Capital Raise The total cap raise for Umga
Slide 14: Bambanani Was the Second Listing on the Altvest Platform
BAMBANANI WAS THE SECOND LISTING ON THE ALTVEST PLATFORM Altvest Class B Preferred Ordinary Shares: Bambanani Family Group On 12th October 2022, Altvest announced to shareholders that an agreement had been reached with the Bambanani Family Group (Pty) Ltd to acquire a 46% minority stake into the bus
Slide 15: Strategic Update
STRATEGIC UPDATE ALTVEST CONTINUES TO EMPOWER GROWTH AND SUSTAINABILITY THROUGH: Key Lessons Learned Leadership Update • Democratising access to alternative assets is powerful, but understanding the spectrum of personal financial decisions is crucial. • Christo Geyer joins the Altvest board as an ex
Slide 16: Agenda
AGENDA 1. NOTICE OF MEETING 4. OVERVIEW OF ALTVEST 7. OTHER BUSINESS Chairman Warren Wheatley Chairman and Warren Wheatley 2. QUORUM 5. PRESENTATION OF 8. VOTING RESULTS Chairman ANNUAL FINANCIAL Registry STATEMENTS FOR THE YEAR ENDING 28 9. CLOSING 3. PROCEEDINGS OF Chairman MEETING FEBRUARY 2023 C
Slide 17: Resolutions
RESOLUTIONS ORDINARY RESOLUTION 1 – RE-APPOINTMENT OF DELOITE TOUCHE AS AUDITOR “RESOLVED THAT, Deloitte Touche (“Deloitte”) (noting that that James Welch is the individual registered auditor of that firm who will undertake the audit), be and are hereby re- appointed as the auditors of the Company f
Slide 18: Resolutions
RESOLUTIONS ORDINARY RESOLUTION NUMBER 7 – GENERAL AUTHORITY TO ISSUE ORDINARY SHARES FOR CASH “RESOLVED THAT, the directors of the Company be and are hereby authorised, by way of a general authority, to allot and issue any of the Company’s unissued shares for cash as they in their discretion may de
Slide 19: Resolutions
RESOLUTIONS SPECIAL RESOLUTION NUMBER 1 – FINANCIAL ASSISTANCE TO RELATED AND INTER-RELATED PARTIES “RESOLVED THAT, in terms of section 45(3)(a)(ii) of the Companies Act, as a general approval, that the Altvest Board may, subject to compliance with the requirements of the Company’s MOI, the Companie
Slide 20: Agenda
AGENDA 1. NOTICE OF MEETING 4. OVERVIEW OF ALTVEST 7. OTHER BUSINESS Chairman Warren Wheatley Chairman and Warren Wheatley 2. QUORUM 5. PRESENTATION OF 8. VOTING RESULTS Chairman ANNUAL FINANCIAL Registry STATEMENTS FOR THE YEAR ENDING 28 9. CLOSING 3. PROCEEDINGS OF Chairman MEETING FEBRUARY 2023 C
Slide 21: Agenda
AGENDA 1. NOTICE OF MEETING 4. OVERVIEW OF ALTVEST 7. OTHER BUSINESS Chairman Warren Wheatley Chairman and Warren Wheatley 2. QUORUM 5. PRESENTATION OF 8. VOTING RESULTS Chairman ANNUAL FINANCIAL Registry STATEMENTS FOR THE YEAR ENDING 28 9. CLOSING 3. PROCEEDINGS OF Chairman MEETING FEBRUARY 2023 C
Slide 22: Agenda
AGENDA 1. NOTICE OF MEETING 4. OVERVIEW OF ALTVEST 7. OTHER BUSINESS Chairman Warren Wheatley Chairman and Warren Wheatley 2. QUORUM 5. PRESENTATION OF 8. VOTING RESULTS Chairman ANNUAL FINANCIAL Registry STATEMENTS FOR THE YEAR ENDING 28 9. CLOSING 3. PROCEEDINGS OF Chairman MEETING FEBRUARY 2023 C
Slide 23: Thank You
THANK YOU ALTVEST CAPITAL LIMITED (Registration No. 2021/540736/06)