TRUSTCO GROUP HOLDINGS LIMITED - Results of Annual General Meeting

Results of Annual General Meeting

TRUSTCO GROUP HOLDINGS LIMITED
Incorporated in the Republic of Namibia
(Registration number 2003/058)
Registered as an external company in South Africa
(External registration number 2009/002634/10)
NSX share code: TUC
JSE share code: TTO
OTCQX share code: TSCHY
ISIN Number: NA000A0RF067
(“Trustco” or “the Company”)

RESULTS OF ANNUAL GENERAL MEETING

The board of directors of Trustco advises that at the Annual General Meeting of shareholders held on 29 April
2021 (“AGM”), all the resolutions, as set out in the Integrated Annual Report posted to shareholders on 26
February 2021, were duly approved by the requisite majority of shareholders present and voting:

Shareholders are advised that:
-   there were 1 616 038 581 shares in issue as at the date of the AGM;
-   the total number of shares that were present in person/represented by proxy at the AGM was 1 421 747
    127 shares being 87.98% of the total number of shares in issue and 90.54% net of treasury shares.
-   Abstentions are represented below as a percentage of total number of shares in issue while the shares
    voted for and against are represented below as a percentage of the shares voted.
Resolution
                                                            Shares voted for           Shares voted against      Shares abstained

1    Approval of AFS and reports for financial year              1 421 703 173                   0                      43 954
     ended 30 September 2020                                         100%                        0%                        0%

2    2.1) To determine that the company may appoint a            1 421 656 693                 46 480                   43 954
             maximum number of 12 directors                          99.99%                    0.01%                       0%
     2.2) to re-appoint Mr Renier Taljaard as non-               1 421 703 173                   0                      43 954
             executive director                                      100%                        0%                        0%
3    To re-appoint Nexia SAB&T as independent group              1 421 701 673                 1 500                    43 954
     external auditors                                               100%                        0%                        0%
4    4.1) Non-binding advisory endorsement of the                1 416 235 837                5 467 336                 43 954
     company’s remuneration policy                                   99.61%                    0.39%                       0%
     4.2) Non-binding advisory endorsement of the                1 416 235 837                5 467 336                 43 954
     company’s remuneration implementation policy                    99.61%                    0.39%                       0%
5    5.1) To approve the remuneration of the non-                1 421 693 703                 9 470                    43 954
     executive directors for the period 1 April 2020 to              100%                        0%                        0%
     30 September 2020
     5.2) To approve the remuneration of the non-                1 421 697 073                 6 100                    43 954
     executive directors for the period 1 October 2020               100%                        0%                        0%
     to 30 September 2021
6    To approve the control of authorised but unissued           1 421 693 703                 6 100                    47 324
     ordinary shares                                                 100%                        0%                        0%
7    To approve the general authority to issue shares            1 416 232 467                5 467 336                 47 324
                                                                     99.61%                    0.39%                       0%
8    To approve the issue of options or convertible              1 416 235 837                5 467 336                 43 954
     instruments for cash                                            99.61%                    0.39%                       0%
9    To approve the general authority to repurchase              1 421 693 703                 6 100                    47 324
     shares                                                          100%                        0%                        0%
10   To approve directors authority to sign documents            1 421 703 173                   0                      43 954
                                                                     100%                        0%                        0

The       questions         and   answers   as      received    by       Shareholders   can      be     downloaded    at
https://www.tgh.na/downloads/

Windhoek, Namibia,
29 April 2021
Komada Holdings (Pty) Ltd
Company Secretary and Investor Relations Services to Trustco Group Holdings Limited

JSE Sponsor
Vunani Corporate Finance - Johannesburg

NSX Sponsor
Simonis Storm Securities Proprietary Limited – Windhoek

OTCQX Sponsor
J.P Galda & Co – New York

Date: 29-04-2021 02:05:00
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