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Results of Annual General Meeting
Balwin Properties Limited
(Incorporated in the Republic of South Africa)
Registration number 2003/028851/06
Share code: BWN
ISIN: ZAE000209532
(“Balwin” or “the Group”)
RESULTS OF ANNUAL GENERAL MEETING
Balwin shareholders are advised that at the annual general meeting of shareholders held on
Tuesday, 17 August 2021 at 10h00 ("AGM"), all ordinary and special resolutions as set out in the
notice of AGM dated Monday, 17 May 2021, were approved by the requisite majority of
shareholders present or represented by proxy.
In this regard, Balwin confirms the voting statistics from the AGM as follows:
% Number
Total number of shares that could be voted at the AGM ("Total Shares") 100,00% 472,192,592
Total number of shares present/represented including proxies at the 70,68% 333,766,291
AGM ("Voted Shares")
Total number of members present 23
Votes in Votes
% % Abstentions %*
favour against
Ordinary resolution 1: Re-
election of Hilton Saven as
a director 329,641,797 99,45% 1,835,349 0,55% 2,289,145 0,48%
Ordinary resolution 2: Re-
election of Arnold Shapiro
as a director 329,641,797 99,45% 1,835,349 0,55% 2,289,145 0,48%
Ordinary resolution 3: Re-
election of Tomi Amosun as
a director 329,641,797 99,45% 1,835,349 0,55% 2,289,145 0,48%
Ordinary resolution 4:
Appointment of the
external auditors 331,467,436 100,00% 9,700 0,00% 2,289,155 0,48%
Ordinary resolution 5: Re-
appointment of Kholeka
Mzondeki as a member of
the audit and risk 331,417,446 99,98% 59,700 0,02% 2,289,145 0,48%
committee
Ordinary resolution 6: Re-
appointment of Tomi
Amosun as a member of
the audit and risk 331,417,446 99,98% 59,700 0,02% 2,289,145 0,48%
committee
Ordinary resolution 7: Re-
appointment of Arnold
Shapiro as a member of the 331,452,446 99,99% 24,700 0,01% 2,289,145 0,48%
audit and risk committee
Ordinary resolution 8: Re-
appointment of Duncan
Westcott as a member of
the audit and risk 331,452,446 99,99% 24,700 0,01% 2,289,155 0,48%
committee
Ordinary resolution 9.1
Endorsement of the
remuneration policy 312,127,308 94,17% 19,335,996 5,83% 2,302,987 0,49%
Ordinary resolution 9.2
Endorsement of the
implementation report 312,410,404 94,25% 19,071,900 5,75% 2,283,987 0,48%
Ordinary resolution 10:
Authority to directors to
implement resolutions 331,467,446 100,00% 9,700 0,00% 2,289,145 0,48%
Ordinary resolution 11:
General authority to issue 273,351,476 82,47% 58,122,128 17,53% 2,292,687 0,49%
shares for cash
Special resolution 1:
Approval of non-executive
directors’ fees 331,384,218 99,98% 80,228 0,02% 2,301,845 0,49%
Special resolution 2:
Financial assistance to
related and inter-related 329,637,787 99,99% 24,700 0,01% 4,103,804 0,87%
companies
Special resolution 3:
Authority to repurchase
shares 330,316,070 99,65% 1,152,376 0,35% 2,297,845 0,49%
* Abstentions are represented as a percentage of total issued ordinary shares.
Bedfordview
17 August 2021
Sponsor
Investec Bank Limited
Date: 17-08-2021 03:00:00
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