TORRE INDUSTRIES LIMITED - Results of Annual General Meeting

Results of Annual General Meeting

Torre Industries Limited
(Incorporated in the Republic of South Africa)
(Registration number 2012/144604/06)
Share code: TOR
ISIN Code: ZAE000188629
(“Torre” or “the Company”)

RESULTS OF ANNUAL GENERAL MEETING

The Company is pleased to advise shareholders that all the
resolutions contained in the notice of annual general meeting
(“AGM”) were passed by the required majority of shareholders
present or represented by proxy at the AGM of Torre held today
at 09h30 at 11 Avalon Road, Modderfontein, Johannesburg.
Altogether 401 218 289 shares, eligible to vote and
representing 79.22% of Torre’s issued share capital, were
represented at the meeting.

Resolution number and description            For       Against
                                              %*            %*

Ordinary resolution number 1:
Adoption of annual financial
statements                                    100            0

Ordinary resolution number 2:
Director appointment of L E Bakoro            100            0

Ordinary resolution number 3:
Director appointment of M S Bomela          98.78         1.22

Ordinary resolution number 4:
Director appointment of N Khaole            98.78         1.22

Ordinary resolution number 5:
Re-election of C S Seabrooke as
director                                    98.78         1.22

Ordinary resolution number 6:
Re-election of M M Ngoasheng as
director                                    98.78         1.22

Ordinary resolution number 7:
Re-appointment and remuneration of
auditors                                    98.78         1.22

Ordinary resolution number 8:
Appointment of Audit and Risk
Committee member
L E Bakoro                                 100.00            0

Ordinary resolution number 9:
Appointment of Audit and Risk
Committee member
C S Seabrooke                               98.78         1.22

Ordinary resolution number 10:
Appointment of Audit and Risk
Committee member
P J van Zyl                                   100            0


Ordinary resolution number 11:
Unissued shares under the control of
the directors and issues of shares
for cash                                    99.76         0.24

Ordinary resolution number 12:
Approval of remuneration policy            100.00            0


Special resolution number 1:
General authority to acquire
(repurchase) shares                          100             0

Special resolution number 2:
Non-executive directors’                    99.76         0.24
remuneration

Special resolution number 3:
General authority financial
assistance                                  98.54         1.46

Special resolution number 4:
General authority to provide
financial assistance for the
subscription of securities                  98.78         1.22

*as a percentage in relation to the total shares represented
at the meeting, being 79.22% of Torre’s issued share capital

1 182 148 Torre shares (representing 0.233% of the issued
share capital) abstained from voting on all ordinary
resolutions as well as special resolutions numbered 1, 2 and
3. 1 193 198 Torre shares (representing 0.236% of the issued
share capital) abstained from voting on special resolution
number 4.

Johannesburg
8 December 2015

Sponsor and Corporate Finance Adviser:
Stellar Advisers (Pty) Ltd

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