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")

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 59 Merino Avenue, City Deep, Johannesburg.
Altogether 258 532 085 shares, eligible to vote and
representing 77.34% 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 M Ngoasheng    100        0
Ordinary resolution number 3:
Director appointment of C Seabrooke    100        0
Ordinary resolution number 4:
Re-election of P van Zyl as director   100        0
Ordinary resolution number 5:
Re-election of C Lyons as director     100        0
Ordinary resolution number 6:
Re-appointment and remuneration of
auditors                               100        0
Ordinary resolution number 7:
Re-appointment of Audit and Risk
Committee member
P van Zyl                              97.15      2.85
Ordinary resolution number 8:
Re-appointment of Audit and Risk
Committee member
C Lyons                                100        0
Ordinary resolution number 9:
Re-appointment of Audit and Risk
Committee member
J Fizelle                              100        0
Ordinary resolution number 10:
Appointment of Audit and Risk
Committee member
C Seabrooke                            97.72      2.28
Ordinary resolution number 11:
General authority to allot and issue
shares for cash                        87.10      12.91
Ordinary resolution number 12:
Non-binding advisory vote on
Remuneration Policy                    99.43      0.57
Special resolution number 1:
General authority to acquire
(repurchase) shares                    100        0
Special resolution number 2:
Authority to increase authorised
share capital to 2 000 000 000 no
par value ordinary shares              96.65      3.35
Special resolution number 3:
Non-Executive Directors’
remuneration                           92.59      6.75
Special resolution number 4:
General authority to enter into
funding agreements, provide loans or
other financial assistance             97.72      2.28
Special resolution number 5:
General authority to provide
financial assistance for the
subscription of securities             96.08      3.92

*as a percentage in relation to the total shares represented
at the meeting, being 77.34% of Torre’s issued share capital

75 000 Torre shares abstained from voting on all ordinary
resolutions as well as special resolutions numbered 1, 2, 4
and 5. 23 309 646 Torre shares abstained from voting on
special resolution number 3.

Johannesburg
10 December 2014

Sponsor
Afrasia Corporate Finance (Pty) Ltd

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