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Results of 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 “Group”)
RESULTS OF THE GENERAL MEETING
Shareholders are referred to the SENS announcements published on
16 February 2015 and 13 April 2015 (“Announcements”), as well as
the circular posted to Torre shareholders on 13 April 2015
(“Circular”) regarding the proposed acquisition of 100% of Set
Point and the issue of new Torre shares to MIC and Safika.
Capitalised terms in this announcement bear the same meaning as
in the Announcements and the Circular.
Torre is pleased to advise shareholders that all the resolutions
in the notice of General Meeting contained in the Circular were
passed by the required majority of shareholders present or
represented by proxy at the General Meeting held on Wednesday,
13 May 2015 at 12h00 at 59 Merino Avenue, City Deep,
Johannesburg.
Resolution number and Note Number and For Against
description percentage of % %
shares
eligible to
vote
Ordinary resolution number 233 692 351
100% 0%
1: (66.68%)
Approval of the Cash Issue
to MIC
Ordinary resolution number 218 404 911
1 100% 0%
2: (62.32%)
Approval of the Cash Issue
to Safika
Special resolution number 209 664 951
2 100% 0%
1: (59.82%)
Approval of the Acquisition
Special resolution number 233 692 351
100% 0%
2: (66.68%)
Issue of more than 30% of
Torre’s issued share
capital
Special resolution number 209 664 951
100% 0%
3: (59.82%)
Issue of shares (Section
41(1))
Special resolution 209 664 951
2 100% 0%
number 4: (59.82%)
Approval to repurchase the
Option Shares
Special resolution number 209 664 951
2 100% 0%
5: (59.82%)
Approval of the Option
Shares (Section 48(8))
Ordinary resolution number 233 692 351
100% 0%
3: (66.68%)
Authority to action
54 800 Torre shares abstained from voting on all of the above
resolutions.
Notes:
1. Safika Holdings (Pty) Ltd and its associates were precluded
from voting on the resolution in accordance with the JSE
Listings Requirements.
2. Sabvest Finance and Guarantee Corporation (Pty) Ltd and its
associates were precluded from voting on the resolutions in
accordance with the JSE Listings Requirements.
COMPLETION OF THE ACQUISITION AND THE CASH ISSUE
Following the successful completion of the General Meeting, all
conditions precedent to the Acquisition and the Cash Issue have
been fulfilled and the Transactions have become unconditional in
every respect.
Johannesburg
14 May 2015
Corporate Finance Adviser and Sponsor
Afrasia Corporate Finance (Pty) Ltd
Date: 14/05/2015 07:05:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
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indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
