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BALWIN PROPERTIES LIMITED - Results of annual general meeting

Release Date: 10/10/2017 13:07
Code(s): BWN     PDF:  
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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 Company")

RESULTS OF ANNUAL GENERAL MEETING

Balwin shareholders are advised that at the annual general meeting of shareholders held on Tuesday,
10 October 2017 at 08h00 (“AGM”), all ordinary and special resolutions as set out in the notice of AGM
dated Thursday, 31 August 2016 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 AGM (“Voted Shares”)       75%       355,124,932

Total number of members present                                                                7


                                  Votes in favour     %*          Votes against      %*        Abstentions       %**

Ordinary resolution 1:            354,999,818         100.00%     538                0.00%     124,576           0.03%
appointment confirmation of     
Arnold Shapiro as a director

Ordinary resolution 2:            354,953,603         99.99%      45,753             0.01%     125,576           0.03% 
appointment confirmation of
Thoko Mokgosi-Mwantembe
as a director

Ordinary resolution 3:            354,998,818         100.00%     538                0.00%     125,576           0.03%
appointment confirmation of    
Tomi Amosun as a director

Ordinary resolution 4: re-        354,998,916         100.00%     440                0.00%     125,576           0.03%
election of Kholeka Mzondeki   
as a director

Ordinary resolution 5:            355,001,266         100%        440                0.00%     123,226           0.03%
appointment of the auditors

Ordinary resolution 6:            354,998,916         100%        1,440              0.00%     124,576           0.03%
appointment of Kholeka
Mzondeki to the Audit and
Risk Committee

Ordinary resolution 7:            354,998,818         100%        538                0.00%     125,576           0.03%
appointment of Tomi Amosun
to the Audit and Risk
Committee

Ordinary resolution 8:            329,321,012         92.77%      25,679,344         7.23%     124,576           0.03% 
appointment of Hilton Saven
to the Audit and Risk
Committee

Ordinary resolution 9:            354,999,916         100%        440                0.00%     124,576           0.03%
appointment of Arnold
Shapiro to the Audit and Risk
Committee

Ordinary resolution 10:           329,276,700         92.75%      25,722,656         7.25%     125,576           0.03%
remuneration policy
endorsement of the              

Ordinary resolution 11:           338,363,450         95.31%      16,639,656         4.69%     121,826           0.03%
shares for cash
general authority to issue        

Ordinary resolution 12:           328,507,138         92.54%      26,494,568         7.46%     123,226           0.03% 
adoption of the Balwin            
Conditional Share Plan

Special resolution 1: approval    354,988,418         100%        10,938             0.00%     125,576           0.03%
of non-executive directors'       
fees

Special resolution 2: financial   354,915,493         99.98%      85,022             0.02%     124,417           0.03%
assistance to related and             
inter-related companies

Special resolution 3: authority   354,998,666         100.00%     5,249              0.00%     121,017           0.03%
to repurchase shares

Notes:

* Percentage of Voted Shares (excluding abstentions)
** Percentage of Total Shares

Bedfordview
10 October 2017

Corporate Advisor and Sponsor: Investec Bank Limited

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