TRENCOR LIMITED - Report on proceedings at the annual general meeting

Release Date: 16/08/2018 08:30
Code(s): TRE
 
Wrap Text
Report on proceedings at the annual general meeting

TRENCOR LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1955/002869/06)
Share code: TRE
ISIN: ZAE000007506
(“Trencor” or “the company”)

REPORT ON PROCEEDINGS AT THE ANNUAL GENERAL MEETING

VOTING RESULTS

At the annual general meeting (“AGM”) of shareholders of Trencor held on Tuesday, 14 August 2018, all the ordinary and special resolutions proposed were approved by
the requisite majority of votes. The company confirms the voting statistics from the AGM as follows:

Total number of shares in issue                     177 068 011
Total number of shares represented at the AGM       162 637 576 (91,85%)

                                                                   Votes cast disclosed as a                        Shares voted            Shares abstained
                                                               percentage in relation to the total                  disclosed as a          disclosed as a
                                                                number of shares voted at the                       percentage in           percentage in
                                                                            AGM                     Number of       relation to the total   relation to the total
Resolutions                                                       For            Against            shares voted    issued share capital    issued share capital
Ordinary resolution number 1.1: Election of David Nurek as a
director                                                          83,89%         16,11%             162 348 188     91,69%                  0,16%
Ordinary resolution number 1.2: Election of Eddy Oblowitz
as a director                                                     85,85%         14,15%             162 348 188     91,69%                  0,16%
Ordinary resolution number 1.3: Election of Roddy Sparks as
a director                                                        97,27%         2,73%              162 348 188     91,69%                  0,16%
Non-binding advisory vote number 1: Endorsement of
remuneration policy                                               63,59%         36,41%             157 391 612     88,89%                  2,96%
Non-binding advisory vote number 2: Endorsement of
remuneration implementation report                                80,02%         19,98%             162 349 596     91,69%                  0,16%
Ordinary resolution number 2: Reappointment of KPMG Inc
as independent auditor                                            85,33%         14,67%             162 637 576     91,85%                  0,00%
Ordinary resolution number 3.1: Election of Eddy Oblowitz         
as audit committee member                                         85,88%         14,12%             162 348 188     91,69%                  0,16%
Ordinary resolution number 3.2: Election of Roddy Sparks as
audit committee member                                            98,33%         1,67%              162 348 188     91,69%                  0,16%
Ordinary resolution number 3.3: Election of Herman Wessels 
as audit committee member                                         99,24%         0,76%              162 348 188     91,69%                  0,16%
Special resolution number 1: Approval and authorisation of
the provision of financial assistance by the company to
related and/or inter-related companies                            98,89%         1,11%              162 349 888     91,69%                  0,16%
Special resolution number 2: Approval of non-executive
directors’ remuneration from 1 July 2018                          93,74%         6,26%              162 336 746     91,68%                  0,17%
Special resolution number 3: Approval of the granting of a
general authority to the company or its subsidiaries to acquire
the issued shares of the company                                  99,22%         0,78%              162 349 888     91,69%                  0,16%

Non-binding advisory vote number 1 relating to the endorsement of the company’s remuneration policy received less than 75% support from shareholders. Accordingly,
Trencor requests shareholders who voted against non-binding advisory vote number 1 or abstained from voting, to provide their details to the company secretary at
info@trencor.net before 7 September 2018, in order for the company to arrange engagement with the respective shareholders to ascertain the reasons for their votes.

Trencor Services Proprietary Limited
Secretaries
16 August 2018

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

www.trencor.net

Date: 16/08/2018 08:30:00 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
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
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.

Email this JSE Sens Item to a Friend.

Share This Story