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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').
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