BALWIN PROPERTIES LIMITED - Results of Annual General Meeting

Release Date: 04/09/2018 13:13
Code(s): BWN
 
Wrap Text
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,
4 September 2018 at 08h00 (“AGM”), all ordinary and special resolutions as set out in the notice of
AGM dated Friday, 29 June 2018 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”)        79%      372,682,829
 Total number of members present                                                                          16




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


Ordinary Resolution number 1:
To re-elect Hilton Saven as        324,821,715      87,16%      47,861,090        12,84%    24                 0.00%
director

Ordinary Resolution number 2:
To re-elect Ronen Zekry as         324,821,715      87,16%      47,861,090        12,84%    24                 0.00%
director


Ordinary Resolution number 3:
Appointment of Auditors            372,282,805      99,89%      400 000           0,11%     24                 0.00%



Ordinary Resolution number 4:
Appointment of Kholeka             341,378,038      91,60%      31,304,767        8,40%     24                 0.00%
Mzondeki to the Audit and Risk
Committee


Ordinary Resolution number 5:
Appointment of Tomi Amosun to      341,378,038      91,60%      31,304,767        8,40%     24                 0.00%
the Audit and Risk Committee

Ordinary Resolution number 6:
Appointment of Hilton Saven to
                                   313,288,637      84,06%      59,394,168        15,94%    24                 0.00%
the Audit and Risk Committee"

Ordinary Resolution number 7:
Appointment of Arnold Shapiro to the  341,380,938   91,60%      31,301 ,867        8,40%    24                 0.00%
Audit and Risk Committee

Ordinary Resolution number 8.1:
Endorsement of Remuneration         327,078,773     87,76%       45,604,032        12,24%   24                 0.00%
Policy

Ordinary Resolution number 8.2:
Endorsement of the Implementation   327,355,449     87,84%       45,327,356        12,16%   24                 0.00%
Report


Ordinary Resolution number 9:
General authority to issue          287,664,003     77,19%       85,018,802         22,81%   24                0.00%
shares for cash

Special Resolution number 1:
Approval of non-executive           341,375,938     91,60%       31,306,867          8,40%   24                0.00%
directors’ fees"


Special Resolution 2:
Financial assistance to related     340,176,258     91,57%       31,306,867          8,43%  1,199,704          0,25%
and inter-related Companies


Special Resolution number 3:
Authority to repurchase shares      371,374,816     99,65%        1,307,989          0,35%    24                0.00%



Notes:

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



Bedfordview
4 September 2018

Corporate Advisor and Sponsor: Investec Bank Limited

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