PUTPROP LIMITED - Results of Annual General Meeting

Release Date: 08/11/2018 17:15
Code(s): PPR
 
Wrap Text
Results of Annual General Meeting

Putprop Limited
Incorporated in the Republic of South Africa
(Registration number 1988/001085/06)
Share code: PPR ISIN: ZAE000072310
(“Putprop” or “the Company” or “the Group”)


RESULTS OF ANNUAL GENERAL MEETING


Shareholders are advised that, at the annual general meeting of Putprop held on 8 November 2018, all the
resolutions as set out in the notice of annual general meeting were passed by the requisite majority of
shareholders.

The number of shares voted in person or by proxy was 34 965 454, representing 78% of the total issued share
capital of the same class of Putprop shares.

The number of shares which abstained from voting was 27 151 representing 0.06% of the total issued share
capital of the same class of Putprop shares.

The resolutions proposed at the meeting, as well as the percentage of votes carried for and against each
resolution, are set out below:

                                                                             % of votes     % of votes
                                                                        carried for the    against the
Resolution                                                                   resolution     resolution
         
Ordinary resolution number 1: Re-election of Director
 To re-elect Daniele Torricelli who, in terms of Article 25.7 of the
 Company’s Memorandum of Incorporation, retires by rotation.                     99.99           0.01
         
Ordinary resolution number 2: Confirmation of appointment of
Director
 To confirm the appointment of Gerrit Van Heerden with effect from
 1 July 2018.                                                                    99.99           0.01
         
Ordinary resolution number 3: Confirmation of appointment of
Director
 To confirm the appointment of Rene Styber with effect from                      
 1 July 2018.                                                                    99.99           0.01
                                                                    
Ordinary resolution number 4: Election of independent non-
executive Directors to the Audit and Risk Committee
 4.1   To appoint Hayden Hartley as a member and Chairperson
       of the Putprop Audit and Risk Committee.                                  99.99           0.01
 4.2   To appoint Daniele Torricellli as a member of the Putprop
       Audit and Risk Committee, subject to the approval of
       ordinary resolution number 1.                                             99.99           0.01
 4.3   To appoint Gerrit Van Heerden as a member of the Putprop
       Audit and Risk Committee, subject to the approval of
       ordinary resolution number 2.                                             99.99           0.01
 4.4   To appoint Rene Styber as a member of the Putprop Audit
       and Risk Committee, subject to the approval of ordinary
       resolution number 3.                                                      99.99           0.01

Ordinary resolution number 5: Re-appointment of external
auditor                                                                          99.99           0.01

Ordinary resolution number 6: Advisory endorsement of
remuneration policy and implementation report
 6.1    Endorsement of remuneration policy.                                      99.99           0.01
 6.1    Endorsement of implementation report.                                    99.99           0.01
           
Ordinary resolution number 7: Control of authorised but
unissued ordinary shares.                                                        95.65           4.35

Ordinary resolution number 8: Approval to issue ordinary
shares, and to sell treasury shares, for cash.                                   91.06           8.94

Ordinary resolution number 9: Signature of documents.                            99.99           0.01

Special resolution number 1: Approval of the non-executive
Directors’ remuneration.                                                         99.99           0.01

Special resolution number 2: General approval to acquire
shares.                                                                          95.41           4.59

Special resolution number 3: Financial assistance for
subscription of securities.                                                      95.41           4.59

Special resolution number 4: Loans or other financial
assistance to directors.                                                         95.40           4.60


Johannesburg
8 November 2018

Sponsor
Merchantec Capital

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