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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 Thursday, 4 June 2020, 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 173 534 676
Total number of shares represented at the AGM 158 143 489 (91,13%)
Votes cast disclosed as a Number of Shares voted Shares abstained
percentage in relation to the total shares voted disclosed as a disclosed as a
number of shares voted at the percentage in percentage in
Resolutions AGM relation to the total relation to the total
issued share capital issued share capital
For Against
Ordinary resolution number 1.1: 68,78% 31,22% 154 625 957 89,10% 2,03%
Election of David Nurek as a director
Ordinary resolution number 1.2: 76,98% 23,02% 152 445 263 87,85% 3,28%
Election of Eddy Oblowitz as a director
Non-binding advisory vote number 1: 61,82% 38,18% 157 809 905 90,94% 0,19%
Endorsement of remuneration policy
Non-binding advisory vote number 2: 65,17% 34,83% 157 809 763 90,94% 0,19%
Endorsement of remuneration
implementation report
Ordinary resolution number 2: 75,24% 24,76% 154 743 477 89,17% 1,96%
Reappointment of KPMG Inc as
independent auditor
Ordinary resolution number 3.1: 68,93% 31,07% 148 921 004 85,82% 5,31%
Election of David Nurek as audit
committee member
Ordinary resolution number 3.2: 77,04% 22,96% 152 326 393 87,78% 3,35%
Election of Eddy Oblowitz as audit
committee member
Ordinary resolution number 3.3: 91,17% 8,83% 152 326 393 87,78% 3,35%
Election of Roddy Sparks as audit
committee member
Special resolution number 1: Approval 93,93% 6,07% 154 744 827 89,17% 1,96%
and authorisation of the provision of
financial assistance by the company to
related or inter-related companies
Special resolution number 2: Approval 79,23% 20,77% 155 727 371 89,74% 1,39%
of non-executive directors’
remuneration from 1 July 2020
Special resolution number 3: Approval 91,68% 8,32% 158 140 898 91,13% 0,00%
of the granting of a general authority to
the company or its subsidiaries to
acquire the issued shares of the
company
Non-binding advisory vote number 1 relating to the endorsement of the company’s remuneration policy and non-binding advisory vote number 2
relating to the endorsement of the remuneration implementation report were voted against by more than 25% of shareholders (“dissenting
shareholders”). Accordingly, Trencor invites dissenting shareholders to provide their details, together with their concerns/questions on the
remuneration policy and the implementation thereof, to the company secretary at info@trencor.net before 30 June 2020 in order for the company to
arrange a telephone conference or meeting via electronic platform with dissenting shareholders at a convenient time.
Trencor Services Proprietary Limited
Secretaries
4 June 2020
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
www.trencor.net
Date: 04-06-2020 04:00:00
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