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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")
RESULTS OF ANNUAL GENERAL MEETING
Shareholders are advised that, at the annual general meeting ("AGM") of Putprop held yesterday, 6 November 2025, all
the resolutions as set out in the notice of AGM were passed by the requisite majority of shareholders, save for:
- ordinary resolution numbers 2, 3.3, 4.1 and 4.4 which, as announced on SENS on 28 October and 29 October
2025, were withdrawn prior to the AGM; and
- ordinary resolution numbers 4.5 and 4.6, which were withdrawn at the AGM.
The total number of voting shares represented in person or by proxy was 34 063 648, representing 80.33% of the total
issued share capital of the same class of Putprop shares.
The resolutions proposed at the meeting, together with the percentage of votes carried for and against each resolution,
as well as the percentage of shares abstained, are set out below:
% of % of votes % of votes % of
Number of shares in carried for the against the shares
Resolution shares voted issue1 resolution2 resolution abstained1
Ordinary resolution number 1: Re-election of
Director
To re-elect Mr H Hartley who, in terms of Article 25.7
of the Company's Memorandum of Incorporation,
retires by rotation. 34 063 648 80.33 100 0 0
Ordinary resolution number 2: Re-election of
Director
To re-elect Mr D Torricelli who, in terms of Article 25.7
of the Company's Memorandum of Incorporation,
retires by rotation. [Withdrawn]
Ordinary resolution number 3: Election of
independent non-executive Directors to the Audit
Committee.
- - - - -
3.1 To appoint Mr H Hartley as a member and chair of
the Putprop Audit Committee 34 063 648 80.33 100 0 0
3.2 To appoint Ms R Styber as a member of the
Putprop Audit Committee, subject to the passing
of ordinary resolution number 1. 34 063 648 80.33 100 0 0
3.3 To appoint Mr G van Heerden as a member of the
Putprop Audit Committee, subject to the passing
of ordinary resolution number 2. [Withdrawn]
Ordinary resolution number 4: Election of
independent non-executive Directors to the
Environmental, Social, Ethics and Transformation
("ESE&T") Committee - - - - -
4.1 To appoint Mr. D Torricelli as a member and chair
of the Putprop ESE&T Committee, subject to the
passing of ordinary resolution 2. [Withdrawn]
4.2 To appoint Ms. R Styber as a member of the
Putprop ESE&T Committee. 34 063 648 80.33 100 0 0
4.3 To appoint Mr. H Hartley as a member of the
Putprop ESE&T Committee, subject to the
passing of ordinary resolution 1. 34 063 648 80.33 100 0 0
4.4 To appoint Mr. G van Heerden as a member and
chair of the Putprop ESE&T Committee. [Withdrawn]
4.5 To appoint Mr. J Smith as a member of the
Putprop ESE&T Committee. [Withdrawn]
4.6 To appoint Mr. B Carleo as a member of the
Putprop ESE&T Committee. [Withdrawn]
Ordinary resolution number 5: Appointment of
external auditor. 34 063 648 80.33 100 0 0
Ordinary resolution number 6*: Advisory
endorsement of remuneration policy and
implementation report. - - - - -
6.1 Endorsement of remuneration policy. 34 063 648 80.33 16.13 83.87 0
6.2 Endorsement of implementation report. 34 063 648 80.33 16.13 83.87 0
Ordinary resolution number 7: Control of authorised
but unissued ordinary shares. 34 063 648 80.33 100 0 0
Ordinary resolution number 8: Approval to issue
ordinary shares, and to sell treasury shares, for cash. 33 338 282 80.33 97.87 2.13 0
Ordinary resolution number 9: Signature of
documents. 34 063 648 80.33 100 0 0
Special resolution number 1: Approval of the non-
executive directors' remuneration. 34 063 648 80.33 100 0 0
Special resolution number 2: General approval to
acquire shares. 34 038 526 80.33 99.93 0.07 0
Special resolution number 3: Loans or other
financial assistance to subsidiaries. 34 063 648 80.33 100 0 0
1 Based on 42 405 133 shares in issue at the date of the annual general meeting.
2 Disclosed as a percentage of votable shares.
*Shareholders are advised that due to ordinary resolution numbers 6.1 and 6.2 relating to the non-binding advisory vote
on Putprop's remuneration policy and remuneration implementation report, respectively being voted against by more
than 25% of shareholders present in person or represented by proxy at the AGM ("dissenting shareholders"), an
invitation is hereby extended to such dissenting shareholders to further engage with the Company by means of a
meeting with all relevant parties.
The Company welcomes this further engagement and, based on the feedback received at the AGM, will schedule a
meeting with the dissenting shareholders within the next 3 weeks at the Company's head office.
Johannesburg
7 November 2025
Sponsor
Merchantec Capital
Date: 07-11-2025 10:20:00
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