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TRENCOR LIMITED - Report on proceedings at the annual general meeting

Release Date: 25/06/2019 16:35
Code(s): TRE     PDF:  
 
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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, 25 June 2019, 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                        173 677 833
Total number of shares represented at the AGM          151 055 608 (86,97%)



                                               Votes cast disclosed as a
                                           percentage in relation to the total                              Shares voted        Shares abstained
                                            number of shares voted at the                                 disclosed as a          disclosed as a
                                                        AGM                                                percentage in           percentage in
                                                                                       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 Jimmy McQueen as a
director                                            83,56%             16,44%        151 035 857                 86,96%                   0,01%
Ordinary resolution number 1.2:
Election of Ric Sieni as a director                 99,70%              0,30%        151 035 857                 86,96%                   0,01%
Ordinary resolution number 1.3:
Election of Hennie van der Merwe as a
director                                            99,81%              0,19%        151 035 857                 86,96%                   0,01%
Non-binding advisory vote number 1:
Endorsement of remuneration policy                  69,05%             30,95%        150 976 956                 86,93%                   0,05%
Non-binding advisory vote number 2:
Endorsement of remuneration
implementation report                               74,90%             25,10%        150 976 956                 86,93%                   0,05%
Ordinary resolution number 2:                       79,74%             20,26%        150 984 084                 86,93%                   0,04%
Reappointment of KPMG Inc as
independent auditor
Ordinary resolution number 3.1:
Election of Eddy Oblowitz as audit
committee member                                    76,15%             23,85%        151 005 207                 86,95%                   0,03%
Ordinary resolution number 3.2:
Election of Roddy Sparks as audit
committee member                                    97,26%              2,74%        151 005 207                 86,95%                   0,03%
Ordinary resolution number 3.3:
Election of Herman Wessels as audit
committee member                                    99,97%              0,03%        151 005 207                 86,95%                   0,03%
Special resolution number 1: Approval
and authorisation of the provision of
financial assistance by the company to
related or inter-related companies                  99,38%              0,62%        150 999 348                 86,94%                   0,03%
Special resolution number 2: Approval
of non-executive directors’
remuneration from 1 July 2019                       99,38%              0,62%        151 022 692                 86,96%                   0,02%
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                                             99,38%              0,62%        151 025 457                 86,96%                   0,02%

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 31 July 2019 in order for the company to
arrange a telephone conference with dissenting shareholders at a convenient time.

Trencor Services Proprietary Limited
Secretaries
25 June 2019

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

www.trencor.net

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