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BALWIN PROPERTIES LIMITED - Results of Annual General Meeting

Release Date: 18/08/2020 12:07
Code(s): BWN     PDF:  
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 Group”)



RESULTS OF ANNUAL GENERAL MEETING



Balwin shareholders are advised that at the annual general meeting of shareholders held on
Tuesday, 18 August 2020 at 08h00 ("AGM"), all ordinary and special resolutions as set out in the
notice of AGM dated Friday, 28 May 2020 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%       472,192,592

 Total number of shares present/represented including proxies at the              85,21%      402,350,197
 AGM ("Voted Shares")
 Total number of members present                                                                   32


                                         Votes in                  Votes
                                                         %                        %        Abstentions    %*
                                          favour                  against
 Ordinary resolution 1: Re-
 election of Kholeka
 Mzondeki as a director                402,280,161    100,00%      16,100        0,00%       53,936      0.01%
 

 Ordinary resolution 2: Re-
 election of Thoko Mokgosi-
 Mwantembe as a director               402,305,586    100,00%      16,100        0,00%       28,511      0,01%
 

 Ordinary resolution 3: Re-
 election of Ronen Zekry as
 a director                            402,308,289    100,00%      13,397        0,00%       28,511      0,01%
 

 Ordinary resolution  4:
 Election of Julian Scher as a
 director                              402,310,860    100,00%      10,826        0,00%       28,511      0,01%
 

 Ordinary resolution 5:
 Election  of  Duncan
 Westcott as a director                402,319,686    100,00%      9,200         0,00%       21,311      0,00%
 

 Ordinary resolution  6:
 Appointment of  the
 external auditors                     402,319,686    100,00%      9,200         0,00%       21,311      0,00%
 

 Ordinary resolution 7: Re-
 appointment of Kholeka                402,305,586    100,00%      16,100        0,00%       28,511      0,00%
 Mzondeki as a member of
 the audit and risk
 committee

 Ordinary resolution 8: Re-
 appointment of Tomi
 Amosun as a member of
 the audit and risk                    402,312,486    100,00%      9,200        0,00%        28,511      0,00%
 committee
 

 Ordinary resolution 9: Re-
 appointment of Arnold
 Shapiro as a member of the            402,312,486    100,00%      9,200        0,00%        28,511      0,00%
 audit and risk committee

 Ordinary   resolution 10:
 Appointment of Duncan
 Westcott as a member of
 the audit and risk                    402,312,486    100,00%      9,200        0,00%        28,511      0,00%
 committee
 

 Ordinary resolution    11.1
 Endorsement of  the
 remuneration policy                   365,648,126     90,89%     36,668,950    9,11%        33,121      0,01%
 

 Ordinary resolution 11.2
 Endorsement of the
 implementation report                 384,944,540     95,68%     17,372,536    4,32%        33,121      0,01%
 

 Ordinary resolution  12:
 Authority to directors to
 implement resolutions                 402,309,611    100,00%      9,200        0,00%        31,386    0,01%


 Ordinary resolution  13:
 General authority to issue
 shares for cash                       316,736,526     78,73%    85,592,825   21,27%         20,846    0,00%
 

 Special resolution 1:
 Approval of non-executive
 directors’ fees                       402,224,400     99,98%       92,676      0,02%        33,121    0,01%
 

 Special resolution 2:
 Financial assistance to
 related and inter-related             383,365,447     95,29%     18,953,829    4,71%       30,921     0,01%
 companies

 Special resolution  3:
 Authority to repurchase
                                       401,317,685     99,75%     1,013,401    0,25%       19,111     0,00%
 shares


* Abstentions are represented as a percentage of total issued ordinary shares.



Bedfordview
18 August 2020

Sponsor
Investec Bank Limited

Date: 18-08-2020 12:07:00
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