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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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