To view the PDF file, sign up for a MySharenet subscription.


Release Date: 26/02/2024 17:15
Code(s): BRN BRT     PDF:  
Wrap Text
Results of General Meeting

Brimstone Investment Corporation Limited
(Incorporated in the Republic of South Africa)
(Registration number 1995/010442/06)
(ISIN code: ZAE000015277         Share code: BRT)
(ISIN code: ZAE000015285         Share code: BRN)
("Brimstone" or the "Company")



Brimstone Shareholders are referred to the announcements released by the Company on SENS, the last of which was dated 26 January 2024, and to the Circular dated
26 January 2024, regarding the proposed acquisition by Sea Harvest, a 54.4% held subsidiary of Brimstone, of certain subsidiaries from the Terrasan Group that are engaged
in the catching, processing and sale of pelagic fish, and in the farming, processing and sale of abalone, for the Purchase Consideration to be settled through cash and the issue
of Sea Harvest ordinary shares to Terrasan.

Unless expressly defined, capitalised terms herein have the same meaning given to them in the Circular.

Results of General Meeting

At the virtual General Meeting of Brimstone Shareholders held today, Monday, 26 February 2024, all the Resolutions proposed at the General Meeting were approved by the
requisite majority of votes. In this regard, Brimstone confirms that the voting statistics from the General Meeting were as follows:

 Resolution                        Number of Shares voted*         Percentage of Shares                    For**                            Against**                     Abstained***
                                                                        in issue*                           %                                   %                              %

                                   Ordinary    "N" Ordinary      Ordinary             "N"   Ordinary         "N"        Total   Ordinary           "N"      Total   Ordinary             "N"
                                     Shares          Shares        Shares        Ordinary     Shares    Ordinary       shares     Shares      Ordinary     shares     Shares        Ordinary
                                                                                   Shares                 Shares                                Shares                                Shares
 Ordinary resolution
 number 1:
 Approval of the
 Acquisition                  2 369 006 300     131 637 391         59.41           58.51      99.91       99.95        99.92       0.09          0.05       0.08       0.08            0.01

 Ordinary resolution
 number 2:
 Directors and/or
 Company Secretary
 authority                    2 369 006 300     131 637 391         59.41           58.51      99.91       99.95        99.92       0.09          0.05       0.08       0.08            0.01

*     Based on 3 987 414 600 ordinary votes (representing 39 874 146 Ordinary Shares in issue) and 224 975 962 "N" ordinary votes (representing 224 975 962 "N" Ordinary
      Shares in issue) at the date of the General Meeting. Brimstone Ordinary Shares carry 100 votes per Ordinary Share and "N" Ordinary Shares carry 1 vote per "N" Ordinary

**    In relation to the total number of Ordinary Shares and "N" Ordinary Shares voted at the General Meeting.

***   In relation to the total number of Ordinary Shares and "N" Ordinary Shares in issue at the date of the General Meeting.

Based on the above voting results, all Resolutions were passed by the requisite majority of Shareholders present in person or represented by proxy at the General Meeting.

Cape Town
26 February 2024

Investment Bank, Corporate Advisor and Sponsor
Nedbank Corporate and Investment Banking, a division of Nedbank Limited

Date: 26-02-2024 05:15:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.

Share This Story