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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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