News
Report on proceedings at the AGM
8 August 2016
TRENCOR LIMITED
(Incorporated in the Republic of South Africa)
(Registration No 1955/002869/06)
Share Code: TRE
ISIN: ZAE000007506
(“Trencor” or “the company”)
REPORT ON PROCEEDINGS AT THE ANNUAL GENERAL MEETING
At the annual general meeting (“AGM”) of shareholders of Trencor held on Friday, 5 August 2016, 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 | 177 068 011 |
| Total number of shares represented at the AGM | 158 940 131 (89,762%) |
| Resolutions | Votes carried disclosed as a percentage in relation to the total number of shares voted at the AGM |
Number of shares voted |
Shares voted disclosed as a percentage in relation to the total issued share capital | Shares abstained disclosed as a percentage in relation to the total issued share capital | |
| For | Against | ||||
| Ordinary resolution number 1.1: Election of E Oblowitz as a director | 99,998% | 0,002% | 158 424 363 | 89,471% | 0,006% |
| Ordinary resolution number 1.2: Election of RJA Sparks as a director | 99,998% | 0,002% | 158 424 363 | 89,471% | 0,006% |
| Ordinary resolution number 1.3: Election of RA Sieni as a director | 99,845% | 0,155% | 158 424 363 | 89,471% | 0,006% |
| Non-binding advisory vote: Endorsement of remuneration policy | 66,371% | 33,629% | 149 250 937 | 84,290% | 5,187% |
| Ordinary resolution number 2: Reappointment of KPMG Inc as independent auditor | 86,659% | 13,341% | 158 424 363 | 89,471% | 0,006% |
| Ordinary resolution number 3.1: Election of E Oblowitz as audit committee member | 99,998% | 0,002% | 158 424 363 | 89,471% | 0,006% |
| Ordinary resolution number 3.2: Election of RJA Sparks as audit committee member | 99,998% | 0,002% | 158 424 363 | 89,471% | 0,006% |
| Ordinary resolution number 3.3: Election of H Wessels as audit committee member | 99,998% | 0,002% | 158 424 363 | 89,471% | 0,006% |
| Special resolution number 1: Approval and authorisation of the provision of financial assistance by the company to related or inter-related companies | 99,820% | 0,180% | 158 424 363 | 89,471% | 0,006% |
| Special resolution number 2: Approval of non-executive directors’ remuneration from 1 July 2016 until the next AGM | 99,998% | 0,002% | 158 424 363 | 87,471% | 0,006% |
| 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 | 99,815% | 0,185% | 158 424 363 | 87,471% | 0,006% |
Trencor Services (Pty) Ltd
Secretaries
8 August 2016
Sponsor
Rand Merchant Bank (A division of FirstRand Bank Limited)