Trencor

Report on proceedings at the annual general meeting

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

VOTING RESULTS

At the annual general meeting (“AGM”) of shareholders of Trencor held on Tuesday, 14 August 2018, 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 162 637 576 (91,85%)

 

 

 

 

 

 

Resolutions

 

 

Votes cast 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 David Nurek as a director 83,89% 16,11% 162 348 188 91,69% 0,16%
Ordinary resolution number 1.2: Election of Eddy Oblowitz as a director 85,85% 14,15% 162 348 188 91,69% 0,16%
Ordinary resolution number 1.3: Election of Roddy Sparks as a director 97,27% 2,73% 162 348 188 91,69% 0,16%
Non-binding advisory vote number 1: Endorsement of remuneration policy 63,59% 36,41% 157 391 612 88,89% 2,96%
Non-binding advisory vote number 2: Endorsement of remuneration implementation report 80,02% 19,98% 162 349 596 91,69% 0,16%
Ordinary resolution number 2: Reappointment of KPMG Inc as independent auditor 85,33% 14,67% 162 637 576 91,85% 0,00%
Ordinary resolution number 3.1: Election of Eddy Oblowitz as audit committee member 85,88% 14,12% 162 348 188 91,69% 0,16%
Ordinary resolution number 3.2: Election of Roddy Sparks as audit committee member 98,33% 1,67% 162 348 188 91,69% 0,16%
Ordinary resolution number 3.3: Election of Herman Wessels as audit committee member 99,24% 0,76% 162 348 188 91,69% 0,16%
Special resolution number 1: Approval and authorisation of the provision of financial assistance by the company to related and/or inter-related companies 98,89% 1,11% 162 349 888 91,69% 0,16%
Special resolution number 2: Approval of non-executive directors’ remuneration from 1 July 2018 93,74% 6,26% 162 336 746 91,68% 0,17%
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 99,22% 0,78% 162 349 888 91,69% 0,16%

Non-binding advisory vote number 1 relating to the endorsement of the company’s remuneration policy received less than 75% support from shareholders. Accordingly, Trencor requests shareholders who voted against non-binding advisory vote number 1 or abstained from voting, to provide their details to the company secretary at This email address is being protected from spambots. You need JavaScript enabled to view it. before 7 September 2018, in order for the company to arrange engagement with the respective shareholders to ascertain the reasons for their votes.

Trencor Services Proprietary Limited
Secretaries
16 August 2018

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

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About Trencor

TRENCOR LIMITED is an investment holding company listed on the JSE. Trencor benefits from operations that focus on owning, leasing, managing and trading marine cargo containers worldwide.

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