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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%) |
| Votes cast disclosed as a percentage in relation to the total number of shares voted at the AGM | |||||
| Resolutions | For | Against | 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 |
| 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 info@trencor.net 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)