20 May - 4 min read

Results of annual general meeting

Results of annual 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”)

RESULTS OF ANNUAL GENERAL MEETING

Shareholders are advised that the voting results for the annual general meeting (“AGM”) of Brimstone, which was conducted entirely by electronic communication on Wednesday, 19 May
2021, are as follows:

 Resolution                               Number of shares voted          Percentage of shares in               For**                          Against**                 Abstained***
                                                                                  issue*                         %                                %                              %
                                                                                      %
                                      Ordinary shares      “N” ordinary    Ordinary            “N”   Ordinary        “N”    Total   Ordinary          “N”     Total   Ordinary            “N”
                                                                 shares      shares       ordinary     shares   ordinary   shares     shares     ordinary    shares     shares       ordinary
                                                                                            shares                shares                           shares                              shares
 1.   Ordinary resolution number 1:
      Re-election of directors
 1.1 MA Brey                           2 514 001 100       135 980 642        63.05         60.44       99.98      99.98    99.98       0.02          0.02     0.02       0.08          0.01
 1.2 GG Fortuin                        2 514 001 100       135 980 642        63.05         60.44      100.00      100.00   100.00      0.00          0.00     0.00       0.08          0.01
 1.3 MJT Hewu                          2 514 001 100       135 980 642        63.05         60.44       97.64      99.90    97.76       2.36          0.10     2.24       0.08          0.01
 1.4 N Khan                            2 514 001 100       135 980 642        63.05         60.44       97.64      99.90    97.76       2.36          0.10     2.24       0.08          0.01
 2.   Ordinary resolution number 2:
      Appointment of members of
      the audit and risk committee
 2.1 N Khan (subject to his re-        2 514 001 100       110 667 605        63.05         49.19       97.64      99.88    97.73       2.36          0.12     2.27       0.08         11.26
       election as a director)
 2.2 PL Campher                        2 514 001 100       135 980 642        63.05         60.44       97.64      95.31    97.52       2.36          4.69     2.48       0.08          0.01
 2.3 KR Moloko                         2 514 001 100       135 980 642        63.05         60.44      100.00      100.00   100.00      0.00          0.00     0.00       0.08          0.01
 2.4 LA Parker                         2 514 001 100       135 980 642        63.05         60.44       97.64      81.29    96.80       2.36         18.71     3.20       0.08          0.01
 2.5 FD Roman                          2 514 001 100       135 980 642        63.05         60.44       97.64      99.90    97.76       2.36          0.10     2.24       0.08          0.01
 3.   Ordinary resolution number 3:    2 514 001 100       135 980 642        63.05         60.44      100.00      100.00   100.00      0.00          0.00     0.00       0.08          0.01
      Appointment of auditors
 4.   Ordinary resolution number 4:    2 514 001 100       135 925 153        63.05         60.42       97.64      69.35    96.19       2.36         30.65     3.81       0.08          0.03
     To place the unissued shares
     under the directors’ control
5.   Ordinary resolution number 5:     2 514 001 100       135 980 642        63.05         60.44       98.14      73.83    96.89       1.86         26.17     3.11       0.08          0.01
     Approval to issue shares for
     cash
6.   Ordinary resolution number 6:     2 514 001 100       135 980 642        63.05         60.44      100.00      81.38    99.04       0.00         18.62     0.96       0.08          0.01
     Specific authority to directors
     to offer different dividend
     alternatives
7.   Non-binding advisory              2 514 001 100       135 925 153        63.05         60.42       97.83      93.02    97.59       2.17          6.98     2.41       0.08          0.03
     resolution 1: Remuneration
     policy
8.   Non-binding advisory              2 514 001 100       135 925 153        63.05         60.42       99.98      92.50    99.60       0.02          7.50     0.40       0.08          0.03
     resolution 2: Implementation
     report
9.   Special resolution number 1:      2 513 976 100       135 925 153        63.05         60.42      100.00      95.40    99.76       0.00          4.60     0.24       0.08          0.03
     Non-executive directors’ fees
10. Special resolution number 2:       2 514 001 100       135 925 153        63.05         60.42       96.20      99.90    96.39       3.80          0.10     3.61       0.08          0.03
    General authority to
    repurchase Ordinary and “N”
    Ordinary shares
11. Special resolution number 3:       2 514 001 100       135 925 153        63.05         60.42       98.14      95.33    97.99       1.86          4.67     2.01       0.08          0.03
    General authority for financial
    assistance in terms of Section
    44 of the Act
12. Special resolution number 4:       2 514 001 100       135 925 153        63.05         60.42       98.14      95.33    97.99       1.86          4.67     2.01       0.08          0.03
    General authority for financial
    assistance in terms of Section
    45 of the Act
13. Special resolution number 5:       2 514 001 100       135 925 153        63.05         60.42      100.00      81.38    99.04       0.00         18.62     0.96       0.08          0.03
    Authority to issue shares to
    persons falling within the
    ambit of Section 41(1) of the
    Act for the purpose of
    distribution reinvestment
    alternatives

*     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 AGM. Brimstone ordinary shares carry 100 votes per ordinary share and “N” ordinary shares carry 1 vote per “N” ordinary share.
**    In relation to the total number of ordinary shares and “N” ordinary shares voted at the AGM.
***   In relation to the total number of ordinary shares and “N” ordinary shares in issue at the date of the AGM.

Based on the above voting results, all resolutions were passed by the requisite majority of Brimstone shareholders present in person or represented by proxy at the AGM.

Cape Town
20 May 2021

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

Date: 20-05-2021 11:27:00
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