17 Aug - 3 min read

Results of Annual General Meeting

Results of Annual General Meeting

Balwin Properties Limited
(Incorporated in the Republic of South Africa)
Registration number 2003/028851/06
Share code: BWN
ISIN: ZAE000209532
(“Balwin” or “the Group”)



RESULTS OF ANNUAL GENERAL MEETING



Balwin shareholders are advised that at the annual general meeting of shareholders held on
Tuesday, 17 August 2021 at 10h00 ("AGM"), all ordinary and special resolutions as set out in the
notice of AGM dated Monday, 17 May 2021, were approved by the requisite majority of
shareholders present or represented by proxy.

In this regard, Balwin confirms the voting statistics from the AGM as follows:

                                                                                    %         Number
 Total number of shares that could be voted at the AGM ("Total Shares")          100,00%     472,192,592
 Total number of shares present/represented including proxies at the              70,68%     333,766,291
 AGM ("Voted Shares")
 Total number of members present                                                                  23


                                         Votes in                  Votes
                                                         %                        %      Abstentions    %*
                                          favour                  against
 Ordinary resolution 1: Re-
 election of Hilton Saven as
 a director                            329,641,797    99,45%     1,835,349       0,55%     2,289,145   0,48%
 

 Ordinary resolution 2: Re-
 election of Arnold Shapiro
 as a director                         329,641,797    99,45%     1,835,349       0,55%     2,289,145   0,48%


 Ordinary resolution 3: Re-
 election of Tomi Amosun as
 a director                            329,641,797    99,45%     1,835,349       0,55%     2,289,145   0,48%
 

 Ordinary    resolution  4:
 Appointment of the
 external auditors                     331,467,436    100,00%      9,700         0,00%     2,289,155   0,48%
 

 Ordinary resolution 5: Re-
 appointment of Kholeka
 Mzondeki as a member of
 the audit and risk                    331,417,446    99,98%       59,700        0,02%     2,289,145   0,48%
 committee
 

 Ordinary resolution 6: Re-
 appointment of   Tomi
 Amosun as a member of
 the    audit    and     risk          331,417,446    99,98%       59,700        0,02%     2,289,145   0,48%
 committee
 

 Ordinary resolution 7: Re-
 appointment of Arnold
 Shapiro as a member of the            331,452,446   99,99%        24,700        0,01%     2,289,145   0,48%
 audit and risk committee


 Ordinary resolution 8: Re-
 appointment of Duncan
 Westcott as a member of
 the    audit    and    risk           331,452,446   99,99%        24,700        0,01%     2,289,155   0,48%
 committee
 

 Ordinary   resolution 9.1
 Endorsement of the
 remuneration policy                   312,127,308   94,17%      19,335,996      5,83%     2,302,987   0,49%
 

 Ordinary  resolution 9.2
 Endorsement of the
 implementation report                 312,410,404   94,25%      19,071,900      5,75%     2,283,987   0,48%
 

 Ordinary   resolution  10:
 Authority to directors to
 implement resolutions                 331,467,446   100,00%        9,700        0,00%      2,289,145  0,48%
 

 Ordinary    resolution  11:
 General authority to issue            273,351,476   82,47%       58,122,128     17,53%     2,292,687  0,49%
 shares for cash
                                   
 
 Special      resolution 1:
 Approval of non-executive
 directors’ fees                       331,384,218   99,98%         80,228       0,02%       2,301,845  0,49%


 Special   resolution    2:
 Financial assistance to
 related and inter-related             329,637,787   99,99%         24,700        0,01%      4,103,804  0,87%
 companies


 Special     resolution  3:
 Authority   to repurchase
 shares                                330,316,070   99,65%        1,152,376      0,35%      2,297,845  0,49%
 


* Abstentions are represented as a percentage of total issued ordinary shares.




 Bedfordview
 17 August 2021
 Sponsor
 Investec Bank Limited

Date: 17-08-2021 03:00:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.
Information on this Website is provided for general information purposes only and is not a substitute for professional advice. ASX Information (including company announcements and prices) is delayed by at least 20 minutes. JSE Information (including company announcements and prices) is delayed by at least 15 minutes. Reliance on the information you access on or from this Website is solely at your own risk. We make no representation or warranty in relation to the future performance of the companies that appear on this Website. Investment in securities involves risk and you should obtain independent professional legal, financial, investment or company advice before acting on any of the information you access on this Website. Using, browsing or otherwise accessing this Website is subject to our Terms and Conditions and our Privacy Policy.

© 2021 Listcorp. ABN 60 166 140 307

Never miss news from Balwin Properties Limited (JSE:BWN) when you join Listcorp.