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TRUSTCO GROUP HOLDINGS LIMITED - results of AGM

Release Date: 19/10/2017 14:45
Code(s): TTO     PDF:  
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results of AGM

TRUSTCO GROUP HOLDINGS LIMITED
Incorporated in the Republic of Namibia
(Registration number 2003/058)
NSX Share Code: TUC
JSE Share Code: TTO
ISIN Number: NA000A0RF067
(“Trustco” or “the Company”)




RESULTS OF ANNUAL GENERAL MEETING




The board of directors of Trustco advises that at the Annual General Meeting of shareholders held on 19 October
2017 (“AGM”), the following resolutions, as set out in the Integrated Annual Report posted to shareholders on 22
August 2017, were duly approved by the requisite majority of shareholders present and voting:

Shareholders are advised that:

-       there were 772 142 090 shares in issue as at the date of the AGM;
-       the total number of shares that were present in person/represented by proxy at the AGM was 544 471 216
        shares being 70.51% of the total number of shares in issue.
-       Abstentions are represented below as a percentage of total number of shares in issue while the shares voted for
        and against are represented below as a percentage of the shares voted.




    Resolution
                                               Shares voted for       Shares voted against        Shares abstained



    Ordinary Business
    1   Presentation and approval of annual        544 319 727                   12 521                 138 968
        financial statements and reports for
                                                     99.998%                     0.002%                 0.018%
        financial year ended 31 March 2017
    2   2.1) To determine that the company         544 205 627                   12 521                 253 068
             may    appoint    a   maximum
                                                     99.998%                     0.002%                 0.033%
             number of 12 directors
    2   2.2) to re-appoint Mr Jabu Mahlangu        544 152 646                   12 551                 306 019
             as non-executive director
                                                     99.998%                     0.002%                 0.040%
        2.2) to re-appoint Mr Winton Geyser        544 152 558                   12 639                 306 019
             as non-executive director
                                                     99.998%                     0.002%                 0.040%

 3   To re-appoint BDO Namibia as                 541 873 285                  2 408 512               189 419
     independent group external auditors
                                                     99.557%                     0.443%                0.025%
 4   Non-binding advisory endorsement             539 959 657                  4 201 937              309 622
     of   the   company’s   remuneration
                                                     99.228%                     0.772%                0.040%
     policy
 5   To approve the remuneration of the          543 975 790                    185 804               309 622
     non-executive directors
                                                     99.966%                     0.034%                0.040%
 6   General authority to issue shares for       540 281 798                   3 993 896              195 522
     cash
                                                     99.266%                     0.734%                0.025%
 Special Business  
                                             Shares voted for   Shares voted against   Shares abstained
 1   General authority to repurchase             543 292 461                   985 733                193 022
     shares
                                                     99.819%                    0.181%                 0.025%
  


19 October 2017




Amanda Bruyns

Company Secretary

Trustco Group Holdings Limited

Windhoek




JSE Sponsor

Sasfin Capital (a member of the Sasfin group)




NSX Sponsor

Simonis Storm Securities (Pty) Ltd

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