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Brimstone Investment Corporation - N Shares (JSE:BRN) News - Results of annual general meeting
The JSE willBrimstone 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 Monday, 30 May
2022, 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 T Moodley 2 758 997 500 154 193 361 69.19 68.54 100.00 100.00 100.00 0.00 0.00 0.00 0.08 0.01
1.2 LA Parker 2 758 997 500 154 193 361 69.19 68.54 98.31 66.11 96.61 1.69 33.89 3.39 0.08 0.01
1.3 F Robertson 2 758 997 500 154 193 361 69.19 68.54 99.99 97.65 99.86 0.01 2.35 0.14 0.08 0.01
1.4 FD Roman 2 758 997 500 154 193 361 69.19 68.54 99.99 90.39 99.48 0.01 9.61 0.52 0.08 0.01
2. Ordinary resolution number 2:
Election of directors
2.1 L Wort 2 758 997 500 154 193 361 69.19 68.54 100.00 92.20 99.59 0.00 7.80 0.41 0.08 0.01
2.2 M Ndlovu 2 758 997 500 154 193 361 69.19 68.54 100.00 100.00 100.00 0.00 0.00 0.00 0.08 0.01
3. Ordinary resolution number 3:
Appointment of members of
the audit and risk committee
3.1 N Khan 2 758 997 500 154 193 361 69.19 68.54 98.31 66.58 96.63 1.69 33.42 3.37 0.08 0.01
3.2 PL Campher 2 758 997 500 154 193 361 69.19 68.54 98.31 83.02 97.51 1.69 16.98 2.49 0.08 0.01
3.3 KR Moloko 2 758 997 500 154 193 361 69.19 68.54 100.00 100.00 100.00 0.00 0.00 0.00 0.08 0.01
3.4 M Ndlovu (subject to his 2 758 997 500 154 193 361 69.19 68.54 100.00 100.00 100.00 0.00 0.00 0.00 0.08 0.01
election as a director)
3.5 LA Parker (subject to his 2 758 997 500 154 193 361 69.19 68.54 98.31 66.11 96.61 1.69 33.89 3.39 0.08 0.01
election as a director)
3.6 FD Roman (subject to her 2 758 997 500 154 193 361 69.19 68.54 98.31 82.56 97.48 1.69 17.44 2.52 0.08 0.01
election as a director)
3.7 L Wort (subject to his election 2 758 997 500 154 193 361 69.19 68.54 99.99 92.18 99.57 0.01 7.82 0.43 0.08 0.01
as a director)
4. Ordinary resolution number 4: 2 758 997 500 154 193 361 69.19 68.54 99.99 99.98 99.99 0.01 0.02 0.01 0.08 0.01
Re-appointment of auditors
5. Ordinary resolution number 5: 2 758 997 500 154 193 361 69.19 68.54 98.14 62.22 96.24 1.86 37.78 3.76 0.08 0.01
To place the unissued shares
under the directors’ control
6. Ordinary resolution number 6: 2 758 997 500 154 193 361 69.19 68.54 96.66 62.02 94.83 3.34 37.98 5.17 0.08 0.01
Approval to issue shares for
cash
7. Ordinary resolution number 7: 2 758 997 500 154 193 361 69.19 68.54 98.33 75.27 97.11 1.67 24.73 2.89 0.08 0.01
Specific authority to directors
to offer different dividend
alternatives
8. Non-binding advisory 2 758 997 500 154 193 361 69.19 68.54 98.14 90.28 97.73 1.86 9.72 2.27 0.08 0.01
resolution 1: Remuneration
policy
9. Non-binding advisory 2 758 997 500 154 193 361 69.19 68.54 98.14 90.28 97.73 1.86 9.72 2.27 0.08 0.01
resolution 2: Implementation
report
10. Special resolution number 1: 2 758 997 500 154 193 361 69.19 68.54 99.99 99.98 99.99 0.01 0.02 0.01 0.08 0.01
Non-executive directors’ fees
11. Special resolution number 2: 2 758 997 500 154 193 361 69.19 68.54 96.84 99.94 97.00 3.16 0.06 3.00 0.08 0.01
General authority to
repurchase Ordinary and “N”
Ordinary shares
12. Special resolution number 3: 2 758 997 500 154 193 361 69.19 68.54 98.51 90.83 98.10 1.49 9.17 1.90 0.08 0.01
General authority for financial
assistance in terms of Section
44 of the Act
13. Special resolution number 4: 2 758 997 500 154 193 361 69.19 68.54 96.66 90.80 96.35 3.34 9.20 3.65 0.08 0.01
General authority for financial
assistance in terms of Section
45 of the Act
14. Special resolution number 5: 2 758 997 500 154 193 361 69.19 68.54 100.00 71.68 98.50 0.00 28.32 1.50 0.08 0.01
Authority to issue shares to
persons falling within the
ambit of Section 41(1) of the
Act for the purpose of
distribution reinvestment
alternatives
15. Special resolution number 6: 2 758 997 500 115 648 847 69.19 51.40 100.00 100.00 100.00 0.00 0.00 0.00 0.08 0.01
Specific Repurchase of “N”
ordinary shares
* 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
30 May 2022
Sponsor
Nedbank Corporate and Investment Banking, a division of Nedbank Limited
Date: 30-05-2022 01:55:00
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