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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 Company")
RESULTS OF ANNUAL GENERAL MEETING
Balwin shareholders are advised that at the annual general meeting of shareholders held on
Wednesday, 21 August 2024 at 09h00 ("AGM"), all ordinary and special resolutions as set out in the
notice of AGM dated Monday, 20 May 2024, 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% 519,411,852
Total number of shares present/represented including proxies at the 80.62% 418,755,363
AGM ("Voted Shares")
Total number of members present/represented including proxies 18
Votes in Votes
% % Abstentions ** %
favour * against *
Ordinary resolution 1: Re-
election of Arnold Shapiro
as an independent non- 360,840,236 86.18% 57,865,097 13.82% 50,030 0.01%
executive director
Ordinary resolution 2: Re-
election of Thoko
Mokgosi-Mwantembe as
336,031,239 80.25% 82,674,094 19.75% 50,030 0.01%
an independent non-
executive director
Ordinary resolution 3: Re-
election of Reggie
Kukama as a non- 281,928,333 77.32% 82,674,094 22.68% 54,152,936 10.43%
executive director
Ordinary resolution 4: Re-
appointment of the
auditors (BDO South
Africa Incorporated and 418,560,121 99.97% 145,212 0.03% 50,030 0.01%
designated audit partner,
Vianca Pretorius)
Ordinary resolution 5: Re-
election of Tomi Amosun
as a member of the audit 364,950,731 87.16% 53,745,085 12.84% 59,547 0.01%
and risk committee
Ordinary resolution 6: Re-
election of Arnold Shapiro
as a member of the audit 360,749,536 86.16% 57,955,797 13.84% 50,030 0.01%
and risk committee
Ordinary resolution 7: Re-
election of Keneilwe
Moloko as a member of
418,560,248 99.97% 145,085 0.03% 50,030 0.01%
the audit and risk
committee
Ordinary resolution 8.1
Endorsement of the
328,867,785 78.54% 89,837,421 21.46% 50,157 0.01%
remuneration policy
Ordinary resolution 8.2
Endorsement of the
357,811,794 85.46% 60,893,412 14.54% 50,157 0.01%
implementation report
Ordinary resolution 9:
Authority to directors to
418,560,248 99.97% 145,085 0.03% 50,030 0.01%
implement resolutions
Ordinary resolution 10:
General authority to issue
360,161,294 86.02% 58,543,912 13.98% 50,157 0.01%
shares for cash
Special resolution 1:
Remuneration of non-
331,805,527 79.25% 86,899,679 20.75% 50,157 0.01%
executive directors
Special resolution 2:
Financial assistance to
related and inter-related 389,631,112 93.06% 29,074,094 6.94% 50,157 0.01%
companies
Special resolution 3:
Authority to repurchase
415,713,079 99.29% 2,992,127 0.71% 50,157 0.01%
shares by the Company
* Votes cast disclosed as a percentage of the total number of shares voted at the meeting.
** Abstentions are represented as a percentage of total issued ordinary shares.
Corlett Drive
21 August 2024
Sponsor
Investec Bank Limited
Date: 21-08-2024 03:25:00
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