STENPROP LIMITED announces RESULTS OF SPECIAL GENERAL MEETING

Hamilton, Bermuda:  02 June 2015 – Stenprop Limited (the “Company” or “Stenprop”; Ticker: STP.BH) announces results of the Special General Meeting.  The filing stated:

Shareholders are referred to the announcement released on 6 May 2015 wherein shareholders were advised that Stenprop had posted a notice of special general meeting to its shareholders relating to: 

-          the approval of a deferred share bonus plan adopted by the directors of the Company on 28 April 2015; 

-          the approval of a share purchase plan adopted by the directors of the Company on 28 April 2015;  and

-          the authorization of the directors of the Company to create a charitable trust, and to issue and sell 10 million new shares in the Company to such trust,

(collectively, the “transactions”).

Shareholders are advised that at the special general meeting held on 2 June 2015, all resolutions required to be passed by Stenprop shareholders in order to approve the transactions were passed by the requisite majority of shareholders. 

Details of the results of voting at the special general meeting are as follows:

-          total number of Stenprop shares that could have been voted at the special general meeting: 272 236 146;  and

-          total number of Stenprop shares that were present/represented at the special general meeting: 81 265 275 (being 29.85% of the total number of shares that could have been voted at the meeting).

Stenprop has a primary listing on the Bermuda Stock Exchange and a secondary listing on the Alternative Exchange of the JSE. 

2 June 2015

South African corporate advisor and JSE sponsor

Java Capital

Bermuda Stock Exchange sponsor

Appleby Securities (Bermuda) Ltd.

STENPROP LIMITED

(Formerly GoGlobal Properties Limited)

(Incorporated in Bermuda)

(Registration number 47031)

BSX share code: STP.BH    JSE share code: STP   

ISIN:  BMG8465Y1093