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STENPROP LIMITED- RESULTS OF ANNUAL GENERAL MEETING
Hamilton, Bermuda: September 14, 2017 –In a filing with the Bermuda Stock Exchange (“BSX”), Stenprop Limited (the “Company” or “Stenprop”; Ticker: STP.BH) announced the results of their AGM. The full filing stated:
Shareholders are advised that all the resolutions tabled at the annual general meeting of shareholders held on Wednesday, 13 September 2017 (in terms of the notice of annual general meeting dispatched to shareholders on 7 August 2017) were passed by the requisite majority of Stenprop shareholders.
Details of the results of voting at the annual general meeting are as follows:
- total number of Stenprop shares that could have been voted at the annual general meeting: 282,692,287; and
- total number of Stenprop shares that were voted in person or by proxy at the annual general meeting: 90,460,325 (being 32% of the total number of shares that could have been voted at the meeting).
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Special resolution
Resolution number 1: General authority to repurchase shares
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Shares* 90 460 325 |
For 90 108 557, being 99.61% |
Against 351 768, being 0.39% |
Votes Withheld^ 182 348, being 0.06% |
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Ordinary resolutions |
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Resolution number 2: To adopt the audited consolidated financial statements for the period 1 April 2016 to 31 March 2017
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Shares* 90 016 980 |
For 90 016 955, being 100% |
Against 25, being 0.00% |
Votes Withheld^ 625 693, being 0.22% |
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Resolution number 3: The appointment of Paul Miller as a director of the Company
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Shares* 88 700 862 |
For 83 866 890, being 94.55% |
Against 4 833 972, being 5.45% |
Votes Withheld^ 1 941 811, being 0.67% |
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Resolution number 4: The appointment of Warren Lawlor as a director of the Company
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Shares* 88 700 862 |
For 83 866 890, being 94.55% |
Against 4 833 972, being 5.45% |
Votes Withheld^ 1 941 811, being 0.69% |
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Resolution number 5: The re-election of Stephen Ball as a director of the Company
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Shares* 90 016 980 |
For 88 607 368, being 98.43% |
Against 1 409 612, being 1.57% |
Votes Withheld^ 625 693, being 0.22% |
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Resolution number 6: The re-election of Mandy Yachad as a director of the Company
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Shares* 88 700 862 |
For 83 866 915, being 94.55% |
Against 4 833 947, being 5.45% |
Votes Withheld^ 1 941 811, being 0.69% |
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Resolution number 7: The dual appointment of Stephen Ball as chairman of the board and member of the audit committee
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Shares* 90 016 980 |
For 87 570 254, being 97.28% |
Against 2 446 726, being 2.72% |
Votes Withheld^ 625 693, being 0.22% |
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Resolution number 8: The re-appointment of Deloitte LLP as auditors of the Company for the year ending 31 March 2018 and the terms, conditions and fees of their appointment be determined by the directors of the Company
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Shares* 90 016 955 |
For 90 016 955, being 100% |
Against - |
Votes Withheld^ 625 718, being 0.22% |
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Resolution number 9: General authority to issue shares pursuant to the BSX listing regulations
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Shares* 87 773 605 |
For 72 231 288, being 82.29% |
Against 15 542 317, being 17.71% |
Votes Withheld^ 2 789 602, being 0.99% |
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Resolution number 10: General but restricted authority to issue shares for cash pursuant to the JSE Listings Requirements
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Shares* 87 570 784 |
For 66 501 396, being 75.94% |
Against 21 069 388, being 24.06% |
Votes Withheld^ 2 832 090, being 1.00% |
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*excluding abstentions
^ in relation to total shares in issue
14 September 2017
JSE sponsor
JAVA CAPITAL
Bermuda Stock Exchange sponsor
Estera Securities (Bermuda) Limited
STENPROP LIMITED
(Incorporated in Bermuda)
(Registration number 47031)
BSX share code: STP.BH JSE share code: STP
ISIN: BMG8465Y1093
(“Stenprop”or the “Company”)
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