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STENPROP LIMITED - RESULTS OF EXTRAORDINARY GENERAL MEETING
Hamilton, Bermuda: 25 January 2018 –In a filing with the Bermuda Stock Exchange (“BSX”), Stenprop Limited (the “Company” or “Stenprop”; Ticker: STP.BH) reported the results of the extraordinary general meeting of shareholders held on Wednesday, 24 January 2018. The full filing stated:
Shareholders are advised that all the resolutions tabled at the extraordinary general meeting of shareholders held on Wednesday, 24 January 2018 (in terms of the notice of extraordinary general meeting dispatched to shareholders on 14 December 2017) were passed by the requisite majority of Stenprop shareholders.
Details of the results of voting at the extraordinary general meeting are as follows:
- total number of Stenprop shares that could have been voted at the extraordinary general meeting: 282,692,287; and
- total number of Stenprop shares that were present/represented by proxy at the extraordinary general meeting: 130,361,776 (being 46.11% of the total number of shares that could have been voted at the meeting).
Ordinary resolutions
Resolution number 1: Adoption of the proposed amendments to the Stenprop deferred share bonus plan
Shares*
129,779,799
For
119,166,214, being 91.82%
Against
10,613,585, being 8.18%
Votes Withheld^
581,977, being 0.20%
Resolution number 2: Adoption of the Stenprop long-term incentive plan
Shares*
130,045,460
For
118,200,026, being 90.89%
Against
11,845,434, being 9.11%
Votes Withheld^
316,316, being 0.11%
*excluding abstentions
^ in relation to total shares in issue
25 January 2018
JSE sponsor
JAVA CAPITAL
Bermuda Stock Exchange sponsor
Estera Securities (Bermuda) Limited