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STENPROP LIMITED - RESULTS OF SPECIAL GENERAL MEETING

Hamilton, Bermuda:  March 7, 2018 –In a filing with the Bermuda Stock Exchange (“BSX”), Stenprop Limited (the “Company” or “Stenprop”; Ticker: STP.BH) reported the results of the special general meeting of shareholders held on Wednesday, 7 March 2018. The full filing stated:

STENPROP LIMITED

(Incorporated in Bermuda)

(Registration number 47031)

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

ISIN:  BMG8465Y1093

(“Stenprop”or the “Company”)

 

 

Shareholders are advised that all the resolutions tabled at the special general meeting of shareholders held on Wednesday, 7 March 2018 (in terms of the notice of special general meeting dispatched to shareholders on 7 February 2018) were passed by the requisite majority of Stenprop 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: 282,692,287; and

-          total number of Stenprop shares that were present/represented by proxy at the special general meeting: 95,048,929 (being 33.62% of the total number of shares that could have been voted at the meeting).

 

Special resolutions

 

Resolution number 1: Migration of the company to Guernsey

 

Shares*

94,955,332

For

94,911,533 being 99.95%

Against

43,799 being 0.05%

Votes Withheld^

93,597 being 0.03%

 

 

Resolution number 2: Adoption of the new memorandum and articles of incorporation

 

 

Shares*

94,955,332

For

94,911,533 being 99.95%

Against

43,799, being 0.05%

Votes Withheld^

93,597 being 0.03%

 

 

Extraordinary resolution

 

Resolution number 3: Disapplication of pre-emption rights

 

Shares*

94,808,012

For

88,147,486 being 92.97%

Against

6,660,526 being 7.03%

Votes Withheld^

240,917 being 0.09%

*excluding abstentions

^ in relation to total shares in issue

 

Shareholders are referred to the announcement released by the company on SENS and the BSX website on 7 February 2018 and are advised that the salient dates and times relating to the migration of the company’s jurisdiction of incorporation from Bermuda to Guernsey remain unchanged.

 

Stenprop has a primary listing on the Main Board of the JSE and a secondary listing on the BSX.

 

8 March 2018

 

 

JSE sponsor

00108980 

 

Java Capital

 

Bermuda Stock Exchange sponsor

Estera Securities (Bermuda) Limited