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TIGER BRANDS LIMITED - Results of the extraordinary general meeting
2020/09/16 07:05:00Download PDF Stock report
Results of the extraordinary general meeting
TIGER BRANDS LIMITED
“Tiger Brands” or “the Company”
(Incorporated in the Republic of South Africa)
(Registration number 1944/017881/06)
Share code: TBS
ISIN: ZAE000071080
RESULTS OF THE EXTRAORDINARY GENERAL MEETING
Introduction
Shareholders are referred to the announcement dated 17 August
2020 (“the Announcement”) regarding the disposal by Tiger
Brands, through its wholly owned subsidiary, Tiger Consumer
Brands Limited (“the Seller”) of its Value-Added Meat Product
business units (“the Business”), and the notice of the
Extraordinary General Meeting (“EGM”) posted on that day.
As referred to in the Announcement and notice of the EGM, the
Seller has agreed to provide various warranties and indemnities
to the purchasers of the Business which are customarily given
in transactions of this nature. As security for these
warranties and indemnities, the purchasers required Tiger
Brands to guarantee the obligations of the Seller (“the
Financial Assistance’). Tiger Brands has agreed to do so,
subject to the necessary shareholder approval at the EGM in
terms of section 45 of the Companies Act for the Financial
Assistance.
Results of EGM
Shareholders are hereby advised of the results of the EGM which
was held by electronic participation, at 12h00, yesterday, on
Tuesday, 15 September 2020. All of the resolutions tabled were
passed by the requisite majority of votes cast by shareholders
present in person or represented by proxy.
1. As at Friday, 4 September 2020, being the record date on
which shareholders must be recorded in the Company’s register
of shareholders for the purposes of being entitled to attend
and vote at the EGM, the total number of the Company’s shares
in issue was 189 818 926.
2. The total number of shares eligible to vote was 179 492 168
(excluding treasury shares) (“Total Voteable Shares”).
3. The total number of shares voted in person or by proxy at
the Company’s EGM was 158,114,932 representing 88.09% of
Tiger Brands issued share capital and 88.09% of the Total
Voteable Shares.
4. Abstentions are reflected as a percentage of 189 818 926
shares in issues at the record date of Friday, 4 September
2020.
5. Details of the voting results at the EGM are as follows:
Special resolution number 1: Approval of Financial
Assistance to Tiger Consumer Brands Limited
For Against Abstain Shares Voted
157 804 188 293 987 16 757 158 098 175
99.81% 0.19% 0.01% 88.08%
Ordinary resolution number 1: General Authority
For Against Abstain Shares Voted
157 794 190 303 985 16 757 158 098 175
99.81% 0.19% 0.01% 88.08%
Bryanston
16 September 2020
Sponsor:
J.P. Morgan Equities South Africa Proprietary Limited
Date: 16-09-2020 07:05:00
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