TIGER BRANDS LIMITED - Results of the extraordinary general meeting2020/09/16 07:05:00
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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 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.