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TIGER BRANDS LIMITED - Results of the extraordinary general meeting

2020/09/16 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
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