TRUSTCO GROUP HOLDINGS LIMITED - Results of Annual General Meeting

Results of Annual General Meeting

    TRUSTCO GROUP HOLDINGS LIMITED
     Incorporated in the Republic of Namibia
    (Registration number 2003/058)
    Registered as an external company in South Africa
    (External registration number 2009/002634/10)
    NSX share code: TUC
    JSE share code: TTO
    ISIN Number: NA000A0RF067
    (“Trustco” or “the Company”)




                              RESULTS OF ANNUAL GENERAL MEETING




The board of directors of Trustco advises that at the Annual General Meeting of
shareholders held on 20 September 2018 (“AGM”), all the resolutions, as set out in
the Integrated Annual Report posted to shareholders on 30 July 2018, were duly
approved by the requisite majority of shareholders present and voting.


Shareholders are advised that:
-       there were 827 142 090 shares in issue as at the date of the AGM;
-       the total number of shares that were present in person/represented by proxy at
        the AGM was 737 602 147 shares being 89.17% of the total number of shares in
        issue and 94.31% net of treasury shares.
-       Abstentions are represented below as a percentage of total number of shares in
        issue while the shares voted for and against are represented below as a
        percentage of the shares voted.



    Resolution
                                                         Shares voted   Shares       voted   Shares
                                                         for            against              abstained
    Ordinary Business
    1    Presentation   and   approval    of   annual       737 588 477      0            13 670
         financial   statements   and    reports   for
         financial year ended 31 March 2018                 100%             0%           0%
 
2   2.1) To determine that the company may                   737 588 477     0            13 670
          appoint        a   maximum     number    of   12   100%            0%           0%
          directors

     2.2)     to        re-appoint     advocate    Raymond    737 588 477     0           13 670
          Heathcote, SC as non-executive director             100%            0%          0%

     2.2) to re-appoint Mr Renier Taljaard as                 737 588 477     0           13 670
          non-executive director                              100%            0%          0%

     2.4) to appoint Professor Lana Weldon as                 737 588 477     0           13 670
          non-executive director                              100%            0%          0%

     2.5) to appoint Ms Kristin van Niekerk as                737 588 477     0           13 670
          non-executive director                              100%            0%          0%

 3   To     re-appoint       Moore   Stephens     and   BDO   727 075 755    10 512 722   13 670
     Namibia       as     independent    group    external    98.57%         1.43%        0%
     auditors

 4   4.1) Non-binding advisory endorsement of                 729 287 793    8 300 684     13 670
     the company’s remuneration policy                        98.87%         1.13%         0%

     4.2) Non-binding advisory endorsement of                 730 099 561    7 488 916     13 670
     the company’s remuneration implementation                98.98%         1.02%         0%
     policy

 5   To approve the remuneration of the non-                  737 473 467    115 010       13 670
     executive directors                                      99.98%         0.02%         0%

 6   General authority to issue shares for cash               727 472 164    10 116 313    13 670
                                                              98.63%         1.37%         0%

 8   Directors authority to sign documentation                735 125 049    2 463 428     13 670
                                                              99.66%         0.33%         0%

  Special Business
                                                              Shares voted   Shares voted    Shares
                                                                  for          against      abstained
 7   General authority to repurchase shares                   736 612 740      975 737       13 670
                                                              99.87%           0.13%          0%


20 September 2018


Amanda Bruyns
Company Secretary
Trustco Group Holdings Limited
Windhoek




JSE Sponsor
Vunani Corporate Finance


NSX Sponsor
Simonis Storm Securities Proprietary Limited

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