Balwin shareholders back all resolutions at AGM

Balwin Properties Limited announced that all ordinary and special resolutions were approved by the requisite majority of shareholders at its Annual General Meeting (AGM) held on Wednesday, August 27, 2025. The total number of shares that could be voted was 519,411,852, with 74.92% or 389,148,940 shares present or represented, including proxies.

Key ordinary resolutions, such as the re-election of Hilton Saven and Tomi Amosun as independent non-executive directors, passed with high approval rates. Hilton Saven's re-election received 99.39% of votes in favour, with 2,386,642 votes against. Tomi Amosun's re-election garnered 99.33% in favour, with 2,606,931 votes against. The re-appointment of auditors, BDO South Africa Incorporated, also saw strong support with 99.99% of votes in favour and 54,385 votes against.

Special resolutions, including the general authority to issue shares for cash, passed with 83.75% of votes in favour and 16.25% against. The authority to repurchase shares by the company also received 99.25% in favour and 0.75% against. Votes cast are disclosed as a percentage of total shares voted, while abstentions are a percentage of total issued ordinary shares.