REBOSIS PROPERTY FUND LIMITED - Results of annual general meeting

Results of annual general meeting

REBOSIS PROPERTY FUND LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2010/003468/06)
JSE share codes:
REA ISIN: ZAE000240552
REB ISIN: ZAE000201687
Alpha code: REBI
(Approved as a REIT by the JSE)
(“Rebosis” or the “Company”)

RESULTS OF ANNUAL GENERAL MEETING

Rebosis shareholders are advised that the voting results for the annual general meeting of Rebosis (“AGM”) held at
the registered offices of the Company on Friday, 31 January 2020 were as follows.

 Resolution                                 Number of      Percentage          For**      Against**    Abstained***
                                      Ordinary shares     of Ords and              %              %               %
                                       (“Ords”) and A       A Ords in
                                      Ordinary shares          issue*
                                     (“A Ords”) voted               %
 
Special resolution 1:                504 719 936 Ords      72.18 Ords     74.81 Ords     25.19 Ords       0.08 Ords
 General authority to enable        59 160 986 A Ords    93.51 A Ords   94.51 A Ords    5.49 A Ords     0.00 A Ords
 the company (or any
 subsidiary) to repurchase
 shares of the company
 Special resolution 2:               504 712 936 Ords      72.18 Ords     99.06 Ords      0.94 Ords       0.09 Ords
 Authority to grant financial       59 160 986 A Ords    93.51 A Ords   84.96 A Ords   15.04 A Ords     0.00 A Ords
 assistance to related and
 inter-related companies
 Special resolution 3:               504 712 936 Ords      72.18 Ords     74.68 Ords     25.32 Ords       0.09 Ords
 General authority to provide       59 160 986 A Ords    93.51 A Ords   91.44 A Ords    8.56 A Ords     0.00 A Ords
 financial assistance for the
 subscription and/or purchase
 of securities in the company
 or in related or inter-related
 companies
 Special resolution 4:               503 218 772 Ords      71.97 Ords     99.55 Ords      0.45 Ords       0.30 Ords
 Approval of non-executive          59 160 986 A Ords    93.51 A Ords   89.25 A Ords   10.75 A Ords     0.00 A Ords
 directors’ remuneration for
 their services as directors
 Ordinary resolution 1:              356 546 704 Ords      50.99 Ords     84.51 Ords     15.49 Ords      21.28 Ords
 Approval of the annual             58 042 223 A Ords    91.74 A Ords   77.75 A Ords   22.25 A Ords     1.77 A Ords
 financial statements of the
 company
 Ordinary resolution 2:              503 165 693 Ords      71.96 Ords     99.88 Ords      0.12 Ords       0.31 Ords
 To re-elect Thabo Seopa as a       59 160 986 A Ords    93.51 A Ords   91.60 A Ords    8.40 A Ords     0.00 A Ords
 director of the company
 Ordinary resolution 3:              503 165 693 Ords      71.96 Ords     99.89 Ords      0.11 Ords       0.31 Ords
 To re-elect Francois Froneman      59 160 986 A Ords    93.51 A Ords   91.60 A Ords    8.40 A Ords     0.00 A Ords
 as a director of the company
 Ordinary resolution 4:
 Re-appointment and
 appointment of members of
 the audit and risk committee
 4.1 To re-appoint Francois          503 165 693 Ords       71.96 Ords     68.75 Ords     31.25 Ords      0.31 Ords
       Froneman as a member         59 160 986 A Ords     93.51 A Ords   87.17 A Ords   12.83 A Ords    0.00 A Ords
       and the chairman of the
       audit and risk
       committee
 4.2 To re-appoint Thabo             504 644 936 Ords       72.17 Ords     68.80 Ords     31.20 Ords      0.10 Ords
     Seopa as a member of           59 160 986 A Ords     93.51 A Ords   87.17 A Ords   12.83 A Ords    0.00 A Ords
     the audit and risk
     committee
 4.3 To re-appoint Nomfundo          503 165 693 Ords       71.96 Ords     68.66 Ords     31.34 Ords      0.31 Ords
     Qangule as a member of         59 160 986 A Ords     93.51 A Ords   87.17 A Ords   12.83 A Ords    0.00 A Ords
     the audit and risk
     committee
 Ordinary resolution 5:              502 949 729 Ords       71.93 Ords     97.88 Ords      2.12 Ords      0.34 Ords
 Re-appointment and                 59 160 986 A Ords     93.51 A Ords   88.34 A Ords   11.66 A Ords    0.00 A Ords
 appointment of members of
 the social and ethics
 committee
 Ordinary resolution 6:              503 142 729 Ords       71.95 Ords      97.65 Ords     2.35 Ords      0.31 Ords
 To re-appoint BDO South            59 160 986 A Ords     93.51 A Ords    93.20 A Ords   6.80 A Ords    0.00 A Ords
 Africa Inc as auditors of the
 company
 Ordinary resolution 7:              505 068 433 Ords       72.23 Ords     49.80 Ords     50.20 Ords      0.03 Ords
 General authority to issue         59 160 986 A Ords     93.51 A Ords   20.10 A Ords   79.90 A Ords    0.00 A Ords
 shares for cash
 Ordinary resolution 8:              504 442 936 Ords       72.14 Ords     52.26 Ords     47.74 Ords      0.12 Ords
 Specific authority to issue        59 160 986 A Ords     93.51 A Ords   23.53 A Ords   76.47 A Ords    0.00 A Ords
 shares pursuant to a
 reinvestment option
 Ordinary resolution 9:              503 210 134 Ords       71.96 Ords     23.42 Ords     76.58 Ords      0.30 Ords
 Non-binding advisory vote on       59 160 986 A Ords     93.51 A Ords    5.01 A Ords   94.99 A Ords    0.00 A Ords
 remuneration policy
 Ordinary resolution 10:             503 463 664 Ords       72.00 Ords     19.90 Ords     80.10 Ords      0.26 Ords
 Non-binding advisory vote          59 160 986 A Ords     93.51 A Ords   26.60 A Ords   73.40 A Ords    0.00 A Ords
 regarding the approval of
 remuneration
 implementation report
 Special resolution 5:               502 963 693 Ords       71.93 Ords     74.35 Ords     25.65 Ords      0.34 Ords
 Approval to issue shares in        59 160 986 A Ords     93.51 A Ords   84.21 A Ords   15.79 A Ords    0.00 A Ords
 terms of section 41(1) of the
 Companies Act
 Ordinary resolution 12:             502 896 259 Ords       71.92 Ords     75.10 Ords     24.90 Ords      0.35 Ords
 To authorise the signature of      59 160 986 A Ords     93.51 A Ords   97.35 A Ords    2.56 A Ords    0.00 A Ords
 documentation

*        Based on 699 253 200 Ords and 63 266 012 A Ords in issue at the date of the AGM.
**       In relation to the total number of Ords and A Ords voted at the AGM.
***      In relation to the total number of Ords and A Ords in issue at the date of the AGM.

Save for Ordinary resolution 7 (general authority to issue shares for cash) and Ordinary resolution 8 (specific authority
to issue shares pursuant to a reinvestment option), all resolutions were passed by the requisite majority of Rebosis
shareholders present in person or represented by proxy at the AGM.

Shareholders are further advised that due to Ordinary resolution 9 and Ordinary resolution 10 relating to the non-
binding advisory votes for the approval of the remuneration policy and the approval of the remuneration
implementation report being voted against by more than 25% of shareholders present in person or represented by
proxy at the AGM, Rebosis has commenced engagement with such shareholders on an individual basis as required by
the JSE Limited Listings Requirements.

Sandton
3 February 2020

Sponsor
Nedbank Corporate and Investment Banking

Date: 03-02-2020 07:05:00
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