SA CORPORATE REAL ESTATE LIMITED - Results of the notice of written resolution of shareholders

Results of the notice of written resolution of shareholders

SA CORPORATE REAL ESTATE LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2015/015578/06)
JSE share code: SAC ISIN: ZAE000203238
(“SA Corporate” or “the Company”)




RESULTS OF THE NOTICE OF WRITTEN RESOLUTION OF SHAREHOLDERS IN TERMS OF
SECTION 60 OF THE COMPANIES ACT, 71 OF 2008, AS AMENDED, (“COMPANIES ACT”) IN
RESPECT OF PLACING UNISSUED AUTHORISED SHARES OF THE COMPANY UNDER THE
CONTROL OF THE DIRECTORS ("ORDINARY RESOLUTION")



1. Introduction

    Shareholders of the Company (“Shareholders”) are referred to the announcement released on
    the Stock Exchange News Service of the JSE Limited (“JSE”) on 12 October 2015, regarding the
    notice of an ordinary resolution to be considered and voted on in writing by Shareholders relating
    to 350 000 000 authorised but unissued ordinary shares of no par value (“Shares”) being placed
    under the control of the board of directors of the Company (“Directors”) in respect of an offer of
    Shares to existing Shareholders pro rata to their shareholdings at their discretion ( “Notice”).

    Shareholders are hereby advised that the Ordinary Resolution contained in the Notice was
    passed by the requisite majority of votes of Shareholders.

2. Results of the voting in terms of the Notice

    Details of the results of voting in terms of the Notice were as follows:

    Resolution                               Number of              Percentage            For**   Against**   Abstained
                                           Shares voted              of Shares                %           %         ***
                                                                      in issue*                                       %
                                                                             %
    To place 350 000 000                  1 461 919 063                  72.22           94.96%       5.04%        0.00
    unissued authorised
    Shares of the Company
    under the control of the
    Directors for purposes
    of a pro rata issue of
    Shares

    *     Based on 2 024 162 410 Shares in issue
    **    In relation to the total number of Shares voted in terms of the Notice
    ***   In relation to the total number of Shares in issue at the date of the Notice


Sandton

10 November 2015

Joint Corporate Advisor and Transaction Sponsor
Investec Bank Limited

Joint Corporate Advisor and Transaction Sponsor

Absa Bank Limited (acting through its Corporate and Investment Banking Division)
Attorneys, Tax and Competition Law Advisors
Cliffe Dekker Hofmeyr

Sponsor
Nedbank CIB

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