SPEAR REIT LIMITED - Results Of The Annual General Meeting

Results Of The Annual General Meeting

SPEAR REIT LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2015/407237/06)
Share Code: SEA
ISIN: ZAE000228995
LEI: 378900F76170CCB33C50
Approved as a REIT by the JSE
(“Spear” or “the Company”)

RESULTS OF THE ANNUAL GENERAL MEETING

Shareholders are hereby advised that at the annual general meeting of the Company held at
09:00 a.m. today, Friday, 30 June 2023 at Spear REIT Limited Head Office, 16th Floor,
2 Long Street, Cape Town (“AGM”), all of the resolutions were passed by the requisite
majorities of the Company’s shareholders.

Details of the results of the voting at the AGM are as follows:

 Resolutions           Votes for     Votes          Number of     Number of      Number of
 proposed at the       resolution    against        shares        shares         shares
 AGM                   as a          resolution     voted at      voted at       abstained
                       percentage    as a           AGM           AGM as a       as a
                       of total      percentage                   percentage     percentage
                       number of     of total                     of shares in   of shares in
                       shares        number of                    issue*         issue*
                       voted at      shares
                       AGM           voted at
                                     AGM
 Ordinary resolution   98.54%        1.46%          178 446 696   72.88%         0.32%
 number 1:
 Retirement and re-
 election of Mr. MN
 Flax as director


 Ordinary resolution   99.76%        0.24%          178 446 696   72.88%         0.32%
 number 2:
 Retirement and re-
 election of Mr. J
 Allie as director


 Ordinary resolution   98.54%        1.46%          178 446 696   72.88%         0.32%
 number 3:
 Retirement and re-
 election of Mr CS
 McCarthy as
 director


 Ordinary resolution   99.76%        0.24%          178 446 696   72.88%         0.32%
 number 4:
 Confirmation of Mr
 B Raziya’s
 appointment as
 director

 Ordinary resolution    99.76%       0.24%          178 446 696   72.88%         0.32%
 number 5:
 To re-appoint Mr.
 JE Allie as member
 of the audit and risk
 committee

 Ordinary resolution    99.76%       0.24%         178 446 696    72.88%         0.32%
 number 6:
 To re-appoint Mr.
 BL Goldberg as
 member of the
 audit and risk
 committee

 Ordinary resolution    99.76%        0.24%        178 446 696    72.88%        0.32%
 number 7:
 Appoint of Mr B
 Raziya as member
 of the audit and risk
 committee

 Ordinary resolution    99.76%        0.24%        178 446 696    72.88%        0.32%
 number 8:
 To re-appoint BDO
 South Africa
 Incorporated as the
 auditor of the
 company

 Ordinary resolution    81.93%       18.07%        178 446 696   72.88%        0.32%
 number 9:
 Non-binding
 advisory vote on
 Spear’s
 remuneration policy

 Ordinary resolution    85.43%       14.57%        178 446 696   72.88%        0.32%
 number 10:
 Non-binding
 advisory vote on
 Spear’s
 implementation
 report on the
 remuneration policy

 Ordinary resolution    95.17%       4.83%         178 446 696   72.88%        0.32%
 number 11:
 General authority to
 issue ordinary
 shares for cash

 Ordinary resolution    94.82%       5.18%         178 446 696   72.88%        0.32%
 number 12:
 Amendments to the
 rules of the Spear
 REIT Limited
 Conditional Share
 Plan

 Special resolution     93.54%       6.46%         178 531 108   72.92%       0.29%
 number 1:
 Remuneration of
 non-executive
 directors

 Special resolution     99.71%       0.29%         178 531 108   72.92%       0.29%
 number 2:
 Inter-company
 financial assistance

 Special resolution     96.27%       3.73%         178 531 108   72.92%       0.29%
 number 3:
 Financial
 assistance for
 acquisition of
 shares in the
 company or a
 related or inter-
 related company

 Special resolution     98.17%       1.83%         178 531 108   72.92%       0.29%
 number 4:
 Share repurchases
 by Spear and its
 subsidiaries

Note:
*Total number of shares in issue as at the date of the AGM was 244 846 390 of which 22 437
566 were treasury shares.

Cape Town
30 June 2023

Sponsor
PSG Capital

Date: 30-06-2023 11:00:00
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