DELTA PROPERTY FUND LIMITED - Results of annual general meeting

Results of annual general meeting

Delta Property Fund Limited
(Incorporated in the Republic of South Africa)
(Registration number 2002/005129/06)
Share code: DLT ISIN: ZAE000172052
("Delta" or “the Company”)
REIT status approved


RESULTS OF ANNUAL GENERAL MEETING

Delta linked unitholders are advised that the voting results for the annual general meeting of Delta held at the
registered offices of the Company on 2 October 2014 were as follows:

 Resolution                                    Number of    Percentage of      For**    Against**     Abstained**
                                             linked units   linked units in       %            %               %
                                                   voted            issue*
                                                                         %
 Ordinary resolution number 1                279 607 378             61.99    99.679            -           0.321
 To receive, consider and adopt the
 annual financial statements of the
 Company and the Group for the year
 ended 28 February 2014
 Ordinary resolution number 2                279 607 378             61.99    99.679            -           0.321
 To confirm the retirement of Karl Ernst
 Schmidt
 Ordinary resolution number 3                279 607 378             61.99    99.679            -           0.321
 To re-elect Jose Jorge Goncalves da
 Costa as an Independent Non-Executive
 Director
 Ordinary resolution number 4                279 607 378             61.99    99.679            -           0.321
 To re-appoint BDO South Africa Inc. as
 independent auditors to the Company
 Ordinary resolution number 5                279 607 378             61.99    99.679            -           0.321
 To elect Nooraya Khan as member and
 chairman of the Company’s Audit, Risk
 and Compliance Committee member and
 chairman for the year ending 28 February
 2015
 Ordinary resolution number 6                279 607 378             61.99    98.752        0.926           0.321
 To re-elect Paul David Simpson as
 member of the Company’s Audit, Risk
 and Compliance Committee for the year
 ending 28 February 2015
 Non-binding advisory ordinary resolution    279 607 378             61.99    35.795       63.883           0.321
 number 7
 Approval of the Remuneration Policy
 Ordinary resolution number 8                279 607 378             61.99    59.597       40.082           0.321
 To authorise directors of the Company to
 issue linked units for cash, as and when
 they in their discretion deem fit
 Ordinary resolution number 9                279 607 378             61.99    97.025        2.654           0.321
 Authority to issue linked units to linked
 unitholders who wish to re-invest their
 Resolution                                       Number of    Percentage of      For**   Against**   Abstained**
                                                linked units   linked units in       %           %             %
                                                      voted            issue*
                                                                            %
 cash distributions
 Ordinary resolution number 10                  279 607 378             61.99    99.679           -         0.321
 To authorise any one director or
 Company Secretary to action all ordinary
 and special resolutions
 Special resolution number 1                    279 607 378             61.99    99.679           -         0.321
 Remuneration of Non-Executive Directors
 Special resolution number 2                    279 607 378             61.99    97.260      2.419          0.321
 General authority to repurchase issued
 linked units
 Special resolution number 3                    279 607 378             61.99    95.178      4.501          0.321
 Approval of financial assistance
 Special resolution number 4                    279 607 378             61.99    99.679           -         0.321
 Authority to issue shares to directors who
 elect to re-invest their distributions under
 the Re-investment Option


*         Based on 451 042 442 linked units in issue at the date of the annual general meeting.
**        In relation to the total number of linked units voted at the annual general meeting.

Based on the above voting results, all resolutions, except for ordinary resolution number 8, were passed by
the requisite majority of Delta linked unitholders present in person or represented by proxy at the annual
general meeting.

In regard to the non-binding advisory vote on the remuneration policy, the Board of Delta have briefed the
Nomination and Remuneration Committee to bring further clarity to the Company’s Remuneration Policy in
line with recommendations received from shareholders and this will be considered by the Board for approval.



Johannesburg
3 October 2014

Sponsor
Nedbank Capital

Date: 03/10/2014 04:15:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.