GRAND PARADE INVESTMENTS LIMITED - Results Of The General Meeting And The Annual General Meeting

Results Of The General Meeting And The Annual General Meeting

GRAND PARADE INVESTMENTS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1997/003548/06)
Share code: GPL
ISIN: ZAE000119814
(“GPI” or “the Company”)


RESULTS OF THE GENERAL MEETING AND THE ANNUAL GENERAL MEETING

RESULTS OF THE GENERAL MEETING

Shareholders are hereby advised that at the general meeting of the Company held at 18:00
on, Thursday, 28 November 2019 in the Market Hall at GrandWest Casino, 1 Jakes Gerwel
Drive, Goodwood, Cape Town (“GM”), all of the resolutions were passed by the requisite
majorities of the Company’s shareholders.

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

                                      Votes
                        Votes for     against
                        resolution    resolution                    Number of      Number of
                        as a          as a                          shares         shares
                        percentage    percentage     Number of      voted at GM    abstained
                        of total      of total       shares         as a           as a
 Resolutions            number of     number of      voted at GM    percentage     percentage
 proposed at the        shares        shares         (excluding     of shares in   of shares in
 GM                     voted at GM   voted at GM    abstentions)   issue          issue
 

 Ordinary resolution    66.64%        33.36%         225 132 860    47.90%         22.57%
 number 1:
 Approval of the
 Transaction


 Ordinary resolution    67.81%        32.19%         231 893 690    49.34%         22.61%
 number 2:
 Authority of
 Directors and/or the
 Company
 Secretary

Note:
Total number of shares in issue as at the date of the GM was 470 022 741.


RESULTS OF THE ANNUAL GENERAL MEETING

Shareholders are hereby advised that the results of the voting at the annual general meeting
of the Company held at 18:30 on, Thursday, 28 November 2019 in the Market Hall at
GrandWest Casino, 1 Jakes Gerwel Drive, Goodwood, Cape Town (“AGM”), are as follows:

                                    Votes
                       Votes for    against
                       resolution   resolution
                       as a         as a                         Number of      Number of
                       percentage   percentage    Number of      shares         shares
                       of total     of total      shares         voted at       abstained
                       number of    number of     voted at       AGM as a       as a
 Resolutions           shares       shares        AGM            percentage     percentage
 proposed at the       voted at     voted at      (excluding     of shares in   of shares in
 AGM                   AGM          AGM           abstentions)   issue          issue
 

 Ordinary resolution   72.08%       27.92         340 235 545    72.39%         0.03%
 number 1:
 Re-election of Mr A
 Abercrombie as a
 non-executive
 director


 Ordinary resolution   74.18%       25.82%        340 312 145    72.40%         0.03%
 number 2:
 Re-election of Mr M
 Bowman as a
 non-executive
 director


 Ordinary resolution   73.28%       26.72%        338 274 260    71.97%         0.02%
 number 3:
 Re-election of Ms R
 van Dijk as a
 non-executive
 director


 Ordinary resolution   76.11%       23.89%        339 842 289    72.30%         0.12%
 number 4:
 Confirmation of
 appointment of Mr
 M Tajbhai as an
 executive director


 Ordinary resolution                                Withdrawn
 number 5:
 Confirmation of
 appointment of Dr
 H Adams as a
 non-executive
 director

 Ordinary resolution                                Withdrawn
 number 6:
 Confirmation of
 appointment of Mr
 K Pillay as a
 non-executive
 director


 Ordinary resolution   89.05%      10.95%         339 899 059    72.32%         0.11%
 number 7:
 Re-appointment of
 Prof W Geach as a
 member of the
 audit and risk
 committee


 Ordinary resolution   76.21%      23.79%        340 167 919     72.37%         0.10%
 number 8:
 Appointment of Ms
 R van Dijk as a
 member of the
 audit and risk
 committee


 Ordinary resolution                               Withdrawn
 number 9:
 Appointment of Mr
 K Pillay as a
 member of the
 audit and risk
 committee


 Ordinary resolution   95.94%       4.06%       306 131 327     65.13%         7.30%
 number 10:
 Re-appointment of
 EY as independent
 auditor


 Ordinary resolution   50.34%      49.66%       332 886 889     70.82%         0.12%
 number 11:
 Non-binding
 advisory vote on
 the Company’s
 remuneration policy


 Ordinary resolution   51.39%     48.61%        339 847 889     72.30%         0.11%
 number 12:
 Non-binding
 advisory vote on
 the Company’s
 implementation
 report on the
 remuneration policy
 
 Special resolution    49.93%     50.07%       339 351 248      72.20%         0.24%
 number 1.1:
 Remuneration of
 the non-executive
 chairperson


 Special resolution     99.64%     0.36%        339 393 464     72.21%         0.21%
 number 1.2:
 Remuneration of
 the lead
 independent
 director


 Special resolution     99.73%     0.27%        338 923 818     72.11%        0.23%
 number 1.3:
 Remuneration of
 other non-executive
 directors


 Special resolution     99.64%     0.36%        339 378 895     72.20%        0.20%
 number 1.4:
 Remuneration of
 committee
 chairpersons


 Special resolution     99.66%     0.34%        337 325 569     71.77%        0.22%
 number 1.5:
 Remuneration of
 committee
 members


 Special resolution     76.89%     23.11%       335 311 960     71.34%        0.02%
 number 2:
 Share repurchases
 by the Company
 and its subsidiaries


 Special resolution     99.92%     0.08%        339 954 359     72.33%        0.11%
 number 3:
 Inter-company
 financial assistance


 Special resolution     99.35%    0.65%         339 885 536     72.31%        0.13%
 number 4:
 Financial
 assistance for the
 subscription and/or
 purchase of shares
 in the Company or
 a related or inter-
 related company


Note:
Total number of shares in issue as at the date of the AGM was 470 022 741.

Shareholders are further advised that, as ordinary resolution number 11, relating to the non-
binding advisory vote on the remuneration policy of the Company and ordinary resolution
number 12 relating to the non-binding advisory vote on the implementation of the remuneration
policy, were voted against by 25% or more of the votes exercised by the Company’s
shareholders present in person or represented by proxy at the AGM, an invitation will be
extended to such dissenting shareholders to engage with the Company. The manner and
timing of such engagement has not as yet been finalised and the Company will issue a further
announcement shortly setting out such details.

Cape Town
29 November 2019

Sponsor
PSG Capital

Date: 29-11-2019 12:06:00
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