ARROWHEAD PROPERTIES LIMITED - Results Of The Ordinary Resolution Passed By Shareholders Of The Company In Terms Of Section 60 Of The Companies Act

Results Of The Ordinary Resolution Passed By Shareholders Of The Company In Terms Of Section 60 Of The Companies Act

ARROWHEAD PROPERTIES LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2011/000308/06)
JSE share code: AWA ISIN: ZAE000203105
(Approved as a REIT by the JSE)
(“Arrowhead” or “the company”)


RESULTS OF THE ORDINARY RESOLUTION PASSED BY SHAREHOLDERS OF THE COMPANY IN
TERMS OF SECTION 60 OF THE COMPANIES ACT, 71 OF 2008


Shareholders are referred to the announcement released on SENS on 8 July 2016, regarding the submission of an ordinary
resolution for consideration by written consent of shareholders in terms of section 60 of the Companies Act, 71 of 2008
(“the Act”) placing 102 589 379 of the authorised but unissued shares of the company (the “section 60 shares”), being
10% of the issued share capital of the company as at the date of the notice of the proposed resolution, under the control of
the directors.

Shareholders are advised that the ordinary resolution has been approved and adopted by the company in terms of section
60(2) of the Act.

The voting results were as follows:

Ordinary resolution proposed: 10% of the unissued Arrowhead shares placed under the control of the directors

Shares voted*      % of shares voted*                  For^                         Against^             Abstained^
                   relative to ordinary shares in
                   issue^
715 840 599        69.78%                              590 491 218,                 125 007 517,         341 854,
                                                       being 57.56%#                being 12.19%         being 0.03%
* Including abstentions
^ In relation to the total number of shares in issue (excluding treasury shares) as at the record date, being Friday,
  1 July 2016, namely 1 025 893 790 shares
# Being 82.49% of the number of shares voted

The section 60 shares shall only be allotted, issued or disposed of:
-     to fund acquisition issues and/or vendor consideration placings as defined in the Listings Requirements of the JSE
      Limited (the “JSE”);
-     at a maximum discount of 7% to the weighted average traded price on the JSE of those shares over the 10 business
      days prior to the date that the issue is agreed between the company and the party to which such shares are to be
      issued adjusted for a dividend where the “ex” date of the dividend occurs during the 10 business day period in
      question;
-     on or before the next Arrowhead annual general meeting which is expected to be held in or about February 2017.

The company will deliver a statement in accordance with section 60(4) of the Act to shareholders recorded in the
company register as at the record date.

17 August 2016


Sponsor
Java Capital

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