FAIRVEST PROPERTY HOLDINGS LIMITED - Results Of The Annual General Meeting

Results Of The Annual General Meeting

FAIRVEST PROPERTY HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1998/005011/06)
Share code: FVT ISIN: ZAE000203808
(Approved as a REIT by the JSE)
(“Fairvest” or “the Company”)


RESULTS OF THE ANNUAL GENERAL MEETING


Shareholders are hereby advised that at the annual general meeting of the Company held at
10:00 today, Thursday, 14 November 2019 in the boardroom, 8th Floor, The Terraces,
34 Bree 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:


                                     Votes
                       Votes for     against
                       resolution    resolution
                       as a          as a                             Number of        Number of
                       percentage    percentage                       shares           shares
                       of total      of total                         voted at         abstained
                       number of     number of       Number of        AGM as a         as a
 Resolutions           shares        shares          shares           percentage       percentage
 proposed at the       voted at      voted at        voted at         of shares in     of shares in
 AGM                   AGM           AGM             AGM              issue             issue
 
 
 Ordinary resolution         88.5%          11.5%    786 408 800         78.7%           0.6%
 number 1:
 Re-appointment of
 auditors


 Ordinary resolution       100.0%            0.0%    789 524 343         79.0%           0.3%
 number 2:
 Confirmation of
 appointment of Ms
 KR Nkuna as a
 director

 Ordinary resolution       100.0%            0.0%    789 524 343         79.0%          0.3%
 number 3:
 Retirement and re-
 election of Mr JF du
 Toit as a director


 Ordinary resolution       100.0%           0.0%    789 524 343          79.0%          0.3%
 number 4:
 Retirement and re-
 election of Mr N
 Mkhize as a
 director


 Ordinary resolution      100.0%            0.0%    789 524 343         79.0%           0.3%
 number 5:
 Retirement and re-
 election of Mr DM
 Wilder as a director


 Ordinary resolution      100.0%            0.0%    789 524 343        79.0%            0.3%
 number 6:
 Re-appointment of
 Mr N Mkhize as
 member of the
 Audit and Risk
 Committee


 Ordinary resolution      96.1%             3.9%     789 524 343       79.0%           0.3%
 number 7:
 Re-appointment of
 Adv JD Wiese as
 member of the
 Audit and Risk
 Committee


 Ordinary resolution     100.0%             0.0%     789 524 343       79.0%           0.3%
 number 8:
 Re-appointment of
 Ms KR Nkuna as
 member of the
 Audit and Risk
 Committee


 Ordinary resolution       89.7%            10.3%     789 524 343       79.0%          0.3%
 number 9:
 General authority to
 issue shares for
 cash


 Ordinary resolution      86.3%             13.7%     789 524 343       79.0%          0.3%
 number 10:
 Authority to sell
 Treasury Shares


 Ordinary resolution      82.5%             17.5%     789 470 643       79.0%          0.3%
 number 11:
 Non-binding
 endorsement of
 Fairvest’s
 remuneration policy


 Ordinary resolution     85.9%              14.1%     789 470 643      79.0%           0.3%
 number 12:
 Non-binding
 endorsement of
 Fairvest’s
 implementation
 report on the
 remuneration policy


 Ordinary resolution     100.0%              0.0%     789 470 643      79.0%           0.3%
 number 13:
 Authority to
 execute requisite
 documentation


 Special resolution      99.4%              0.6%      789 524 343      79.0%          0.3%
 number 1:
 Share repurchases
 by Fairvest and its
 subsidiaries


 Special resolution      99.4%              0.6%      789 468 197      79.0%          0.3%
 number 2:
 Remuneration of
 Non-Executive
 Directors


 Special resolution      88.1%              11.9%      789 521 897     79.0%         0.3%
 number 3:
 Inter-company
 financial assistance
 
 
 Special resolution      84.2%              15.8%      789 521 897     79.0%         0.3%
 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 1 018 125 441. The total
number of shares eligible to vote at the AGM, which excludes the 18 270 874 treasury shares
held, is therefore 999 854 567 shares.


Cape Town
14 November 2019

Sponsor
PSG Capital

Date: 14/11/2019 05:00:00
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