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: ZAE000194049
(“Delta” or the “Company”)
REIT status approved

RESULTS OF ANNUAL GENERAL MEETING

Delta shareholders are advised that the voting results for the annual general meeting of Delta (“AGM”) held
at the registered offices of the Company on 31 August 2020 were as follows:

 Resolution                             Number of       Number of       For**      Against**    Abstained***
                                     shares voted    shares voted           %              %               %
                                       at the AGM            as a
                                                    percentage of
                                                        shares in
                                                           issue*
                                                                %

 Ordinary resolution number 1         465 818 601         65,220%     96,363%         3,637%          2,166%
 To ratify the appointment of
 Phumzile Langeni as a non-
 executive director
 Ordinary resolution number 2         465 818 601         65,220%     97,524%         2,476%          2,166%
 To ratify the appointment of Bongi
 Masinga as a non-executive
 director
 Ordinary resolution number 3         465 823 047         65,220%     92,411%         7,589%          2,165%
 To re-elect Nooraya Khan as a non-
 executive director
 Ordinary resolution number 4         478 811 749         67,039%     99,948%         0,052%          0,346%
 To re-elect Caswell Rampheri as an
 independent non-executive
 director
 Ordinary resolution number 5         479 011 448         67,067%     94,746%         5,254%          0,319%
 To reappoint BDO South Africa Inc.
 as independent auditor to the
 Company
 Ordinary resolution number 6         478 801 749         67,038%     96,437%         3,563%          0,348%
 To re-elect JJ Njeke as a member
 and Chairman of the Company’s
 Audit, Risk and Compliance
 Committee for the year ended 28
 February 2021
 Ordinary resolution number 7         478 801 749         67,038%     99,883%         0,117%          0,348%
 To re-elect Nombuso Afolayan as a
 member of the Company’s Audit,
 Risk and Compliance Committee
 for the year ended 28 February
 2021 
 Ordinary resolution number 8         478 831 749          67,042%    99,913%         0,087%         0,344%
 To re-elect Marelise de Lange as a
 member of the Company’s Audit,
 Risk and Compliance Committee
 for the year ended 28 February
 2021
 Ordinary resolution number 9         478 738 182          67,029%    66,278%        33,722%         0,357%
 Non-binding advisory vote to
 approve the remuneration policy
 Ordinary resolution number 10        478 738 182          67,029%    68,131%        31,869%         0,357%
 Non-binding advisory vote on
 implementation of the
 remuneration policy
 Ordinary resolution number 11        479 574 212          67,146%    66,787%        33,213%         0,240%
 To authorise the directors of the
 Company to issue shares for cash,
 as and when they in their
 discretion deem fit
 Ordinary resolution number 12        479 589 766          67,148%    99,384%         0,616%         0,238%
 To authorise any one director or
 the Company Secretary to action all
 ordinary and special resolutions
 Special resolution number 1          478 891 628          67,050%    98,482%         1,518%         0,335%
 To approve the non-executive
 directors’ remuneration for their
 services as directors
 Special resolution number 2          479 101 448          67,079%    95,884%         4,116%         0,306%
 To grant a general authority to
 repurchase issued shares
 Special resolution number 3          479 627 222          67,153%    92,809%         7,191%         0,232%
 To approve the granting of financial
 assistance in terms of section 44 of
 the Companies Act
 Special resolution number 4          479 627 222          67,153%    99,647%         0,353%         0,232%
 To approve the granting of financial
 assistance in terms of section 45 of
 the Companies Act

*       Based on 714 229 718 shares in issue at the date of the AGM.
**      In relation to the total number of shares voted at the AGM (which excludes abstentions).
***     In relation to the total number of shares in issue at the date of the AGM.

Based on the above voting results, all resolutions except for ordinary resolution number 11 (to authorise
the directors of the Company to issue shares for cash), were passed by the requisite majority of Delta
shareholders present in person or represented by proxy at the AGM.

Shareholders are further advised that due to ordinary resolution numbers 9 and 10 relating to the non-
binding advisory votes to approve the remuneration policy and the implementation of the remuneration
policy being voted against by more than 25% of Delta’s shareholders present or represented by proxy at the
AGM, shareholders will accordingly be invited to participate in an engagement with Delta on these
resolutions. The date and full details of the engagement will be communicated in due course.

Johannesburg
1 September 2020

Sponsor
Nedbank Corporate and Investment Banking

Date: 01-09-2020 02:25:00
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