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Results of annual general meeting
DIPULA INCOME FUND LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2005/013963/06)
JSE share code: DIA ISIN: ZAE000203378
JSE share code: DIB ISIN: ZAE000203394
(Approved as a REIT by the JSE)
(“Dipula” or “Company”)
RESULTS OF ANNUAL GENERAL MEETING
Shareholders are advised that at the annual general meeting of shareholders held on Wednesday, 12 February 2020 (in
terms of the notice of annual general meeting dispatched to shareholders on Tuesday, 17 December 2019), the
resolutions tabled thereat were passed by the requisite majority of shareholders, with the exception of ordinary
resolution number 8 in respect of a general authority to issue shares for cash.
Details of the results of voting at the annual general meeting are as follows:
- total number of Dipula shares in issue as at the date of the annual general meeting: 529 331 638;
- total number of Dipula A shares that could have been voted at the annual general meeting: 264 665 819;
- total number of Dipula B shares that could have been voted at the annual general meeting: 264 665 819;
- total number of Dipula shares that were present/represented at the annual general meeting: 479 212 494, being
90.53% of the total number of Dipula shares that could have voted at the annual general meeting.
- total number of Dipula A shares that were present/represented at the annual general meeting: 237 839 962, being
89.86% of the total number of Dipula A shares that could have been voted at the annual general meeting; and
- total number of Dipula B shares that were present/represented at the annual general meeting: 241 372 532, being
91.20% of the total number of Dipula B shares that could have been voted at the annual general meeting.
Ordinary resolution number 1: Re-election of IS Petersen as a director
A shares voted* For Against Abstentions^
237 839 962, being 89.86% 236 765 686, being 99.55% 1 074 276, being 0.45% -
B shares voted* For Against Abstentions^
240 391 725, being 90.83% 240 391 725, being 100.00% - 980 807, being 0.37%
Total shares voted* For Against Abstentions^
478 231 687, being 90.35% 477 157 411, being 99.78% 1 074 276, being 0.22% 980 807, being 0.19%
Ordinary resolution number 2: Re-election of SA Halliday as a director
A shares voted* For Against Abstentions^
237 839 962, being 89.86% 227 472 435, being 95.64% 10 367 527, being 4.36% -
B shares voted* For Against Abstentions^
240 391 725, being 90.83% 240 101 392, being 99.88% 290 333, being 0.12% 980 807, being 0.37%
Total shares voted* For Against Abstentions^
478 231 687, being 90.35% 467 573 827, being 97.77% 10 657 860, being 2.23% 980 807, being 0.19%
Ordinary resolution number 3: Re-election of Prof E Links as a director
A shares voted* For Against Abstentions^
237 839 962, being 89.86% 223 791 997, being 94.09% 14 047 965, being 5.91% -
B shares voted* For Against Abstentions^
240 391 725, being 90.83% 239 250 983, being 99.53% 1 140 742, being 0.47% 980 807, being 0.37%
Total shares voted* For Against Abstentions^
478 231 687, being 90.35% 463 042 980, being 96.82% 15 188 707, being 3.18% 980 807, being 0.19%
Ordinary resolution number 4: Re-appointment of Y Waja as a member and chairman of the audit and risk committee
A shares voted* For Against Abstentions^
237 839 962, being 89.86% 226 881 545, being 95.39% 10 958 417, being 4.61% -
B shares voted* For Against Abstentions^
240 391 725, being 90.83% 239 541 316, being 99.65% 850 409, being 0.35% 980 807, being 0.37%
Total shares voted* For Against Abstentions^
478 231 687, being 90.35% 466 422 861, being 97.53% 11 808 826, being 2.47% 980 807, being 0.19%
Ordinary resolution number 5: Re-appointment of BH Azizollahoff as a member of the audit and risk committee
A shares voted* For Against Abstentions^
237 839 962, being 89.86% 233 085 248, being 98.00% 4 754 714, being 2.00% -
B shares voted* For Against Abstentions^
240 391 725, being 90.83% 239 541 316, being 99.65% 850 409, being 0.35% 980 807, being 0.37%
Total shares voted* For Against Abstentions^
478 231 687, being 90.35% 472 626 564, being 98.83% 5 605 123, being 1.17% 980 807, being 0.19%
Ordinary resolution number 6: Re-appointment of Prof E Links as a member of the audit and risk committee
A shares voted* For Against Abstentions^
237 839 962, being 89.86% 223 791 997, being 94.09% 14 047 965, being 5.91% -
B shares voted* For Against Abstentions^
240 391 725, being 90.83% 239 250 983, being 99.53% 1 140 742, being 0.47% 980 807, being 0.37%
Total shares voted* For Against Abstentions^
478 231 687, being 90.35% 463 042 980, being 96.82% 15 188 707, being 3.18% 980 807, being 0.19%
Ordinary resolution number 7: Re-appointment of Deloitte & Touche as independent external auditor and Carmeni
Naidoo Bester as the designated audit partner of the Company
A shares voted* For Against Abstentions^
237 839 962, being 89.86% 217 075 189, being 91.27% 20 764 773, being 8.73% -
B shares voted* For Against Abstentions^
240 391 725, being 90.83% 238 466 316, being 99.20% 1 925 409, being 0.80% 980 807, being 0.37%
Total shares voted* For Against Abstentions^
478 231 687, being 90.35% 455 541 505, being 95.26% 22 690 182, being 4.74% 980 807, being 0.19%
Ordinary resolution number 8: General authority to issue shares for cash
A shares voted* For Against Abstentions^
237 839 962, being 89.86% 157 923 655, being 66.40% 79 916 307, being 33.60% -
B shares voted* For Against Abstentions^
240 391 725, being 90.83% 131 967 451, being 54.90% 108 424 274, being 45.10% 980 807, being 0.37%
Total shares voted* For Against Abstentions^
478 231 687, being 90.35% 289 891 106, being 60.62% 188 340 581, being 39.38% 980 807, being 0.19%
Ordinary resolution number 9: Specific authority to issue shares pursuant to a re-investment option
A shares voted* For Against Abstentions^
233 222 846, being 88.12% 106 108 623, being 45.50% 127 114 223, being 54.50% 4 617 116, being 1.74%
B shares voted* For Against Abstentions^
240 391 725, being 90.83% 190 627 936, being 79.30% 49 763 789, being 20.70% 980 807, being 0.37%
Total shares voted* For Against Abstentions^
473 614 571, being 89.47% 296 736 559, being 62.65% 176 878 012, being 37.35% 5 597 923, being 1.06%
Non-binding advisory resolution number 1: Endorsement of the remuneration policy
A shares voted* For Against Abstentions^
237 839 962, being 89.86% 122 851 415, being 51.65% 114 988 547, being 48.35% -
B shares voted* For Against Abstentions^
240 391 725, being 90.83% 239 541 316, being 99.65% 850 409, being 0.35% 980 807, being 0.37%
Total shares voted* For Against Abstentions^
478 231 687, being 90.35% 362 392 731, being 75.78% 115 838 956, being 24.22% 980 807, being 0.19%
Non-binding advisory resolution number 2: Endorsement of the remuneration implementation report
A shares voted* For Against Abstentions^
237 839 962, being 89.86% 122 851 415, being 51.65% 114 988 547, being -
48.35%
B shares voted* For Against Abstentions^
240 391 725, being 90.83% 239 541 316, being 99.65% 850 409, being 0.35% 980 807, being 0.37%
Total shares voted* For Against Abstentions^
478 231 687, being 90.35% 362 392 731, being 75.78% 115 838 956, being 24.22% 980 807, being 0.19%
Ordinary resolution number 10: To authorise the signature of documentation
A shares voted* For Against Abstentions^
237 839 962, being 89.86% 237 839 962, being 100.00% - -
B shares voted* For Against Abstentions^
240 391 725, being 90.83% 240 391 725, being 100.00% - 980 807, being 0.37%
Total shares voted* For Against Abstentions^
478 231 687, being 100.00% 478 231 687, being 100.00% - 980 807, being 0.19%
Special resolution number 1: Financial assistance to related and inter-related companies
A shares voted* For Against Abstentions^
237 839 962, being 89.86% 235 763 280, being 99.13% 2 076 682, being 0.87% -
B shares voted* For Against Abstentions^
240 391 725, being 90.83% 240 391 725, being 100.00% - 980 807, being 0.37%
Total shares voted* For Against Abstentions^
478 231 687, being 90.35% 476 155 005, being 99.57% 2 076 682, being 0.43% 980 807, being 0.19%
Special resolution number 2: Financial assistance for the subscription and/or purchase of securities in the company or
in related or inter-related companies
A shares voted* For Against Abstentions^
237 839 962, being 89.86% 231 146 164, being 97.19% 6 693 798, being 2.81% -
B shares voted* For Against Abstentions^
240 391 725, being 90.83% 240 391 725, being 100.00% - 980 807, being 0.37%
Total shares voted* For Against Abstentions^
478 231 687, being 90.35% 471 537 889, being 98.60% 6 693 798, being 1.40% 980 807, being 0.19%
Special resolution number 3: Share repurchases
A shares voted* For Against Abstentions^
237 839 962, being 89.86% 212 020 162, being 89.14% 25 819 800, being 10.86% -
B shares voted* For Against Abstentions^
240 391 725, being 90.83% 235 331 692, being 97.90% 5 060 033, being 2.10% 980 807, being 0.37%
Total shares voted* For Against Abstentions^
478 231 687, being 90.35% 447 351 854, being 93.54% 30 879 833, being 6.46% 980 807, being 0.19%
Special resolution number 4: Approval of non-executive directors’ remuneration
A shares voted* For Against Abstentions^
235 763 280, being 89.08% 231 509 030, being 98.20% 4 254 250, being 1.80% 2 076 682, being 0.78%
B shares voted* For Against Abstentions^
240 391 725, being 90.83% 240 101 392, being 99.88% 290 333, being 0.12% 980 807, being 0.37%
Total shares voted* For Against Abstentions^
476 155 005, being 89.95% 471 610 422, being 99.05% 4 544 583, being 0.95% 3 057 489, being 0.58%
Special resolution number 5: Approval to issue shares in terms of section 41(1) of the Companies Act
A shares voted* For Against Abstentions^
237 839 962, being 89.86% 212 562 897, being 89.37% 25 277 065, being 10.63% -
B shares voted* For Against Abstentions^
240 391 725, being 90.83% 235 157 527, being 97.82% 5 234 198, being 2.18% 980 807, being 0.37%
Total shares voted* For Against Abstentions^
478 231 687, being 90.35% 447 720 424, being 93.62% 30 511 263, being 6.38% 980 807, being 0.19%
* shares voted (excluding abstentions) in relation to total shares in issue
^ in relation to total shares in issue
12 February 2020
Sponsor
Java Capital
Date: 12-02-2020 04:45:00
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