DELTA PROPERTY FUND LIMITED - Results of general meeting Capital Towers Disposal

Results of general meeting – Capital Towers Disposal

DELTA PROPERTY FUND LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 2002/005129/06)
Share code: DLT
ISIN: ZAE000194049
(Approved as a REIT by the JSE)
(“Delta” or “the Company ”)


RESULTS OF GENERAL MEETING – CAPITAL TOWERS DISPOSAL


1.     Introduction

1.1.     Shareholders are referred to the announcement released by the Company on SENS on
         Thursday, 1 December 2022, advising Shareholders that on 30 November 2022, the
         Company, through its wholly-owned subsidiary, K2014000273 (South Africa) Proprietary
         Limited entered into an agreement with DMFT Property Developers Proprietary Limited,
         in terms of which it will dispose of its leasehold property situated at 121 Chief Albert
         Luthuli Street, Pietermaritzburg, as more commonly known as “Capital Towers”, for a
         cash consideration of R65.55 million, including VAT (“Capital Towers Disposal”).

1.2.     Shareholders are further referred to the announcement released on SENS on 1 March
         2023 regarding the posting of the circular detailing the proposed Capital Towers Disposal
         (“Circular”), which Circular incorporated a notice convening a general meeting of
         shareholders (“General Meeting”) for the purpose of considering and, if deemed fit,
         passing, with or without modification, the resolutions contained therein.

2.     Results of General Meeting

2.1.     Shareholders are hereby advised that the General Meeting of the Company was held at
         10:00 today, 31 March 2023, physically at the Delta Boardroom, Silverstream Business
         Park, 10 Muswell Road South, Bryanston and by electronic participation.

2.2.     Shareholders are further advised that at the General Meeting all of the resolutions were
         passed by the requisite majorities of the Company’s shareholders.

2.3.     Details of the results of the voting at the General Meeting are as follows:

         Resolutions             Shares          Shares       Votes for       Votes       Shares
         proposed at the         voted at        voted (%) 1  resolution      against     abstained
         General Meeting         General                      (%) 2           resolution  (%)1
                                 Meeting                                      (%) 2
                                 (number)
         
         Ordinary resolution     354,861,157     49.68%        99.98%         0.02%        0.01%
         number 1: Approval of
         Capital Towers
         Disposal in terms of
         JSE Listings
         Requirements
         
         Ordinary resolution     354,479,657     49.63%        100%           0%           0.06%
         number 2: Authority of
         Directors and/or
         Company Secretary

         Note:
         1. As a percentage of the total number of shares in issue as at the date of the General
            Meeting.
         2. As a percentage of the total number of shares voted at the General Meeting.
         3. The total number of shares in issue as at the date of the General Meeting was
            714,229,718 ordinary shares of which zero were treasury shares.
         4. No resolutions were added or amended at the General Meeting.

3.   Capital Towers Disposal unconditional

     Shareholders are hereby advised that the Capital Towers Disposal has become
     unconditional and will be implemented in accordance with its terms.


31 March 2023
Johannesburg

Sponsor
Valeo Capital (Pty) Limited

Date: 31-03-2023 03:00:00
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