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Sharenet Sites
Results of the general meeting
SAFARI INVESTMENTS RSA LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2000/015002/06)
Approved as a REIT by the JSE Limited
Share code: SAR
ISIN: ZAE000188280
(“Safari” or “the Company”)
RESULTS OF THE GENERAL MEETING
Shareholders of Safari ("Shareholders") are referred to the Firm Intention Announcement
released by the Company on Wednesday, 22 February 2023 and the circular distributed to
Shareholders on 1 March 2023 (“Circular”) wherein Shareholders were advised that Safari
has entered into a Repurchase Agreement to repurchase the Repurchase Shares from the
Nominee for the Repurchase Consideration of R5.87 per Share, which aggregate amount is
equal to R311,110,000 and the intended subsequent Delisting and Cancellation of the
Repurchase Shares from the JSE Limited.
Unless defined in the body of this announcement, capitalised terms shall bear the meanings
ascribed to them in the Circular.
Shareholders are hereby advised that at the general meeting of the Company held virtually at
12:00 today, Friday, 31 March 2023 (“GM”), all of the resolutions were passed by the requisite
majorities of the Company’s Shareholders.
Details of the results of the voting at the GM are as follows:
Votes
Votes for against
resolution resolution Number of Number of
as a as a Shares Shares
percentage percentage voted at GM abstained
of total of total as a as a
Resolutions number of number of Number of percentage percentage
proposed at the Shares Shares Shares of Shares in of Shares in
AGM voted at GM voted at GM voted at GM issue* issue*
Special Resolution 99.99% 0.01% 178 882 135 57.55% 0.00%
Number 1:
Approval for the
Repurchase in terms
of sections 48(8)(b),
114(1)(e) and
115(2)(a) of the
Companies Act and
paragraph 5.69 of
the JSE Listings
Requirements
Ordinary Resolution 99.99% 0.01% 178 882 135 57.55% 0.00%
Number 1:
Authority of the
directors
Note:
*Total number of Shares in issue as at the date of the GM was 310 826 016, of which
53 000 000 were treasury shares, being the Repurchase Shares and were not eligible to be
voted.
The directors collectively and individually accept full responsibility for the accuracy of the
information given and certify that to the best of their knowledge and belief there are no facts
that have been omitted which would make any statement false or misleading, and that all
reasonable enquiries to ascertain such facts have been made and that this announcement
contains all information required by law and the JSE Listings Requirements.
The Independent Board collectively and individually accept full responsibility for the accuracy
of the information given and certify that to the best of their knowledge and belief there are no
facts that have been omitted which would make any statement false or misleading, and that
all reasonable enquiries to ascertain such facts have been made and that this announcement
contains all information required by law and the JSE Listings Requirements.
Pretoria
31 March 2023
Sponsor
PSG Capital
Legal Advisor
Webber Wentzel
Corporate Advisor
Moore Corporate Finance
Independent Expert
Valeo Capital
Queries:
Pieter Van Niekerk
Email: pieter@safari-investments.com
Tel: +27 (0)12 365 1889
Date: 31-03-2023 03:45:00
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