Wrap Text
Annual general meeting voting results
REDEFINE INTERNATIONAL P.L.C.
(Incorporated in the Isle of Man)
(Registered number 010534V)
LSE share code: RDI
JSE share code: RPL
ISIN: IM00B8BV8G91
(“Redefine International” or “the Company”)
ANNUAL GENERAL MEETING VOTING RESULTS
Redefine International, the FTSE 250 income-focused UK-REIT, announces that at the Annual General Meeting
(“AGM”) held today all the proposed resolutions were duly passed by the required majority on votes conducted by way
of a poll.
As a company with a controlling shareholder, and in accordance with LR9.2.2E of the Listing Rules of the UKLA, the re-
election of the independent Non-executive Directors, namely resolutions 4 to 7 were approved by (i) all shareholders
and (ii) the independent shareholders.
The results of voting by all shareholders on the resolutions, which can be found in the Notice of the AGM, were as
follows:-
Resolution For % Against % Withheld*
1 To adopt the Group and Company’s audited financial statements
for the year ended 31 August 2016 together with the reports of the 1,252,148,101 100.00% 42,034 0.00% 9,119,295
Directors and Independent Auditors
2 To approve the Directors Annual Report on Remuneration 1,246,629,118 99.57% 5,375,309 0.43% 9,225,003
3 To re-elect GA Clarke as a Director 1,212,534,711 96.99% 37,661,435 3.01% 13,556,153
4 To re-elect MJW Farrow as an Independent Director 1,252,543,719 99.84% 2,004,320 0.16% 9,204,260
5 To re-elect GR Tipper as an Independent Director 1,215,459,547 96.88% 39,088,492 3.12% 9,204,260
6 To re-elect SE Ford as an independent Director 1,216,903,721 97.00% 37,644,318 3.00% 9,204,260
7 To re-elect R Orr as an Independent Director 1,253,428,121 99.91% 1,119,918 0.09% 9,204,260
8 To re-elect M Wainer as a Director 1,206,014,540 96.48% 44,024,013 3.52% 13,713,746
9 To re-elect B Nackan as a Director 1,204,314,983 96.47% 44,044,662 3.53% 15,392,654
10 To re-elect MJ Watters as a Director 1,214,178,841 96.98% 37,846,329 3.02% 9,204,260
11 To re-elect SJ Oakenfull as a Director 1,214,194,140 96.98% 37,831,030 3.02% 9,204,260
12 To re-elect D Grant as a Director 1,214,192,005 96.98% 37,833,165 3.02% 9,204,260
13 To re-elect A Horsburgh as a Director 1,214,195,576 96.98% 37,829,594 3.02% 9,204,260
14 To re-appoint KPMG as the Company’s Independent Auditor 1,249,739,536 99.81% 2,320,564 0.19% 9,169,330
15 To authorise the Directors to determine the remuneration of the
Independent Auditor 1,250,136,801 99.84% 1,963,337 0.16% 9,129,292
16 To approve the new Remuneration Policy 1,000,333,466 79.91% 251,542,808 20.09% 9,433,156
17 To authorise the Directors to allot Ordinary Shares up to the limits
contained in the Notice of the AGM 994,637,293 79.44% 257,434,252 20.56% 9,157,885
18 To authorise the Directors to dis-apply pre-emption rights up to
the limits stated in the Notice of AGM 1,007,507,858 80.46% 244,626,277 19.54% 9,175,295
19 To authorise the Directors to dis-apply pre-emption rights in
connection with a specified investment 987,931,299 78.90% 264,195,314 21.10% 9,182,817
20 To authorise the Directors to make market purchases of own
shares 1,246,209,189 99.33% 8,462,261 0.67% 9,160,849
The results of voting by independent shareholders on resolutions 4 to 7, relating to the re-election of the Independent
Non-executive Directors, were as follows:-
Votes excluding controlling shareholders on the resolutions concerning the election or re-election of the
Independent Non-Executive Directors.
Resolution For % Against % Withheld*
4 To re-elect MJW Farrow as a Director 740,103,491 99.73% 2,004,320 0.27% 9,204,260
5 To re-elect GR Tipper as a Director 703,019,319 94.73% 39,088,492 5.27% 9,204,260
6 To re-elect SE Ford as a Director 704,463,493 94.93% 37,644,318 5.07% 9,204,260
7 To re-elect R Orr as a Director 740,987,893 99.85% 1,119,918 0.15% 9,204,260
*It should be noted that a vote withheld is not a vote in law and will not be counted in the calculation of the proportion
of the votes for and against the resolution.
The Company’s total issued share capital as at 23 January 2017 is 1,811,739,822 ordinary shares of 8 pence each.
It has been noted that a proportion of shareholders have voted against:-
- Resolution 16 relating to the new Remuneration Policy. The rationale for amending the policy was explained
in the Annual Report and the Company will discuss this matter further with shareholders to understand their
objections; and
- Resolution 17, 18 and 19 relating to the Directors authority to issue shares, which was largely opposed by
South African shareholders. The Notice of the AGM explained that these authorities are in line with current
UK guidelines and the Board is aware that such guidelines differ to those in South Africa and will continue to
liaise with South African shareholders on such matters.
In accordance with LR 9.6.2 R of the Listing Rules of the UKLA, copies of all resolutions passed by the Company,
other than resolutions concerning ordinary business, have been submitted to the UK’s National Storage Mechanism
and will shortly be available for inspection at: http://www.morningstar.co.uk/uk/NSM and can also be viewed on the
Company’s website, www.redefineinternational.com.
For further information:
Redefine International P.L.C.
Mike Watters, Stephen Oakenfull, Janine Ackermann Tel: +44 (0) 20 7811 0100
FTI Consulting
UK Public Relations Adviser
Dido Laurimore, Claire Turvey, Ellie Sweeney Tel: +44 (0) 20 3727 1000
Instinctif Partners
SA Public Relations Adviser
Frederic Cornet, Lizelle du Toit Tel: +27 (0) 11 447 3030
Java Capital
JSE Sponsor Tel: +27 (0) 11 722 3050
Note to editors:
About Redefine International
Redefine International is an income focused FTSE 250 UK Real Estate Investment Trust (UK-REIT) committed to
delivering superior distributions to its shareholders throughout the property cycle.
The Company’s income driven total returns are underpinned by a diversified portfolio, together with an efficient capital
structure. The continued transformation of both the corporate structure and asset base offer a solid foundation to drive
further value. The diversified portfolio, independently valued at £1.53 billion, is focused in Europe's two strongest
economies, being the United Kingdom and Germany. The portfolio is weighted towards well located properties across
a range of sectors, including retail, offices, distribution and hotels, which benefit from strong demand and from which
they can capture income and value growth by attracting high calibre occupiers on long leases. The Company’s
investment philosophy is to effectively allocate recycled capital from mature assets into sectors and locations with
strong occupier fundamentals and individual assets with realisable upside.
Currently the secure income stream is supported by a diversified portfolio and tenant base, with a WAULT of 7.8 years
complemented by an average debt maturity of 6.9 years of which over 95% of interest costs are either fixed or
capped. The Company is focused on all aspects impacting shareholder distributions and boasts one of the lowest cost
ratios in the industry whilst continuously driving a lower cost of debt.
Redefine International holds a primary listing on the London Stock Exchange and a secondary listing on the
Johannesburg Stock Exchange and is included within the FTSE 250, EPRA and GPR indices.
The Company will be hosting a Capital Markets Day on Monday, 6 February 2017. The presentation and a live
webcast will be available on the Company's website at 10:30am (UK time), 12:30pm (SA time) on Monday, 6
February 2017: www.redefineinternational.com.
For more information on Redefine International, please refer to the Company’s website
www.redefineinternational.com.
Date: 23/01/2017 05:49:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
Sharenet Sites 
