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OCTODEC INVESTMENTS LIMITED - Results of annual general meeting

Release Date: 30/01/2017 15:30
Code(s): OCT     PDF:  
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Results of annual general meeting

OCTODEC INVESTMENTS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1956/002868/06)
JSE share code: OCT ISIN: ZAE000192258
(Approved as a REIT by the JSE)
(“Octodec” or “the company”)


RESULTS OF ANNUAL GENERAL MEETING


Shareholders are advised that at the annual general meeting of shareholders held on Friday, 27 January 2017 (in terms of the
notice of annual general meeting dispatched to shareholders on 15 December 2016), all of the resolutions tabled thereat were
passed by the requisite majority of Octodec shareholders.

Details of the results of voting at the annual general meeting are as follows:

    -    total number of Octodec shares that could have been voted at the annual general meeting: 261 539 462; and
    -    total number of Octodec shares that were present/represented at the annual general meeting: 199 533 495 being 76% of
         the total number of Octodec shares that could have been voted at the annual general meeting.


Special resolution 1: To approve financial assistance to related and inter-related companies

Shares voted*                     For                               Against                           Abstentions^
197 291 106                       197 291 106, being 100.00%        -                                 2 242 389, being 0.86%

Special resolution 2: To authorise the company and/or its subsidiaries to acquire its shares

Shares voted*                     For                               Against                           Abstentions^
197 251 260                       197 251 260, being 100.00%        -                                 2 282 235, being 0.87%

Special resolution 3: Approval of directors’ remuneration for the period 1 September 2017 to 31 August 2018

Shares voted*                     For                               Against                           Abstentions^
197 291 106                       175 019 053, being 88.71%         22 272 053, being 11.29%          2 242 389, being 0.86%

Special resolution 4: Authority to issue shares to directors who elect share reinvestment alternatives

Shares voted*                     For                               Against                           Abstentions^
197 291 106                       197 291 106, being 100.00%        -                                 2 242 389, being 0.86%

Special resolution 5: Approval of the amendment to clause 6.2 of Octodec’s Memorandum of Incorporation

Shares voted*                     For                               Against                           Abstentions^
197 291 106                       197 291 106, being 100.00%        -                                 2 242 389, being 0.86%

Ordinary resolution 1.1: Re-election of Derek Cohen

Shares voted*                     For                               Against                           Abstentions^
198 434 015                       198 430 702, being 100.00%        3 313, being 0.00%                1 099 480, being 0.42%

Ordinary resolution 1.2: Re-election of Pieter Strydom

Shares voted*                     For                               Against                           Abstentions^
198 434 015                       198 430 702, being 100.00%        3 313, being 0.00%                1 099 480, being 0.42%

Ordinary resolution 1.3: Re-election of Sharon Wapnick

Shares voted*                     For                               Against                           Abstentions^
198 434 015                       184 503 302, being 92.98%         13 930 713, being 7.02%           1 099 480, being 0.42%

Ordinary resolution 2: To place the unissued shares under the directors’ control

Shares voted*                     For                               Against                           Abstentions^
198 434 015                       171 164 786, being 86.26%         27 269 229, being 13.74%          1 099 480, being 0.42%

Ordinary resolution 3: To approve the issue of shares for cash

Shares voted*                     For                               Against                           Abstentions^
198 434 015                       184 291 248, being 92.87%         14 142 767, being 7.13%           1 099 480, being 0.42%

Ordinary resolution 4.1: To approve the re-appointment of members of the audit committee – Pieter Strydom (Chairman)

Shares voted*                     For                               Against                           Abstentions^
198 434 015                       198 430 702, being 100.00%        3 313, being 0.00%                1 099 480, being 0.42%

Ordinary resolution 4.2: To approve the re-appointment of members of the audit committee – Derek Cohen

Shares voted*                     For                               Against                           Abstentions^
198 434 015                       198 434 015, being 100.00%        -                                 1 099 480, being 0.42%

Ordinary resolution 4.3: To approve the re-appointment of members of the audit committee – Gerard Kemp

Shares voted*                     For                               Against                           Abstentions^
198 434 015                       198 430 702, being 100.00%        3 313, being 0.00%                1 099 480, being 0.42%

Ordinary resolution 4.4: To approve the re-appointment of members of the audit committee – Myron Pollack

Shares voted*                     For                               Against                           Abstentions^
198 434 015                       157 480 827, being 79.36%         40 953 188, being 20.64%          1 099 480, being 0.42%

Ordinary resolution 5: To approve the re-appointment of auditors

Shares voted*                     For                               Against                           Abstentions^
198 434 015                       183 123 910, being 92.28%         15 310 105, being 7.72%           1 099 480, being 0.42%

Ordinary resolution 6: To approve the remuneration philosophy

Shares voted*                     For                               Against                           Abstentions^
198 434 015                       162 064 746, being 81.67%         36 369 269, being 18.33%          1 099 480, being 0.42%

Ordinary resolution 7: Specific authority to issue shares to afford shareholders distribution reinvestment alternatives

Shares voted*                     For                               Against                           Abstentions^
198 434 015                       198 434 015, being 100.00%        -                                 1 099 480, being 0.42%

Ordinary resolution 8: To provide signed authority

Shares voted*                     For                               Against                           Abstentions^
198 434 015                       198 434 015, being 100.00%        -                                 1 099 480, being 0.42%
* shares excluding abstentions
^ in relation to total shares in issue

30 January 2017


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