ASCENSION PROPERTIES LIMITED - Results of annual general meeting

Release Date: 11/04/2017 16:47
Code(s): AIA
 
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Results of annual general meeting

ASCENSION PROPERTIES LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2006/026141/06)
JSE share code: AIA ISIN: ZAE000204566
(Approved as a REIT by the JSE)
(“Ascension” or “the Company”)


RESULTS OF ANNUAL GENERAL MEETING


Shareholders are advised that at the annual general meeting of shareholders held on Tuesday, 11 April 2017 (in terms of the notice of
annual general meeting dispatched to shareholders on 28 February 2017), all of the resolutions tabled thereat were passed by the
requisite majority of Ascension shareholders.

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

-   total number of Ascension shares that could have been voted at the annual general meeting: 327 260 859.
-   total number of Ascension shares that were present/represented at the annual general meeting: 317 644 867 being 97% of the
    total number of Ascension shares that could have been voted at the annual general meeting.


Ordinary Resolution 1 : To appoint the auditors of the Company

Shares                              For                                   Against                        Abstentions
317 644 867                         317 644 867, being 100%               -                              -


Ordinary Resolution 2.1: To appoint Mr Sanjay Chiboo as a director of the Company

Shares                              For                                   Against                        Abstentions
317 644 867                         317 644 867, being 100%               -                              -


Ordinary Resolution 2.2: To re-appoint Mr Nkosi Gugushe as a director of the Company

Shares                              For                                   Against                        Abstentions
317 644 867                         317 644 867, being 100%               -                              -


Ordinary Resolution 2.3 : To re-appoint Mr Mervyn Burton as a director of the Company

Shares                              For                                   Against                        Abstentions
317 644 867                         310 737 651, being 97.83%             6 907 216, being 2.17%         -


Ordinary Resolution.3.1: To re-appoint Mr Mervyn Burton as a member of the audit and risk committee

Shares                              For                                   Against                        Abstentions
317 644 867                         311 547 036, being 98.08%             6 097 831, being 1.92%         -


Ordinary Resolution 3.2 : To re-appoint Mr Haroon Takolia as a member of the audit and risk committee

Shares                              For                                   Against                        Abstentions
317 644 867                         317 644 867, being 100%               -                              -


Ordinary Resolution 3.3 : To re-appoint Mr Nkosi Gugushe as a member of the audit and risk committee

Shares                              For                                   Against                        Abstentions
317 644 867                         317 644 867, being 100%               -                              -

Special Resolution 1: To authorise the Company to repurchase shares

Shares                              For                                   Against                        Abstentions
317 644 867                         284 494 012, being 89.56%             33 150 855, being 10.44%       -


Ordinary Resolution 4 : General authority to issue shares for cash

Shares                              For                                   Against                        Abstentions
317 644 867                         311 462 265, being 98.05%             6 182 602, being 1.95%         -


Special Resolution 2 : Provision of financial assistance to related and inter-related parties

Shares                              For                                   Against                        Abstentions
317 644 867                         317 644 867, being 100%               -                              -


Special Resolution 3 : Approval to issue shares in terms of section 41(1) of the Companies Act

Shares                              For                                   Against                        Abstentions
317 644 867                         278 914 632, being 87.81%             38 730 235, being 12.19%       -

Special Resolution 4 : Approval of non-executive directors’ remuneration

Shares                              For                                   Against                        Abstentions
317 644 867                         287 490 416, being 90.51%             30 154 451, being 9.49%        -


Special Resolution 5 : Amendment to the Company’s Memorandum of Incorporation

Shares                              For                                   Against                        Abstentions
317 644 867                         317 644 867, being 100%               -                              -


Ordinary Resolution 5 : To give general authority to the board to implement all resolutions passed

Shares                              For                                   Against                        Abstentions
317 644 867                         317 644 867, being 100%               -                              -


11 April 2017



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