NEW EUROPE PROPERTY INVESTMENTS PLC - Results of annual general meeting

Release Date: 06/07/2017 17:45
Code(s): NEP
 
Wrap Text
Results of annual general meeting

NEW EUROPE PROPERTY INVESTMENTS PLC
(Incorporated and registered in the Isle of Man with registered number 001211V)
(Registered as an external company with limited liability under the laws of
South Africa, Registration number 2009/000025/10)
JSE share code: NEP BVB share code: NEP
ISIN: IM00B23XCH02
(“NEPI” or “the Company”)


RESULTS OF ANNUAL GENERAL MEETING


The Company announces that its annual general meeting was held on Thursday, 6 July 2017, at the Company's registered
office at 2nd Floor, Anglo International House, Lord Street, Douglas, Isle of Man.

All resolutions proposed were passed by the requisite majorities of NEPI shareholders.

In accordance with Article 113 paragraph (1) let. A, of the Romanian National Securities Commission Regulation no.
1/2006 and paragraph 3.91 of the JSE Listings Requirements the resolutions and the results of voting at the annual general
meeting are set out below:

-      total number of NEPI shares in issue as at the date of the annual general meeting: 334 027 068
-      total number of NEPI shares that were present/represented at the annual general meeting: 253 351 492, being 75.85%
       of the total number of NEPI shares that could have been voted at the annual general meeting

1.       To receive and adopt the reports of the Directors and Auditor of the Company and the financial statements for
         the year ended 31 December 2016

         Shares voted*            For**                         Against**                    Abstentions
         253 074 995              253 053 911, being 99.99%     21 084, being 0.01%          276 497, being 0.08%***

2.1.     To re-elect Michael Mills as a Director of the Company who retired by rotation at the Company’s annual general
         meeting, in accordance with Article 86 of the Articles of Association of the Company

         Shares voted*            For**                         Against**                    Abstentions
         253 074 995              243 069 213, being 96.05%     10 005 782, being 3.95%      276 497, being 0.08%***

2.2.     To re-elect Desmond de Beer as a Director of the Company who retired by rotation at the Company’s annual
         general meeting, in accordance with Article 86 of the Articles of Association of the Company

         Shares voted*            For**                         Against**                    Abstentions
         253 074 995              241 087 440, being 95.26%     11 987 555, being 4.74%%     276 497, being 0.08%***

2.3.     To re-elect Nevenka Pergar as a Director of the Company who retired by rotation at the Company’s annual general
         meeting, in accordance with Article 86 of the Articles of Association of the Company

         Shares voted*            For**                         Against**                    Abstentions
         253 074 995              252 964 652, being 99.96%     110 343, being 0.04%         276 497, being 0.08%***

3.1.     To re-elect Antoine Dijkstra as a Director of the Company who had been appointed by the Company’s Board of
         Directors since the last annual general meeting of the Company and who retired at the Company’s annual general
         meeting, in accordance with Article 81 of the Articles of Association of the Company

         Shares voted*            For**                         Against**                    Abstentions
         253 074 995              252 964 652, being 99.96%     110 343, being 0.04%         276 497, being 0.08%***

4.       To authorise the Directors of the Company to fix their remuneration in accordance with Article 95 of the Articles of
         Association of the Company

         Shares voted*            For**                         Against**                    Abstentions
         253 074 995              249 557 384, being 98.61%     3 517 611, being 1.39%       276 497, being 0.08%***

5.       General authority to issue shares for cash as proposed in the notice of the annual general meeting

         Shares voted*            For**                         Against**                    Abstentions
         253 074 995              216 115 916, being 85.40%     36 959 079, being 14.60%     276 497, being 0.08%***

6.       To appoint the Auditor of the Group and Company from Ernst & Young, KPMG or PricewaterhouseCoopers LLC
         and to authorise the Company’s Directors to fix their remuneration

         Shares voted*            For**                         Against**                    Abstentions
         253 074 995              232 687 187, being 91.94%     20 387 808, being 8.06%      276 497, being 0.08%***
         
         * shares excluding abstentions
         ** in relation to total number of NEPI shares that were present/represented at the annual general meeting
         *** in relation to total number of NEPI shares in issue as at the date of the annual general meeting

For further information please contact:

New Europe Property Investments plc
Mirela Covasa                                                         +40 21 232 1398

JSE sponsor
Java Capital                                                          +27 11 722 3050

Bucharest Stock Exchange advisor
SSIF Intercapital Invest SA                                           +40 21 222 8731

6 July 2017

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