TEXTON PROPERTY FUND LIMITED - Results of Annual General Meeting

Results of Annual General Meeting

TEXTON PROPERTY FUND LIMITED
Granted REIT status by the JSE
Incorporated in the Republic of South Africa
(Registration number 2005/019302/06)
Share code: TEX       ISIN: ZAE000190542
(“Texton” or “the Company”)


RESULTS OF ANNUAL GENERAL MEETING


Texton shareholders are advised that at the Annual General Meeting of Texton held on 23 November 2017,
all the resolutions as set out in the notice of Annual General Meeting, save for “ordinary resolution number 7:
Re-appointment of Ms KN Vundla as a director”, “ordinary resolution number 10: Re-appointment of Ms KN
Vundla as a member of the audit and risk committee”, and “ordinary resolution number 11: Re-appointment
of auditor (KPMG Inc.)”, which were withdrawn prior to the Annual General Meeting, were passed by the
requisite majority of shareholders. Shareholders are referred to the announcements released on
23 November 2017 for further details.

The number of shares voted in person or by proxy was 208 337 054, representing 59% of the total issued
share capital of the same class of Texton shares.

The number of shares which abstained from voting represents 0.53% of the total issued share capital of the
same class of Texton shares.

The resolutions proposed at the meeting, together with the percentage of shares abstained, as well as the
percentage of votes carried for and against each resolution, are set out below:

                                                                 % of votes carried for   % of votes against
Resolution                                                               the resolution        the resolution

Ordinary resolution 1: Adoption of annual financial                             100.00                  0.00
statements

Ordinary resolution 2: Confirmation of the appointment of Ms                     96.66                  3.34
NV Balfour

Ordinary resolution 3: Confirmation of the appointment of Ms                     99.98                  0.02
I Pick

Ordinary resolution 4: Confirmation of the appointment of Ms                     99.98                  0.02
S Mia

Ordinary resolution 5: Confirmation of the appointment of Mr                     94.71                  5.29
JD Wiese

Ordinary resolution 6: Re-election of Mr JR Macey as a                           96.66                  3.34
director

Ordinary resolution 8: Re-appointment of Mr JR Macey                             96.66                  3.34
(Chairman) as a member of the audit and risk committee

Ordinary resolution 9: Re-appointment of Ms S Mia as a                           99.98                  0.02
member of the audit and risk committee

Ordinary resolution 12: General authority to allot and issue                     90.59                  9.41
authorised but unissued shares

Ordinary resolution 13: General authority to issue shares for                    90.60                  9.40
cash

Ordinary resolution 14: Approval of remuneration policy                          65.59                 34.41

Special resolution 1: Non-executive directors’ remuneration                      86.52                 13.48

Special resolution 2: Authority to repurchase ordinary shares                    99.78                  0.22

Special resolution 3: Financial assistance to related and inter-                 95.78                  4.22
related parties

Ordinary resolution 15: Implementation of resolutions                            99.97                  0.03


Johannesburg
24 November 2017

Sponsor
Merchantec Capital

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