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Results Of The Annual General Meeting
Grand Parade Investments Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1997/003548/06)
Share code: GPL
ISIN: ZAE000119814
(“GPI” or “the Company”)
RESULTS OF THE ANNUAL GENERAL MEETING
Shareholders are hereby advised that at the annual general meeting of the Company
held at 18:00 yesterday, 7 December 2017, at the Table Bay Hotel, Breakwater
Boulevard, Victoria Wharf Shopping Centre V&A Waterfront, Western Cape(“AGM”), all
of the resolutions proposed were passed by the requisite majority of GPI
shareholders.
Details of the results of voting at the AGM are as follows:
Votes for Votes Number of Number of Number of
resolution against shares shares shares
as a resolution voted at voted at abstained
percentage as a AGM AGM as a as a
of total percentage percentage percentage
number of of total of shares of shares
shares number of in issue in issue
voted at shares (%) (%)
Resolutions proposed AGM (%) voted at
at the AGM AGM (%)
Ordinary Resolution
Number 1:
Re-election of Mr A
Abercrombie as 99.98% 0.02% 318,843,419 67.30% 0.03%
director
Ordinary Resolution
Number 2:
Re-election of Mr R 99.98% 0.02% 318,387,419 67.20% 0.12%
Hargey as director
Ordinary Resolution
Number 3:
Appointment of Mr S 99.97% 0.03% 318,611,852 67.25% 0.08%
Barends as director
Ordinary Resolution
Number 4:
Re-appointment of
Dr. NV Maharaj as a
member of the Audit 99.97% 0.03% 318,690,619 67.26% 0.06%
and Risk Committee
Ordinary Resolution
Number 5:
Re-appointment of Mr
CM Priem as member
of the Audit and 99.92% 0.08% 318,879,994 67.30% 0.02%
Risk Committee
Ordinary Resolution
Number 6:
Re-appointment of 100.00% 0.00% 318,480,714 67.22% 0.07%
Prof WD Geach as
member of the Audit
and Risk Committee
Ordinary Resolution
Number 7:
Re-appointment of EY 99.98% 0.02% 318,584,910 67.24% 0.09%
as independent
auditor
Ordinary Resolution
Number 8:
Non-binding advisory 60.53% 39.47% 318,798,714 67.29% 0.04%
vote on the
Company’s
remuneration policy
Ordinary Resolution
Number 9:
Non-binding advisory
vote on the
implementation of
the Company’s 66.86% 33.14% 318,677,263 67.26% 0.07%
remuneration policy
Special Resolution
Number 1:
Remuneration of non- 99.82% 0.18% 318,431,568 67.21% 0.12%
executive directors
Special Resolution
Number 2:
Inter-company 82.07% 17.93% 318,796,955 67.29% 0.03%
financial assistance
Special Resolution
Number 3:
Financial assistance
for acquisition of 99.90% 0.10% 318,348,195 67.19% 0.12%
shares in a related
or inter-related
company
Special Resolution
Number 4:
Share Buy-back by
the Company and its 99.90% 0.10% 318,728,955 67.27% 0.05%
subsidiaries
Shareholders are further advised that due to Ordinary resolutions number 8 and 9
relating to the non-binding advisory votes on the remuneration policy and the
implementation of the remuneration policy were voted against by more than 25% of
GPI shareholders present in person or represented by proxy at the AGM, an
invitation will be extended to such dissenting shareholders to engage with the
Company. The manner and timing of such engagement has not as yet been finalised
and GPI will issue a further announcement shortly including such details.
Cape Town
8 December 2017
Sponsor
PSG Capital Proprietary Limited
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