To view the PDF file, sign up for a MySharenet subscription.

GRAND PARADE INVESTMENTS LIMITED - Results Of The Annual General Meeting

Release Date: 08/12/2017 11:50
Code(s): GPL     PDF:  
Wrap Text
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

Date: 08/12/2017 11:50:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.

Share This Story