REBOSIS PROPERTY FUND LIMITED - Results of Annual General Meeting

Release Date: 19/04/2018 16:08
Code(s): REB REA
 
Wrap Text
Results of Annual General Meeting

REBOSIS PROPERTY FUND LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2010/003468/06)
JSE share codes:
REA ISIN: ZAE000240552
REB ISIN: ZAE000201687
(Approved as a REIT by the JSE)
(“Rebosis” or “the company”)

RESULTS OF ANNUAL GENERAL MEETING

Shareholders are advised that at the annual general meeting of shareholders held on Wednesday, 18 April 2018 (in terms
of the notice of annual general meeting dispatched to shareholders on 28 February 2018), all of the resolutions tabled
thereat were passed by the requisite majority of Rebosis shareholders.

Details of the results of voting in respect of Rebosis ordinary shares at the annual general meeting are as follows:

-  total number of Rebosis ordinary shares that could have been voted at the annual general meeting: 673 289 779
-  total number of Rebosis ordinary shares that were present/represented at the annual general meeting: 574 631 720,
   being 85% of the total number of Rebosis ordinary shares that could have been voted at the annual general meeting

Special resolution 1: General authority to enable the company (or any subsidiary) to repurchase shares of the
company

Shares voted*      For                                Against                           Abstentions^
571 629 314        436 421 888, being 76.35%          135 207 426, being 23.65%         3 002 406, being 0.45%
being 84.90%

Special resolution 2: Authority to grant financial assistance to related and inter-related companies

Shares voted*      For                                Against                           Abstentions^
571 629 314        563 843 427, being 98.64%          7 785 887, being 1.36%            3 002 406, being 0.45%
being 84.90%

Special resolution 3: Approval of non-executive directors’ remuneration for their services as directors

Shares voted*      For                                Against                           Abstentions^
571 631 681        569 584 480, being 99.64%          2 047 201 being 0.36%             3 000 039, being 0.45%
being 84.90%

Ordinary resolution 1: Approval of the annual financial statements of the company

Shares voted       For                                Against                           Abstentions^
571 629 314,       571 629 034, being 100%            280, being 0.00%                  3 002 406, being 0.45%
being 84.90%

Ordinary resolution 2: To confirm the appointment of M de Lange as a director of the company

Shares voted*      For                                Against                           Abstentions^
571 629 314        571 430 276, being 99.97%          199 038, being 0.03%              3 002 406, being 0.45%
being 84.90%

Ordinary resolution 3: To confirm the appointment of Z Kogo as a director of the company

Shares voted*      For                                Against                           Abstentions^
571 629 314        571 552 184, being 99.99%          77 130, being 0.01%               3 002 406, being 0.45%
being 84.90%

Ordinary resolution 4: To re-elect WJ Odendaal as a director of the company

Shares voted*      For                                Against                           Abstentions^
571 629 314        571 629 034, being 100%            280, being 0.00%                  3 002 406, being 0.45%
being 84.90%

Ordinary resolution 5: To re-elect NV Qangule as a director of the company

Shares voted*      For                                Against                           Abstentions^
571 629 314        571 629 034, being 100%            280, being 0.00%                  3 002 406, being 0.45%
being 84.90%

Ordinary resolution 6: To re-elect GFvL Froneman as a director of the company

Shares voted*      For                                Against                           Abstentions^
571 629 314        571 629 034, being 100%            280, being 0.00%                  3 002 406, being 0.45%
being 84.90%

Ordinary resolution 7.1: To reappoint GFvL as a member and chairperson of the audit & risk committee

Shares voted*      For                                Against                           Abstentions^
571 629 314        571 629 034, being 100%            280, being 0.00%                  3 002 406, being 0.45%
being 84.90%

Ordinary resolution 7.2: To reappoint TS Seopa as a member of the audit & risk committee

Shares voted*      For                                Against                           Abstentions^
571 629 314        561 902 535, being 98.31%          9 634 293, being 1.69%            3 002 406, being 0.45%
being 84.90%

Ordinary resolution 7.3: To reappoint NV Qangule as a member of the audit & risk committee

Shares voted*      For                                Against                           Abstentions^
571 629 314        571 536 548, being 100%            280, being 0.00%                  3 002 406, being 0.45%
being 84.90%

Ordinary resolution 8: To reappoint Grant Thornton Johannesburg Partnership as auditors of the company

Shares voted*      For                                Against                           Abstentions^
571 629 314        571 629 034, being 100%            280, being 0.00%                  3 002 406, being 0.45%
being 84.90%

Ordinary resolution 9: Control over unissued shares

Shares voted*      For                                Against                           Abstentions^
571 629 314        558 646 940, being 97.73%          12 982 374, being 2.27%           3 002 406, being 0.45%
being 84.90%

Ordinary resolution 10: General authority to issue of shares for cash

Shares voted*      For                                Against                           Abstentions^
571 629 314        551 344 190, being 96.45%          20 285 124, being 3.55%           3 002 406, being 0.45%
being 84.90%

Ordinary resolution 11: Specific authority to issue shares pursuant to reinvestment option

Shares voted*      For                                Against                           Abstentions^
571 629 314        508 127 794, being 88.89%          63 501 520, being 11.11%          3 002 406, being 0.45%
being 84.90%

Ordinary resolution 12: Remuneration Policy

Shares voted*      For                                Against                           Abstentions^
571 630 589        331 006 940, being 57.91%          240 623 649, being 42.09%         3 001 131, being 0.45%
being 84.90%

Ordinary resolution 13: Approval of remuneration implementation report

Shares voted*      For                                Against                           Abstentions^
571 604 336        326 860 256, being 57.18%          244 744 080, being 42.82%         3 027 384, being 0.45%
being 84.90%

Ordinary resolution 14: To authorise the signature of documentation

Shares voted*      For                                Against                           Abstentions^
571 629 314        571 629 034, being 100%            280, being 0.00%                  3 002 406, being 0.45%
being 84.90%

Details of the results of voting in respect of Rebosis A ordinary shares at the annual general meeting are as follows:

-  total number of Rebosis A ordinary shares that could have been voted at the annual general meeting: 63 266 012
-  total number of Rebosis A ordinary shares that were present/represented at the annual general meeting: 59 304 361,
   being 94% of the total number of Rebosis A ordinary shares that could have been voted at the annual general meeting

Special resolution 1: General authority to enable the company (or any subsidiary) to repurchase shares of the
company

Shares voted*      For                                Against                           Abstentions^
59 304 361         40 305 076, being 67.96%           18 999 285, being 32.04%          Nil, being 0.00%
being 93.74%

Special resolution 2: Authority to grant financial assistance to related and inter-related companies

Shares voted*      For                                Against                           Abstentions^
59 304 361         43 183 573, being 72.82%           16 120 788, being 27.18%          Nil, being 0.00%
being 93.74%

Special resolution 3: Approval of non-executive directors’ remuneration for their services as directors

Shares voted*      For                                Against                           Abstentions^
59 304 361         43 250 495, being 72.93%           16 053 866, being 27.07%          Nil, being 0.00%
being 93.74%

Ordinary resolution 1: Approval of the annual financial statements of the company

Shares voted*      For                                Against                           Abstentions^
59 304 361         58 958 114, being 99.42%           346 247, being 0.58%              Nil, being 0.00%
being 93.74%

Ordinary resolution 2: To confirm the appointment of M de Lange as a director of the company

Shares voted*      For                                Against                           Abstentions^
59 304 361         43 250 495, being 72.93%           16 053 866, being 27.07%          Nil, being 0.00%
being 93.74%

Ordinary resolution 3: To confirm the appointment of Z Kogo as a director of the company

Shares voted*      For                                Against                           Abstentions^
59 304 361         43 250 495, being 72.93%           16 053 866, being 27.07%          Nil, being 0.00%
being 93.74%

Ordinary resolution 4: To re-elect WJ Odendaal as a director of the company

Shares voted*      For                                Against                           Abstentions^
59 304 361         43 250 495, being 72.93%           16 053 866, being 27.07%          Nil, being 0.00%
being 93.74%

Ordinary resolution 5: To re-elect NV Qangule as a director of the company

Shares voted*      For                                Against                           Abstentions^
59 304 361         43 250 495, being 72.93%           16 053 866, being 27.07%          Nil, being 0.00%
being 93.74%

Ordinary resolution 6: To re-elect GFvL Froneman as a director of the company

Shares voted*      For                                Against                           Abstentions^
59 304 361         43 250 495, being 72.93%           16 053 866, being 27.07%          Nil, being 0.00%
being 93.74%

Ordinary resolution 7.1: To reappoint GFvL as a member and chairperson of the audit & risk committee

Shares voted*      For                                Against                           Abstentions^
59 304 361         43 250 495, being 72.93%           16 053 866, being 27.07%          Nil, being 0.00%
being 93.74%

Ordinary resolution 7.2: To reappoint TS Seopa as a member of the audit & risk committee

Shares voted*      For                                Against                           Abstentions^
59 304 361         53 847 912, being 90.80%           5 456 449, being 9.20%            Nil, being 0.00%
being 93.74%

Ordinary resolution 7.3: To reappoint NV Qangule as a member of the audit & risk committee

Shares voted*      For                                Against                           Abstentions^
59 304 361         43 250 495, being 72.93%           16 053 866, being 27.07%          Nil, being 0.00%
being 93.74%

Ordinary resolution 8: To reappoint Grant Thornton Johannesburg Partnership as auditors of the company

Shares voted*      For                                Against                           Abstentions^
59 304 361         45 415 278, being 76.58%           13 889 083, being 23.42%          Nil, being 0.00%
being 93.74%

Ordinary resolution 9: Control over unissued shares

Shares voted*      For                                Against                           Abstentions^
59 304 361         43 209 293, being 72.86%           16 095 068, being 27.14%          Nil, being 0.00%
being 93.74%

Ordinary resolution 10: General authority to issue of shares for cash

Shares voted*      For                                Against                           Abstentions^
59 304 361         43 209 293, being 72.86%           16 095 068, being 27.14%          Nil, being 0.00%
being 93.74%

Ordinary resolution 11: Specific authority to issue shares pursuant to reinvestment option

Shares voted*      For                                Against                           Abstentions^
59 304 361         17 574 728, being 29.63%           41 729 633, being 70.37%          Nil, being 0.00%
being 93.74%

Ordinary resolution 12: Remuneration Policy

Shares voted*      For                                Against                           Abstentions^
59 304 361         16 455 965, being 27.75%           42 848 396, being 72.25%          Nil, being 0.00%
being 93.74%

Ordinary resolution 13: Approval of remuneration implementation report

Shares voted*      For                                Against                           Abstentions^
59 304 361         16 455 965, being 27.75%           42 848 396, being 72.25%          Nil, being 0.00%
being 93.74%

Ordinary resolution 14: To authorise the signature of documentation
 
Shares voted*      For                                Against                           Abstentions^
59 304 361         59 304 361, being 100%             Nil, being 0%                     Nil, being 0.00%
being 93.74%

* shares excluding abstentions
^ in relation to total shares in issue
# in relation to total shares voted for and against
  
Shareholders are further advised that due to Ordinary resolutions number 12 and 13 relating to the non-binding advisory
votes on the remuneration policy and approval of remuneration implementation report being voted against by more than
25% of Rebosis 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 Rebosis will issue a further announcement in due course including such details.

19 April 2018

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
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