SA CORPORATE REAL ESTATE LIMITED - Results of Annual General Meeting

Release Date: 30/05/2018 09:08
Code(s): SAC
 
Wrap Text
Results of Annual General Meeting

SA Corporate Real Estate Limited
Incorporated in the Republic of South Africa
Share Code: SAC ISIN Code: ZAE000203238
(Registration number 2015/015578/06)
("SA Corporate" or "the Company")
REIT status approved

RESULTS OF ANNUAL GENERAL MEETING
Shareholders are advised that the voting results for the annual general meeting (“AGM”) of SA Corporate held at the
registered offices of the Company on Tuesday, 29 May 2018 were as follows:

 Resolution                                        Number of    Percentage       For**     Against**    Abstained*
                                                shares voted  of shares in          %             %             **
                                                                    issue*                                       %
                                                                         %
 Ordinary resolution number 1 : To             2 138 223 054         84.49      100.00          0.00          0.50
 receive, consider and adopt the Annual
 Financial Statements for the year ended
 31 December 2017
 Ordinary resolution number 2: To re-
 elect the following non-executive
 directors:
 2.1 Mr ES Seedat                              2 004 150 774         79.19       64.51         35.49          5.80
 2.2 Ms GP Dingaan                             2 138 572 590         84.51       96.18          3.82          0.49
 Ordinary resolution number 3: To re-
 elect the following audit committee
 members:
 3.1 Mr RJ Biesman-Simons                      2 138 501 090         84.50      100.00          0.00          0.49
 3.2 Mr ES Seedat                              2 004 150 774         79.19       64.47         35.53          5.80
 3.3 Ms GP Dingaan                             2 138 572 590         84.51       98.03          1.97          0.49
 3.4 Ms A Chowan                               2 138 572 590         84.51      100.00          0.00          0.49
 Ordinary resolution number 4:                 2 138 570 090         84.51       66.13         33.87          0.49
 Reappointment of Deloitte & Touche as
 auditors
 Ordinary resolution number 5: Approval        2 137 520 128         84.46       90.60          9.40          0.53
 on an advisory, non-binding basis, the
 remuneration policy
 Ordinary resolution number 6: Approval        2 138 577 223         84.51       99.94          0.06          0.49
 on an advisory, non-binding basis, of the
 implementation report
 Ordinary resolution number 7: Placing         2 138 572 590         84.51       86.21         13.79          0.49
 10% of the unissued shares under the
 control of the directors
 Ordinary resolution number 8: Specific        2 138 572 590         84.51       99.96          0.04          0.49
 authority to issue shares pursuant to a
 distribution reinvestment option
 Ordinary resolution number 9: General,        2 138 572 590         84.51       94.49          5.51          0.49
 but restricted authority to issue shares
 for cash
 Special resolution number 1:                  2 138 577 223         84.51       99.01          0.99          0.49
 Reimbursement of VAT for non-
 executive directors
 Special resolution number 2: Fees
 payable to non-executive directors:
 2.1 Board – Chair                             2 138 576 723         84.51       99.96          0.04          0.49
 2.2 Board – Member                            2 138 505 223         84.50      100.00          0.00          0.49
 2.3 Audit Committee – Chair                   2 138 505 223         84.50       99.96          0.04          0.49
 2.4 Audit Committee – Member                  2 138 576 723         84.51      100.00          0.00          0.49
 2.5 Risk & Compliance Committee –             2 138 576 723         84.51      100.00          0.00          0.49
 Chair
 2.6 Risk & Compliance Committee –             2 138 576 723         84.51      100.00          0.00          0.49
 Member
 2.7 Nomination Committee – Chair              2 138 576 723         84.51       99.96          0.04          0.49
 2.8 Nomination Committee – Member             2 138 576 723         84.51      100.00          0.00          0.49
 2.9 Remuneration Committee – Chair            2 137 520 128         84.46       99.96          0.04          0.53
 2.10 Remuneration Committee –                 2 137 448 628         84.46      100.00          0.00          0.53
 Member
 2.11 Investment Committee – Chair             2 138 576 723         84.51       98.07          1.93          0.49
 2.12 Investment Committee – Member            2 138 505 223         84.50       98.07          1.93          0.49
 2.13 Social, Ethics & Environmental           2 138 577 223         84.51      100.00          0.00          0.49
 Committee – Chair
 2.14 Social, Ethics & Environmental           2 138 577 223         84.51      100.00          0.00          0.49
 Committee – Member
 Special resolution number 3: Financial        2 138 577 223         84.51       89.65         10.35          0.49
 assistance in terms of sections 44 and 45
 of the Companies Act
 Special resolution number 4: Financial        2 138 572 590         84.51       98.03          1.97          0.49
 assistance to related and inter-related
 parties
 Special resolution number 5: Specific         2 138 576 723         84.51       99.58          0.42          0.49
 authority to issue shares to directors
 pursuant to a distribution reinvestment
 option
 Special resolution number 6: General          2 138 572 590         84.51       98.08          1.92          0.49
 authority to repurchase shares

*       Based on 2 530 689 337 shares in issue at the date of the AGM.
**      In relation to the total number of shares voted at the AGM.
***     In relation to the total number of shares in issue at the date of the AGM.

Based on the above voting results, all resolutions were passed by the requisite majority of SA Corporate
shareholders present in person or represented by proxy at the AGM.

Cape Town
30 May 2018

Sponsor
Nedbank Corporate and Investment Banking

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