EQUITES PROPERTY FUND LIMITED - Results of annual general meeting

Release Date: 27/07/2018 15:13
Code(s): EQU
 
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Results of annual general meeting

EQUITES PROPERTY FUND LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2013/080877/06)
JSE share code: EQU  ISIN: ZAE000188843
(Approved as a REIT by the JSE)
("Equites")


RESULTS OF ANNUAL GENERAL MEETING


Shareholders are advised that at the annual general meeting of shareholders held on Friday, 27 July 2018 (in terms
of the notice dispatched on 31 May 2018) all the resolutions tabled thereat were passed by the requisite majority of
shareholders, while non-binding resolution number 1 was voted against by more than 25% of the voting rights
exercised in respect of that resolution.

Details of the results of voting at the annual general meeting are as follows:

    -   total number of Equites shares in issue as at the date of the annual general meeting: 454 026 110.
    -   total number of Equites shares that were present/represented at the annual general meeting: 348 514 192
        being 77% of the total number of Equites shares that could have been voted at the annual general meeting.

Special resolution number 1: Chairman of the board remuneration

Shares voted*                 For                             Against                      Abstentions^
348 428 042                   348 411 215, being 100%         16 827, being 0.00%          86 150, being 0.02%

Special resolution number 2: Non-executive director remuneration (excluding the chairman of the board)

Shares voted*                 For                             Against                      Abstentions^
348 428 042                   348 411 215, being 100%         16 827, being 0.00%          86 150, being 0.02%

Special resolution number 3: Audit and Risk Committee remuneration

Shares voted*                 For                             Against                      Abstentions^
348 428 042                   348 412 785, being 100%         15 257, being 0.00%          86 150, being 0.02%

Special resolution number 4: Social and Ethics Committee remuneration

Shares voted*                 For                             Against                      Abstentions^
348 428 042                   348 412 785, being 100%         15 257, being 0.00%          86 150, being 0.02%

Special resolution number 5: Remuneration Committee remuneration

Shares voted*                 For                             Against                      Abstentions^
348 428 042                   348 412 785, being 100%         15 257, being 0.00%          86 150, being 0.02%

Special resolution number 6: Nomination Committee remuneration

Shares voted*                 For                             Against                      Abstentions^
348 428 042                   348 422 885, being 100%         5 157, being 0.00%           86 150, being 0.02%

Special resolution number 7: Investment Committee remuneration

Shares voted*                 For                             Against                      Abstentions^
348 428 042                   348 422 885, being 100%         5 157, being 0.00%           86 150, being 0.02%

Special resolution number 8: General approval to repurchase shares

Shares voted*                 For                             Against                      Abstentions^
348 428 042                   343 057 098, being 98.46%       5 370 944, being 1.54%       86 150, being 0.02%
 
Special resolution number 9: Financial assistance to related and inter-related parties

Shares voted*                 For                             Against                      Abstentions^
348 428 042                   328 046 634, being 94.15%       20 381 408, being 5.85%      86 150, being 0.02%

Ordinary resolution number 1: Adoption of annual financial statements

Shares voted*                 For                             Against                      Abstentions^
348 428 042                   348 428 042, being 100%         -                            86 150, being 0.02%

Ordinary resolution number 2: Re-appointment of auditors

Shares voted*                 For                             Against                      Abstentions^
348 428 042                   348 428 042, being 100%         -                            86 150, being 0.02%

Ordinary resolution number 3: Re-election of Mr AJ Gouws

Shares voted*                 For                             Against                      Abstentions^
348 428 042                   344 733 385, being 98.94%       3 694 657, being 1.06%       86 150, being 0.02%

Ordinary resolution number 4: Re-election of Mr G Lanfranchi

Shares voted*                 For                             Against                      Abstentions^
348 425 653                   346 789 104, being 99.53%       1 636 549, being 0.47%       86 150, being 0.02%

Ordinary resolution number 5: Re-election of Ms R Benjamin-Swales to the Audit and Risk Committee

Shares voted*                 For                             Against                      Abstentions^
348 425 653                   348 425 653, being 100%         -                            88 539, being 0.02%

Ordinary resolution number 6: Re-election of Mr PL Campher to the Audit and Risk Committee

Shares voted*                 For                             Against                      Abstentions^
348 428 042                   320 995 998, being 92.13%       27 432 044, being 7.87%      86 150, being 0.02%

Ordinary resolution number 7: Re-election of Mr N Khan to the Audit and Risk Committee

Shares voted*                For                              Against                      Abstentions^
348 428 042                  344 832 519, being 98.97%        3 595 523, being 1.03%       86 150, being 0.02%

Ordinary resolution number 8: Re-election of Mr M Brey to the Audit and Risk Committee

Shares voted*                For                              Against                      Abstentions^
348 425 653                  346 181 532, being 99.36%        2 244 121, being 0.64%       86 150, being 0.02%

Ordinary resolution number 9: Re-election of Ms N Mtetwa to the Audit and Risk Committee

Shares voted*                For                              Against                      Abstentions^
348 428 042                  348 378 708, being 99.99%        49 334, being 0.01%          86 150, being 0.02%

Ordinary resolution number 10: The report of the Social and Ethics Committee

Shares voted*                For                              Against                      Abstentions^
348 428 042                  348 428 042, being 100%          -                            86 150, being 0.02%

Ordinary resolution number 11: General authority to issue shares for cash

Shares voted*                For                              Against                      Abstentions^
348 428 042                  303 546 650, being 87.12%        44 881 392, being 12.88%     86 150, being 0.02%

Ordinary resolution number 12: Unissued shares under the control of directors

Shares voted*                For                              Against                      Abstentions^
348 428 042                  303 546 650, being 87.12%        44 881 392, being 12.88%     86 150, being 0.02%

Ordinary resolution number 13: Specific authority to issue shares pursuant to a reinvestment option

Shares voted*                For                              Against                      Abstentions^
348 428 042                  348 390 361, being 99.99%        37 681, being 0.01%          86 150, being 0.02%

Ordinary resolution number 14: Implementation of resolutions

Shares voted*                For                              Against                      Abstentions^
348 428 042                  348 428 042, being 100%          -                            86 150, being 0.02%

Non-binding resolution number 1: Endorsement of Remuneration Policy

Shares voted*                For                              Against                      Abstentions^
348 428 011                  246 720 431, being 70.81%        101 707 580, being 29.19%    86 181, being 0.02%

Non-binding resolution number 2: Endorsement of Remuneration Implementation Report

Shares voted*                For                              Against                      Abstentions^
348 428 042                  276 266 706, being 79.29%        72 161 336, being 20.71%     86 150, being 0.02%
* shares excluding abstentions
^ in relation to total shares is issue (excluding treasury shares)

Shareholders are advised that due to the non-binding advisory vote on the remuneration policy being voted against
by more than 25% of the voting rights exercised in respect of this resolution, Equites extends an invitation to
dissenting shareholders to engage with the company in order to address their concerns. Shareholders are requested
to address their concerns to the Chairman of the Remuneration Committee, by submitting an email to Equites
company secretary at riaan@equites.co.za by 10 August 2018. The Chairman of the Remuneration Committee will
in turn contact dissenting shareholders to engage further with them on their concerns.


27 July 2018


Sponsor
Java Capital

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