DELTA PROPERTY FUND LIMITED - Results of annual general meeting

Release Date: 07/08/2018 16:00
Code(s): DLT
 
Wrap Text
Results of annual general meeting

Delta Property Fund Limited
(Incorporated in the Republic of South Africa)
(Registration number 2002/005129/06)
Share code: DLT ISIN: ZAE000194049
(“Delta” or the “Company”)
REIT status approved

RESULTS OF ANNUAL GENERAL MEETING

Delta shareholders are advised that the voting results for the annual general meeting of Delta (“AGM”) held
at the registered offices of the Company on 7 August 2018 were as follows:

 Resolution                               Number of    Percentage         For**    Against**     Abstained***
                                       shares voted  of shares in            %             %                %
                                         at the AGM        issue*
                                                               %
 Ordinary resolution number 1           632 345 247     88,5894%       100,0000      0,0000%          0,3362%
 To confirm resignation of Bronwyn
 Corbett as a non-executive director
 Ordinary resolution number 2           632 345 247     88,5894%       99,8852       0,1148%          0,3362%
 To re-elect Ian Macleod as an
 independent non-executive
 director
 Ordinary resolution number 3           632 345 247     88,5894%       96,4620       3,5380%          0,3362%
 To re-elect Dumo Motau as a non-
 executive director
 Ordinary resolution number 4           632 345 247     88,5894%       95,0468%      4,9532%          0,3362%
 To reappoint BDO South Africa Inc.
 as independent auditors to the
 Company
 Ordinary resolution number 5           632 345 247     88,5894%       99,8852%      0,1148%          0,3362%
 To re-elect JJ Njeke as a member
 and Chairman of the Company’s
 Audit, Risk and Compliance
 Committee for the year ended 28
 February 2019
 Ordinary resolution number 6           632 345 247     88,5894%       99,6038%      0,3962%          0,3362%
 To re-elect Ian Macleod as a
 member of the Company’s Audit,
 Risk and Compliance Committee
 for the year ended 28 February
 2019
 Ordinary resolution number 7           632 345 247     88,5894%       99,8852%      0,1148%          0,3362%
 To re-elect Nombuso Afolayan as a
 member of the Company’s Audit,
 Risk and Compliance Committee
 for the year ended 28 February
 2019
 Ordinary resolution number 8           632 345 247     88,5894%       74,4357%     25,5643%          0,3362%
 Non-binding advisory vote to
 approve the remuneration policy
 Ordinary resolution number 9           632 345 247     88,5894%       80,4159%     19,5841%          0,5845%
 Non-binding advisory vote on
 implementation of the
 remuneration policy
 Ordinary resolution number 10          632 345 247     88,5894%       91,4407%      8,5593%          0,3362%
 To authorise the directors of the
 Company to issue shares for cash,
 as and when they in their
 discretion deem fit
 Ordinary resolution number 11          632 345 247     88,5894%       99,9991%      0,0009%          0,3362%
 To authorise the issue of shares to
 shareholders who wish to reinvest
 their cash distributions
 Ordinary resolution number 12          632 345 247     88,5894%      100,0000%      0,0000%          0,3362%
 To authorise any one director or
 the Company Secretary to action all
 ordinary and special resolutions
 Special resolution number 1            632 345 247     88,5894%       96,6088%      3,3912%          0,3362%
 To approve the non-executive
 directors’ remuneration for their
 services as directors
 Special resolution number 2            632 345 247     88,5894%       98,4062%      1,5938%          0,3362%
 To grant a general authority to
 repurchase issued shares
 Special resolution number 3            632 345 247     88,5894%       86,8883%     13,1117%          0,3362%
 To approve the granting of financial
 assistance in terms of section 44 of
 the Companies Act
 Special resolution number 4            632 345 247     88,5894%       99,9991%      0,0009%          0,3362%
 To approve the granting of financial
 assistance in terms of section 45 of
 the Companies Act
 Special resolution number 5            632 345 247     88,5894%      100,0000%      0,0000%          0,3362%
 To grant the authority to issue
 shares to directors who elect to
 reinvest their distributions under
 the Reinvestment Option

*        Based on 713 793 466 shares in issue at the date of the AGM.
**       In relation to the total number of shares voted at the AGM (which excludes abstentions).
***      In relation to the total number of shares in issue at the date of the AGM.

Shareholders are further advised that due to ordinary resolution number 8 relating to the non-binding
advisory vote to approve the remuneration policy being voted against by more than 25% of Delta’s
shareholders present in person or represented by proxy at the AGM, the executives of Delta will make
themselves available to consult with such dissenting shareholders on Friday, 24 August 2018 at 11h30 as
follows:

1.    via a telephone conference; or
2.    in person at the offices of Delta, Building 3, Silver Stream Office Park, 10 Muswell Road South,
      Bryanston, Sandton, Johannesburg, South Africa.

All dissenting shareholders to confirm their participation to the company secretary by e-mail at
paulanel@pncs.co.za by no later than close of business on Tuesday, 21 August 2018, who will provide dial-
in details for the telephone conference. Dissenting shareholders are further invited to forward their
concerns/questions on the remuneration policy to the company secretary in writing by close of business on
Tuesday, 21 August 2018.


Johannesburg
7 August 2018

Sponsor
Nedbank Corporate and Investment Banking

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