SPEAR REIT LIMITED - Results of the Annual General Meeting

Release Date: 10/08/2018 13:15
Code(s): SEA
 
Wrap Text
Results of the Annual General Meeting

SPEAR REIT LIMITED
(Incorporated in the Republic of South
Africa)
(Registration number 2015/407237/06)
Share Code: SEA
ISIN: ZAE000228995
Approved as a REIT by the JSE
(“Spear” or “the Company”)


RESULTS OF THE ANNUAL GENERAL MEETING


Shareholders are hereby advised that at the annual general meeting of the Company held at
11:00 today, Friday, 10 August 2018 at DoubleTree by Hilton, 31 Brickfield Road, Upper East
side, Woodstock, Cape Town, (“AGM”), all of the resolutions were passed by the requisite
majorities of the Company’s shareholders.

Details of the results of the voting at the AGM are as follows:

                                              Votes
                           Votes for        against
                          resolution     resolution
                                 as a           as a                  Number of      Number of
                         percentage     percentage                        shares         shares
                             of total       of total                     voted at     abstained
                          number of      number of      Number of      AGM as a             as a
 Resolutions                 shares          shares        shares    percentage     percentage
 proposed at the            voted at       voted at       voted at   of shares in   of shares in
 AGM                           AGM             AGM           AGM           issue          issue

 Ordinary resolution
 number 1:
 Retirement and re-
 election of Mr JE
 Allie as director           98,06%          0,98%     132,174,210       71,30%          0,68%

 Ordinary resolution
 number 2:
 Retirement and re-
 election of Mr N
 Kjellström-Matseke
 as director                 99,02%          0,02%     132,174,210       71,30%          0,68%

 Ordinary resolution
 number 3:
 To re-appoint Mr
 JA Allie as member
 of the audit and risk
 committee                   98,76%          0,28%     132,174,210       71,30%          0,68%

 Ordinary resolution
 number 4:
 To re-appoint Mr
 BL Goldberg as
 member of the
 audit and risk
 committee                   99,04%          0,00%     132,174,210       71,30%          0,68%

Ordinary resolution
number 5:
To Re-appoint Mr N
Kjellström-Matseke
as member of the
audit and risk
committee                    99,02%          0,02%    132,174,210        71,30%          0,68%

Ordinary resolution
number 6:
To re-appoint BDO
Cape Inc. as the
auditor of the
company                      98,94%          0,10%    132,174,210        71,30%          0,68%

Ordinary resolution
number 7:
Non-binding
advisory vote on
Spear’s
remuneration policy          96,50%          2,54%    132,174,210        71,30%          0,68%

Ordinary resolution
number 8:
Non-binding
advisory vote on
Spear’s
implementation
report                       98,32%          0,72%    132,174,210        71,30%          0,68%

Ordinary resolution
number 9:
General authority to
issue ordinary
shares for cash              76,64%          22,40%   132,174,210        71,30%          0,68%

Special resolution
number 1:
Remuneration of
non-executive                                                    
directors                    84,29%          14,75%   132,174,210        71,30%          0,68%

Special resolution
number 2:
Inter-company                                          
financial assistance         99,04%          0,00%   132,174,210         71,30%          0,68%

Special resolution
number 3:
Financial
assistance for
acquisition of
shares in a related
or inter related
company                      98,76%          0,28%   132,174,210         71,30%          0,68%

Special Resolution    
number 4:
Share buy-back by
Spear and its
subsidiaries                 95,26%          3,78%   132,174,210         71,30%          0,68%


Cape Town
10 August 2018

Sponsor
PSG Capital

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