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Results of scheme meeting
LIBERTY TWO DEGREES LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2018/388906/06)
(Approved as a REIT by the JSE)
Share code: L2D
ISIN: ZAE000260576
(“L2D”)
RESULTS OF SCHEME MEETING
Unless otherwise defined in this announcement, words and expressions contained herein shall have the
same meanings as assigned to them in the combined circular distributed to L2D Shareholders on 25 August
2023 and made available on the L2D website at www.liberty2degrees.co.za.
1. INTRODUCTION
Shareholders of L2D are advised that the special resolutions necessary in order to approve and implement
the Scheme, and tabled at the General Meeting of L2D Shareholders held today, Friday, 22 September
2023, were passed by the requisite majority of votes of L2D Shareholders present and entitled to vote
thereon.
2. RESULTS OF VOTING AT THE GENERAL MEETING
Details of the results of voting at the General Meeting are as follows:
- total number of L2D Shares in issue as at the date of the General Meeting: 908,443,334.
- total number of L2D Shares entitled to vote at the General Meeting: 354,709,174.
- total number of L2D Shares present or represented at the General Meeting: 282,407,005 being
79.62% of the total number of L2D Shares entitled to vote at the General Meeting.
Special resolution number 1: Approval of the Scheme in terms of sections 114(1)(c) and 115 of the
Companies Act:
Shares voted*# For Against Abstentions^
282,384,537, being 282,264,577, being 119,960, being 0.04% 22,468, being 0.01%
79.61% 99.96%
Special resolution number 2: Revocation of special resolution number 1 if the Scheme is not
implemented:
Shares voted*# For Against Abstentions^
282,356,537, being 282,245,127, being 111,410, being 0.04% 50,468, being 0.01%
79.60% 99.96%
* number of shares voted (excluding abstentions) in relation to the total number of L2D Shares entitled
to vote at the General Meeting
^ in relation to the total L2D Shares entitled to vote at the General Meeting
# number of L2D Shares, excluding the L2D Shares held by Excluded Shareholders
3. UPDATE REGARDING THE SCHEME
Notwithstanding the approval of the Scheme by L2D Shareholders at the General Meeting, L2D
Shareholders should note that the Scheme remains subject to the fulfilment or waiver, as applicable, of
the remaining Scheme Conditions, as set out in the combined circular. Shareholders will be provided with
a further update regarding the fulfilment or waiver, as the case may be, of all of the Scheme Conditions,
as well as an update of the finalisation details in respect of the Clean-Out Distribution, via SENS in due
course.
4. RESPONSIBILITY STATEMENT
The Board (which includes the Independent Board), to the extent that the information relates to L2D,
collectively and individually accepts responsibility for the information contained in this announcement
and certifies that, to the best of its knowledge and belief, the information contained in this
announcement relating to L2D is true and that this announcement does not omit anything that is likely
to affect the importance of such information.
Johannesburg
22 September 2023
Financial adviser and Transaction sponsor to L2D
Rand Merchant Bank (a division of FirstRand Bank Limited)
Legal adviser to L2D
Werksmans Attorneys
L2D Investor Relations
Sumenthree Moodley
Contact number: 011 358 9171
Date: 22-09-2023 11:54:00
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