REBOSIS PROPERTY FUND LIMITED - Results of adjourned annual general meeting

Results of adjourned annual general meeting

REBOSIS PROPERTY FUND LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 2010/003468/06)
JSE share codes:
REA ISIN: ZAE000240552
REB ISIN: ZAE000201687
(Approved as a REIT by the JSE)
(“Rebosis” or the “Company”)

RESULTS OF ADJOURNED ANNUAL GENERAL MEETING

Shareholders are referred to the announcement released on SENS on 24 February 2021 regarding the voting
results of Rebosis’ annual general meeting (“AGM”) held on Tuesday, 23 February 2021. This announcement
included notification that the consideration of Special Resolution Numbers 1 and 2 and Ordinary Resolution
Numbers 10 and 11 (as referred to in the notice of AGM) (the "Adjourned Resolutions") was adjourned by the
chairperson of Rebosis for consideration at an adjourned annual general meeting to be held by electronic
participation at 10h00 on Thursday, 15 April 2021 (the "Adjourned AGM").

The Adjourned AGM has now been held and the voting results were as follows.

Voting per class of share

  Resolution                             Number of    Percentage of            For**      Against**    Abstained***
                                    ordinary shares     Ords and A                 %              %               %
                                     (“Ords”) and A   Ords in issue*
                                ordinary shares (“A               %
                                       Ords”) voted
  Special resolution 1:           574 097 776 Ords       82.10 Ords       83.20 Ords     16.80 Ords       0.04 Ords
  Approval of non-executive      51 541 876 A Ords     81.47 A Ords      84.88 A Ords   15.12 A Ords     0.04 A Ords
  directors’ remuneration for
  their services as directors
  
  Special resolution 2:                                                Withdrawn
  Approval of non-executive
  directors’ remuneration for
  ad hoc attendances and
  additional work
  
  Ordinary resolution 10:         573 393 810 Ords       82.00 Ords       66.24 Ords     33.76 Ords       0.14 Ords
  Remuneration policy            51 541 876 A Ords     81.47 A Ords      73.66 A Ords   26.34 A Ords     0.04 A Ords
  
  Ordinary resolution 11:         572 979 349 Ords       81.94 Ords       64.14 Ords     35.86 Ords       0.20 Ords
  Remuneration                   51 541 876 A Ords     81.47 A Ords      70.89 A Ords   29.11 A Ords     0.04 A Ords
  implementation report


*        Based on 699 253 200 Ords and 63 266 012 A Ords in issue at the date of the Adjourned AGM.
**       In relation to the total number of Ords and A Ords voted at the Adjourned AGM.
***      In relation to the total number of Ords and A Ords in issue at the date of the Adjourned AGM.
Combined voting of Ords and A Ords (“combined shares”)

    Resolution                            Number of    Percentage of         For**    Against**   Abstained***
                                           combined        combined             %            %              %
                                        shares voted        shares in
                                                              issue*
                                                                   %
    Special resolution 1:               625 639 652            82.05         83.34        16.66           0.04
    Approval of non-executive
    directors’ remuneration for their
    services as directors
    
    Special resolution 2:                                               Withdrawn
    Approval of non-executive
    directors’ remuneration for ad
    hoc attendances and additional
    work
    
    Ordinary resolution 10:             624 935 686            81.96         66.85        33.15           0.13
    Remuneration policy
    
    Ordinary resolution 11:             624 521 225            81.90         64.70        35.30           0.18
    Remuneration implementation
    report



*          Based on 762 519 212 combined shares in issue consisting of 699 253 200 Ords and 63 266 012 A Ords
           at the date of the Adjourned AGM.
**         In relation to the total number of combined shares voted at the Adjourned AGM.
***        In relation to the total number of combined shares in issue at the date of the Adjourned AGM.

Based on the above voting results, all the Adjourned Resolutions voted on at the Adjourned AGM were passed
by the requisite majority of Rebosis shareholders represented at the Adjourned AGM. Special Resolution
Number 2 was withdrawn prior to the commencement of the Adjourned AGM.

Shareholders are advised that due to Ordinary Resolution Numbers 10 and 11, relating to the non-binding
advisory votes for the approval of the remuneration policy and the approval of the remuneration
implementation report, respectively, being voted against by more than 25% of shareholders represented at the
Adjourned AGM, Rebosis has commenced engagement with such shareholders on an individual basis as required
by the JSE Limited Listings Requirements.

16 April 2021

Sponsor
Nedbank Corporate and Investment Banking, a division of Nedbank Limited

Legal advisor
Cliffe Dekker Hofmeyr Inc

Date: 16-04-2021 10:15:00
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