SPEAR REIT LIMITED - Results Of The Annual General Meeting

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 the results of the voting at the annual general meeting
of the Company held at 11:00 today, Thursday, 8 August 2019 at 15 on Orange, Autograph
Collection, Corner Grey’s Pass and Orange Street, Cape Town (“AGM”), are as follows:

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

Ordinary resolution    99.92%       0.00%        192 890 747    93.74%         0.07%
number 1:
Retirement and
re-election of Mr.
BL Goldberg as
director

Ordinary resolution    99.92%       0.00%        192 890 747    93.74%         0.07%
number 2:
Retirement and
re-election of Mr. A
Varachhia as
director

Ordinary resolution    99.92%       0.00%        192 890 747    93.74%         0.07%
number 3:
Confirmation of Dr.
R Phillips’
appointment as
director

Ordinary resolution    99.92%       0.00%        192 890 747    93.74%         0.07%
number 4:
Confirmation of Mr.
MN Flax’s
appointment as
director

Ordinary resolution    99.92%       0.00%        192 890 747    93.74%         0.07%
number 5:
To re-appoint Mr.
JE Allie as member
of the audit and risk
committee

Ordinary resolution    99.92%       0.00%        192 890 747    93.74%         0.07%
number 6:
To re-appoint Mr.
BL Goldberg as
member of the
audit and risk
committee

Ordinary resolution    99.92%       0.00%        192 890 747    93.74%         0.07%
number 7:
o re-appoint Mr. N
Kjellström-Matseke
as member of the
audit and risk
committee

Ordinary resolution    99.92%       0.00%        192 890 747    93.74%         0.07%
number 8:
To re-appoint BDO
Cape Incorporated
as the auditor of
the company

Ordinary resolution    96.79%       3.13%        192 890 747    93.74%         0.07%
number 9:
Non-binding
advisory vote on
Spear’s
remuneration
Policy

Ordinary resolution    99.40%       0.52%        192 890 747    93.74%         0.07%
number 10:
Non-binding
advisory vote on
Spear’s
implementation
report on the
remuneration policy

Ordinary resolution    68.59%      31.33%        192 890 747    93.74%         0.07%
number 11: 
General authority to
issue ordinary
shares for cash

Special resolution     78.01%      21.91%        192 890 747    93.74%         0.07%
number 1:
Remuneration of
non-executive
directors

Special resolution     99.92%       0.00%        192 890 747    93.74%         0.07%
number 2:
Inter-company
financial assistance

Special resolution     77.86%      22.06%        192 890 747    93.74%         0.07%
number 3:
Financial
assistance for
acquisition of
shares in the
company or a
related or inter-
related company

Special resolution     95.93%       3.99%        192 890 747    93.74%         0.07%
number 4:
Share buy-back by
Spear and its
subsidiaries

Note:
Total number of shares in issue as at the date of the AGM was 205 776 521.

Cape Town
8 August 2019

Sponsor
PSG Capital

Date: 08/08/2019 03:15:00
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