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STOR-AGE PROPERTY REIT LIMITED - Results of the Annual General Meeting

Release Date: 23/08/2019 10:05
Code(s): SSS     PDF:  
 
Wrap Text
Results of the Annual General Meeting

Stor-Age Property REIT Limited
Incorporated in the Republic of South Africa
Registration number 2015/168454/06
Share Code: SSS ISIN: ZAE000208963
Approved as a REIT by the JSE
(“Stor-Age” or “the Company”)

RESULTS OF THE ANNUAL GENERAL MEETING

Shareholders are advised that at the Annual General Meeting (“AGM”) of Stor-Age shareholders held on Thursday,
22 August 2019, all ordinary and special resolutions proposed thereat were approved by the requisite majority of votes.

The voting results are set out hereunder:

Total issued share capital                                                              :             393 005 377
Total number of shares present/represented (including proxies)                          :             321 119 328
Total percentage of shares present/represented (including proxies)
in relation to the total issued share capital                                           :             81.71%


Resolutions                                               Shares             Votes             Votes                     Votes
                                                          Voted            Abstained            For                     Against
                                                       Number       %(1)        %(1)       Number         %(2)        Number      %(2)
Ordinary resolution number 1                        318 595 286    81.07        0.51    318 595 286     100.00             0      0.00
Re-election of Mr GBH Fox as an independent
non-executive director
Ordinary resolution number 2                        318 593 226    81.07         0.51   307 711 064      96.58      10 882 162     3.42
Re-election of Mr MS Moloko as an
independent non-executive director
Ordinary resolution number 3                        318 593 226    81.07         0.51   264 340 432      82.97      54 252 794    17.03
Re-appointment of KPMG Inc as the
Company’s auditor
Ordinary resolution number 4                        318 595 286    81.07         0.51   318 595 286     100.00              0      0.00
Election of Mr GBH Fox as a member and the
chairman of the audit and risk committee
Ordinary resolution number 5                        318 593 226    81.07         0.51   302 217 361      94.86      16 375 865     5.14
Election of Mr MS Moloko as a member of the
audit and risk committee
Ordinary resolution number 6                        318 595 286    81.07         0.51   318 595 286     100.00              0      0.00
Election of Ms KM de Kock as a member of the
audit and risk committee
Ordinary resolution number 7                        318 595 286    81.07         0.51   299 868 586      94.12      18 726 700     5.88
Election of Mr PA Theodosiou as a member of
the audit and risk committee
Ordinary resolution number 8                        318 591 490    81.07         0.51   276 733 522      86.86      41 857 968    13.14
General authority to directors to issue shares
for cash
Ordinary resolution number 9                        318 593 550    81.07         0.51   318 591 490     100.00          2 060      0.00
Amendment of the Rules of The Stor-Age
Property REIT Limited Conditional Share Plan
Non-binding advisory vote 1                         318 592 550    81.07         0.51   257 115 520      80.70      61 477 030    19.30
Endorsement of the remuneration policy
Non-binding advisory vote 2                         311 573 026    79.28         2.30   251 002 527      80.56      60 570 499    19.44
Endorsement of the implementation report in
regard to the remuneration policy
Special resolution number 1                         318 592 550    81.07         0.51   318 575 868      99.99         16 682      0.01
Remuneration of non-executive directors for
their service as directors for the 2021 financial
year
Special resolution number 2                         318 593 550    81.07         0.51   318 576 868      99.99         16 682      0.01
General authority to provide financial
assistance to subsidiary companies
Notes:
1. As a percentage of total ordinary shares in issue.
2. As a percentage of shares voted.


Cape Town
23 August 2019

Sponsor
Questco Corporate Advisory (Pty) Ltd

Date: 23/08/2019 10:05:00
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