Wrap Text
Results of annual general meeting
TOWER PROPERTY FUND LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2012/066457/06)
JSE share code: TWR ISIN: ZAE000179040
(Approved as a REIT by the JSE)
(“Tower” or “the company”)
RESULTS OF ANNUAL GENERAL MEETING
Shareholders are advised that at the annual general meeting of shareholders held on Wednesday, 9 October 2019 (in
terms of the notice dispatched on 9 September 2019) all the resolutions tabled thereat were passed by the requisite
majority of shareholders.
Details of the results of voting at the annual general meeting are as follows:
- total number of Tower shares in issue as at the date of the annual general meeting: 339 549 647
- total number of Tower shares that were present/represented at the annual general meeting: 260 430 041 being
76.70% of the total number of Tower shares that could have been voted at the annual general meeting.
Ordinary resolution 1: Adoption of the annual financial statements
Shares voted* For Against Abstentions^
258 070 030, being 76.00% 258 070 030, being 100% - 2 360 011, being 0.70%
Ordinary resolution 2: Re-appointment of auditors
Shares voted* For Against Abstentions^
258 070 030, being 76.00% 258 070 030, being 100% - 2 360 011, being 0.70%
Ordinary resolution 3: Re-election of Ms N Milne
Shares voted* For Against Abstentions^
258 070 030, being 76.00% 258 070 030, being 100% - 2 360 011, being 0.70%
Ordinary resolution 4: Re-election of Mr A Magwentshu
Shares voted* For Against Abstentions^
258 070 030, being 76.00% 258 070 030, being 100% - 2 360 011, being 0.70%
Ordinary resolution 5.1: Re-election of Mr J Bester as chairman and member of the audit and risk committee
Shares voted* For Against Abstentions^
258 070 030, being 76.00% 258 070 030, being 100% - 2 360 011, being 0.70%
Ordinary resolution 5.2: Re-election of Ms N Milne as member of the audit and risk committee
Shares voted* For Against Abstentions^
258 070 030, being 76.00% 258 070 030, being 100% - 2 360 011, being 0.70%
Ordinary resolution 5.3: Re-election of Mr R Naidoo as member of the audit and risk committee
Shares voted* For Against Abstentions^
258 070 030, being 76.00% 256 994 900, being 99.58% 1 075 130, being 0.42% 2 360 011, being 0.70%
Ordinary resolution 6: Control over unissued shares
Shares voted* For Against Abstentions^
258 075 422, being 76.01% 233 774 933, being 90.58% 24 300 489, being 9.42% 2 354 619, being 0.69%
Ordinary resolution 7: General authority to issue ordinary shares for cash
Shares voted* For Against Abstentions^
258 075 422, being 76.01% 233 748 623, being 90.57% 24 326 799, being 9.43% 2 354 619, being 0.69%
Ordinary resolution 8: Specific authority to issue shares pursuant to a re-investment option
Shares voted* For Against Abstentions^
258 075 422, being 76.01% 230 664 304, being 89.38% 27 411 118, being 10.62% 2 354 619, being 0.69%
Ordinary resolution 9: Control over unissued ordinary shares in respect of the Tower Property Fund Incentive
Scheme
Shares voted* For Against Abstentions^
258 075 422, being 76.01% 229 368 366, being 88.88% 28 707 056,being 11.12% 2 354 619, being 0.69%
Ordinary resolution 10: Implementation of resolutions
Shares voted* For Against Abstentions^
258 070 030, being 76.00% 258 070 030, being 100% - 2 360 011, being 0.70%
Special resolution 1: Approval of non-executive directors’ remuneration
Shares voted* For Against Abstentions^
258 070 030, being 76.00% 258 068 930, being 100% 1 100, being 0.00% 2 360 011, being 0.70%
Special resolution 2: General authority to repurchase shares
Shares voted* For Against Abstentions^
258 075 422, being 76.01% 258 075 422, being 100% - 2 354 619, being 0.69%
Special resolution 3: Financial assistance for the subscription of securities
Shares voted* For Against Abstentions^
258 070 030, being 76.00% 258 070 030, being 100% - 2 360 011, being 0.70%
Special resolution 4: Financial assistance to related and inter-related parties
Shares voted* For Against Abstentions^
258 070 030, being 76.00% 258 070 030, being 100% - 2 360 011, being 0.70%
Non-binding resolution 1: Non-binding advisory vote in respect of the Tower’s remuneration policy
Shares voted* For Against Abstentions^
257 957 419, being 75.97% 257 736 611, being 99.91% 220 808, being 0.09% 2 472 622, being 0.73%
Non-binding resolution 2: Non-binding advisory vote in respect of the Tower’s remuneration implementation report
Shares voted* For Against Abstentions^
258 070 030, being 76.00% 257 849 222, being 99.91% 220 808, being 0.09% 2 360 011, being 0.70%
* shares voted in relation to total shares in issue (excluding abstentions)
^ shares voted in relation to total shares is issue (excluding treasury shares)
9 October 2019
Sponsor
Java Capital
Date: 09/10/2019 04:40:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.