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ADRENNA PROPERTY GROUP LIMITED - Results of General Meeting

Release Date: 21/10/2019 17:42
Code(s): ANA     PDF:  
 
Wrap Text
Results of General Meeting

ADRENNA PROPERTY GROUP LIMITED
(Registration Number 1998/012245/06)
Share Code: ANA ISIN: ZAE000163580
“Adrenna” or “the Company”


RESULTS OF GENERAL MEETING


Adrenna shareholders are advised that at the General Meeting of the Company held on 21 October
2019 (“GM”), special resolution number 1 relating to the approval of the Scheme of Arrangement
(“Scheme”) and ordinary resolution numbers 1 and 3 relating to the approval and ratification of the
loan advanced to the East Sydney Day Hospital (Pty) Ltd (“ESDH”) and providing directors with the
required authority to implement the approved resolutions, as set out in the Notice of GM (which was
dispatched to Adrenna shareholders on 23 September 2019), were passed on a poll by the requisite
majorities (being those set out in the Notice of the GM in respect of each resolution). Ordinary
resolution number 2 relating to the approval of a further loan to be advanced to ESDH was not
approved by shareholders.

Details of the voting results are as follows:
- Total number of issued ordinary shares of Adrenna at the date of the GM: 55 914 804
- Total number of Adrenna Shares that could have been voted at the GM on the resolutions
  proposed pursuant to the provisions of the Companies Act 71 of 2008 and the Listings Requirements
  of the JSE Limited:
   • Special resolution number 1:              18 123 571
   • Ordinary resolution numbers 1 & 2:        47 231 612
   • Ordinary resolution number 3:             55 914 804

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


  Special resolution number
  1 – Approval of Scheme             95.19%            4.81%        9 930 055         17.76%             0%

  Ordinary resolution
  number 1 – Approval of
  and ratification of loan
  advanced to ESDH                   81.35%           18.65%       25 444 235         45.51%            0%

  Ordinary resolution
  number 2 – Approval of             15.58%           84.42%       25 444 235         45.51%            0%
  further loan to be
  advanced to ESDH

  Ordinary resolution
  number 2 – authorisation
  of directors                       98.57%            1.43%       33 528 815         59.96%            0%

RESPONSIBILITY STATEMENT
The Board of directors of Adrenna accepts responsibility for the information contained in this announcement.
To the best of its knowledge and belief, the information contained in this announcement is true and nothing
has been omitted from this announcement which is likely to affect the importance of the information.

Johannesburg
21 October 2018


Sponsor
Arbor Capital Sponsors Proprietary Limited

Date: 21/10/2019 05:42:00
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