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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
LEI: 378900F76170CCB33C50
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 a.m. today, Friday, 24 July 2020 at Spear REIT Offices, 16th
Floor, 2 Long 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 100% 0.00% 151,246,318 73.50% 0.30%
number 1:
Retirement and re-
election of Dr. RL
Phillips as director
Ordinary resolution 97.58% 2.42% 151,458,724 73.60% 0.19%
number 2:
Retirement and re-
election of Mr. CS
McCarthy
Ordinary resolution 100% 0.00% 151,458,724 73.60% 0.19%
number 3:
Retirement and re-
election of Mr. N
Kjellström-Matseke
as director
Ordinary resolution 99.86% 0.14% 151,459,024 73.60% 0.19%
number 4:
To re-appoint Mr.
JE Allie as member
of the audit and risk
committee
Ordinary resolution 100% 0.00% 151,459,024 73.60% 0.19%
number 5:
To re-appoint Mr.
BL Goldberg as
member of the
audit and risk
committee
Ordinary resolution 100% 0.00% 151,458,724 73.60% 0.19%
number 6:
To re-appoint Mr. N
Kjellström-Matseke
as member of the
audit and risk
committee
Ordinary resolution 97.58% 2.42% 151,458,724 73.60% 0.19%
number 7:
To re-appoint BDO
South Africa
Incorporated as the
auditor of the
company
Ordinary resolution 97.85% 2.15% 151,458,724 73.60% 0.19%
number 8:
Non-binding
advisory vote on
Spear’s
remuneration policy
Ordinary resolution 67.54% 32.46% 151,453,724 73.60% 0.20%
number 9: Non-
binding advisory
vote on Spear’s
implementation
report on the
remuneration policy
Ordinary resolution 99.65% 0.35% 151,458,724 73.60% 0.19%
number 10:
General authority to
issue ordinary
shares for cash
Special resolution 75.84% 24.16% 151,452,224 73.60% 0.20%
number 1:
Remuneration of
non-executive
directors
Special resolution 100% 0.00% 151,482,224 73.61% 0.20%
number 2:
Inter-company
financial assistance
Special resolution 72.52% 27.48% 151,452,224 73.60% 0.20%
number 3: Financial
assistance for the
subscription and/or
purchase of shares
in the Company or
a related or inter-
related company
Special resolution 96.93% 3.07% 151,452,224 73.60% 0.20%
number 4:
Share repurchases
by Spear and its
subsidiaries
Note:
Total number of shares in issue as at the date of the AGM was 205,776,521.
Shareholders are further advised that, as ordinary resolution number 9 relating to the non-
binding advisory vote on the implementation of the remuneration policy, was voted against by
25% or more of the votes exercised by the Company’s shareholders present in person or
represented by proxy at the AGM, an invitation will be extended to such dissenting
shareholders to engage with the Company. The manner and timing of such engagement has
not as yet been finalised and the Company will issue a further announcement shortly setting
out such details.
Cape Town
24 July 2020
Sponsor
PSG Capital
Date: 24-07-2020 04:00:00
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