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GROWTHPOINT PROPERTIES LIMITED - Results of the Annual General Meeting of Growthpoint Properties Limited

Release Date: 09/12/2020 08:04
Code(s): GRT     PDF:  
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Results of the Annual General Meeting of Growthpoint Properties Limited

Growthpoint Properties Limited
Approved as a REIT by the JSE
(Incorporated in the Republic of South Africa)
(Registration number 1987/004988/06)
Share code: GRT
ISIN: ZAE000179420
("Growthpoint” or “the Company”)


RESULTS OF THE ANNUAL GENERAL MEETING OF GROWTHPOINT PROPERTIES LIMITED (THE “AGM”)

Growthpoint’s AGM was held on 8 December 2020. All resolutions proposed at the AGM were
decided on a poll. The results of the poll on each resolution dealt with are reflected in the table
below.

On the record date for the AGM (27 November 2020) Growthpoint had 3,350,268,570 ordinary
shares in issue and 2,294,929,341 shares (excluding Treasury Shares) were eligible for voting.

During the year, Growthpoint had engaged extensively with shareholders on both remuneration
and general AGM matters. This positive engagement is evident in the outcome of the voting at the
AGM and we would like to thank shareholders for their time and valuable guidance.

         Resolutions          No of Issued     % of Votes in Favour % in        Votes         %          Votes       Result
                              Shares Voted    issued                favour     Against      Against    Abstained
                                              shares                                                  (% of issued
                                                                                                        shares)
1.1   Election of Directors
      appointed by the
      Board
1.1.1 Mr R Gasant             2,290,826,360   68.38   2,276,845,367   99.39    13,980,993    0.61         0.12       Passed
1.1.2 Mrs KP Lebina           2,290,826,360   68.38   2,290,639,552   99.99       186,808    0.01         0.12       Passed
1.1.3 Mr AH Sangqu            2,290,918,198   68.38   2,205,371,414   96.27    85,546,784    3.73         0.12       Passed
1.2   Election of audit
      committee members
1.2.1 Mr R Gasant             2,290,826,360   68.38   2,277,690,274   99.43    13,136,086    0.57         0.12       Passed
1.2.2 Mr FM Berkeley          2,290,826,860   68.38   2,243,869,318   97.95    46,957,542    2.05         0.12       Passed
1.2.3 Mr JA van Wyk           2,290,918,698   68.38   2,210,621,328   96.49    80,297,370    3.51         0.12       Passed
1.2.4 Mrs KP Lebina           2,290,826,860   68.38   2,290,640,052   99.99       186,808    0.01         0.12       Passed
1.3   Re-appointment of       2,290,855,676   68.38   2,290,827,769    100         27,907    0.00         0.12       Passed
      EY Inc. as auditor
1.4.1 Advisory, non-          2,290,348,402   68.38   1,950,582,206   85.17   339,766,196    14.83        0.14       Passed
      binding approval of
      remuneration
      policy
1.4.2 Advisory, non-binding   2,228,815,639   66.53   1,692,892,371   75.95   535,923,268    24.05        1.97       Passed
      approval of
      remuneration policy
      implementation
1.5   To place the unissued   2,290,974,242   68.38   1,614,687,139   70.48   676,287,103    29.52        0.12       Passed
      authorised ordinary
      shares of the
      Company under the
      control of the
      directors
1.6   Specific and             2,290,974,557   68.38   2,117,475,320   92.43   173,499,237   7.57         0.12       Passed
      exclusive authority to
      issue ordinary shares
      to afford
      shareholders
      distribution
      reinvestment
      alternatives
1.7   General but restricted   2,290,974,552   68.38   1,919,566,625   83.79   371,407,927   16.21        0.12      Passed
      authority to issue
      shares for cash (75%
      in favour required)
1.8   To receive and           2,288,124,037   68.30   2,242,861,360   98.02   45,262,677    1.98         0.20      Passed
      accept the report of
      the Social, Ethics and
      Transformation
      Committee
2.1   Special resolution:      2,290,870,064   68.38   2,167,691,547   94.62   123,178,517   5.38         0.12      Passed
      Non-executive
      directors’ fees:
      financial year ending
      30 June 2021
2.2   Special resolution:      2,290,849,678   68.38   2,151,733,134   93.93   139,116,544   6.07         0.12      Passed
      Financial assistance
      to related and inter-
      related companies
2.3   Special resolution:      2,290,823,011   68.38   2,247,899,238   98.13   42,923,773    1.87         0.12      Passed
      Authority to
      repurchase ordinary
      shares




Date: 9 December 2020

Investec Bank Limited
Sponsor to Growthpoint

Date: 09-12-2020 08:04:00
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