Wrap Text
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 28 November 2023. All resolutions proposed at the AGM were decided on
a poll, the results of which are reflected in the table below. The non-binding advisory resolution relating to
the Company's Remuneration Implementation Report was not endorsed by shareholders.
On the record date for the AGM 17 November 2023, Growthpoint had 3 430 787 066 ordinary shares in
issue and 3 386 428 576 shares (excluding Treasury Shares) were eligible for voting.
During the year, Growthpoint engaged extensively with shareholders on both remuneration and general
AGM matters.
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 Re-election of Non-
executive Directors who
retire at the meeting and
hold themselves available
for re-election
1.1.1 Mr R Gasant 2,633,472,367 76.76 2,488,153,183 94.48 145, 319,184 5.52 0.10 Passed
1.1.2 Mrs KP Lebina 2,633,475,041 76.76 2,577,243,484 97.86 56,231,557 2.14 0.10 Passed
1.1.3 Mr AH Sangqu 2,633,475,038 76.76 2,593,069,081 98.47 40,405,957 1.53 0.10 Passed
1.2 Election of audit
committee members
1.2.1 Mr M Hamman 2,633,472,370 76.76 2,627,528,857 99.77 5,943,513 0.23 0.10 Passed
1.2.2 Mr FM Berkeley 2,633,472,367 76.76 2,607,880,367 99.03 25, 591 991 0.97 0.10 Passed
1.2.3 Mrs KP Lebina 2,633,475,041 76.76 2,626,525,762 99.74 6,949,279 0.26 0.10 Passed
1.2.4 Mr CD Raphiri 2,630,175,041 76.66 2,469,218,215 93.88 160,956,826 6.12 0.20 Passed
1.2.5 Mr AH Sangqu 2,633,475,041 76.76 2,615,157,846 99.30 18,317,195 0.70 0.10 Passed
1.3 Re-appointment of EY 2,633,472,367 76.76 2,612,104,540 99.19 21,367,827 0.81 0.10 Passed
Inc. as auditor and Ms J
Fitton as engagement
partner
1.4.1 Advisory, non-binding 2,633,413,088 76.76 2,231,564,791 84.74 401,848,927 15.26 0.11 Passed
approval of
remuneration policy
1.4.2 Advisory, non-binding 2,633,413,088 76.76 1,851,582,032 70.31 781,831086 29.69 0.11 Consult
approval of
remuneration policy
implementation
1.5 To place the unissued 2,633,210,257 76.75 2,265,513,109 86.04 367,697,148 13.96 0.11 Passed
authorised ordinary
shares under the control
of the directors
1.6 Specific and exclusive 2,633,207,586 76.75 2,610,418,050 99.13 22,789,536 0.87 0.11 Passed
authority to issue
ordinary shares to
afford shareholders
distribution
reinvestment
alternatives
1.7 General but restricted 2,633,214,279 76.75 2,286,517,396 86.83 346,696,883 13.17 0.11 Passed
authority to issue
shares for cash
1.8 Proposed amendments 2,633,148,304 76.75 2,609,002,438 99.08 24,145,8661 0.92 0.11 Passed
to the Growthpoint
Staff Incentive Scheme
Deed and Rules
1.9 To receive and accept 2,632,441,732 76.73 2,629,805,652 99.90 2,636,080 0.10 0.13 Passed
the report of the Social,
Ethics and
Transformation
Committee
2.1 Special resolution: 2,633,367,732 76.76 2,453,723,902 93.18 179,643,830 6.82 0.11 Passed
Non-executive
directors' fees:
financial year ending
30 June 2024
2.2 Special resolution: 2,633,415,834 76.76 2,001,181,728 75.99 632,234,106 24.01 0.11 Passed
Financial assistance
in terms of Section 44
of the Companies Act
2.3 Special resolution: 2,633,475,016 76.76 2,012,800,205 76.43 620,674,811 23.57 0.10 Passed
Financial assistance
in terms of Section 45
of the Companies Act
2.4 Special resolution: 2,633,334,612 76.76 2,359,916,542 89.62 273,418,070 10.38 0.11 Passed
Authority to
repurchase ordinary
shares
Resolution 1.4.2 "Advisory non-binding approval of the implementation of the remuneration policy has not
obtained the required 75% vote and therefore the company will be engaging dissenting shareholders in the near
future to ascertain their concerns. In this regard we also invite dissenting shareholders to contact Lauren Turner,
Head of Investor Relations, ESG and Strategy at lturner@growthpoint.co.za or 011 944 6346.
Date: 29 November 2023
Investec Bank Limited
Sponsor to Growthpoint
Date: 29-11-2023 07:45:00
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.
Sharenet Sites 
