onlyuseLevel 16
1 Market Street Sydney NSW 2000
personalPO Box 25
Surfers Paradise
Queensland 4217 Australia
Tel (07) 56280474 Fax (07) 56464317
For
RAPTIS GROUP LIMITED
ABN 43 010 472 858
1 June 2022
Nicola Lombardi
Compliance Officer,
Listings Compliance (Sydney)
20 Bridge Street
Sydney 2000
Dear Nicola
RE Media Release
The Board of Raptis Group Limited have authorised the attached document.
For any further information contact details are:
James Raptis Chairman 0756280474
Thank you for your assistance.
Yours faithfully
Raptis Group Limited
Malcolm Cory
Company Secretary
onlyuseLevel 16
1 Market Street Sydney NSW 2000
personalPO Box 25
Surfers Paradise
Queensland 4217 Australia
Tel (07) 56280474 Fax (07) 56464317
For
RAPTIS GROUP LIMITED
ABN 43 010 472 858
Raptis Group Limited (ASX:RPG) Announcement
We are pleased to advise that the attached Notice of General Meeting package has been sent to all shareholders.
Raptis Group Limited is seeking to enter into development management agreements for the development of three residential towers in Broadbeach on the Gold Coast.
A resolution will be put to a General Meeting on 29 June 2022 to approve entering into these agreements. Non-associated shareholders will consider these resolutions to generate a fixed income this calendar year of $528,000 and a subject to performance income over the period from June 2024 and July 2026, a potential further net income of $7,288,000.
Raptis Group Limited has been researching a number of development opportunities. It has proposed entering into development management agreements as it allows the company to exercise and be rewarded for its development expertise and intellectual property within an acceptable risk framework.
An independent expert's opinion is provided with the notice of meeting that concludes that the proposed agreement is Fair and Reasonable to the non-associated shareholders.
Separately, Raptis Group Limited continues to research Build to Rent, Management Rights acquisitions, investment and development opportunities.
For further media enquiries
Ryan Ellem, Director
ryan@lmcommunicatiosn.com.au
0427 916 020ll
For personal use only
RAPTIS GROUP LIMITED
ACN 010 472 858
Notice of General Meeting
29 June 2022 2.30 pm
Level 3, 25 Elkhorn Avenue
Surfers Paradise 4217
ORDINARY BUSINESS
To consider and if thought fit, pass the following resolution as an ordinary resolution:
Resolution - To enter into a development management agreement for three residential towers
"That for the purposes of ASX Listing Rule 10.1 and all other purposes shareholders approve entering into a Development Management Agreement for three residential towers with entities associated with Mr James Raptis, to participate subject to performance in the sales proceeds of units at
- Sterling Broadbeach, 8 George Avenue Broadbeach with the Trustee of the George Avenue Trust, a fixed fee of $176,000 on 30 June 2022 and subject to performance a fee sunset date of 31 December 2024.
- 7 Anne Avenue Broadbeach with the Trustee of the Raptis Anne Avenue Trust, a fixed fee of $176,000 on 30 September 2022 and subject to performance a fee sunset date of 31 December 2025.
- 42 Chelsea Avenue Broadbeach with the Trustee of the Berea Raptis Anne Avenue Trust a fixed fee of $176,000 on 31 December 2022 and subject to performance a fee sunset date of 30 June 2026"
Electronic Attendance
Video conference access will be available at that time via the link.
https://bit.ly/3lkOoI6
By order of the Board
Dated
Malcolm Cory
Company Secretary
For personal use only
SAVE TIME & VOTE ONLINE:
registrydirect.com.au/investor
31 May 2022
Present this QR code at the meeting:
**** ADDRESS STARTS HERE ****
Investor Name(s) C/O Example Ltd PO BOX 0000 MELBOURNE VIC 3000PROXY FORM
Please complete and return this form if you wish to appoint a proxy and/or direct how you want your votes cast at the General Meeting of Raptis Group Limited (ABN 43010472858) to be held at 2:30 p.m. AEST on Wednesday, 29 June 2022 at Level 3 25 Elkhorn Avenue, Surfers Paradise Qld 4217 and at any adjournment or postponement of the meeting. This form must be completed and returned by 2:30 p.m. AEST on Monday, 27 June 2022.
Alternatively, you can appoint a proxy and/or direct how you want your votes cast online at https://www.registrydirect.com.au/investor/.
Step 1 - Appoint your Proxy
I/We are or represent a member/s of Raptis Group Limited and entitled to attend and vote hereby appoint:
the Chairman of the | OR | Write here the name of the person (or body | ||
Meeting (mark box | corporate) you are appointing if this person is | |||
with 'X') | someone other than the Chairman of the Meeting |
or failing attendance at the meeting of the person or body corporate named above, or if no person is named, the Chairman of the Meeting, to act generally at the meeting on my/our behalf and to vote in accordance with the directions on this proxy form or, if no directions have been given and to the extent permitted by law, as he or she sees fit, at the General Meeting of Raptis Group Limited to be held at 2:30 p.m. AEST on Wednesday, 29 June 2022 at Level 3 25 Elkhorn Avenue, Surfers Paradise Qld 4217 and at any adjournment or postponement of the meeting.
This form authorises our proxy to vote on the lesser of
all our securities OR | _____________________ securities |
I/We acknowledge, if the Chairman of the Meeting is appointed as our proxy (or becomes our proxy by default), the Chairman of the Meeting intends to vote undirected proxies in the manner set out with each resolution below, even when the Chairman of the Meeting has a conflict of interest.
For personal use only
Step 2 - Direct how your votes are to be cast
Resolution 1
DEVELOPMENT MANAGEMENT | FOR | AGAINST | ABSTAIN | PROXY'S DISCRETION | ||||
AGREEMENT | ||||||||
Resolution type: Ordinary | ||||||||
Board recommendation: Not provided | ||||||||
Chairman's voting intention: Abstain |
Step 3 - Sign this form
Shareholder 1 (individual) | Joint Shareholder 2 (individual) | Joint Shareholder 3 (individual) | ||
Sole Director & Sole Company Secretary | Director/Company Secretary (Delete one) | Director | ||
Date | ||||
Contact name | Mobile number | |||
By providing an email you agree to receive future communications electronically
SIGNING INSTRUCTIONS FOR THE PROXY FORM
Individual:
Where the holder is an individual, the securityholder must sign.
Joint holding:
Where the holding is in more than one name, all of the securityholders should sign.
Power of Attorney:
If you are executing the Proxy Form under a Power of Attorney and have not previously supplied a copy, please attach a certified copy of the Power of Attorney to the Proxy Form when you return it.
Companies:
When the holder is a company, and the company has a sole director who is also the sole company secretary, the Proxy Form must be signed by that person. If the company (pursuant to section 204A of the Corporations Act 2001) does not have a company secretary, a sole director can also sign alone. Otherwise the Proxy Form must be signed by a director jointly with either another director or a company secretary. Please sign in the appropriate place to indicate the office held and delete titles as applicable.
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Disclaimer
Raptis Group Limited published this content on 01 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 June 2022 06:41:03 UTC.