SA Corporate Real Estate Limited Incorporated in the Republic of South Africa Share Code: SAC ISIN Code: ZAE000203238 (Registration number 2015/015578/06) (Approved as a REIT by the JSE)
("SA Corporate" or "the Company")
RESULTS OF ANNUAL GENERAL MEETING AND RETIREMENT OF NON-EXECUTIVE DIRECTOR
Results of Annual General Meeting
Shareholders are advised that the voting results for the annual general meeting ("AGM") of SA Corporate held on Monday, 6 June 2022 were as follows:
Resolution | Number of | Percentage | For** | Against** | Abstained |
shares voted | of shares in | *** | |||
issue* | |||||
Ordinary resolution number 1: | |||||
Re-election of Mr MA Moloto as an | |||||
independent non-executive director of the | |||||
Company | 2 166 462 362 | 86,15% | 100,00% | 0,00% | 0,09% |
Ordinary resolution number 2: | |||||
Re-election of Ms EM Hendricks as an | |||||
independent non-executive director of the | |||||
Company | 2 166 462 362 | 86,15% | 100,00% | 0,00% | 0,09% |
Ordinary resolution number 3: | |||||
Election of Mr SY Moodley as an executive | |||||
director of the Company | 2 166 462 362 | 86,15% | 100,00% | 0,00% | 0,09% |
Ordinary resolution number 4.1: | |||||
Election of Ms N Ford-Hoon (Fok) as a | |||||
member of the Audit and Risk Committee | 2 166 462 362 | 86,15% | 100,00% | 0,00% | 0,09% |
Ordinary resolution number 4.2: | |||||
Election of Mr GJ Heron as a member of the | |||||
Audit and Risk Committee | 2 166 462 362 | 86,15% | 100,00% | 0,00% | 0,09% |
Ordinary resolution number 4.3: | |||||
Election of Ms SS Mafoyane as a member of | |||||
the Audit and Risk Committee | 2 166 462 362 | 86,15% | 98,48% | 1,52% | 0,09% |
Ordinary resolution number 5: | |||||
Re-appointment of PWC as independent | |||||
external auditor | 2 166 462 362 | 86,15% | 100,00% | 0,00% | 0,09% |
Ordinary resolution number 6: | |||||
Non-binding advisory vote - Endorsement of | |||||
remuneration policy of the Company | 2 166 466 995 | 86,15% | 94,36% | 5,64% | 0,09% |
Ordinary resolution number 7: | |||||
Non-binding advisory vote - Endorsement of | |||||
the implementation of the remuneration | |||||
policy of the Company | 2 166 466 995 | 86,15% | 98,39% | 1,61% | 0,09% |
Ordinary resolution number 8: | |||||
Placing the unissued authorised ordinary | |||||
shares of the Company under the control of | |||||
the directors | 2 166 462 362 | 86,15% | 89,97% | 10,03% | 0,09% |
Ordinary resolution number 9: | |||||
Specific authority to issue shares to afford | |||||
shareholders distribution reinvestment | |||||
alternatives | 2 166 462 362 | 86,15% | 88,58% | 11,42% | 0,09% |
Ordinary resolution number 10: | 2 166 462 362 | 86,15% | 93,82% | 6,18% | 0,09% |
Resolution | Number of | Percentage | For** | Against** | Abstained |
shares voted | of shares in | *** | |||
issue* | |||||
General but restricted authority to issue | |||||
shares for cash | |||||
Ordinary resolution number 11: | |||||
Authorisation of directors and/or company | |||||
secretary | 2 166 462 362 | 86,15% | 99,99% | 0,01% | 0,09% |
Special resolution number 1: | |||||
Authorisation to provide financial assistance | |||||
in terms of sections 44 and 45 of the | |||||
Companies Act | 2 166 462 362 | 86,15% | 87,31% | 12,69% | 0,09% |
Special resolution number 2: | |||||
Approval of non-executive directors' fees | 2 166 466 995 | 86,15% | 99,99% | 0,01% | 0,09% |
Special resolution number 3: | |||||
Authority to issue shares to directors who | |||||
elect to reinvest their distributions under | |||||
the reinvestment option | 2 166 462 362 | 86,15% | 99,90% | 0,10% | 0,09% |
Special resolution number 4: | |||||
General authority to repurchase shares | 2 166 490 684 | 86,15% | 99,92% | 0,08% | 0,08% |
- Based on 2 514 732 095 shares in issue at the date of the AGM.
- In relation to the total number of shares voted at the AGM.
- In relation to the total number of shares in issue at the date of the AGM.
Based on the above voting results, all resolutions were passed by the requisite majority of SA Corporate shareholders present in person or represented by proxy at the AGM.
Retirement of Non-executive Director
In compliance with paragraph 3.59 of the JSE Limited Listings Requirements, shareholders of SA Corporate are advised that Mr RJ Biesman-Simons retired from the Board of Directors ("the Board") after the Company's AGM held earlier today. The Board records its sincere gratitude to Mr Biesman-Simons for his significant contribution to the deliberations of the Board and Board committees over the years, and for his dedication and commitment to the Company. The Board and management wish him well in his future endeavours.
Cape Town
6 June 2022
Sponsor
Nedbank Corporate and Investment Banking, a division of Nedbank Limited
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SA Corporate Real Estate Limited published this content on 06 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 06 June 2022 14:11:04 UTC.