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GEMGROW PROPERTIES LIMITED - Results of annual general meeting

Release Date: 06/02/2019 08:56
Code(s): GPA GPB     PDF:  
 
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Results of annual general meeting

GEMGROW PROPERTIES LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2007/032604/06)
JSE share code: GPA ISIN: ZAE0000223269
JSE share code: GPB ISIN: ZAE0000223277
(Granted REIT status with the JSE)
("Gemgrow" or "the company")


RESULTS OF ANNUAL GENERAL MEETING


Shareholders are advised that at the annual general meeting of A and B shareholders of Gemgrow ("shareholders")
held on Tuesday, 5 February 2019 (in terms of the notice of annual general meeting dispatched to shareholders on
Friday, 14 December 2018), all of the resolutions tabled thereat were passed by the requisite majority of 
shareholders.

Details of the results of voting at the annual general meeting are as follows:

-   total number of Gemgrow shares that could have been voted at the annual general meeting: 470 903 619; and
-   total number of Gemgrow shares that were present/represented at the annual general meeting: 443 021 836, 
    being 94.08% of the total number of Gemgrow shares that could have been voted at the annual general meeting.

Ordinary resolution 1.1: Re-election of A Basserabie as a director

Shares voted*                  For                            Against                     Abstentions^
442 973 586, being 94.07%      442 971 036, being 99.99%      2 550, being 0.01%          48 250, being 0.01%

Ordinary resolution 1.2: Re-election of J Limalia as a director

Shares voted*                  For                            Against                     Abstentions^
442 973 586, being 94.07%      442 971 036, being 99.99%      2 550, being 0.01%          48 250, being 0.01%

Ordinary resolution 1.3: Re-election of A Kirkel as a director

Shares voted*                  For                            Against                     Abstentions^
442 973 586, being 94.07%      442 971 036, being 99.99%      2 550, being 0.01%          48 250, being 0.01%

Ordinary resolution 2.1: Re-appointment of C Abrams as a member and chairman of the audit and risk committee

Shares voted*                  For                            Against                     Abstentions^
442 973 586, being 94.07%      442 971 036, being 99.99%      2 550, being 0.01%          48 250, being 0.01%

Ordinary resolution 2.2: Re-appointment of A Rehman as a member of the audit and risk committee

Shares voted*                  For                            Against                     Abstentions^
442 973 586, being 94.07%      442 971 036, being 99.99%      2 550, being 0.01%          48 250, being 0.01%

Ordinary resolution 2.3: Re-appointment of A Basserabie as a member of the audit and risk committee

Shares voted*                  For                            Against                     Abstentions^
442 973 586, being 94.07%      442 971 036, being 99.99%      2 550, being 0.01%          48 250, being 0.01%

Ordinary resolution 3: Resignation of auditors and appointment of new auditors

Shares voted*                  For                            Against                     Abstentions^
442 973 586, being 94.07%      442 971 036, being 99.99%      2 550, being 0.01%          48 250, being 0.01%

Ordinary resolution 4: General authority to issue shares for cash

Shares voted*                  For                            Against                     Abstentions^
442 973 586, being 94.07%      399 815 808, being 90.26%      43 157 778, being 9.74%     48 250, being 0.01%

Ordinary resolution 5.1: Non-binding advisory vote on remuneration policy

Shares voted*                  For                            Against                     Abstentions^
442 973 586, being 94.07%      407 645 138, being 92.02%      35 328 448, being 7.98%     48 250, being 0.01%

Ordinary resolution 5.2: Non-binding advisory vote on remuneration implementation report

Shares voted*                  For                            Against                     Abstentions^
442 973 586, being 94.07%      407 645 138, being 92.02%      35 328 448, being 7.98%     48 250, being 0.01%

Ordinary resolution 6: Specific authority to issue shares pursuant to a reinvestment option

Shares voted*                  For                            Against                     Abstentions^
442 973 586, being 94.07%      439 332 462, being 99.18%      3 641 124, being 0.82%      48 250, being 0.01%

Ordinary resolution 7: Adoption of the Gemgrow Conditional Share Plan

Shares voted*                  For                            Against                     Abstentions^
442 973 586, being 94.07%      442 971 036, being 99.99%      2 550, being 0.01%          48 250, being 0.01%

Ordinary resolution 8: Signature of documentation

Shares voted*                  For                            Against                     Abstentions^
442 973 586, being 94.07%      442 971 036, being 99.99%      2 550, being 0.01%          48 250, being 0.01%

Special resolution 1: Share repurchases

Shares voted*                  For                            Against                     Abstentions^
442 973 586, being 94.07%      434 490 828, being 98.09%      8 482 758, being 1.91%      48 250, being 0.01%

Special resolution 2: Approval of financial assistance under the Gemgrow Conditional Share Plan

Shares voted*                  For                            Against                     Abstentions^
442 973 586, being 94.07%      442 971 036, being 99.99%      2 550, being 0.01%          48 250, being 0.01%

Special resolution 3: Financial assistance in terms of section 45 of the Companies Act

Shares voted*                  For                            Against                     Abstentions^
442 973 586, being 94.07%      439 332 462, being 99.18%      3 641 124, being 0.82%      48 250, being 0.01%

Special resolution 4.1: Approval of fee payable to chairperson of the board

Shares voted*                  For                            Against                     Abstentions^
442 973 586, being 94.07%      442 971 036, being 99.99%      2 550, being 0.01%          48 250, being 0.01%

Special resolution 4.2: Approval of fee payable to non-executive directors

Shares voted*                  For                            Against                     Abstentions^
442 973 586, being 94.07%      442 971 036, being 99.99%      2 550, being 0.01%          48 250, being 0.01%

Special resolution 4.3: Approval of fee payable to members of the audit and risk committee

Shares voted*                  For                            Against                     Abstentions^
442 973 586, being 94.07%      442 971 036, being 99.99%      2 550, being 0.01%          48 250, being 0.01%

Special resolution 4.4: Approval of fee payable to members of remuneration and nominations committee

Shares voted*                  For                            Against                     Abstentions^
442 973 586, being 94.07%      442 971 036, being 99.99%      2 550, being 0.01%          48 250, being 0.01%

Special resolution 4.5: Approval of fee payable to members of the investment committee

Shares voted*                  For                            Against                     Abstentions^
442 973 586, being 94.07%      442 971 036, being 99.99%      2 550, being 0.01%          48 250, being 0.01%

Special resolution 5: Approval of issue of shares under the Gemgrow Conditional Share Plan

Shares voted*                  For                            Against                     Abstentions^
442 973 586, being 94.07%      439 332 462, being 99.18%      3 641 124, being 0.82%      48 250, being 0.01%
* shares voted (excluding abstentions) in relation to total shares in issue
^ in relation to total shares in issue

6 February 2019


Sponsor
Java Capital

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