TEXTON PROPERTY FUND LIMITED - Results of Annual General Meeting

Results of Annual General Meeting

TEXTON PROPERTY FUND LIMITED
Granted REIT status by the JSE
Incorporated in the Republic of South Africa
(Registration number 2005/019302/06)
Share code: TEX       ISIN: ZAE000190542
(“Texton” or “the Company”)


RESULTS OF ANNUAL GENERAL MEETING


Texton shareholders are advised that at the Annual General Meeting of Texton held on 27 November 2018,
all the resolutions as set out in the notice of Annual General Meeting were passed by the requisite majority of
shareholders, save for “ordinary resolution number 5: Re-election of Mr MJ van Heerden as a Non-executive
Director” and “ordinary resolution number 8: Election of Mr MH Muller as a member of the Audit and Risk
Committee”, which were withdrawn prior to the Annual General Meeting, and “ordinary resolution number 4:
Re-election of Mr P Ntshalintshali as a Non-executive Director”, “ordinary resolution number 11: General
authority to place unissued shares under the control of directors” and “ordinary resolution number 12: General
authority to issue shares for cash.

The number of shares voted in person or by proxy was 268 693 745, representing 71% of the total issued
share capital of Texton.

The resolutions proposed at the meeting together with the percentage of votes carried for and against each
resolution, as well as the percentage of shares abstained, are set out below:

                                                                  % of votes       % of votes       % of shares
                                                              carried for the     against the        abstained
 Resolution                                                       resolution       resolution

Ordinary resolution 1: Confirmation of appointment and
election of Mr MH Muller as a Non-executive Director                 77.12            22.88             0.48

Ordinary resolution 2: Confirmation of appointment and
election of Mr M Golding as a Non-executive Director                 76.97            23.03             0.48

Ordinary resolution 3: Confirmation of appointment and
election of Mr A Hannington as a Non-executive Director              97.15             2.85             0.48

Ordinary resolution 4: Re-election of Mr P Ntshalintshali
as a Non-executive Director                                          28.23            71.77             0.48

Ordinary resolution 6: Re-election of Mr JR Macey as a
Non-executive Director                                               94.71             5.29             0.48

Ordinary resolution 7: Re-election of Mr JR Macey as a
member and Chairman of the Audit and Risk Committee                  87.38            12.62             0.48

Ordinary resolution 9: Election of Mr A Hannington as a
member of the Audit and Risk Committee                               97.15             2.85             0.48

Ordinary resolution 10: Reappointment of auditors                    96.89             3.11             0.48

Ordinary resolution 11: General authority to place
unissued shares under the control of directors                       42.42            57.58             0.53

Ordinary resolution 12: General authority to issue
shares for cash                                                      42.39            57.61             0.48

Ordinary resolution 13.1: Non-binding advisory vote -
Approval of remuneration policy                                      59.00            41.00             0.57

Ordinary resolution 13.2: Non-binding advisory vote -
Approval of remuneration implementation report                       71.29            28.71             0.57

Ordinary resolution 14: Implementation of resolutions                99.98             0.02             0.90

Special resolution 1: Non-executive Directors’
remuneration                                                         96.94             3.06             0.56

Special resolution 2: Authority to repurchase ordinary
securities                                                           99.97             0.03             0.86

Special resolution 3: Financial assistance to related and
inter-related parties                                                85.28            14.72             0.56


Texton extends an invitation to those shareholders who voted against the non-binding advisory votes of
ordinary resolutions 13.1 and 13.2, relating to the approval of remuneration policy and approval of
remuneration implementation report, to engage with Texton in writing. Please send all comments and
feedback to the Financial Director, Ms Inge Pick at inge@texton.co.za, by close of business on
31 December 2018.



Johannesburg
27 November 2018

Sponsor
Merchantec Capital

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