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Results Of Annual General Meeting
GRIT REAL ESTATE INCOME GROUP LIMITED
(Registered by continuation in the Republic of Mauritius)
(Registration number: C128881 C1/GBL)
SEM share code: DEL.N0000
JSE share code: GTR
LSE share code: GR1T
ISIN: MU0473N00036
(“Grit” or “the Company”)
RESULTS OF ANNUAL GENERAL MEETING
Shareholders are hereby advised that at the annual general meeting of the Company held at 1.00 p.m. Mauritian time
(11:00 a.m. South African time and 9.00 a.m. United Kingdom time), Thursday, 29 November 2018 at 3rd Floor, La
Croisette Shopping Centre, Grand Baie, Mauritius (“AGM”), all of the resolutions were passed by the requisite majorities
of the Company’s shareholders.
Details of the results of the voting at the AGM are as follows:
Votes
against
resolution
Votes for as a
resolution as percentage
a percentage of total Number of
of total number of Number of shares voted at Number of shares
Resolutions number of shares shares AGM as a abstained as a
proposed at the shares voted voted at voted at percentage of percentage of
AGM at AGM AGM AGM shares in issue shares in issue
Ordinary resolution 99.63 Nil 252,265,063 82.33 0.37
number 1:
Consideration and
adoption of the
financial
statements,
receiving of the
auditors’
consideration of the
Integrated Report
Ordinary resolution 95.06 4.57 252,265,063 82.33 0.37
number 2.1:
Appointment of
Nchaupe Bright
Laaka as
permanent
alternate to
Nomzamo Radebe
Ordinary resolution 98.03 1.60 252,265,063 82.33 0.37
number 2.2.1:
Re-election of
Peter Mcallister
Todd as
Chairperson
Ordinary resolution 96.95 2.68 252,265,063 82.33 0.37
number 2.2.2:
Re-election of
Bronwyn Anne
Corbett as
executive director
Ordinary resolution 99.63 Nil 252,265,063 82.33 0.37
number 2.2.3:
Re-election of Leon
Paul van der
Moortele as
executive director
Ordinary resolution 95.35 4.28 252,265,063 82.33 0.37
number 2.2.4:
Re-election of Faith
Matshepo More as
non-executive
director
Ordinary resolution 98.03 1.60 252,265,063 82.33 0.37
number 2.2.5:
Re-election of
Nomzano Radebe
as non-executive
director
Ordinary resolution 99.63 Nil 252,265,063 82.33 0.37
number 2.2.6:
Re-election of
Cathrine Mcllraith
as independent
non-executive
director
Ordinary resolution 99.63 Nil 252,265,063 82.33 0.37
number 2.2.7:
Re-election of Ian
Donald Macleod as
independent non-
executive director
Ordinary resolution 99.63 Nil 252,265,063 82.33 0.37
number 3:
Appointment of
PWC Mauritius as
the sole statutory
auditors of the
Company and the
appointment of
PwC LLP for JSE
and LSE purposes
Ordinary resolution 97.77 1.86 252,265,063 82.33 0.37
number 4:
Approval of
remuneration of
non-executive
directors
Ordinary resolution 88.45 11.18 252,265,063 82.33 0.37
number 5:
Directos’ authority
to issue a
maximum of 100
million ordinary
shares
Ordinary resolution 99.63 Nil 252,265,063 82.33 0.37
number 6:
Authority of
directors
Ordinary resolution 58.93 40.41 251,532,257 82.09 0.66
number 7:
Non-binding
advisory vote on
Grit’s
Remuneration
policy
Ordinary resolution 58.76 40.58 251,532,257 82.09 0.66
number 8:
Non-binding
advisory vote on
Grit’s
implementation
report on the
remuneration policy
Special resolution 97.59 2.04 252,265,063 82.33 0.37
number 1:
General authority to
issue shares for
cash on a non-pre-
emptive basis
Special resolution 99.34 Nil 251,532,257 82.09 0.66
number 2:
Antecedent
Distributions
(Reduction in
Stated Capital)
Special resolution 95.33 4.30 252,265,063 82.33 0.37
number 3:
Share buy back
Special resolution 99.63 Nil 252,265,063 82.33 0.37
number 4:
Adoption of new
Constitution
Note:
Total number of shares in issue as at the date of the AGM was 306,396,035.
Shareholders are further advised that, as ordinary resolution number 7, relating to the non-binding advisory vote on the
remuneration policy of the Company and ordinary resolution number 8 relating to the non-binding advisory vote on the
implementation of the remuneration policy, were voted against by 25% or more of the votes exercised by the Company’s
shareholders present in person or represented by proxy at the AGM, an invitation will be extended to such dissenting
shareholders to engage with the Company. The manner and timing of such engagement has not as yet been finalised
and the Company will issue a further announcement shortly setting out such details.
29 November 2018
SEM Authorised Representative Sponsor - Perigeum Capital Ltd
JSE Sponsor and Corporate Adviser - PSG Capital
UK Financial Adviser - finnCap
Grit Real Estate Income Group Limited
Bronwyn Corbett, Chief Executive Officer +230 269 7090
Leon van de Moortele, Chief Financial Officer +230 269 7090
finnCap Ltd – UK Financial Adviser
William Marle / Scott Mathieson / Matthew Radley (Corporate Finance) +44 20 7220 5000
Mark Whitfeld (Sales) +44 20 3772 4697
Monica Tepes (Research) ,+44 20 3772 4698
Citigate Dewe Rogerson – Financial PR
Jos Bieneman / David Westover / Ellen Wilton +44 20 7638 9571
Perigeum Capital Ltd – SEM Authorised Representative and Sponsor
Shamin A. Sookia +230 402 0894
Kesaven Moothoosamy +230 402 0898
PSG Capital – JSE Sponsor and Corporate Adviser
David Tosi +27 21 887 9602
Directors: Peter Todd+ (Chairman), Bronwyn Corbett (Chief Executive Officer)*, Leon van de Moortele (Chief Financial
Officer)*, Ian Macleod+, Matshepo More, Nomzamo Radebe and Catherine McIlraith+
(* executive director) (+ independent non-executive director)
Company secretary: Intercontinental Fund Services Limited
Registered address: Level 5, Alexander House, 35 Cybercity, Ebène 72201, Mauritius
Transfer secretary (South Africa): Computershare Investor Services Proprietary Limited
Registrar and transfer agent (Mauritius): Intercontinental Secretarial Services Limited
JSE sponsor: PSG Capital Proprietary Limited
Sponsoring Broker: Axys Stockbroking Ltd
SEM authorised representative and sponsor: Perigeum Capital Ltd
This notice is issued pursuant to the LSE Listing Rules, JSE Listings Requirements, SEM Listing Rules 11.3 and 11.16
and the Mauritian Securities Act 2005. The Board of the Company accepts full responsibility for the accuracy of the
information contained in this communiqué.
Date: 29/11/2018 02:30:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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