DELTA PROPERTY FUND LIMITED - Results of annual general meeting

Results of annual general meeting

Delta Property Fund Limited
(Incorporated in the Republic of South Africa)
(Registration number 2002/005129/06)
Share code: DLT ISIN: ZAE000194049
(“Delta” or the “Company”)
REIT status approved

RESULTS OF ANNUAL GENERAL MEETING

Delta shareholders are advised that the voting results for the annual general meeting of Delta (“AGM”) held
at the registered offices of the Company on 18 September 2019 were as follows:

 Resolution                             Number of   Percentage of       For**       Against**   Abstained***
                                     shares voted       shares in           %               %              %
                                       at the AGM          issue*
                                                                %
 Ordinary resolution number 1         581 797 160         81.4580     96.5844          3.4156         0.2563
 To confirm appointment of
 Marelise de Lange as an
 independent non-executive
 director
 Ordinary resolution number 2         581 801 606         81.4586     96.5462          3.4538         0.2557
 To re-elect Nombuso Afolayan as
 an independent non-executive
 director
 Ordinary resolution number 3         581 801 606         81.4586     99.9216          0.0784         0.2557
 To re-elect JJ Njeke as an
 independent non-executive
 director
 Ordinary resolution number 4         581 797 160         81.4580     96.5838          3.4162         0.2563
 To reappoint BDO South Africa Inc.
 as independent auditors to the
 Company
 Ordinary resolution number 5         581 801 606         81.4586     99.9261          0.0739         0.2557
 To re-elect JJ Njeke as a member
 and Chairman of the Company’s
 Audit, Risk and Compliance
 Committee for the year ended 29
 February 2020
 Ordinary resolution number 6         581 801 606         81.4586     96.5830          3.4170         0.2557
 To re-elect Ian Macleod as a
 member of the Company’s Audit,
 Risk and Compliance Committee
 for the year ended 29 February
 2020
 Ordinary resolution number 7         581 801 606         81.4586     96.5462          3.4538         0.2557
 To re-elect Nombuso Afolayan as a
 member of the Company’s Audit,
 Risk and Compliance Committee
 for the year ended 29 February
 2020
 Ordinary resolution number 8         581 801 606         81.4586     96.5830          3.4170         0.2557
 To re-elect Marelise de Lange as a
 member of the Company’s Audit,
 Risk and Compliance Committee
 for the year ended 29 February
 2020
 Ordinary resolution number 9           581 797 160       81.4580     76.5291         23.4709         0.2563
 Non-binding advisory vote to
 approve the remuneration policy
 Ordinary resolution number 10          581 797 160       81.4580     84.8654         15.1346         0.2563
 Non-binding advisory vote on
 implementation of the
 remuneration policy
 Ordinary resolution number 11          583 306 606       81.6693     59.7737         40.2263         0.0450
 To authorise the directors of the
 Company to issue shares for cash,
 as and when they in their
 discretion deem fit
 Ordinary resolution number 12          583 271 606       81.6644     73.9694         26.0306         0.0499
 To authorise the issue of shares to
 shareholders who wish to reinvest
 their cash distributions    
 Ordinary resolution number 13          581 797 160       81.4580     96.5469          3.4531         0.2563
 To authorise any one director or
 the Company Secretary to action all
 ordinary and special resolutions
 Special resolution number 1            581 832 160       81.4629     93.9653          6.0347         0.2514
 To approve the non-executive
 directors’ remuneration for their
 services as directors
 Special resolution number 2            581 832 160       81.4629     95.6772          4.3228         0.2514
 To grant a general authority to
 repurchase issued shares
 Special resolution number 3            581 832 160       81.4629     77.1774         22.8226         0.2514
 To approve the granting of financial
 assistance in terms of section 44 of
 the Companies Act
 Special resolution number 4            581 832 160       81.4629     85.1448         14.8552         0.2514
 To approve the granting of financial
 assistance in terms of section 45 of
 the Companies Act
 Special resolution number 5            583 302 160       81.6687     73.9656         26.0344         0.0456
 To grant the authority to issue
 shares to directors who elect to
 reinvest their distributions under
 the Reinvestment Option

*       Based on 714 229 718 shares in issue at the date of the AGM.
**      In relation to the total number of shares voted at the AGM (which excludes abstentions).
***     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 Delta
shareholders present in person or represented by proxy at the AGM, except for Ordinary resolution number
11 and Special resolution number 5.

Johannesburg
19 September 2019

Sponsor
Nedbank Corporate and Investment Banking

Date: 19/09/2019 04:08:00
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