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FORTRESS REIT LIMITED - Feedback on further engagement with shareholders on remuneration policy and remuneration implementation report

Release Date: 22/05/2019 16:55
Code(s): FFB FFA FIFB08 FIFB10 FIFB09 FIFB12 FIFB15 FIFB11 FIFB14     PDF:  
Wrap Text
Feedback on further engagement with shareholders on remuneration policy and remuneration implementation report

FORTRESS REIT LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2009/016487/06)
JSE share codes:   FFA     ISIN: ZAE000248498
                   FFB     ISIN: ZAE000248506
Bond company code: FORI
(Approved as a REIT by the JSE)
(“Fortress” or “the Company”)


FEEDBACK ON FURTHER ENGAGEMENT WITH SHAREHOLDERS ON THE COMPANY’S REMUNERATION POLICY AND REMUNERATION 
IMPLEMENTATION REPORT

Shareholders are referred to (1) the SENS announcement published on 30 November 2018 advising that the
non-binding advisory votes on the approval of the 2019 remuneration policy and 2018 remuneration
implementation report were at an approval level which required Fortress to engage pro-actively with
shareholders about their concerns on the policy and/or implementation report, and (2) the subsequent SENS
announcement published on 13 February 2019, advising shareholders of the Remuneration Committee’s
decision to dispense with the planned teleconference and rather to allow shareholders a further opportunity to
provide feedback on the policy and/or report in writing by 22 February 2019.

Following this second round of engagement, resulting in further submissions being made by shareholders on
the remuneration policy and implementation report, the Remuneration Committee has thoroughly considered
all representations received from shareholders and has consolidated all the feedback. The Remuneration
Committee’s responses to shareholders’ concerns and suggestions are contained in a summarised report which
has been published on the Company’s website https://cmsignition.co.za/download/files_1184/Reportonpro-
activeengagementwithshareholderson2018remunerationimplementationreportand2019remunerationpolicy.pdf

Although this second round of written submissions thus concludes the Company’s official pro-active
engagement process in respect of the non-binding advisory votes on its 2019 remuneration policy and 2018
remuneration implementation report, should shareholders have any further concerns regarding the policy
and/or the report, they are invited to engage with the Company at any time via the Company Secretary,
Tamlyn Stevens, or the Chairman of the Remuneration Committee, Tshiamo Matlapeng-Vilakazi.

22 May 2019


Lead sponsor
Java Capital

Joint sponsor
Nedbank Corporate and Investment Banking

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