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Results of annual general meeting
SA Corporate Real Estate Limited
Incorporated in the Republic of South Africa
Share Code: SAC ISIN Code: ZAE000203238
(Registration number 2015/015578/06)
(“SA Corporate” or the “Company”)
REIT status approved
RESULTS OF ANNUAL GENERAL MEETING
Shareholders are advised that the voting results for the annual general meeting (“AGM”) of SA Corporate held at the
registered offices of the Company on Tuesday, 28 May 2019 were as follows:
Resolution Number of Percentage For** Against** Abstained
shares voted of shares in % % ***
issue* %
%
Ordinary resolution number 1:
To receive, consider and adopt the Annual 2 195 809 476 86,77% 100,00% 0,00% 0.08%
Financial Statements for the year ended 31
December 2018
Ordinary resolution number 2:
To elect Ms U Fikelepi as non-executive 2 187 456 931 86,44% 84,56% 15,44% 0.41%
director
Ordinary resolution number 3:
To re-elect the following non-executive
directors:
3.1 Mr ES Seedat 2 187 456 931 86,44% 66,07% 33,93% 0.41%
3.2 Mr J Molobela 2 187 456 931 86,44% 55,21% 44,79% 0.41%
Ordinary resolution number 4:
To re-elect the following audit committee
members:
4.1 Mr RJ Biesman-Simons 2 196 159 012 86,78% 100,00% 0,00% 0.06%
4.2 Mr ES Seedat 2 187 456 931 86,44% 66,04% 33,96% 0.41%
4.3 Ms A Chowan 2 196 159 012 86,78% 99,18% 0,82% 0.06%
Ordinary resolution number 5:
Reappointment of Deloitte & Touche as 2 196 157 012 86,78% 64,26% 35,74% 0.07%
auditors
Ordinary resolution number 6:
Approval on an advisory, non-binding basis, 2 188 153 120 86,46% 75,40% 24,60% 0.38%
of the remuneration policy
Ordinary resolution number 7:
Approval on an advisory, non-binding basis, 2 188 164 120 86,47% 78,50% 21,50% 0.38%
of the implementation report
Ordinary resolution number 8:
Placing 10% of the unissued shares under 2 196 148 012 86,78% 35,77% 64,23% 0.07%
the control of the directors
Ordinary resolution number 9:
Specific authority to issue shares pursuant 2 196 159 012 86,78% 99,32% 0,68% 0.06%
to a distribution reinvestment option
Ordinary resolution number 10: 2 196 159 012 86,78% 67,47% 32,53% 0.06%
General, but restricted authority to issue
shares for cash
Special resolution number 1:
Fees payable to non-executive directors:
1.1 Board – Chair 2 196 011 082 86,78% 75,66% 24,34% 0.07%
1.2 Board – Member 2 196 011 082 86,78% 76,69% 23,31% 0.07%
1.3 Audit Committee – Chair 2 196 011 082 86,78% 76,69% 23,31% 0.07%
1.4 Audit Committee – Member 2 196 011 082 86,78% 76,33% 23,67% 0.07%
1.5 Risk & Compliance Committee – Chair 2 196 011 082 86,78% 76,69% 23,31% 0.07%
1.6 Risk & Compliance Committee – 2 196 011 082 86,78% 76,69% 23,31% 0.07%
Member
1.7 Nomination Committee – Chair 2 196 011 082 86,78% 76,33% 23.67% 0.07%
1.8 Nomination Committee – Member 2 196 011 082 86,78% 76,33% 23.67% 0.07%
1.9 Remuneration Committee – Chair 2 196 011 082 86,78% 76,33% 23.67% 0.07%
1.10 Remuneration Committee – Member 2 196 011 082 86,78% 76,33% 23.67% 0.07%
1.11 Investment Committee – Chair 2 196 011 082 86,78% 76,69% 23.31% 0.07%
1.12 Investment Committee – Member 2 196 012 582 86,78% 76,33% 23.67% 0.07%
1.13 Social, Ethics & Environmental 2 196 012 582 86,78% 76,69% 23.31% 0.07%
Committee – Chair
1.14 Social, Ethics & Environmental 2 196 012 582 86,78% 76,33% 23.67% 0.07%
Committee – Member
Special resolution number 2:
Financial assistance in terms of sections 44 2 196 159 012 86,78% 94,83% 5.17% 0.06%
and 45 of the Companies Act
Special resolution number 3: 2 196 159 012 86,78% 100,00% 0.00% 0.06%
Financial assistance to related and inter-
related parties
Special resolution number 4:
Specific authority to issue shares to 2 187 453 431 86,44% 99,32% 0.68% 0.41%
directors pursuant to a distribution
reinvestment option
Special resolution number 5: 2 196 159 134 86,78% 94,51% 5.49% 0.06%
General authority to repurchase shares
* Based on 2 530 689 337 shares in issue at the date of the AGM.
** In relation to the total number of shares voted at the AGM.
*** In relation to the total number of shares in issue at the date of the AGM.
Based on the above voting results, save for ordinary resolution number 8 (placing 10% of the unissued shares under the
control of the directors) and ordinary resolution number 10 (general, but restricted authority to issue shares for cash
which requires a 75% majority in terms of JSE Limited Listings Requirements), the resolutions were passed by the
requisite majority of SA Corporate shareholders present in person or represented by proxy at the AGM.
Cape Town
30 May 2019
Sponsor
Nedbank Corporate and Investment Banking
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