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SA CORPORATE REAL ESTATE LIMITED - Results of annual general meeting

Release Date: 30/05/2019 13:15
Code(s): SAC     PDF:  
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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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