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TRANSCEND RESIDENTIAL PROPERTY FUND LIMITED - Results of Annual General Meeting

Release Date: 31/05/2019 11:15
Code(s): TPF     PDF:  
 
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Results of Annual General Meeting

TRANSCEND RESIDENTIAL PROPERTY FUND LIMITED
(Incorporated in the Republic of South Africa)
Registration number 2016/277183/06
JSE Code: TPF ISIN: ZAE000227765
(Approved as a REIT by the JSE)
(“Transcend” or “the Company”)


Results of Annual General Meeting


Transcend shareholders are advised that, at the Annual General Meeting of the Company (“AGM”) held on
Thursday, 30 May 2019, in terms of the notice of AGM distributed on Tuesday, 30 April 2019, save for
special resolution number 4 which was withdrawn prior to the AGM, all the ordinary and special
resolutions, including the non-binding advisory votes proposed thereat, were approved by the requisite
majority of votes as set out below.

As at Friday, 24 May 2019, being the AGM Record Date (“Voting Record Date”), the total number of
Transcend shares in issue was 130 894 793. The total number of Transcend shares that were
present/represented at the AGM was 123 641 828 being 94% of the total number of Transcend shares.

The voting results are as follows:

Ordinary resolution number 1.1: Election of M Dickens as an independent non-executive director
                                     Total Shares Voted                              Shares
                                                                                     abstained
                                                                     (1)
 For (%)             Against (%)        Number                   (%)                 (%)(1)
 100%(2)             0.00%(2)           123 641 828              94.46%              0.00%

Ordinary resolution number 1.2: Election of G Jennett as an independent non-executive director
                                     Total Shares Voted                               Shares
                                                                                      abstained
 For (%)             Against (%)        Number                    (%)(1)              (%)(1)
 100%(2)             0.00%(2)           123 641 828               94.46%              0.00%

Ordinary resolution number 1.3: Election of V Perfect as an executive director
                                     Total Shares Voted                               Shares
                                                                                      abstained
 For (%)              Against (%)       Number                    (%)(1)              (%)(1)
 100%(2)              0.00%(2)          123 641 828               94.46%              0.00%

Ordinary resolution number 1.4: Re-election of R Emslie as an independent non-executive director
                                    Total Shares Voted                                Shares
                                                                                      abstained
                                                                      (1)
 For (%)             Against (%)        Number                    (%)                 (%)(1)
 100%(2)             0.00%(2)           123 641 828               94.46%              0.00%
Ordinary resolution number 2.1: Election of MS Aitken as a member and the chairman of the Audit and
Risk Committee
                                    Total Shares Voted                            Shares
                                                                                  abstained
                                                                  (1)
 For (%)            Against (%)        Number                 (%)                 (%)(1)
 100%(2)            0.00%(2)           123 641 828            94.46%              0.00%

Ordinary resolution number 2.2: Election of FN Khanyile as a member of the Audit and Risk Committee
                                     Total Shares Voted                               Shares
                                                                                      abstained
 For (%)             Against (%)        Number                  (%)(1)                (%)(1)
 100%(2)             0.00%(2)           123 641 828             94.46%                0.00%

Ordinary resolution number 2.3: Election of M Dickens as a member of the Audit and Risk Committee
                                     Total Shares Voted                               Shares
                                                                                      abstained
 For (%)             Against (%)        Number                 (%)(1)                 (%)(1)
 100%(2)             0.00%(2)           123 641 828            94.46%                 0.00%

Ordinary resolution number 2.4: Election of RR Emslie as a member of the Audit and Risk Committee
                                     Total Shares Voted                               Shares
                                                                                      abstained
                                                                    (1)
 For (%)             Against (%)        Number                  (%)                   (%)(1)
 97.37%              2.63%              123 641 828             94.46%                0.00%

Ordinary resolution number 3: Appointment of independent external auditors
                                   Total Shares Voted                                 Shares
                                                                                      abstained
 For (%)            Against (%)         Number                   (%)(1)               (%)(1)
 100%(2)            0.00%(2)            123 641 828              94.46%               0.00%

Ordinary resolution number 4: General authority to issue shares for cash
                                   Total Shares Voted                                 Shares
                                                                                      abstained
 For (%)            Against (%)         Number                   (%)(1)               (%)(1)
 97.37%             2.63%               123 641 828              94.46%               0.00%

Ordinary resolution number 5: Authority to implement resolutions
                                   Total Shares Voted                                 Shares
                                                                                      abstained
 For (%)            Against (%)         Number                   (%)(1)               (%)(1)
 100%(2)            0.00%(2)            123 641 828              94.46%               0.00%

Ordinary resolution number 6: Authority to issue shares pursuant to a reinvestment option
                                   Total Shares Voted                                  Shares
                                                                                       abstained
 For (%)             Against (%)       Number                    (%)(1)                (%)(1)
 100%(2)             0.00%(2)          123 641 828               94.46%                0.00%
Non-binding resolution number 1: Endorsement of remuneration policy
                                   Total Shares Voted                                     Shares
                                                                                          abstained
 For (%)             Against (%)         Number                     (%)(1)                (%)(1)
 97.37%              2.63%               123 641 828                94.46%                0.00%

Non-binding resolution number 2: Endorsement of remuneration implementation report
                                   Total Shares Voted                            Shares
                                                                                 abstained
 For (%)            Against (%)       Number                  (%)(1)             (%)(1)
 100%(2)            0.00%(2)          123 641 828             94.46%             0.00%

Special resolution number 1: Approval of the non-executive directors’ remuneration
                                    Total Shares Voted                                    Shares
                                                                                          abstained
 For (%)             Against (%)         Number                     (%)(1)                (%)(1)
 100%(2)             0.00%(2)            123 641 828                94.46%                0.00%

Special resolution number 2: Authority to provide financial assistance to related or inter-related entities
                                     Total Shares Voted                                   Shares
                                                                                          abstained
 For (%)             Against (%)        Number                     (%)(1)                 (%)(1)
 100%(2)             0.00%(2)           123 641 828                94.46%                 0.00%

Special resolution number 3: Approval to issue shares in terms of section 41(1) of the Companies Act
                                    Total Shares Voted                                   Shares
                                                                                         abstained
 For (%)             Against (%)        Number                     (%)(1)                (%)(1)
 100%(2)             0.00%(2)           123 641 828                94.46%                0.00%

Special resolution number 4: General authority to repurchase shares
                                     Total Shares Voted                                   Shares
                                                                                          abstained
 For (%)             Against (%)         Number                     (%)(1)                (%)(1)
 Withdrawn

Special resolution number 5: Authority to the Company to acquire the Company’s shares from a director
or prescribed officer
                                    Total Shares Voted                              Shares
                                                                                    abstained
                                                                    (1)
 For (%)              Against (%)       Number                  (%)                 (%)(1)
 100%(2)              0.00%(2)          123 641 828             94.46%              0.00%

(1) Expressed as a percentage of 130 894 793 Transcend shares as at the Voting Record Date of Friday,
    24 May 2019.
(2) 1 100 votable shares voted against these resolutions and therefore shareholders are advised that the
    respective percentages have been rounded.

Bryanston
31 May 2019

Designated Advisor
Questco Corporate Advisory Proprietary Limited

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