To view the PDF file, sign up for a MySharenet subscription.

REINET INVESTMENTS S.C.A - Reinet annual general meeting of shareholders approves full agenda

Release Date: 27/08/2019 15:39
Code(s): RNI     PDF:  
Wrap Text
Reinet annual general meeting of shareholders approves full agenda

Reinet Investments S.C.A. 
(Incorporated in Luxembourg)
ISIN: LU0383812293
Code: RNI

COMPANY ANNOUNCEMENT FOR IMMEDIATE RELEASE


REINET ANNUAL GENERAL MEETING OF SHAREHOLDERS APPROVES FULL AGENDA


At the annual general meeting of Reinet Investments S.C.A. (the 'Company') held earlier today in Luxembourg, a total of 136 739 068 ordinary shares (69.79%) out of a total of 195 941 286 ordinary shares issued and all the 1 000 management shares were present or represented by proxy. 

The total votes cast represent 72.88% of the total voting rights at the record date (13 August 2019) of 187 622 865, being total shares in issue less treasury shares, voting rights attached to which are suspended.

The shareholders approved all of the matters tabled at the annual general meeting. Specifically, the statutory financial statements and the consolidated financial statements of the Company for the accounting year ended 31 March 2019 were approved and the General Partner and all members of the Board of Overseers who have been in office during the period were granted discharge of liability for the performance of their duties.

A cash dividend of EUR 0.19 per share was approved and will be payable on 4 September 2019. The remaining available retained earnings of the Company, after payment of the dividend, are to be carried forward to the next business year.

Shareholders also re-elected Mr John Li, Mr Yves Prussen, Mr Stuart Robertson and Mr Stuart Rowlands to serve as members of the Board of Overseers for the year ending at the next annual general meeting. A remuneration of EUR 50 000 per annum for each of the members of the Board of Overseers was approved, such fees to be split equally between the Company and Reinet Fund S.C.A., F.I.S.

Shareholders further authorised the Company to acquire ordinary shares, directly or indirectly (through subsidiaries or otherwise, such as through an intermediary or agent) for a period up to the date of the next annual general meeting, subject to such period being no longer than 13 months from the date of this authorisation; such authorisation was granted for the acquisition of up to 20% of the Company's issued ordinary share capital at the date of authorisation, for valuable consideration, by all means, on any one or combination of the Luxembourg Stock Exchange, Euronext Amsterdam or the Johannesburg Stock Exchange, at a price no more than an amount equal to 110% of the reference price of the ordinary shares on the relevant exchange and not less than one euro cent; the reference price being the weighted average price for the market value for such ordinary shares for the five days of trading immediately prior to the acquisition of such shares. The General Partner will at all times retain full discretion with regards to the acquisition such shares of the Company.

Reinet Investments Manager S.A.
for and on behalf of Reinet Investments S.C.A.


Sponsor
Rand Merchant Bank (A division of FirstRand Bank Limited)


27 AUGUST 2019


Website: www.reinet/investor-relations/company-announcements.html

Reinet Investments S.C.A. (the 'Company') is a partnership limited by shares incorporated in the Grand Duchy of Luxembourg and having its registered office at 35, boulevard Prince Henri, L-1724 Luxembourg. It is governed by the Luxembourg law on Securitisation and in this capacity allows its shareholders to participate indirectly in the portfolio of assets held by its wholly-owned subsidiary Reinet Fund S.C.A., F.I.S. ('the Fund'), a specialised investment fund also incorporated in Luxembourg. The Company's ordinary shares are listed on the Luxembourg Stock Exchange, Euronext Amsterdam and the Johannesburg Stock Exchange, the listing on the Johannesburg Stock Exchange is a secondary listing. The Company's ordinary shares are included in the 'LuxX' index of the principal shares traded on the Luxembourg Stock Exchange. The Company and the Fund together with the Fund's subsidiaries are referred to as 'Reinet'.

Reinet Investments S.C.A.
R.C.S. Luxembourg B 16.576
Registered office: 35, boulevard Prince Henri, L-1724 Luxembourg, Tel. (+352) 22 42 10   Fax (+352) 22 72 53
Email: info@reinet.com  website: www.reinet.com 




Date: 27/08/2019 03:39:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.

Share This Story