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TOWER PROPERTY FUND LIMITED - Results of annual general meeting

Release Date: 09/10/2019 16:40
Code(s): TWR     PDF:  
 
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Results of annual general meeting

TOWER PROPERTY FUND LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2012/066457/06)
JSE share code: TWR ISIN: ZAE000179040
(Approved as a REIT by the JSE)
(“Tower” or “the company”)


RESULTS OF ANNUAL GENERAL MEETING


Shareholders are advised that at the annual general meeting of shareholders held on Wednesday, 9 October 2019 (in
terms of the notice dispatched on 9 September 2019) all the resolutions tabled thereat were passed by the requisite
majority of shareholders.

Details of the results of voting at the annual general meeting are as follows:

    -   total number of Tower shares in issue as at the date of the annual general meeting: 339 549 647
    -   total number of Tower shares that were present/represented at the annual general meeting: 260 430 041 being
        76.70% of the total number of Tower shares that could have been voted at the annual general meeting.

   Ordinary resolution 1: Adoption of the annual financial statements

   Shares voted*                   For                            Against                   Abstentions^
   258 070 030, being 76.00%       258 070 030, being 100%        -                         2 360 011, being 0.70%

   Ordinary resolution 2: Re-appointment of auditors

   Shares voted*                   For                            Against                   Abstentions^
   258 070 030, being 76.00%       258 070 030, being 100%        -                         2 360 011, being 0.70%

   Ordinary resolution 3: Re-election of Ms N Milne

   Shares voted*                   For                            Against                   Abstentions^
   258 070 030, being 76.00%       258 070 030, being 100%        -                         2 360 011, being 0.70%

   Ordinary resolution 4: Re-election of Mr A Magwentshu

   Shares voted*                   For                            Against                   Abstentions^
   258 070 030, being 76.00%       258 070 030, being 100%        -                         2 360 011, being 0.70%

   Ordinary resolution 5.1: Re-election of Mr J Bester as chairman and member of the audit and risk committee

   Shares voted*                  For                             Against                   Abstentions^
   258 070 030, being 76.00%      258 070 030, being 100%         -                         2 360 011, being 0.70%

   Ordinary resolution 5.2: Re-election of Ms N Milne as member of the audit and risk committee

   Shares voted*                  For                             Against                   Abstentions^
   258 070 030, being 76.00%      258 070 030, being 100%         -                         2 360 011, being 0.70%

   Ordinary resolution 5.3: Re-election of Mr R Naidoo as member of the audit and risk committee

   Shares voted*                  For                             Against                   Abstentions^
   258 070 030, being 76.00%      256 994 900, being 99.58%       1 075 130, being 0.42%    2 360 011, being 0.70%

   Ordinary resolution 6: Control over unissued shares

   Shares voted*                   For                            Against                   Abstentions^
   258 075 422, being 76.01%       233 774 933, being 90.58%      24 300 489, being 9.42%   2 354 619, being 0.69%

   Ordinary resolution 7: General authority to issue ordinary shares for cash

   Shares voted*                   For                            Against                   Abstentions^
   258 075 422, being 76.01%       233 748 623, being 90.57%      24 326 799, being 9.43%   2 354 619, being 0.69%

   Ordinary resolution 8: Specific authority to issue shares pursuant to a re-investment option

   Shares voted*                   For                            Against                   Abstentions^
   258 075 422, being 76.01%       230 664 304, being 89.38%      27 411 118, being 10.62%  2 354 619, being 0.69%
                                                                
   Ordinary resolution 9: Control over unissued ordinary shares in respect of the Tower Property Fund Incentive
   Scheme

   Shares voted*                   For                            Against                   Abstentions^
   258 075 422, being 76.01%       229 368 366, being 88.88%      28 707 056,being 11.12%   2 354 619, being 0.69%
                                                                
   Ordinary resolution 10: Implementation of resolutions

   Shares voted*                   For                            Against                   Abstentions^
   258 070 030, being 76.00%       258 070 030, being 100%         -                        2 360 011, being 0.70%

   Special resolution 1: Approval of non-executive directors’ remuneration

   Shares voted*                   For                            Against                   Abstentions^
   258 070 030, being 76.00%       258 068 930, being 100%        1 100, being 0.00%        2 360 011, being 0.70%

   Special resolution 2: General authority to repurchase shares

   Shares voted*                   For                            Against                   Abstentions^
   258 075 422, being 76.01%       258 075 422, being 100%        -                         2 354 619, being 0.69%

   Special resolution 3: Financial assistance for the subscription of securities

   Shares voted*                   For                            Against                   Abstentions^
   258 070 030, being 76.00%       258 070 030, being 100%        -                         2 360 011, being 0.70%

   Special resolution 4: Financial assistance to related and inter-related parties

   Shares voted*                   For                            Against                   Abstentions^
   258 070 030, being 76.00%       258 070 030, being 100%        -                         2 360 011, being 0.70%

   Non-binding resolution 1: Non-binding advisory vote in respect of the Tower’s remuneration policy

   Shares voted*                   For                            Against                   Abstentions^
   257 957 419, being 75.97%       257 736 611, being 99.91%      220 808, being 0.09%      2 472 622, being 0.73%
 
   Non-binding resolution 2: Non-binding advisory vote in respect of the Tower’s remuneration implementation report

   Shares voted*                   For                           Against                    Abstentions^
   258 070 030, being 76.00%       257 849 222, being 99.91%     220 808, being 0.09%       2 360 011, being 0.70%

* shares voted in relation to total shares in issue (excluding abstentions)
^ shares voted in relation to total shares is issue (excluding treasury shares)

9 October 2019

Sponsor
Java Capital

Date: 09/10/2019 04:40:00
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