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FORTRESS REIT LIMITED - Results of combined general meeting of A ordinary shareholders and B ordinary shareholders

Release Date: 10/12/2019 13:08
 
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Results of combined general meeting of A ordinary shareholders and B ordinary shareholders

FORTRESS REIT LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2009/016487/06)
JSE share codes:   FFA ISIN: ZAE000248498
                   FFB ISIN: ZAE000248506
Bond company code: FORI
(Approved as a REIT by the JSE)
(“Fortress” or “the company”)


RESULTS OF COMBINED GENERAL MEETING OF A ORDINARY SHAREHOLDERS AND B ORDINARY SHAREHOLDERS


Shareholders are advised that at the combined general meeting of shareholders held on Friday,
6 December 2019 (in terms of the notice dispatched on 7 November 2019), all the resolutions tabled thereat
were passed by the requisite majority of Fortress shareholders.

Details of the results of voting at the general meeting were as follows:

-   total number of Fortress shares in issue as at the date of the general meeting: 2 281 448 132;
-   total number of Fortress shares that could have been voted at the general meeting (excluding Fortress B
    treasury shares of 62 163 124): 2 219 285 008;
-   total number of Fortress shares that could have been voted at the general meeting for ordinary resolution
    1 (excluding Fortress B treasury shares of 62 163 124 and 2 720 960 Fortress A shares and 2 720 960
    Fortress B shares awarded in terms of the Fortress REIT Long Term Incentive Plan): 2 213 843 088;
-   total number of Fortress shares that were present/represented at the general meeting: 1 566 327 655 being
    70.58% of the total number of Fortress shares that could have been voted at the general meeting.

Ordinary resolution number 1: Adoption of the rules of the Fortress REIT Limited 2019 Conditional Share
Plan

A ordinary shares voted#         For                       Against                   Abstentions^
907 737 851,                     861 708 859,              46 028 992,               53 494,
being 76.46%                     being 94.93%              being 5.07%               being 0.00%
B ordinary shares voted#         For                       Against                   Abstentions^
653 040 147,                     626 021 989,              27 018 158,               54 243,
being 63.61%                     being 95.86%              being 4.14%               being 0.01%
Total shares voted#              For                       Against                   Abstentions^
1 560 777 998,                   1 487 730 848,            73 047 150,               107 737,
being 70.50%                     being 95.32%              being 4.68%               being 0.00%

Special resolution : Authority to issue shares in terms of section 41(1) of the Companies Act in respect of
the Fortress REIT Limited 2019 Conditional Share Plan

A ordinary shares voted*         For                       Against                   Abstentions^
910 458 811,                     864 535 289,              45 923 522,               53 494,
being 76.51%                     being 94.96%              being 5.04%               being 0.00%
B ordinary shares voted*         For                       Against                   Abstentions^
655 773 497,                     628 722 609,              27 050 888,               41 853,
being 63.71%                     being 95.87%              being 4.13%               being 0.00%
Total shares voted*              For                       Against                   Abstentions^
1 566 232 308,                   1 493 257 898,            72 974 410,               95 347,
being 70.57%                     being 95.34%              being 4.66%               being 0.00%

Ordinary resolution number 2: General authority

A ordinary shares voted*         For                       Against                   Abstentions^
910 458 811,                     877 453 942,              33 004 869,               53 494,
being 76.51%                     being 96.37%              being 3.63%               being 0.00%
B ordinary shares voted*         For                       Against                   Abstentions^
655 773 497,                     628 722 609,              27 050 888,               41 853,
being 63.71%                     being 95.87%              being 4.13%               being 0.00%
Total shares voted*              For                       Against                   Abstentions^
1 566 232 308,                   1 506 176 551,            60 055 757,               95 347,
being 70.57%                     being 96.17%              being 3.83%               being 0.00%

# shares voted (excluding abstentions) in relation to the total shares in issue (excluding treasury shares and
shares awarded in terms of the Fortress REIT Long Term Incentive Plan)
* shares voted (excluding abstentions) in relation to the total shares in issue (excluding treasury shares)
^ in relation to total shares in issue (excluding treasury shares)

10 December 2019


Lead sponsor
Java Capital

Joint sponsor
Nedbank Corporate and Investment Banking

Date: 10-12-2019 01:08:00
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