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Results of the Annual General Meeting
SPEAR REIT LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2015/407237/06)
Share Code: SEA
ISIN: ZAE000228995
LEI: 378900F76170CCB33C50
Approved as a REIT by the JSE
(“Spear” or “the Company”)
RESULTS OF THE ANNUAL GENERAL MEETING
Shareholders are hereby advised that at the annual general meeting of the Company held at
11:00 a.m. today, Thursday, 30 June 2022 at Spear REIT Limited Head Office, 16th Floor,
2 Long Street, Cape Town (“AGM”), all of the resolutions were passed by the requisite
majorities of the Company’s shareholders.
Details of the results of the voting at the AGM are as follows:
Resolutions Votes for Votes Number of Number of Number of
proposed at the resolution against shares shares shares
AGM as a resolution voted at voted at abstained
percentage as a AGM AGM as a as a
of total percentage percentage percentage
number of of total of shares in of shares in
shares number of issue* issue*
voted at shares
AGM voted at
AGM
Ordinary resolution 98.50% 1.50% 191,747,878 78.31% 1.30%
number 1:
Retirement and re-
election of Mr. A
Varachhia as
director
Ordinary resolution 99.97% 0.03% 191,747,878 78.31% 1.30%
number 2:
Retirement and re-
election of Mr. N
Kjellstrom-Matseke
as director
Ordinary resolution 99.97% 0.03% 191,747,878 78.31% 1.30%
number 3:
Retirement and re-
election of Dr. RL
Phillips as director
Ordinary resolution 99.97% 0.03% 191,747,878 78.31% 1.30%
number 4:
To re-appoint Mr.
JE Allie as member
of the audit and risk
committee
Ordinary resolution 99.97% 0.03% 191,747,878 78.31% 1.30%
number 5:
To re-appoint Mr.
BL Goldberg as
member of the
audit and risk
committee
Ordinary resolution 100% 0.00% 191,747,878 78.31% 1.30%
number 6:
To re-appoint Mr. N
Kjellström-Matseke
as member of the
audit and risk
committee
Ordinary resolution 99.40% 0.60% 191,747,878 78.31% 1.30%
number 7:
To re-appoint BDO
South Africa
Incorporated as the
auditor of the
company
Ordinary resolution 94.52% 5.48% 191,747,878 78.31% 1.30%
number 8:
Non-binding
advisory vote on
Spear’s
remuneration policy
Ordinary resolution 94.52% 5.48% 191,747,878 78.31% 1.30%
number 9:
Non-binding
advisory vote on
Spear’s
implementation
report on the
remuneration policy
Ordinary resolution 94.80% 5.20% 191,747,878 78.31% 1.30%
number 10:
General authority to
issue ordinary
shares for cash
Special resolution 79.24% 20.76% 191,747,878 78.31% 1.30%
number 1:
Remuneration of
non-executive
directors
Special resolution 99.92% 0.08% 191,747,878 78.31% 1.30%
number 2:
Inter-company
financial assistance
Special resolution 99.92% 0.08% 191,747,878 78.31% 1.30%
number 3:
Financial
assistance for
acquisition of
shares in the
company or a
related or inter-
related company
Special resolution 97.03% 2.97% 191,747,878 78.31% 1.30%
number 4:
Share repurchases
by Spear and its
subsidiaries
Note:
*Total number of shares in issue as at the date of the AGM was 244 846 390 of which
12 130 073 were treasury shares.
Cape Town
30 June 2022
Sponsor
PSG Capital
Date: 30-06-2022 02:30:00
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