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SPEAR REIT LIMITED - Results of the Annual General Meeting

Release Date: 30/06/2022 14:30
Code(s): SEA     PDF:  
Wrap Text
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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