Wrap Text
Results of annual general meeting
FAIRVEST LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2007/032604/06)
JSE share code: FTA ISIN: ZAE000304788
JSE share code: FTB ISIN: ZAE000304796
(Granted REIT status with the JSE)
("Fairvest" or the "Company")
RESULTS OF ANNUAL GENERAL MEETING
Shareholders are advised that at the annual general meeting of Fairvest shareholders held on Tuesday, 5 March 2024 (in terms
of the notice of annual general meeting dispatched to shareholders on Tuesday, 30 January 2024), all the resolutions tabled
thereat were passed by the requisite majority of Fairvest shareholders, with the exception of ordinary resolution 7 in respect
of the authority to sell treasury shares.
Details of the results of voting at the annual general meeting are as follows:
- total number of Fairvest shares in issue as at the date of the annual general meeting: 1 561 680 422;
- total number of Fairvest A shares that could have been voted at the annual general meeting: 62 718 658;
- total number of Fairvest B shares that could have been voted at the annual general meeting (excluding 65 830 868 treasury
shares): 1 433 130 896;
- total number of Fairvest A shares that were present/represented at the annual general meeting: 45 214 835, being 72.09%
of the total number of Fairvest A shares that could have voted at the annual general meeting.
- total number of Fairvest B shares that were present/represented at the annual general meeting: 1 106 076 861, being
77.18% of the total number of Fairvest B shares that could have voted at the annual general meeting.
Ordinary resolution 1.1: Election of F Futwa as Director
A shares voted* For Against Abstentions^
45 197 085, being 72.06% 45 197 085, being 100% - 17 750, being 0.03%
B shares voted* For Against Abstentions^
1 094 638 961, being 76.38% 1 094 638 961, being 100% - 11 437 900, being 0.80%
Total shares voted* For Against Abstentions^
1 139 836 046, being 76.20% 1 139 836 046, being 100% - 11 455 650, being 0.77%
Ordinary resolution 1.2: Election of M Buya as Director
A shares voted* For Against Abstentions^
45 197 085, being 72.06% 45 197 085, being 100% - 17 750, being 0.03%
B shares voted* For Against Abstentions^
1 094 638 961, being 76.38% 1 094 621 690, being 100% 17 271, being 0.00% 11 437 900, being 0.80%
Total shares voted* For Against Abstentions^
1 139 836 046, being 76.20% 1 139 818 775, being 100% 17 271, being 0.00% 11 455 650, being 0.77%
Ordinary resolution 2.1: Re-election of K Nkuna as Director
A shares voted* For Against Abstentions^
44 057 123, being 70.25% 42 737 038, being 97.00% 1 320 085, being 3.00% 1 157 712, being 1.85%
B shares voted* For Against Abstentions^
1 081 685 867, being 75.48% 904 753 273, being 83.64% 176 932 594, being 16.36% 24 390 994, being 1.70%
Total shares voted* For Against Abstentions^
1 125 742 990, being 75.26% 947 490 311, being 84.17% 178 252 679, being 15.83% 25 548 706, being 1.71%
Ordinary resolution 2.2: Re-election of J Wiese as Director
A shares voted* For Against Abstentions^
45 197 085 being 72.06% 45 197 085, being 100% - 17 750, being 0.03%
B shares voted* For Against Abstentions^
1 094 714 284, being 76.39% 1 094 714 284, being100% - 11 362 577, being 0.79%
Total shares voted* For Against Abstentions^
1 139 911 369, being 76.20% 1 139 911 369, being 100% - 11 380 327, being 0.76%
Ordinary resolution 2.3: Re-election of J Kriel as Director
A shares voted* For Against Abstentions^
45 197 085, being 72.06% 45 197 085, being 100% - 17 750, being 0.03%
B shares voted* For Against Abstentions^
1 081 893 895, being 75.49% 1 081 893 895, being 100% - 11 362 577, being 0.79%
Total shares voted* For Against Abstentions^
1 127 090 980, being 75.35% 1 127 090 980, being 100% - 11 380 327, being 0.76%
Ordinary resolution 3.1: Reappointment of members of the Audit and Risk Committee – N Shange
A shares voted* For Against Abstentions^
45 197 085, being 72.06% 45 197 085, being 100% - 17 750, being 0.03%
B shares voted* For Against Abstentions^
1 094 714 284, being 76.39% 1 094 714 284, being 100% - 11 362 577, being 0.79%
Total shares voted* For Against Abstentions^
1 139 911 369, being 76.20% 1 139 911 369, being 100% - 11 380 327, being 0.76%
Ordinary resolution 3.2: Reappointment of members of the Audit and Risk Committee – K Nkuna
A shares voted* For Against Abstentions^
44 057 123, being 70.25% 44 057 123, being 100% - 1 157 712, being 1.85%
B shares voted* For Against Abstentions^
1 081 685 867, being 75.48% 1 027 397 129, being 94.98% 54 288 738, being 5.02% 24 390 994, being 1.70%
Total shares voted* For Against Abstentions^
1 125 742 990, being 75.26% 1 071 454 252, being 95.18% 54 288 738, being 4.82% 25 548 706, being 1.71%
Ordinary resolution 3.3: Reappointment of members of the Audit and Risk Committee – J Wiese
A shares voted* For Against Abstentions^
45 197 085, being 72.06% 21 876 472, being 48.40% 23 320 613, being 51.60% 17 750, being 0.03%
B shares voted* For Against Abstentions^
1 094 714 284, being 76.39% 1 093 015 238, being 99.84% 1 699 046, being 0.16% 11 362 577, being 0.79%
Total shares voted* For Against Abstentions^
1 139 911 369, being 76.20% 1 114 891 710, being 97.81% 25 019 659, being 2.19% 11 380 327, being 0.76%
Ordinary resolution 3.4: Reappointment of members of the Audit and Risk Committee – F Futwa
A shares voted* For Against Abstentions^
45 197 085, being 72.06% 45 197 085, being 100% - 17 750, being 0.03%
B shares voted* For Against Abstentions^
1 094 714 284, being 76.39% 1 094 714 284, being 100% - 11 362 577, being 0.79%
Total shares voted* For Against Abstentions^
1 139 911 369, being 76.20% 1 139 911 369, being 100% - 11 380 327, being 0.76%
Ordinary resolution 4: Appointment of Mazars as auditors
A shares voted* For Against Abstentions^
45 197 085, being 72.06% 39 647 220, being 87.72% 5 549 865, being 12.28% 17 750, being 0.03%
B shares voted* For Against Abstentions^
1 094 714 284, being 76.39% 918 087 242, being 83.87% 176 627 042, being 16.13% 11 362 577, being 0.79%
Total shares voted* For Against Abstentions^
1 139 911 369, being 76.20% 957 734 462, being 84.02% 182 176 907, being 15.98% 11 380 327, being 0.76%
Ordinary resolution 5: General authority to issue shares for cash
A shares voted* For Against Abstentions^
45 197 085, being 72.06% 45 131 087, being 99.85% 65 998, being 0.15% 17 750, being 0.03%
B shares voted* For Against Abstentions^
1 094 638 961, being 76.38% 1 071 439 740, being 97.88% 23 199 221, being 2.12% 11 437 900, being 0.80%
Total shares voted* For Against Abstentions^
1 139 836 046, being 76.20% 1 116 570 827, being 97.96% 23 265 219, being 2.04% 11 455 650, being 0.77%
Ordinary resolution 6.1: Non-binding advisory vote on Remuneration Policy
A shares voted* For Against Abstentions^
45 197 085, being 72.06% 7 601 972, being 16.82% 37 595 113, being 83.18% 17 750, being 0.03%
B shares voted* For Against Abstentions^
1 094 638 961, being 76.38% 882 541 127, being 80.62% 212 097 834, being 19.38% 11 437 900, being 0.80%
Total shares voted* For Against Abstentions^
1 139 836 046, being 76.20% 890 143 099, being 78.09% 249 692 947, being 21.91% 11 455 650, being 0.77%
Ordinary resolution 6.2: Non-binding advisory vote on the Remuneration Implementation Report
A shares voted* For Against Abstentions^
45 197 085, being 72.06% 11 225 726, being 24.84% 33 971 359, being 75.16% 17 750, being 0.03%
B shares voted* For Against Abstentions^
1 094 638 961, being 76.38% 957 408 463, being 87.46% 137 230 498, being 12.54% 11 437 900, being 0.80%
Total shares voted* For Against Abstentions^
1 139 836 046, being 76.20% 968 634 189, being 84.98% 171 201 857, being 15.02% 11 455 650, being 0.77%
Ordinary resolution 7: Authority to sell Treasury Shares
A shares voted* For Against Abstentions^
45 197 085, being 72.06% 43 877 000, being 97.08% 1 320 085, being 2.92% 17 750, being 0.03%
B shares voted* For Against Abstentions^
1 094 638 961, being 76.38% 733 970 714, being 67.05% 360 668 247, being 32.95% 11 437 900, being 0.80%
Total shares voted* For Against Abstentions^
1 139 836 046, being 76.20% 777 847 714, being 68.24% 361 988 332, being 31.76% 11 455 650, being 0.77%
Ordinary resolution 8: Specific authority to issue shares pursuant to a reinvestment option
A shares voted* For Against Abstentions^
45 197 085, being 72.06% 45 197 085, being 100% - 17 750, being 0.03%
B shares voted* For Against Abstentions^
1 094 638 961, being 76.38% 1 081 458 886, being 98.80% 13 180 075, being 1.20% 11 437 900, being 0.80%
Total shares voted* For Against Abstentions^
1 139 836 046, being 76.20% 1 126 655 971, being 98.84% 13 180 075, being 1.16% 11 455 650, being 0.77%
Special resolution 1: Share repurchases
A shares voted* For Against Abstentions^
45 197 085, being 72.06% 41 691 587, being 92.24% 3 505 498, being 7.76% 17 750, being 0.03%
B shares voted* For Against Abstentions^
1 094 714 284, being 76.39% 988 229 361, being 90.27% 106 484 923, being 9.73% 11 362 577, being 0.79%
Total shares voted* For Against Abstentions^
1 139 911 369, being 76.20% 1 029 920 948, being 90.35% 109 990 421, being 9.65% 11 380 327, being 0.76%
Special resolution 2: Financial assistance in terms of Section 45 of the Companies Act
A shares voted* For Against Abstentions^
45 197 085, being 72.06% 45 197 085, being 100% - 17 750, being 0.03%
B shares voted* For Against Abstentions^
1 094 638 961, being 76.38% 1 085 311 045, being 99.15% 9 327 916, being 0.85% 11 437 900, being 0.80%
Total shares voted* For Against Abstentions^
1 139 836 046, being 76.20% 1 130 508 130, being 99.18% 9 327 916, being 0.82% 11 455 650, being 0.77%
Special resolution 3.1: Approval of fees payable to Non-Executive Directors – Chairman of the Board
A shares voted* For Against Abstentions^
45 097 072, being 71.90% 45 097 072, being 100% - 117 763, being 0.19%
B shares voted* For Against Abstentions^
1 094 714 284, being 76.39% 1 053 030 932, being 96.19% 41 683 352, being 3.81% 11 362 577, being 0.79%
Total shares voted* For Against Abstentions
1 139 811 356, being 76.20% 1 098 128 004, being 96.34% 41 683 352, being 3.66% 11 480 340, being 0.77%
Special resolution 3.2: Approval of fees payable to Non-Executive Directors – Non-Executive Director
A shares voted* For Against Abstentions^
45 097 072, being 71.90% 45 097 072, being 100% - 117 763, being 0.19%
B shares voted* For Against Abstentions^
1 094 714 284, being 76.39% 1 049 714 719, being 95.89% 44 999 565, being 4.11% 11 362 577, being 0.79%
Total shares voted* For Against Abstentions^
1 139 811 356, being 76.20% 1 094 811 791, being 96.05% 44 999 565, being 3.95% 11 480 340, being 0.77%
Special resolution 3.3: Approval of fees payable to Non-Executive Directors – Chairman of the Audit and Risk Committee
A shares voted* For Against Abstentions^
45 097 072, being 71.90% 45 097 072, being 100% - 117 763, being 0.19%
B shares voted* For Against Abstentions^
1 094 714 284, being 76.39% 1 053 030 932, being 96.19% 41 683 352, being 3.81% 11 362 577, being 0.79%
Total shares voted* For Against Abstentions^
1 139 811 356, being 76.20% 1 098 128 004, being 96.34% 41 683 352, being 3.66% 11 480 340, being 0.77%
Special resolution 3.4: Approval of fees payable to Non-Executive Directors – Member of the Audit and Risk Committee
A shares voted* For Against Abstentions^
45 097 072, being 71.90% 45 097 072, being 100% - 117 763, being 0.19%
B shares voted* For Against Abstentions^
1 094 714 284, being 76.39% 1 053 030 932, being 96.19% 41 683 352, being 3.81% 11 362 577, being 0.79%
Total shares voted* For Against Abstentions^
1 139 811 356, being 76.20% 1 098 128 004, being 96.34% 41 683 352, being 3.66% 11 480 340, being 0.77%
Special resolution 3.5: Approval of fees payable to Non-Executive Directors – Chairman of the Remuneration Committee
A shares voted* For Against Abstentions^
45 097 072, being 71.90% 45 097 072, being 100% - 117 763, being 0.19%
B shares voted* For Against Abstentions^
1 094 714 284, being 76.39% 1 053 030 932, being 96.19% 41 683 352, being 3.81% 11 362 577, being 0.79%
Total shares voted* For Against Abstentions^
1 139 811 356, being 76.20% 1 098 128 004, being 96.34% 41 683 352, being 3.66% 11 480 340, being 0.77%
Special resolution 3.6: Approval of fees payable to Non-Executive Directors – Member of the Remuneration Committee
A shares voted* For Against Abstentions^
45 097 072, being 71.90% 45 097 072, being 100% - 117 763, being 0.19%
B shares voted* For Against Abstentions^
1 094 714 284, being 76.39% 1 053 030 932, being 96.19% 41 683 352, being 3.81% 11 362 577, being 0.79%
Total shares voted* For Against Abstentions^
1 139 811 356, being 76.20% 1 098 128 004, being 96.34% 41 683 352, being 3.66% 11 480 340, being 0.77%
Special resolution 3.7: Approval of fees payable to Non-Executive Directors – Chairman of the Investment Committee
A shares voted* For Against Abstentions^
45 097 072, being 71.90% 45 097 072, being 100% - 117 763, being 0.19%
B shares voted* For Against Abstentions^
1 094 714 284, being 76.39% 1 053 030 932, being 96.19% 41 683 352, being 3.81% 11 362 577, being 0.79%
Total shares voted* For Against Abstentions^
1 139 811 356, being 76.20% 1 098 128 004, being 96.34% 41 683 352, being 3.66% 11 480 340, being 0.77%
Special resolution 3.8: Approval of fees payable to Non-Executive Directors – Member of the Investment Committee
A shares voted* For Against Abstentions^
45 097 072, being 71.90% 45 097 072, being 100% - 117 763, being 0.19%
B shares voted* For Against Abstentions^
1 094 714 284, being 76.39% 1 053 030 932, being 96.19% 41 683 352, being 3.81% 11 362 577, being 0.79%
Total shares voted* For Against Abstentions^
1 139 811 356, being 76.20% 1 098 128 004, being 96.34% 41 683 352, being 3.66% 11 480 340, being 0.77%
Special resolution 3.9: Approval of fees payable to Non-Executive Directors – Chairman of the Social and Ethics
Committee
A shares voted* For Against Abstentions^
45 097 072, being 71.90% 45 097 072, being 100% - 117 763, being 0.19%
B shares voted* For Against Abstentions^
1 094 714 284, being 76.39% 1 053 030 932, being 96.19% 41 683 352, being 3.81% 11 362 577, being 0.79%
Total shares voted* For Against Abstentions^
1 139 811 356, being 76.20% 1 098 128 004, being 96.34% 41 683 352, being 3.66% 11 480 340, being 0.77%
Special resolution 3.10: Approval of fees payable to Non-Executive Directors – Member of the Social and Ethics
Committee
A shares voted* For Against Abstentions^
45 097 072, being 71.90% 45 097 072, being 100% - 117 763, being 0.19%
B shares voted* For Against Abstentions^
1 094 714 284, being 76.39% 1 053 030 932, being 96.19% 41 683 352, being 3.81% 11 362 577, being 0.79%
Total shares voted* For Against Abstentions^
1 139 811 356, being 76.20% 1 098 128 004, being 96.34% 41 683 352, being 3.66% 11 480 340, being 0.77%
Special resolution 3.11: Approval of fees payable to Non-Executive Directors – Chairman of the Nomination Committee
A shares voted* For Against Abstentions^
45 097 072, being 71.90% 45 097 072, being 100% - 117 763, being 0.19%
B shares voted* For Against Abstentions^
1 094 714 284, being 76.39% 1 053 030 932, being 96.19% 41 683 352, being 3.81% 11 362 577, being 0.79%
Total shares voted* For Against Abstentions^
1 139 811 356, being 76.20% 1 098 128 004, being 96.34% 41 683 352, being 3.66% 11 480 340, being 0.77%
Special resolution 3.12: Approval of fees payable to Non-Executive Directors – Member of the Nomination Committee
A shares voted* For Against Abstentions^
45 097 072, being 71.90% 45 097 072, being 100% - 117 763, being 0.19%
B shares voted* For Against Abstentions^
1 094 714 284, being 76.39% 1 053 030 932, being 96.19% 41 683 352, being 3.81% 11 362 577, being 0.79%
Total shares voted* For Against Abstentions^
1 139 811 356, being 76.20% 1 098 128 004, being 96.34% 41 683 352, being 3.66% 11 480 340, being 0.77%
Special resolution 4: Financial assistance for the subscription and/or purchase of shares in the Company or a related or
inter-related company
A shares voted* For Against Abstentions^
45 197 085, being 72.06% 42 422 629, being 93.86% 2 774 456, being 6.14% 17 750, being 0.03%
B shares voted* For Against Abstentions^
1 094 638 961, being 76.38% 852 871 259, being 77.91% 241 767 702, being 22.09% 11 437 900, being 0.80%
Total shares voted* For Against Abstentions^
1 139 836 046, being 76.20% 895 293 888, being 78.55% 244 542 158, being 21.45% 11 455 650, being 0.77%
* shares voted (excluding abstentions and treasury shares) in relation to total shares in issue
^ in relation to total shares in issue
5 March 2024
Sponsor
Java Capital
Date: 05-03-2024 05:30:00
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