REG - Grit Real Estate Inc - Grit - Result of Annual General Meeting

NufarmAnnouncement

29/11/2018 13:45

RNS Number : 9347I
Grit Real Estate Income Group
29 November 2018
 






GRIT REAL ESTATE INCOME GROUP LIMITED
(Registered by continuation in the Republic of Mauritius)
(Registration number: C128881 C1/GBL)
SEM share code: DEL.N0000
JSE share code: GTR
LSE share code: GR1T
ISIN: MU0473N00036
("Grit" or "the Company")


                                   





 

 

RESULTS OF ANNUAL GENERAL MEETING
 



Shareholders are hereby advised that at the annual general meeting of the Company held at 1.00 p.m. Mauritian time (11:00 a.m. South African time and 9.00 a.m. United Kingdom time), Thursday, 29 November 2018 at 3rd Floor, La Croisette Shopping Centre, Grand Baie, Mauritius ("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 proposed at the AGM


Votes for resolution as a percentage of total number of shares voted at AGM


Votes against resolution as a percentage of total number of shares voted at AGM


Number of shares voted at AGM


Number of shares voted at AGM as a percentage of shares in issue


Number of shares abstained as a percentage of shares in issue




Ordinary resolution number 1:
Consideration and adoption of the financial statements, receiving of the auditors' consideration of the Integrated Report


99.63


Nil


252,265,063
 


82.33


0.37




Ordinary resolution number 2.1:
Appointment of Nchaupe Bright Laaka as permanent alternate to Nomzamo Radebe


95.06


4.57


252,265,063
 


82.33


0.37




Ordinary resolution number 2.2.1:
Re-election of Peter Mcallister Todd as Chairperson


98.03


1.60


252,265,063
 


82.33


0.37




Ordinary resolution number 2.2.2:
Re-election of Bronwyn Anne Corbett as executive director


96.95


2.68


252,265,063
 


82.33


0.37




Ordinary resolution number 2.2.3:
Re-election of Leon Paul van der Moortele as executive director


99.63


Nil


252,265,063
 


82.33


0.37




Ordinary resolution number 2.2.4:
Re-election of Faith Matshepo More as non-executive director


95.35


4.28


252,265,063
 


82.33


0.37




Ordinary resolution number 2.2.5:
Re-election of Nomzano Radebe as non-executive director


98.03


1.60


252,265,063
 


82.33


0.37




Ordinary resolution number 2.2.6:
Re-election of Cathrine Mcllraith as independent non-executive director


99.63


Nil


252,265,063
 


82.33


0.37




Ordinary resolution number 2.2.7:
Re-election of Ian Donald Macleod as independent non-executive director


99.63


Nil


252,265,063
 


82.33


0.37




Ordinary resolution number 3:
Appointment of PWC Mauritius as the sole statutory auditors of the Company and the appointment of PwC LLP for JSE and LSE purposes


99.63


Nil


252,265,063
 


82.33


0.37




Ordinary resolution number 4:
Approval of remuneration of non-executive directors


97.77


1.86


252,265,063
 


82.33


0.37




Ordinary resolution number 5:
Directos' authority to issue a maximum of 100 million ordinary shares


88.45


11.18


252,265,063
 


82.33


0.37




Ordinary resolution number 6:
Authority of directors


99.63


Nil


252,265,063
 


82.33


0.37




Ordinary resolution number 7:
Non-binding advisory vote on Grit's Remuneration policy


58.93


40.41


251,532,257


82.09


0.66




Ordinary resolution number 8:
Non-binding advisory vote on Grit's implementation report on the remuneration policy


58.76


40.58


251,532,257


82.09


0.66




Special resolution number 1:
General authority to issue shares for cash on a non-pre-emptive basis


97.59


2.04


252,265,063
 


82.33


0.37




Special resolution number 2:
Antecedent Distributions (Reduction in Stated Capital)


99.34


Nil


251,532,257


82.09


0.66




Special resolution number 3:
Share buy back


95.33


4.30


252,265,063
 


82.33


0.37




Special resolution number 4:
Adoption of new Constitution


99.63


Nil


252,265,063
 


82.33


0.37




 
Note:
Total number of shares in issue as at the date of the AGM was 306,396,035.
 
Shareholders are further advised that, as ordinary resolution number 7, relating to the non-binding advisory vote on the remuneration policy of the Company and ordinary resolution number 8 relating to the non-binding advisory vote on the implementation of the remuneration policy, were voted against by 25% or more of the votes exercised by the Company's shareholders present in person or represented by proxy at the AGM, an invitation will be extended to such dissenting shareholders to engage with the Company. The manner and timing of such engagement has not as yet been finalised and the Company will issue a further announcement shortly setting out such details.
 
29 November 2018
 
 




SEM Authorised Representative and Sponsor


JSE Sponsor and Corporate Adviser


UK Financial Adviser




Perigeum Capital


PSG Capital


finnCap




 




Grit Real Estate Income Group Limited

 



Bronwyn Corbett, Chief Executive Officer


+230 269 7090




Leon van de Moortele, Chief Financial Officer


+230 269 7090




 


 




finnCap Ltd – UK Financial Adviser


 




William Marle / Scott Mathieson / Matthew Radley (Corporate Finance)


+44 20 7220 5000




Mark Whitfeld (Sales)


+44 20 3772 4697




Monica Tepes (Research)


,+44 20 3772 4698






Citigate Dewe Rogerson – Financial PR


 




Jos Bieneman / David Westover / Ellen Wilton


+44 20 7638 9571




 


 




Perigeum Capital Ltd – SEM Authorised Representative and Sponsor


 




Shamin A. Sookia


+230 402 0894




Kesaven Moothoosamy


+230 402 0898




 


 




PSG Capital – JSE Sponsor and Corporate Adviser


 




David Tosi


+27 21 887 9602




 
Directors:  Peter Todd+ (Chairman), Bronwyn Corbett (Chief Executive Officer)*, Leon van de Moortele (Chief Financial Officer)*, Ian Macleod+, Matshepo More, Nomzamo Radebe and Catherine McIlraith+
(* executive director) (+ independent non-executive director)
Company secretary: Intercontinental Fund Services Limited
Registered address: Level 5, Alexander House, 35 Cybercity, Ebène 72201, Mauritius
Transfer secretary (South Africa): Computershare Investor Services Proprietary Limited
Registrar and transfer agent (Mauritius): Intercontinental Secretarial Services Limited
JSE sponsor: PSG Capital Proprietary Limited 
Sponsoring Broker: Axys Stockbroking Ltd
SEM authorised representative and sponsor: Perigeum Capital Ltd
 
This notice is issued pursuant to the LSE Listing Rules, JSE Listings Requirements, SEM Listing Rules 11.3 and 11.16 and the Mauritian Securities Act 2005. The Board of the Company accepts full responsibility for the accuracy of the information contained in this communiqué.
 




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