| Mon 24 May 2010, 12:39 | | SAC - SA Corporate Real Estate Fund - Results of annual general meeting and |
|
SAC
SAC
SAC - SA Corporate Real Estate Fund - Results of annual general meeting and
changes to the board of directors
SA Corporate Real Estate Fund
(Incorporated in the Republic of South Africa)
A Collective Investment Scheme in property registered in terms of the Collective
Investment Schemes Control Act, No. 45 of 2002 and managed by SA Corporate Real
Estate Fund Managers Limited (Registration number 1994/009895/06) ("SA Corporate
Fund Managers")
Share Code: SAC ISIN Code: ZAE000083614
("SA Corporate" or "the Fund")
Results of annual general meeting and changes to the board of directors
Results of annual general meeting
SA Corporate unitholders are advised that, at the annual general meeting of SA
Corporate held at the Colosseum Meeting Room, Property on Fifth, Mutual Park,
Pinelands today, all the resolutions were passed by the requisite majority of
shareholders present or represented by proxy.
The elected unitholder nominated directors are Mr Wayne van der Vent and Mr Ken
Forbes, who are both current directors.
Changes to the board of directors
In compliance with rule 3.59 of the JSE Limited Listings Requirements, SA
Corporate unitholders are advised of the following changes to the board of SA
Corporate Fund Managers:
* Mr Kevin Roman, who is currently an independent non-executive director, has
been appointed as independent Chairman of SA Corporate Fund Managers with
effect from 20 May 2010 in compliance with King III and Mr Ben Kodisang,
will remain on the board of SA Corporate Fund Managers as a non-executive
director.
Furthermore, SA Corporate unitholders are advised of the following additional
changes to the board of SA Corporate Fund Managers:
* Ms Gugulethu Dingaan, who is currently an alternate director to Ms Louisa
Mojela, has been appointed as an independent non-executive director with
effect from 20 May 2010;
* Ms Louisa Mojela has resigned as an independent non-executive director with
effect from 20 May 2010;
* Mr John Swain has retired as an independent non-executive director with
effect from 24 May 2010; and
* Mr Mike Groves has retired as an independent non-executive director with
effect from 24 May 2010.
Cape Town
24 May 2010
Sponsor
Nedbank Capital
Date: 24/05/2010 12:39:01 Produced by the JSE SENS Department.
The SENS service is an information dissemination service administered by the
JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or
implicitly, represent, warrant or in any way guarantee the truth, accuracy or
completeness of the information published on SENS. The JSE, their officers,
employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature,
howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
