| Wed 31 Jul 2024, 13:00 | | SPEAR REIT LIMITED - Results of the Annual General Meeting |
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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, Wednesday, 31 July 2024 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
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 98.95% 1.05% 202,090,297 71.39% 0.13%
number 1:
Retirement and re-
election of Mr. A
Varachhia as
director
Ordinary resolution 100% 0.00% 202,090,297 71.39% 0.13%
number 2:
Retirement and re-
election of Mr. J
Allie as director
Ordinary resolution 99.97% 0.03% 202,090,297 71.39% 0.13%
number 3:
Retirement and re-
election of Dr RL
Philips as director
Ordinary resolution 100% 0.00% 202,090,297 71.39% 0.13%
number 4:
To re-appoint Mr.
JE Allie as member
of the audit and risk
committee
Ordinary resolution 100% 0.00% 202,090,297 71.39% 0.13%
number 5:
To re-appoint Mr.
BL Goldberg as
member of the
audit and risk
committee
Ordinary resolution 99.03% 0.97% 202,090,297 71.39% 0.13%
number 6:
To re-appoint Mr B
Raziya as member
of the audit and risk
committee
Ordinary resolution 98.95% 1.05% 202,090,297 71.39% 0.13%
number 7:
To re-appoint BDO
South Africa
Incorporated as the
auditor of the
company
Ordinary resolution 98.66% 1.34% 202,090,297 71.39% 0.13%
number 8:
Non-binding
advisory vote on
Spear's
remuneration policy
Ordinary resolution 93.30% 6.70% 202,090,297 71.39% 0.13%
number 9:
Non-binding
advisory vote on
Spear's
implementation
report on the
remuneration policy
Ordinary resolution 100% 0.00% 202,090,297 71.39% 0.13%
number 10:
General authority to
issue ordinary
shares for cash
Special resolution 80.78% 19.22% 202,090,297 71.39% 0.13%
number 1:
Remuneration of
non-executive
directors
Special resolution 100% 0.00% 202,090,297 71.39% 0.13%
number 2:
Inter-company
financial assistance
Special resolution 99.97% 0.03% 202,090,297 71.39% 0.13%
number 3:
Financial
assistance for
acquisition of
shares in the
company or a
related or inter-
related company
Special resolution 98.34% 1.66% 202,090,297 71.39% 0.13%
number 4:
Share repurchases
by Spear and its
subsidiaries
Note:
*Total number of shares in issue as at the date of the AGM was 283 091 373 of which 22 493
457 were treasury shares.
Cape Town
31 July 2024
Sponsor
PSG Capital
Date: 31-07-2024 01:00:00
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