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GRT
GRT
Growthpoint Properties Limited - Results Of General Meeting
GROWTHPOINT PROPERTIES LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1987/004988/06)
Share code: GRT ISIN: ZAE000037669
("Growthpoint")
RESULTS OF GENERAL MEETING
1. Introduction
A general meeting of Growthpoint linked unitholders was held on Monday, 10 April
2006 ("the Growthpoint general meeting") to consider and, if deemed fit, to pass
the ordinary resolution relating to the proposed acquisition ("the proposed
acquisition") of a portfolio of properties from Tresso Trading 119 (Proprietary)
Limited ("portfolio of properties"); a special resolution to increase the
authorised share capital of Growthpoint; an ordinary resolution to place the
unissued authorised share capital under the control of the directors of
Growthpoint and an ordinary resolution to authorise the issue of linked units
for cash as and when suitable situations arise.
Investec Bank Limited is authorised to announce that the following resolutions
were duly passed at the Growthpoint general meeting by the requisite majority of
Growthpoint linked unitholders:
- the proposed acquisition of the portfolio of properties was passed by 89.74%
of Growthpoint linked unitholders who voted on this resolution;
- the increase of the authorised share capital of Growthpoint was passed by 100%
of Growthpoint linked unitholders who voted on this resolution; and
- placement of the unissued authorised share capital under the control of the
directors of Growthpoint was passed by 71.61% of Growthpoint linked unitholders
who voted on this resolution.
The ordinary resolution to authorise the issue of linked units for cash, which
required at least 75% of the vote in favour of the resolution, was supported by
71.68% of Growthpoint linked unitholders who voted on this resolution.
Accordingly, this resolution was not passed. The special resolution will be
lodged with the Registrar of Companies for registration.
2. Remaining condition precedent
The proposed acquisition now remains subject only to approval by the Competition
Authorities. A further announcement will be made by Growthpoint once the
remaining condition precedent has been fulfilled.
Sandton
10 April 2006
Investment bank and joint sponsor
Investec Corporate Finance
Investec Bank Limited
(Registration number 1969/004763/06)
Legal adviser to Growthpoint
Fluxmans Attorneys
Website: www.fluxmans.com
Fluxmans Inc. Registration No: 2000/024775/21
Independent expert to Growthpoint linked unitholders
Grant Thornton Kessel Feinstein
Corporate Finance (Pty) Ltd
(Registration number 2000/002649/07)
Lead sponsor
Ernst & Young Sponsors (Pty) Ltd
(Registration number 2000/031843/07)
Legal adviser to Tresso
JOWELL GLYN & MARAIS
Independent reporting accountants
KPMG
Growthpoint debenture trustee
BELL DEWAR HALL
Independent valuers of the Tresso property portfolio
MILLS FITCHET
Gauteng/ Cape/ KwaZulu-Natal
and
Glenross Property Consultants (Proprietary) Limited
and
CBRE
CB Richard Ellis
Date: 10/04/2006 04:39:21 PM Produced by the JSE SENS Department
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