Grit - Result of Annual General Meeting

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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