Enhanced Investments - Financial Portal

Results of annual general meeting

Published: 2022-02-22 07:30:00 ET

Dipula Income Fund Limited A (JSE:DIA) News - Results of annual general meeting

DIPULA INCOME FUND LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2005/013963/06)
JSE share code: DIA ISIN: ZAE000203378
JSE share code: DIB     ISIN: ZAE000203394
(Approved as a REIT by the JSE)
("Dipula" or "Company")


RESULTS OF ANNUAL GENERAL MEETING


Shareholders are advised that at the annual general meeting of shareholders held on Monday, 21 February 2022 (in terms
of the notice of annual general meeting dispatched to shareholders on Wednesday, 15 December 2021), all the
resolutions tabled thereat were passed by the requisite majority of Dipula shareholders other than ordinary resolution
number 12, in respect of a general authority to issue shares for cash.

Details of the results of voting at the annual general meeting are as follows:

-      total number of Dipula shares in issue as at the date of the annual general meeting: 529 331 638;
-      total number of Dipula A shares that could have been voted at the annual general meeting: 264 665 819;
-      total number of Dipula B shares that could have been voted at the annual general meeting: 264 665 819;
-      total number of Dipula shares that were present/represented at the annual general meeting: 473 742 864, being
       89.50% of the total number of Dipula shares that could have voted at the annual general meeting.
-      total number of Dipula A shares that were present/represented at the annual general meeting: 235 250 523, being
       88.89% of the total number of Dipula A shares that could have been voted at the annual general meeting; and
-      total number of Dipula B shares that were present/represented at the annual general meeting: 238 492 341, being
       90.11% of the total number of Dipula B shares that could have been voted at the annual general meeting.

Ordinary resolution number 1: Re-election of Z Matlala as a director

A shares voted*                 For                             Against                     Abstentions^
235 250 373, being 88.89%       200 943 422, being 85.42%       34 306 951, being 14.58%    150, being 0.0001%
B shares voted*                 For                             Against                     Abstentions^
238 448 341, being 90.09%       238 448 341, being 100.00%      -                           44 000, being 0.02%
Total shares voted*             For                             Against                     Abstentions^
473 698 714, being 89.49%       439 391 763, being 92.76%       34 306 951, being 7.24%     44 150, being 0.01%

Ordinary resolution number 2: Re-election of Y Waja as a director

A shares voted*                 For                             Against                     Abstentions^
235 250 373, being 88.89%       199 873 760, being 84.96%       35 376 613, being 15.04%    150, being 0.0001%
B shares voted*                 For                             Against                     Abstentions^
238 448 341, being 90.09%       174 666 106, being 73.25%       63 782 235, being 26.75%    44 000, being 0.02%
Total shares voted*             For                             Against                     Abstentions^
473 698 714, being 89.49%       374 539 866, being 79.07%       99 158 848, being 20.93%    44 150, being 0.01%

Ordinary resolution number 3: Re-election of Prof E Links as a director

A shares voted*                 For                             Against                     Abstentions^
235 250 373, being 88.89%       196 288 082, being 83.44%       38 962 291, being 16.56%    150, being 0.0001%
B shares voted*                 For                             Against                     Abstentions^
238 448 341, being 90.09%       232 004 569, being 97.30%       6 443 772, being 2.70%      44 000, being 0.02%
Total shares voted*             For                             Against                     Abstentions^
473 698 714, being 89.49%       428 292 651, being 90.41%       45 406 063, being 9.59%     44 150, being 0.01%

Ordinary resolution number 4: Re-election of BH Azizollahoff as a director

A shares voted*                 For                             Against                     Abstentions^
235 250 373, being 88.89%       200 943 422, being 85.42%       34 306 951, being 14.58%    150, being 0.0001%
B shares voted*                 For                             Against                     Abstentions^
238 448 341, being 90.09%       238 448 341, being 100.00%      -                           44 000, being 0.02%
Total shares voted*             For                             Against                     Abstentions^
473 698 714, being 89.49%       439 391 763, being 92.76%       34 306 951, being 7.24%     44 150, being 0.01%

Ordinary resolution number 5: Re-election of R Asmal as a director

A shares voted*                 For                             Against                     Abstentions^
235 250 373, being 88.89%       235 250 373, being 100.00%      -                           150, being 0.0001%
B shares voted*                 For                             Against                     Abstentions^
238 448 341, being 90.09%       238 448 341, being 100.00%      -                           44 000, being 0.02%
Total shares voted*             For                             Against                     Abstentions^
473 698 714, being 89.49%       473 698 714, being 100.00%      -                           44 150, being 0.01%

Ordinary resolution number 6: Re-election of IS Petersen as a director

A shares voted*                 For                             Against                     Abstentions^
235 250 373, being 88.89%       235 250 373, being 100.00%      -                           150, being 0.0001%
B shares voted*                 For                             Against                     Abstentions^
238 448 341, being 90.09%       238 448 341, being 100.00%      -                           44 000, being 0.02%
Total shares voted*             For                             Against                     Abstentions^
473 698 714, being 89.49%       473 698 714, being 100.00%      -                           44 150, being 0.01%

Ordinary resolution number 7: Re-election of SA Halliday as a director

A shares voted*                 For                             Against                     Abstentions^
235 250 373, being 88.89%       206 120 189, being 87.62%       29 130 184, being 12.38%    150, being 0.0001%
B shares voted*                 For                             Against                     Abstentions^
238 448 341, being 90.09%       168 137 232, being 70.51%       70 311 109, being 29.49%    44 000, being 0.02%
Total shares voted*             For                             Against                     Abstentions^
473 698 714, being 89.49%       374 257 421, being 79.01%       99 441 293, being 20.99%    44 150, being 0.01%

Ordinary resolution number 8: Re-election of Y Waja as a member and chairman of the audit and risk committee

A shares voted*                 For                             Against                     Abstentions^
235 250 373, being 88.89%       192 535 757, being 81.84%       42 714 616, being 18.16%    150, being 0.0001%
B shares voted*                 For                             Against                     Abstentions^
238 448 341, being 90.09%       167 345 232, being 70.18%       71 103 109, being 29.82%    44 000, being 0.02%
Total shares voted*             For                             Against                     Abstentions^
473 698 714, being 89.49%       359 880 989, being 75.97%       113 817 725, being 24.03%   44 150, being 0.01%

Ordinary resolution number 9: Re-election of BH Azizollahoff as a member of the audit and risk committee

A shares voted*                 For                             Against                     Abstentions^
235 250 373, being 88.89%       193 605 419, being 82.30%       41 644 954, being 17.70%    150, being 0.0001%
B shares voted*                 For                             Against                     Abstentions^
238 448 341, being 90.09%       231 127 467, being 96.93%       7 320 874, being 3.07%      44 000, being 0.02%
Total shares voted*             For                             Against                     Abstentions^
473 698 714, being 89.49%       424 732 886, being 89.66%       48 965 828, being 10.34%    44 150, being 0.01%

Ordinary resolution number 10: Re-election of Prof E Links as a member of the audit and risk committee

A shares voted*                 For                             Against                     Abstentions^
235 250 373, being 88.89%       193 605 419, being 82.30%       41 644 954, being 17.70%    150, being 0.0001%
B shares voted*                 For                             Against                     Abstentions^
238 448 341, being 90.09%       231 127 467, being 96.93%       7 320 874, being 3.07%      44 000, being 0.02%
Total shares voted*             For                             Against                     Abstentions^
473 698 714, being 89.49%       424 732 886, being 89.66%       48 965 828, being 10.34%    44 150, being 0.01%

Ordinary resolution number 11: Re-election of Mazars as independent external auditor and Susan Truter as the
designated audit partner of the company

A shares voted*                 For                             Against                     Abstentions^
235 250 373, being 88.89%       235 250 373, being 100.00%      -                           150, being 0.0001%
B shares voted*                 For                             Against                     Abstentions^
238 398 341, being 90.08%       238 398 341, being 100.00%      -                           94 000, being 0.04%
Total shares voted*             For                             Against                     Abstentions^
473 648 714, being 89.48%       473 648 714, being 100.00%      -                           94 150, being 0.02%

Ordinary resolution number 12: General authority to issue shares for cash

A shares voted*                 For                             Against                     Abstentions^
235 250 373, being 88.89%       142 359 155, being 60.51%       92 891 218, being 39.49%    150, being 0.0001%
B shares voted*                 For                             Against                     Abstentions^
237 628 228, being 89.78%       119 876 576, being 50.45%       117 751 652, being 49.55%   864 113, being 0.33%
Total shares voted*             For                             Against                     Abstentions^
472 878 601, being 89.34%       262 235 731, being 55.46%       210 642 870, being 44.54%   864 263, being 0.16%

Ordinary resolution number 13: Specific authority to issue shares pursuant to a reinvestment option

A shares voted*                 For                             Against                     Abstentions^
235 250 373, being 88.89%       231 935 372, being 98.59%       3 315 001, being 1.41%      150, being 0.0001%
B shares voted*                 For                             Against                     Abstentions^
237 628 228, being 89.78%       192 046 987, being 80.82%       45 581 241, being 19.18%    864 113, being 0.33%
Total shares voted*             For                             Against                     Abstentions^
472 878 601, being 89.34%       423 982 359, being 89.66%       48 896 242, being 10.34%    864 263, being 0.16%

Non-binding advisory resolution number 1: Endorsement of the remuneration policy

A shares voted*                 For                             Against                     Abstentions^
235 237 373, being 88.88%       201 892 903, being 85.83%       33 344 470, being 14.17%    13 150, being 0.005%
B shares voted*                 For                             Against                     Abstentions^
191 996 987, being 72.54%       191 840 840, being 99.92%       156 147, being 0.08%        46 495 354, being 17.57%
Total shares voted*             For                             Against                     Abstentions^
427 234 360, being 80.71%       393 733 743, being 92.16%       33 500 617, being 7.84%     46 508 504, being 8.79%

Non-binding advisory resolution number 2: Endorsement of the remuneration implementation report

A shares voted*                 For                             Against                     Abstentions^
235 237 373, being 88.88%       204 355 644, being 86.87%       30 881 729, being 13.13%    13 150, being 0.005%
B shares voted*                 For                             Against                     Abstentions^
191 996 987, being 72.54%       191 854 885, being 99.93%       142 102, being 0.07%        46 495 354, being 17.57%
Total shares voted*             For                             Against                     Abstentions^
427 234 360, being 80.71%       396 210 529, being 92.74%       31 023 831, being 7.26%     46 508 504, being 8.79%

Ordinary resolution number 14: To authorise the signature of documentation

A shares voted*                 For                             Against                     Abstentions^
235 250 373, being 88.89%       235 250 373, being 100.00%      -                           150, being 0.0001%
B shares voted*                 For                             Against                     Abstentions^
238 448 341, being 90.09%       238 448 341, being 100.00%      -                           44 000, being 0.02%
Total shares voted*             For                             Against                     Abstentions^
473 698 714, being 89.49%       473 698 714, being 100.00%      -                           44 150, being 0.01%

Special resolution number 1: Financial assistance to related or inter-related companies

A shares voted*                 For                             Against                     Abstentions^
235 237 373, being 88.88%       235 237 373, being 100.00%      -                           13 150, being 0.005%
B shares voted*                 For                             Against                     Abstentions^
238 448 341, being 90.09%       238 448 341, being 100.00%      -                           44 000, being 0.02%
Total shares voted*             For                             Against                     Abstentions^
473 685 714, being 89.49%       473 685 714, being 100.00%      -                           57 150, being 0.01%

Special resolution number 2: Financial assistance for the subscription and/or purchase of securities in the company
or in related or inter-related companies

A shares voted*                 For                             Against                     Abstentions^
235 237 373, being 88.88%       227 267 032, being 96.61%       7 970 341, being 3.39%      13 150, being 0.005%
B shares voted*                 For                             Against                     Abstentions^
237 071 430, being 89.57%       230 109 456, being 97.06%       6 961 974, being 2.94%      1 420 911, being 0.54%
Total shares voted*             For                             Against                     Abstentions^
472 308 803, being 89.23%       457 376 488, being 96.84%       14 932 315, being 3.16%     1 434 061, being 0.27%

Special resolution number 3: Share repurchases

A shares voted*                 For                             Against                     Abstentions^
235 250 373, being 88.89%       223 098 936, being 94.83%       12 151 437, being 5.17%     150, being 0.0001%
B shares voted*                 For                             Against                     Abstentions^
238 448 341, being 90.09%       238 363 239, being 99.96%       85 102, being 0.04%         44 000, being 0.02%
Total shares voted*             For                             Against                     Abstentions^
473 698 714, being 89.49%       461 462 175, being 97.42%       12 236 539, being 2.58%     44 150, being 0.01%

Special resolution number 4: Approval of non-executive directors' remuneration

A shares voted*                 For                             Against                     Abstentions^
235 243 473, being 88.88%       235 243 473, being 100.00%      -                           7 050, being 0.003%
B shares voted*                 For                             Against                     Abstentions^
237 628 228, being 89.78%       237 571 228, being 99.98%       57 000, being 0.02%         864 113, being 0.33%
Total shares voted*             For                             Against                     Abstentions^
472 871 701, being 89.33%       472 814 701, being 99.99%       57 000, being 0.01%         871 163, being 0.16%

Special resolution number 5: Approval to issue shares in terms of section 41(1) of the Companies Act

A shares voted*                 For                             Against                     Abstentions^
235 250 373, being 88.89%       208 530 190, being 88.64%       26 720 183, being 11.36%    150, being 0.0001%
B shares voted*                 For                             Against                     Abstentions^
237 628 228, being 89.78%       191 904 885, being 80.76%       45 723 343, being 19.24%    864 113, being 0.33%
Total shares voted*             For                             Against                     Abstentions^
472 878 601, being 89.34%       400 435 075, being 84.68%       72 443 526, being 15.32%    864 263, being 0.16%

* shares voted (excluding abstentions) in relation to total shares in issue
^ in relation to total shares in issue

22 February 2022


Sponsor
Java Capital

Date: 22-02-2022 09:30:00
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.

Enhanced Investments, Inc.
329 South Oyster Bay Road #2085
Plainview, NY 11803
team@eninvs.com

Important disclosures

Performance results were prepared by Enhanced Investments, and have not been compiled, reviewed or audited by an independent accountant. Performance estimates are subject to future adjustment and revision. Investors should be aware that a loss of investment is possible. Account holdings are for illustrative purposes only and are not investment recommendations. Additional information, including (i) the calculation methodology; and (ii) a list showing the contribution of each holding to the portfolio’s performance during the time period will be provided upon request.
All statements made via social media sites sponsored or maintained by Enhanced Investments and its affiliates are for informational purposes only and do not constitute a comprehensive description of Enhanced Investments' investment advisory services.
Certain investments are not suitable for all investors. Before investing, consider your investment objectives and applicable fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Information provided by Enhanced Investments is for informational and general educational purposes only and is not investment or financial advice.

Nothing on this website should be considered an offer, solicitation of an offer, or advice to buy or sell securities.
Past performance is no guarantee of future results. Any historical returns, expected returns [or probability projections] are hypothetical in nature and may not reflect actual future performance.
All the strategies assume investments in equity invstrumenta only and are more relevant for "agressive investment profile". Eastern European flagship strategy assumes using up to 20% leverage of total portfolio. GlobalCommodities and US Growth strategy currently assume no leverage.
Results for the Enhanced Investments strategies as compared to the performance of Illustrative Benchmarks is for informational purposes only. Our investment program does not mirror that of the Illustrative Benchmarks and the volatility may be materially different from the volatility of Illustrative Benchmarks. Reference or comparison to an Illustrative Benchmark does not imply that strategies of Enhanced Investments will be constructed in the same way as the Illustrative Benchmark or achieve returns, volatility, or other results similar to those of the Illustrative Benchmark. The S&P 500 is an unmanaged market capitalization-weighted index of 500 common stocks chosen for market size, liquidity, and industry group representation to represent U.S. equity performance.
Performance results were prepared by Enhanced Investments, and have not been compiled, reviewed or audited by an independent accountant. Performance estimates are subject to future adjustment and revision. Investors should be aware that a loss of investment is possible. Account holdings are for illustrative purposes only and are not investment recommendations. Additional information, including (i) the calculation methodology; and (ii) a list showing the contribution of each holding to the portfolio’s performance during the time period will be provided upon request.
All statements made via social media sites sponsored or maintained by Enhanced Investments and its affiliates are for informational purposes only and do not constitute a comprehensive description of Enhanced Investments' investment advisory services.
Certain investments are not suitable for all investors. Before investing, consider your investment objectives and applicable fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Information provided by Enhanced Investments is for informational and general educational purposes only and is not investment or financial advice.