Enhanced Investments - Financial Portal

Results of annual general meeting

Published: 2022-02-18 09:30:00 ET

Redefine Properties Limited (JSE:RDF) News - Results of annual general meeting

REDEFINE PROPERTIES LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1999/018591/06)
JSE share code: RDF ISIN: ZAE000190252
LEI: 37890061EC026A7DA532
Debt company code: BIRDF
(Approved as a REIT by the JSE)
("Redefine" or "the company")


RESULTS OF ANNUAL GENERAL MEETING


Shareholders are advised that at the annual general meeting of shareholders held on Thursday, 17 February 2022 (in
terms of the notice dispatched on Friday, 17 December 2021), all the resolutions tabled thereat were passed by the
requisite majority of Redefine shareholders.

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

-     total number of Redefine shares in issue as at the date of the annual general meeting: 6 080 268 413;
-     total number of Redefine shares that could have been voted at the annual general meeting: 6 019 715 398
      (excluding treasury shares, the shares exercisable in respect of the Madison shares by Madison and its
      associates and the shares exercisable in respect of the Ma'Afrika shares by Ma'Afrika and its associates); and
-     total number of Redefine shares that were present/represented at the annual general meeting: 5 001 820 783,
      being 83.09% of the total number of Redefine shares that could have been voted at the annual general meeting.

ORDINARY RESOLUTIONS

Ordinary resolution 1: Re-election of Bridgitte Mathews as an independent non-executive director

Shares voted*                    For                              Against                     Abstentions^
4 990 610 347, being 82.08%      4 644 034 701, being 93.06%      346 575 646, being 6.94%    11 210 436, being 0.18%

Ordinary resolution 2: Re-election of Amanda Dambuza as an independent non-executive director

Shares voted*                    For                              Against                     Abstentions^
4 990 610 228, being 82.08%      4 989 431 458, being 99.98%      1 178 770, being 0.02%      11 210 555, being 0.18%

Ordinary resolution 3: Re-election of Andrew König as an executive director

Shares voted*                    For                              Against                     Abstentions^
4 990 647 835, being 82.08%      4 989 526 121, being 99.98%      1 121 714, being 0.02%      11 172 948, being 0.18%

Ordinary resolution 4: Re-election of Ntombi Langa-Royds as an independent non-executive director

Shares voted*                    For                              Against                     Abstentions^
4 990 610 347, being 82.08%      4 986 119 842, being 99.91%      4 490 505, being 0.09%      11 210 436, being 0.18%

Ordinary resolution 5.1: Election of Bridgitte Mathews as a member of the audit committee

Shares voted*                    For                              Against                     Abstentions^
4 991 057 334, being 82.09%      4 680 827 097, being 93.78%      310 230 237, being 6.22%    10 763 449, being 0.18%

Ordinary resolution 5.2: Election of Diane Radley as chairperson and as a member of the audit committee

Shares voted*                    For                              Against                     Abstentions^
4 991 069 146, being 82.09%      4 474 634 439, being 89.65%      516 434 707, being 10.35%   10 751 637, being 0.18%

Ordinary resolution 5.3: Election of Lesego Sennelo as a member of the audit committee

Shares voted*                    For                              Against                     Abstentions^
4 990 596 446, being 82.08%      4 843 602 920, being 97.05%      146 993 526, being 2.95%    11 224 337, being 0.18%

Ordinary resolution 6: Re-appointment of PricewaterhouseCoopers Inc. as independent external auditors

Shares voted*                    For                              Against                     Abstentions^
4 984 319 636, being 81.98%      4 980 825 402, being 99.93%      3 494 234, being 0.07%      17 501 147, being 0.29%

Ordinary resolution 7: Placing the unissued ordinary shares under the control of the directors

Shares voted*                    For                              Against                     Abstentions^
4 984 596 143, being 81.98%      4 946 403 105, being 99.23%      38 193 038, being 0.77%     17 224 640, being 0.28%

Ordinary resolution 8: General authority to issue shares for cash

Shares voted*                    For                              Against                     Abstentions^
4 991 139 481, being 82.09%      4 465 951 027, being 89.48%      525 188 454, being 10.52%   10 681 302, being 0.18%

Ordinary resolution 9: Specific authority to issue shares pursuant to a reinvestment option

Shares voted*                    For                              Against                     Abstentions^
4 991 150 163, being 82.09%      4 989 228 280, being 99.96%      1 921 883, being 0.04%      10 670 620, being 0.18%

Ordinary resolution 10: Non-binding advisory vote on the remuneration policy of the company

Shares voted*                    For                              Against                     Abstentions^
4 990 682 406, being 82.08%      4 924 866 681, being 98.68%      65 815 725, being 1.32%     11 138 377, being 0.18%

Ordinary resolution 11: Non-binding advisory vote on the implementation of the remuneration policy of the company

Shares voted*                    For                              Against                     Abstentions^
4 990 682 406, being 82.08%      4 926 174 080, being 98.71%      64 508 326, being 1.29%     11 138 377, being 0.18%

Ordinary resolution 12: Authorisation of directors and/or the company secretary

Shares voted*                    For                              Against                     Abstentions^
4 990 679 567, being 82.08%      4 967 681 720, being 99.54%      22 997 847, being 0.46%     11 141 216, being 0.18%


SPECIAL RESOLUTIONS

Special resolution 1: Non-executive director fees

Shares voted*                    For                              Against                     Abstentions^
4 990 480 420, being 82.08%      4 636 423 393, being 92.91%      354 057 027, being 7.09%    11 340 363, being 0.19%

Special resolution 2: Approval for the granting of financial assistance to directors, prescribed officers and other identified
employees as employee share scheme beneficiaries

Shares voted*                    For                              Against                     Abstentions^
4 991 077 278, being 82.09%      4 981 851 182, being 99.82%      9 226 096, being 0.18%      10 743 505, being 0.18%

Special resolution 3.1: Approval for the granting of financial assistance in terms of Section 44 of the Companies Act

Shares voted*                    For                              Against                     Abstentions^
4 991 009 727, being 82.09%      4 981 976 703, being 99.82%      9 033 024, being 0.18%      10 811 056, being 0.18%

Special resolution 3.2: Approval for the granting of financial assistance in terms of Section 45 of the Companies Act

Shares voted*                    For                              Against                     Abstentions^
4 990 801 539, being 82.08%      4 982 251 003, being 99.83%      8 550 536, being 0.17%      11 019 244, being 0.18%

Special resolution 4: General authority for a repurchase of shares issued by the company

Shares voted*                    For                              Against                     Abstentions^
4 991 091 946, being 82.09%      4 646 976 138, being 93.11%      344 115 808, being 6.89%    10 728 837, being 0.18%

Special resolution 5: Specific authority to repurchase the Ma'Afrika shares

Shares voted*#                   For                              Against                     Abstentions^
4 991 098 227, being 82.09%      4 989 893 744, being 99.98%      1 204 483, being 0.02%      10 722 556, being 0.18%

Special resolution 6: Specific authority to repurchase the Madison shares

Shares voted*%                   For                              Against                     Abstentions^
4 991 061 845, being 82.09%      4 989 899 963, being 99.98%      1 161 882, being 0.02%      10 758 938, being 0.18%

* shares voted (excluding abstentions) in relation to total shares in issue
^ in relation to total shares in issue (excluding treasury shares, the shares exercisable in respect of the Madison shares
  by Madison and its associates and the shares exercisable in respect of the Ma'Afrika shares by Ma'Afrika and its
  associates)
# excluding the votes exercisable in respect of the Ma'Afrika shares or by Ma'Afrika and its associates
% excluding the votes exercisable in respect of the Madison shares or by Madison and its associates

As special resolution numbers 5 and 6 regarding the specific authority to repurchase the Ma'Afrika shares and the
Madison shares have been passed by the requisite majority of Redefine shareholders, the proposed repurchases will
be implemented in accordance with the terms as set out in the notice of annual general meeting.

18 February 2022


Sponsor
Java Capital

Date: 18-02-2022 11:30:00
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.