Texton Property Fund Limited (JSE:TEX) News - Results of Annual General Meeting

TEXTON PROPERTY FUND LIMITED
Granted REIT status by the JSE
Incorporated in the Republic of South Africa
(Registration number 2005/019302/06)
Share code: TEX   ISIN: ZAE000190542
(“Texton” or “the Company”)


RESULTS OF ANNUAL GENERAL MEETING


 Shareholders are advised that, at the Annual General Meeting of Texton held on 29 November 2021,
 resolutions as set out in the notice of Annual General Meeting were passed by the requisite majority of
 shareholders as set out below, except for Ordinary Resolution number 8.

 Annual financial statements
 The annual financial statements of the Company, incorporating the external auditor, audit committee and
 directors’ reports for the year ended 30 June 2021 were presented.

 Social and Ethics Committee Report
 The Social and Ethics Committee report as incorporated in the integrated annual report was presented.

 The number of shares voted in person or by proxy was 296 237 209, representing 81% of the total issued 
 share capital of Texton shares.


 The resolutions proposed at the meeting, together with the percentage of shares abstained, as well as the
 percentage of votes carried for and against each resolution, are set out below:

                                                                  % of           %  of             % of shares
                                                                 votes          votes                abstained
Resolution                                                  carried for         against
                                                                   the          the
                                                            resolution          resolution
Ordinary resolution 1: Re-election of Ms S Thomas as
a non-executive director                                      100.00%               0.00%                0.22%

Ordinary resolution 2: Re-election of Mr AJ
Hannington as a non-executive on-executive director           100.00%               0.00%                0.22%

Ordinary resolution 3: Re-election of Mr JR Macey as
a member and the chairman of the audit and risk               100.00%               0.00%                0.23%
Committee
Ordinary resolution 4: Re-election of Ms S Thomas as a
member of the Audit and Risk Committee                        100.00%               0.00%                0.22%
Ordinary resolution 5: Re-election of Mr AJ Hannington
as a member of the Audit and Risk Committee                   100.00%               0.00%                0.22%

Ordinary resolution 6: Appointment of auditor
                                                              100.00%               0.00%                0.22%
Non-binding advisory vote 7.1: Approval of the
remuneration policy                                            99,99%               0.01%                0.21%

Non-binding advisory vote 7.2: Approval of the
remuneration implementation report                            100.00%               0.00%                0.22%

Special resolution number 1: Non-executive directors’
remuneration                                                  100.00%               0.00%                0.22%

Special resolution number 2: Authority to repurchase
ordinary shares                                               100.00%               0.00%                0.21%
 
Special resolution number 3: General
approval for financial assistance in terms of                  99.99%               0.01%                0.21%
section 44 of the Companies Act

Special resolution number 4: General approval for
financial assistance in terms of section 45 of the             99.99%               0.01%                0.21%
Companies Act

Ordinary resolution number 8*: Election of
Mr S Herring as a non-executive director                       41.42%              58.58%                0.22%
* Ordinary resolution 8 did not carry

Ordinary resolution number 9: Implementation of
resolutions                                                   100.00%               0.00%                0.22%



29 November 2021

Sponsor:
Investec Bank Limited

Date: 29-11-2021 05:01:00
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