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HYPROP INVESTMENTS LIMITED - Results of annual general meeting and change in function of directors

03 December 2019 - 09:55 AM
HYP HILB11 HILB12 HILB10 HILB08 HILB09 HILB06 HILB07
Results of annual general meeting and change in function of directors

HYPROP INVESTMENTS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1987/005284/06)
JSE share code: HYP ISIN: ZAE000190724
JSE issuer bond code: HYPI
(Approved as a REIT by the JSE)
(Hyprop)


RESULTS OF ANNUAL GENERAL MEETING AND CHANGE IN FUNCTION OF DIRECTORS


Shareholders are advised that at the annual general meeting of shareholders held on Monday, 2 December 2019 (in terms
of the notice dispatched on 29 October 2019) all the resolutions tabled there at were passed by the requisite majority of
shareholders.

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

    -   total number of Hyprop shares in issue as at the date of the annual general meeting: 255 894 516
    -   total number of Hyprop shares that were present/represented at the annual general meeting: 204 007 754, being
        79,72% of the total number of Hyprop shares that could have been voted at the annual general meeting.

  Ordinary resolution number 1: Adoption of annual financial statements

  Shares voted*                   For                             Against                      Abstentions^
  202 389 553, being 79,09%       202 383 499, being              6 054, being 0,00%           1 618 201, being 0,63%
                                  100,00%

  Ordinary resolution number 2: Confirmation of the appointment MC Wilken as a director

  Shares voted*                   For                             Against                      Abstentions^
  202 678 643, being 79,20%       202 001 931, being 99,67%       676 712, being 0,33%         1 329 111, being 0,52%

  Ordinary resolution number 3: Confirmation of the appointment of AA Dallamore as a director

  Shares voted*                   For                             Against                      Abstentions^
  202 678 643, being 79,20%       195 946 470, being 96,68%       6 732 173, being 3,32%       1 329 111, being 0,52%

  Ordinary resolution number 4.1: Re-election of KM Ellerine as a director

  Shares voted*                   For                             Against                      Abstentions^
  202 678 643, being 79,20%       190 009 437, being 93,75%       12 669 206, being 6,25%      1 329 111, being 0,52%

  Ordinary resolution number 4.2: Re-election of N Mandindi as a director

  Shares voted*                   For                             Against                      Abstentions^
  202 678 643, being 79,20%       202 665 500, being 99,99%       13 143, being 0,01%          1 329 111, being 0,52%

  Ordinary resolution number 4.3: Re-election of S Shaw-Taylor as a director

  Shares voted*                   For                             Against                      Abstentions^
  202 678 643, being 79,20%       168 598 881, being 83,19%       34 079 762, being 16,81%     1 329 111, being 0,52%

  Ordinary resolution number 5.1: Appointment/Re-appointment of Thabo Mokgatlha as a member of the audit and
  risk committee (Chairman)

  Shares voted*                   For                             Against                      Abstentions^
  202 678 643, being 79,20%       202 488 740, being 99,91%       189 903, being 0,09%         1 329 111, being 0,52%

  Ordinary resolution number 5.2: Appointment of Gavin Tipper as a member of the audit and risk committee
 
  Shares voted*                   For                             Against                      Abstentions^
  202 678 643, being 79,20%       169 706 974, being 83,73%       32 971 669, being 16,27%     1 329 111, being 0,52%

  Ordinary resolution number 5.3: Appointment of Zuleka Jasper as a member of the audit and risk committee

  Shares voted*                   For                             Against                      Abstentions^
  202 677 582, being 79,20%       202 670 808, being 100,00%      6 774, being 0,00%           1 330 172, being 0,52%

  Ordinary resolution number 5.4: Appointment of Stewart Shaw-Taylor as a member of the audit and risk committee

  Shares voted*                   For                             Against                      Abstentions^
  202 678 643, being 79,20%       158 876 333, being 78,39%       43 802 310, being 21,61%     1 329 111, being 0,52%

  Ordinary resolution number 5.5: Appointment of Annabel Dallamore as a member of the audit and risk committee

  Shares voted*                   For                             Against                      Abstentions^
  202 678 643, being 79,20%       187 353 856, being 92,44%       15 324 787, being 7,56%      1 329 111, being 0,52%

  Ordinary resolution number 6: Reappointment of auditors

  Shares voted*                   For                             Against                      Abstentions^
  202 678 293, being 79,20%       164 669 306, being 81,25%       38 008 987, being 18,75%     1 329 461, being 0,52%

  Ordinary resolution number 7: Control over unissued shares

  Shares voted*                   For                             Against                      Abstentions^
  202 678 643, being 79,20%       175 287 533, being 86,49%       27 391 110, being 13,51%     1 329 111, being 0,52%

  Ordinary resolution number 8: General authority to issue shares for cash

  Shares voted*                   For                             Against                      Abstentions^
  202 678 643, being 79,20%       175 270 322, being 86,48%       27 408 321, being 13,52%     1 329 111, being 0,52%

  Ordinary resolution number 9: Specific authority to issue shares pursuant to a dividend reinvestment option
  
  Shares voted*                   For                             Against                      Abstentions^
  202 677 593, being 79,20%       168 012 997, being 82,90%       34 664 596 being 17,10%      1 330 161, being 0,52%

  Ordinary resolution number 10: Endorsement of remuneration policy

  Shares voted*                   For                             Against                      Abstentions^
  202 567 763, being 79,16%       169 755 443, being 83,80%       32 812 320, being 16,20%     1 439 991, being 0,56%

  Ordinary resolution number 11: Endorsement of remuneration implementation report

  Shares voted*                   For                             Against                      Abstentions^
  202 567 763, being 79,16%       179 690 077, being 88,71%       22 877 686, being 11,29%     1 439 991, being 0,56%
 
  Special resolution number 1: Share repurchases

  Shares voted*                   For                             Against                      Abstentions^
  202 679 343, being 79,20%       177 625 016, being 87,64%       25 054,327 being 12,36%      1 328 411, being 0,52%

  Special resolution number 2: Financial assistance to related and inter-related parties
 
  Shares voted*                   For                             Against                      Abstentions^
  202 568 813, being 79,16%       197 311 110, being 97,40%       5 257 703, being 2,60%       1 438 941, being 0,56%

  Special resolution number 3.1.1: Approval of non-executive directors fees for 2019/2020: Board chairman

  Shares voted*                   For                             Against                      Abstentions^
  202 691 393, being 79,21%       197 500 461, being 97,44%       5 190 932, being 2,56%       1 316 361, being 0,51%

  Special resolution number 3.1.2: Approval of non-executive directors fees for 2019/2020: Non-executive directors

  Shares voted*                   For                             Against                      Abstentions^
  202 691 393, being 79,21%       197 318 382, being 97,35%       5 373 011, being 2,65%       1 316 361, being 0,51%

  Special resolution number 3.1.3: Approval of non-executive directors fees for 2019/2020: Audit and risk committee chairman

  Shares voted*                   For                             Against                      Abstentions^
  202 691 393, being 79,21%       197 500 461, being 97,44%       5 190 932, being 2,56%       1 316 361, being 0,51%

  Special resolution number 3.1.4: Approval of non-executive directors fees for 2019/2020: Audit and risk committee member

  Shares voted*                   For                             Against                      Abstentions^
  202 691 393, being 79,21%       197 500 461, being 97,44%       5 190 932, being 2,56%       1 316 361, being 0,51%

  Special resolution number 3.1.5: Approval of non-executive directors fees for 2019/2020: Remuneration and nomination 
  committee chairman

  Shares voted*                   For                             Against                      Abstentions^
  202 691 393, being 79,21%       197 500 461, being 97,44%       5 190 932, being 2,56%       1 316 361, being 0,51%

  Special resolution number 3.1.6: Approval of non-executive directors fees for 2019/202: Remuneration and nomination 
  committee member

  Shares voted*                   For                             Against                      Abstentions^
  202 691 393, being 79,21%       197 500 461, being 97,44%       5 190 932, being 2,56%       1 316 361, being 0,51%
 
  Special resolution number 3.1.7: Approval of non-executive directors fees for 2019/2020: Social and ethics
  committee chairman

  Shares voted*                   For                             Against                      Abstentions^
  202 694 423, being 79,21%       197 500 461, being 97,44%       5 193 962, being 2,56%       1 313 331, being 0,51%

  Special resolution number 3.1.8: Approval of non-executive directors fees for 2019/2020: Social and ethics
  committee member

  Shares voted*                   For                             Against                      Abstentions^
  202 694 423, being 79,21%       197 500 461, being 97,44%       5 193 962, being 2,56%       1 313 331, being 0,51%

  Special resolution number 3.1.9: Approval of non-executive directors fees for 2018/2019: Investment committee
  chairman

  Shares voted*                   For                             Against                      Abstentions^
  202 691 393, being 79,21%       197 500 461, being 97,44%       5 190 932, being 2,56%       1 316 361, being 0,51%

  Special resolution number 3.1.10: Approval of non-executive directors fees for 2018/2019: Investment committee
  member

  Shares voted*                   For                             Against                      Abstentions^
  202 691 393, being 79,21%       197 500 750, being 97,44%       5 190 643, being 2,56%       1 316 361, being 0,51%

  Special resolution number 3.2: Approval of annual increases to non-executive directors fees

  Shares voted*                   For                             Against                      Abstentions^
  202 691 393, being 79,21%       197 500 461, being 97,44%       5 190 932, being 2,56%       1 316 361, being 0,51%

  Ordinary resolution number 12: Signature of documentation

   Shares voted*                  For                             Against                      Abstentions^
   202 677 593, being 79,20%      202 671 250, being 100,00%      6 343, being 0,00%           1 330 161, being 0,52%

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

CHANGE IN FUNCTION OF DIRECTORS

As announced on SENS on 29 October 2019, Mike Lewin retired from the Hyprop board with effect from 2 December 2019.
Nyami Mandindi has been appointed as the chair of the social and ethics committee in his place.

3 December 2019


Sponsor
Java Capital

Date: 03-12-2019 10:55:00
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