Resilient REIT Triumphs at AGM, Empowered to Aid Related Companies

Resilient REIT Limited conducted its annual general meeting on Thursday, June 22, 2023. Shareholders demonstrated overwhelming support for the company’s proposals, with all resolutions receiving the requisite majority vote. In addition, Resilient disclosed its authorization to provide financial assistance to related and inter-related companies, as permitted by the Companies Act.

With an impressive attendance of 80.92% representing the total eligible shares, the meeting showcased Resilient’s commitment to transparency and corporate governance. Shareholders participated actively and expressed confidence in the company’s future direction.

The voting results for the re-election of directors were as follows:

• Monica Muller, a director at Resilient, secured a resounding victory with 99.87% of the votes in favor of her re-election. A mere 0.13% of the votes were cast against the resolution.
• Protas Phili, another incumbent director, enjoyed widespread support, garnering 99.95% of the votes for his re-election. The opposing votes constituted a minor 0.05%.
• Marion Marole, a director at Resilient, received an overwhelming vote of confidence from shareholders, with 99.63% supporting her re-election. Only 0.37% of votes were against the resolution.
• Barry van Wyk, seeking re-election as a director, witnessed 70.14% of the votes in favor, while 29.86% were cast against his reappointment.

The annual general meeting also addressed resolutions pertaining to the re-election of members to the Audit Committee. Protas Phili, Stuart Bird, and Des Gordon received widespread shareholder approval, with voting results showing significant support for their continued roles.

Furthermore, shareholders overwhelmingly approved the appointment of PricewaterhouseCoopers Inc. as the group’s auditor, with 99.61% of the votes in favor.

Resilient’s shareholders voted on various other resolutions, including granting general authority to issue shares for cash and providing endorsements for the Remuneration Policy and the Remuneration Implementation Report. While the majority of votes favored these resolutions, there were dissenting votes indicating differing perspectives among shareholders.