ECHO POLSKA PROPERTIES N.V. - Results of annual general meeting and changes to the board

2017-05-19 17:20:00

EPP 201705190041A
Results of annual general meeting and changes to the board

ECHO POLSKA PROPERTIES N.V.
(Incorporated in The Netherlands)
(Company number 64965945)
JSE share code: EPP
ISIN: NL0011983374
(“EPP or “the company”)


RESULTS OF ANNUAL GENERAL MEETING AND CHANGES TO THE BOARD


Shareholders are advised that at the annual general meeting of shareholders held on Friday, 19 May 2017 (in terms of the notice
dispatched on 20 April 2017) all of the resolutions tabled thereat were passed by the requisite majority of EPP shareholders.

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

    -    total number of EPP shares in issue as at the date of the annual general meeting: 704 970 211
    -    total number of EPP shares that were present/represented at the annual general meeting: 447 293 468 being 63.45% of the
         total number of EPP shares that could have been voted at the annual general meeting.

Resolution 1: To adopt remuneration policy for the Board

Shares voted*                   For                                    Against                         Abstentions^
412 260 040                     384 933 736, being 93.37%              27 326 304, being 6.63%         35 033 428, being 4.97%

Resolution 2: To adopt the 2016 annual accounts

Shares voted*                   For                                    Against                         Abstentions^
446 370 152                     446 370 152, being 100%                -                               923 316, being 0.13%

Resolution 3: To discharge the members of the Board from liability for the performance of their duties in the financial year

Shares voted*                   For                                    Against                         Abstentions^
446 262 147                     414 777 639, being 92.94%              31 484 508, being 7.06%         1 031 321, being 0.15%

Resolution 4.a.1: To reappoint Mr HJT Dean as executive director of the Board

Shares voted*                   For                                    Against                         Abstentions^
446 263 447                     446 263 447, being 100%                -                               1 030 021, being 0.15%

Resolution 4.a.2: To appoint Mr J Baginski as executive director of the Board

Shares voted*                   For                                    Against                         Abstentions^
446 263 447                     446 263 447, being 100%                -                               1 030 021, being 0.15%

Resolution 4.b.1: To reappoint Mr R Weisz as non-executive director of the Board and approval of dual role as chairman of the board
and member of the audit committee

Shares voted*                   For                                    Against                         Abstentions^
446 263 447                     446 263 447, being 100%                -                               1 030 021, being 0.15%

Resolution 4.b.2: To reappoint Mr M Wainer as non-executive director of the Board

Shares voted*                   For                                    Against                         Abstentions^
446 263 447                     446 263 447, being 100%                -                               1 030 021, being 0.15%

Resolution 4.b.3: To reappoint Mr AJ König as non-executive director of the Board

Shares voted*                   For                                    Against                         Abstentions^
446 263 447                     446 263 447, being 100%                -                               1 030 021, being 0.15%
Resolution 4.b.4: To reappoint PJR Driessen as non-executive director of the Board

Shares voted*                   For                                    Against                         Abstentions^
446 263 447                     446 263 447, being 100%                -                               1 030 021, being 0.15%

Resolution 4.b.5: To reappoint Ms DT Hirschowitz as non-executive director of the Board

Shares voted*                   For                                    Against                         Abstentions^
446 263 447                     446 263 447, being 100%                -                               1 030 021, being 0.15%

Resolution 4.b.6: To reappoint Ms AP Steer as non-executive director of the Board

Shares voted*                   For                                    Against                         Abstentions^
446 263 447                     446 263 447, being 100%                -                               1 030 021, being 0.15%

Resolution 4.b.7: To reappoint Mr MM Belka as non-executive director of the Board

Shares voted*                   For                                    Against                         Abstentions^
446 263 447                     446 263 447, being 100%                -                               1 030 021, being 0.15%

Resolution 4.b.8: To reappoint Mr MW Dyjas as non-executive director of the Board

Shares voted*                   For                                    Against                         Abstentions^
446 263 447                     446 263 447, being 100%                -                               1 030 021, being 0.15%

Resolution 4.b.9: To reappoint Mr N Senman as non-executive director of the Board

Shares voted*                   For                                    Against                         Abstentions^
446 263 447                     446 263 447, being 100%                -                               1 030 021, being 0.15%

Resolution 4.b.10: To appoint Mr P Krych as non-executive director of the Board

Shares voted*                   For                                    Against                         Abstentions^
443 936 157                     443 888 032, being 99.99%              48 125, being 0.01%             3 357 311, being 0.48%

Resolution 5: To adopt dividend policy

Shares voted*                   For                                    Against                         Abstentions^
443 859 156                     443 859 156, being 100%                -                               3 434 312, being 0.49%

Resolution 6: To establish the remuneration of the non-executive directors of the Board for the 2016 and 2017 financial years

Shares voted*                   For                                    Against                         Abstentions^
420 858 889                     420 326 065, being 99.87%              532 824, being 0.13%            26 434 579, being 3.75%

Resolution 7.a: To authorise the Board to issue ordinary shares and/or grant rights to subscribe for ordinary shares

Shares voted*                   For                                    Against                         Abstentions^
420 858 889                     379 418 014, being 90.15%              41 440 875, being 9.85%         26 434 579, being 3.75%

Resolution 7.b: To authorise the Board to issue ordinary shares and/or grant rights to subscribe for ordinary shares for cash

Shares voted*                   For                                    Against                         Abstentions^
443 936 157                     402 805 160, being 90.73%              41 130 997, being 9.27%         3 357 311, being 0.48%

Resolution 8: To authorise the Board to limit or exclude pre-emption rights

Shares voted*                   For                                    Against                         Abstentions^
446 263 447                     414 864 373, being 92.96%              31 399 074, being 7.04%         1 030 021, being 0.15%
Resolution 9: To authorise the Board to acquire shares

Shares voted*                   For                                    Against                         Abstentions^
446 263 447                     421 414 701, being 94.43%              24 848 746, being 5.57%         1 030 021, being 0.15%

Resolution 10: To amend the company’s articles of association and to authorise each member of the board and each employee of
Loyens & Loeff N.V. to execute the deed of amendment

Shares voted*                   For                             Against                                Abstentions^
446 263 447                     446 263 447, being 100%         -                                      1 030 021, being 0.15%
* Excluding abstentions
^ In relation to total shares in issue

CHANGES TO THE BOARD

Shareholders are further advised that Mr M Drozd has retired from the Board with immediate effect. Mr J Baginski’s appointment to
the Board as the new chief financial officer effective 19 May 2017 was confirmed by shareholders at the annual general meeting and
Mr P Krych has been appointed as a non-executive director to the Board effective 19 May 2017.

19 May 2017


JSE Sponsor
Java Capital

LuxSE Listing Agent
M Partners


More information:


Magda Cieliczko, Marketing Director Echo Polska Properties
Mobile: +48 603 203 619
magda.cieliczko@echo-pp.com


Java Capital, JSE Sponsor
Phone: +27 11 722 3050


M Partners, LuxSE Listing Agent
Phone: +352 263 868 602


Jacques de Bie, South Africa, Investor Relations, Singular Systems IR
Mobile: +27 (0)82 691 5384

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