Background
In fully considering the different ways of meeting the minimum distribution requirements for REITs provided for in the JSE Listings Requirements (the “minimum distribution requirements”), Hyprop has taken extensive advice from its sponsor, attorneys and senior counsel, and has engaged openly with the JSE.
This process commenced in August 2020 in advance of the publication of Hyprop’s notice of the annual general meeting (“AGM”) to be held in November 2020, which notice included, inter alia, Special Resolution 4 to enable Hyprop to settle the 2020 interim distribution by crediting a shareholder loan claim, provided that such indebtedness will be capable of being applied by shareholders to subscribe for ordinary shares with no par value in the share capital of Hyprop (“shares” or “Hyprop shares”) in terms of a dividend reinvestment mechanism or the like on such basis as the directors may determine. Special Resolution 4 was passed by 98.3% of shareholders
the venue was liberty university founded by jerry falwell. kids at the university were required by the school today to go to this ted cruz event. any kid who did not show up at this event today would face a fine of $10 they have to pay to the school if they did not attend today s speech. that did ensure a very full room for senator cruz today but also led to funny visuals like these liberty university kids who clearly did not want to be fined $10 or think that anyone at the event indicated their support for ted cruz for president. their issues say stand with rand. the whole announcement was a mix of very well planned and poorly planned. it is nice to have a big room filled with thousands of people. not nice when you can tell some people have been con cryptedscripted to be there against their will. it is nice that he had a tax reference number in his speech