COMPANY ANNOUNCEMENT FOR IMMEDIATE RELEASE
24 JANUARY 2020
REINET EXTRAORDINARY GENERAL MEETING OF SHAREHOLDERS APPROVES REVISIONS TO THE TERMS OF THE PROSPECTUS
An Extraordinary General Meeting (the ‘Meeting’) of Reinet Investments S.C.A. (the ‘Company’) was held in Luxembourg today to approve proposed revisions to the investment guidelines of Reinet Fund S.C.A., F.I.S. (‘Reinet Fund’), which were originally described in the prospectus of the Company issued at the time of the reorganisation of the Company and the listing of its shares in 2008 and subsequently amended in 2012 with the approval of a general meeting of shareholders of the Company.
The Meeting also considered the deletion of the paragraph “Limits on Illiquid Securities” restricting investments in illiquid securities to no more than 50 per cent of the net assets of Reinet Fund.
At the Meeting, a total of 137 729 895 ordinary shares and all the 1 000 management shares were present or represented by proxy, representing 74.74% of the total voting rights at the record date (10 January 2020) of 184 290 891, being the total shares in issue (195 942 286) less the treasury shares (11 651 395), the voting rights attached to which are suspended. Of the shares present or represented, 99.97% voted in support of the two proposed resolutions relating to i) the amendment of the investment guidelines and ii) the removal of the limits on illiquid securities.
Commenting on the outcome of the meeting, Mr van Zyl, who acted as the Chairman of the Meeting, said:
“Our philosophy is to find and invest in assets that offer long-term growth potential. It is therefore important that Reinet have the flexibility to manage the size of and further investment in certain key investments, which will remain a feature of the portfolio. Having obtained shareholder approval at today's Meeting allows Reinet Fund to expand its exposure to certain key assets as required, which will be in the long term interest of the Company’s shareholders. We thank shareholders for their strong support in this regard.”
Reinet Investments Manager S.A.
for and on behalf of Reinet Investments S.C.A.
Reinet Investments S.C.A. (the ‘Company’) is a partnership limited by shares incorporated in the Grand Duchy of Luxembourg and having its registered office at 35, boulevard Prince Henri, L-1724 Luxembourg. It is governed by the Luxembourg law on Securitisation and in this capacity allows its shareholders to participate indirectly in the portfolio of assets held by its wholly-owned subsidiary Reinet Fund S.C.A., F.I.S. (‘the Fund’), a specialised investment fund also incorporated in Luxembourg. The Company’s ordinary shares are listed on the Luxembourg Stock Exchange, Euronext Amsterdam and the Johannesburg Stock Exchange, the listing on the Johannesburg Stock Exchange is a secondary listing. The Company’s ordinary shares are included in the 'LuxX' index of the principal shares traded on the Luxembourg Stock Exchange. The Company and the Fund together with the Fund’s subsidiaries are referred to as ‘Reinet’.
Cautionary statement regarding forward-looking statements
This document contains forward-looking statements which reflect the current views and beliefs of the Board, as well as assumptions made by them and information currently available to them. Words such as ‘may’, ‘should’, ‘estimate’, ‘project’, ‘plan’, ‘believe’, ‘expect’, ‘anticipate’, ‘intend’, ‘potential’, ‘goal’, ‘strategy’, ‘target’, ‘will’, ‘seek’ and similar expressions may identify forward-looking statements. Such forward-looking statements are not guarantees of future performance. Actual results may differ materially from the forward-looking statements as a result of a number of risks and uncertainties, many of which are outside Reinet’s control. The Company does not undertake to update, nor does it have any obligation to provide updates or to revise, any forward-looking statements.
Reinet Investments S.C.A.
R.C.S. Luxembourg B 16.576
Legal Entity Identifier : 222100830RQTFVV22S80
Registered office: 35, boulevard Prince Henri, L-1724 Luxembourg, Tel. (+352) 22 42 10, Fax (+352) 22 72 53