Vicinity Limited Constitution

For personal use only

10 November 2021

Market Announcements Office

Australian Securities Exchange

Exchange Centre

20 Bridge Street

SYDNEY NSW 2000

Dear Sir/Madam

Constitution of Vicinity Limited

In accordance with ASX Listing Rule 15.4.2, please find attached the current constitution of Vicinity Limited incorporating the general amendments approved by securityholders at the Annual General Meeting held today.

Authorised for lodgement by:

Rohan Abeyewardene

Group Company Secretary

Vicinity Centres
National Office		Vicinity Limited ABN 90 114 757 783
Level 4, Chadstone Tower One		and Vicinity Centres RE Ltd
1341 Dandenong Road	T [phone]	ABN 88 149 781 322
PO Box 104	F [phone]	As responsible entity for:
Chadstone VIC 3148	vicinity.com.au	Vicinity Centres Trust ARSN 104 931 928

For personal use only

Constitution

Vicinity Limited

ACN 114 757 783

Adopted on 10 November 2021

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Contents

1	Preliminary	5
	1.1	Definitions and interpretation.....................................................................................	5
	1.2	Application of the Act, Listing Rules and ASX Settlement Operating Rules .............	8
	1.3	Exercising powers .....................................................................................................	9

2	Issue of Shares	10
	2.1	Shares .....................................................................................................................	10
	2.2	Special rights ...........................................................................................................	10
	2.3	Partly paid Shares ...................................................................................................	11
	2.4	Issue price of Shares...............................................................................................	11
	2.5	Preference shares ...................................................................................................	11
	2.6	Effect of allotment on class rights............................................................................	12
	2.7	Equitable and other claims ......................................................................................	12
	2.8	Entitlement to certificates ........................................................................................	13
	2.9	Joint holders of Shares............................................................................................	13
	2.10	Variation of class rights ...........................................................................................	13
	2.11	Conversion or reclassification of Shares .................................................................	14

3	Issue of Options	14
	3.1	Issue of Options.......................................................................................................	14
	3.2	Effect of Stapling .....................................................................................................	14
4	Alteration of Share capital	15
	4.1	Reduction of capital .................................................................................................	15
	4.2	Alteration of Share capital .......................................................................................	15
	4.3	Effect of Stapling .....................................................................................................	15
5	Calls, forfeiture, indemnities, lien and surrender	15
	5.1	Calls.........................................................................................................................	15
	5.2	Effect of Stapling .....................................................................................................	16
	5.3	Proceedings to recover calls ...................................................................................	16
	5.4	Payments in advance of calls ..................................................................................	17
	5.5	Forfeiting partly paid Shares ...................................................................................	17
	5.6	Members' indemnity ................................................................................................	18
	5.7	Lien on Shares ........................................................................................................	19
	5.8	Surrender of Shares ................................................................................................	20
	5.9	Sale, reissue or other disposal of Shares by the Company ....................................	20
	5.10	Interest payable by Member ....................................................................................	21
6	Transfer and transmission of Shares	21
	6.1	Transferring Shares.................................................................................................	21
	6.2	Effect of Stapling .....................................................................................................	22
	6.3	Power to decline to register transfers......................................................................	23
	6.4	Power to suspend registration of transfers..............................................................	23
	6.5	Procedure for sale of non-marketable parcels of Shares........................................	23
	6.6	Other sales of non-marketable parcels of Shares ...................................................	24
	6.7	Restricted securities ................................................................................................	24
	6.8	Transmission of Shares...........................................................................................	25
	6.9	Effect of Stapling .....................................................................................................	26
7	Stapled Security Register	26
8	General meetings	26
	8.1	Calling general meetings .........................................................................................	26
	8.2	Notice of general meetings......................................................................................	27
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	8.3	Admission to general meetings ...............................................................................	27
	8.4	Quorum at general meetings ...................................................................................	28
	8.5	Chairperson of general meetings ............................................................................	29
	8.6	Conduct at general meetings ..................................................................................	29
	8.7	Decisions at general meetings ................................................................................	30
	8.8	Voting rights.............................................................................................................	31
	8.9	Representation at general meetings .......................................................................	33
	8.10	Effect of Stapling .....................................................................................................	36
	8.11	Form of Direct Vote .................................................................................................	36
	8.12	Validity of Direct Votes ............................................................................................	37
9	Directors	38
	9.1	Appointment and retirement of Directors.................................................................	38
	9.2	Vacating office .........................................................................................................	39
	9.3	Remuneration ..........................................................................................................	39
	9.4	Director need not be a Member...............................................................................	41
	9.5	Directors may contract with the Company and hold other offices ...........................	41
	9.6	Powers and duties of the Board ..............................................................................	42
	9.7	Proceedings of Directors .........................................................................................	43
	9.8	Calling meetings of the Board .................................................................................	43
	9.9	Quorum at meetings of Board .................................................................................	44
	9.10	Chairperson and deputy chairperson of the Board .................................................	44
	9.11	Decisions of the Board ............................................................................................	44
	9.12	Written resolutions ...................................................................................................	45
	9.13	Alternate Directors...................................................................................................	45
	9.14	Delegation by the Board ..........................................................................................	46
	9.15	Validity of acts .........................................................................................................	47
10	Executive officers	47
	10.1	Managing Directors and executive Directors ..........................................................	47
	10.2	Secretary .................................................................................................................	47
	10.3	Provisions applicable to all executive officers .........................................................	47
11	Indemnity and insurance	48
	11.1	Persons to whom rules 11.2 and 11.4 apply ...........................................................	48
	11.2	Indemnity .................................................................................................................	48
	11.3	Extent of indemnity ..................................................................................................	48
	11.4	Insurance .................................................................................................................	48
	11.5	Savings ....................................................................................................................	49
	11.6	Deed ........................................................................................................................	49
12	Seals	49
	12.1	Using the seal..........................................................................................................	49
	12.2	Seal register ............................................................................................................	49
13	Distribution of profits	49
	13.1	Dividends .................................................................................................................	49
	13.2	Capitalising profits ...................................................................................................	52
	13.3	Ancillary powers ......................................................................................................	53
	13.4	Reserves .................................................................................................................	54
	13.5	Carrying forward profits ...........................................................................................	54
	13.6	Share investment plan.............................................................................................	54
	13.7	Dividend selection plans..........................................................................................	54
14	Winding up	55
	14.1	Distributing surplus ..................................................................................................	55
	14.2	Dividing property......................................................................................................	55

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15	Inspection of and access to records	56
16	Notices	56
	16.1	Notices by the Company to Members .....................................................................	56
	16.2	Notices by the Company to Directors......................................................................	57
	16.3	Notices by Directors to the Company ......................................................................	58
	16.4	Time of service ........................................................................................................	58
	16.5	Other communications and documents...................................................................	58
	16.6	Written notices .........................................................................................................	58
17	Stapling	58
	17.1	Stapling....................................................................................................................	58
	17.2	Ability of the Board to Staple ...................................................................................	59
	17.3	Issue of Stapled Securities required........................................................................	59
	17.4	Paramountcy of Stapling .........................................................................................	59
	17.5	Unstapling Date .......................................................................................................	59
	17.6	Variation of Stapling provisions ...............................................................................	60
18	Capital Reallocation	60
19	General	60
	19.1	Submission to jurisdiction ........................................................................................	60
	19.2	Prohibition and enforceability ..................................................................................	60
20	Transitional provisions	61
21	Partial Takeovers	61

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