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Results of Annual General Meeting
Accelerate Property Fund Limited
(Incorporated in the Republic of South Africa)
Registration number: 2005/015057/06
Share code: APF ISIN: ZAE000185815
(Approved as a REIT by the JSE)
(“Accelerate” or “the Company”)
RESULTS OF AGM
Accelerate shareholders (“Shareholders”) are hereby advised that at the annual general meeting of Shareholders
held at 10:00 on Wednesday 3 August 2022 (“the AGM”), all of the ordinary and two of the special resolutions
contained in the notice of AGM were passed by the requisite majority of votes of Shareholders present in person
or represented by proxy at the AGM.
Details of the results of voting at the AGM are as follows:
• Total number of issued ordinary shares (“Shares”): 1,268,895,381
• Total number of issued Shares net of treasury shares: 1,224,439,827 (“AGM total voteable shares”)
• Total number of issued Shares which were voted in person or represented by proxy: 896,808,680 Shares,
being 71% of the total issued Shares and 73% of the AGM Total Voteable Shares (“Voted Shares”).
Resolution Resolution Number of Percentage For** Against** Abstained*
Number shares voted of voteable % % %
shares*
%
Ordinary resolutions
1 Re-election of Directors
Retiring at the AGM
1.1 Re-election of 896,108,362 73.19 100 0.00 0.06
Ms K Madikezela
1.2 Re-election of Mr A Mawela 896,108,362 73.19 100 0.00 0.06
1.3 Re-Election of Mr TT Mboweni 896,108,362 73.19 100 0.00 0.06
1.4 Re- Election of 896,108,362 73.19 99.96 0.04 0.06
Mr JWA Templeton
2.1 Re-election of Mr JF (Derick) 896,108,362 73.19 100 0.00 0.06
van der Merwe as chairman
and member of the Audit and
Risk Committee
2.2 Re-election of Ms K Madikizela 896,108,362 73.19 100 0.00 0.06
as member of the Audit and
Risk Committee
2.3 Re-election of Mr AM Mawela 896,108,362 73.19 100 0.00 0.06
as member of the Audit and
Risk Committee
2.4 Re-election of Mr JWA 896,108,362 73.19 99.71 0.29 0.06
Templeton as member of the
Audit and Risk Committee
3 Re-appointment of Ernst & 896,108,362 73.19 100 0.00 0.06
Young as independent
external auditor
4.1 Non-binding advisory vote on 896,108,362 73.19 99.88 0.12 0.06
the Company’s remuneration
policy
4.2 Non-binding advisory vote on 896,108,362 73.19 99.75 0.25 0.06
the Company’s remuneration
implementation report
5 To place the unissued 896,108,362 73.19 87.19 12.81 0.06
authorised ordinary shares of
the Company under the control
of the directors
6 Specific authority to issue 896,046,127 73.18 87.67 12.33 0.06
shares to afford shareholders
distribution re-investment
alternatives
7 To receive and accept the 896,108,362 73.19 100 0.00 0.06
report of the Social, Ethics and
Transformation Committee
Special resolutions
1 Approval of non-executive
directors’ fees
1.1 Board Chairman 896,108,362 73.19 98.39 1.61 0.06
1.2 Board Member 896,108,362 73.19 98.39 1.61 0.06
1.3 Lead independent Director 896,108,362 73.19 98.68 1.32 0.06
1.4 Audit and Risk committee 896,108,362 73.19 98.39 1.61 0.06
Chairman
1.5 Audit and Risk Committee 896,108,362 73.19 98.39 1.61 0.06
Chairman
1.6 Remuneration Committee 896,108,362 73.19 98.38 1.62 0.06
Chairman
1.7 Remuneration Committee 896,108,362 73.19 98.38 1.62 0.06
Member
1.8 Nominations committee 896,108,362 73.19 98.39 1.61 0.06
Chairman
1.9 Nominations Committee 896,108,362 73.19 98.39 1.61 0.06
Member
1.10 Social, Ethics and 896,108,362 73.19 98.39 1.61 0.06
Transformation Committee
Chairman
10.11 Social, Ethics and 896,108,362 73.19 98.39 1.61 0.06
Transformation Committee
Member
1.12 Investment Committee 896,108,362 73.19 98.39 1.61 0.06
Chairman
1.13 Investment Committee 896,108,362 73.19 98.39 1.61 0.06
Member
1.14 Sustainability and 896,108,362 73.19 98.60 1.40 0.06
Environmental Committee
Chairman
1.15 Sustainability and 896,108,362 73.19 98.60 1.40 0.06
Environmental Committee
Member
1.16 Ad Hoc Work Daily Tariff 896,108,362 73.19 98.57 1.43 0.06
2 Financial assistance to 896,108,362 73.19 58.77 41.23 0.06
purchase or subscribe for
securities and financial
assistance to a related or
interrelated company or
corporation
3 Authority to repurchase 896,108,362 73.19 100 0.00 0.06
ordinary shares
4 Authority for directors to allot 896,108,362 73.19 46.05 53.95 0.06
and issue shares to Company
directors
*In relation to the 1,224,439,827 voteable shares.
**In relation to the 896,808,680 shares voted at the AGM.
Fourways
4 August 2022
Sponsor
The Standard Bank of South Africa Limited
Date: 04-08-2022 03:15:00
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