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Results of AGM
ACCELERATE PROPERTY FUND LIMITED
(Incorporated in the Republic of South Africa)
(Registration No 2005/015057/06)
JSE code: APF ISIN code: ZAE000185815
Bond company code: APFE
LEI: 378900D514788C447E45
(REIT status approved)
("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 Friday 1 September 2023 (“the AGM”), all ordinary and 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”): 1,340,323,952
• Total number of issued Shares net of treasury shares: 1,295,868,398 (“AGM total voteable
shares”)
• Total number of issued Shares which were voted in person or represented by proxy:
1,058,934,780 Shares, being 79.0% of the total issued Shares and 81.7% 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 Mr TT 1,058,934,780 79.01 100.00 0.00 0.00
Mboweni
1.2 Re-election of Mr JF van 858,216,049 64.03 100.00 0.00 14.98
der Merwe
1.3 Re-Election of Mr MN 858,216,049 64.03 100.00 0.00 14.98
Georgiou
1.3 Re-Election of Mr AM 868,640,405 64.81 100.00 0.00 14.20
Schneider
1.3 Re-Election of Ms M de 979,929,031 73.11 100.00 0.00 5.89
Lange
2.1 Re-election of Mr JF 969,495,268 72.33 88.52 11.48 6.67
(Derick) van der
Merwe as chairman
and member of the
Audit and Risk
Committee
2.2 Re-election of Ms K 947,652,561 70.70 100.00 0.00 8.30
Madikizela as member
of the Audit and Risk
Committee
2.3 Re-election of Mr AM 947,652,561 70.70 100.00 0.00 8.30
Mawela as member of
the Audit and Risk
Committee
2.4 Re-election of Mr JWA 947,652,561 70.70 99.27 0.73 8.30
Templeton as member
of the Audit and Risk
Committee
3 Appointment of 1,058,931,780 79.01 100.00 0.00 0.00
PricewaterhouseCoopers
Incorporated as
independent external
auditor
Resolution Resolution Number of Percentage For** Against** Abstained*
Number shares voted of voteable % % %
shares*
4.1 Non-binding advisory 1,058,931,780 79.01 89.49 10.51 0.00
vote on the company’s
remuneration policy
4.2 Non-binding advisory 1,058,931,780 79.01 89.49 10.51 0.00
vote on the company’s
remuneration
implementation report
5 To place the unissued 1,058,931,780 79.01 81.04 18.96 0.00
authorised ordinary
shares of the company
under the control of the
directors
6 Specific authority to 947,652,561 70.70 100.00 0.00 8.30
issue shares to afford
shareholders distribution
reinvestment
alternatives
7 To receive and accept 947,652,561 70.70 100.00 0.00 8.30
the report of the social,
ethics and
transformation
committee
Special resolutions
1 Approval of non-
executive directors’
fees
1.1 Board Chairman 1,058,934,780 79.01 88.83 11.17 0.00
1.2 Board Member 1,058,934,780 79.01 88.83 11.17 0.00
1.3 Lead independent 1,058,934,780 79.01 81.04 18.96 0.00
Director
Resolution Resolution Number of Percentage For** Against** Abstained*
Number shares voted of voteable % % %
shares*
1.4 Audit and Risk 1,058,934,780 79.01 89.49 10.51 0.00
committee Chairman
1.5 Audit and Risk 1,058,934,780 79.01 89.49 10.51 0.00
Committee member
1.6 Remuneration 1,058,934,780 79.01 89.49 10.51 0.00
Committee Chairman
1.7 Remuneration 1,058,934,780 79.01 89.49 10.51 0.00
Committee Member
1.8 Nominations 1,058,934,780 79.01 89.49 10.51 0.00
committee Chairman
1.9 Nominations 1,058,934,780 79.01 89.49 10.51 0.00
Committee Member
1.10 Social, Ethics and 1,058,934,780 79.01 89.49 10.51 0.00
Transformation
Committee Chairman
1.11 Social, Ethics and 1,058,934,780 79.01 89.49 10.51 0.00
Transformation
Committee Member
1.12 Investment Committee 1,058,934,780 79.01 89.49 10.51 0.00
Chairman
1.13 Investment Committee 1,058,934,780 79.01 89.49 10.51 0.00
Member
2 Authority to repurchase 1,058,934,780 79.01 99.99 0.01 0.00
ordinary shares
*In relation to the 1,295,868,398 voteable shares.
**In relation to the 1,058,934,780 shares voted at the AGM.
Fourways
1 September 2023
Equity Sponsor
The Standard Bank of South Africa Limited
Debt Sponsor
Rand Merchant Bank, a division of FirstRand Bank Limited
Date: 01-09-2023 04:39:00
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