ACCELERATE PROPERTY FUND LIMITED - Finalisation Announcement and Results of the General Meeting

Finalisation Announcement and Results of the General Meeting

ACCELERATE PROPERTY FUND LIMITED
(Incorporated in the Republic of South Africa)
Registration Number: 2005/015057/06
LEI: 378900D514788C447E45
Share Code: APF ISIN: ZAE000185815
Bond code: APFE
("the Company" or "APF")
(Approved as a REIT by the JSE)


NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED
STATES, AUSTRALIA, CANADA, HONG KONG, JAPAN OR ANY OTHER JURISDICTION WHERE EXTENSION OR
MAKING THE RIGHTS OFFER WOULD BE UNLAWFUL OR IN CONTRAVENTION OF APPLICABLE LAW. THIS
ANNOUNCEMENT DOES NOT CONSTITUTE OR FORM AN OFFER OF SECURITIES IN THE UNITED STATES OR
ANY OTHER JURISDICTION


FINALISATION ANNOUNCEMENT AND RESULTS OF THE GENERAL MEETING

1.    INTRODUCTION
      1.1   Shareholders of APF ("Shareholders") are referred to the announcement published on SENS
            on Friday, 30 May 2025 ("Declaration Announcement") wherein Shareholders were advised
            of APF's intention to raise R100 million by way of a fully underwritten renounceable rights
            offer ("Rights Offer") to qualifying Shareholders ("Qualifying Shareholders"), of 250 000 000
            ordinary shares issued at R0.40 per share ("Rights Offer Shares") in the authorised share
            capital of APF ("APF Shares"), in the ratio of 13,92374 Rights Offer Shares for every 100 APF
            Shares held at the close of business on Friday, 11 July 2025.
      1.2     Shareholders are advised that:
            -      the Company has now received all necessary Shareholder and board approvals and
                   accordingly the Rights Offer and underwriting agreement have become
                   unconditional;
            -      the Company has received formal approval of the Rights Offer Circular ("Circular")
                   from the Issuer Regulation Division of the JSE Limited and all conditions have been
                   fulfilled;
            -      250 000 000 ordinary shares are intended to be issued at R0.40 per share, in the
                   authorised share capital of APF and based on the current APF share register,
                   ordinary shares will be issued in the ratio of 13,92374 Rights Offer Shares for every
                   100 APF Shares held at the close of business on Friday, 11 July 2025; and
               -     there have been no changes to the salient terms of the Rights Offer and to the
                     salient dates and times in relation to the Rights Offer, as announced in the
                     Declaration Announcement.
        1.3    Accordingly, the Rights Offer will be implemented in accordance with the terms and the
               salient dates and times contained in the Declaration Announcement and included in the
               Circular.


2.      RESULTS OF THE GENERAL MEETING

        Details of the results of voting at the general meeting are as follows:
        -      Total number of issued ordinary shares ("Shares"): 1,840,323,952
        -      Total number of issued Shares net of treasury shares: 1,795,494,922 ("Total Voteable
               Shares")
        -      Total number of issued Shares which were voted in person or represented by proxy: 1
               304 283 098 Shares, being 70,87% of the total issued Shares and 72,64% of the Total
               Voteable Shares ("Voted Shares").


 Special resolution number 1: Authority pursuant to sections 41(1)
     Number of shares      Percentage of      For**                 Against**          Abstained*
     voted                 Total Voteable
                           Shares*
     1 304 283 098         72,64%             1 304 227 740         12 358             43 000
                                              (100,00%)             (0,00%)            (0,00%)


 *  In relation to the 1,795,494,922 Total Voteable Shares.
 ** In relation to the 1 304 283 098 shares present/represented by proxies at the GM.


The rights offer circular is available on the APF website:
https://www.acceleratepf.co.za/investorcentre/#Circulars




 Fourways
 1 July 2025


 Corporate Advisor and Transaction Sponsor: Bravura Capital (Pty) Limited

Date: 01-07-2025 05:20:00
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