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ACCELERATE PROPERTY FUND LTD - Grant and acceptance of awards and dealing in securities by directors and an associate of a director

Release Date: 19/09/2014 08:30
Code(s): APF     PDF:  
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Grant and acceptance of awards and dealing in securities by directors and an associate of a director

Accelerate Property Fund Limited
Incorporated in the Republic of South Africa
Registration number 2005/015057/06
Share code: APF ISIN: ZAE000185815
(“Accelerate” or “the company”)
(Approved as a REIT by the JSE)

Grant and acceptance of awards in terms of the conditional share
plan and dealing in securities by directors and an associate of a
director

In compliance with section 3.63 to 3.66 of the Listings Requirements
of the JSE Limited (“Listings Requirements”), Accelerate hereby
advises its shareholders (“Shareholders”) of the information
pertaining to the award (“the Award”) and acceptance thereof, by
executive directors of the Company, of conditional rights to
ordinary shares in the share capital of Accelerate (“Shares”) in
terms of the rules of the Conditional Share Plan (“the Plan”).

The Award comprises an award of:

  - conditional rights to Shares, the vesting of which is subject
    to the fulfilment of the employment condition and performance
    condition(s) as specified in the award letter (“Performance
    Shares”); and
  - top up award Shares, comprising of both conditional rights to
    Shares, the vesting of which is subject to the fulfilment of
    the employment condition, as specified in the award letter
    (“Retention Shares”), and Performance Shares (collectively,
    “Top Up Award Shares”).

The salient features of the Plan are set out in Annexure 9 to the
notice of annual general meeting 2014.

The information relating to dealing in Accelerate shares by a
director or an associate of a director of the Company is disclosed
as follows:

Name of director:                  Andrew Costa
Name of company:                   Accelerate Property Fund Limited
Name of associate:                 AC Investment Trust
Associate relationship:            Andrew Costa is a trustee and
                                   beneficiary of the AC Investment
                                   Trust
Nature of transaction:             Off-market acceptance of an award
                                   of Performance Shares and Top Up
                                   Award Shares
Date of acceptance of award:       18 September 2014
Number of shares:                  Allocation of Top Up Award Shares:
                                    - 414,594 Performance Shares
                                      (Vesting date: 11 August 2017)
                                    - 466,418 Performance Shares
                                      (Vesting date: 11 August 2018)
                                    - 252,118 Retention Shares
                                      (Vesting date: 11 August 2017)
                                    - 278,458 Retention Shares
                                      (Vesting date: 11 August 2018)
                                   Allocation of Performances Shares:
                                  -   829,187 Performance Shares
                                      (Vesting date: 11 August 2017)
Class of shares:                  Ordinary shares
Price per share:                  N/A
Total value of the transaction:   N/A
Extent of interest:               Indirect beneficial


Name of director:                 Dimitri Kyriakides
Name of company:                  Accelerate Property Fund Limited
Nature of transaction:            Off-market acceptance of an award
                                  of Performance Shares and Top Up
                                  Award Shares
Date of acceptance of award:      18 September 2014
Number of shares:                 Allocation of Top Up Award Shares:
                                   - 51,824 Performance Shares
                                     (Vesting date: 11 August 2017)
                                   - 58,302 Performance Shares
                                     (Vesting date: 11 August 2018)
                                   - 31,515 Retention Shares
                                     (Vesting date: 11 August 2017)
                                   - 34,807 Retention Shares
                                     (Vesting date: 11 August 2018)
                                  Allocation of Performances Shares:
                                   - 352,405 Performance Shares
                                      (Vesting date: 11 August 2017)
Class of shares:                  Ordinary shares
Price per share:                  N/A
Total value of the transaction:   N/A
Extent of interest:               Direct beneficial


Name of director:                 John Paterson
Name of company:                  Accelerate Property Fund Limited
Nature of transaction:            Off-market acceptance of an award
                                  of Performance Shares and Top Up
                                  Award Shares
Date of acceptance of award:      18 September 2014
Number of shares:                 Allocation of Top Up Award Shares:
                                   - 207,297 Performance Shares
                                     (Vesting date: 11 August 2017)
                                   - 233,209 Performance Shares
                                     (Vesting date: 11 August 2018)
                                   - 126,029 Retention Shares
                                     (Vesting date: 11 August 2017)
                                   - 139,229 Retention Shares
                                     (Vesting date: 11 August 2018)
                                  Allocation of Performances Shares:
                                   - 414,594 Performance Shares
                                      (Vesting date: 11 August 2017)
Class of shares:                  Ordinary shares
Price per share:                  N/A
Total value of the transaction:   N/A
Extent of interest:               Direct beneficial


Clearance for these transactions was provided in terms of section
3.66 of the Listings Requirements.

Johannesburg
19 September 2014

Sponsor
KPMG Services (Pty) Limited

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