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ACCELERATE PROPERTY FUND LIMITED - Results of dividend reinvestment alternative

Release Date: 14/12/2015 16:49
Code(s): APF     PDF:  
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Results of dividend reinvestment alternative

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


RESULTS OF DIVIDEND REINVESTMENT ALTERNATIVE



Shareholders are referred to the announcements released on the Stock Exchange News Service ("SENS") on 18
November 2015 and 27 November 2015 relating to the declaration and finalisation of a cash distribution for the six
months ended 30 September 2015 of 26.61692 cents (“Cash Distribution”) per Accelerate share and the dividend
reinvestment alternative (“Share Reinvestment Alternative”).

Shareholders holding 23,920,290 Accelerate shares or 3.24% of Accelerate’s issued shares qualifying to receive
the dividend elected to receive the Share Reinvestment Alternative, resulting in the issue of 994,755 new ordinary
shares of no par value and the retention of R6,366,434.11 (based on the discounted issue price of R6.40 for the
new shares net of dividend withholding tax) in new equity for Accelerate. Accordingly, a Cash Distribution of
R185,993,727.06 is payable today in respect of 714,740,760 Accelerate shares.

The Central Securities Depository Participants (“CSDP”) or broker custody accounts in respect of dematerialised
shareholders who elected to receive the Cash Distribution will be credited today and the CSDP or broker custody
accounts in respect of dematerialised shareholders who elected the Share Reinvestment Alternative will be credited
with their new shares on Thursday, 17 December 2015, in line with the adjusted settlement dates as indicated in
the aforementioned SENS announcements.


14 December 2015
Fourways



Investment Bank and Transaction Sponsor to Accelerate
Investec Bank Limited

Date: 14/12/2015 04:49:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
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