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Results of dividend re-investment 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 RE-INVESTMENT ALTERNATIVE
Shareholders are referred to the announcements released on the Stock Exchange News Service
("SENS") on 27 June 2016 and 12 July 2016 relating to the declaration and finalisation of a cash
distribution for the six months ended 31 March 2016 of 27.05277 cents (“Cash Distribution”) per
Accelerate share and the dividend re-investment alternative (“Share Re-investment Alternative”).
Shareholders holding 364,042,220 Accelerate shares or 48.46% of Accelerate’s issued shares
qualifying to receive the distribution elected to receive the Share Re-investment Alternative, resulting
in the issue of 16,784,593 new ordinary shares of no par value and the retention of R98,358,783.56
(based on the discounted issue price of R5.86 for the new shares net of dividend withholding tax) in
new equity for Accelerate. Accordingly, a Cash Distribution of R104,735,187.26 is payable today in
respect of 387,151,435 Accelerate shares.
Dividend cheques in respect of certificated shareholders who elected to receive the Cash Distribution
were posted today and share certificates in respect of certificated shareholders who elected the Share
Re-investment Alternative will be posted on Wednesday, 27 July 2016, to such certificated
shareholders at their risk. 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 Re-investment Alternative will be credited with their new shares
on Wednesday, 27 July 2016, in line with the settlement dates as indicated in the aforementioned
SENS announcements.
Fourways
25 July 2016
Investment Bank and Transaction Sponsor
Investec Bank Limited
Sponsor
The Standard Bank of South Africa Limited
Date: 25/07/2016 03:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
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,
information disseminated through SENS.
