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Results of annual general meeting
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)
RESULTS OF ANNUAL GENERAL MEETING
Accelerate Shareholders (“Shareholders”) are hereby advised that at
the annual general meeting of Shareholders held at 10h00 on
Thursday, 28 July 2016 (“the AGM”), all of the ordinary and special
resolutions contained in the notice of AGM, forming part of the
2015 Accelerate, Annual Report, 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”): 817 444 008
* Total number of issued Shares net of treasury shares:
817 444 008 (“AGM Total Votable Shares”)
* Total number of issued Shares which were voted in person or
represented by proxy: 798 205 097 Shares, being 97.65% of the
total issued Shares and 100% of the AGM Total Votable Shares.
The total number of shares voted at the AGM, excluding
abstained Shares which are not considered to be voted shares,
amounted to 798 205 097 Shares (“Voted Shares”):
Resol Resolution Number of Percentage For*** Against Abstained
ution shares voted of *** *
%
shares in
Number % %
issue*
%
1.1 Ordinary 798 184 265 97,64 100 0 0.003
resolution Re-
election of Dr
Gert C Cruywagen
as a director
1.2 Ordinary 798 184 265 97,64 100 0 0.003
resolution Re-
election of Mr
John RP Doidge as
a director
2.1 Ordinary 798 184 265 97,64 100 0 0.003
resolution
Re-election of Mr
Timothy J
Fearnhead as
chairman and
member of the
Audit and Risk
Committee
2.2 Ordinary 798 184 265 97,64 100 0 0.003
resolution
Re-election of Dr
Gert C Cruywagen
as member of the
Audit and Risk
Committee
2.3 Ordinary 711 805 249 87,08 89.178 10.822 0.003
resolution
Re-election of Ms
Kolosa Madikizela
as member of the
Audit and Risk
Committee
3 Ordinary 798 184 265 97,64 100 0 0.003
resolution
Re-appointment of
Ernst & Young as
independent
external auditor
4 Non-binding 755 177 210 92,38 95.978 4.022 1.392
advisory vote on
the company’s
remuneration
philosophy and
report
5 Ordinary 748 656 307 91,59 93.795 6.205 0.003
resolution
To place the
unissued
authorised
ordinary shares
of the company
under the control
of the directors
6 Ordinary 784 184 265 95,93 100 0 0.003
resolution
Specific
authority to
issue shares to
afford
shareholders
distribution re-
investment
alternatives
7 Ordinary 784 184 265 95,93 100 0 0.003
resolution
Signing authority
of directors
1.1 Special 729 185 992 89,20 91.336 8.644 0.003
resolution
Approval of non-
executive
directors’ fees:
Mr Tito T Mboweni
1.2 Special 793 093 180 97,02 99.362 0.638 0.003
resolution
Approval of non-
executive
directors’ fees:
Dr Gert C
Cruywagen
1.3 Special 793 093 180 97,02 99.362 0.638 0.003
resolution
Approval of non-
executive
directors’ fees:
Mr John RP Doidge
1.4 Special 793 093 180 97,02 99.362 0.638 0.003
resolution
Approval of non-
executive
directors’ fees:
Mr Timothy J
Fearnhead
1.5 Special 793 093 180 97,02 99.362 0.638 0.003
resolution
Approval of non-
executive
directors’ fees:
Ms Kolosa
Madikizela
1.6 Special 793 093 180 97,02 99.362 0.638 0.003
resolution
Approval of non-
executive
directors’ fees:
Prof Francois
Viruly
2 Special 779 402 588 95,35 97.647 2.353 0.003
resolution
Financial
assistance to
purchase or
subscribe for
securities and
financial
assistance to a
related or inter-
related company
or corporation
3 Special 798 177 185 97,64 99.999 0.001 0.003
resolution
Authority to
repurchase
ordinary shares
4 Special 798 184 265 97,64 100 0 0.003
resolution
Amendment to
memorandum of
incorporation
*Based on 817 444 008 shares (excludes nil treasury shares) in issue at the date
of the AGM.
**Based on 817 444 008 shares (excludes nil treasury shares and nil share scheme
shares) in issue at the date of the AGM.
***In relation to the total number of shares voted at the AGM.
Based on the above results, all resolutions were passed by the
requisite majority of Accelerate shareholders present in person or
represented by proxy at the AGM.
Johannesburg
29 July 2016
Sponsor
The Standard Bank of South Africa Limited
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