Wrap Text
Results of AGM and B-BBEE Annual Compliance Report
Accelerate Property Fund Limited
(Incorporated in the Republic of South Africa)
Registration number: 2005/015057/06
Share code: APF ISIN: ZAE000185815
(Approved as a REIT by the JSE)
(“Accelerate” or “the Company”)
RESULTS OF AGM AND B-BBEE ANNUAL COMPLIANCE REPORT
Results of AGM
Accelerate shareholders (“Shareholders”) are hereby advised that at the annual general meeting of Shareholders
held at 10h00 on Wednesday, 25 July 2018 (“the AGM”), all of the ordinary and special resolutions contained in
the notice of AGM 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”): 989 364 344
- Total number of issued Shares net of treasury shares: 979 796 940 (“AGM Total Voteable Shares”)
- Total number of issued Shares which were voted in person or represented by proxy: 961 443 380 Shares,
being 97,18% of the total issued Shares and 98,13% of the AGM Total Voteable Shares (“Voted Shares”).
Resolution Resolution Number of Percentage For** Against** Abstained*
Number shares voted of shares in % % %
excluding issue*
abstentions %
Ordinary resolutions
1.1 Re-election of Mr TJ 959 264 100 97,90 98,60 1,40 0,22
Fearnhead as a director
1.2 Re-election of Ms K Madikizela 959 264 100 97,90 97,88 2,12 0,22
as a director
2.1 Re-election of Mr TJ 959 264 100 97,90 98,52 1,48 0,22
Fearnhead as chairman and
member of the Audit and Risk
Committee
2.2 Re-election of Dr GC 959 264 100 97,90 100 - 0,22
Cruywagen as member of the
Audit and Risk Committee
2.3 Re-election of Ms K Madikizela 959 264 100 97,90 97,88 2,12 0,22
as member of the Audit and
Risk Committee
2.4 Re-election of Mr JRP Doidge 959 264 100 97,90 100 - 0,22
as member of the Audit and
Risk Committee
3 Re-appointment of Ernst & 959 264 100 97,90 99,35 0,65 0,22
Young as independent
external auditor
4.1 Non-binding advisory vote on 959 264 100 97,90 90,01 9,99 0,22
the Company’s remuneration
philosophy and policy
4.2 Non-binding advisory vote on 959 264 100 97,90 90,82 9,18 0,22
the Company’s remuneration
implementation report
5 To place the unissued 959 264 100 97,90 96,32 3,68 0,22
authorised ordinary shares of
the Company under the control
of the directors
6 Specific authority to issue 959 264 100 97,90 78,49 21,51 0,22
shares to afford shareholders
distribution re-investment
alternatives
7 Amendments to conditional 959 263 400 97,90 96,13 3,87 0,22
share plan
8 Signing authority of directors 959 264 100 97,90 100 - 0,22
Special resolutions
1 Approval of non-executive 959 264 100 97,90 92,75 7,25 0,22
directors’ fees
2 Financial assistance to 956 968 261 97,67 90,48 9,52 0,45
purchase or subscribe for
securities and financial
assistance to a related or inter-
related company or
corporation
3 Authority to repurchase 959 264 100 97,90 98,32 1,68 0,22
ordinary shares
4 Authority for directors to allot 959 264 100 97,90 97,56 2,44 0,22
and issue shares to Company
directors
*Based on 989 364 344 shares in issue at the date of the AGM.
**In relation to the total number of Voted Shares at the AGM.
B-BBEE Annual Compliance Report
In compliance with paragraph 16.21(g) and Appendix 1 to Section 11 of the Listings Requirements of the JSE
Limited, shareholders are advised that Accelerate’s annual compliance report in terms of section 13G(2) of the
Broad-Based Black Economic Empowerment (“B-BBEE”) Act has been submitted to the B-BBEE Commission
and is available on the Company’s website at http://acceleratepf.co.za/category/press/.
Fourways
25 July 2018
Sponsor
The Standard Bank of South Africa Limited
Date: 25/07/2018 05:42:00 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.