ACCELERATE PROPERTY FUND LIMITED - Results of AGM and B-BBEE Annual Compliance Report

Release Date: 25/07/2018 17:42
Code(s): APF
 
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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

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