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Results of AGM
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
Accelerate shareholders (“Shareholders”) are hereby advised that at the annual general meeting of Shareholders
held at 10:00 on Tuesday, 28 September 2021 (“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”): 1 002 245 195
• Total number of issued Shares net of treasury shares: 992 677 791 (“AGM total voteable shares”)
• Total number of issued Shares which were voted in person or represented by proxy: 730 158 275 Shares,
being 73% of the total issued Shares and 74% of the AGM Total Voteable Shares (“Voted Shares”).
Resolution Resolution Number of Percentage For** Against** Abstained*
Number shares voted of voteable % % %
shares*
%
Ordinary resolutions
1 Presentation of the annual NO VOTE REQUIRED
financial statements
2.1 Re-election of Associate Prof. 729 883 992 73,53 99,50 0,50 0,03
FM Viruly as a director
2.2 Re-election of Mr JF (Derick) 729 883 992 73,53 100,00 0,00 0,03
van der Merwe as a director
3.1 Re-election of Mr JF (Derick) 729 883 992 73,53 100,00 0,00 0,03
van der Merwe as chairman
and member of the Audit and
Risk Committee
3.2 Re-election of Ms K Madikizela 729 883 992 73,53 100,00 0,00 0,03
as member of the Audit and
Risk Committee
3.3 Re-election of Mr AM Mawela 729 883 992 73,53 100,00 0,00 0,03
as member of the Audit and
Risk Committee
4 Re-appointment of Ernst & 729 883 992 73,53 100,00 0,00 0,03
Young as independent
external auditor
5.1 Non-binding advisory vote on 729 883 992 73,53 99,45 0,55 0,03
the Company’s remuneration
policy
5.2 Non-binding advisory vote on 729 883 992 73,53 99,45 0,55 0,03
the Company’s remuneration
implementation report
6 To place the unissued 729 883 992 73,53 84,78 15,21 0,03
authorised ordinary shares of
the Company under the control
of the directors
7 Specific authority to issue 729 883 992 73,53 100,00 0,00 0,03
shares to afford shareholders
distribution re-investment
alternatives
8 To receive and accept the 729 883 992 73,53 100,00 0,00 0,03
report of the Social, Ethics and
Transformation Committee
Special resolutions
1 Approval of non-executive
directors’ fees
- TJ Fearnhead 729 883 992 73,53 98,32 1,68 0,03
- K Madikizela 729 883 992 73,53 98,32 1,68 0,03
- AM Mawela 729 883 992 73,53 98,32 1,68 0,03
- JF van der Merwe 729 883 992 73,53 98,32 1,68 0,03
- FM Viruly 729 883 992 73,53 98,32 1,68 0,03
2 Financial assistance to 729 643 992 73,50 99,27 0,73 0,05
purchase or subscribe for
securities and financial
assistance to a related or
interrelated company or
corporation
3 Authority to repurchase 729 611 842 73,50 99,98 0,02 0,06
ordinary shares
4 Authority for directors to allot 729 801 842 73,52 84,32 15,68 0,04
and issue shares to Company
directors
*In relation to the 992 677 791 voteable shares.
**In relation to the 730 158 275 shares voted at the AGM.
Fourways
29 September 2021
Sponsor
The Standard Bank of South Africa Limited
Date: 29-09-2021 05:35:00
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