Wrap Text
Distribution of circular and notice of general meeting
ACCELERATE PROPERTY FUND LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 2005/015057/06)
JSE Share code: APF
ISIN: ZAE000185815
Bond company code: APFE
LEI: 378900D514788C447E45
(Listed in the General Segment)
(REIT status approved)
(“Accelerate” or “the Company”)
DISTRIBUTION OF CIRCULAR AND NOTICE OF GENERAL MEETING
Unless otherwise defined herein, capitalised words and terms contained in this announcement shall
bear the meanings ascribed thereto in the Circular (defined below).
1. INTRODUCTION
1.1. Accelerate Shareholders are referred to the announcement released on SENS on Monday,
28 September 2026 (“Announcement”), in terms of which Shareholders were advised that
the Company, Azrapart, duly represented by Piers Michael Marsden N.O. and Lance
Schapiro N.O. in their capacities as the duly appointed joint business rescue practitioners
of Azrapart (“BRPs”), F&G and Luvon had entered into a new Property, Development and
Asset Management Services Agreement (“New PMA”) in order to, inter alia, regularise the
appointment of F&G and Luvon as the Asset, Development and Property Manager of the
properties and letting enterprises that make up Fourways Mall (“Properties and Letting
Enterprises”), subject to, inter alia, the approval of Shareholders in accordance with the
JSE Listings Requirements.
1.2. The Announcement further advised, inter alia, that –
1.2.1. the New PMA provides for the Potential Disposal and the Call Option, which are both
treated as category 1 Related Party transactions in terms of the JSE Listings
Requirements, which require the approval of Shareholders; and
1.2.2. the Company had, together with the New PMA, entered into the Co-Ownership
Amendment Agreement and the New Exco Agreement, neither of which requires
Shareholder approval in terms of the JSE Listings Requirements.
1.3. Shareholders are hereby advised that, subsequent to the release of the Announcement,
the Company has elected, on a voluntary basis and for the sake of good corporate
governance and transparency, to also seek Shareholder approval for the entry into by the
Company of the Co-Ownership Amendment Agreement and the New Exco Agreement.
2. DISTRIBUTION OF THE CIRCULAR
2.1. The circular setting out the terms and conditions of the New PMA (including the Potential
Disposal and the Call Option), the Co-Ownership Amendment Agreement and the New
Exco Agreement, and incorporating a notice of general meeting of Shareholders
(“Circular”), was distributed to Shareholders today, Friday, 13 November 2026.
2.2. Shareholders are advised to review the Circular in full for detailed information regarding
the New PMA (including the Potential Disposal and the Call Option), the Co-Ownership
Amendment Agreement and the New Exco Agreement.
2.3. Shareholders can also obtain and/or view copies of the Circular as follows –
2.3.1. by accessing an electronic copy of the Circular on the Company’s website, available at
https://acceleratepf.co.za/investor-centre/circulars/;
2.3.2. by viewing a copy of the Circular at the registered office of Accelerate or at the office of
its Transaction Sponsor, Valeo Capital; and
2.3.3. by contacting the Company Secretary, Margi Pinto, at margi@acceleratepf.co.za to
view an electronic copy of the Circular through a secure electronic manner.
3. NOTICE OF GENERAL MEETING
The Circular incorporates the Notice of General Meeting and accordingly notice is hereby
given that the General Meeting will be held in person at 10:00 on Monday, 14 December 2026
in the main boardroom at Accelerate’s registered office at Cedar Square Shopping Centre,
Management Office, 1st Floor, Corner Willow Avenue and Cedar Road, Fourways,
Johannesburg (which will be accessible by electronic communication), to consider and, if
deemed fit, to pass, with or without modification, the Resolution.
4. SALIENT DATES AND TIMES
The salient dates and times relating to the General Meeting are set out below:
Date
2026
Record date to determine which Shareholders are entitled Friday, 6 November
to receive the Circular
Circular, incorporating the notice of General Meeting, Friday, 13 November
distributed to Shareholders on
Announcement of distribution of the Circular published on Friday, 13 November
SENS on
Last day to trade Shares in order to be eligible to vote at Tuesday, 1 December
the General Meeting
Record date to be eligible to attend, participate and vote Friday, 4 December
at the General Meeting
For administrative purposes only, Forms of Proxy (grey) Friday, 11 December
in respect of the General Meeting to be lodged at, or
received via hand, post or e-mail by, the Transfer
Secretaries by no later than 10:00 on
Form of Proxy (grey) in respect of the General Meeting to Monday, 14 December
be handed to the chairperson of the General Meeting at
the General Meeting, at any time before the proxy
exercises any rights of the Shareholder at the General
Meeting, on
General Meeting of Shareholders to be held in person at Monday, 14 December
10:00 in the main boardroom at the Company’s registered
office at Cedar Square Shopping Centre, Management
Office, 1st Floor, Corner Willow Avenue and Cedar Road,
Fourways, Johannesburg (which will be accessible by
electronic communication) on
Results of the General Meeting to be published on SENS Monday, 14 December
on
Notes:
1. The dates and times set out above are subject to change. Any such changes will be announced
on SENS.
2. All dates and times indicated above are South African Standard Time, unless otherwise
specified.
3. Shareholders should note that, as transactions in Shares are settled in the electronic settlement
system used by Strate, settlement of trades takes place three Business Days after such trade.
Therefore, persons who acquire Shares after the last day to trade, namely Tuesday, 1 December
2026, will not be eligible to attend, participate in and vote at the General Meeting in respect of
those Shares.
4. Forms of Proxy (grey) are to be lodged with the Transfer Secretaries, Computershare Investor
Services Proprietary Limited, for administrative purposes only, by no later than 10:00 on Friday,
11 December 2026. Alternatively, Forms of Proxy (grey) may be emailed to the Transfer
Secretaries at proxy@computershare.co.za (who will provide same to the chairperson of the
General Meeting) or handed to the chairperson of the General Meeting or the Transfer
Secretaries at the General Meeting, at any time before the appointed proxy exercises any
Shareholder rights at the General Meeting.
5. If the General Meeting is adjourned or postponed, Forms of Proxy (grey) submitted for the initial
General Meeting will remain valid in respect of any adjournment or postponement of the General
Meeting, unless the contrary is stated on such Forms of Proxy (grey).
Johannesburg
13 November 2026
Transaction Sponsor
Valeo Capital Proprietary Limited
Legal Advisor
Webber Wentzel
Date: 13/11/2026 03:00:00
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