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Results of Annual General Meeting 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 ANNUAL GENERAL MEETING AND B-BBEE ANNUAL COMPLIANCE REPORT
Results of Annual General Meeting
Accelerate shareholders (“Shareholders”) are hereby advised that at the Annual General Meeting of
Shareholders held at 10:00 on Wednesday, 24 July 2019 (“AGM”), all 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”): 994 310 123;
• Total number of issued Shares net of treasury shares: 988 378 903 (“AGM Total Voteable Shares”);
• Total number of issued Shares which were voted in person or represented by proxy: 846 914 263 Shares,
being 85,18% of the total issued Shares and 85,69% of the AGM Total Voteable Shares (“Voted Shares”).
Resolution Resolution Number of Percentage For** Against** Abstained*
Number shares voted of shares in % % %
issue*
%
Ordinary resolutions
1.1 Re-election of Dr Gert 846 724 123 84,80 100,00 0,00 0,02
Cruywagen as an independent
non-executive director
1.2 Re-election of Ass. Prof 846 724 123 84,80 100,00 0,00 0,02
Francois M Viruly as an
independent non-executive
director
1.3 Re-election of Mr George 846 724 123 84,80 100,00 0,00 0,02
Cavaleros as an independent
non-executive director
1.4 Re-election of Mr Abel M 846 724 123 84,80 100,00 0,00 0,02
Mawela as an independent
non-executive director
1.5 Re-election of Mr Dawid J 846 724 123 84,80 100,00 0,00 0,02
Wandrag as an independent
non-executive director
2.1 Re-election of Dr Gert C 846 724 123 84,80 100,00 0,00 0,02
Cruywagen as chairman and
member of the Audit and Risk
Committee
2.2 Re-election of Mr George 846 724 123 84,80 100,00 0,00 0,02
Cavaleros as member of the
Audit and Risk Committee
2.3 Re-election of Ms Kolosa 846 724 123 84,80 99,32 0,68 0,02
Madikizela as member of the
Audit and Risk Committee
2.4 Re-election of Mr Abel M 846 724 123 84,80 100,00 0,00 0,02
Mawela as member of the
Audit and Risk Committee
3 Re-appointment of Ernst & 846 724 123 84,80 99,34 0,66 0,02
Young Inc. as independent
external auditor
4.1 Non-binding advisory vote on 846 724 123 84,80 84,38 15,62 0,02
the Company’s remuneration
philosophy and policy
4.2 Non-binding advisory vote on 846 724 123 84,80 84,38 15,62 0,02
the Company’s remuneration
implementation report
5 To place the unissued 846 724 123 84,80 86,20 13,80 0,02
authorised ordinary shares of
the Company under the control
of the directors
6 Specific authority to issue 846 724 123 84,80 56,25 43,75 0,02
shares to afford shareholders
distribution re-investment
alternatives
7 Signing authority of directors 846 723 423 84,80 100,00 0,00 0,02
Special resolutions
1.1 Approval of non-executive
directors’ fees
Dr Gert C Cruywagen 846 213 227 84,75 87,32 12,68 0,07
Mr Timothy J Fearnhead 846 213 227 84,75 87,32 12,68 0,07
Ms Kolosa Madikizela 846 213 227 84,75 87,32 12,68 0,07
Ass. Prof Francois M Viruly 846 213 227 84,75 87,32 12,68 0,07
1.2 Approval of new non-executive
directors’ fees
Mr George Cavaleros 846 213 227 84,75 87,32 12,68 0,07
Mr Abel M Mawela 846 213 227 84,75 87,32 12,68 0,07
Mr Dawid J Wandrag 846 213 227 84,75 87,32 12,68 0,07
2 Financial assistance to 846 724 123 84,80 95,61 4,39 0,02
purchase or subscribe for
securities and financial
assistance to a related or inter-
related company or
corporation
3 Authority to repurchase 846 724 123 84,80 99,41 0,59 0,02
ordinary shares
4 Authority for directors to allot 846 723 423 84,80 98,78 1,22 0,02
and issue shares to Company
directors
*Based on 998 524 580 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/governance/social-and-ethics-reporting/
Fourways
24 July 2019
Sponsor
The Standard Bank of South Africa Limited
Date: 24/07/2019 05:34:00
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