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Results of Annual General Meeting
ACCELERATE PROPERTY FUND LIMITED
(Incorporated in the Republic of South Africa)
(Registration No 2005/015057/06)
JSE code: APF ISIN code: ZAE000185815
Bond company code: APFE
LEI: 378900D514788C447E45
(REIT status approved)
("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 Monday 9 September 2023 (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"): 1,840,323,952
• Total number of issued Shares net of treasury shares: 1,795,868,398 ("AGM total voteable
shares")
• Total number of issued Shares which were voted in person or represented by proxy:
1,119,860,031 Shares, being 61.0% of the total issued Shares and 62.0% 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 Re-election of Directors
retiring at the AGM
1.1 Re-election of Mr AM 995,433,407 55.43 98.85 1.15 6.93
Mawela
1.2 Re-election of Mr JWA 995,433,407 55.43 98.85 1.15 6.93
Templeton
Resolution Resolution Number of Percentage For** Against** Abstained*
Number shares voted of voteable % % %
shares*
2 Election of Audit and
Risk Committee
members
2.1 Re-election of Mr JF 1,119,849,577 62,36 98,98 1,02 0
(Derick) van der
Merwe as Chairman
and member of the
Audit and Risk
Committee
2.2 Re-election of Dr K 1,119,849,577 62,36 98,98 1,02 0
Madikizela as member
of the Audit and Risk
Committee
2.3 Re-election of Mr AM 1,119,849,577 62,36 98,98 1,02 0
Mawela as member of
the Audit and Risk
Committee
2.4 Re-election of Mr JWA 1,119,849,577 62,36 98,71 1,29 0
Templeton as member
of the Audit and Risk
Committee
3 Appointment of 1,119,849,577 62,36 98,98 1,02 0
PricewaterhouseCoopers
Incorporated as
independent External
Auditor
4 Non-binding advisory
vote on the Company's
Remuneration Policy and
Implementation Report
Resolution Resolution Number of Percentage For** Against** Abstained*
Number shares voted of voteable % % %
shares*
4.1 Non-binding advisory 1,119,849,577 62,36 87,85 12,15 0
vote on the Company's
Remuneration Policy
4.2 Non-binding advisory 1,119,849,577 62,36 87,85 12,15 0
vote on the Company's
Remuneration
Implementation Report
5 To place the unissued 1,119,849,577 62,36 78,03 21,97 0
authorised ordinary
shares of the Company
under the control of the
Directors
6 Specific authority to 1,119,849,577 62,36 89,15 10,85 0
issue shares to afford
Shareholders
distribution
reinvestment
alternatives
7 General but restricted 1,119,849,577 62,36 78,03 21,97 0
authority to issue
ordinary shares for cash
8 To receive and accept 1,119,849,577 62,36 98,98 1,02 0
the report of the Social,
Ethics and
Transformation
Committee
Special resolutions
1 Approval of
Non-Executive
Directors' fees
1.1 Board Chairman 1,119,849,577 62,36 88,87 11,13 0
Resolution Resolution Number of Percentage For** Against** Abstained*
Number shares voted of voteable % % %
shares*
1.2 Board member 1,119,849,577 62,36 98,70 1,30 0
1.3 Lead Independent 1,119,849,577 62,36 98,96 1,04 0
Director
1.4 Audit and Risk 1,119,849,577 62,36 87,85 12,15 0
Committee Chairman
1.5 Audit and Risk 1,119,849,577 62,36 98,96 1,04 0
Committee member
1.6 Remuneration 1,119,849,577 62,36 98,70 1,30 0
Committee Chairman
1.7 Remuneration 1,119,849,577 62,36 98,70 1,30 0
Committee member
1.8 Nominations 1,119,849,577 62,36 98,96 1,04 0
Committee Chairman
1.9 Nominations 1,119,849,577 62,36 87,85 12,15 0
Committee member
1.10 Social, Ethics and 1,119,849,577 62,36 87,85 12,15 0
Transformation
Committee Chairman
1.11 Social, Ethics and 1,119,849,577 62,36 98,96 1,04 0
Transformation
Committee member
1.12 Investment Committee 1,119,849,577 62,36 98,96 1,04 0
Chairman
1.13 Investment Committee 1,119,849,577 62,36 98,96 1,04 0
member
2 Financial assistance to 1,119,849,577 62,36 87,85 12,15 0
related or inter-related
companies or
corporations
3 Authority to repurchase 1,119,849,577 62,36 87,85 12,15 0
ordinary shares
*In relation to the 1,795,868,398 voteable shares.
**In relation to the 1,119,860,031 shares voted at the AGM.
Fourways
9 September 2024
Equity Sponsor
The Standard Bank of South Africa Limited
Debt Sponsor
Rand Merchant Bank, a division of FirstRand Bank Limited
Date: 09-09-2024 05:25:00
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