29 Sep - 3 min read

Results of AGM

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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