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ACCELERATE PROPERTY FUND LIMITED - Results of Annual General Meeting and B-BBEE Annual Compliance Report

Release Date: 24/07/2019 17:34
Code(s): APF     PDF:  
 
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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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