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Results of Annual General Meeting
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 Friday, 18 September 2020 (“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, save for the non-binding advisory votes on the Company’s Remuneration Policy and
Implementation Report under ordinary resolutions 5.1 and 5.2.
Details of the results of voting at the AGM are as follows:
• Total number of issued ordinary shares (“Shares”): 1 009 052 326
• Total number of issued Shares net of treasury shares: 998 944 288 (“AGM Total Voteable Shares”)
• Total number of issued Shares which were voted in person or represented by proxy: 783 676 814 Shares,
being 77.7% of the total issued Shares and 78.5% 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 Presentation of the annual NO VOTE REQUIRED
financial statements
473 063 811 47,3564 100,0000 0,0000 0,0014
2.1 Re-election of Mr TJ 783 266 522 78,4094 99,9749 0,0251 0,0411
Fearnhead as a director
2.2 Re-election of Ms K Madikizela 783 269 945 78,4098 99,9957 0,0043 0,0407
as a director
3.1 Re-election of Dr GC 783 266 522 78,4094 99,9957 0,0043 0,0411
Cruywagen as chairman and
member of the Audit and Risk
Committee
3.2 Re-election of Mr G Cavaleros 783 266 522 78,4094 99,9918 0,0082 0,0411
as member of the Audit and
Risk Committee
3.3 Re-election of Ms K Madikizela 783 269 945 78,4098 99,5413 0,4587 0,0407
as member of the Audit and
Risk Committee
3.4 Re-election of Mr AM Mawela 783 269 945 78,4098 99,9827 0,0173 0,0407
as member of the Audit and
Risk Committee
4 Re-appointment of Ernst & 783 269 945 78,4098 99,8873 0,1127 0,0407
Young as independent
external auditor
5.1 Non-binding advisory vote on 783 026 522 78,3854 42,7984 57,2016 0,0651
the Company’s remuneration
policy
5.2 Non-binding advisory vote on 783 266 522 78,4094 43,4801 56,5199 0,0411
the Company’s remuneration
implementation report
6 To place the unissued 783 026 522 78,3854 73,6710 26,3290 0,0651
authorised ordinary shares of
the Company under the control
of the directors
7 Specific authority to issue 783 266 522 78,4094 86,2217 13,7783 0,0411
shares to afford shareholders
distribution re-investment
alternatives
8 To receive and accept the 783 266 522 78,4094 100,0000 0,0000 0,0411
report of the Social, Ethics and
Transformation Committee
Special resolutions
1 Approval of non-executive
directors’ fees
- G Cavaleros 783 266 522 78,4094 86,7117 13,2883 0,0411
- GC Cruywagen 783 266 522 78,4094 86,6037 13,3963 0,0411
- TJ Fearnhead 783 266 522 78,4094 86,6037 13,3963 0,0411
- K Madikizela 783 269 945 78,4098 86,6038 13,3962 0,0407
- AM Mawela 783 269 945 78,4098 86,6038 13,3962 0,0407
- FM Viruly 783 266 522 78,4094 86,6037 13,3963 0,0411
2 Financial assistance to 783 026 522 78,3854 98,9415 1,0585 0,0651
purchase or subscribe for
securities and financial
assistance to a related or
interrelated company or
corporation
3 Authority to repurchase 783 029 945 78,3857 99,6607 0,3393 0,0648
ordinary shares
4 Authority for directors to allot 783 266 522 78,4094 86,0776 13,9224 0,0411
and issue shares to Company
directors
*Based on 998 944 288 shares in issue at the date of the AGM.
**In relation to the total number of shares voted at the AGM.
With regard to the non-binding advisory votes under ordinary resolutions 5.1 and 5.2, being the Remuneration
Policy and Implementation Report, which received less than the requisite 75% of votes, Accelerate will engage
directly with shareholders, the timing of which will be announced in due course. In this regard, Accelerate
encourages all dissenting shareholders to engage with us, with the intention of obtaining consensus from all
shareholders prior to the Company’s next AGM.
Fourways
21 September 2020
Sponsor
The Standard Bank of South Africa Limited
Date: 21-09-2020 05:30:00
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