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Correction to the APF Rights Offer Circular
ACCELERATE PROPERTY FUND LIMITED
(Incorporated in the Republic of South Africa)
Registration Number: 2005/015057/06
LEI: 378900D514788C447E45
Share Code: APF ISIN: ZAE000185815
Bond code: APFE
("Accelerate", "APF" or the "Company")
(Approved as a REIT by the JSE)
CORRECTION TO THE APF RIGHTS OFFER CIRCULAR
Shareholders are referred to the APF Rights Offer Circular (the "Circular" or "Rights Offer") published on
12 April 2024, specifically Special Resolution Number 1 ("Special Resolution").
SPECIAL RESOLUTION NUMBER 1 - AUTHORITY PURSUANT TO SECTIONS 41(1), 41(3):
"RESOLVED THAT, subject to CIPC accepting the filing of the notice of amendment as contemplated in
section 16(7) of the Companies Act, in terms of sections 41(1) and 41(3) of the Companies Act, the
Company is authorised to allot and issue such number of APF shares in the authorised but unissued share
capital of the Company as are required to raise an aggregate amount of up to R200 000 000, for the
purposes of the Rights Offer on such terms as may be determined by the board, even if such number of
APF shares have voting power equal to or in excess of 30% of the voting rights of all APF shares
immediately prior to such issue. Such authority will include the authority to allot and issue, pursuant to
the Rights Offer, any APF shares in the authorised but unissued share capital of the Company to any
underwriter or sub-underwriter of the rights offer (whether or not any such underwriter or sub-
underwriter is a related party to the Company (as defined in the Listings Requirements)) and/or a person
falling within the ambit of section 41(1) of the Companies Act, being a director, future director, prescribed
officer or future prescribed officer of the Company or a person related or inter-related to the Company
or related or inter-related to a director or prescribed officer of the Company (or a nominee of any of the
foregoing persons)."
Shareholders are advised that the CIPC filing is not required as APF has sufficient authorised, unissued
share capital available to implement the Rights Offer.
The Special Resolution will be amended to remove the following statement: "subject to CIPC accepting
the filing of the notice of amendment as contemplated in section 16(7) of the Companies Act".
The updated Circular will be available on the APF website: https://www.acceleratepf.co.za/investorcentre/#Circulars
The remainder of the Circular remains unchanged.
Fourways
7 May 2024
Corporate Advisor and Transaction Sponsor: Bravura Capital (Pty) Limited
Date: 07-05-2024 04:30:00
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