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 Wednesday 3 August 2022 ("the AGM"), all of the ordinary and two of the 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"): 1,268,895,381
- Total number of issued Shares net of treasury shares: 1,224,439,827 ("AGM total voteable shares")
- Total number of issued Shares which were voted in person or represented by proxy: 896,808,680 Shares, being 71% of the total issued Shares and 73% 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 | 896,108,362 | 73.19 | 100 | 0.00 | 0.06 |
Ms K Madikezela | ||||||
1.2 | Re-election of Mr A Mawela | 896,108,362 | 73.19 | 100 | 0.00 | 0.06 |
1.3 | Re-Election of Mr TT Mboweni | 896,108,362 | 73.19 | 100 | 0.00 | 0.06 |
1.4 | Re- Election of | 896,108,362 | 73.19 | 99.96 | 0.04 | 0.06 |
Mr JWA Templeton | ||||||
2.1 | Re-election of Mr JF (Derick) | 896,108,362 | 73.19 | 100 | 0.00 | 0.06 |
van der Merwe as chairman | ||||||
and member of the Audit and | ||||||
Risk Committee | ||||||
2.2 | Re-election of Ms K Madikizela | 896,108,362 | 73.19 | 100 | 0.00 | 0.06 |
as member of the Audit and | ||||||
Risk Committee | ||||||
2.3 | Re-election of Mr AM Mawela | 896,108,362 | 73.19 | 100 | 0.00 | 0.06 |
as member of the Audit and | ||||||
Risk Committee | ||||||
2.4 | Re-election of Mr JWA | 896,108,362 | 73.19 | 99.71 | 0.29 | 0.06 |
Templeton as member of the | ||||||
Audit and Risk Committee | ||||||
3 | Re-appointment of Ernst & | 896,108,362 | 73.19 | 100 | 0.00 | 0.06 |
Young as independent | ||||||
external auditor | ||||||
4.1 | Non-binding advisory vote on | 896,108,362 | 73.19 | 99.88 | 0.12 | 0.06 |
the Company's remuneration | ||||||
policy | ||||||
4.2 | Non-binding advisory vote on | 896,108,362 | 73.19 | 99.75 | 0.25 | 0.06 |
the Company's remuneration | ||||||
implementation report | ||||||
5 | To place the unissued | 896,108,362 | 73.19 | 87.19 | 12.81 | 0.06 |
authorised ordinary shares of | ||||||
the Company under the control | ||||||
of the directors | ||||||
6 | Specific authority to issue | 896,046,127 | 73.18 | 87.67 | 12.33 | 0.06 |
shares to afford shareholders | ||||||
distribution re-investment | ||||||
alternatives | ||||||
7 | To receive and accept the | 896,108,362 | 73.19 | 100 | 0.00 | 0.06 |
report of the Social, Ethics and | ||||||
Transformation Committee | ||||||
Special resolutions | ||||||
1 | Approval of non-executive | |||||
directors' fees | ||||||
1.1 | Board Chairman | 896,108,362 | 73.19 | 98.39 | 1.61 | 0.06 |
1.2 | Board Member | 896,108,362 | 73.19 | 98.39 | 1.61 | 0.06 |
1.3 | Lead independent Director | 896,108,362 | 73.19 | 98.68 | 1.32 | 0.06 |
1.4 | Audit and Risk committee | 896,108,362 | 73.19 | 98.39 | 1.61 | 0.06 |
Chairman | ||||||
1.5 | Audit and Risk Committee | 896,108,362 | 73.19 | 98.39 | 1.61 | 0.06 |
Chairman | ||||||
1.6 | Remuneration Committee | 896,108,362 | 73.19 | 98.38 | 1.62 | 0.06 |
Chairman | ||||||
1.7 | Remuneration Committee | 896,108,362 | 73.19 | 98.38 | 1.62 | 0.06 |
Member | ||||||
1.8 | Nominations committee | 896,108,362 | 73.19 | 98.39 | 1.61 | 0.06 |
Chairman | ||||||
1.9 | Nominations Committee | 896,108,362 | 73.19 | 98.39 | 1.61 | 0.06 |
Member | ||||||
1.10 | Social, Ethics and | 896,108,362 | 73.19 | 98.39 | 1.61 | 0.06 |
Transformation Committee | ||||||
Chairman | ||||||
10.11 | Social, Ethics and | 896,108,362 | 73.19 | 98.39 | 1.61 | 0.06 |
Transformation Committee | ||||||
Member | ||||||
1.12 | Investment Committee | 896,108,362 | 73.19 | 98.39 | 1.61 | 0.06 |
Chairman | ||||||
1.13 | Investment Committee | 896,108,362 | 73.19 | 98.39 | 1.61 | 0.06 |
Member | ||||||
1.14 | Sustainability and | 896,108,362 | 73.19 | 98.60 | 1.40 | 0.06 |
Environmental Committee | ||||||
Chairman | ||||||
1.15 | Sustainability and | 896,108,362 | 73.19 | 98.60 | 1.40 | 0.06 |
Environmental Committee | ||||||
Member | ||||||
1.16 | Ad Hoc Work Daily Tariff | 896,108,362 | 73.19 | 98.57 | 1.43 | 0.06 |
2 | Financial assistance to | 896,108,362 | 73.19 | 58.77 | 41.23 | 0.06 |
purchase or subscribe for | ||||||
securities and financial | ||||||
assistance to a related or | ||||||
interrelated company or | ||||||
corporation | ||||||
3 | Authority to repurchase | 896,108,362 | 73.19 | 100 | 0.00 | 0.06 |
ordinary shares | ||||||
4 | Authority for directors to allot | 896,108,362 | 73.19 | 46.05 | 53.95 | 0.06 |
and issue shares to Company | ||||||
directors | ||||||
*In relation to the 1,224,439,827 voteable shares.
**In relation to the 896,808,680 shares voted at the AGM.
Fourways
4 August 2022
Sponsor
The Standard Bank of South Africa Limited
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Accelerate Property Fund Ltd. published this content on 04 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 04 August 2022 13:37:07 UTC.