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.