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Accelerate - operational update March 2026
The Company's closed period in respect of the financial year ending 31 March 2026 ("the financial results" or "the year under review") will commence on 1 April 2026 and is expected to remain in place until the publication of the financial results on SENS, anticipated on or about Friday, 31 July 2026.
Accelerate has been undergoing a comprehensive restructuring process since June 2024, with a clear focus on repositioning the Fund for improved sustainability and long-term value creation. This has included, inter alia, a board-approved R300 million rights offer (of which a R200 million rights offer was concluded in the 2024 financial year, and a further R100 million rights offer during the year under review) together with the disposal of approximately R1.7 billion (comprising R800 million in the year under review and R908.5 million in the 2024 financial year) of assets to reduce debt levels. This brings the total quantum of capital raised and realised through these initiatives to R2.0 billion. Similarly, debt to the extent of approximately R1.9 billion was reduced through these initiatives.
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