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Latest News: Accelerate Property Fund Ltd. ACCPROP [APF]

Tue, 1 Jul 2025	Official Announcement [TB]
Accelerate - finalisation and GM results Shareholders were advised that: - the Company has now received all necessary Shareholder and board approvals and accordingly the Rights Offer and underwriting agreement have become unconditional; - the Company has received formal approval of the Rights Offer Circular ("Circular") from the Issuer Regulation Division of the JSE Limited and all conditions have been fulfilled; - 250 000 000 ordinary shares are intended to be issued at R0.40 per share, in the authorised share capital of APF and based on the current APF share register, ordinary shares will be issued in the ratio of 13.92374 Rights Offer Shares for every 100 APF Shares held at the close of business on Friday, 11 July 2025; and - there have been no changes to the salient terms of the Rights Offer and to the salient dates and times in relation to the Rights Offer, as announced in the Declaration Announcement. Accordingly, the Rights Offer will be implemented in accordance with the terms and the salient dates and times contained in the Declaration Announcement and included in the Circular. Results of the general meeting All resolutions tabled at the meeting were duly passed by the requisite majority.
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