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Accelerate - settlement agreement and AFS
Shareholders were advised that, although both parties have indicated their willingness to sign the New Agreement, the New Agreement has not yet been concluded as of today, 11 July 2025, and that negotiations with the Related Parties are ongoing. Should the New Agreement be concluded, then the salient considerations outlined in paragraph 4 ("Successful Agreement") below will apply. However, should the New Agreement not be concluded, then the salient considerations outlined in paragraph 5 ("Unsuccessful Agreement") below will apply. As the outcome is uncertain at this stage, Shareholders are encouraged to have regard to the considerations applicable under both scenarios.
March 2025 annual financial results
Shareholders were advised that, irrespective of whether the New Agreement is concluded between APF and the Related Parties, the 31 March 2025 Annual Financial Results ("Financial Results") are expected to be published by 31 July 2025 as required in terms of the Johannesburg Stock Exchange ("JSE") listings requirements ("Listings Requirements") applicable to the General Segment.
APF is currently in a closed trading period until the publication of the Financial Results and therefore, per the Listings Requirements, directors of APF ("Directors") are prohibited from trading APF shares and the purchase and/or sale of nil paid letters pursuant to the Rights Offer. However, Directors are permitted, in terms of the Listings Requirements, to follow their entitlements under the Rights Offer.
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| Closing price data source: JSE Ltd. All other statistics calculated by ProfileData. |
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