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Accelerate Property Fund Ltd.  –  JSE:APF  
     
Prices at least 15 minutes delayed. Source: JSE Ltd.
 
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Fri 30 May 2025, 9:15 Accelerate - rights offer and general meeting
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Shareholders of APF (\"Shareholders\") were referred to the financial results announcement released on the Stock Exchange News Service, the news service of the JSE Ltd. (\"JSE\") (\"SENS\") on 18 December 2023 in which they were advised that APF would pursue a potential rights issue of up to R300 000 000 from Shareholders and/or the underwriter by way of a fully underwritten renounceable rights offer. In June 2024, an initial R200 000 000 (two hundred million Rand) was raised by way of a fully underwritten renounceable rights offer.

Shareholders were hereby advised that APF intends to proceed with raising the remaining R100 000 000 (one hundred million Rand) by way of an underwritten renounceable rights offer (\"Rights Offer\"), as contemplated in a rights offer circular to be published today, 30 May 2025 (\"the Rights Offer Circular\").

Rights offer circular and notice of general meeting
The Rights Offer Circular, incorporating a notice of general meeting seeking the approval of the Resolution, and setting out the full terms of the Rights Offer and including the form of instruction in respect of the Letters of Allocation (for use by certificated qualifying Shareholders), will be made available on APF's website (www.acceleratepf.co.za) and distributed to certificated Shareholders today, on Friday, 30 May 2025.

Notice was hereby given that a general meeting of APF Shareholders will be held at 11:00 on Tuesday, 1 July 2025 (the \"General Meeting\"), at APF's registered office in the main boardroom, Cedar Square Shopping Centre, Management Office, 2nd Floor, Cnr Willow Avenue and Cedar Road, Fourways, Johannesburg, to consider, and if deemed fit, passing, with or without modification, the Resolution set out in the notice of General Meeting forming part of the Rights Offer Circular.

 
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