I see Coronation has taken up a large chunk including Stanlib.
SENS issued on the 18th.
In compliance with section 122(3)(b) of the Companies Act, No. 71 of 2008, as amended (?the
Companies Act?), regulation 121(2)(b) of the Companies Regulations, 2011 and paragraph 3.83(b) of
the Listings Requirements of the JSE Limited, Accelerate shareholders are hereby advised that as a
consequence of the private placing undertaken by Accelerate and the subsequent allocation of
shares, the Company has received the following notifications:
- the acquisition by Stanlib Asset Management (?Stanlib?) (on behalf of its clients) of an interest
in the securities of the Company, such that Stanlib?s total beneficial interest (on behalf of its
cients) in the Company amounts to 13% of the issued ordinary share capital of Accelerate;
and
- the acquisition by Coronation Asset Management (Pty) Ltd (?Coronation?) (on behalf of its
clients) of an interest in the securities of the Company, such that Coronation?s total beneficial
interest (on behalf of its clients) in the Company amounts to 29.99% of the issued ordinary
share capital of Accelerate.
