To view the PDF file, sign up for a MySharenet subscription.

TEXTON PROPERTY FUND LIMITED - Trading Statement

Release Date: 22/02/2019 13:55
Code(s): TEX     PDF:  
 
Wrap Text
Trading Statement

TEXTON PROPERTY FUND LIMITED
Granted REIT status by the JSE
Incorporated in the Republic of South Africa
(Registration number 2005/019302/06)
Share code: TEX       ISIN: ZAE000190542
(“Texton” or “the Company”)


TRADING STATEMENT


In terms of paragraph 3.4(b)(vi) of the JSE Listings Requirements, Texton has adopted distribution per share
as its financial results measurement for trading statement purposes.

Shareholders are advised that Texton anticipates that the dividend per share for the six month period ended
31 December 2018 will be between 35.00 cents and 37.00 cents, representing a decrease of between 23%
and 27% compared to the dividend per share of 47.95 cents for the six month period ended 31 December
2017.

Distribution per share has decreased due to lower net property income as a result of slower than budgeted
take up of vacant space, increased net finance costs and lower realised foreign exchange gains. There was a
higher tax charge in the current period due to a change in tax regulations in the UK.

The financial information on which this trading statement is based has not been reviewed or reported on by
Texton’s auditors. Texton’s financial results are expected to be released on SENS on or about 5 March 2019.


Johannesburg
22 February 2019

Sponsor
Merchantec Capital

Date: 22/02/2019 01:55:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.

Email this JSE Sens Item to a Friend.

Share This Story