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FORTRESS REIT LIMITED - Dealings in securities by associates of a director of the company

Release Date: 08/04/2019 15:15
Code(s): FFB FFA FIFB11 FIFB14 FIFB12 FIFB15 FIFB08 FIFB10 FIFB09     PDF:  
Wrap Text
Dealings in securities by associates of a director of the company

FORTRESS REIT LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2009/016487/06)
JSE share codes:   FFA ISIN: ZAE000248498
                   FFB ISIN: ZAE000248506
Bond company code: FORI
(Approved as a REIT by the JSE)
("Fortress" or "the company")


DEALINGS IN SECURITIES BY ASSOCIATES OF A DIRECTOR OF THE COMPANY


Shareholders are advised of the following information relating to dealings in securities by associates of a director
of Fortress:

Name of associate:                                   Dusty Gold Investments 4 (Pty) Ltd ("Dusty Gold")
Name of director and relationship to director:       Mark Stevens, who is a trustee and beneficiary of the MWS
                                                     Investment Trust, which owns 100% of Dusty Gold
Transaction date:                                    5 April 2019
Class of securities:                                 Fortress B ordinary shares
Number of securities:                                100 000
Price per security:                                  R10.10
Total value:                                         R1 010 000.00
Nature of transaction:                               On-market purchase
Nature and extent of director's interest:            Indirect beneficial
Clearance to deal received:                          Yes

Name of associate:                                   Sakhisizwe Investment Holdings (Pty) Ltd ("Sakhisizwe")
Name of director and relationship to director:       Mark Stevens, who is a trustee and beneficiary of the MWS
                                                     Investment Trust, which owns 50% of Sakhisizwe
Transaction date:                                    5 April 2019
Class of securities:                                 Fortress B ordinary shares
Number of securities:                                125 000
Highest traded price per security:*                  R10.58
Weighted average price per security:                 R9.88730
Lowest traded price per security:*                   R9.82
Total value:                                         R1 235 913.00
Nature of transaction:                               On-market purchase
Nature and extent of director's interest:            Indirect beneficial
Clearance to deal received:                          Yes
* Highest and lowest traded prices per security on the market on the day

8 April 2019


Lead sponsor
Java Capital
 
Joint sponsor
Nedbank Corporate and Investment Banking

Date: 08/04/2019 03:15:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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