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

Release Date: 19/06/2019 17:20
Code(s): FFB FFA FIFB09 FIFB12 FIFB15 FIFC33 FIFB10 FIFB11 FIFB14     PDF:  
 
Wrap Text
Dealings is 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
Name of director and relationship to director:      Mark Stevens, who is a trustee and beneficiary of the MWS
                                                    Investment Trust ("the Trust"), which owns 100% of Dusty Gold
                                                    Investments 4 (Pty) Ltd
Transaction date:                                   14 June 2019
Class of securities:                                Fortress B ordinary shares
Number of securities:                               800 000
Highest traded price for the day:                   R11.48
Weighted average price per security:                R11.38965
Lowest traded price for the day:                    R11.27
Total value of transaction:                         R9 111 720.00
Nature of transaction:                              On-market purchase
Nature and extent of director's interest:           Indirect beneficial
Clearance to deal received:                         Yes

Name of associate:                                  Tambura Property Investments (Pty) Ltd
Name of director and relationship to director:      Mark Stevens, who is a trustee and beneficiary of the Trust,
                                                    which owns 33% of Tambura Property Investments (Pty) Ltd
Transaction date:                                   18 June 2019
Class of securities:                                Fortress A ordinary shares
Number of securities:                               230 440
Highest traded price for the day:                   R21.39
Weighted average price per security:                R21.10671624
Lowest traded price for the day:                    R20.51
Total value of transaction:                         R4 863 831.69
Nature of transaction:                              On-market sale
Nature and extent of director's interest:           Indirect beneficial
Clearance to deal received:                         Yes


19 June 2019

Lead sponsor
Java Capital

Joint sponsor
Nedbank Corporate and Investment Banking

Date: 19/06/2019 05:20:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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