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FORTRESS REIT LIMITED - Closure of FSCA investigation

Release Date: 03/09/2019 09:17
 
Wrap Text
Closure of FSCA investigation

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”)


CLOSURE OF FSCA INVESTIGATION


Fortress welcomes the announcement by the Financial Sector Conduct Authority ("FSCA") on 2 September 2019
of its findings that (i) there is no substance to allegations that directors, related parties of,
and other parties alleged to be related to, Resilient REIT Limited, Fortress, Lighthouse Capital Limited and
NEPI Rockcastle plc ("Related Parties") supported the Fortress share price; and (ii) there is no evidence of
prohibited trading practices by Related Parties in relation to Fortress share trades, and that the FSCA has
closed its investigation into these matters. This is the last outstanding investigation by the FSCA into trading
in Fortress shares by Related Parties since the closure of the insider trading investigation in March 2019.

3 September 2019


Lead sponsor
Java Capital
 
Joint sponsor
Nedbank Corporate and Investment Banking

Date: 03/09/2019 09:17:00
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