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RESILIENT REIT LIMITED - Update on FSCA market abuse investigation

Release Date: 08/11/2019 11:00
Code(s): RES RES35 RES41 RES40 RES38     PDF:  
Wrap Text
Update on FSCA market abuse investigation

(Incorporated in the Republic of South Africa)
(Registration number: 2002/016851/06)
JSE share code: RES ISIN: ZAE000209557
Bond company code: BIRPIF
(Approved as a REIT by the JSE)
(“Resilient” or the “Company”)


Shareholders are advised that the Financial Sector Conduct Authority (“FSCA”) has informed Resilient of its decision
that Resilient’s directors, board and audit committee members did not negligently or intentionally misstate Resilient’s
2013 to 2017 financial statements as regards the consolidation of the Siyakha Trusts and have therefore not contravened
the statutory prohibition on false, misleading or deceptive statements. Accordingly, the FSCA has closed its
investigation into this matter.

Shareholders are referred to –
-     the FSCA press release dated 4 March 2019 regarding the closure of insider trading investigations relating to
      Resilient; and
-     the FSCA press release dated 7 November 2019 which also stated that the investigation of allegations relating to
      manipulation of the Resilient share price by market participants is ongoing. This investigation is not into the
      affairs of Resilient and is anticipated to be finalised early in 2020.

8 November 2019

Java Capital

Date: 08/11/2019 11:00:00
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