Texton Results Postponed

Posted On Monday, 03 September 2018 11:33 Published by
Rate this item
(0 votes)

The Texton Board today received communication from the Public Investment Corporation (PIC) relating to the funding granted by GEPF to BEE SPV and the Put Option which was granted to GEPF by Texton.

 NOSIPHIWO-BALFOUR

“As we assess the implications of this development on the business we’ve decided to postpone the Company’s results for the year ended 30 June 2018, which were due to be released on SENS on 3 September 2018. Our results presentations, which were due to be held on 3 and 4 September 2018 in Johannesburg and Cape Town respectively, are consequently also cancelled until further notice,” says Nosiphiwo Balfour, Texton CEO.

Balfour also said that the Texton Board of Directors sees this matter as an absolute priority will along with its advisors, follow all processes in the responsible management of shareholder interest.

“We want to confirm our commitment to transparent and open communication with all shareholders and stakeholders. We will make further announcements as more information becomes available,” she concludes.

Texton Property Fund is a JSE listed property investment fund formed to invest directly in income producing properties that offer potential for capital appreciation. The funded was formed in 2006 and listed on the JSE in 2011.

Last modified on Tuesday, 04 September 2018 07:13

Most Popular

City of Joburg Housing Development wins UN award

Sep 17, 2019
 MESHACK VAN WYK
The City of Johannesburg’s Housing department has won a Sustainable Cities and Human…

Mall of Africa Celebrates Launch of New Generation Pick n Pay Store

Sep 23, 2019
 MOA PNP  1
Today Mall of Africa welcomed one of South Africa's biggest grocery retailers to the…

Exemplar REITail Acquires Katale Square Shopping Centre

Sep 23, 2019
 JASON MCCORMICK
Real estate investment trust, Exemplar REITail, has acquired Katale Square shopping…

Mixed-use is the key to funding hotel development in Africa

Sep 17, 2019
 XANDER NIJNENS
JLL’s research into global property transactions reveals that in the first half of 2019,…

Reserve Bank keeps repo rate unchanged

Sep 23, 2019
 LESETJA KGANYAGO
 South African Reserve Bank Governor Lesetja Kganyago on Thursday said this is in line…

Please publish modules in offcanvas position.