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11-Sep-2018
(Official Notice)
The newly-appointed chairman of Resilient, Alan Olivier, has written to the chairs of the boards of the institutional investors who requested an independent investigation, providing them with a response of the Resilient board committee (comprising six independent non-executive directors) formed to deal with the matter and requesting feedback as a preliminary requirement for further consideration.



The board is resolved to do all necessary to serve the best interests of the Company and to communicate transparently with all stakeholders. Steps undertaken to date include:

-publication of detailed information responding to allegations by SENS announcement and on its website;

-the distribution of Fortress B shares to eliminate the cross-shareholding with Fortress;

-appointing new independent valuers to value all of Resilient's properties for purposes of its annual results recently released;

-thorough reconsideration of Resilient's financial statements and restatement where necessary;

-appointment by Resilient of a former auditor general (assisted by an experienced advocate of his choice) to undertake an independent review of the most concerning of allegations and all relevant material available to the Company with a broad discretion and wide scope of powers, with the outcome made public by SENS announcement on 10 April 2018;

-commencing with and announcing the Company's intentions regarding a comprehensive restructure of Resilient's BEE ownership scheme in the Siyakha Education Trusts;

-review of the constitution of the board, with one resignation and three new appointments of independent non- executive directors.



Resilient's recent results for the financial year ended June 2018 show that its operations continue to be sound, it has renewed loan facilities with its financiers and it received an unqualified audit opinion from Deloitte. Resilient's gearing at approximately 30% on an LTV basis remains low. The Company has established an independent whistle-blower hotline 0800 333 235, which refers all allegations it receives to the chair of the board. The board committee will follow up on all substantiated allegations relevant to the Company. Shareholders will be kept informed on progress of the board's various engagements with stakeholders and shareholders.

31-Aug-2018
(Official Notice)
The board is considering the content of the letter received from institutional investors requesting a further investigation into allegations affecting the Company and will be engaging with them and with the Company's major shareholders in determining the appropriate course of action. Shareholders will be kept informed.
17-Aug-2018
(Official Notice)
17-Aug-2018
(C)
Total revenue for the period jumped to R3.9 billion (R3.1 billion). Loss before net finance costs came to R2.7 billion (profit of R3.8 billion). Loss attributable to equity holders was R3.3 billion (profit of R2.5 billion). In addition, headline loss per share of 2 050.66 cents per share (headline earnings of 588.56 cents per share) were recorded.



Payment of final dividend

The Board has approved and notice is hereby given of a final dividend of 258.98000 cents per share for the six months ended 30 June 2018.



Company prospects

Resilient's distribution per share is permanently reduced as a result of it distributing Fortress B shares to its shareholders in May 2018. In addition, the amount included in the dividend calculation from the loans advanced to the Siyakha Trusts referred to above, will impact future distributions.



Despite difficult economic conditions in South Africa, the portfolio is expected to perform well. Resilient's distributions are forecast to be between 550 and 560 cents per share for the 2019 financial year. The growth is based on the assumptions that there is no material deterioration of the macro-economic environment, that no major corporate failures will occur and that tenants will be able to absorb the recovery of rising utility costs and municipal rates. Budgeted rental income was based on contractual escalations and market-related renewals. The forecast also assumes that Greenbay and NEPI Rockcastle will achieve the growth in their respective distributions communicated to the market and is expected to continue with strong growth after the periods for which they have provided guidance, albeit at lower rates than historical growth given more challenging conditions globally.
17-Aug-2018
(Official Notice)
Shareholders are referred to the SENS announcement released on 10 August 2018, wherein shareholders were advised of the appointments of Mr Alan Olivier, Mr David Hugh Brown and Mr Des Gordon to the board of directors of Resilient ("the Board").



Shareholders are hereby advised that Mrs Thembi Chagonda has stepped down as chairperson of Resilient and that Mr Alan Olivier has been appointed as chairman of the Board, with effect from 17 August 2018.



Mrs Thembi Chagonda will remain on the Board as an independent non-executive director.
10-Aug-2018
(Official Notice)
Shareholders are advised that Mr Alan Olivier, Mr David Hugh Brown and Mr Des Gordon have been appointed as independent non-executive directors to the board of directors of Resilient (the Board) effective immediately. The preliminary summarised audited consolidated financial statements for the year ended 30 June 2018 will be released on SENS on Friday, 17 August 2018.

26-Jun-2018
(Official Notice)
Shareholders are advised that Mr Barry Stuhler, non-independent non-executive director of Resilient, has informed the company of his retirement from the board of directors of Resilient (?the board?) with effect from 29 June 2018. The board thanks Barry for his contribution to Resilient since inception and wishes him well in his future endeavours.

22-May-2018
(Official Notice)
22-May-2018
(Official Notice)
07-May-2018
(Official Notice)
Shareholders are referred to the announcements released on SENS on 6 April 2018 and 20 April 2018 in respect of the proposed distribution by Resilient of 169 981 600 B ordinary shares in Fortress REIT Ltd. ("Fortress") (being 15,65% of the Fortress B shares in issue and 7,49% of all Fortress shares in issue) in the ratio of 0,4 Fortress B shares for every Resilient share held at the close of trade on Friday, 4 May 2018 (the "proposed distribution").



The proposed distribution will be made in reduction of the contributed tax capital of Resilient and should constitute a "return of capital" as defined in section 1 of the Income Tax Act, 58 of 1962 (the "Income Tax Act"). The proposed distribution is accordingly not a dividend as defined in the Income Tax Act and will therefore not attract dividends tax.



Resilient shareholders who hold their shares as capital assets will be required in terms of paragraph 76B of the Eighth Schedule to the Income Tax Act to reduce the base cost of their Resilient shares with the amount of the proposed distribution (which should be the market value of the Fortress B shares distributed to such shareholders). If the amount of the return of capital exceeds the base cost of the Resilient shares in the hands of the shareholders, the excess will constitute a capital gain in the hands of the shareholders and the shareholders must account for capital gains tax on such capital gain, unless the shareholders can rely on a capital gains tax exemption. Resilient shareholders who hold their shares as trading stock should obtain advice on the correct tax treatment of the return of capital.



Resilient shareholders are hereby advised that the market value of a Fortress B share for purposes of the proposed distribution is R15.78 per Fortress B share, being the price of Fortress B shares at close of trade on Friday, 4 May 2018.



This announcement is not intended to be a complete analysis of the tax implications of the proposed distribution. It is not intended to be, nor should it be considered to be, legal or tax advice. Resilient shareholders are advised to consult their own professional tax advisors on the taxation consequences of the proposed distribution in both South Africa and their jurisdiction of residence and the calculation of their costs for tax purposes.
03-May-2018
(Official Notice)
Shareholders are referred to the announcements released on SENS on 6 April 2018 and 20 April 2018 in respect of the proposed distribution by Resilient of 169 981 600 B ordinary shares in Fortress REIT Ltd. ("Fortress") (being 15,65% of the Fortress B shares in issue and 7.49% of all Fortress shares in issue) in the ratio of 0,4 Fortress B shares for every Resilient share held at the close of trade on Friday, 4 May 2018 (the "proposed distribution").



In implementing the proposed distribution, Resilient is required by the JSE to apply the JSE's rounding principle. As such, if a Resilient shareholder becomes entitled to a fraction of a Fortress B share arising from the proposed distribution ("fractional entitlement"), such Fortress B share will be rounded down to the nearest whole number, resulting in the allocation of whole Fortress B shares and a cash payment for the fraction (the "cash payment").



Resilient shareholders are advised that the value of a Fortress B share to be utilised in determining the cash payment due to a shareholder in respect of any fractional entitlement is R15.15196. In accordance with the requirements of the JSE, this amount has been determined with reference to the volume-weighted average traded price of Fortress B shares on the JSE on Wednesday, 2 May 2018, discounted by 10%.



By way of example:

Assuming that a shareholder holds 101 Resilient shares at the close of business on the record date for the proposed distribution, being Friday, 4 May 2018, such shareholder would (but for rounding) receive 40,4 Fortress B shares pursuant to the proposed distribution. However, applying the rounding principle detailed above, the shareholder will receive 40 Fortress B shares and receive a cash payment in respect of the fractional entitlement of R6.06078, being R15.15196 x 0,4 (rounded to 5 decimal places).



The salient dates and times announced on 6 April 2018 remain unchanged.
26-Apr-2018
(Official Notice)
Noteholders are advised that the Issuer has formally accepted the rating assigned by Global Credit Rating Co. (?GCR?) on 25 April 2018. GCR has assigned a national scale rating of AA-(za) in the long term and A1+(za) in the short term with the outlook accorded as Stable.



The ratings are supported by Resilient?s large, quality property portfolio that mostly consists of properties that are highly competitive in their submarkets. Resilient has a track record of developing and operating large retail centres that can sustain positive rental increases and low vacancy rates. This has translated into stable cash flows and earnings, which is considered a credit strength.



The report may be retrieved at www.resilient.co.za.
20-Apr-2018
(Official Notice)
Bondholders are referred to the announcement released by the Issuer on SENS on 20 April 2018 which advises of the distribution by Resilient of B ordinary shares in Fortress REIT Ltd. and the renewal of cautionary pending further announcements in respect of the Siyakha restructure.
20-Apr-2018
(Official Notice)
Shareholders are referred to the announcement released on SENS on 6 April 2018 (the "declaration announcement") in respect of the proposed distribution by Resilient of 169 981 600 B ordinary shares in Fortress REIT Ltd. ("Fortress") (being 15.65% of the Fortress B shares in issue and 7.49% of all Fortress shares in issue) in the ratio of 0.4 Fortress B shares for every Resilient share held at the close of trade on Friday, 4 May 2018 (the "proposed distribution").



Resilient informs shareholders that all conditions precedent to the proposed distribution have been fulfilled. Accordingly, Resilient will now proceed to implement the proposed distribution in accordance with the terms set out in the declaration announcement. The salient dates and times in respect of the proposed distribution remain as set out in the declaration announcement.



In implementing the proposed distribution, Resilient is required by the JSE to apply the JSE's rounding principle. As such, if a Resilient shareholder becomes entitled to a fraction of a Fortress B share arising from the proposed distribution, such Fortress B share will be rounded down to the nearest whole number, resulting in the allocation of whole Fortress B shares and a cash payment for the fraction. The value of such cash payment will be the volume- weighted average traded price of Fortress B shares less 10% on the first day Resilient shares trade 'ex' the entitlement to receive the proposed distribution, being Wednesday, 2 May 2018, and will be announced on SENS on Thursday, 3 May 2018.



In order to give effect to the proposed distribution, 169 981 600 Fortress B shares, currently held by Resilient Properties (Pty) Ltd., a wholly-owned subsidiary of Resilient, will be transferred to Resilient by way of an off-market transfer.



Renewal of cautionary

Shareholders are referred to the joint announcement released on SENS on 7 March 2018 by Resilient and Fortress regarding the proposed restructure of The Siyakha Education Trust and The Siyakha 2 Education Trust (the "Siyakha restructure"). Resilient, Fortress and the Trustees of both trusts remain in negotiations regarding the Siyakha restructure. Resilient shareholders are hereby advised to continue to exercise caution in their dealings in Resilient shares pending further announcements in respect of the Siyakha restructure.
10-Apr-2018
(Official Notice)
06-Apr-2018
(Official Notice)
Following the update announcement of 29 March 2018, the Resilient audit committee has met with Mr Fakie regarding progress with the independent review. Extensive information and documentation has been made available for the independent review by the Company, its executives and third parties. The audit committee is satisfied that the review to date is thorough and well progressed.



The audit committee and Mr Fakie have agreed that he should afford a director of 36One Asset Management an opportunity to be interviewed as part of the independent review. Mr Fakie has informed the Company that the interview is provisionally scheduled for Monday, 9 April 2018. Resilient will update shareholders on the expected timing of the report on Tuesday, 10 April 2018.



The board continues to have no information or knowledge that indicates any misconduct by management.
06-Apr-2018
(Official Notice)
29-Mar-2018
(Official Notice)
Bondholders are referred to the announcement released by the Issuer on SENS on 29 March 2018 which provides an update on the independent review and unwind of cross-shareholding with Fortress REIT Ltd.

29-Mar-2018
(Official Notice)
The independent review currently underway is being undertaken in terms of an agreed scope available on Resilient?s website at www.resilient.co.za. Mr Fakie has informed the chair of Resilient?s audit committee that he aims to report by the end of next week. The report will be made public and Mr Fakie?s working papers of the review is available to the FSB, pursuant to the undertaking by the board and management of Resilient to co- operate fully with all investigations. The board welcomes an investigation by the FSB of matters referred to it and will do all it can to expedite the outcome.



The board reiterates that it has no information or knowledge that indicates any misconduct by management. The executive team has co-operated fully with the board as well as with all reviews and investigative processes.



As indicated in the SENS announcements of 16 February 2018 and 7 March 2018, Resilient has noted the consistent feedback from its shareholders that the cross-shareholding of Resilient with Fortress REIT Ltd. should be unwound. Resilient management is currently engaging with shareholders to obtain their views on the mechanism to effect the unwind and anticipates being in a positon to announce the way forward shortly.



A process to identify and appoint additional independent non-executive directors is underway.



Resilient remains in a sound financial position with strong liquidity and its underlying operations continue to perform well. Be assured that the board and management of Resilient are fully focused on doing all that is necessary to restore shareholder confidence in the Company.



Resilient welcomes on-going communication and engagement with shareholders and will provide regular updates.
08-Mar-2018
(Official Notice)
Bondholders are referred to the announcement released by the Issuer on SENS on 7 March 2018 in respect of a restructure of the Siyakha Education Trusts, the intention to unwind cross-shareholding, a further cautionary announcement and updated distribution guidance.
07-Mar-2018
(Official Notice)
22-Feb-2018
(Official Notice)
In light of its share price, Resilient considers it prudent to commence negotiations with the trustees of and other lenders to the Siyakha Education Trusts (?trusts?) regarding all loans to the trusts and underlying collateral. Resilient is unable to control all participants in the negotiations regarding confidentiality and, as the outcome of the negotiations may impact the distributable earnings of Resilient, advises shareholders to exercise caution in their dealings in Resilient securities.
16-Feb-2018
(Official Notice)
Resilient has noted the consistent feedback from its shareholders that the cross-shareholding of Resilient with Fortress REIT Limited should be unwound and the need to reconsider its relationship with the Siyakha Education Trusts. Resilient has prioritised these issues and is considering various options to undertake this.



Furthermore, the board of the Company is committed to taking every step necessary to address allegations and commentaries from all sources. The board also believes that there is a need for a prompt independent review of the information available to it. Accordingly, the board has resolved to commission their own independent review and to make the outcome of this review public. The scope of the review will not be narrowly constrained and will prioritise a review of all available information regarding listed share activity since 1 July 2017 by the Company and its executives and senior management in Resilient shares and in the listed shares Resilient holds.



The review will be led by Mr Shauket Fakie. Mr Fakie was an independent director of ABSA Group, was the Auditor General of South Africa for a period of seven years and served as chairperson of the UN Panel of External Auditors and Secretary General for the Auditors General Association in the African Continent. He currently serves on the boards of various MTN and other companies and on the executive committees of several community-based and non-profit organisations.



In addition, the board notes that any investigation of share transactions by regulators would be undertaken with broad access to information not available to the Company, including from third parties not related to the Company, and likely to take place over an extended period of time. The Company will support and cooperate fully with any such investigation.
14-Feb-2018
(Official Notice)
Bondholders are advised that the Issuer has made available, on its website at www.resilient.co.za, a recording of the call with sell-side analysts, which took place yesterday together with the FAQ document referred to in the SENS announcement released on 12 February 2018.
13-Feb-2018
(Official Notice)
Shareholders are advised that from 18:30 this evening, the company will make available on its website at www.resilient.co.za a recording of its call with sell-side analysts yesterday and the FAQ document referred to in its SENS announcement of yesterday.

12-Feb-2018
(Official Notice)
The company has analysed the 36One report referred to in the SENS announcement released on 9 February 2018. Having fully considered the content and context of the report, the company is of the view that there is no reason for shareholders to continue to exercise caution in their dealings in the company?s securities and the cautionary announcement of 9 February 2018 is accordingly withdrawn.



The company has engaged and will continue to engage with its shareholders, all relevant regulators and authorities including the JSE and the Directorate of Market Abuse.



The company is preparing a FAQ document to address matters raised in the reports and rumours circulated in the market over the last few weeks and is engaging with major shareholders in the course of today to ensure any of their concerns are addressed. This document will be made available on the company website as soon as the process is complete. The company will announce on SENS when the link to the FAQ document is active.



Resilient is committed to transparency and full disclosure and will continue to address valid concerns from all market participants, including through the FAQ document currently being prepared. The company will also continue to engage with the relevant authorities, especially regarding the circumstances surrounding the 36One report.
09-Feb-2018
(Official Notice)
Over the last few days, the company has been made aware of speculation in the investor community concerning the impending release of a report rumoured to be damaging to the company.



A report regarding Resilient, Fortress REIT Ltd., NEPI Rockcastle plc and Greenbay Properties Ltd. has now been widely circulated amongst the investor community and has recently been provided to the company by a shareholder. The report was published and disseminated anonymously, but authorship of it has been confirmed by 36One Asset Management (Pty) Ltd. (?36One?) who are said to have a large short position on companies identified in the report. The content of the report and its dissemination follow a campaign of rumour and innuendo undertaken against the companies since early January 2018, when the short selling of the company?s shares became evident.



36One did not seek the company?s response to any of the content of the report. The publication of the report provides the company with its first opportunity to respond to written allegations as opposed to rumour and innuendo. In the meantime, the company advises shareholders to exercise caution in their dealings in the company?s securities.



A further announcement by the company will follow on Monday, 12 February 2018.
05-Feb-2018
(Official Notice)
The report does not correctly analyse the financial and voting implications of Resilient?s holding in Fortress REIT Ltd. (?Fortress?) B shares, which is more complex than presented because Fortress has two classes of issued shares. What is relevant is that it is Resilient?s policy to acquire equities when its investment committee and board see value. The company?s acquisitions and disposals are subject to its stringent governance processes and the company observes all disclosure requirements.



Resilient is satisfied that its participation in the accelerated bookbuild by Greenbay Properties Ltd. (?Greenbay?) in August 2017 met its investment requirements.



Navigare identified a director of private companies that acquired Greenbay shares. The board and management of Resilient, and Resilient itself, have no interest in or arrangement of any sort with the private companies or director in question. The board has authorised Mr Bryan Hopkins, the head of its audit committee, to review all investment activities of and associated with the company and its directors and management.



Resilient has no financial interest in or association with any private companies that hold shares in Resilient or the companies it is invested in, other than the following wholly-owned subsidiaries: Resilient Properties (Pty) Ltd., Diversified Properties 2 (Pty) Ltd., Resilient 1 (Pty) Ltd. (formerly Norma Jean Square Property Investments (Pty) Ltd.), Resilient 2 (Pty) Ltd. (formerly K2017408359 (South Africa) (Pty) Ltd.), Resilient 3 (Pty) Ltd. and Resilient 4 (Pty) Ltd..



The trustees of the Siyakha Education Trusts have provided Resilient with broker statements that confirm the trusts did not acquire any shares in Resilient or Fortress during December 2017 and January 2018 other than 512 970 Fortress A shares bought in the market on 12 December 2017. The Navigare observation that the trusts bought large numbers of shares in Resilient and Fortress in December 2017 and January 2018 is incorrect and appears to be derived from movements in public share registers that, broker statements confirm, do not result from trading but from collateral or scrip lending arrangements. The trusts have confirmed their policy not to lend scrip.
02-Feb-2018
(Official Notice)
Following the release of results last week, the management of Resilient is meeting with shareholders, which provides them with an opportunity to field any concerns that may explain the current weakness in the share price.



Some institutional shareholders have suggested that The Siyakha Education Trusts, broad-based educational empowerment initiatives established some years ago by Resilient, become more public regarding their operations and affairs. The board has requested the trustees to respond openly to this interest.



The company has noted criticism of the cross-holdings between Resilient and Fortress REIT Ltd., in that Resilient owns 15.92% of the B shares issued by Fortress and Fortress owns 9.32% of Resilient. Fortress was established by Resilient several years ago as a strategic initiative and remains an attractive investment. Like all strategies, however, this is regularly re-evaluated by Resilient.



Resilient is very comfortable with its investments in NEPI Rockcastle plc and Greenbay Properties Ltd. Neither of these companies holds shares in Resilient.



The company has not been presented with any complaints or allegations of wrongdoing. There were rumours in the market that Resilient would be the subject of a Viceroy Research report. When this proved to be unfounded, rumours emerged of the imminent release of a report apparently intended to substantiate the views of short-sellers of Resilient shares. The company has not been approached for comment regarding any report or the like. The board will consider and respond fully and appropriately to any complaint or allegation concerning the company based on facts and provided that it is not made anonymously.



In the meantime, the operations and affairs of the company remain sound and are not impacted by any weakness in share prices. The company has no reason to revisit its stated guidance for growth in distribution. The company has no reason to advise shareholders to exercise caution in their dealings in Resilient shares.
26-Jan-2018
(Official Notice)
26-Jan-2018
(C)
Rental revenue was higher at R1.3 billion (R1.2 billion). Profit for the period attributable to equity holders multiplied to R9.0 billion (R930.5 million). Furthermore, headline earnings per share shot up to 1 308.43 cents per share (230.27 cents per share).



Interim dividend

The board has approved and notice is hereby given of an interim dividend of 306.46000 cents per share for the six months ended 31 December 2017.



Company prospects

Resilient's results from its South African operations will be positively impacted by a recovery in the local economy as well as continued strength in commodity prices. Anticipated increases in interest rates are expected to have a negative impact on the group's European-based investments, however, European economies are forecast to achieve strong growth in 2018.



The board is comfortable that the forecast dividends to be received from the counters that Resilient is invested in remain achievable as the recent volatility in the share prices does not affect the income from the investments. Resilient's distributions are forecast to increase by approximately 13% for the 2018 financial year and by at least 12% for the 2019 financial year. The growth is based on the assumptions that there is no deterioration of the macro-economic environment, that no major corporate failures will occur and that tenants will be able to absorb the recovery of rising utility costs and municipal rates. Budgeted rental income was based on contractual escalations and market-related renewals.



The board's intention is to have up to 60% of total direct and indirect property assets as offshore assets. As at December 2017, 46,0% of the group's total direct and indirect property assets were offshore assets.
19-Jan-2018
(Official Notice)
Shareholders are advised that the company?s interim results for the six months ended 31 December 2017, which were due to be released on Thursday, 8 February 2018 will now be released on Friday, 26 January 2018.



The investor presentations will be held in Johannesburg at 9h00 on Tuesday, 30 January 2018 and in Cape Town at 9h00 on Wednesday, 7 February 2018.

18-Jan-2018
(Official Notice)
The Resilient board of directors advises shareholders that a Twitter account created on 17 January 2018 fraudulently purports to be that of the company?s CEO, Des de Beer, who does not have an active Twitter account. Twitter has been notified of this fraudulent account.



Shareholders are advised that Resilient has a Twitter account (@ResilientREIT) which has not to date been active. The directors and management of Resilient do not use social media to disseminate company information or to comment on the company or its performance.
11-Jan-2018
(Official Notice)
Shareholders are advised that Resilient anticipates that the dividend per share for the interim period ended 31 December 2017 will be between 305.35 cents and 306.70 cents per share, being between 13% and 13.5% higher than the 270.22 cents per share for the six months ended 31 December 2016. Trading in the current financial year has been consistent with the prospects previously communicated to shareholders and Resilient confirms that the dividend for the financial year ending 30 June 2018 is anticipated to increase by approximately 13%, as previously guided.



The financial results on which this trading statement is based have not been reviewed or reported on by Resilient?s auditors. The company?s interim results for the six months ended 31 December 2017 will be published on or about 8 February 2018.

08-Nov-2017
(Official Notice)
In terms of the provisions of section 45(5)(a) of the Companies Act 71 of 2008 (?the Act?) and pursuant to the special resolution passed at the annual general meeting of the company on 2 November 2017 authorising the board of directors to provide direct or indirect financial assistance to related and inter-related companies, notification is hereby given that the board of directors of Resilient adopted a resolution authorising Resilient to provide financial assistance to related and inter-related companies of Resilient, which financial assistance exceeds one tenth of one percent of the company?s net worth.
02-Nov-2017
(Official Notice)
Shareholders are advised that at the annual general meeting of shareholders held today (in terms of the notice of annual general meeting dispatched to shareholders on 29 September 2017), all of the resolutions tabled thereat were passed by the requisite majority of Resilient shareholders.



Details of the results of voting at the annual general meeting are as follows:

*total number of Resilient shares that could have been voted at the annual general meeting: 423 075 000.

*total number of Resilient shares that were present/represented at the annual general meeting: 354 489 364 being 83.79% of the total number of Resilient shares that could have been voted at the annual general meeting.



29-Sep-2017
(Official Notice)
Shareholders are advised that Resilient?s integrated report, incorporating the audited financial statements for the year ended 30 June 2017, was dispatched to shareholders on Friday, 29 September 2017, and contains no changes from the preliminary summarised audited consolidated financial statements for the year ended 30 June 2017 which were published on SENS on Thursday, 3 August 2017.



The integrated report contains a notice of annual general meeting for Resilient, which will be held at the company?s registered office, 4th Floor, Rivonia Village, Rivonia Boulevard, Rivonia on Thursday, 2 November 2017 at 10h00. The last day to trade in order to be eligible to participate in and vote at the annual general meeting is Tuesday, 24 October 2017 and the record date for voting purposes is Friday, 27 October 2017.



The integrated report is available on the company?s website, www.resilient.co.za.



Shareholders are hereby notified that in accordance with the JSE Listings Requirements, the company?s annual compliance report in terms of section 13G(2) of the Broad-Based Black Economic Empowerment Act 53 of 2003 read with the Broad-Based Black Economic Empowerment Amendment Act 46 of 2013, has been published and is available on the company?s website, www.resilient.co.za.
29-Sep-2017
(Official Notice)
Resilient advised bondholders that the annual report of Resilient for the year ended 30 June 2017 are available for inspection at the registered office of the Issuer. The annual financial statements have also been made available on Resilient?s website at www.resilient.co.za.
20-Sep-2017
(Official Notice)
Noteholders are hereby advised of the increase in the programme amount of the Resilient Domestic Medium-Term Note Programme, dated 4 October 2010 (the ?Programme?), from ZAR 6 000 000 000.00 to ZAR 10 000 000 000.00, as provided for in the section of the Programme headed ?General Description of the Programme?.



The programme amount has been increased with immediate effect.
22-Aug-2017
(Official Notice)
Shareholders are advised that The Siyakha 2 Education Trust (?the Trust?) has subscribed for 1 983 262 Resilient ordinary shares at an issue price of R126.00 per share (the ?Siyakha shares?), for settlement on 29 August 2017, to be effected in terms of the general authority to issue shares for Black Economic Empowerment purposes granted at Resilient?s annual general meeting of 31 October 2016. The issue and listing of the Siyakha shares remains subject to approval by the JSE. These shares will be issued in addition to the 19 831 529 shares to be issued pursuant to the book build of 22 August 2017. The Trust is a charitable trust focusing on the promotion of black education in South Africa.
22-Aug-2017
(Official Notice)
Shareholders are advised that Resilient has closed its book build. Capital of approximately R2.5 billion was raised at a price of R126.00 per share (the ?new Resilient shares?). Subject to approval by the JSE, listing and trading of the new Resilient shares is expected to commence at 09:00 on Tuesday, 29 August 2017.
22-Aug-2017
(Official Notice)
In light of substantial demand for its shares in response to the earlier announcement of an equity raising through the issue of new ordinary shares (the ?equity raise?), Resilient confirms that it will increase the amount of the equity raise to R2.5 billion.



The book build will close shortly.



Java Capital is acting as sole bookrunner.
22-Aug-2017
(Official Notice)
Subject to pricing acceptable to Resilient, Resilient proposes an equity raise of approximately R750 million (the ?equity raise?) through the issue of new Resilient shares (?new shares?).



The equity raise will be implemented through an accelerated book build process (the ?book build?). The book build is now open and the company reserves the right to close it at any time and to increase the size of the equity raise subject to demand. The new shares, when issued, will be credited as fully paid and will rank pari passu in all respects with the existing shares.



Settlement of the new shares is targeted for Tuesday, 29 August 2017. If the target settlement date is achieved the shares will be issued cum the dividend for the six months ended 30 June 2017. If the target settlement date is not achieved, the new shares will be issued ex such dividend and the price of the new shares will be adjusted accordingly.



Pricing and allocations will be announced as soon as practicable following the closing of the book build. In making allocations, Resilient will have regard to details provided by qualifying investors regarding their existing shareholding.
03-Aug-2017
(C)
Rental revenue rose to R2.4 billion (2016: R2.2 billion). Profit attributable to equity holders of the company lowered to R3.2 billion (2016: R3.9 billion). Furthermore, headline earnings per share dropped to 686.88 cents per share (2016: 869.66 cents per share).



Payment of final dividend

The board has approved and notice is hereby given of a final dividend of 297.07 cents per share for the six months ended 30 June 2017.



Company prospects

Net income from Resilient's South African property portfolio has and will continue to grow faster than the portfolio's retail sales growth reflecting in-force leases and reversions of expiring leases from below market levels to market.



After taxation and in-country gearing, the investment in the two Portuguese malls is forecast to achieve a net return of 8.1% against Resilient's average cost of funding of 8.9%. Resilient did not enter into a cross-currency hedge to neutralise the first year's distribution shortfall. Even though this is not in terms of the currency hedging policy, Resilient wishes to increase its unhedged offshore exposure. The dilution will be offset by the listed offshore portfolio's performance that is expected to perform better than initially anticipated. Nepi Rockcastle and Greenbay are projected to grow their Euro distributions by 15% and 25% respectively. Management has interrogated the growth prospects of these companies and their investments and is confident that they will continue their strong performance in the future.



Resilient's distributions are forecast to increase by approximately 13% for the 2018 financial year and by at least 12% for the 2019 financial year. The growth is based on the assumptions that there is no further deterioration of the macro-economic environment, that no major corporate failures will occur and that tenants will be able to absorb the recovery of rising utility costs and municipal rates. Budgeted rental income was based on contractual escalations and market-related renewals. This forecast has not been audited or reviewed by Resilient's auditors.



The board's intention is to have up to 60% of total direct and indirect property assets as offshore assets. As at June 2017, 40.8% of the group's total direct and indirect property assets were offshore assets (based on fair value). Resilient is currently engaged in a process aimed at acquiring prime retail assets in a European market.
03-Aug-2017
(Official Notice)
01-Jun-2017
(Official Notice)
Shareholders are referred to the joint announcement dated 16 March 2017 regarding the acquisition by Resilient and Greenbay on a 50:50 shareholding basis of the holding company of Forum Coimbra and Forum Viseu for an aggregate cash consideration of EUR219,25 million (the ?acquisition?) and are advised that this acquisition closed successfully on 31 May 2017 and has been fully implemented. The acquisition is a transaction in the ordinary course of business of Greenbay and does not fall under Chapter 13 of the Listing Rules of the Stock Exchange of Mauritius Ltd (?SEM?).
12-Apr-2017
(Official Notice)
Noteholders are advised that the Issuer has formally accepted the rating assigned by Global Credit Rating Co. (?GCR?) on 30 March 2017. GCR has assigned a national scale rating of AA-(za) in the long term and A1+(za) in the short term; with the outlook accorded as Stable.



The ratings reflect Resilient?s established market position, underpinned by prime located regional malls with a defensive rental income profile. The fund?s investment strategy is complemented by its increasing earnings diversification, with substantial investments in international listed assets continuing to deliver strong distribution and capital growth.



The report may be retrieved at www.resilient.co.za.
16-Mar-2017
(Official Notice)
24-Feb-2017
(Official Notice)
Shareholders are referred to Resilient?s condensed unaudited consolidated interim financial statements for the six months ended 31 December 2016 and the dividend tax treatment and salient dates announcements published on SENS on 2 February 2017, wherein shareholders were advised of the dividend of 270.22 cents per share for the six months ended 31 December 2016.



Following the Budget Speech delivered by the Minister of Finance, Pravin Gordhan, on 22 February 2017 wherein the dividends withholding tax rate was increased from 15% to 20%, the draft Rates and Monetary Amounts and Amendment of Revenue Laws Bill has amended section 64E of the Income Tax Act No. 58 of 1962 and the increased dividends withholding tax of 20% applies in respect of any dividend paid on or after 22 February 2017.



Non-resident shareholders are accordingly advised that the net dividend amount due to non-resident shareholders, unless the rate is reduced in terms of any applicable agreement for the avoidance of double taxation (?DTA?) between South Africa and the country of residence of the shareholder, is 216.17600 cents per share and not 229.68700 cents per share as previously disclosed. The tax position in respect of the dividend received by or accrued to South African tax residents remains unchanged.



The salient dates and times and other information provided in respect of the dividend declaration announced on 2 February 2017 remain unchanged.

02-Feb-2017
(Official Notice)
Resilient advised bondholders that the interim results for the period ended 31 December 2016 are available for inspection at the registered office of the Issuer.



The interim results are also available on the Issuer?s website at www.resilient.co.za.
02-Feb-2017
(Official Notice)
02-Feb-2017
(C)
Rental revenue for the interim period was slightly higher at R1.2 billion (R1.1 billion). Profit attributable to equity holders nose-dived to R0.9 billion (R2.6 billion). In addition, headline earnings per share took a knock to 230.27 cents per share (680.04 cents per share).



Interim dividend

The board has approved and notice is hereby given of an interim dividend of 270.22 cents per share for the six months ended 31 December 2016.



Prospects

Resilient's strong tenant profile, quality assets and conservative approach to risk management(gearing, interest rate and currency hedging, sources and tenure of funding) has protected the group from volatility in a world characterised by increased uncertainty.



Dividend income from foreign listed holdings is hedged in line with the following policy:

- hedge 100% of the dividends to be received in the following 12 months;

- hedge 67% of the dividends to be received in months 13 to 24; and

- hedge 33% of the dividends to be received in months 25 to 36.



Resilient's distributions are forecast to increase by between 15% and 17% for the 2017 financial year. The growth is based on the assumptions that a stable macro-economic environment will prevail, no major corporate failures will occur and that tenants will be able to absorb the recovery of rising utility costs and municipal rates. Budgeted rental income was based on contractual escalations and market-related renewals.



As stated in the June 2016 integrated report, the board's intention is to have up to 50% of total direct and indirect property assets as offshore assets. As at December 2016, 39,4% of the group's total direct and indirect property assets were offshore assets (based on fair value). With the challenges currently experienced in Nigeria, the board is considering other direct investment opportunities which meet the criteria of owning dominant regional malls to achieve this goal.
05-Dec-2016
(Official Notice)
Resilient advised shareholders of information regarding its performance in the current interim period as follows: Slower retail sales growth has been recorded for the four months to October 2016. However, Black Friday sales were substantially higher than the previous year and will only reflect in the November 2016 sales figures.



To reduce volatility in dividend income from its foreign listed holdings, the board has amended its hedging policy as follows:

- hedge 100% of the dividends to be received in the following 12 months;

- hedge 67% of the dividends to be received in months 13 to 24; and

- hedge 33% of the dividends to be received in months 25 to 36.



The board is of the view that the resultant increased certainty and predictability outweigh the potential benefits from a weakening Rand. The board has agreed to acquire a further 6% of Mafikeng Mall at a yield of 8%.



In terms of the JSE Listings Requirements, property entities are required to publish a trading statement as soon as they are satisfied that a reasonable degree of certainty exists that the distribution for the period to be reported on next will differ by at least 15% from the distribution for the previous corresponding period. Following recent distribution guidance published by Greenbay Properties Ltd., New Europe Property Investments plc and Rockcastle Global Real Estate Company Ltd., Resilient?s distributions are now forecast to increase by between 15% and 17% for the 2017 financial year.



The financial results for the six months ended 31 December 2016 will be published on or about 2 February 2017.
31-Oct-2016
(Official Notice)
Shareholders are advised that at the annual general meeting of shareholders held today (in terms of the notice of annual general meeting dispatched to shareholders on 29 September 2016), all of the resolutions tabled thereat were passed by the requisite majority of Resilient shareholders.
30-Sep-2016
(Official Notice)
Resilient advises bondholders that the annual report for the period ended 30 June 2016 is available for inspection at the registered office of the company.



The annual report is also available on the company?s website at www.resilient.co.za.







29-Sep-2016
(Official Notice)
Shareholders are advised that Resilient?s integrated report, incorporating the audited financial statements for the year ended 30 June 2016, was dispatched to shareholders on Thursday, 29 September 2016, and contains no changes from the preliminary summarised audited consolidated financial statements for the year ended 30 June 2016 which were published on SENS on Thursday, 4 August 2016.



The integrated report contains a notice of annual general meeting for Resilient, which will be held at the company?s registered office, 4th Floor, Rivonia Village, Rivonia Boulevard, Rivonia on Monday, 31 October 2016 at 10h00.



The last day to trade in order to be eligible to participate in and vote at the annual general meeting is Tuesday, 18 October 2016 and the record date for voting purposes is Friday, 21 October 2016.



The integrated report is available on the company?s website ? www.resilient.co.za.

04-Aug-2016
(Official Notice)
04-Aug-2016
(C)
Rental revenue increased to R2.2 billion (2015: R1.9 billion). Profit for the year attributable to equity holders of the company dropped to R3.9 billion (R5.5 billion). In addition, headline earnings per share decreased to 869.66 cents per share (2015: 132.25 cents per share).



Payment of final dividend

The board has approved and notice is hereby given of a final dividend of 256.27 cents per share for the six months ended 30 June 2016.



Prospects

Resilient?s conservative approach to gearing, sources and tenure of funding as well as interest rate hedging will be maintained albeit at a cost to short-term distribution growth. Resilient?s quality retail property portfolio and its offshore exposure will continue to buffer the group from the volatility in the economy and at the same time enable the group to take advantage of opportunities that arise.



Resilient took advantage of the sharp deterioration of the Rand to forward hedge its income from its offshore investments at rates substantially higher than the prevailing market rates. Distributions are forecast to increase by between 14% and 16% for the 2017 financial year.

21-Jul-2016
(Official Notice)
Shareholders are advised that Resilient anticipates that the dividend per share for the year ended 30 June 2016 will be between 484.43 cents and 492.24 cents per share, being between 24% and 26% higher than the 390.67 cents per share for the year ended 30 June 2015.



The financial results for the year ended 30 June 2016 will be published on or about 4 August 2016.
08-Jun-2016
(Official Notice)
Further to the announcement released earlier, Resilient has been advised by Eagle?s Eye Investments (Pty) Ltd. that it has successfully placed all 3 603 604 Resilient shares at R128.00 per share by way of an accelerated bookbuild.



Java Capital acted as sole bookrunner.
08-Jun-2016
(Official Notice)
Resilient has been advised that Eagle?s Eye Investments (Pty) Ltd. (?Eagle?s Eye?), a participant in Resilient?s BBBEE initiative, has resolved to realise up to 3 603 604 Resilient shares.



Resilient has been advised that the placement will be conducted as an accelerated book build by Java Capital, as bookrunner for Eagle?s Eye.
10-May-2016
(Official Notice)
Shareholders are advised that Dawn Marole has been appointed as an independent non-executive director to the board of Resilient with effect from 10 May 2016.



10-May-2016
(Official Notice)
Shareholders are advised that Resilient has closed its bookbuild. In light of demand the amount of capital to be raised was increased to ZAR1.1 billion through the placing of 8 527 132 new shares at a price of R129.00 per share (the ?new Resilient shares?). Subject to approval by the JSE, listing and trading of the new Resilient shares is expected to commence at 09:00 on Wednesday, 18 May 2016.
10-May-2016
(Official Notice)
Subject to pricing acceptable to Resilient, Resilient proposes an equity raise of approximately R800 million (the ?equity raise?) through the issue of new Resilient shares (?new shares?) in terms of a vendor consideration placing and under the company?s general authority to issue shares for cash.



The equity raise will be offered to qualifying investors through an accelerated bookbuild process conducted on the JSE (the ?bookbuild?). All public and non-public investors (as defined under paragraphs 4.25 ? 4.26 of the JSE Listings Requirements) may participate in the vendor consideration placing and only public investors may participate in the equity raise under the company?s general authority. Applications are subject to a minimum subscription amount of R1 million per applicant. The equity raise is not an offer to the public as referred to in the South African Companies Act, No.71 of 2008, as amended.



The new shares, when issued, will be credited as fully paid and will rank pari passu in all respects with the existing shares. The bookbuild is now open and the company reserves the right to increase the size of the equity raise and close it at any time. Pricing and allocations will be announced as soon as practicable following the closing of the bookbuild.
03-Feb-2016
(Official Notice)
03-Feb-2016
(C)
Rental revenue for the interim period increased to R1.1 billion (2014: R833.4 million). Profit for the period attributable to equity holders of the company was R2.6 billion (2014: R2.1 billion). Furthermore, headline earnings were 680.04 cents per share (2014: 654.87 cents per share).



Interim dividend

The board has approved and notice is hereby given of an interim dividend of 232,46 cents per share for the six months ended 31 December 2015.



Prospects

With increased levels of uncertainty, the volatility in financial markets both in South Africa and internationally is anticipated to continue. Resilient?s conservative gearing and interest rate hedge profile, quality retail assets and international exposure places the group in a strong position to weather the storm. Resilient is also well placed to take advantage of attractive investment opportunities that may arise.



Distributions are forecast to increase by approximately 24% for the 2016 financial year. The projected dividend income from the group?s holdings in Hammerson, Nepi and Rockcastle for the June 2016 dividend is hedged at the following exchange rates.

21-Jan-2016
(Official Notice)
Shareholders are advised that Resilient anticipates that the dividend per share for the six months ended 31 December 2015 will be between 230.17 cents and 233.88 cents per share. This represents an increase of between 24% and 26% on the 185.62 cents per share for the six months ended 31 December 2014. The results reflect the impact of capital raisings, particularly the rights issue of June 2015, which reduced the cost of funding, the decline in the value of the Rand and a solid performance by the property portfolio.



The financial results for the six months ended 31 December 2015 will be published on or about 3 February 2016.
11-Dec-2015
(Official Notice)
Shareholders are advised that Mr Spiro Noussis has resigned as an independent non-executive director of Resilient and Mr Barry Stuhler has been appointed as a non-independent non-executive director and Mr Protas Phili has been appointed as an independent non-executive director to the board of Resilient with effect from 11 December 2015.

07-Dec-2015
(Official Notice)
In preparation for engagement with certain investors, Resilient advises shareholders of information regarding its performance in the current interim period as follows:



Subject to terms and conditions, Resilient has agreed to increase its ownership interest in certain of its retail centres as follows: Highveld Mall: Resilient has acquired an additional 4% to take its interest to 64%; I?langa Mall: Resilient has acquired an additional 5% to take its interest to 90%; Tubatse Crossing: Resilient has acquired an additional 3,5% to take its interest to 100%; Soshanguve Crossing: Resilient has acquired an additional 5% to take its interest to 60%. None of the aforementioned acquisitions are categorisable under the JSE Listings Requirements.



In addition, Resilient has sold Pick n Pay Hypermarket Klerksdorp and transfer is expected before the end of the current interim period ending 31 December 2015.



Resilient?s property portfolio has performed ahead of expectations recording average turnover growth of 9,2% for the 12 month period ended 31 October 2015. The turnover for Circus Triangle, Jubilee Mall and Soshanguve Crossing were adjusted to ensure comparability and Pick n Pay Hypermarket Klerksdorp was excluded. Seven of Resilient?s centres achieved turnover growth exceeding 15%. Kathu experienced negative turnover growth due to two convenience centres opening in its catchment area as well as the distressed conditions in the mining industry.



27-Nov-2015
(Permanent)
Resilient Property Income Fund Ltd. was renamed to Resilient REIT Ltd. on Monday 30 November 2015.
17-Nov-2015
(Official Notice)
Shareholders are referred to the integrated report containing the notice of annual general meeting distributed to shareholders on 30 September 2015 wherein the special resolution and the salient dates and times in respect of the change of name of the company to Resilient REIT Ltd. (the ?change of name?) were published; as well as to the results of the annual general meeting released on SENS on 11 November 2015, wherein shareholders were advised that the special resolution necessary for the change of name would be lodged with the Companies and Intellectual Property Commission (?CIPC?) for registration.



The company is pleased to advise that the special resolution necessary for the change of name has been registered by the CIPC.



Accordingly, the salient dates and times in respect of the change of name are as follows:

*Last day to trade in existing shares on the JSE prior to the change of name -- Friday, 27 November 2015

*Trading in the new name of Resilient REIT Limited on the JSE under the JSE share code ?RES? and ISIN ZAE000209557 commences on Monday, 30 November 2015

*Change of name record date -- Friday, 4 December 2015

*Date of issue of new replacement share certificates, provided that the old share certificates have been lodged by 12:00 on Friday, 27 November 2015, on or about (share certificates received after this time will be posted within 5 business days of receipt) -- Monday, 7 December 2015

*CSDP and broker accounts of dematerialised shareholders to be updated on Monday, 7 December 2015
12-Nov-2015
(Official Notice)
Shareholders are advised that, pursuant to the general authority to issue shares for Black Economic Empowerment purposes granted by shareholders to the company at the annual general meeting held on 11 November 2015 (the ?AGM?), Resilient will issue 8 695 652 ordinary shares totalling R1 billion to The Siyakha Education Trust (?the Trust?) on Friday, 13 November 2015.



In order to enable it to subscribe for the 8 695 652 ordinary shares, Resilient provided financial assistance to the Trust in terms of the authority granted by shareholders to the company at the AGM for the purchase of the company?s ordinary shares for the purposes of effecting Black Economic Empowerment.



The Trust is a charitable trust and is registered as a public benefit organisation. The Trust?s focus is the upliftment of black education in South Africa.
11-Nov-2015
(Official Notice)
Shareholders are advised that at the annual general meeting of shareholders held on Wednesday, 11 November 2015 (in terms of the notice of annual general meeting dispatched to shareholders on 30 September 2015), all of the resolutions tabled thereat were passed by the requisite majority of Resilient shareholders.



Shareholders are advised that special resolution number 1 relating to the change of company name will be lodged with the Companies Intellectual Property Commission (?CIPC?) for registration. A finalisation announcement will be released on SENS once the resolution relating to the change of name has been registered by CIPC.
29-Oct-2015
(Official Notice)
Resilient wishes to advise bondholders that the Annual Report (the AR) for Resilient for the period ended 30 June 2015 is available for inspection at the registered office of the Company. The AR is also available on Resilient?s website at http://resilient.co.za/downloads.htm?Subcategory=2015.



30-Sep-2015
(Official Notice)
Shareholders are advised that Resilient?s integrated report, incorporating the audited financial statements for the year ended 30 June 2015, was dispatched to shareholders on Wednesday, 30 September 2015, and contains no changes from the preliminary summarised audited consolidated financial statements for the year ended 30 June 2015 which were published on SENS on Wednesday, 5 August 2015.



The integrated report contains a notice of annual general meeting for Resilient, which will be held at the company?s registered office, 4th Floor, Rivonia Village, Rivonia Boulevard, Rivonia on Wednesday, 11 November 2015 at 14h00. The last day to trade in order to be eligible to participate in and vote at the annual general meeting is Friday, 30 October 2015 and the record date for voting purposes is Friday, 6 November 2015. The integrated report is available on the company?s website : www.resilient.co.za.

05-Aug-2015
(C)
Rental revenue jumped to R1.9 billion (R1.3 billion). Profit attributable to equity holders shot up to R5.5 million (R3.3 million). In addition, headline earnings per share more than doubled to 1 493.31 cents per share (543.32 cents per share).



Payment of final dividend

The board has approved and notice is hereby given of a final dividend of 205.05 cents per share for the six months ended 30 June 2015.



Prospects

Electricity black-outs have a negative impact on Resilient?s performance through reduced trading hours and loss of parking revenue. Steps are being taken to facilitate continued trading through the use of solar power, generators and inverters.



The board has considered the offer by Fortress to acquire all the shares not already owned by it in Capital and has resolved to accept the offer.



Dividends are forecast to increase by approximately 18% for the 2016 financial year. To provide additional certainty to investors, the Resilient board resolved to hedge the projected dividend income from its holdings in Rockcastle and Nepi for the 2016 financial year.



The growth is further based on the assumptions that a stable macro- economic environment will prevail, no major corporate failures will occur and that tenants will be able to absorb the recovery of rising utility costs and municipal rates. Budgeted rental income was based on contractual escalations and market related renewals. This forecast has not been audited or reviewed by Resilient?s auditors.



At the AGM, the board will propose changing the company?s name to Resilient Ltd.
05-Aug-2015
(Official Notice)
23-Jul-2015
(Official Notice)
Shareholders are advised that Resilient anticipates that the dividend per share for the year ended 30 June 2015 will be between 386.97 cents and 393.53 cents per share, being between 18% and 20% higher than the 327.94 cents per share for the year ended 30 June 2014. The financial results for the year ended 30 June 2015 will be published on or about 5 August 2015.
08-Jul-2015
(Official Notice)
Further to the announcement released earlier today, Resilient has been advised by Eagle?s Eye Investments Pty Ltd that it has successfully placed all 3 603 604 Resilient shares at R92.00 per share by way of an accelerated bookbuild.

08-Jul-2015
(Official Notice)
Resilient has been advised that Eagle's Eye Investments (Pty) Ltd. (?Eagle?s Eye?), a participant in Resilient?s BBBEE initiative, has resolved to realise up to 3 603 604 Resilient shares in order inter alia to settle funding obligations that become due shortly.



Resilient has been advised that the placement will be conducted as an accelerated book build by Java Capital, as bookrunner for Eagle?s Eye, and that interested parties should contact:

Andrew Brooking

Resilient@javacapital.co.za

011 722 3052
22-Jun-2015
(Official Notice)
Shareholders are referred to the circular (the ?circular?) that was posted on Tuesday, 2 June 2015 containing details of the rights offer to Resilient shareholders of a total of 32 696 124 Resilient shares (?rights offer shares?) at an issue price of R85 per share (the ?rights offer?).



Resilient shareholders are notified that the rights offer closed on Friday, 19 June 2015 and are advised that, in respect of the rights offer shares, which were offered to shareholders and/or their renouncees, a total of 45 766 599 Resilient shares, being 140% of the rights offer shares, were applied for in terms of the rights offer.



Applications included excess applications for 13 307 138 Resilient shares, of which 236 663 rights offer shares will be allocated equitably, taking cognisance of the number of shares and rights held by each shareholder immediately prior to such allocation, including those taken up as a result of the rights offer, and the number of excess shares applied for by such shareholder.



Dematerialised shareholders who have subscribed for rights offer shares will have their accounts debited and updated by their CSDP/broker on Monday, 22 June 2015. There are no certificated shareholders who have subscribed for rights offer shares.



Dematerialised shareholders on the share register who applied for excess rights offer shares will have the excess shares allocated to them and their accounts debited by their CSDP/broker on Wednesday, 24 June 2015.



The date of the commencement of trading of the rights offer shares on the JSE is Monday, 22 June 2015.



Following the issue of the 32 696 124 rights offer shares, the total issued share capital of the company will increase to 376 747 796 shares.
26-May-2015
(Official Notice)
Resilient shareholders are referred to the announcement released on SENS on Friday, 22 May 2015 in respect of the rights offer by Resilient (?the rights offer?) in terms of which Resilient shareholders will be offered a total of 32 696 124 Resilient shares (?rights offer shares?) in the ratio of 9.50326 rights offer shares for every 100 shares held by them on Friday, 5 June 2015. Shareholders are advised that the rights offer is unconditional and accordingly the rights offer may now be implemented.



The salient dates and times of the rights offer will be the same as those published in the announcement released on SENS on Friday, 22 May 2015 and published in the press on Monday, 25 May 2015. Resilient shareholders may commence trading in the rights offer shares on Friday, 12 June 2015.
22-May-2015
(Official Notice)
04-Feb-2015
(Official Notice)
04-Feb-2015
(C)
Rental revenue for the interim period grew to R833.4 million (R672.1 million). Profit for the period attributable to equity holders more than doubled to R2.1 billion (R726.7 million). In addition, headline earnings per share shot up to 654.87 cents per share (240.26 cents per share).



Interim dividend

The board has approved and notice is hereby given of an interim dividend of 185.62 cents per share for the six months ended 31 December 2014.



Prospects

Electricity black-outs had a negative impact on Resilient?s performance through reduced trading hours and loss of parking revenue. Steps are being taken to facilitate continued trading through the use of generators and inverters. Although tenants appear to accept the resultant sub-optimal trading conditions, it remains an area of concern and its impact is difficult to quantify.



Distributions are forecast to increase by approximately 16% for the 2015 financial year. The forecast assumes exchange rates of R12.80 and R11.20 to the Euro and US Dollar respectively.



The growth is further based on the assumptions that a stable macro- economic environment will prevail, no major corporate failures will occur and that tenants will be able to absorb the recovery of rising utility costs and municipal rates.



Budgeted rental income was based on contractual escalations and market related renewals.
26-Jan-2015
(Official Notice)
In terms of the JSE Listings Requirements, property entities are required to publish a trading statement as soon as they are satisfied that a reasonable degree of certainty exists that the distribution for the period to be reported on next will differ by at least 15% from the distribution for the previous corresponding period.



Accordingly, shareholders are advised that Resilient anticipates that the distribution per share for the six months ended 31 December 2014 will be between 183.53 cents and 186.72 cents per share, being between 15% and 17% higher than the 159.59 cents per linked unit for the six months ended 31 December 2013.



The financial results on which this trading statement is based have not been reviewed or reported on by Resilient?s auditors. The financial results for the six months ended 31 December 2014 will be published on or about 4 February 2015.
03-Dec-2014
(Official Notice)
Noteholders are hereby advised of the increase in the Programme Amount of the Resilient Domestic Medium Term Note Programme, dated 4 October 2010 (the ?Programme?), from ZAR4 000 000 000 to ZAR6 000 000 000 effective 3 December 2014 as provided for in the section of the Programme headed ?General Description of the Programme?.
21-Nov-2014
(Official Notice)
Shareholders are advised that, pursuant to the general authority to issue shares for cash granted by shareholders to the company at the annual general meeting held on 5 November 2014 (the "AGM"), Resilient has issued 6 097 560 shares at an issue price of R82.00 per share totalling R499 999 920 to The Siyakha Education Trust (the "Trust"). The shares will be listed on Tuesday, 25 November 2014 or as soon as possible thereafter.



Resilient provided financial assistance to the Trust in order to enable it to subscribe for the shares in terms of the authority granted by shareholders to the company at the AGM for the purchase of the company's shares for the purposes of effecting Black Economic Empowerment.



The Trust is a charitable trust and is registered as a public benefit organisation. The Trust's focus is the upliftment of black education in South Africa.
06-Nov-2014
(Official Notice)
Resilient announced an equity raising of approximately R500 million through the issue of new shares (the "equity raise"). The equity raise is subject to pricing acceptable to Resilient.



The equity raising will be implemented through an accelerated bookbuild process (the "bookbuild") and only public investors (as defined under paragraphs 4.25 - 4.26 of the JSE Listings Requirements) will be eligible to participate, subject to a minimum subscription application of R1 million per applicant. The bookbuild is now open and the company reserves the right to close it at any time thereafter.



The new shares, when issued, will be credited as fully paid and will rank pari passu in all respects with the existing shares. Resilient reserves the right to increase the size of the equity raise, subject to demand.



Java Capital is acting as sole bookrunner.
06-Nov-2014
(Official Notice)
Shareholders are advised that at the annual general meeting of shareholders held on Wednesday, 5 November 2014 (in terms of the notice of annual general meeting dispatched to shareholders on 29 September 2014), all of the resolutions tabled thereat were passed by the requisite majority of Resilient shareholders.



Details of the results of voting at the annual general meeting are as follows:

* total number of Resilient shares that could have been voted at the annual general meeting: 312 591 096

* total number of Resilient shares that were present/represented at the annual general meeting: 260 358 432 being 83.29% of the total number of Resilient shares that could have been voted at the annual general meeting.
03-Oct-2014
(Official Notice)
Notice is hereby given to Resilient shareholders, as required in terms of section 45(5)(a) of the Companies Act, 2008 ("the Act") that the board of directors of Resilient ("the board"), in terms of a resolution dated 30 September 2014, had authorised the company to provide a guarantee of R3.585 billion on behalf of its wholly-owned subsidiary, Resilient Properties (Pty) Ltd. ("Resilient Properties") in respect of bank loans raised by Resilient Properties.



The financial assistance has been granted pursuant to the authority granted to the board by Resilient shareholders at the annual general meeting of Resilient held on 13 November 2013.
29-Sep-2014
(Official Notice)
Shareholders are advised that Resilient's integrated report, incorporating the audited financial statements for the year ended 30 June 2014, was dispatched to shareholders on Monday, 29 September 2014, and contains no changes from the preliminary summarised audited consolidated financial statements for the year ended 30 June 2014 which were published on SENS on Tuesday, 5 August 2014.



The integrated report contains a notice of annual general meeting for Resilient, which will be held at the company?s registered office, 4th Floor, Rivonia Village, Rivonia Boulevard, Rivonia on Wednesday, 5 November 2014 at 14h00.



The last day to trade in order to be eligible to participate in and vote at the annual general meeting is Friday, 24 October 2014 and the record date for voting purposes is Friday, 31 October 2014.



The integrated report is available on the company?s website - www.resilient.co.za.

18-Sep-2014
(Official Notice)
14-Aug-2014
(Media Comment)
Financial Mail reported that Des de Beer and his team's ability to make money for Resilient shareholders consistently is underscored by the stellar 20.9% uplift in income payouts achieved for the year to June. That is more than double the average 8% distribution growth that have come out of the listed property sector as a whole so far this year. The fund's core SA portfolio of 26 shopping centres, the bulk of which are located in rural areas and townships, also continues to trade strongly. The share price is up around 22% over the past year versus the sector's average 7%.
13-Aug-2014
(Official Notice)
Shareholders are advised that on 12 August 2014, Resilient issued 7 812 500 shares at an issue price of R64.00 per share totalling R500 000 000 to The Siyakha Education Trust (the "Trust") pursuant to the provision of financial assistance granted to the company at the general meeting held on 30 June 2014, for the purposes of effecting Black Economic Empowerment.



The Trust is a charitable trust and is registered as a public benefit organisation. The Trust's focus is the upliftment of black education in South Africa.
11-Aug-2014
(Official Notice)
Shareholders are referred to Resilient's preliminary summarised audited consolidated financial statements for the year ended 30 June 2014, released on SENS on 5 August 2014.



Given Resilient's capital conversion, detailed in the circular issued to shareholders on 29 May 2014, linked debentures no longer exist within Resilient's capital structure. In light of the capital conversion and in order to provide a meaningful basis of comparison for users of the financial information, management considered it appropriate to present a comparable basic earnings per share figure and a comparable headline earnings per share figure for the year ended 30 June 2014.



The comparable basic earnings per share figure and the comparable headline earnings per share figure are presented in the consolidated statement of comprehensive income and the reconciliation of profit for the period to headline earnings, respectively, and were prepared to enable shareholders to compare the linked unit financial information from the results for the six months ended 30 June 2013 with the results for the year ended 30 June 2014. This comparable financial information has been compiled in a manner consistent with the preparation of basic earnings per linked unit and headline earnings per linked unit for the six months ended 30 June 2013. This comparable financial information was prepared for illustrative purposes only and has not been reviewed or reported on by Resilient's auditors.
05-Aug-2014
(Official Notice)
Shareholders are advised that Rajeshree Sookdeyu has resigned as company secretary and that Monica Muller has been appointed as company secretary with effect from 5 August 2014.
05-Aug-2014
(Official Notice)
05-Aug-2014
(Official Notice)
The following are the maiden results of the company since the change in year end. Revenue for the year was R1.3 billion. Profit for the period attributable to equity holders came in at R3.3 billion. In addition, headline earnings per share were 543.32 cents per share.



Final dividend

The board has approved and notice was given of a final dividend of 168.35 cents per share for the six months ended 30 June 2014.



Prospects

Distributions are forecast to increase by approximately 12% for the 2015 financial year. The forecast assumes exchange rates of R14.00 and R10.20 to the Euro and US Dollar respectively. The growth is further based on the assumptions that a stable macro-economic environment will prevail, no major corporate failures will occur and that tenants will be able to absorb the recovery of rising utility costs and municipal rates. Budgeted rental income was based on contractual escalations and market related renewals.
25-Jul-2014
(Official Notice)
Linked unitholders are referred to the announcement released on SENS on 29 May 2014 wherein the salient dates and times in respect of:

*the conversion of Resilient?s authorised and issued ordinary par value shares to authorised and issued ordinary shares of no par value;

*the increase of Resilient?s authorised share capital;

*the conversion of Resilient?s current linked unit capital structure to an all share structure to be effected by way of a scheme of arrangement in terms of section 114 of the Companies Act, 71 of 2008;

*the amendment of Resilient?s Memorandum of Incorporation to enable the change in Resilient?s capital structure;

*the amendment of Resilient?s Debenture Trust Deed;

*the adoption of a new Memorandum of Incorporation to give effect to the change in Resilient?s capital structure; and

*the subsequent termination of Resilient?s Debenture Trust Deed,

(collectively the transactions) were announced.



The requisite special resolutions in respect of the transactions have been filed with the Companies and Intellectual Property Commission (CIPC) for registration. Registration of the special resolutions in respect of the transaction has been delayed due to backlogs at the CIPC. In consequence, the salient dates for the transactions will need to be revised. The revised salient dates will be announced in due course, once the special resolutions in respect of the transactions have been registered with the CIPC.
16-Jul-2014
(Official Notice)
Shareholders are referred to the company's condensed reviewed consolidated interim financial statements for the six months ended 31 December 2013, released on SENS on 5 February 2014, in which shareholders were advised that Resilient expected its distributions to increase by between 17% and 19% for the 2014 financial year.



Shareholders are advised that Resilient now anticipates that the distributions for the 2014 financial year will increase by between 20% and 21%.



The financial results announcement will be published on or about 5 August 2014.
30-Jun-2014
(Official Notice)
24-Jun-2014
(Official Notice)
29-May-2014
(Official Notice)
29-May-2014
(Official Notice)
27-May-2014
(Official Notice)
19-May-2014
(Official Notice)
Linked unitholders are referred to the circular (the "circular") that was posted on Friday, 25 April 2014 containing details of the rights offer to Resilient linked unitholders of a total of 19 230 769 Resilient linked units ("rights offer linked units") at an issue price of R52 per linked unit (the "rights offer"). Resilient linked unitholders are notified that the rights offer closed on Friday, 16 May 2014 and are advised that, in respect of the rights offer linked units, which were offered to linked unitholders and/or their renouncees, a total of 31 067 265 Resilient linked units, being 161.5% of the rights offer linked units, were applied for in terms of the rights offer.



Applications included excess applications for 12 210 160 Resilient linked units, of which 373 664 rights offer linked units will be allocated equitably, taking cognisance of the number of linked units and rights held by each linked unitholder immediately prior to such allocation, including those taken up as a result of the rights offer, and the number of excess linked units applied for by such linked unitholder. Dematerialised linked unitholders who have subscribed for rights offer linked units will have their accounts debited and updated by their CSDP/broker on Monday, 19 May 2014. There are no certificated linked unitholders who have subscribed for rights offer linked units.



Dematerialised linked unitholders on the linked unit register who applied for excess rights offer linked units will have the excess linked units allocated to them and credited to their accounts by their CSDP/broker on Wednesday, 21 May 2014. The date of the commencement of trading of the rights offer linked units on the JSE is Monday, 19 May 2014. Following the issue of the 19 230 769 rights offer linked units, the total issued linked unit capital of the company will increase to 312 569 839 linked units.
25-Apr-2014
(Official Notice)
Linked unitholders are referred to the announcements released on SENS on 14 April 2014 and 16 April 2014 in relation to the rights offer by Resilient (the rights offer) in terms of which Resilient linked unitholders will be offered a total of 19 230 769 Resilient linked units (rights offer linked units) in the ratio of 6.55582 rights offer linked units for every 100 linked units held by them on Friday, 2 May 2014.



Linked unitholders are advised that the circular in respect of the rights offer was posted today, 25 April 2014 to certificated linked unitholders and will be posted to dematerialised linked unitholders on Tuesday, 6 May 2014. The rights offer circular will be made available on the company?s website www.resilient.co.za from Friday, 25 April 2014.
16-Apr-2014
(Official Notice)
Linked unitholders are referred to the announcement released on SENS on Monday, 14 April 2014 in respect of the rights offer by Resilient ("the rights offer") in terms of which Resilient linked unitholders will be offered a total of 19 230 769 Resilient linked units ("rights offer linked units") in the ratio of 6.55582 rights offer linked units for every 100 linked units held by them on Friday, 2 May 2014.



Linked unitholders are advised that the rights offer is unconditional and accordingly the rights offer may now be implemented.



The salient dates and times of the rights offer will be the same as those published in the announcement released on SENS on Monday, 14 April 2014 and published in the press on Tuesday, 15 April 2014.



Linked unitholders may commence trading in the rights offer linked units on Monday, 12 May 2014.
07-Feb-2014
(Media Comment)
Business Day reported that Resilient Property Income Fund was likely to put itself into a market leading position as a South African property developer in the rest of Africa, because other property funds have still not taken the plunge. Resilient and its joint venture partners, Shoprite and Standard Bank, this week announced they had committed a further R400 million to developing malls in Nigeria. The increase grew the total commitment to Nigerian retail from R600 million to R1 billion.
05-Feb-2014
(C)
Resilient has changed its year-end from 2013 onwards from December each year to June each year, therefore there are no comparatives. Rental revenue was recorded at R684 million, while profit for the period attributable to equity holders was at R726.7 million. Headline earnings per linked unit amounted to 399.85cplu.



Interim distribution

The board has approved and notice is hereby given of an interim distribution of 159.59cplu for the six months ended 31 December 2013.



Prospects

Distributions are forecast to increase by between 17% and 19% for the 2014 financial year. The forecast assumes exchange rates of R13,75 and R10,00 to the Euro and US Dollar respectively. The growth is further based on the assumptions that a stable macro-economic environment will prevail, no major corporate failures will occur and that tenants will be able to absorb the recovery of rising utility costs and municipal rates. Budgeted rental income was based on contractual escalations and market related renewals. This forecast has not been audited or reviewed by Resilient's auditors.
27-Jan-2014
(Official Notice)
Linked unitholders are advised that Resilient anticipates that the distribution per linked unit for the six months ended 31 December 2013 will be between 17% and 19% higher than for the six months ended 31 December 2012. The variance to guidance provided is mainly as a result of turnover rent significantly exceeding budget and the weaker Rand which positively impacted on dividends from Resilient's foreign investments. The financial results announcement will be published on or about 5 February 2014.
04-Dec-2013
(Official Notice)
Resilient has agreed to subscribe for 22 388 060 shares in Rockcastle Global Real Estate Company Limited (Incorporated in the Republic of Mauritius with registration number 108869 C1/GBL) (Rockcastle) in terms of a placement of 90 000 000 new shares undertaken by Rockcastle (the subscription). Resilient is subscribing for the new shares through Rockcastle?s Mauritian share register at a subscription price of USD1.30 per share, equating to an aggregate subscription price of R298 157 094. The subscription price will be settled in cash out of Resilient?s available debt facilities. The Rockcastle shares are expected to be issued, listed and trade on the Alternative Exchange of the JJSE and the Stock Exchange of Mauritius Limited (SEM) from Tuesday, 10 December 2013. The Rockcastle shares will rank for dividends in respect of the period 1 July 2013 to 31 December 2013. Following this subscription Resilient will hold 106 238 060 shares in Rockcastle, equivalent to 20.04% of Rockcastle?s shares in issue.



This additional investment in Rockcastle is in line with Resilient?s strategy to increase its offshore exposure. Rockcastle has a primary listing on the SEM and a secondary listing on the JSE. Rockcastle?s primary objective is to invest in real estate assets and companies with attractive yields with the prospect of capital growth. The additional capital raised by Rockcastle through the placement will be used by it to invest in listed real estate securities and/or direct property in selected jurisdictions. Further information on Rockcastle and its activities is available at www.rockcastleglobalre.mu.
13-Nov-2013
(Official Notice)
Linked unitholders were advised that, at the annual general meeting of the company convened on Wednesday, 13 November 2013 (in terms of the notice of annual general meeting contained in the company's integrated report issued on 30 September 2013), all of the resolutions tabled thereat were passed by the requisite majority of Resilient linked unitholders.
02-Oct-2013
(Official Notice)
Resilient linked unitholders are referred to the announcement released on SENS on Thursday, 15 August 2013 (the announcement), and are advised that Resilient received the Competition Tribunal?s unconditional approval for the implementation of the Arbour Town acquisition, as further detailed in the announcement, on 1 October 2013.

30-Sep-2013
(Official Notice)
Linked unitholders were advised that Resilient's integrated report, incorporating the audited financial statements for the six months ended 30 June 2013, was dispatched to linked unitholders on Friday, 30 September 2013, and contains no changes from the preliminary summarised audited consolidated financial statements which were published on SENS on Tuesday, 6 August 2013.



The integrated report contains a notice of annual general meeting for Resilient, which will be held at the company's registered office, 4th Floor, Rivonia Village, Rivonia Boulevard, Rivonia on Wednesday, 13 November 2013 at 14h00. The last day to trade in order to be eligible to participate in and vote at the annual general meeting is Friday, 1 November 2013 and the record date for voting purposes is Friday, 8 November 2013. The integrated report is available on the company's website:www.resilient.co.za.
15-Aug-2013
(Official Notice)
Resilient, which currently owns 10% of the issued share capital of Arbour Town (Pty) Ltd. ("Arbour Town"), has concluded an agreement with Marketcorp Holdings 46 (Pty) Ltd. ("Marketcorp"), L Peens, J Peens, S Peens, A Beauregard and R Parbhoo to acquire the remaining 90% of the issued share capital of Arbour Town together with Marketcorp?s claim on loan account against Arbour Town (the "Arbour Town acquisition").



Terms and conditions precedent

The purchase price of R1 937 430 000 payable in respect of the Arbour Town acquisition is payable by Resilient in cash on the effective date. Resilient will receive R548 611 111 in cash from the Fortress disposal resulting in a net purchase price of R1 388 818 889. In the event that the effective date is delayed beyond 30 November 2013, the purchase price will be increased by an amount of R340 000 per day with effect from 1 December 2013 to the effective date. The agreement governing the Arbour Town acquisition (the "Arbour Town acquisition agreement") provides for warranties and indemnities that are standard for acquisitions of this nature. The Arbour Town acquisition is subject to the suspensive condition that the Competition Commission or the Competition Tribunal approves the implementation of the Arbour Town acquisition within 90 days from the date of signature of the Arbour Town acquisition agreement, failing which the Arbour Town acquisition agreement will never become of any force or effect.



Valuation

Arbour Crossing and The Galleria were valued at R2 197 000 000 as at 1 July 2013 by Peter Parfitt of Quadrant Properties (Pty) Ltd., who is independent and registered as a professional valuer in terms of the Property Valuers Profession Act, No 47 of 2000.



Categorisation

The Arbour Town acquisition is a category 2 transaction in terms of the JSE Listings Requirements and accordingly does not require approval by linked unitholders.
06-Aug-2013
(C)
Resilient has changed its year-end from 2013 onwards from December each year to June each year, therefore there are no comparatives. Rental revenue was recorded at R625.6 million, while profit for the period attributable to equity holders was at R2 billion. Headline earnings per linked unit amounted to 323.78cplu.



Distribution

The board has approved and notice is hereby given of a final cash interest distribution of 136.23cplu for the six months ended 30 June 2013.



Prospects

Distributions are forecast to increase by between 12% and 16% for the 2014 financial year. The forecast assumes exchange rates of R12,00 and R9,00 to the Euro and US Dollar respectively. The growth is further based on the assumptions that a stable macro-economic environment will prevail, no major corporate failures will occur and that tenants will be able to absorb the recovery of rising utility costs. Budgeted rental income was based on contractual escalations and market related renewals. This forecast has not been audited or reviewed by Resilient's auditors.



21-Jun-2013
(Official Notice)
Unitholders are advised that Resilient?s application for Real Estate Investment Trust (REIT) status has been approved by the JSE Limited. Resilient will qualify as a REIT with effect from the beginning of its next financial year, being 1 July 2013.

10-May-2013
(Permanent)
Resilient has changed its year-end from 2013 onwards from December each year to June each year.
10-May-2013
(Official Notice)
To facilitate the application of Real Estate Investment Trust (REIT) status to Resilient, Resilient's financial year end will, with effect from 30 June 2013, change from 31 December to 30 June. The change in the financial year end will not affect Resilient's distribution periods which will continue to be in respect of the six month periods ended 30 June and 31 December. To comply with paragraph 3.15 of the JSE Listings Requirements, Resilient will publish:

*abridged audited results for the 6 months ending 30 June 2013 within three months of 30 June 2013; and

*an integrated report and notice of annual general meeting (with audited financial statements for the 6 months ending 30 June 2013) within six months of 30 June 2013.



Voluntary trading statement

For information purposes only:

Linked unitholders are advised that for the six months ending 30 June 2013, Resilient anticipates that its distribution per linked unit will be approximately 12% higher than for the previous corresponding period. The growth in distribution is higher than previously guided by Resilient, at 10%, reflecting overall trading conditions including exchange rates which have been more favourable than as expected during the current period.



The growth is based on the assumptions that a stable macro-economic environment will prevail, no major corporate failures will occur and that tenants will be able to absorb the recovery of rising utility costs. Budgeted rental income was based on contractual escalations and market related renewals.
26-Apr-2013
(Official Notice)
Linked unitholders are advised that at the annual general meeting of shareholders and debenture holders of Resilient held on Friday, 26 April 2013 all of the resolutions as proposed at the meeting were passed by the requisite majority of members. Jorge da Costa, Phumelele Msweli and David Lewis have therefore retired from the board of Resilient with effect from 26 April 2013.
05-Apr-2013
(Official Notice)
28-Mar-2013
(Official Notice)
Linked unitholders were advised that Resilient's integrated report, incorporating the audited financial statements for the year ended 31 December 2012, was dispatched to linked unitholders on Thursday, 28 March 2013, and contains no changes from the condensed consolidated audited financial statements which were published on SENS on 6 February 2013.



The integrated report contains a notice of annual general meeting for Resilient, which will be held at the company?s registered office, 4th Floor, Rivonia Village, Rivonia Boulevard, Rivonia on Friday, 26 April 2013 at 14h00.
22-Mar-2013
(Official Notice)
06-Feb-2013
(Official Notice)
Linked unitholders are advised that independent non-executive director Jorge da Costa and non-executive director Phumelele Msweli will be retiring at Resilient's next annual general meeting (the AGM). This is in line with the board's strategy of rotating directors serving for nine or more years. Executive director David Lewis will also retire at the AGM as he will be relocating to Durban. He will however remain employed by Resilient.
06-Feb-2013
(C)
Net rental and related revenue jumped to R793.8 million (R603.4 million). Profit for the year attributable to equity holders shot up to R1.2 billion (R770.1 million). Furthermore, headline earnings per linked unit shot up to 457.86 cents per linked unit (354.04 cents per linked unit).



Distribution

The board has approved of a cash final interest distribution (distribution number 20) of 134.93 cents per linked unit for the six months ended 31 December 2012.



Prospects

The board is confident that growth in distributions of approximately 10% will be achieved for the 2013 financial year. The growth is based on the assumptions that a stable macro-economic environment will prevail, no major corporate failures will occur and that tenants will be able to absorb the recovery of rising utility costs. Budgeted rental income was based on contractual escalations and market related renewals.
01-Oct-2012
(Official Notice)
Linked unitholders were advised that on 27 September 2012 the board of directors of Resilient approved the issue of 5 208 000 linked units to The Siyakha Education Trust ("the new linked units"). The new linked units will be issued at R48.00 per linked unit, representing a discount of 1.6% to the 30-day volume-weighted average price of Resilient linked units prior to 27 September 2012. The new linked units will be issued and listed on 2 October 2012, in line with the approval received from the JSE. Resilient is providing financial assistance for this R250 million BEE transaction that will mature on 1 October 2022.
08-Aug-2012
(Official Notice)
Linked unitholders are advised that Mr Spiro Noussis has been appointed to the board of Resilient as an independent non-executive director with effect from 8 August 2012.
07-Aug-2012
(C)
Rental revenue increased to R569.6 million (R393 million). Net attributable profit rose to R257.8 million (R183.4 million). In addition, headline earnings per linked unit grew to 224.75c (194.60cplu).



Distrubution

The board has approved and notice was given of a cash interim interest distribution (distribution no 19) of 120.74cplu for the six months ended 30 June 2012. This interest distribution is not subject to dividend withholding tax.



Outlook

The board is confident that growth in distributions of approximately 10% will be achieved for the 2012 financial year. The growth is based on the assumptions that a stable macro-economic environment will prevail, no major corporate failures will occur and that tenants will be able to absorb the recovery of rising utility costs. Budgeted rental income was based on contractual escalations and market related renewals.
08-Jun-2012
(Official Notice)
Unitholders were advised that the boards of Resilient and PFM (a wholly-owned subsidiary of Resilient, which manages Capital Property Fund ("Capital") in terms of the trust deed (the "deed") which established and governs Capital as a PUT) have resolved to propose an amendment to the deed to change the service charge payable to PFM as remuneration for its services in terms of the deed from a fixed fee to a cost recovery fee, against payment to PFM of a cancellation payment. The amendment will better align the interests of the manager with those of investors in Capital and is considered to be consistent with investor preferences and best practice globally regarding management and governance for the sector. Resilient and PFM are in the process of determining the details of the proposed amendment and cancellation payment, which will be subject inter alia to the requisite unitholder and regulatory approvals. It is not envisaged that financial effects of the proposed amendment will be material to Resilient or Capital.
16-May-2012
(Official Notice)
Linked unitholders were advised that at the annual general meeting of shareholders and debenture holders ("members") of Resilient held on Wednesday, 16 May 2012 all of the resolutions as proposed at the meeting were passed by the requisite majority of members. Rory Turner has therefore retired from the board of Resilient with effect from the AGM
11-May-2012
(Media Comment)
The Financial Mail reported that Resilient has entered into a joint venture with Shoprite Holdings Ltd. to build 10 shopping centres in Nigeria. The deal is worth more than R1 billion and also involves Standard Bank Group Ltd. and Group Five Ltd. Resilient MD Des de Beer believes Nigeria offers better potential returns than South Africa.
30-Mar-2012
(Official Notice)
Linked unitholders were advised that the company's integrated report, incorporating the audited financial statements for the year ended 31 December 2011, was dispatched on Friday, 30 March 2012, and contains no changes from the audited results which were published on SENS on 8 February 2012. The integrated report contains a notice of annual general meeting for Resilient, which will be held at the company's registered office, 4th Floor, Rivonia Village, Rivonia Boulevard, Rivonia on Wednesday, 16 May 2012 at 14h00.
07-Mar-2012
(Official Notice)
Linked unitholders are advised that Ms Umsha Reddy has been appointed to the board of Resilient as an independent non-executive director with immediate effect.
08-Feb-2012
(C)
Rental revenue for the year ended December 2011 was higher at R876.5 million (R587.7 million), however profit for the year attributable to equity holders was lower at R770.1 million (R993.9 million). Headline earnings per linked unit increased to 354.04cplu (346.41cplu).



Distribution

The board has approved and notice is hereby given of a final interest distribution of 121.35cplu for the six months ended 31 December 2011.



Prospects

The board is confident that growth in distributions of approximately 10% will be achieved for the 2012 financial year. The growth is based on the assumptions that a stable macro-economic environment will prevail, no major corporate failures will occur and that tenants will be able to absorb the recovery of rising utility costs. Budgeted rental income was based on contractual escalations and market related renewals. This forecast has not been audited or reviewed by Resilient's auditors.
27-Oct-2011
(Official Notice)
Linked unitholders are referred to the announcement released on SENS on 21 September 2011, regarding the proposed special resolutions relating to:

*the provision of financial assistance (as defined in the Act) to a related company (as defined in the Act)or an inter- related company (as defined in the Act)in terms of section 45 of the Act; and

*the payment of remuneration to Resilient's directors as directors in terms of section 66 of the Act, which proposed special resolutions were submitted to linked unitholders for consideration by written consent of linked unitholders in terms of section 60 of the Act.

Linked unitholders are advised that each of the proposed special resolutions was supported by the requisite majority of persons entitled to exercise voting rights thereon and accordingly each of the proposed special resolutions have been adopted by Resilient in terms of section 60(2) of the Act.

21-Sep-2011
(Official Notice)
09-Sep-2011
(Official Notice)
Linked unitholders were advised that Daniel Rodrigues has resigned as alternate director to Jorge da Costa, with immediate effect.
30-Aug-2011
(Official Notice)
Linked unitholders were advised that Resilient has concluded an agreement with Capital Property Fund ("Capital") for the acquisition of Boardwalk Shopping Centre, situated in Krugerrand Road, Richards Bay (the "property") from Capital (the "transaction").



Terms of transaction and conditions precedent

The effective date of the transaction is 1 December 2011 and the consideration of R1.028 billion payable by Resilient to Capital in respect of the property will be settled on the date of registration of transfer of ownership of the property by the issue of 16 211 238 Resilient linked units and the payment of R514 million in cash. The transaction is subject to:

* approval by Capital's unitholders; and

* approval by the Competition authorities.



Financial effects

Before - after:

* Basic earnings per share : 73.45 - 65.08

* Basic earnings per linked unit : 182.81 - 172.60

* Diluted earnings per share : 70.40 - 62.54

* Diluted earnings per linked unit : 175.22 - 165.85

* Headline earnings per share : 85.24 - 80.04

* Headline earnings per linked unit : 194.60 - 187.56

* Diluted headline earnings per share : 81.70 - 76.92

* Diluted headline earnings per linked unit : 186.52 - 180.23

* Weighted average number of shares/linked units in issue : 249 634 021 - 265 845 259

* Diluted weighted average number of shares/linked units in issue : 260 444 832 - 276 656 070.
10-Aug-2011
(C)
Rental income increased to R393 million (June 2010:R268.3 million). Net profit for the period attributable to equity holders rose to R183.4 million (June 2010:R82.1 million). In addition, headline earnings per linked unit grew to 194.60cplu (June 2010: 122.41cplu).



Distribution

An interim distribution of 109.36cplu has been declared.



Outlook

The board is confident that growth in distributions of between 8% and 9% will be achieved for the 2011 financial year. The growth is based on the assumptions that a stable macro-economic environment will prevail, no major corporate failures will occur and that tenants will be able to absorb the recovery of rising utility costs. Budgeted rental income was based on contractual escalations and market related renewals. This forecast has not been audited or reviewed by Resilient's auditors.
20-Jun-2011
(Official Notice)
Unitholders were advised that Resilient has acquired the remaining 50% of The Grove not already owned by it. The Grove is a 40 709sqm mall situated in Equestria, Pretoria and was acquired at a 8.25% capitalisation rate and for a cash consideration of R356.4 million. Resilient took transfer of the property on 9 June 2011.
19-May-2011
(Official Notice)
Linked unitholders were advised that:

* Bryan Hopkins has been appointed as an independent non-executive director of the board of Resilient and member of the audit committee,

* former financial director, Andries de Lange has been appointed as chief operating officer;

* former company secretary, Nick Hanekom has been appointed as financial director; and

* Rajeshree Sookdeyu has been appointed as company secretary, all with effect from 17 May 2011.
17-May-2011
(Official Notice)
Shareholders were advised that at the annual general meeting of shareholders and debenture holders ("members") of Resilient held on Tuesday, 17 May 2011 all of the resolutions as proposed at the meeting were passed by the requisite majority of Resilient members. Mr Mashamba Mkhuva Sydney Malabie who was eligible for re-election, did not offer himself for re-election. Sydney has therefore retired from the board of Resilient.
06-Apr-2011
(Official Notice)
Linked unitholders are advised that the company's annual report, incorporating the audited financial statements for the year ended 31 December 2010, was dispatched on Thursday, 31 March 2011, and contains no changes from the audited results which were published on SENS on 9 February 2011.



The annual report contains a notice of annual general meeting for Resilient, which will be held at the company's registered office, 4th Floor, Rivonia Village, Rivonia Boulevard, Rivonia on Tuesday, 17 May 2011 at 14h00.

09-Feb-2011
(C)
Recoveries and contractual rental revenue for the year ended December 2010 was R572.1 million (R530.4 million), while profit for the year attributable to equity holders was up at R993.9 million (R396.6 million). Headline earnings per linked unit was 346.41c (282.32c).



Distribution

The board has approved and notice is hereby given of a final interest distribution (distribution no 16) of 111.23 cents per linked unit for the six months ended 31 December 2010.



Prospects

Management remains concerned about property operating costs escalating at a higher rate than gross rentals which limits growth in distributions. The Mall of the North which opens in April 2011 is, however, expected to have a positive impact on distributions. Growth in distributions of approximately 8% is forecast for the 2011 year. The growth is based on the assumptions that a stable macro- economic environment will prevail, no major corporate failures will occur and that tenants will be able to absorb the recovery of rising utility costs. Budgeted rental income was based on contractual escalations and market related renewals. This forecast has not been audited or reviewed by Resilient`s auditors.
29 Sep 2010 16:28:40
(Official Notice)
Linked unitholders are advised that Mr Jeff Zidel has resigned as a non- executive director of Resilient, with immediate effect.
12 Aug 2010 13:01:29
(C)
Rental income decreased to R268.3 million (June 2009:R283.7 million). Net profit for the period attributable to equity holders rose to R82.1 million (June 2009:R59.0 million). In addition, headline earnings per linked unit grew to 122.41cplu (June 2009: 104.99cplu).



Distribution

An interim distribution of 100.60cplu has been declared.



Outlook

The second half of the current financial year will be negatively impacted on by increased bank margins on the new facilities, particularly the replacement of the Conduit facility, as well as the relatively low acquisition yield on the 25% additional interest in I`langa Mall. The results will be positively impacted on by significantly lower rates achieved on interest rate swaps as well as the attractive yields achieved on the Park Central Bloemfontein acquisition and the Highveld Mall extension. The board is confident that the forecast growth in distributions of approximately 10% for the 2010 financial year will be achieved. This forecast has not been audited or reviewed by Resilient's auditors.
02 Aug 2010 09:05:37
(Media Comment)
Business Day reported that, Resilient Property Income Fund, Attfund and Metropolitan Life Properties have won the investment property databank awards for 2009in the retail, office and industrial properties sector.
07 May 2010 17:00:57
(Official Notice)
At the annual general meeting of shareholders and debenture holders of Resilient held on Friday, 7 May 2010, all of the resolutions as proposed at the meeting were passed by the requisite majority of Resilient shareholders and debenture holders.
31 Mar 2010 13:11:54
(Official Notice)
Linked unitholders were advised that the company's annual report, incorporating the audited financial statements for the year ended 31 December 2009, was dispatched on 31 March, and contains no changes from the audited results which were published on SENS on 4 February 2010. The annual report contains a notice of annual general meeting for Resilient, which will be held at the company's registered office, 4th floor, Rivonia Village, Rivonia Boulevard, Rivonia, Gauteng, on Friday, 7 May 2010 at 15h00.
04 Feb 2010 17:44:44
(C)
Recoveries and contractual rental revenue for the year ended December 2009 was R530 417 (R388 918 for 2008). Headline earnings per linked unit (cents) was 282,32 (137,67 for 2008). The board has approved and notice is hereby given of a final interest distribution (distribution no 14) of 102,62 cents per linked unit for the six months ended 31 December 2009.



Prospects

Retail trading conditions are anticipated to gradually improve during 2010 which should be positive for growth in rentals. The board remains concerned about the substantial increase in the cost of services, particularly electricity, which has a direct impact on tenants' cost of occupancy. The distribution per linked unit is forecast to increase by approximately 10% compared with the 2009 financial year.
29 Oct 2009 17:59:23
(Official Notice)
Unitholders are advised that an agreement was concluded between Resilient, as vendor, and Fortress Income Fund Ltd, a newly listed property loan stock company ("Fortress"), as purchaser, pursuant to which Resilient disposed of the entire issued share capital of and shareholder claims against its wholly owned subsidiary Fortress Income 2 (Pty) Ltd ("Fortress Income 2") to Fortress ("the disposal agreement") (hereinafter referred to as "the transaction"). Fortress Income 2 owns 19 properties valued at R665 402 100 ("the properties").



Terms and conditions precedent

With effect from 1 October 2009 ("the effective date"), Resilient disposed of Fortress Income 2 for an aggregate purchase price of R665 402 100 which purchase price was settled as follows:

*By the allotment and issue or delivery to Resilient of 63 213 200 "A" linked units in Fortress at R9,00 per "A" linked unit and 63 213 200 "B" linked units in Fortress at R1,00 per "B" linked unit

*The balance of the purchase price for cash in an amount of R33 270 100. Save for Mussina shopping centre valued at R28,5 million, all properties have been transferred to Fortress Income 2.



The disposal agreement contains warranties normal for disposals of this nature. All of the conditions precedent to which the disposal agreement was subject have been fulfilled.

12 Aug 2009 16:42:38
(Official Notice)
Mr Daniel Goncalves Rodrigues has been appointed to the board of Resilient as an alternate director to Mr Jose Jorge Goncalves (Jorge) da Costa, with immediate effect.
12 Aug 2009 16:32:56
(C)
Rental income increased to R283.7 million (R151.4 million). Net profit for the period attributable to equity holders improved to R59 million (loss of R230.8 million). In addition, headline earnings per linked unit grew marginally to 107.73cplu (106.54cplu).



Distribution

An interim distribution of 91.51cplu has been declared.



Outlook

Resilient's property portfolio and equity investments continue to perform well despite the difficult macroeconomic environment. The group is well positioned to achieve growth in distributions for the full financial year similar to that achieved for this interim period.
03 Aug 2009 17:53:51
(Official Notice)
Linked unitholders are advised that the Resilient group, its subsidiaries and associate company)has disposed of a portfolio consisting of three industrial properties and a 25% undivided share in vacant zoned land to Capital Property Fund



The effective date of the transaction is 1 August 2009 and the consideration of R611,5 million will be settled on the date of registration of transfer of ownership of the Resilient portfolio by the issue of 98 629 032 Capital units at R6,20 per unit to various subsidiaries within the Resilient group.
22 Jul 2009 12:13:41
(Official Notice)
Resilient anticipates that the distribution per linked unit for the six months ended 30 June 2009 will be between 14.5% and 15.5% higher than for the six months ended 30 June 2008. The interim financial results announcement will be published on or about 13 August 2009.
30 Jun 2009 11:10:54
(Official Notice)
Linked unitholders are advised that the status of Mr. Jeffrey Nathan Zidel has changed from executive director to non-independent non-executive director with immediate effect.
06 May 2009 15:05:57
(Official Notice)
At the annual general meeting of shareholders and debenture holders of Resilient held on Wednesday, 6 May 2009 (in terms of the notice of annual general meeting contained in the Resilient annual report), all of the resolutions were passed by the requisite majority of Resilient shareholders and debenture holders.
01 Apr 2009 09:19:27
(Official Notice)
Linked unitholders are advised that the company's annual report, incorporating the audited financial statements for the year ended 31 December 2008, was dispatched today, and contains no changes from the audited results which were published on SENS on 4 February 2009. The annual report contains a notice of annual general meeting for Resilient, which will be held at the company's registered office, 4th Floor, Rivonia Village, Rivonia Boulevard, Rivonia, Gauteng, on Wednesday, 6 May 2009 at 14h00.
11 Mar 2009 16:38:51
(Official Notice)
Linked unitholders are advised that Resilient has completed a general issue of units for cash (the "issue for cash") in terms of the general authority granted by members at the annual general meeting held on Wednesday, 23 April 2008 (the "general authority"). In total 13 639 926 Resilient linked units have been placed with independent public unitholders in terms of the general authority, as follows: 4 651 162 on 19 December 2008 at R21.50 per linked unit (a premium of 0.09% to the volume weighted average trading price ("VWAP") for the 30 days prior to the date on which the general issue was agreed, being 4 December 2008 and 8 988 764 on 12 March 2009 at R22.25 per linked unit (a 4.18% discount to the VWAP for the 30 days prior to the date on which the general issue was agreed, being 26 February 2009.
04 Feb 2009 18:20:03
(C)
The distribution for the 2008 financial year increased to 169.98c per linked unit, an increase of 18.28% over the distribution for the previous financial year.



Prospects

Retail trading conditions are expected to remain difficult in 2009 but little or no deterioration in rental collections or increase in vacancies in the portfolio is anticipated. Although retrenchments in the resource sector could impact on some of Resilient's centres it should be compensated for by the increases in social grants. Resilient's record of strong growth in distributions will continue in 2009, albeit at a slower rate than in 2008.
27 Jan 2009 10:10:23
(Official Notice)
Resilient anticipates that the distribution per linked unit for the six months ended 31 December 2008 will be between 19% and 20% higher than for the six months ended 31 December 2007 and further anticipates that the distribution per unit for the 12 months ended 31 December 2008 will be between 17.5% and 18.5% higher than for the 12 months ended 31 December 2007. The annual financial results announcement will be published on or about 5 February 2009.
07 Aug 2008 17:36:28
(C)
The group reported a loss for the interim period of R230.75 million compared to a profit of R178.10 million for the previous year. The distribution of 79.49c per linked unit for the six months ended 30 June 2008 represents a 16.95% increase over the distribution for the comparable prior period.



Prospects

All Resilient's properties are new or have been substantially refurbished over the last few years. A reduction of major refurbishment costs will provide an underpin for earnings growth over the next few years. The projected yield on new developments is anticipated to exceed the yield of the assets to be disposed of to fund these developments. Resilient's record of strong growth in distributions is anticipated to continue for the foreseeable future.
06 Aug 2008 16:58:32
(Official Notice)
Linked unitholders are advised that Ms Thembakazi Iris Chagonda has been appointed to the board of Resilient as an independent non-executive director with immediate effect.
02 Jul 2008 09:18:56
(Official Notice)
Resilient anticipates that the distribution per linked unit for the six months ended 30 June 2008 will be between 16% and 17% higher than for the previous corresponding period. The annual financial results announcement will be published on or about 7 August 2008.
13 Jun 2008 10:27:52
(Official Notice)
Resilient and Diversified linked unitholders are referred to the announcement released on SENS on 11 June 2008 and are advised that the Order of Court sanctioning the scheme of arrangement, proposed by Resilient between Diversified and its linked unitholders, has been registered by the Registrar of Companies. Accordingly, all conditions precedent to the scheme have been fulfilled. The salient dates regarding the implementation of the scheme remain as set out in the announcement released on SENS on 10 June 2008 and published in the press on 11 June 2008.
11 Jun 2008 08:16:38
(Official Notice)
Diversified Property Fund Ltd ("Diversified") linked unitholders were advised that the High Court of South Africa sanctioned the scheme of arrangement ("the scheme") proposed by Resilient between Diversified and its linked unitholders (other than Resilient). It is anticipated that a copy of the Order of Court sanctioning the scheme will be registered by the Registrar of Companies on 12 June 2008. Save for the approval by the Competition Authorities, which is anticipated on 11 June 2008, all the conditions precedent to the scheme will have been fulfilled upon registration of the Order of Court. The salient dates regarding the implementation of the scheme are anticipated to be as follows:

*Results of court hearing published in the press on Wednesday,11 June 2008

*Receipt of Competition Authority approval on Wednesday,11 June 2008

*Registration of Order of Court on Thursday,12 June 2008

*Finalisation date on Thursday,12 June 2008

*Last day to trade in order to participate in the scheme consideration on Friday, 20 June 2008

*Suspension of listing of Diversified linked units on Monday, 23 June 2008

*Scheme consideration record date, being the date on which scheme participants must be recorded in the register to receive the scheme consideration, by close of trading on Friday, 27 June 2008

*Operative date of the scheme on Monday, 30 June 2008

*Scheme consideration posted to certificated scheme participants (if documents of title are received on or prior to 12:00 on the scheme consideration record date) on or about Monday, 30 June 2008

*Termination of listing of Diversified linked units on Monday, 30 June 2008
02 Jun 2008 12:29:47
(Official Notice)
Resilient linked unitholders are referred to the general meetings of Resilient shareholders and Resilient debenture holders held on Monday, 2 June 2008 and are advised that the requisite majority of Resilient shareholders and Resilient debenture holders respectively, approved all resolutions relating to the acquisition by Resilient of 100% of the linked units in Diversified Property Fund Ltd (Diversified) pursuant to a scheme of arrangement between Diversified and its linked unit holders.



The salient times and dates relating to the corporate action is set out in the circular to Resilient linked unitholders dated 9 May 2008. Any changes to these salient times and dates will be announced on SENS and in the press.
23 Apr 2008 14:39:39
(Official Notice)
At the annual general meeting of shareholders and debenture holders of Resilient held on Wednesday, 23 April 2008 (in terms of the notice of annual general meeting contained in the Resilient annual report), all of the resolutions proposed were passed by the requisite majority of Resilient shareholders and debenture holders.
02 Apr 2008 16:52:19
(Official Notice)
22 Feb 2008 15:53:29
(Official Notice)
Linked unitholders are advised that discussions are in progress which, if successfully concluded, may have a material effect on the price of the company's securities. Accordingly, unitholders are advised to exercise caution when dealing in the company's securities until a further announcement is made.
07 Feb 2008 18:17:28
(C)
A distribution of 143.71c (75.74c) per linked unit has been declared for the 12 months ended 31 December 2007. This represents a 19.78% increase over the distribution for the previous financial year. Resilient's portfolio of 15 retail centres performed well during the financial year. The strategy of investing only in dominant centres in target markets placed Resilient in a strong position to continue this performance in a challenging macro economic and retail trading environment. Resilient's pipeline of new developments has been strengthened.



Prospects

Resilient's property portfolio consists of either new developments or retail centres that have been refurbished during the past three years. The portfolio is well positioned to benefit from the continued expansion of the resources sector as well as the emerging black middle class. The 2008 financial year will have the positive impact of a full year's earnings from Highveld Mall and the extensions to Mvusuludzo Mall. These developments achieved yields of 10% and 11.6% respectively and are earnings enhancing for Resilient. The board anticipates strong growth for the 2008 financial year.
23 Jun 2006 16:44:52
(Official Notice)
At the general meeting held at Resilient's registered offices today, all the resolutions contained in the notice of general meeting in respect of the specific issue of linked units for cash were passed by the requisite majority of members.
08 Jun 2006 11:10:03
(Official Notice)
The company is currently in discussions with potential BEE equity investors that, if successfully concluded, will result in a BEE equity investment of R200 million in the issued unit capital of the company. The board has resolved to proceed initially with a specific issue of 10 810 811 linked units (8.13% of linked units in issue) for cash to Eagle's Eye Investments (Pty) Ltd , a wholly-owned subsidiary of Resilient, at an issue price of R18.50 per linked unit for a total aggregate amount of R200 million. The specific issue is subject to approval by linked unitholders in general meeting and a meeting has been convened for Friday, 23 June 2006, at 11:00 at the offices of the company (2nd Floor, 66 Park Lane, Sandton, 2196).
25 Apr 2006 16:52:49
(Official Notice)
Linked unitholders are advised that Resilient has exercised its option to acquire the remaining 50% of Diamond Pavilion, a regional retail centre in Kimberley, for R118m



Resilient currently owns 50% of Diamond Pavilion, a 28 918 m2 regional retail shopping centre in Kimberley, and has the option to acquire the remaining 50% of this centre. Resilient now exercised its option and, through its wholly owned subsidiary Resilient Properties 2 (Pty) Ltd, entered into an agreement to acquire the additional 50% of Diamond Pavilion from Broadbrush Investments 49 (Pty) Ltd at a forward yield of 12%. The board is of the opinion that the market value exceeds the purchase price of the property. No independent valuation was performed by a professional valuer.
05 Apr 2006 14:36:22
(Official Notice)
At the fourth annual general meeting held at Resilient's registered offices today, all the resolutions contained in the notice of annual general meeting were passed by the requisite majority of members.
13 Mar 2006 14:08:56
(Official Notice)
Further to Resilient's reviewed abridged financial report for the year ended 31 December 2005, published on SENS on 10 February 2006, the annual report was posted to members today. The annual report contains no modifications to the published reviewed abridged financial report. The annual general meeting will be held at 11:00 on Wednesday, 5 April 2006 at the companys registered office, 2nd Floor, 66 Park Lane, Sandown, Sandton.
10 Feb 2006 09:33:22
(C)
Gross rental income decreased by 2.44% to R174.3 million (R178.6 million) while profit attributable to equity holders increased by 151.69% to R456.9 million (R181.5 million). Net asset value increased by 51.09% to R11.12 (R7.36). During the past financial year Resilient disposed of its industrial properties portfolio and of its smaller retail properties to Diversified Property Fund, a new listed property loan stock company.



Distribution

The board approved a final distribution of 52.15cpu for the 6 months to 31 December 2005.



Prospects

Resilient has an excellent pipeline of properties coming on stream, all of which are strongly yield enhancing. Diamond Pavilion and Northam Shopping Centre are scheduled to open in April and achieve yields of 14% and 12% respectively. Jabulani Mall is due to open in November at a guaranteed yield of 10%. The Witbank Mall is due to open in April 2007 and will not impact on the 2006 results. The intention is to finance the new investments and extensions from existing facilities, equity raised from the planned BEE initiative and by reducing Resilient's equity investments. The cost of the above sources of capital are lower than the yield being achieved on the investments. Considerable expenses was incurred by Resilient in the 2005 financial year to restructure the company's fixed interest rate profile. In addition the company's financiers agreed to reduce margins on their loans. These initiatives will favourably impact on 2006 financial results. The board is of the view that Resilient is well positioned for strong growth in the 2006 financial year and that the company will achieve growth and distributions per unit exceeding 15%.
07 Feb 2006 16:08:31
(Official Notice)
Resilient announced that it entered into an agreement to acquire Jabulani Mall, a retail centre in Soweto, for R207 million. The centre is currently under construction and is due for completion in November 2006. The acquisition would be funded from existing cash resources and additional borrowing facilities and is payable based on progress certificates. The acquisition has no significant effect on Resilient's net asset value per linked unit and tangible net asset value per linked unit as at 30 June 2005.
18 Jan 2006 11:34:05
(Official Notice)
Resilient linked unitholders are advised that Mr MH Muller has resigned as an alternate director to Mr MJN Njeke, who is an independent non-executive director, with effect from 17 January 2006.
10 Jan 2006 11:47:59
(Official Notice)
Linked unitholders are advised that Resilient has entered into an agreement to acquire Highveld Mall, a retail centre in Witbank, for R270 million. The centre is currently under construction and is due for completion in April 2007.



Details and rationale for the acquisition

Upon successful completion of the centre, Resilient will own 60% of this 40 000 m2 retail centre. Resilient purchased the land at a cost of R11.4 million. The development agreement provides Resilient with a guaranteed yield of 10%. Resilient is therefore not exposed to any development risk. The centre will be anchored by Edgars, Woolworths and Pick `n Pay. The acquisition is consistent with Resilient's strategy of investing in dominant retail in outlying areas. The land purchase agreement is for a 60% undivided share of Erven 1715 - 1716 Del Judor Extension 27 Township, Province of Mpumalanga and was entered into with Emalahleni Local Municipal Council on 8 December 2005. The development agreement is with RMS Assets (Pty) Ltd and Falcon Forest Trading 89 (Pty) Ltd and was entered into on 5 December 2005. Resilient's directors are of the opinion that the purchase price represents the fair value of the development. No independent valuation was performed by a professional valuer.



Consideration and financial effects

The net cash consideration will be funded from existing cash resources and additional borrowing facilities and is payable based on progress certificates. The acquisition has no significant effect on Resilient's net asset value per linked unit and tangible net asset value per linked unit as at 30 June 2005, and financial effects have therefore not been included. The forecast revenue for the 8 months ending 31 December 2007 amounts to R20 million. The forecast net profit before tax and forecast net profit for the 8 months ending 31 December 2007 amounts to R2 million. These forecast figures have not been reviewed by Resilient's auditors and are based on a 10% first year net yield and funding cost of 9%.
03 Oct 2005 17:45:19
(Official Notice)
Resilient linked unitholders are informed that Mr J J van Wyk has resigned as company secretary with immediate effect and Mr N W Hanekom will succeed him as the new company secretary of Resilient.
03 Oct 2005 15:32:12
(Official Notice)
Resilient linked unitholders are advised that, at the general meeting held at 66 Park Lane, Sandton today, the ordinary resolutions ratifying and approving:

* the disposal of all the shares in and claims against Diversified Properties (Pty) Ltd ("Diversified Properties") to Diversified Property Fund Ltd; and

* the disposal of 12 500 000 Capital Property Fund units to Diversified Properties,

were passed by the requisite majority of Resilient linked unitholders present at the general meeting or represented by proxy.
22 Sep 2005 14:30:26
(Official Notice)
Linked unitholders are advised that Resilient has completed a general issue of units for cash in terms of the general authority granted by members at the annual general meeting held on 15 March 2005. In total 6 250 000 Resilient linked units were placed with independent public unitholders on 20 September 2005, at an issue price of R12.00 (R11.78 ex-distribution). Units are being issued at a 3.6% discount to the 30 day volume weighted average price calculated on 16 September 2005. This is equivalent to a 5.4% discount to the ex distribution price. Additional units will rank pari passu with existing units in issue, including the right to a distribution for the period ending 31 December 2005.



Proceeds and listing

In total, R75m was raised in cash, being R1.4m in pre-paid distribution and the balance in capital. The issue increases linked units in issue from 124 603 384 to 130 853 384. Resilient has applied to the JSE for listing of the additional units with effect from Friday, 23 September 2005. The proceeds from the issue for cash will be used to reduce debt.



Financial effects

The issue for cash had no material effect on headline earnings, distribution or net asset value per linked unit and has not been disclosed. Earnings per linked unit, on a pro forma basis, reduces by 4.8% from 80.82c per linked unit to 76.94c per linked unit.
16 Sep 2005 14:57:38
(Official Notice)
Resilient linked unitholders are advised that a circular has been posted today regarding the disposals. A general meeting of Resilient linked unitholders will be held on Monday, 3 October 2005 at 11h00 in order that requisite approvals for the disposals be obtained from Resilient linked unitholders. The general meeting of Resilient linked unitholders will be held at Resilient`s new premises, 66 Park Lane, Sandton, Johannesburg. Copies of the aforementioned circular may be obtained during normal business hours from today at the company`s existing premises, 57 6th Road, Hyde Park and from the company`s new premises, being 66 Park Lane, Sandton, from 23 September, 2005.
05 Sep 2005 15:41:26
(Official Notice)
The directors of Resilient have conceptualised the proposed listing of Diversified Property Fund Ltd (`Diversified`) to take advantage of certain attractive opportunities in rural retail developments. It is expected that Diversified will be listed on the `Financials - Real Estate` sector of the JSE in early October 2005. The listing is subject to inter alia JSE approval, the fulfilment of all agreements entered into by Diversified and Competition Authority approval.



In anticipation of this new listing, Resilient has entered into an agreement with Diversified dated 30 August 2005 for the disposal of all its shares in and claims against Diversified Properties, a wholly owned subsidiary of Resilient which was incorporated to facilitate the sale of Resilient assets into the proposed listing. With effect from 1 October 2005 (being the effective date of the first sale agreement), Resilient Properties (Pty) Ltd, a wholly owned subsidiary of Resilient, will sell the properties known as Isando Business Park, City Deep Industrial Park, Vryheid Plaza, Taxi Centre Polokwane, Shoprite Vryheid, Main Road Wynberg, Jet Park Mini Factories, Jet Stores Queenstown and Chemserve Spartan, to Diversified Properties. Further to this, Resilient Properties has entered into an agreement with Diversified Properties dated 31 August 2005, in terms of which Resilient Properties will dispose of 12 500 000 Capital units to the value of R50m on the effective date, being 1 October 2005.



Consideration for the disposals

The total consideration for the disposals is R362.15m, to be settled through the issue of 28 972 000 Diversified linked units of R5 each amounting to a value of R144.86m, with the balance of the consideration to be settled in cash. Subject to the disposals, Resilient will hold approximately 32.7% of Diversified units in issue. This holding is expected to reduce to approximately 27.4% after the private placing which precedes the proposed listing of Diversified. It is Resilient`s intention to retain the consideration units in the short to medium term. The cash portion of the consideration will be used to reduce existing borrowings.
05 Aug 2005 14:27:44
(C)
The retail sector remains buoyant and turnover rentals have again exceeded expectations. In addition, Resilient is benefiting from its active refurbishment and redevelopment programme of the past two years. Resilients` strategy is to increase the retail focus of the portfolio. Demand for industrial space in Gauteng currently exceeds supply, with resulting upward pressure on rentals. Higher rental levels have in turn encouraged new development, particularly of large warehousing and distribution facilities. It is nonetheless anticipated that the industrial property market will remain firm for at least the next two years. During the period under review, R2.5m of distributable income was expended on further improving the company`s fixed interest rate profile. Distributions for the period under review reflect growth of 8.76% as against the previous 6 months and 12.25% as against the comparable first half of the previous financial year. Growth for the full 2005 financial year is forecast to exceed 12%, compared with the 2004 financial year.



The board has approved an interim distribution of 47.94c per linked unit for the 6 months to 30 June 2005. The last date to trade linked units cum-distribution will be Friday, 26 August 2005 and trading will commence ex-distribution on Monday, 29 August 2005. The record date to participate in the distribution will be Friday, 2 September 2005. Payment of the distribution will be made to linked unitholders on Monday, 5 September 2005.
15 Jun 2005 10:47:55
(Media Comment)
Resilient plans to list a new property company on the JSE called Diversified Property Fund. The new company, planning to list by the end of 2005, aims to focus on rural areas in South Africa and low-risk African countries like Botswana and Zambia. Colin Young, property sector head of Old Mutual Asset Management, told Business Day that he supports the decision for a new property company listing.
06 Jun 2005 13:17:24
(Official Notice)
Jacobus Johann Kriek has been appointed as an executive director to the board of Resilient as of 6 June 05.
08-Oct-2015
(X)
Resilient is an internally asset managed REIT listed on the JSE. Its strategy is to invest in dominant regional retail centres with a minimum of three anchor tenants and let predominantly to national retailers. It further invests in listed and offshore property related assets.


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