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13-Nov-2018
(Official Notice)
Shareholders are referred to the company?s quarterly newsletter that is available on Texton?s website.



For full details please visit: http://www.texton.co.za/company-information/REPORTS-PUBLICATIONS
30-Oct-2018
(Official Notice)
29-Oct-2018
(Official Notice)
In compliance with paragraph 3.59 of the Listings Requirements of the JSE Limited, the Board of Directors of Texton ("the Board") hereby notifies its shareholders that, with immediate effect, Ms Shelley Thomas has been appointed as an Independent Non-Executive Director.

11-Oct-2018
(Official Notice)
In compliance with paragraph 3.59 of the Listings Requirements of the JSE Ltd., the board of directors of Texton (?the Board?) hereby notifies its shareholders that:

*Mr Dempsey Naidoo, the Non-executive Chairman of Texton, has notified the board that he will not make himself available for re-election as a Director at the upcoming annual general meeting of the Company in November 2018 (?AGM?) in order to facilitate a succession which has been planned. Dempsey has played a significant role in the Company since listing in 2011, and the board thanks him for his many years of dedicated service to Texton during his tenure and wishes him well in his future endeavours.



The board will notify shareholders of the Chairman?s replacement in due course;

*Mr. Trurman Zuma has notified the board that he will not make himself available for election as a non-executive director at the upcoming AGM due to significant work commitments. The board thanks him for his contribution and also wishes him well in his future endeavours

*Mr. John Alastair Legh has notified the board that he will not make himself available for re-election as a director at the upcoming AGM but will be making himself available as an alternate director to non-executive director, Thys van Heerden and accordingly, the board looks forward to his continued contribution to the Company in this role.

*Mr. Andrew Hannington has been appointed as Independent Non-executive Director and as a member of the Company?s audit and risk committee with effect from 11 October 2018.



Hermanstad electricity agreement

In the condensed consolidated financial statements released on SENS on 1 October 2018, the Hermanstad electricity agreement entered into in December 2015 between Texton, the trustees of the Nooitgedacht Family Trust (of which Thys van Heerden is a trustee and beneficiary), Chick Legh and Kuper Legh Property Management Proprietary Limited was disclosed as a related party transaction. On 9 October 2018, this agreement was cancelled for no consideration.
01-Oct-2018
(Official Notice)
01-Oct-2018
(C)
Revenue for the year lowered to R588.9 million (R598.8 million) whilst operating profit decreased to R352.9 million (437.2 million). Loss attributable to equity holders to equity holders came to R61.5 million (profit of R123.4 million). In addition, headline earnings per share dipped to 14.54 cents per share (113.60 cents per share).



Dividend

Notice is hereby given of the declaration of dividend number 11 of 41.36 cents per share for the final six-month period to 30 June 2018, bringing the total dividends for the year ended 30 June 2018 to 89.31 cents per share. The dividend was declared out of income reserves.



Company prospects

Texton's portfolio is defensively positioned in both of the markets in which it operates, however, vacancies in the SA portfolio are expected to increase over the short term which will result in lower net property income in the 2019 financial year. The cost of tenancy continues to pose a challenge, with low economic growth forecast for SA and continued uncertainty around Brexit perpetuating a challenging operating environment for Texton. We continue to place significant focus on tenant retention and the filling of our vacancies through active asset management.



Texton aims to reduce its LTV ratio to ultimately achieve a level of 40% or lower. A significant portion of the proceeds from our various disposals will be applied to paying down facilities in order to achieve this. It is anticipated that the reduction will take time particularly in light of the R180 million fee paid to cancel the asset management contract in the 2018 financial year.
17-Sep-2018
(Official Notice)
The board of directors of Texton (?the board?) notified its shareholders that Mr Marius Muller (?Marius), currently an Independent Non-Executive Director of the board, has been appointed as Texton?s Interim Chief Executive Officer with immediate effect in order to effect a handover from Ms Balfour, the incumbent Chief Executive Officer.



The process to appoint a permanent Chief Executive Officer is underway.
14-Sep-2018
(Official Notice)
The board of directors of Texton notified its shareholders that Ms Nosiphiwo Balfour has resigned as Texton?s Chief Executive Officer with effect from 31 October 2018. This will not impact the release of the results on 28 September 2018.



An interim Chief Executive Officer is in the process of being appointed and a further announcement will be made in due course.
13-Sep-2018
(Official Notice)
Further to the cautionary announcement dated 23 August 2018, wherein Texton Shareholders were advised that the Company has received communication from the Public Investment Corporation SOC Ltd. ("PIC") (as representative of the Government Employees Pension Fund ("GEPF")) relating to the funding granted by GEPF to Texton Broad-Based Empowerment (RF) (Pty) Ltd. ("BEE SPV") and the Put Option which was granted by Texton to GEPF as security for the obligations of BEE SPV under the loan agreement between GEPF and BEE SPV.



BEE SPV has provided communication to the PIC that it is unable to remedy the default as at the prescribed date being, 12 September 2018. The Put Option Agreement contemplates that the PIC has the right to procure the sale of the Option Shares to restore any covenant or remedy any breach. Given the current share price and the illiquid volume of the Texton share the sale will not restore or remedy any covenant breach and therefore the PIC has notified Texton that they are exercising the Put Option.



As per the previous cautionary announcement, this matter is subject to shareholder approval via special resolution and further communication will follow in this regard. Per the Put Option Agreement the settlement is due within 90 days of receipt of the exercise notice, subject to compliance with the Companies Act and the JSE Listings Requirements and any other regulatory approvals required.



Pursuant to the announcement dated 30 August 2018 regarding the postponement of the Company?s results, the Board wishes to advise shareholders that the Company?s results for the year ended 30 June 2018 will be released on 28 September 2018. The Company?s results presentations will be held on 1 and 2 October 2018 in Johannesburg and Cape Town respectively.



The Put Option matter continues to be a priority for Texton?s Board of Directors and its advisors, and all processes will be followed in the responsible management of shareholder interests. Essential to this is the commitment to transparent and open communication with shareholders and all stakeholders, therefore the Company will provide further announcements as soon as it is in the position to do so.



This matter may have a material effect on the price of the Company?s securities. Accordingly, shareholders are advised to exercise caution when dealing in the Company?s securities.
04-Sep-2018
(Official Notice)
The board of directors of Texton (?the Board?) hereby notifies its shareholders that Ms Shaheeda Mia has resigned as an independent non-executive director of the board with immediate effect.



Texton will commence the process to appoint an independent non-executive director to the board and the Company?s audit and risk committee, and shareholders will be advised once such an appointment has been made.
31-Aug-2018
(Official Notice)
Shareholders are referred to the cautionary announcement released on SENS on 23 August 2018 (and using terms defined therein), in terms of which shareholders were advised that the Company has received communication from the PIC relating to the funding granted by GEPF to BEE SPV and the Put Option which was granted by Texton to GEPF.



Accordingly, shareholders are hereby advised that the publication of the Company?s results for the year ended 30 June 2018, which were due to be released on SENS on Monday 3 September 2018, will be postponed. The Company?s results presentations, which were due to be held on 3 and 4 September 2018 in Johannesburg and Cape Town respectively, have been cancelled until further notice.



This matter continues to be a priority for Texton?s board of directors and its advisors, and all processes will be followed in the responsible management of shareholder interests. Essential to this is the commitment to transparent and open communication with shareholders and all stakeholders, therefore the Company will provide further announcements as soon as it is in the position to do so.



Shareholders will be advised as to the revised release date of the Company?s financial results and its results presentation, which release date will be no later than 28 September 2018 in compliance with the JSE Listings Requirements.
23-Aug-2018
(Official Notice)
Texton Shareholders are advised that the Company has received communication from the Public Investment Corporation SOC Ltd. ("PIC") (as representative of the Government Employees Pension Fund ("GEPF")) relating to the funding granted by GEPF to Texton Broad-Based Empowerment (RF) (Pty) Ltd. ("BEE SPV") and the Put Option which was granted by Texton to GEPF as security for the obligations of BEE SPV under the loan agreement between GEPF and BEE SPV.



PIC has notified Texton that there is a default event by BEE SPV under the loan agreement and PIC has called upon BEE SPV to remedy such default event. The PIC has indicated that it intends exercising its rights under the Put Option Agreement as explained below.



For shareholders' information, in terms of the Put Option Agreement:

*If BEE SPV fails to remedy the default event within the prescribed time period, then GEPF, with Texton's approval (which approval shall not be unreasonably withheld or delayed), is entitled to exercise its rights under the cession and pledge agreement between BEE SPV and GEPF and to sell the Texton shares pledged to it by BEE SPV.

*If the default event remains unremedied, then GEPF is entitled to exercise the Put Option in terms of which Texton will be required to repurchase the Texton shares from GEPF.

*Any such repurchase is subject to compliance with the Companies Act, No. 71 of 2008 (?Companies Act?) and the JSE Listings Requirements, which includes, but is not limited to, Texton shareholder approval by special resolution and confirmation by the Board of Directors of Texton (?the Board?) that the Company will satisfy the solvency and liquidity test in terms of the Companies Act.



This matter is currently being assessed by the Board and its advisors and a further announcement will be made in due course.



This matter may have a material effect on the price of the Company?s securities. Accordingly, shareholders are advised to exercise caution when dealing in the Company?s securities.
02-Aug-2018
(Official Notice)
Shareholders are referred to the Company?s quarterly newsletter that is available on Texton?s website. For full details please visit: www.texton.co.za/company-information/REPORTS-PUBLICATIONS

28-Jun-2018
(Official Notice)
The Texton Management Team cordially invites shareholders to join a pre-close conference call on Friday, 29 June 2018 at 11am (South African Standard Time) to provide an update in respect of the full year financial period ending 30 June 2018.
13-Jun-2018
(Official Notice)
Shareholders are advised that Salamax 1842 (Pty) Ltd., trading as Motif Capital Partners (?Motif?), has been appointed as Texton?s company secretary with effect from 1 July 2018.



Motif is an independent company secretarial and corporate governance advisory service provider.
22-May-2018
(Official Notice)
The Board of Directors of Texton (?the Board?) hereby notifies its shareholders that Mr Marius Muller and Mr Marcel Golding have been appointed as an Independent Non-Executive Director and Non-Executive Director of the Company, respectively, with effect from 21 May 2018.



Resignation of company secretariat

In compliance with paragraph 3.59 of the JSE Listings Requirements, shareholders are advised that Mr Nqaba Sokabo has resigned as Texton?s company secretary with effect from 30 June 2018. The process to appoint a suitable replacement is ongoing and shareholders will be advised once such an appointment has been made.
21-May-2018
(Official Notice)
The Board of Directors of Texton (?the Board?) is pleased to inform shareholders that the Company has, as detailed below, concluded sale of rental enterprise agreements (?Agreements?) with Equites Property Fund Limited (?Equites?) and various wholly-owned subsidiaries thereof for the acquisition of a portfolio of logistics properties, being Erf 37225 Milnerton (?Crossroads?), Unit 1 SS Execujet Business Centre 49/2009 (?Execujet Hangar?), Erf 159592 Cape Town (?Madrid Road?) and Erf 174566 Cape Town (?Montreal Road?) (?the Acquisition?), for an aggregate purchase consideration of R205.3 million at a proposed acquisition yield of 9.4%.



The Acquisition is consistent with Texton?s investment strategy of acquiring portfolio enhancing industrial properties which offer long-term, sustainable income streams and provide an attractive, risk adjusted return profile. This investment also improves Texton?s tenant and sectoral profiles by reducing its exposure to office properties whilst improving the percentage of large national tenancies underpinned by strong tenant covenants. The portfolio provides exposure to logistics assets that are well suited to the current macro- economic environment and will be earnings accretive for Texton.



The details pertaining to the Acquisition are set out in paragraph below. The effective date of the Acquisition will be the transfer date.



The Acquisition is subject to the fulfilment of the following suspensive condition:

- The sale and all transactions contemplated in the Agreements (to the extent necessary) being unconditionally approved by the Competition Authorities in terms of the Competition Act, or conditionally approved on terms and conditions which each of the purchaser and seller confirms in writing to the other to be acceptable to it.
09-May-2018
(Official Notice)
Shareholders are referred to the company?s quarterly newsletter that is available on Texton?s website.



For full details please visit: http://www.texton.co.za/company-information/REPORTS-PUBLICATIONS
17-Apr-2018
(Official Notice)
06-Apr-2018
(Official Notice)
Luna Group (Pty) Ltd. and Wikalox Investments (Pty) Ltd., investment vehicles held by the Wiese family, have opted to dispose of their interests in Texton in order to effect strategic re-alignment of their investment portfolios. Dr Wiese?s relationship with Texton will continue through his significant holding in Tradehold Ltd. which co-owns Broadstreet Mall with Texton. Oak Tech Trading (Pty) Ltd.?s investment in Texton advances its property exposure and Texton looks forward to a mutually beneficial relationship.



Changes to the Board of Directors ? Resignation of Director and Alternate Director

The Board of Directors of Texton (?the Board?) advised its shareholders that Adv Jacob Daniel Wiese has resigned from the Board with effect from 5 April 2018. Mr Kenneth Collins, being the alternate director to Adv Jacob Daniel Wiese, has accordingly resigned as an alternate director with effect from 5 April 2018.
05-Mar-2018
(Official Notice)
05-Mar-2018
(C)
Revenue for the period increased to R303.2 million (2016: R300.3 million), operating profit fell to R197.1 million (2016: R342.4 million), profit for the period plunged to R10.5 million (2016: R240.2 million), while headline earnings per share dropped to 2.99 cents per share (2016: 68.52 cents per share).



Cash dividend

Notice was given of the declaration of the gross interim dividend number 13 of 47.95 cents per share for the interim six-month period to 31 December 2017.



Company prospects

Low economic growth associated with the current South African environment coupled with economic uncertainty in the UK has perpetuated a challenging operating environment for Texton. While the Company is defensively positioned, downward pressure on rentals, combined with a sluggish economy impacting tenants, has resulted in a low growth environment for Texton.



Texton continues to focus on active asset management to ensure tenant retention and improved efficiencies as well as the filling of our vacancies. Texton continues to explore possibilities to increase exposure to prime industrial assets in South Africa and reduce the office exposure because we recognise that, from an acquisition perspective, high-yield assets in the industrial sector are limited. We have continued the disposal of smaller assets, below the R50 million threshold, which are management intensive.



With Texton's lease expiry profile for the 2018 financial year having reduced significantly to 14,3%, it remains the core focus of the asset management team to proactively engage with tenants and finalise lease renewals.
01-Feb-2018
(Official Notice)
Shareholders are referred to the Company?s quarterly bulletin that is available on Texton?s website. For full details please visit: www.texton.co.za/company-information/REPORTS-PUBLICATIONS
17-Jan-2018
(Official Notice)
Shareholders are referred to the announcement released on SENS on 19 December 2017, wherein shareholders were advised that Ms Inge Pick, Texton?s Chief Financial Officer was appointed as the Company?s interim Company Secretary and that a recruitment process for a suitable permanent candidate was underway.



Texton advised shareholders that Mr Nqaba Sokabo (?Nqaba?) has been appointed as Texton?s Company Secretary with effect from 1 February 2018.
19-Dec-2017
(Official Notice)
Shareholders are referred to the announcement released on SENS on 11 December 2017, wherein shareholders were advised that Texton Board of Directors (?The Board?) had terminated the services of CIS Company Secretaries (Pty) Ltd. and that the Company had taken the decision to internalise the role of company secretary.



Shareholders are advised that Texton has undertaken a recruitment process for a suitable candidate for this role and the appointment will be communicated in due course.



The Board has made the decision to appoint Ms Inge Pick, Texton?s Chief Financial Officer, as the company secretary in the interim, until a suitable replacement has been found. Ms Pick has previously held the role of Company Secretary of Pangbourne Properties Ltd. and Capital Property Fund.
15-Dec-2017
(Official Notice)
11-Dec-2017
(Official Notice)
Shareholders are advised that Texton has terminated the services of CIS Company Secretaries (Pty) Ltd. (?CIS?) with immediate effect. A decision was taken to internalise the role of company secretary. The process to appoint a suitable replacement is ongoing and shareholders will be advised once such an appointment has been made.
29-Nov-2017
(Official Notice)
Shareholders are referred to the pre-close conference call announcement released on SENS on 14 November 2017 (?the Conference Call?). The Conference Call will take place today, 29 November 2017 at 10am (South African Standard Time). The Conference Call will provide an update in respect of the interim financial period ending 31 December 2017.



Shareholders are advised of the following salient details that will be discussed during the Conference Call:

*Update on operations and letting; and

*Dividend guidance for the period ending 31 December 2017.



The anticipated flat dividend growth rate reflects the challenging operating environment for Texton arising from economic and political uncertainty in South Africa, the vacancies in the portfolio and Brexit related concerns. A recording of the Conference Call will be available on Texton?s website thereafter: www.texton.co.za/home



Any financial information mentioned in this announcement or the Conference Call has not been reviewed or reported on by the Company?s auditors.

24-Nov-2017
(Official Notice)
Further to the cautionary announcement dated 7 July 2017, and the subsequent renewal of cautionary announcement, dated 4 October 2017, Texton shareholders are advised that the Board has made the decision to withdraw the cautionary. Following a detailed evaluation of the strategic options available to Texton, Texton entered into exclusive discussions with a third party on non-binding terms, which resulted in a reciprocal due diligence being performed. The exclusivity was agreed with the counterparty as the Board believed that this transaction was the best option identified at that point in time to unlock shareholder value.



During the course of the process, the Board resolved that it will no longer pursue this option as it is not in the best interest of Texton shareholders. Texton has chosen to terminate these exclusive discussions, and as such, shareholders are advised that caution is no longer required to be exercised when dealing in Texton shares. Texton Management will provide a business outlook and update for the interim financial period to 31 December 2017 on the pre-close conference call scheduled for Wednesday 29 November 2017.

24-Nov-2017
(Official Notice)
Texton shareholders are advised that at the Annual General Meeting of Texton held on 23 November 2017, all the resolutions as set out in the notice of Annual General Meeting, save for ?ordinary resolution number 7: Re-appointment of Ms KN Vundla as a director?, ?ordinary resolution number 10: Re-appointment of Ms KN Vundla as a member of the audit and risk committee?, and ?ordinary resolution number 11: Re-appointment of auditor (KPMG Inc.)?, which were withdrawn prior to the Annual General Meeting, were passed by the requisite majority of shareholders. Shareholders are referred to the announcements released on 23 November 2017 for further details.
23-Nov-2017
(Official Notice)
The board of directors of Texton (?the board?) hereby notified its shareholders of the following changes to the board with effect from 23 November 2017:

* Ms Kyansambo Vundla has resigned as Independent Non-Executive Director with effect from 23 November 2017.



Accordingly, shareholders are referred to ordinary resolution number 7 (Re-appointment of Ms KN Vundla as a director) and ordinary resolution number 10 (Re-appointment of Ms KN Vundla as a member of the audit and risk committee) included in the Notice of Annual General Meeting, attached to and forming part of the Integrated Annual Report 2017, in respect of the Annual General Meeting to be held on Thursday, 23 November 2017 (?AGM?), and are advised that such resolutions were withdrawn prior to the AGM.



* Subsequently, the board takes the pleasure in welcoming Mr Trurman Zuma, who has been appointed as an Independent Non-Executive Director and as Chairperson of the Remuneration - Nomination Committee of the Company with effect from 23 November 2017.



Trurman has held directorships on several listed property entity boards for more than 10 years and holds a stake in one of South Africa?s largest accounts receivable management companies, where he has assumed the role of strategic director. He joined Sanlam Personal Finance in August 2016 as Head of Recurring Savings. Trurman also held the role of Head of Global Research and Investments for South Africa and Africa for Barclays and Absa, during which time he held positions on numerous boards for the Absa Group.



Trurman is a CA (SA) and holds a BComm and PGradDip (Acc) from the University of Natal (Durban) in 1997. He was awarded a scholarship to study at Harvard Business School, and completed his Program for Management Development in 2004.
23-Nov-2017
(Official Notice)
Texton Shareholders are advised in terms of paragraph 3.78 of the JSE Listings Requirements that Sizwe Ntsaluba Gobodo have been appointed as the Company?s external auditors for the current financial year ending 30 June 2018, with Priya Madhav as designated audit partner, replacing KPMG Inc.



The change in audit firm is effective immediately, and was initiated by Texton as part of a review of service providers conducted by the Audit - Risk Committee, due to the recent reputational concerns raised regarding KPMG.



Furthermore, shareholders are referred to ordinary resolution number 11 (Reappointment of auditors) included in the Notice of Annual General Meeting, attached to and forming part of the Integrated Annual Report 2017, in respect of the Annual General Meeting to be held on Thursday, 23 November 2017 (?AGM?), and are advised that such resolution will be withdrawn prior to the AGM.
14-Nov-2017
(Official Notice)
The Texton management team cordially invites shareholders to join a pre-close conference call on Wednesday, 29 November 2017 at 10am (South African Standard Time) to provide an update in respect of the interim financial period ending 31 December 2017. Shareholders may pre-register to participate in this conference call by following the link below: goo.gl/sf9weJ

03-Nov-2017
(Official Notice)
The Board of Directors of Texton advised shareholders that the Company has appointed Merchantec Capital as Sponsor to the Company, with effect from 1 November 2017.
30-Oct-2017
(Official Notice)
Texton shareholders are kindly advised that the Company?s quarterly newsletter for the period ended 30 September 2017 is now available on Texton?s website.



For full details please visit: www.texton.co.za/company-information/NEWS

20-Oct-2017
(Official Notice)
Notice is hereby given that the company?s annual compliance report in terms of section 13(G)2 of the Act has been submitted and the certificate is available on the company?s website at www.texton.co.za.
04-Oct-2017
(Official Notice)
Further to the cautionary announcements released on SENS dated 7 July 2017 and 22 August 2017, Texton shareholders (?Shareholders?) are advised that the company?s board of directors is still in the process of considering various strategic alternatives available to the company, the outcome of which may have an effect on Texton?s ordinary shares.



Accordingly, Shareholders are advised to continue to exercise caution when trading in Texton?s ordinary shares until a further announcement has been made.
29-Sep-2017
(Official Notice)
Shareholders are advised that the audited Company and Group annual financial statements for the year ended 30 June 2017 are available on the company's website: www.texton.co.za, today Friday 29 September 2017 together with the 2017 integrated annual report and the 2017 Corporate Governance Report.



The annual financial statements contain no modifications to the audited summarised financial results for the year ended 30 June 2017, that were published on Monday 4 September 2017.



KPMG Inc. have completed their audit of the Company and Group annual financial statements and their unmodified audit report is presented in the 2017 audited annual financial statements. This is available for inspection at the registered office of the Company.



Notice of the annual general meeting

The annual general meeting of Texton will be held on Thursday 23 November 2017 at the registered office, 1st Floor, Block C, Investment Place, 10th Road, Hyde Park, 2196 to transact business as stated in the notice of the annual general meeting. Shareholders should note the voting record date is Friday 17 November 2017 and last date to trade is Tuesday 14 November 2017.



The notice of the annual general meeting and the form of proxy form part of the Integrated Annual Report, which is available to download on our website: www.texton.co.za.

15-Sep-2017
(Official Notice)
Texton shareholders (?Shareholders?) are referred to the announcement released on SENS on Friday, 21 July 2017 and a further announcement on Friday, 18 August 2017, advising Shareholders that:

* Texton had agreed terms with the shareholders of Texton Property Investments (Pty) Ltd. (?Texton Property Investments?), to cancel the asset management agreement between Texton and Texton Property Investments, cede the rights and delegate the obligations of Texton Property Investments under certain contracts to Texton, and to sell certain assets to Texton which, if implemented, would have the economic effect of internalising the management of Texton (?Manco Internalisation?); and

* The circular regarding the Manco Internalisation, incorporating a notice of general meeting (?Notice of General Meeting?), was provided to Shareholders on Friday, 18 August 2017.



Results of the General Meeting

The general meeting of Shareholders was held at 10:00 on Friday, 15 September 2017 at the company?s offices, Block C, Investment Place, 10th Road, Hyde Park, Johannesburg, 2196 (?General Meeting?), to consider and, if deemed fit, pass, with or without modification, the resolutions contained in the Notice of General Meeting.



Shareholders are advised that all resolutions proposed at the General Meeting were successfully passed by the requisite majority of Shareholders.
04-Sep-2017
(Official Notice)
Shareholders are referred to the SENS announcement, released on Monday 4 September 2017, relating to the Condensed consolidated financial results for the year ended 30 June 2017 in which the final gross dividend of 54.85 cents was declared. Assuming dividend withholding tax will be withheld at a rate of 20%, the net dividend amount due to non-resident shareholders is 43.8800 (not 38.3600) cents per share.
04-Sep-2017
(Official Notice)
04-Sep-2017
(C)
Revenue for the year rose to R598.8 million (R572.2 million) whilst operating profit jumped to R437.2 million (R357.9 million). Profit for the year lowered to R304.9 million (R323.9 million). Furthermore, headline earnings per share decreased to 117.54 cents per share (132.58 cents per share).



Cash dividend

Notice is hereby given of the declaration of the final dividend number 12 of 54.85 cents per share for the final six-month period to 30 June 2017, bringing the total dividend for the year ended 30 June 2017 to 102.80 cents per share (103.68). The dividend has been declared from income reserves.



Company prospects

Nosiphiwo Balfour, the incoming CEO said: "Low economic growth associated with the current South African environment coupled with economic uncertainty in the UK will continue to create a challenging operating environment for Texton. Whilst the Company is defensively positioned, the downward pressure on rentals, combined with a sluggish economy impacting tenants, will have to be closely monitored and efficiently managed.



The Fund has been focused on active asset management to ensure tenant retention and improved efficiencies and major vacancies that were a concern in the previous period have been filled, which has led to the vacancy rate reducing from 9,0% to 4,9%. We are aiming to increase exposure to prime industrial assets in South Africa and alongside reducing our office space we recognise that from an acquisition perspective high-yield assets in the commercial sector are limited. Over the past year the Fund has reduced exposure to smaller assets, below R50 million threshold, which are management intensive, and this has assisted our cost base.



We are confident that our team will rise to the challenge of renewing existing leases and attracting new tenants with strong covenants. By June 2018, 30% of the lease agreements (by GLA) expire and there is a big emphasis on concluding new leases and renewals at a positive reversion rate knowing that the macroeconomic environment remains pressurised. The finalisation of the Manco Internalisation will align the Fund with best practice and we hope to realise further cost efficiencies. We expect it to remain a challenging operating environment; however we have positioned the portfolio defensively. Texton is poised to continue to deliver distribution growth in line with its diversification strategy."
01-Sep-2017
(Official Notice)
The Texton board of directors announced the appointment of Ms Inge Pick as Chief Financial Officer (?CFO?) and Executive Financial Director of the Company, effective 18 September 2017.



Ms Pick is a qualified Chartered Accountant (SA) and has a wealth of financial and strategic management experience at a senior level in the REIT sector. Having garnered more than 15 years? financial experience, 8 years specifically in listed property, Ms Pick was formerly Financial Director of Lodestone REIT and has also held financial management roles within Fortress Income Fund and Capital Property Fund.



The Audit and Risk Committee has considered and satisfied itself regarding the experience and expertise of Ms Pick. The Board is confident that this appointment will add significant value to the financial governance structures and strategic initiatives of the Company.



Other Board changes

The Board also wishes to note the following Board changes effective 31 August 2017:

- Ms Shaheeda Mia has been appointed as Chairperson of the Social and Ethics Committee

- Mr John Macey has been appointed as Lead Independent Director

- Ms Kyansambo Vundla has been appointed as Chairperson of the Remuneration and Nomination Committee



Following the above appointments, the Board will be positioning itself to approach compliance with the recommendations of King IV.
29-Aug-2017
(Official Notice)
The shareholders of Texton (?Shareholders?) are referred to the circular published on Friday, 18 August 2017 regarding the internalisation of Texton?s management company (?Manco Internalisation Circular?). The Shareholders are advised that the schedule of directors? interests in Texton shares (?Schedule of Directors? Interests?) under paragraph 9.1 of the Manco Internalisation Circular was incorrect.



No change statement

Save as disclosed above, there has been no significant change and no significant matter has arisen since the publication of the Manco Internalisation Circular. All other information contained in the Manco Internalisation Circular remains unchanged.
22-Aug-2017
(Official Notice)
Further to the cautionary announcement released on SENS dated 7 July 2017, Texton shareholders (?Shareholders?) are advised that the company?s board of directors is still in the process of considering various strategic alternatives available to the company, the outcome of which may have an effect on Texton?s ordinary shares.



Accordingly, Shareholders are advised to continue to exercise caution when trading in Texton?s ordinary shares until a further announcement has been made.
18-Aug-2017
(Official Notice)
31-Jul-2017
(Official Notice)
Shareholders are referred to the Company?s quarterly bulletin that is available on Texton?s website.
21-Jul-2017
(Official Notice)
14-Jul-2017
(Official Notice)
The Texton board of directors (?board?) announced the appointment of Nosiphiwo Balfour to the position of Chief Executive Officer (?CEO?), effective 17 July 2017.



Following the appointment of Nosiphiwo, Nic Morris will step down as CEO of the company and as an Executive Director of the board, effective 17 July 2017, but will remain employed by Texton Property Investments (Pty) Ltd. until 30 August 2017 to facilitate a smooth transition for the new CEO.



The company has identified a short list of suitable Financial Director candidates, who are currently in a comprehensive selection and recruitment process, with the intention of appointing a candidate in the near future.



In addition, the following changes have been made to the board:

* the appointment of Shaheeda Mia, CA(SA), as an Independent Non-Executive Director and member of the Audit and Risk Committee (effective 13 July 2017); and

* Patrick Ntshalintshali remains as a board member, but has resigned as a member of the Audit and Risk Committee (effective 13 July 2017).



Post the above appointments, the board will be positioned to comply with the recommendations of King IV reflecting diversity in both gender and race.
07-Jul-2017
(Official Notice)
Texton shareholders (?Shareholders?) are advised that the company?s board of directors is currently in the process of considering various strategic alternatives available to the company (unrelated to the proposed internalisation of the management of Texton, as outlined in the announcements released on SENS on 29 August 2016 and 9 March 2017), the outcome of which may have an effect on the price of Texton?s ordinary shares.



Accordingly, Shareholders are advised to exercise caution when trading in Texton?s ordinary shares until a further announcement has been made.
31-May-2017
(Official Notice)
The Board of Directors of Texton (?the Board?) advised shareholders that Mr Nic Morris has resigned from his position as Chief Executive Officer of the Company and as an Executive Director of the Board, to pursue other opportunities (?the Resignation?). The eesignation is effective from 31 August 2017, which provides for a three month notice period to ensure an efficient handover of Mr Morris? executive responsibilities. The Company has commenced the process of seeking a suitable replacement for Mr Morris and an announcement in this regard will be made to shareholders in due course.
12-Apr-2017
(Official Notice)
Shareholders are referred to the company?s quarterly bulletin that is available on Texton?s website.



For full details please visit: www.texton.co.za/company-information/NEWS

28-Mar-2017
(Official Notice)
The board of directors of Texton (?the board?) hereby announces that with effect from 30 June 2017, Ms. Brigitte de Bruyn has resigned from her position as financial director of the company to pursue her own interests. The company has commenced the process of appointing a suitable replacement and expects to make an announcement in this regard in the near future.

09-Mar-2017
(Official Notice)
Texton shareholders (?Shareholders?) are referred to the announcement released on SENS on 29 August 2016 which communicated that the board of directors of Texton (the ?Board?) consider the potential internalisation of the management of Texton on a regular basis.



Pursuant to the above, Shareholders are hereby advised that the Board and the shareholders of Texton Property Investments Proprietary Limited (?TPI? or the ?Manager?) have agreed the terms of a potential transaction that, if implemented, would have the economic effect of internalising the management of Texton (the ?Proposed Manco Internalisation?) in a manner that would better align the interests of the Company?s management and investors and is consistent with global best practice.



High level terms of the Proposed Manco Internalisation

In terms of the Proposed Manco Internalisation, a consideration of R180 million will be paid by Texton to the Manager in cash.



The Proposed Manco Internalisation will be subject to the fulfilment of, inter alia, the following conditions precedent:

- Texton having carried out a due diligence exercise on the Manager to its satisfaction;

- Texton and the Manager entering into definitive binding agreements pursuant to the Proposed Manco Internalisation;

- All resolutions required to implement the Proposed Manco Internalisation being approved by Shareholders, to the extent required; and

- All required regulatory approvals, including a fairness opinion, being obtained.



The Company has received indicative support for the Proposed Manco Internalisation from shareholders who control circa 40% of the eligible votes in relation thereto. Further details relating to the Proposed Manco Internalisation will be released in due course.
06-Mar-2017
(C)
Revenue for the interim period increased to R300.3 million (2015: R253.8 million) and operating profit rose to R342.4 million (2015: R149.1 million). Profit for the period shot up to R240.2 million (2015: loss of R25.0 million). Furthermore, headline earnings per share grew to 68.52 cents per share (2015: 24.71 cents per share).



Dividend

Notice is hereby given of the declaration of the interim dividend number 12 of 47.95 cents per share for the six-month period to 31 December 2016. The dividend has been declared from income reserves.



Prospects

Low economic growth associated with the current South African environment coupled with economic uncertainty in the UK regarding Brexit will continue to create challenges for Texton in both investment jurisdictions. Whilst the company is well positioned to grow off its rebased core earnings, continued pressure on tenants, particularly in the office sector, will have to be closely monitored and efficiently managed.



Texton?s core property portfolio is performing well and vacancies have materially reduced since financial year end. Portfolio rationalisation is still front of mind and management has made solid progress disposing of the non-core portfolio. Current Rand strength has impacted on our UK earnings, however hedging instruments have been entered into to protect Texton?s income against downside risk associated with economic volatility. The realisation of a R123.9 million gain on the cross currency interest rate swap has been reinvested into the business, reducing our LTV to 34.5%.



Assuming South African property net income growth of 6.0% to 8.0% per annum combined with circa 2.0% net property income growth in the UK, our total distribution growth on the rebased dividend is expected to be between 3.0% to 6.0% for the full year ending 30 June 2017. This assumes the Rand remains below R18.50 to the Pound. The primary reason for reduced growth in 2017 can be attributed to large vacancies during the year which have only recently been filled and the fact that the Rand is currently very strong when compared against the Pound.



24-Feb-2017
(Official Notice)
Shareholders are referred to the announcements released on SENS on 3 February 2017 and 6 February 2017 relating to a court application submitted by Texton which sought to set aside certain transactions entered into during 2015 relating to the internal restructuring of Texton (the ?Restructure?).



On 24 January 2017, the judge granted an order for interested persons to show cause on or before 24 February 2017 why the identified transactions should not be set aside as being void ab initio. At the court hearing held on 24 February 2017, no objections were received and the judge judicially endorsed the nullity. The registrars of deeds have been instructed to give effect to the court order.



The effect of the order is that transfers of the properties from the Subsidiaries to Texton were in effect void ab initio and thus the properties will remain in the Subsidiaries.
06-Feb-2017
(Official Notice)
Shareholders are referred to the announcement released on SENS on 3 February 2017, relating to a court application submitted by Texton which sought to set aside certain transactions entered into during 2015 relating to the internal restructuring of Texton (the ?Restructure?), whereby certain immovable properties were distributed by subsidiaries of Texton (the ?Subsidiaries?) to Texton. The intention of the Restructure was to rationalise Texton?s group structure.



Pursuant to the Restructure, the distributions were deemed to be invalid as none of the Subsidiaries satisfied the requisite solvency and liquidity tests in terms of section 46 of the Companies Act 71 of 2008 at the time of the distributions and, subsequently, Texton has applied to the courts to have the Restructure set aside. On 24 January 2017, the judge granted an order for interested persons to show cause on or before 24 February 2017 why the identified transactions should not be set aside as being void ab initio and directed that Texton publish the terms of the court order in the Government Gazzette and on SENS.



Shareholders will be notified of the outcome of the matter shortly after the court hearing, which will be held on 24 February 2017.
03-Feb-2017
(Official Notice)
13-Jan-2017
(Official Notice)
Shareholders are referred to the company?s quarterly bulletin that is available on Texton?s website.



For full details please visit: http://www.texton.co.za/company-information/NEWS
07-Dec-2016
(Official Notice)
Shareholders are advised that Brigitte De Bruyn has been appointed as a member of the Texton Social - Ethics Committee with effect from 17 November 2016.
02-Dec-2016
(Official Notice)
Shareholders are referred to the announcement released on SENS on 29 August 2016 relating to Nic Morris? appointment as Managing Director of Texton from 1 September 2016 as part of a structured succession plan to replace acting Chief Executive Officer, Angelique de Rauville.



Shareholders are further advised that, pursuant to the handover process, the Texton board of directors (the ?Board?) is pleased to announce that with effect from 1 December 2016, Nic has been appointed as Chief Executive Officer of Texton. In addition, the Board hereby announces that Angelique has resigned as acting Chief Executive Officer and as an executive director of the Board with effect from 1 December 2016.

18-Nov-2016
(Official Notice)
Texton shareholders are advised that at the Annual General Meeting of shareholders held on Thursday, 17 November 2016, all the ordinary and special resolutions as proposed in the Notice of the Annual General Meeting, with the exception special resolution number 4, which was withdrawn, and special resolution number 5 and ordinary resolution number 6, were approved by the requisite majority of members.

19-Oct-2016
(Official Notice)
Shareholders are advised that the company?s Integrated Annual Report, containing the audited financial statements for the year ended 30 June 2016 was posted on the company?s website, www.texton.co.za today, 19 October 2016.



The audited financial statements contain a modification to the reviewed consolidated condensed financial statements for the year ended 30 June 2016 released on the Stock Exchange News Service of the JSE Ltd. on Monday, 29 August 2016.



The modification arose as a result of the following:

*Income received in advance of R595k reallocated to current liabilities

*Reallocation of refinanced loan facilities of R100 million from current liabilities to non-current liabilities

*Income received in advance of R595k reallocated from current assets and refinanced loan facilities of R100 million reallocated to non-current liabilities

*Finance income of R22.0 million correctly reflected as not received

*Finance income of R22.0 million correctly reflected as not received and unrealised foreign exchange losses of R 5.5 million correctly allocated between investing and financing activities

*Unrealised foreign exchange losses of R 5.5 million correctly allocated between investing and financing activities

*Headline earnings correctly excluding revaluation of investment properties of R43 million loss

*Headline earnings correctly excluding revaluation of investment properties of R43 million loss



The financial statements were audited by the company?s auditors, KPMG Inc., and their unmodified report is available for inspection at Texton?s registered office.



Notice of Annual General Meeting

Notice is hereby given that the annual general meeting of the shareholders of the company will be held on Thursday, 17 November 2016 at 14:00 at the registered offices of the company, Block C, Investment Place, 10th Road, Hyde Park to transact the business as stated in the notice of annual general meeting forming part of the integrated report.



The last date to trade in order to be recorded in the Shareholder?s register to vote at the AGM is Tuesday, 8 November 2016. The record date to be entitled to attend, participate in and vote at the AGM is Friday, 11 November 2016. Forms of proxy must be received by Texton?s transfer secretary, being Computershare Investor Services Proprietary Limited, by 14:00 on Wednesday, 16 November 2016.



14-Oct-2016
(Official Notice)
The board of directors of Texton (the ?Board?) advised that Patrick Ntshalintshali, a non-executive director, has been elected as a temporary member of the Audit and Risk Committee, with effect from 13 October 2016, pursuant to the resignation of Mr Thando Sishuba from the Board on 25 August 2016.
12-Oct-2016
(Official Notice)
Shareholders are referred to the Company?s quarterly bulletin that is available on Texton?s website. For full details please visit: www.texton.co.za/company-information/NEWS
14-Sep-2016
(Official Notice)
The board of directors of Texton (the ?Board?) hereby advises that Nosiphiwo Balfour, an independent non-executive director, has been elected as the interim chairman of the Remuneration and Nomination Committee, with effect from 13 September 2016, pursuant to the resignation of Ms Portia Tau-Sekati from the Board on 25 August 2016.



Shareholders are further advised that the board will appoint a permanent chairman of the Remuneration and Nomination Committee in due course.

08-Sep-2016
(Official Notice)
29-Aug-2016
(Official Notice)
Shareholders are referred to Texton?s reviewed condensed consolidated financial statements for the year ended 30 June 2016, published on SENS on 29 August 2016, wherein shareholders were advised of the final dividend number 10 (not number 11) of 52,16 cents per share for the final six- month period to 30 June 2016, bringing the total dividend for the year ended 30 June 2016 to 103,68 cents per share (2015: 94,77) (?the dividend?).



In accordance with Texton? status as a REIT, shareholders are advised that the dividends meet the requirements of a ?qualifying distribution? for the purposes of section 25BB of the Income Tax Act, No. 58 of 1962 (?Income Tax Act?). The dividends on the shares will be deemed to be a dividend, for South African tax purposes, in terms of section 25BB of the Income Tax Act.



The dividends are payable to Texton shareholders in accordance with the timetable set out below:

* Dividend declaration date : 29 August 2016

* Last date to trade cum dividend : 27 September 2016

* Shares trade ex-dividend : 28 September 2016

* Record date : 30 September 2016

* Payment date : 3 October 2016



Share certificates may not be dematerialised or rematerialised between 28 September 2016 and 30 September 2016, both dates inclusive. Payment of the dividends will be made to shareholders on Monday, 3 October 2016. In respect of dematerialised shares, the dividends will be transferred to the CSDP accounts/broker accounts on Monday, 3 October 2016.
29-Aug-2016
(C)
Revenue for the year jumped to R572.2 million (R410.8 million) and operating profit rose to R357.9 million (R272.8 million). However, profit for the year lowered to R323.9 million (R351.9 million). In addition, headline earnings per share shot up to 103.08 cents per share (83.01 cents per share).



Cash dividend

Notice is hereby given of the declaration of the final dividend number 11 of 52.16 cents per share for the final six-month period to 30 June 2016, bringing the total dividend for the year ended 30 June 2016 to 103.68 cents per share (94.77). The dividend has been declared from income reserves.





Prospects

2016 has been a significant year of achievement for Texton. The company recruited a top-calibre team of professionals into the business, substantially improved operational processes and efficiencies, and made significant progress in business restructuring. Texton has continued to deliver on its strategy and it has progressed on a plan to dispose of non-core properties and acquire those that improve the overall quality of its fund and which are mostly accretive. The company remains committed to this strategy. With almost 40% of its portfolio by value being based in the United Kingdom its earnings may be subject to the volatility of the Rand however hedging instruments are being considered to mitigate risk associated with income. Texton continues to hedge a significant component of our capital.



Assuming some stability in markets, management remains of the view that we shall continue to deliver top-quartile distribution growth on a like-for-like basis and from a vastly improved portfolio of properties - including a reduced government exposure, reduced secondary South African office exposure, the disposal of non-performing assets providing no income and a balanced portfolio of assets across the two geographic jurisdictions where management has a proven track record, experience and footprint.
17-Aug-2016
(Official Notice)
08-Jul-2016
(Official Notice)
This serves as a general communication notifying Texton shareholders of a quarterly bulletin that is available on the Texton website. Texton has embarked on this type of communication to update shareholders, investors and the market.



For full details please visit: http://www.texton.co.za/company-information/NEWS
27-May-2016
(Official Notice)
01-Mar-2016
(Official Notice)
Texton shareholders (?Shareholders?) are advised that, Mr Patrick Ntshalintshali has been appointed as a non-executive director of the Texton board (the ?Board?) and as a member of the Investment Committee, with effect from 1 March 2016.



23-Feb-2016
(C)
Revenue for the interim period increased to R253.8 million (R177 million). Operating profit rose to R149.1 million (R125.2 million). Profit for the period decreased to R23.9 million (R93.7 million). In addition, headline earnings per linked unit decreased to 24.71cents per share (45.10 cents per share).



Cash distribution

Notice is hereby given of the declaration of the final dividend number 9 of 51.52 cents per share for the interim six-month period to 31 December 2015.



Prospects

Despite the difficult economic climate, the portfolio continues to perform well and we are committed to achieving double-digit distribution growth for the full year to 30 June 2016. The Company is expected to continue to benefit from its offshore strategy via accretionary transactions and the softer Rand. The Company has a solid pipeline of acquisitions and we will continue to focus on our strategy of growing Texton with yield-enhancing assets, while improving the overall quality of the portfolio. This reporting period has seen the positive effect of the new strategies reported previously, which we expect to continue benefiting the Company into the future. This prospects statement has not been reviewed or reported on by the Company?s independent external auditors.
15-Feb-2016
(Official Notice)
Shareholders of the Company are advised that Texton anticipates that the dividend per share for the six months ended 31 December 2015 will be 51.38 cents per share or greater, being 15% higher than the 44.68 cents per share for the six months ended 31 December 2014.



The results reflect the impact of investment into the United Kingdom, the decline in the value of the South African Rand, the impact of capital raising, accretive investments and a reduction in vacancies. The financial results announcement for the six months ended 31 December 2015 are scheduled to be released on SENS on or about 23 February 2016.
21-Jan-2016
(Official Notice)
Texton advises the shareholders of the company (?Shareholders?) that it has concluded an agreement to acquire two prime industrial premises which are exclusively let to Caterpillar UK Limited (?Caterpillar UK?) (?the Caterpillar UK Buildings?) located on the North West Industrial Estate, Peterlee, UK for a gross purchase price of ?7,150,000 at an acquisition yield of 7.54% (the ?Caterpillar UK Building Acquisition?).



Caterpillar UK which is part of Caterpillar Inc. has signed a 15 year lease which has 14 years and 4 months remaining. Caterpillar Inc. is a global manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. Caterpillar UK is one of Caterpillar Inc.?s largest operations outside of the United States of America and employs more than 10,000 people across 20 major facilities.



Purchase consideration

The aggregate purchase consideration for the Caterpillar UK Building Acquisition including all purchasing costs amounts to ?7,564,000 (R180,703,960 converted at the spot exchange rate as at 18 January 2016 of ?1:R23.89). The purchase consideration of ?7,564,000 will be funded through existing cash resources, via a currency swap, and initially no external borrowings will be required to effect the Caterpillar UK Building Acquisition.



Effective date

The effective date of the Caterpillar UK Building Acquisition will be the date of transfer of the Caterpillar UK Buildings into the name of Onslow Investment Holdings Limited, which is expected to be on or about Friday, 22 January 2016.



Classification of the Caterpillar UK Building Acquisition

The Caterpillar UK Building Acquisition constitutes a category 2 transaction, in terms of the Listings Requirements and accordingly does not require Shareholders? approval.



04-Jan-2016
(Official Notice)
Shareholders are advised that Mr Nicholas Morris has been appointed as executive director and Chief Operating Officer of Texton with effect from 1 January 2016.



Nic is a qualified Chartered Accountant with 10 years? experience within the investment banking and real estate environment. Nic headed up the Real Estate Advisory team at Rand Merchant Bank where he advised numerous property companies on a variety of aspects. Prior to joining Texton, Nic was the Chief Executive Officer of Arch Property Fund Limited, an unlisted public company that co-owns Melrose Arch.
29-Dec-2015
(Official Notice)
Texton advise the shareholders of the Company (?Shareholders?) that it has concluded an agreement to acquire a retail park located in a prime location in Camborne in the UK (?Camborne Retail Park?) for ?9,850,000 at an acquisition yield of 6.40% (the ?Camborne Retail Park Acquisition?). Camborne Retail Park is a purpose built single storey retail warehouse which is exclusively let to B-Q plc (?B-Q?), a British multinational DIY and home improvement retailing company. B-Q is a leading home improvement and garden centre retailer in Europe and the third largest in the world with currently 350 stores in the UK and 8 stores in Ireland. The Camborne Retail Park is well located in the town of Camborne, and is within close proximity to the A30 highway, the Camborne railway station and the Newquay Cornwall Airport making it a desirable retail location. Property information and other details pertaining to the Camborne Retail Park Acquisition are set out in section below.



The purchase consideration for the Camborne Retail Park Acquisition amounts to ?9,850,000 (R224,186,000 converted at the spot exchange rate as at 28 December 2015 of ?1:R22.76). The aggregate purchase consideration of ?9,850,000 will be funded through existing cash resources, via a currency swap, and initially no external borrowings will be required to affect the Camborne Retail Park Acquisition.



The effective date of the Camborne Retail Park Acquisition will be the date of transfer of the Camborne Retail Park, which is expected to be on or about 8 January 2016. The Camborne Retail Park Acquisition constitutes a category 2 transaction, in terms of the Listings Requirements and accordingly does not require Shareholders? approval.

11-Dec-2015
(Official Notice)
The shareholders of Texton (?Shareholders?) are advised that the announcement issued on Thursday, 10 December 2015 (?Bawtry Building Announcement?), contained an error on the GLA of the Bawtry Building. Shareholders are advised that the correct GLA for the Bawtry Building is 272 260 sq ft and not 272 260 m2 as initially set out in the Bawtry Building Announcement. Accordingly, the net rental is per sq ft and not per m2.
10-Dec-2015
(Official Notice)
Texton advised the shareholders of the Company (?Shareholders?) that it has concluded an agreement to acquire a distribution warehouse (?Bawtry Building?) located in Doncaster in the UK (the ?Bawtry Building Acquisition?) for GBP17 000 000 at an acquisition yield of 6.45%. The Bawtry Building is a high quality A Grade distribution warehouse which is exclusively tenanted by DHL Supply Chain Ltd. (?DHL?), a company which is part the world?s leading postal and logistics company Deutsche Post DHL Group. DHL has 15 years remaining on the lease.



Conclusion of the Bawtry Building Acquisition further enhances Texton?s UK portfolio which is in line with Texton?s stated strategy to achieve geographic diversification beyond South African borders into the UK where management of Texton?s asset management company, Texton Property Investments (Pty) Ltd., has knowledge and experience, and where property acquisition opportunities are attractive.



Purchase consideration

The purchase consideration for the Bawtry Building Acquisition amounts to GBP17 000 000 (R368 220 000 converted at the spot exchange rate as at 7 December 2015 of GBP1:R21.66). The Bawtry Building Acquisition is subject to VAT of approximately GBP1 700 000 (R36 822 000 converted at the spot exchange rate as at 7 December 2015 of GBP1:R21.66) which will be recoverable by Texton. The aggregate purchase consideration of GBP18 700 000 (including the VAT amount payable) will be funded through existing cash resources and no external borrowings will be required to affect the Bawtry Building Acquisition.



Effective date

The effective date of the Bawtry Building Acquisition will be the date of transfer of the Bawtry Building into the name of Cheltondale, which is expected to be on or about 23 December 2015.
17-Nov-2015
(Official Notice)
Texton shareholders are advised that at the Annual General Meeting of shareholders held on Tuesday, 17 November 2015, all the ordinary and special resolutions as proposed in the Notice of the Annual General Meeting, with the exception of ordinary resolution number 3.4, were approved by the requisite majority of members.



In terms of paragraph 3.59 of the JSE Listings Requirements, Texton wishes to advise shareholders that Mr. RB Makhubela did not receive the requisite percentage to remain on the Texton Board.
05-Nov-2015
(Official Notice)
Shareholders are referred to the announcement released on SENS on 4 November 2015. The JSE has requested an updated announcement to clarify Mr. Jacob Wiese?s capacity on the board of directors of Texton (?the Board?).



The appointment of Mr. Jacob Wiese to the Board is in the capacity as a Non-executive director.
04-Nov-2015
(Official Notice)
Texton shareholders (?Shareholders?) are advised that in accordance with Section 3.59 of the JSE Ltd. Listings Requirements, the board of directors of Texton (the ?Board?) is pleased to announce the appointment of Mr Jacob Wiese to the Board with effect from 3 November 2015. Pursuant to the appointment of Mr Wiese, the Board is also pleased to announce the appointment of Mr Kenneth Collins as an alternate to Mr Wiese with effect from 3 November 2015.



Mr Wiese represents Luna Group (Pty) Ltd. (?Luna Group?), an investment and trading group which has over 39 years of investment experience and forms part of Dr. Christo Wiese?s larger group of companies. Luna Group currently owns 16.8% of the issued share capital in Texton.



Mr Wiese is an admitted Advocate of the High Court and holds a Bachelor of Arts degree from the University of Stellenbosch, a Master's degree in International Economics and Management from Universita Commerciale Luigi Bocconi in Italy and an LLB degree from the University of Cape Town.



Mr Wiese also serves as a non-executive director of Pepkor Holdings Ltd., Invicta Holdings Ltd., Digicore Holdings Ltd. and Premier Foods Ltd. and an alternate director of Shoprite Holdings Ltd. and Tradehold Ltd. (?Tradehold?).



Mr Collins is a managing director of Collins Property Group (Pty) Ltd. (?Collins Group?), a private property holding company specializing in the development of commercial and industrial property in the local and international property market, which he has managed for almost 20 years. Collins Group owns property in seven different countries around the world.



Mr Collins serves as an executive director of Tradehold and was responsible for the expansion of Tradehold?s investment portfolio into Africa and Europe.
29-Oct-2015
(Official Notice)
Texton shareholders are advised that in accordance with Section 3.59 of the JSE Ltd. Listings Requirements, the board of directors of Texton (the ?board?) is pleased to announce the appointment of Ms Brigitte de Bruyn to the board as Financial Director with effect from 1 November 2015.
19-Oct-2015
(Official Notice)
Shareholders of Texton ("Shareholders?) are advised that the Company?s audited consolidated annual financial statements for the financial year ended 30 June 2015 ("Consolidated Annual Financial Statements?) contains modifications from the reviewed consolidated financial statements published on SENS on 27 August 2015. The difference in cash flow from cash generated by operations and net cash inflow/(outflow) from operating activities relates to the currency conversion in working capital as a result of the movement in working capital of the foreign subsidiaries being included in the closing balance of trade and other payables. The difference in net cash inflow from financing activities relates to unrealised movement in foreign loans to subsidiaries. The Consolidated Annual Financial Statements are available on the Company?s website at www.texton.co.za and will be posted to Shareholders on 19 October 2015. The Consolidated Annual Financial Statements have been audited by KPMG and their unmodified report is available for inspection at the Company?s registered offices.



AGM notice

Notice is hereby given that the annual general meeting of Shareholders will be held at 9:00 on Tuesday, 17 November 2015 in the boardroom at Texton, 54 Bompas Road, Dunkeld West, Johannesburg, 2196 (?AGM?), to transact business as stated in the notice of AGM. The last date to trade in order to be recorded in the Shareholder?s register to vote at the AGM is Friday, 30 October 2015. The record date to be entitled to attend, participate in and vote at the AGM is Friday, 6 November 2015. Forms of proxy must be received by Texton?s transfer secretary, being Computershare Investor Services (Pty) Ltd., by 9:00 on Friday, 13 November 2015.
08-Oct-2015
(Official Notice)
05-Oct-2015
(Official Notice)
08-Sep-2015
(Official Notice)
02-Sep-2015
(Official Notice)
27-Aug-2015
(C)
Revenue for the year rose to R410.8 million (R273.6 million). Operating profit increased to R272.8 million (R175.2 million). Profit for the period jumped to R351.9 million (R194.7 million). Furthermore, headline earnings per share decreased to 83.01 cents per share (92.56 cents per share).Comparable headline earnings per share have been included to enable shareholders to compare the current year figures to those previously reported where linked units had been in issue.



Cash dividend

Notice is hereby given of the declaration of the final dividend number 8 of 50.09 cents per share for the final six month period to 30 June 2015 bringing the total dividend for the year ended 30 June 2015 to 94.77 cents per share (2014: 85.47).



Prospects

2015 has been a year of change for the fund, most of which is considered to be positive and favourable regarding the longer-term prospects of the company. Management is confident that the year ahead will be a year of consolidation, improved operational efficiencies, diversification and overall improvement for the fund. Management is committed to performing in line with the sector. The prospects have not been reviewed by the auditors.

27-Aug-2015
(Official Notice)
Texton shareholders (?Shareholders?) are advised that at the General Meeting of Shareholders held on Thursday, 27 August 2015, at the registered office of the Company that, with the exception of ordinary resolution number 2, all the ordinary and special resolutions as proposed in the Notice of the General Meeting, included in the circular, dated 28 July 2015, were approved by the requisite majority of Shareholders.
28-Jul-2015
(Official Notice)
Texton shareholders (?Shareholders?) are advised that a circular (?Circular?) containing, inter alia:

*details of the resolutions to place 100,000,000 authorised but unissued Texton shares under the control of the directors of Texton for purposes of a rights offer to be undertaken by the Company (?Rights Offer?), issue more than 30% of the current voting shares in issue in Texton pursuant to the Rights Offer, grant Financial Assistance to facilitate the potential participation of the BEE Consortium in Rights Offer and proposed amendments to the Texton Share Incentive Plan (?Proposed Resolutions?);

*a notice convening the general meeting of Texton Shareholders (?General Meeting?); and

*a form of proxy to vote at the General Meeting (for use only by Certificated Texton Shareholders and Own-name Dematerialised Texton Shareholders), has been posted to Shareholders today, 28 July 2015.



The General Meeting will be held at the Company?s offices, 54 Bompas Road, Dunkeld West, Johannesburg at 10:00 on Thursday, 27 August 2015, in order to consider and, if deemed fit, to pass, with or without modification, the resolutions contained in the notice of General Meeting.



The important dates and times in relation to the General Meeting are set out below:

*Notice record date, being the date on which Texton Shareholders must be registered in the securities register in order to be entitled to receive the CircularFriday, 17 July 2015

*Circular and notice of General Meeting posted to Texton Shareholders on Tuesday, 28 July 2015

*Last day to trade in Texton shares in order to be entitled to attend, participate in and vote at the General Meeting Friday, 14 August 2015

*Record date to be eligible to attend and vote at the General Meeting Friday, 21 August 2015

*Last day for lodging forms of proxy for General Meeting by 10:00 on Tuesday, 25 August 2015

*General meeting of Texton Shareholders at 10:00 on Thursday, 27 August 2015

*Announcement of results of General Meeting released on SENS on Thursday, 27 August 2015



15-Jul-2015
(Official Notice)
Shareholders are advised that Lyndon Kan has resigned as chief operating officer of Texton to pursue private business opportunities. The appointment of a replacement director will be made and announced in due course.
02-Jul-2015
(Official Notice)
Texton shareholders (?Shareholders?) are referred to the SENS announcement dated 19 May 2015, wherein Shareholders were advised that Texton had entered into agreements to acquire 50% of a special purpose vehicle, Inception (Reading) S.?.r.l (?Inception?) which will then be used as the vehicle to acquire a well-located retail shopping centre (?Broad Street Mall?) in Reading, England (the ?Acquisition?).



The Acquisition was subject to the fulfilment of the following conditions precedent:

*The funders approval of Texton?s acquisition of the shares in Inception;

*Exchange control approval by the South African Reserve Bank;

*Transfer of registered title; and

*Completion of the Acquisition in terms of the sale and purchase agreement which includes the registration of mortgages or charges registered against the titles, approval of all authorities, reliance letters, elections, construction documents and assignment of intellectual property rights and commercial agreements.



Fulfilment of conditions precedent

Texton is pleased to announce that the outstanding conditions precedent to the Acquisition, were fulfilled yesterday, 1 July 2015, and accordingly the Acquisition is now unconditional.
30-Jun-2015
(Official Notice)
The Texton Board of Directors (the ?Board?) would like to inform shareholders as to changes in the composition of the Investment Committee (?Investment Committee?) and the Social and Ethics Committee (the ?Social and Ethics Committee?). RF Kane has resigned from the Investment Committee and TS Sishuba has been appointed with effect from 26 June 2015. Furthermore, PM Tau-Sekati remains a member of the Social and Ethics Committee but has resigned from her position as chairperson. She is being replaced by R Makhubela with effect from 26 June 2015.
05-Jun-2015
(Official Notice)
Shareholders are advised that Rob Kane and Marelise de Lange have resigned as chief executive officer and financial director respectively of Texton Property Fund Ltd. Both executives will remain with the company until 31 July 2015 to facilitate the transition to a new executive team.



To facilitate a smooth transition, Angelique de Rauville, who is currently a non-executive director of Texton, has been appointed joint chief executive officer with immediate effect. In addition, Lyndon Kan, a senior employee of Texton Property Investments (Pty) Ltd. has been appointed an executive director and chief operating officer of Texton. The appointment of a financial director is well underway and an announcement is expected to be made shortly.



Angelique has significant property experience having managed and led various property businesses since 1998, including heading Investec?s Global Property Investments business and serving as an executive director of Investec Property Ltd. during her ten year tenure with the Investec Group.



Lyndon joined Texton in September 2014 and has played a key role in the strategic management of Texton?s property portfolio as well as leading the origination, negotiation, structuring, funding and execution of property acquisition transactions. Lyndon has over 20 years management experience in Real Estate and Financial Services including as Managing Director of Guma Property Holdings, Executive Director of Guma Group and Head of Real Estate Commercial Property Finance, Investment and Development at Absa Bank.

28-May-2015
(Official Notice)
19-May-2015
(Official Notice)
31-Mar-2015
(Official Notice)
Texton shareholders (?shareholders?) are referred to the announcement released on SENS on Thursday, 19 March 2015, relating to the approval by shareholders of the resolutions required to implement Texton?s Broad-Based Black Economic Empowerment transaction (?BBBEE Transaction?).



Shareholders are advised that the conditions precedent required to implement the BBBEE Transaction have been fulfilled and as a result 38 069 071 new Texton shares were issued to the BEE Consortium at an issue price of R11.65 per Texton share, being the 30 day VWAP to Friday, 20 March 2015.



Shareholders are further advised that subsequent to the issue of shares to the BEE Consortium, and in accordance with Section 3.59 of the JSE Ltd. Listing Requirements, the board of directors of Texton (?board?) is pleased to announce the appointment of Mr Romeo Makhubela as a non-executive director to the board and as a member of the Investment Committee, with effect from 1 April 2015.

19-Mar-2015
(Official Notice)
Texton shareholders (?shareholders?) are advised that at the General Meeting of Shareholders held on Thursday, 19 March 2015, at the registered office of the company, all the ordinary and special resolutions as proposed in the Notice of the General Meeting, included in the circular, dated 18 February 2015, were approved by the requisite majority of shareholders.
02-Mar-2015
(Official Notice)
Texton shareholders (?Shareholders?) are referred to the cautionary announcement published on SENS on 23 February 2015, regarding the acquisition of 2 properties (?Properties?) in the United Kingdom (?Acquisitions?). Texton is pleased to inform Shareholders that the agreements relating to the Acquisitions have been concluded and accordingly Texton is now entitled to the rental income from the Properties. Registration of mortgage bonds over the Properties is the only outstanding condition precedent to the Acquisitions, which is expected to have been completed by the end of March 2015. As a result the cautionary announcement is hereby withdrawn and caution is no longer required to be exercised by Shareholders when dealing in Texton shares.



26-Feb-2015
(Official Notice)
Shareholders are referred to the SENS announcement, released on Monday 23 February 2015, relating to the unaudited condensed consolidated interim financial results for the six months ended 31 December 2014 in which the cash distribution was declared. This was distribution number 7 and not distribution number 8 as indicated in the above mentioned announcement.
23-Feb-2015
(C)
23-Feb-2015
(Official Notice)
18-Feb-2015
(Official Notice)
Texton shareholders (?Shareholders?) are referred to the SENS announcements dated Friday, 12 December 2014 and Friday, 13 February 2015 (?Announcements?). Shareholders are advised that a circular (?Circular?) containing, inter alia:

*details of the Proposed BEE Transaction and the provision of Financial Assistance;

*a notice convening the general meeting of Texton Shareholders (?General Meeting?); and

*a form of proxy to vote at the General Meeting (for use only by Certificated Texton Shareholders and Own-name Dematerialised Texton Shareholders), has been posted to Shareholders today, 18 February 2015.



Shareholders are further advised that the Operating Agreements referred to in the Announcement dated Friday, 12 December 2014 have now been signed (subject to approval of the Proposed BEE Transaction at the General Meeting), with each of the BEE Partners and PD Naidoo Family Trust (the significant majority shareholder of PDNA)



The General Meeting will be held at the Company?s offices, 54 Bompas Road, Dunkeld West, Johannesburg on Thursday, 19 March 2015, in order to consider and, if deemed fit, to pass the resolutions necessary to approve and implement the Proposed BEE Transaction and the provision of Financial Assistance to the BEE Consortium.



The important dates and times in relation to the General Meeting are set out below:

*Notice record date, being the date on which Texton Shareholders must be registered in the securities register in order to be entitled to receive the CircularFriday, 6 February 2015

*Circular and notice of General Meeting posted to Texton Shareholders on Wednesday, 18 February 2015

*Last day to trade in Texton shares in order to be entitled to attend, participate in and vote at the General Meeting Friday, 6 March 2015

*Record date to be eligible to attend and vote at the General Meeting Friday, 13 March 2015

*Last day for lodging forms of proxy for General Meeting by 10:00 on Tuesday, 17 March 2015

*General meeting of Texton Shareholders at 10:00 on Thursday, 19 March 2015

*Announcement of results of General Meeting released on SENS on Thursday, 19 March 2015
13-Feb-2015
(Official Notice)
Texton shareholders (?Shareholders?) are referred to the SENS announcement dated Friday, 12 December 2014 (?Announcement?) wherein the Shareholders were advised of a proposed specific issue of shares to a BEE Consortium (the ?Proposed BEE Transaction?).



In the aforementioned Announcement, Shareholders were advised that further details regarding the Proposed BEE Transaction would be included in the circular to be posted to Shareholders containing, inter alia, the resolutions required to approve the Proposed BEE Transaction and related notices, forms of proxies and forms of election, surrender and transfer (collectively the "Circular").



Accordingly Shareholders are advised that as a result of the December holiday period, the Circular will now be posted to Shareholders on Wednesday, 18 February 2015, which extension has been granted by the JSE Limited.

27-Jan-2015
(Official Notice)
The Texton Board of Directors informed shareholders as to changes in the composition of the Remuneration and Nomination Committee (the ?Committee?).



KN Vundla and NV Balfour have been appointed to the Committee with effect from 26 January 2015. As a result of their appointment, the Committee now consists of a majority of independent directors which is in compliance with the King Report on Governance (King III). The Board and Committee welcome KN Vundla and NV Balfour and look forward to their contributions.
30-Dec-2014
(Official Notice)
Texton shareholders are advised that at the General Meeting of shareholders held on Tuesday, 30 December 2014, all the ordinary and special resolutions as proposed in the Notice of the General Meeting were approved by the requisite majority of members. In this regard,
19-Dec-2014
(Official Notice)
Results of Annual General Meeting



Texton shareholders are advised that at the Annual General Meeting of shareholders held on Thursday, 18 November 2014, all the ordinary and special resolutions as proposed in the Notice of the Annual General Meeting, with the exception of ordinary resolution number 6 (Issue of shares for cash) which was withdrawn, were approved by the requisite majority of members.
12-Dec-2014
(Official Notice)
19-Nov-2014
(Official Notice)
The shareholders of Texton shares are advised that Texton's audited consolidated annual financial statements for the year ended 30 June 2014 contains no modification from the reviewed consolidated financial statements published on 25 August 2014 other than as detailed below for the Statement of Cash flows:



Audited, reviewed and difference

*Cash generated by operations: 170 771, 122 652 - 48 059

*Net cash inflow/(outflow) from operating activities: 26 174, (22 105) - 48 279

*Net cash outflow from investing activities: (364 914), (504 412) - 139 498

*Net cash inflow from financing activities: 379 634, 567 411 - (188 047)



The difference in cash generated from operations and net cash inflow/(outflow) from operating activities relates to the difference in working capital as a result of the "unitholder for distribution" being included in the opening balance of trade and other payables together with the finance cost amortisation not being eliminated as non-cash.



The difference in net cash outflow from investing activities and net cash inflow from financing activities relates to the acquisition of businesses being taken into account on a gross basis and not on the nett cash basis.



The 2014 consolidated annual financial statements are available on the company's website at www.texton.co.za and will be posted to shareholders on 18 November 2014.



The consolidated annual financial statements have been audited by KPMG and their unmodified report is available for inspection at the company's registered office.



Notice of AGM

Notice is hereby given that the annual general meeting of the Texton will be held at 11:00 on Thursday, 18 December 2014 in the boardroom, at 54 Bompas road Dunkeld West, Johannesburg, 2196, to transact business as stated in the notice of the annual general meeting.



The record date for shareholders to be recorded as shareholders of Texton in order to be entitled to attend, participate and vote at the annual general meeting is Friday, 12 December 2014.

31-Oct-2014
(Official Notice)
17-Oct-2014
(Official Notice)
08-Oct-2014
(Official Notice)
Shareholders are referred to the announcement that was released on SENS earlier today regarding an accelerated book build for R154 million. Shareholders are advised that the book build was fully subscribed and new shares will be issued to successful applicants at a price of R9.50 per share. Successful applicants will be advised of their allocations in due course.



Subject to approval by the JSE, listing and trading of the new shares is expected to commence at 09h00 on Friday, 17 October 2014.
08-Oct-2014
(Official Notice)
Texton announces an equity raising of approximately ZAR154 million through the issue of new ordinary shares (Equity Raise). The Equity Raise is subject to pricing acceptable to Texton and the new shares will be issued in terms of a vendor placement, as a result of the general authority to place shares under the control of directors, as approved by shareholders at the annual general meeting of the Company held on Friday, 27 September 2013. The proceeds of the Equity Raise will be used to settle the purchase consideration of Edcon Place as announced on SENS on Thursday, 14 August 2014. The Equity Raise will be offered to qualifying investors through an accelerated book build process (Book Build) conducted on the JSE.



The Book Build opens at 09h00 (South African time) on Wednesday, 8 October 2014 and the Company reserves the right to close it at any time thereafter. Pricing and allocations will be announced as soon as practical following the closing of the Book Build. The new shares, when issued, will be credited as fully paid and will rank pari passu in all respects with the existing shares. Investec Bank Limited is acting as the sole bookrunner.

19-Sep-2014
(Official Notice)
On 12 September 2014, the company successfully acquired the entire share capital of Nungu Trading 88 (Pty) Ltd. through the Sale of shares and claims agreement. Nungu owns the property known as Babcock House, situated at 10 Osbourne Lane, Bedfordview, measuring 3 865m2. This AAA grade property is located in Bedfordview and tenanted by Babcock Ntuthuko Engineering (Pty) Ltd. on a triple net lease at a net rental of R80/m2 with 71 basement parking bays, 58 covered bays and 14 open bays with an additional 20 open bays being built. The lease escalates at 9% per annum and has a remaining term of 4 years and 10 month with an option to renew for a further 2 years. The acquisition will yield 9.35% and acquired for cash in the amount of R48.326 million.



On 18 September, the AAA grade Quintiles building situated in Bloemfontein and measuring 3 404m? was transferred to the company. The property is tenanted by Quintiles Clindepharm on a 5 year triple net lease escalating at 8% per annum. The property will be purchased with cash at a yield of 9.6% for the amount of R47.5 million.



Further to previous announcements, the "Naidoo Portfolio R129million" consisting of the Scott Street building (4 329m2) in Waverley and the St Georges Mall sections (1 242m2) in Cape Town. Both buildings are occupied by Mott Macdonald PDNA on a 3.5 year triple net lease and was transferred to the company on 18 September 2014. This transaction places 6.5% of the issued share capital in BEE ownership. Accordingly, the company is likely to achieve a Level 2 or at worst Level 3 BEE rating.
25-Aug-2014
(C)
Revenue for the year rose to R273.6 million (R229.8 million). Operating profit increased to R175.2 million (R145.6 million). Profit for the period jumped to R194.7 million (R145.3 million). Furthermore, headline earnings per share decreased to 92.56 cents per share (97.44 cents per share).



Cash distribution

The board has approved and notice is hereby given of a final distribution (distribution number 6) of 45.47 cents per share for the year ended 30 June 2014.



Prospects

The Fund has performed well since inception in 2006. The portfolio size, quality and income has grown consistently. The Fund listed three years ago and its distributions to shareholders has always been in the upper quartile. Despite the difficult economic climate, the portfolio has again performed well over the past year and the board anticipates the Fund remaining in the upper quartile for the next financial year. Tex will continue to focus on its strategy of growing the Fund with yield enhancing assets without compromising on quality. Importantly, the new management structure has enabled the executive team to grow materially. The effect of this can be seen in the solid performance of the portfolio and the significant increase in acquisitions. In addition, the management team now has greatly increased property skills, and deal making ability. The pipeline is stronger than it has been since inception.



It is common knowledge that the office sector is struggling so some diversification of risk is prudent. Tex is seeing selected opportunities in the industrial and retail sectors that will enhance our offering to shareholders. The board is also applying itself to opportunities outside of South Africa. As with any acquisition, a clear, well defined and thought out strategy is mandatory. The board will not move offshore unless it is fully confident that the company has the necessary skills and deep market knowledge. Fortunately, management has significant experience in markets outside of South Africa and this knowledge will deliver improved dividends and risk diversification.



2014 has been a cornerstone year for the Fund in terms of creating a solid platform and skill base with which to grow. Management is confident that this next reporting period will be an exciting phase for the Fund and its shareholders will enjoy above market earnings growth coupled with solid capital appreciation.
25-Aug-2014
(Official Notice)
On 25 August 2014, VPIF renamed to Texton Property Fund Ltd.
14-Aug-2014
(Official Notice)
03-Jul-2014
(Official Notice)
Further to the announcement dated 2 June 2014, shareholders are advised that, at the general meeting of shareholders held today, the following resolutions were passed by the requisite majority:

* ordinary resolution in respect of the related party acquisition of 2 properties from PDNA Property Investments (Pty) Ltd.; and

* special resolution relating to the change of name of the company from "Vunani Property Investment Fund Ltd." to "Texton Property Fund Ltd.".



Once the special resolution in respect of the change of name has been accepted by CIPC, a finalisation announcement relating thereto will be released.



Notice is hereby given to shareholders of the company in terms of section 45 (5) of the Companies Act 71 of 2008 (as amended) of the adoption by the board of directors of a resolution authorising the company to provide direct or indirect financial assistance in respect of the Naidoo acquisition transaction.
02-Jul-2014
(Official Notice)
VPIF is currently finalising its results for the year ended 30 June 2014 and when compared to the financial information for the year ended 30 June 2013, the directors anticipate that the Company will reflect a distribution for the six months to 30 June 2014 of between 44 cents and 46 cents and for the year ending 30 June 2014 of between 84 cents and 86 cents per share. The increase in the second half year distribution is therefore expected to be more than 15% higher than the comparable distribution last year.



In terms of paragraph 3.4(b)(vi) of the Listings Requirements, VPIF advises that, having regard to the nature of its business, the company will continue to adopt distribution per share in future as the base information for trading statement purposes. The financial information on which this trading statement is based has not been reviewed or reported on by the Company's auditors. The Company's results for the year ended 30 June 2014 are expected to be released by 25 August 2014.



Shareholders are advised of the following changes to the Board, effective 30 June 2014.

New appointments:non executive directors:

*Nosiphiwo Balfour

Nosiphiwo's career in property commenced in 2005 with the completion of her BSc Property Studies (Honours) and includes Institutional Business Development at Investec Asset Management. Nosiphiwo has been appointed as the Chairperson of the Social and Ethics committee.



*Thando Sishuba

Thando has been involved in the South African property industry for over 15 years serving in different capacities and has been involved with major acquisitions and transactions. Thando is currently serving as the Head of Imperial Properties. Thando has been appointed as a member of the audit and risk committee and Portia Tau-Sekati has resigned as member of the audit and risk committee.



Following the acquisition of the business of the Company's company secretary, Probity Business Services (Pty) Ltd. (Probity), by Computershare Investor Services (Pty) Ltd. (Computershare), CIS Company Secretaries (Pty) Ltd., a subsidiary of Computershare, has been appointed as the company secretary in place of Probity, with immediate effect.

09-Jun-2014
(Official Notice)
Shareholders are advised that VPIF has appointed Investec Bank Ltd. as Sponsor to the company with effect from 1 July 2014.
02-Jun-2014
(Official Notice)
Further to the SENS announcement, dated 5 May 2014, shareholders are advised that the directors propose to change the name of the Company from Vunani Property Investment Fund Ltd. to Texton Property Fund Ltd.



Shareholders are advised that a circular, containing details of:

* the acquisition by the Company of 2 properties from PDNA Property Investments (Pty) Ltd.; and

* the proposed change of name,

including a notice that a general meeting of shareholders will be held on Thursday, 3 July 2014 at 11:00 at the Company's registered office, will be posted to them on Monday, 2 June 2014.



The salient dates relating to the proposed change of name are as follows:

* Record date for the distribution of the circular Friday, 23 May

* Circular posted on Monday, 2 June

* Last day to trade in VPIF shares to be eligible to vote at the general meeting on Friday, 20 June

* Record Date to be entitled to attend, participate in, and vote at the general meeting on Friday, 27 June

* General meeting to be held at 11:00 on Thursday, 3 July

* Results of the general meeting released on SENS on Thursday, 3 July



The dates below may change as they are subject to the processing by CIPC of the special resolution to change the company's name and any such changes will be advised on SENS

* Special resolution in respect of the change of name registered with the CIPC by no later than Thursday, 24 July

* Finalisation announcement in respect of the change of name released on SENS on Friday, 25 July

* Finalisation announcement in respect of the change of name published in the press on Monday, 28 July

* Last day to trade under the old name "VPIF" on Friday, 1 August

* Change of name to "Texton Property Fund Ltd." on the JSE and trade commences under the new name "Texton Property Fund Ltd." under JSE code "TEX", abbreviated name "TEX" and new ISIN: ZAE000190542 from the commencement of trading on Monday, 4 August

* Record date for change of name on Friday, 8 August

* Updating of CSDP/broker accounts on Monday, 11 August.
05-May-2014
(Official Notice)
02-May-2014
(Official Notice)
Shareholders are advised that with effect from 29 April 2014:

* PD Naidoo will remain the chairperson of the board but has resigned as a member of the Investment committee;

* JR Macey has been appointed as the chairperson of the Audit and Risk committee, resigned as chairperson of the Investment committee however will remain a member of the Investment committee;

* MJ van Heerden has been appointed as the chairperson of the Investment committee;

* A de Rauville has been appointed as a member of the Investment committee and of the Remuneration and Nominations committee;

* JA Legh has been appointed as a member of the Investment committee; and

* PM Tau-Sekati remains the chairperson of the Remuneration and Nominations committee but has resigned as a member of the Investment committee.
03-Mar-2014
(Official Notice)
Further to the announcement dated 16 January 2014, shareholders are advised that all the suspensive conditions relating to the cession and assignment of the Asset Management Agreement to Texton Property Investments (Pty) Ltd. have now been fulfilled and the effective date of the transaction is 28 February 2014.



Board changes

Shareholders are advised of the following changes to the Board, effective 1 March 2014. New appointments - non executive directors:

* Angelique de Rauville

* John (Chick) Legh

* Mathys (Thys) van Heerden



Resignations:

* CE Chimbombe-Munyoro (non-executive)

* EG Dube (non-executive)

* PW Mackenzie (executive)

* RR Emslie (non-executive).
24-Feb-2014
(C)
Revenue for the interim period increased to R126.9 million (R112.9 million). Operating profit rose to R81.8 million (R70.2 million). Profit for the period shot up to R1.7 million (R0.4 million). In addition, headline earnings per linked unit went up to 47.00 cents per linked unit (37.51 cents per linked unit).



Cash distribution

The board has approved and notice is hereby given of an interim distribution (distribution number 5) of 40.00 cents per linked unit for the six months ended 31 December 2013.



Prospects

Despite the difficult economic climate, the portfolio has performed well over the past six months and is on track to deliver on the guidance previously provided to the market. The board will continue to focus on its strategy of growing the Fund with yield-enhancing assets without compromising on quality.
07-Feb-2014
(Official Notice)
Unitholders are referred to the announcement, dated 16 January 2014, which advised that the special resolutions relating to:

*the delinking of the VPIF linked units;

*approval of a new Memorandum of Incorporation; and

*the conversion of the share capital into ordinary shares with no par value (combined "the Corporate Actions"),

were approved by the requisite majority at a general meeting held on 16 January 2014. The relevant special resolutions pursuant to the above have now been accepted by the Companies and Intellectual Property Commission.



The rights of unitholders after the Corporate Actions will rank pari passu in all respects with the rights of unitholders prior to the Corporate Actions.

Salient dates pertaining to the Corporate Actions

*Last date to trade in the VPIF linked units pre- the Corporate Actions -- Friday, 14 February 2014

*Termination of listing of current VPIF linked units at commencement of trade on Monday, 17 February 2014

*Delinked and converted shares trade under new ISIN ZAE000185872 on Monday, 17 February 2014

*Record date to determine unitholders subject to the Corporate Actions -- Friday, 21 February 2014

*Dematerialised unitholders accounts at CDSPs or brokers updated in respect of the Corporate Actions -- Monday, 24 February 2014
20-Jan-2014
(Official Notice)
16-Jan-2014
(Official Notice)
The directors advise as follows regarding the special and general resolutions tabled at the general meeting of unitholders held on 16 January 2014:



Special resolutions relating to:

*the delinking of the linked units, the relevant amendment to the Debenture Trust Deed, the subsequent termination of the Debenture Trust Deed, the termination of the debentures and the capitalisation of the value of the debentures in the books of account of VPIF to form part of VPIF's stated capital - approved by the requisite majority;

*the conversion of the company's ordinary par value shares into ordinary shares with no par value - approved by the requisite majority;

*the substitution of the current Memorandum of Incorporation ("MOI") and the adoption of a new MOI - approved by the requisite majority subject to the following modification to clause 28.16:



"With effect from the annual general meeting of the Company and subject to the provisions relating to the disqualification of Directors, at least one third of the directors, or if their number is not 3 (three) or a multiple of 3 (three), the number nearest to one third, but not less than one third then holding that position, shall retire from office."



The ordinary resolutions relating to the cession and assignment of the Asset Management

Agreement entered into between the company and Vunani Property Asset Management (Pty) Ltd. to Texton Property Investments (Pty) Ltd. and the directors' authority to give effect to the special and ordinary resolutions were approved by the requisite majority.



Change in the share capital:

The special resolutions as detailed above will be filed with the CIPC for acceptance and a further announcement will be made in due course relating to the dates applicable to the change in the share capital.
10-Jan-2014
(Official Notice)
Unitholders were referred to the circular dated 12 December 2013 which contained, inter alia, information relating to the substitution of the current MOI and the adoption of a new MOI. The Board has on request from certain unitholders, and subject to approval by the requisite majority of unitholders, agreed to amend the clause in the new MOI relating to the rotation of non- executive directors to also include executive directors.



The notice of the general meeting to be held on Thursday, 16 January 2014, states that the resolutions set out therein may be passed, with or without modification, and accordingly this announcement serves to advise unitholders that the following modification to clause 28.16 of the new MOI will be proposed at that meeting:



"28.16 With effect from the annual general meeting of the Company and subject to the provisions relating to the disqualification of Directors, at least one third of the directors, or if their number is not 3 (three) or a multiple of 3 (three), the number nearest to one third, but not less than one third then holding that position, shall retire from office."



Update regarding BBBEE status

The management and board of VPIF are committed to the transformation and empowerment objectives of South Africa and have expended considerable effort in addressing VPIF's objective of having a meaningful, sustainable and commercially driven black economic empowerment shareholding at the listed level. A sub-committee was appointed by the board to consider and propose both a suitable BBBEE structure and participants. It is anticipated that this structure will be implemented in the second quarter of 2014 once all relevant details and investors have been identified and finalised. Further announcements in this regard will be released as and when required.
23-Dec-2013
(Official Notice)
VPIF advises that the board has, in terms of a general authority approved by unitholders, authorised the company, through its subsidiary, Vunani Property Investment Trust, to enter into a repurchase programme via the JSE trading system to purchase its own units up to the value of R125 million at a price not greater than 10% above the volume weighted average trading price of VPIF over the 5 business days immediately preceding any particular repurchase.



The company enters a closed period with effect from the close of business on 31 December 2013 until 31 March 2014 (the final due date of the release of its interim results) and this notice is provided as the abovementioned programme may only be concluded during this period. The purchase will be effected within certain pre-set parameters in terms of the requirements of the Companies Act, the company?s Memorandum of Incorporation and the Listings Requirements of the JSE Limited.

13-Dec-2013
(Official Notice)
11-Nov-2013
(Official Notice)
05-Dec-2013
(Official Notice)
24-Oct-2013
(Official Notice)
27-Sep-2013
(Official Notice)
VPIF unitholders are advised that at the Annual General Meeting of the Company held today, 27 September 2013, all the resolutions as set out in the notice of Annual General Meeting incorporated in the Company's 2013 Integrated Annual Report, were duly approved by the requisite majority.
06-Sep-2013
(Official Notice)
In the financial results announcement released by the company on 19 August 2013 and the circular posted to unitholders on 5 September 2013, unitholders were advised that they would be able to elect to re- invest the cash distribution declared in that announcement in VPIF units at a price to be determined. Unitholders are advised that, based on current market conditions and pricing, VPIF believes that it is in the best interest of unitholders and the company not to proceed with this re-investment option. Unitholders are therefore advised that they will no longer be entitled to re-invest their cash distribution in return for VPIF linked units. All unitholders recorded in the register on Friday, 20 September 2013, will receive the cash distribution of 39.25 cents.
26-Aug-2013
(Official Notice)
VPIF announced the results of the rights offer of a maximum of 48 503 939 new linked units in the ratio of 40.21283 new linked units for every 100 linked units held on the record date at a subscription price of 987.33 cents per new linked unit ("rights units"). In terms of the rights offer:

* unitholders and their renouncees applied for 46 774 581 new linked units (96.4% of the rights units); and

* 1 729 358 new units (3.6% of the rights units) were allotted to the underwriter, Handful of Keys (Pty) Ltd.

resulting in the issued unit capital of the company increasing by 48 503 939 linked unit to 169 122 019 linked units.
19-Aug-2013
(C)
Revenue increased to R229.8 million (R171.9 million). Net attributable profit soared to R145.3 million (R21.1 million). In addition, headline earnings per linked unit surged to 97.44cplu (3.81cplu).



Distribution

Notice was given of debenture interest payment number 4 of 39.25 cents per linked unit for the six months ended 30 June 2013. Linked unitholders will be entitled to elect to re-invest the cash distribution in return for linked units ("linked unit alternative"), failing which they will receive the cash distribution in respect of all or part of their unitholding.





Notice of AGM

Notice was given to unitholders that the annual general meeting of unitholders of the company will be held in the boardroom, Vunani House, 151 Katherine Street, Sandton at 11:00 on Friday 27 September 2013.



Outlook

VPIF continued to outperform the sector and delivered on its promises to all stakeholders. Positive distribution growth for the upcoming financial year is expected with distributions anticipated to be between 84.00 to 86.00cplu as indicated in the SENS announcement dated 28 June 2013. As mentioned before, the outlook is tough but VPIF trades well in a tough market.
16-Aug-2013
(Official Notice)
Unitholders are hereby notified that VPIF is the process of finalising its results for the year ended 30 June 2013 and expects to publish these results on SENS on Monday, 19 August 2013 and not on Monday, 26 August 2013 as was previously indicated. This is due to the results being approved by the board of VPIF sooner than was initially expected. The investor presentations scheduled for Monday, 26 August 2013 and Wednesday, 28 August 2013 will still take place as planned.

14-Aug-2013
(Official Notice)
Unitholders were referred to the trading statement issued on 31 May 2013 in which the company stated that it anticipated that the distribution per linked unit for the six months ended 30 June 2013 would be between 36.5 cents and 38.5 cents and for the 12 months ended 30 June 2013 would be between 75 cents and 77 cents. Linked unitholders are advised that the distribution per linked unit for the 6 months ended 30 June 2013 will be 39.25 cents and for the 12 months ended 30 June 2013 the distribution will be 77.25 cents per linked unit. This represents a 19.7% increase in distributions year on year. VPIF has paid 38 cents per linked unit for the first 6 months ended 31 December 2012. For the 6 months to 30 June 2012, VPIF paid a distribution of 33.97 cents per linked unit and 64.51 cents per linked unit for the 12 months to 30 June 2012.



The increased distribution is a result of tight management of existing assets and yield accretionary acquisitions. Management believes these factors will continue to have an enduring and sustainable impact on future distributions. The company's financial results for the year ended 30 June 2013 will be released on or about 26 August 2013. Linked unitholders are also referred to the announcement dated 28 June 2013, which provided some insight into the company's prospects for the year ending 30 June 2014 and are advised that the information contained therein remains relevant.
23-Jul-2013
(Official Notice)
At the general meeting of unitholders held today, 23 July 2013, the relevant resolutions relating to the acquisition by the company of properties in Greenstone Hill in Gauteng were passed by the requisite majority of unitholders.
22-Jul-2013
(Official Notice)
12-Jul-2013
(Official Notice)
05-Jul-2013
(Official Notice)
28-Jun-2013
(Official Notice)
Unitholders were referred to the trading statement issued on 31 May 2013 in which the company stated that it anticipates the distribution per linked unit for the six months ending 30 June 2013 to be between 36.5 cents and 38.5 cents and for the 12 months ending 30 June 2013 to be between 75 cents and 77 cents. Having regard to the current Market conditions and the impending rights offer, the directors believe it appropriate to comment on the company's future prospects as follows:



Despite the uncertain economic outlook, highly competitive property landscape and upward pressure on administration and operating costs, the Board anticipates distributions for the next 12 months to 30 June 2014 to be between 84 and 86 cents per linked unit for the existing portfolio. This information is based on the assumptions that the macro-economic environment will remain stable, no major corporate failures will occur, budgeted renewals will be concluded and that clients will be able to absorb the recovery of the rising rates and utility costs. Budgeted rental income is based on contractual escalations and market related renewals.



The information and opinions contained above are expressed in good faith and are based upon sources believed to be reliable. However, due to the nature of forward looking projections, no representation, warranty, undertaking or guarantee of whatever nature is made or given concerning the accuracy and/or completeness of such information and/or the correctness of such opinions. The guidance provided relating to the company's expected future distributions has not been reviewed or reported on by the company's auditors. The company's financial results for the year ending 30 June 2013 will be released on or about 26 August 2013.
25-Jun-2013
(Official Notice)
Unitholders are advised that VPIF's application for REIT status has been approved by the JSE. The REIT status will be effective from the start of the company's financial year, i.e. 1 July 2013.
25-Jun-2013
(Official Notice)
Unitholders are advised that a circular, containing:

* Details of the related party acquisition by VPIF of the entire issued share capital and claims of Greenstone Hill Office Park (Pty) Ltd. and the rental enterprise conducted by Barrow Properties (Pty) Ltd.; and

* a notice of a general meeting of unitholders of the company to be held at the company's offices, Vunani House, Vunani Office Park, 151 Katherine Street, Sandown on Tuesday, 23 July 2013 at 11:00, was be posted to them on 25 June 2013.



The following dates should be noted:

* Record date for the distribution of the circular: Friday, 14 June

* Last day to trade to be eligible to vote at the general meeting: Friday, 5 July

* Record date for determining those shareholders entitled to vote at the general meeting: Friday, 12 July.
31-May-2013
(Official Notice)
Linked unit holders were advised that the company anticipates that the distribution per linked unit for the 6 months ending 30 June 2013 will be between 36.5 cents and 38.5 cents and for the 12 months ending 30 June 2013 will be between 75 cents and 77 cents. VPIF has paid 38 cents per linked unit for the first 6 months ended 31 December 2012. For the 6 months to 30 June 2012, VPIF paid a distribution of 33.97 cents per linked unit and 64.51 cents per linked unit for the 12 months to 30 June 2012.



The increased distribution is a result of tight management of existing assets and yield accretionary acquisitions. Management believes these factors will continue to have an enduring and sustainable impact on future distributions.



The company's financial results for the year ending 30 June 2013 will be released on or about 26 August 2013.
30-May-2013
(Official Notice)
VPIF unitholders were advised that at the general meeting of the company held on 30 May 2013, all the resolutions as set out in the notice of general meeting posted to VPIF unitholders on 2 May 2013, were duly approved by the requisite majority.
28-May-2013
(Official Notice)
Having regard to the financial effects of the acquisition, the cautionary announcement is hereby withdrawn.
28-May-2013
(Official Notice)
02-May-2013
(Official Notice)
Unitholders are referred to the announcement, dated 12 April 2013, which mentioned that the company would be undertaking a rights offer to raise capital to, inter alia, fund the acquisition of properties in Greenstone Hill and settle debt incurred in the acquisition of properties. Accordingly unitholders are advised that a notice of a general meeting to be held on 30 May 2013 has been posted to them to:

* obtain their authority to place a maximum of 70 million new units in the company's capital, under the control of the directors, in terms of clause 8.2.3 of the company's memorandum of incorporation, in order to raise up to R760 million to facilitate the proposed rights offer and/or other potential unit issues to settle property acquisitions only; and

* authorise the directors in terms of section 41(3) of the Companies Act No 71 of 2008, to issue new units that exceed 30% of the existing voting power of the entire issued unit capital of the company for purposes of the raising of capital.
12-Apr-2013
(Official Notice)
Unitholders are advised to exercise caution when dealing in the company's units until such time as the financial effects of the transaction and further details relating to the proposed rights offer are disclosed.
12-Apr-2013
(Official Notice)
03-Apr-2013
(Official Notice)
Further to the announcement published on SENS on 11 March 2013 regarding the appointment of new independent non-executive directors to the board of the company, unitholders were advised that:

*Portia Tau-Sekati has been appointed a member of the Investment committee, Social and Ethics committee and Remuneration and Nominations committee; and

*Kyansambo Vundla has been appointed a member of the Audit and Risk committee.

In accordance with the requirements of the King Code on Corporate Governance, Pragalathan Dhanapalan Naidoo, the independent non-executive chairman of VPIF, will no longer serve as a member of the Audit and Risk Committee.
11-Mar-2013
(Official Notice)
VPIF advised unitholders of the appointment, as independent non-executive directors, of Portia Tau-Sekati and Kyansambo Vundla, to the board of the company effective 11 March 2013.
25-Feb-2013
(C)
Revenue for the interim period shot up to R112.9 million (R70.2 million) and operating profit was higher at R70.2 million (R27.0 million). Total comprehensive income attributable to equity holders was R360 000 (loss of R56.7 million). Furthermore, headline earnings per share were 37.51 cents per linked unit (headline loss of 18.69 cents per linked unit).



Cash distribution

Notice was given of debenture interest payment number 3 of 38.00 cents per linked unit for the six months ended 31 December 2012.



Prospects

Despite the difficult economic climate, the portfolio has performed well over the past six months and the board expects similar performance to ensue in the second half of the year. VPIF will continue to focus on its strategy of growing the fund with yield enhancing assets without compromising on quality.
03-Dec-2012
(Official Notice)
Accordingly, linked unit holders are advised that the company anticipates that the distribution per linked unit for the 6 months ending 31 December 2012 will be between 36.00 cents and 38.00 cents. For the 20 week period since listing to 31 December 2011, VPIF paid a distribution of 27.00 cents per linked unit (30.54 cents per linked unit for the 6 months ended 31 December 2011). The increased distribution is a result of tight management of existing assets and yield accretionary acquisitions. Management believes these factors will continue to have an enduring and sustainable impact on future distributions.



The financial information on which this trading statement is based has not been reviewed or reported on by the company's auditors. The company's financial results for the 6 months ending 31 December 2012 will be released on or about 25 February 2013.



19-Oct-2012
(Official Notice)
VPIF unitholders are advised that at the annual general meeting of the company held on 19 October 2012, all the resolutions as set out in the notice of annual general meeting that accompanied the company's 2012 integrated annual report, with the exception of ordinary resolution nine which was withdrawn, were duly approved by the requisite majority.
16-Oct-2012
(Official Notice)
Vunani Properties (Pty) Ltd. ("VP"), a subsidiary of Vunani Ltd. ("VL") holds 18 151 317 linked units in the Company, equal to approximately 15% of the Company's issued linked units (the "VPIF Investment").



In 2010, Vunani and Vunani Capital (Pty) Ltd. ("VC"), a wholly owned subsidiary of VL, entered into debt restructuring agreements with their major lenders (the "VL Debt Restructure"). The VL Debt Restructure provided for a moratorium period on debt and interest payments and allowed VL and VC to settle a substantial portion of their debt obligations on a sustainable basis with their lenders. The moratorium period has ended and VL has agreed with its lenders that the remaining debt obligations will be settled through the proceeds of the disposal of the VPIF Investment. The shareholders of VP have passed a special resolution approving the sale and unbundling of the VPIF Investment and the proceeds from the VPIF Investment disposal are to be used to repay loans in VP including an inter-company loan with VC, and the balance distributed to shareholders.





It should be noted that VPIF directors are not disposing of their direct beneficial holdings in VPIF. In compliance with sections 3.63 to 3.74 of the Listings Requirements of the JSE, linked unitholders are advised of the following transactions in the company's linked units by associates of directors:

* Class of securities: Linked units ("lu")

* Date of trade, number of linked units and price: 9 100 000 lu on 12 October 2012 at 880 cpu

* Total value of transaction: R80 080 000

* Nature of transaction: Sale.
28-Sep-2012
(Official Notice)
Unitholders are referred to the cautionary announcement released by the company on 29 August 2012 and renewed in an announcement dated 12 September 2012 wherein they were advised that negotiations were in progress which, if successfully concluded, could have a material impact on the price of the company's linked units. Unitholders are advised that these negotiations have been terminated and the cautionary announcement is accordingly withdrawn.
17-Sep-2012
(C)
VPIF released their first set of final results for a complete 12 month period. Revenue for the year ended 30 June 2012 was R171.9 million, operating profit came in at R94.3 million, while total comprehensive income for the period attributable to equity holders was recorded at R21.1 million. Furthermore, basic earnings per linked unit was 85.69cplu.



Distribution

VPIF declared a maiden distribution of 27cplu for the 20 week interim period. The board of directors has now declared a final distribution of 33.97cplu. The total distribution for the year to linked unit holders since listing amounts to 60.97cplu.



Outlook

During the reporting period, VPIF outperformed the sector and delivered on its pre-listing forecasts, despite challenging economic conditions. The group believes this is due to hard disciplined work and project delivery, but also due to a clear understanding, and possibly a different approach to extracting value from the sector. VPIF think they can safely state the Fund's fundamental situation has never been better or more promising for the future. their focus has been, and will continue to be, to create maximum value for their unit holders and above market performance over time.
12-Sep-2012
(Official Notice)
Unitholders are referred to the cautionary announcement published by the company on 29 August 2012. The company continues to be involved in negotiations that if concluded, could have a material effect on the price of its units. Unitholders are therefore advised to continue to exercise caution when dealing in their VPIF units until such time as a further announcement is made.



12-Sep-2012
(Official Notice)
Unitholders are advised that VPIF has entered into a Sale of Enterprise Agreement with Money Box Investments 84 (Pty) Ltd., in terms of which VPIF will acquire the rental enterprise conducted as a going concern on Erf 155, Edenburg, Gauteng, known as The Business Centre. The agreement contains warranties normal for an acquisition of this nature.



VPIF was listed on the JSEon 11 August 2011. The main purpose of the listing was to provide VPIF with a platform for acquisitive growth and this transaction is a step towards VPIF?s stated intention to grow the portfolio by the acquisition of high quality yield-enhancing properties. The Business Centre will give an initial yield of 9.63%.



A cash purchase price of R64 500 000, which will be funded by debt, is payable by VPIF to the vendor, which amount includes VAT levied at the rate of 0% in terms of section 11(1)(e) of the VAT Act. The effective date of the transaction will be the date of registration of transfer of ownership of the property.The transaction is unconditional and is subject to transfer of the property.
04-Sep-2012
(Official Notice)
VPIF is currently finalising its results for the year ended 30 June 2012. The results for this period are not directly comparable to the forecast for the same period as set out in the company's Pre-Listing Statement dated 5 July 2011 ("the forecast"). The factors that impacted on the actual earnings and distribution being different from the forecasted earnings and distribution for the year are as follows:

*the listing of the company occurred on 11 August 2011 and not 1 July 2011 as assumed in the forecast;

*the three acquisitions (being Athol Ridge ("AR"), Cedar Park Properties 31 (Pty) Ltd. ("Cedar Park") and Pacific Eagle Properties 204 (Pty) Ltd. ("Pacific Eagle") were assumed to take place 1 July 2011 for forecast purposes, whereas the actual acquisition date was the date of listing; and

*the linked units were listed at a price of R7.05 and not R7.50 resulting in more units being issued than envisaged in the forecast and the company not achieving a zero debt position.



Accordingly, the directors anticipate that the company will report headline earnings per linked unit of between 2.0 cents and 3.6 cents (forecast between 40.51 cents and 40.85 cents). Earnings per linked unit for the year ended 30 June 2012 are not expected to differ by 20% or more from those set out in the forecast. The directors expect that the total distribution per linked unit for the year ended 30 June 2012 will be between 60.00 cents and 68.00 cents (forecast between 70.55 cents and 70.84 cents). The company's results for the year ended 30 June 2012 will be released on 17 September 2012.



In compliance with section 3.4(b)(vi) and 3.4(b)(vii) of the Listings, linked unitholders are advised that owing to the nature of the business conducted by VPIF, being that of a property loan stock investment company, the board of VPIF has decided to adopt the "distribution per linked unit" and "net asset value per linked unit" measures for future trading statement purposes, as it is considered to be a more appropriate yardstick to measure the performance of VPIF than "headline earnings per linked unit" and "earnings per linked unit".
29-Aug-2012
(Official Notice)
Unitholders were advised that the company is currently involved in negotiations that if concluded, could have a material effect on the price of VPIF's units. Unitholders were therefore advised to exercise caution in dealing with the units of VPIF until such time that a further announcement is made.
27-Jul-2012
(Official Notice)
Unitholders were advised ABSA Asset Management (Pty) Ltd. has notified the company that accounts under its management have increased their holding in the company, such that their total interest in the units of the company now amounts to 5.04% of the total issued units.
12-Mar-2012
(C)
VPIF released their maiden interim results, therefore there are no comparable figures. Revenue came in at R70.3 million, net loss before taxation was R54.6 million, while total comprehensive loss for the period attributable to equity holders of the group was recorded as R56.7 million. Furthermore, headline loss per unit was 18.69 cents per linked unit.



Distribution

A debenture interest payment number one of 27 cents per linked unit for the six months ended 31 December 2011.
01-Feb-2012
(Official Notice)
At the general meeting of shareholders held today, the relevant resolutions relating to the acquisition by the company of the foretrust building were passed by the requisite majority.
18-Nov-2011
(Official Notice)
The forecast financial information relating to the Foretrust Property for the financial periods ending 30 June 2012 and 30 June 2013 is set out below.

Forecast for the five months ending 30 June 2010 - forecast for twelve months ending 30 June 2013:

* Gross income: 13 612 721 - 34 164 983

* Straightline effect of leases: 3 432 916 - 6 767 453

* Property expenditure: (2 953 102) - (7 330 344)

* Other operating expenses: (497 000) - -

* Net operating income: 13 595 535 - 33 602 092

* Finance costs: (9 868 069) - (23 696 350)

* Debenture interest: (294 550) - (3 138 289)

* Net profit before tax: 3 432 916 - 6 767 453

* Taxation: (961 216) - (1 894 887)

* Net profit after taxation: 2 471 700 - 4 872 566

* Distributable earnings: 294 550 - 3 138 289



Further cautionary announcement

Unitholders are advised that negotiations are in progress relating to the acquisition of further properties which, if successfully concluded, could affect the price of the company's linked units. Accordingly, VPIF unitholders are advised to exercise caution when dealing in their linked units until a further announcement is made.
03-Nov-2011
(Official Notice)
VPIF unitholders are advised that at the annual general meeting of the company held today, 3 November 2011, all the resolutions as set out in the notice of annual general meeting that accompanied the company's 2011 annual report, with the exception of ordinary resolutions 12 and 13 which were withdrawn, were duly approved by the requisite majority. The special resolutions will be submitted to the Companies and Intellectual Property Commission (CIPC) for registration.
28-Oct-2011
(Official Notice)
Further to the cautionary announcement, dated 23 September 2011, and the renewal thereof on 28 October 2011, unitholders are advised that VPIF has entered into an agreement with Redefine Properties Limited ("the vendor"), in terms of which VPIF will acquire the enterprise conducted as a going concern in respect of the property known as "The Foretrust Building" ("the property" or "the transaction"). The agreement contains warranties normal for an acquisition of this nature. Description of property is: Erf 172 Roggebaai, in the City of Cape Town, Cape Division, in the Province of the Western Cape, measuring 4 370 square metres.



Further cautionary

The financial effects of the transaction will be published in due course. Unitholders were advised to continue exercising caution when dealing in the company's securities until such time as the financial effects of the transaction are published.
28-Oct-2011
(Official Notice)
28-Oct-2011
(Official Notice)
03-Oct-2011
(C)
During the year, the company changed its year end from 31 December to 30 June. These financial statements are for the six months ended 30 June 2011. These are VPIF's first six months results since listing on the JSE. Net operating income was recorded at R15 million and a total loss for the period amounted to R6.9 million. Headline earnings per share came in at 16.54cps.



Dividend

No dividend has been declared



Outlook

The board believes that the office market is currently near its lowest ebb, thereby creating embedded value for incoming investors. Office property rentals are expected to rise disproportionately in the medium term as the current oversupply is absorbed and the lack of new developments impacts on rentals. VPIF will continue to utilise its BEE rating to retain Government tenants and selectively acquire new Government tenanted buildings, based on sound investment fundamentals. The high proportion of single tenant and National Government or listed tenants is expected to underpin strong cash flows.



Notice of AGM

Notice was given to unit holders that the annual general meeting of unit holders of the company will be held in the boardroom, Vunani House, 151 Katherine Street, Sandton at 10:00 on Thursday 3 November 2011.
29-Sep-2011
(Official Notice)
VPIF's year-end was changed from December to June and the company's linked units were listed on the JSE on 11 August 2011. VPIF is currently finalising its results for the six months ended 30 June 2011. The results for this period are not directly comparable to the forecast for the same period as set out in the company's pre-listing statement dated 5 July 2011 ("the forecast"). The forecast included the three properties acquired on listing on the assumption that the transfer of these properties took place as at 1 January 2011. However, the actual results for the six months ended 30 June 2011 exclude these three properties as they were only transferred into VPIF on the date of listing. Thus, there is a variation of more than 20% in the results. The directors anticipate that the company will report basic earnings and headline earnings per linked unit, for the six months ended 30 June 2011, as follows: Basic earnings per linked unit: Between 15.03 cents and 18.19 cents (forecast: 74.93 cents) Headline earnings per linked between 14.96 cents and 18.74 unit: cents (forecast: 18.89 cents) The company's results for the six months ended 30 June 2011 will be released by the end of September 2011.
23-Sep-2011
(Official Notice)
Unitholders were advised that the company is currently involved in negotiations in respect of property acquisitions that if concluded, could have a material effect on the price of VPIF's units. Unitholders are therefore advised to exercise caution in dealing with the units of VPIF until such time that a further announcement is made.
07-Sep-2011
(Official Notice)
VPIF advised unitholders of the resignation of Marelise De Lange as company secretary effective 1 September 2011. Marelise will continue in the role of financial director. With effect from 1 September 2011, Probity Business Services (Pty) Ltd will assume the role of company secretary.
18-Aug-2011
(Media Comment)
According to The Financial Mail, VPIF is well placed for a recovery in the office sector. What differentiates VPIF from rival listed real estate companies is that it is the only property fund that has an almost exclusive exposure (92% by value) to the office sector. This could make VPIF attractive to investors who only want to invest in this sector. 80% of VPIF's property portfolio is based in Johannesburg or Pretoria, with the remaining 20% invested mainly in buildings in Cape Town.
06-Sep-2018
(X)
Texton is a JSE-approved Real Estate Investment Trust. The primary business of Texton is long-term investment in quality, rental-generating properties, which are maintained and upgraded or refurbished as necessary so as to increase the long-term value of the property assets.



As at 30 June 2017, Texton?s property portfolio comprised 43 owned and managed properties in the South African industrial, offi ce and retail sectors valued at R3.4 billion (2016: R3.5 billion) and eleven owned and managed properties in the United Kingdom industrial, office and retail sectors valued at R2.1 billion (2016: R1.6 billion) which includes a 50% shareholding in Inception (Reading) S.?.r.l which owns the Broad Street Mall in Reading, a secondary node in the United Kingdom.


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