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Repurchase of shares
FORTRESS REAL ESTATE INVESTMENTS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2009/016487/06)
JSE share code: FFB
ISIN: ZAE000248506
Bond company code: FORI
LEI: 378900FE98E30F24D975
("Fortress" or the "Company")
REPURCHASE OF SHARES
Pursuant to the provisions of the scheme rules of the Long-Term Incentive Plan ("LTIP"), a staff incentive scheme
approved in terms of Schedule 14 of the JSE Listings Requirements, any unvested LTIP award shares are to be
forfeited and cancelled following the termination of employment of a participant of the LTIP.
Accordingly, shareholders are advised that 277 274 Fortress B ordinary shares were repurchased by the Company
on 24 October 2024. The repurchase was done for nil consideration.
The repurchased shares have reverted to the authorised but unissued ordinary share capital of Fortress in accordance
with section 35(5) of the Companies Act, 71 of 2008, as amended. Application will be made to the JSE for the
delisting of the repurchased shares.
Following the repurchase, Fortress will have no Fortress B ordinary shares held in treasury.
25 October 2024
Lead sponsor Debt sponsor and joint equity sponsor
Java Capital Nedbank Corporate and Investment Banking,
(a division of Nedbank Limited)
Date: 25-10-2024 01:00:00
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