Sharenet Sites 
Sharenet Sites
Update on the suspension and further cautionary announcement, status on the appointment of a CEO
DELTA PROPERTY FUND LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2002/005129/06)
JSE share code: DLT ISIN: ZAE000194049
(Approved as a REIT by the JSE)
(“Delta” or the “Company”)
UPDATE ON THE SUSPENSION AND FURTHER CAUTIONARY ANNOUNCEMENT
STATUS ON THE APPOINTMENT OF A CEO
Delta shareholders are referred to the various announcements released by the Company on SENS, the
latest being on 9 and 15 December 2020, relating to a forensic investigation by Mazars (the “Forensic
Investigation”) into alleged procurement irregularities and the misappropriation of funds by senior
executives and Delta’s subsequent engagement with its auditor, BDO South Africa Incorporated (the
“Auditor”) in respect of the Forensic Investigation, which led to the withdrawal by the Auditor of its audit
opinion in respect of the financial statements for the year ended February 2020 (“2020 Financial
Statements”), the Delta board of directors’ (“Board”) subsequent withdrawal of the 2020 Financial
Statements (“Withdrawal”) and the JSE-initiated suspension of the Company (“Suspension”) on
15 December 2020.
The Board continues to view the Suspension as a temporary measure until the Company is in a position
to publish audited restated 2020 Financial Statements and the interim results for the six months ended
31 August 2020 (“Interim Results”). Based on current feedback from the Auditor, the Board continues
to target the publication of the 2020 Financial Statements and the Interim Results by no later than
26 February 2021, whereupon the Board will apply for the Suspension to be lifted.
Based on the above, shareholders are advised to continue exercising caution in Delta securities until a
further announcement is made and the Suspension is lifted.
In respect of the appointment of a CEO, the Board advises shareholders that the process to recruit a
CEO is continuing and further details will be provided once the appointment is made.
25 January 2021
Johannesburg
Sponsor: Nedbank Corporate & Investment Banking, a division of Nedbank Limited
Date: 25-01-2021 10:00:00
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