TEXTON PROPERTY FUND LIMITED - Acquistion of Texton Shares and Dealings in Securities by Associates of Directors

Acquistion of Texton Shares and Dealings in Securities by Associates of Directors

TEXTON PROPERTY FUND LIMITED
Granted REIT status by the JSE
(Incorporated in the Republic of South Africa)
(Registration number 2005/019302/06)
JSE share code: TEX       ISIN: ZAE000190542
(“Texton” or the “Company”)



ACQUISTION OF TEXTON SHARES AND DEALINGS IN SECURITIES BY ASSOCIATES OF DIRECTORS




Texton shareholders are referred to the joint firm intention announcement released by Texton and Oak Tech Properties
Proprietary Limited, Oak Tech Trading Proprietary Limited and its concert parties (“Offeror”), on SENS on 30 October 2020.

In accordance with Regulation 98 of the Companies Act No. 71 of 2008, as amended, Texton shareholders are advised
that the Offeror has acquired a further 1 537 501 Texton ordinary shares in the open market at a price not greater than the
proposed offer consideration of R1.20 per Texton ordinary share. This has resulted in the Offeror increasing their indirect
beneficial interest in Texton ordinary shares from 40.07% to 40.51% (net of Texton treasury shares).


In compliance with sections 3.63 to 3.74 of the Listings Requirements of the JSE Limited, shareholders are advised of the
following transaction in the company’s ordinary shares by Oak Tech Trading Proprietary Limited and Oak Tech Properties
Proprietary Limited, being associates of directors:



Name of director:                                    Mr Marcel Golding and Mr Robert Franco
Name of associate:                                   Oak Tech Trading Proprietary Limited (“Oak Tech Trading”)
                                                     Mr Golding is a director of Oak Tech Trading and is an ultimate
                                                     shareholder of Geomer Investments Proprietary Limited which is in
                                                     turn a shareholder of Oak Tech Trading. Mr Franco is an ultimate
Relationship of director to associate:
                                                     shareholder of Kloof Capital South Africa Proprietary Limited
                                                     (“Kloof Capital”) which is in turn a shareholder of Oak Tech
                                                     Trading.
Class of securities:                                 Ordinary shares
Nature of the transaction:                           Purchase of shares on market
Extent of director’s interest:                       Indirect beneficial
Clearance to deal obtained:                          Yes
Date of transaction:                                 02 November 2020
Number of securities:                                7,688
Price per security:                                  R1.15
Value of transaction:                                R8 841.20
                                                                                                                             

Name of director:                                    Mr. Robert Franco
Name of associate:                                   Oak Tech Properties Proprietary Limited (“Oak Tech Properties”)
                                                     Mr Franco is a director and Kloof Capital is in turn a shareholder of
Relationship of director to associate:
                                                     Oak Tech Properties.
Class of securities:                                 Ordinary shares
Nature of the transaction:                           Purchase of shares on market
Extent of director’s interest:                       Indirect beneficial
Clearance to deal obtained:                          Yes
Date of transaction:                                 02 November 2020
Number of securities:                                1 529 813
Price per security:                                  R1.15
Value of transaction:                                R1 759 284.95


Independent board and Texton board responsibility statement

The Texton independent board and Texton board collectively and individually accept responsibility for the information
contained in this announcement insofar as it relates to Texton. To the best of their collective knowledge and belief, the
information contained in this announcement is true and this announcement does not omit anything likely to affect the
importance of the information.


Offeror responsibility statement

The Offeror accepts responsibility for the information contained in this announcement insofar as it relates to detail around
the Offeror. To the best of their collective knowledge and belief, the information contained in this announcement is true
and this announcement does not omit anything likely to affect the importance of the information.


Sandton
4 November 2020


CORPORATE ADVISER AND SPONSOR TO TEXTON
Investec Bank Limited

CORPORATE ADVISER TO OAK TECH PROPERTIES
Investec Bank Limited

Date: 04-11-2020 03:49:00
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