TEXTON PROPERTY FUND LIMITED - Notice of Annual General Meeting, No Change Statement and Extension of Period in Respect of Payment of Dividends

Notice of Annual General Meeting, No Change Statement and Extension of Period in Respect of Payment of Dividends

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



NOTICE OF ANNUAL GENERAL MEETING, NO CHANGE STATEMENT AND EXTENSION OF
PERIOD IN RESPECT OF PAYMENT OF DIVIDENDS FOR THE YEAR ENDED 30 JUNE 2020

Shareholders are advised that a notice of the annual general meeting of Texton shareholders (“AGM”)
was dispatched on Friday, 30 October 2020. The notice of the AGM is available with immediate effect
on the Company’s website: http://www.texton.co.za/company-information/REPORTS-PUBLICATIONS

The AGM will be held by way of electronic participation in accordance with the provisions of section
63(2) of the Companies Act 71 of 2008 and the JSE Listings Requirements as read with the Company’s
memorandum of incorporation at 13:00 on Monday, 30 November 2020. The last day to trade in order
to be eligible to participate in and vote at the AGM is Tuesday, 17 November 2020 and the record date
for voting purposes is Friday, 20 November 2020.

NO CHANGE STATEMENT

Shareholders are further advised that Texton’s integrated annual report and the group audited annual
financial statements for the financial year ended 30 June 2020 (on which the auditors expressed an
unmodified audit opinion) are available with immediate effect on the Company’s website,
http://www.texton.co.za/company-information/REPORTS-PUBLICATIONS, and contain no changes
from the summarised consolidated results for the year ended 30 June 2020 (the “FY2020 results”),
released on SENS on 23 September 2020.

PAYMENT OF DIVIDENDS FOR THE YEAR ENDED 30 JUNE 2020

Shareholders are referred to the market notice issued on 26 June 2020 by the Financial Services
Conduct Authority (“FSCA”), wherein the FSCA granted REITs, that have financial year ends of 29
February 2020 to 30 September 2020, an extension of two months within which they are required to
comply with the requirements of paragraph 13.47 of the JSE Listings Requirements to distribute at least
75% of the REIT’s total distributable profits.

Texton’s distribution is therefore to be effected by no later than six months after its financial year end
(i.e. by 31 December 2020), subject to solvency and liquidity. Shareholders are advised that Texton will
be relying on this extension granted by the FSCA and accordingly, as advised in the FY2020 results,
the board of directors of Texton has deferred its decision on the declaration of the final dividend for the
year ended 30 June 2020 until December 2020, or an earlier date to be advised.


30 October 2020


Sponsor

Investec Bank Limited

Date: 30-10-2020 02:21:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.