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Acceptance of shares in terms of the fortress share purchase trust (“TRUST”)
FORTRESS INCOME FUND LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2009/016487/06)
JSE share codes: FFA ISIN: ZAE000192787
FFB ISIN: ZAE000192795
(Approved as a REIT by the JSE)
(“Fortress”)
Acceptance of shares in terms of the fortress share purchase trust (“TRUST”)
Shareholders are advised of the following information relating to the acceptance of shares as offered to directors and officers in terms of
the rules of the Trust.
In terms of the rules of the Trust, ownership in such shares vests in the beneficiaries stated below, but such shares have been pledged to the
trustees of the Trust until the outstanding balance due in respect of the shares (including interest) is paid.
Name of director: Fareed Wania
Transaction date: 12 December 2016
Class of securities: Fortress A ordinary shares
Number of securities: 250 000
Price per security: R16.29
Total value: R4 072 500.00
Nature of transaction: Off-market acceptance of shares in terms of the Trust
Nature and extent of director’s interest: Direct beneficial
Clearance to deal received: Yes
Name of director: Fareed Wania
Transaction date: 12 December 2016
Class of securities: Fortress B ordinary shares
Number of securities: 250 000
Price per security: R32.36
Total value: R8 090 000.00
Nature of transaction: Off-market acceptance of shares in terms of the Trust
Nature and extent of director’s interest: Direct beneficial
Clearance to deal received: Yes
Name of director: Steven Brown
Transaction date: 12 December 2016
Class of securities: Fortress A ordinary shares
Number of securities: 250 000
Price per security: R16.29
Total value: R4 072 500.00
Nature of transaction: Off-market acceptance of shares in terms of the Trust
Nature and extent of director’s interest: Direct beneficial
Clearance to deal received: Yes
Name of director: Steven Brown
Transaction date: 12 December 2016
Class of securities: Fortress B ordinary shares
Number of securities: 250 000
Price per security: R32.36
Total value: R8 090 000.00
Nature of transaction: Off-market acceptance of shares in terms of the Trust
Nature and extent of director’s interest: Direct beneficial
Clearance to deal received: Yes
Name of associate Rumae Holdings (Pty) Ltd
Name of director and relationship to director: Rual Bornman, who accepted in the name of Rumae Holdings (Pty)
Ltd, which is owned by The Rumae Trust, of which he is a trustee
and beneficiary.
Transaction date: 12 December 2016
Class of securities: Fortress A ordinary shares
Number of securities: 900 000
Price per security: R16.29
Total value: R14 661 000.00
Nature of transaction: Off-market acceptance of shares in terms of the Trust
Nature and extent of director’s interest: Indirect beneficial
Name of associate Rumae Holdings (Pty) Ltd
Name of director and relationship to director: Rual Bornman, who accepted in the name of Rumae Holdings (Pty)
Ltd, which is owned by The Rumae Trust, of which he is a trustee
and beneficiary.
Transaction date: 12 December 2016
Class of securities: Fortress B ordinary shares
Number of securities: 900 000
Price per security: R32.36
Total value: R29 124 000.00
Nature of transaction: Off-market acceptance of shares in terms of the Trust
Nature and extent of director’s interest: Indirect beneficial
Name of associate: Dusty Gold Investments 4 (Pty) Ltd
Name of director and relationship to director: Mark Stevens, who accepted in the name of Dusty Gold
Investments 4 (Pty) Ltd, which is owned by MWS Investment
Trust, of which he is a trustee and beneficiary.
Transaction date: 12 December 2016
Class of securities: Fortress A ordinary shares
Number of securities: 1 000 000
Price per security: R16.29
Total value: R16 290 000.00
Nature of transaction: Off-market acceptance of shares in terms of the Trust
Nature and extent of director’s interest: Indirect beneficial
Name of associate: Dusty Gold Investments 4 (Pty) Ltd
Name of director and relationship to director: Mark Stevens, who accepted in the name of Dusty Gold
Investments 4 (Pty) Ltd, which is owned by MWS Investment
Trust, of which he is a trustee and beneficiary.
Transaction date: 12 December 2016
Class of securities: Fortress B ordinary shares
Number of securities: 1 000 000
Price per security: R32.36
Total value: R32 360 000.00
Nature of transaction: Off-market acceptance of shares in terms of the Trust
Nature and extent of director’s interest Indirect beneficial
Name of associate Limit 26 Investments One (Pty) Ltd
Name of director and relationship to director: Wiko Serfontein, who accepted in the name of Limit 26 Investments
One (Pty) Ltd, which is owned by Serfontein Familie Trust, of which
he is a trustee and beneficiary.
Transaction date: 12 December 2016
Class of securities: Fortress A ordinary shares
Number of securities: 250 000
Price per security: R16.29
Total value: R4 072 500.00
Nature of transaction: Off-market acceptance of shares in terms of the Trust
Nature and extent of director’s interest: Indirect beneficial
Name of associate Limit 26 Investments One (Pty) Ltd
Name of director and relationship to director: Wiko Serfontein, who accepted in the name of Limit 26 Investments
One (Pty) Ltd, which is owned by Serfontein Familie Trust, of which
he is a trustee and beneficiary.
Transaction date: 12 December 2016
Class of securities: Fortress B ordinary shares
Number of securities: 250 000
Price per security: R32.36
Total value: R8 090 000.00
Nature of transaction: Off-market acceptance of shares in terms of the Trust
Nature and extent of director’s interest: Indirect beneficial
Name of company secretary: Tamlyn Stevens
Transaction date: 12 December 2016
Class of securities: Fortress A ordinary shares
Number of securities: 100 000
Price per security: R16.29
Total value: R1 629 000.00
Nature of transaction: Off-market acceptance of shares in terms of the Trust
Nature and extent of director’s interest: Direct beneficial
Clearance to deal received: Yes
Name of company secretary: Tamlyn Stevens
Transaction date: 12 December 2016
Class of securities: Fortress B ordinary shares
Number of securities: 100 000
Price per security: R32.36
Total value: R3 236 000.00
Nature of transaction: Off-market acceptance of shares in terms of the Trust
Nature and extent of director’s interest: Direct beneficial
Clearance to deal received: Yes
13 December 2016
Sponsor
Java Capital
Date: 13/12/2016 03:39:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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