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Trading Statement
SPEAR REIT LIMITED
(previously Arrow 2 Investments Proprietary Limited)
Incorporated in the Republic of South Africa
Registration number 2015/407237/06
Share Code: SEA, ISIN ZAE000228995
(Approved as a REIT by the JSE)
(“Spear” or “the Company”)
TRADING STATEMENT
In terms of the JSE Listings Requirements, property entities are
required to publish a trading statement as soon as they are
satisfied that a reasonable degree of certainty exists that the
distribution for the period to be reported on next will differ by
at least 15% from the distribution forecast previously provided to
the market in relation to such period.
The Company previously adopted distribution per share as the
applicable criteria for trading statement purposes. Accordingly,
shareholders are advised that Spear anticipates that its
distribution per share for the 4-month period ended 28 February
2017 will be between 23.30 cents per share and 23.70 cents per
share, being between 15.69% and 17.68% higher than the 20.14 cents
per share forecast per the Spear Pre-Listing Statement issued on
21 October 2016.
Distribution growth was enhanced primarily due to strong portfolio
revenue growth as well as prudent and active asset and financial
management, resulting in rental income growth and operating expense
savings.
The financial information on which this trading statement is based,
has not been reviewed or reported on by Spear’s auditors. The
financial results for the year ended 28 February 2017 will be
published on or about 17 May 2017.
21 April 2017
Cape Town
Designated adviser: PSG Capital Proprietary Limited
Date: 21/04/2017 11:05:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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