TEXTON PROPERTY FUND LIMITED - Renewal of Cautionary Announcement and Cancellation of the Acquisition of Property Portfolio

Renewal of Cautionary Announcement and Cancellation of the Acquisition of Property Portfolio

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”)

RENEWAL OF CAUTIONARY ANNOUNCEMENT AND CANCELLATION OF THE ACQUISITION OF PROPERTY PORTFOLIO

Renewal of cautionary announcement

Further to the cautionary announcement dated 23 August 2018, and the subsequent renewal of cautionary
announcement dated 13 September 2018, Shareholders are advised that the matter regarding the PIC’s
exercising of the Put Option is ongoing and may have a material effect on the price of the Company’s
securities.

Accordingly, shareholders are advised to continue exercising caution when dealing in the Company’s
securities until a further announcement is made.

Cancellation of the acquisition of property portfolio

Shareholders are referred to the Acquisition of Property Portfolio announcement released on SENS on
21 May 2018, wherein shareholders were advised that the Company had concluded sale of rental enterprise
agreements with Equites Property Fund Limited (“Equites”) and various wholly-owned subsidiaries thereof for
the acquisition of a portfolio of logistics properties (“the Acquisition”).

Shareholders are advised that the Acquisition agreements have been terminated by Equites due to Texton
being unable to perform under the Acquisition agreements.



Johannesburg
25 October 2018

Sponsor
Merchantec Capital

Date: 25/10/2018 03:30:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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