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FORTRESS REIT LIMITED - Dealings in securities by a director and by associates of a director of the company

Release Date: 06/06/2019 14:35
Code(s): FFB FFA FIFB10 FIFB09 FIFB12 FIFB15 FIFC33 FIFB11 FIFB14     PDF:  
 
Wrap Text
Dealings in securities by a director and by associates of a director of the company

FORTRESS REIT LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2009/016487/06)
JSE share codes:    FFA ISIN: ZAE000248498
                    FFB ISIN: ZAE000248506
Bond company code:  FORI
(Approved as a REIT by the JSE)
("Fortress" or "the company")

DEALINGS IN SECURITIES BY A DIRECTOR AND BY ASSOCIATES OF A DIRECTOR OF THE COMPANY

Shareholders are advised of the following information relating to dealings in securities by a director and by 
associates of a director of Fortress:

Name of director:                                    Steven Brown
Transaction date:                                    4 June 2019
Class of securities:                                 Fortress A ordinary shares
Number of securities:                                2 550
Price per security:                                  R20.34
Total value:                                         R51 867.00
Nature of transaction:                               On-market sale
Nature and extent of director's interest:            Direct beneficial
Clearance to deal received:                          Yes
Name of associate:                                   Morulat Property Investments 1 (Pty) Ltd ("Morulat")

Name of director and relationship to director:       Mark Stevens, who is a trustee and beneficiary of the MWS
                                                     Investment Trust ("the Trust"), which owns 50% of Sakhisizwe
                                                     Holdings (Pty) Ltd, which owns 100% of Morulat
Transaction date:                                    4 June 2019
Class of securities:                                 Fortress A ordinary shares
Number of securities:                                9 500
Price per security:                                  R20.55
Total value:                                         R195 225.00
Nature of transaction:                               On-market sale
Nature and extent of director's interest:            Indirect beneficial
Clearance to deal received:                          Yes
Name of associate:                                   Dusty Gold Investments 4 (Pty) Ltd ("Dusty Gold")

Name of director and relationship to director:       Mark Stevens, who is a trustee and beneficiary of the Trust,
                                                     which owns 100% of Dusty Gold
Transaction date:                                    4 June 2019
Class of securities:                                 Fortress B ordinary shares
Number of securities:                                2 000 000
Price per security:                                  R11.60
Total value:                                         R23 200 000.00
Nature of transaction:                               On-market purchase
Nature and extent of director's interest:            Indirect beneficial
Clearance to deal received:                          Yes

6 June 2019

Lead sponsor
Java Capital

Joint sponsor
Nedbank Corporate and Investment Banking

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