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