Texton Results Postponed

Posted On Monday, 03 September 2018 11:33 Published by
Rate this item
(0 votes)

The Texton Board today received communication from the Public Investment Corporation (PIC) relating to the funding granted by GEPF to BEE SPV and the Put Option which was granted to GEPF by Texton.

 NOSIPHIWO-BALFOUR

“As we assess the implications of this development on the business we’ve decided to postpone the Company’s results for the year ended 30 June 2018, which were due to be released on SENS on 3 September 2018. Our results presentations, which were due to be held on 3 and 4 September 2018 in Johannesburg and Cape Town respectively, are consequently also cancelled until further notice,” says Nosiphiwo Balfour, Texton CEO.

Balfour also said that the Texton Board of Directors sees this matter as an absolute priority will along with its advisors, follow all processes in the responsible management of shareholder interest.

“We want to confirm our commitment to transparent and open communication with all shareholders and stakeholders. We will make further announcements as more information becomes available,” she concludes.

Texton Property Fund is a JSE listed property investment fund formed to invest directly in income producing properties that offer potential for capital appreciation. The funded was formed in 2006 and listed on the JSE in 2011.

Last modified on Tuesday, 04 September 2018 07:13

Most Popular

53 Telkom properties coming up for auction

Mar 02, 2020
Orange Grove
GoIndustry DoveBid SA (GoIndustry) is hosting another massive property auction on behalf…

Balwin's Munyaka registers record R850 million in opening weekend sales, selling 555 apartments

Mar 09, 2020
Steve_Brookes_Balwin_Properties
JSE listed Balwin Properties, a developer that cares about environmentally responsible…

Young buyers driving residential property market in Bloemfontein

Mar 04, 2020
Bloem Willows
Bloemfontein is experiencing a surge in residential property transactions concluded by…

Hyprop bolsters Rosebank Mall offering through securing the Checkers Premium FreshX concept

Mar 04, 2020
Rosebank Mall
Shoppers at Rosebank Mall in Johannesburg can look forward to a world-class supermarket…

Fairvest Property Holdings maintains above-inflation growth in challenging market

Mar 02, 2020
Darren Wilder CEO Fairvest Property Holdings
Fairvest Property Holdings Limited (“Fairvest”) today again announced solid results for…

Please publish modules in offcanvas position.