Fortress REIT Ltd (JSE: FFA and FFB) welcomes the announcement yesterday by the Financial Sector Conduct Authority (FSCA) that there is no evidence of prohibited trading practices by related parties in relation to Fortress share trades.

Tuesday, 25 June 2019 16:14

Equites Property Fund to list on A2X

Equites Property Fund Limited has been approved for a secondary listing on A2X Markets and its shares will be available for trade on A2X from 1 July 2019.

NEPI Rockcastle welcomes the conclusion of the investigation by the Financial Sector Conduct Authority (FSCA) relating to allegations of market abuse.

NEPI Rockcastle has been approved for a secondary listing on A2X Markerts and its shares will be available for trade on A2X from Tuesday, 18 June 2019.

The PwC investigation commissioned in November last year by the Special Subcommittee of the board of directors of Fortress REIT Ltd (JSE: FFA and FFB), has found no conclusive evidence to confirm any of the allegations made against the Company or its Management in respect of market manipulation or insider trading and in respect of undue related party benefits or wrongdoing in historic property transactions.

The SA REIT sector’s focus on improved corporate governance is expected to support positive sentiment for investment in listed property in 2019.

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