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TEXTON PROPERTY FUND LIMITED - Acquistion of Texton Shares and Dealings in Securities by Associates of Directors

Release Date: 18/01/2021 11:31
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Acquistion of Texton Shares and Dealings in Securities by Associates of Directors

TEXTON PROPERTY FUND LIMITED
Granted REIT status by the JSE
(Incorporated in the Republic of South Africa)
(Registration number 2005/019302/06)
JSE share code: TEX       ISIN: ZAE000190542
(“Texton” or the “Company”)



ACQUISTION OF TEXTON SHARES AND DEALINGS IN SECURITIES BY ASSOCIATES OF DIRECTORS


Texton shareholders are referred to the joint circular released by Texton and Oak Tech Properties Proprietary Limited ("Oak
Teach Properties"), Oak Tech Trading Proprietary Limited ("Oak Tech Trading") (together the “Offeror”), and its concert
parties on Friday, 27 November 2020. In accordance with Regulation 98 of the Companies Act No. 71 of 2008, as amended,

Texton shareholders are advised that the Offeror has acquired a further 97,005 Texton ordinary shares as part of the
mandatory offer. This has resulted in the Offeror increasing their indirect beneficial interest in Texton ordinary shares from
42.32% to 42.35% (net of Texton treasury shares).


In compliance with sections 3.63 to 3.74 of the Listings Requirements of the JSE Limited, Texton shareholders are advised
of the following transactions in the Company’s ordinary shares by Oak Tech Trading and Oak Tech Properties, being
associates of directors of the Company:



Name of director:                                      Mr. Marcel Golding and Mr. Robert Franco
Name of associate:                                     Oak Tech Trading Proprietary Limited (“Oak Tech Trading”)
                                                       Mr. Golding is a director of Oak Tech Trading and is an ultimate
                                                       shareholder of Geomer Investments Proprietary Limited which is in
                                                       turn a shareholder of Oak Tech Trading. Mr. Franco is an ultimate
Relationship of director to associate:                 shareholder of Kloof Capital South Africa Proprietary Limited 
                                                       (“Kloof Capital”) which is in turn a shareholder of Oak Tech
                                                       Trading.                                                       
Class of securities:                                   Ordinary shares
Nature of the transaction:                             Purchase of shares on market
Extent of director’s interest:                         Indirect beneficial
Clearance to deal obtained:                            Yes
Date of transaction:                                   18 January 2021
Number of securities:                                  485
Price per security:                                    R1.20
Value of transaction:                                  R582.00
                                                                                                                          

Name of director:                                      Mr. Robert Franco
Name of associate:                                     Oak Tech Properties Proprietary Limited (“Oak Tech Properties”)                                                       
Relationship of director to associate:                 Mr. Franco is an ultimate shareholder of Kloof Capital which is in
                                                       turn a shareholder of Oak Tech Properties.
Class of securities:                                   Ordinary shares
Nature of the transaction:                             Purchase of shares on market
Extent of director’s interest:                         Indirect beneficial
Clearance to deal obtained:                            Yes
Date of transaction:                                   18 January 2021
Number of securities:                                  96,520
Price per security:                                    R1.20
Value of transaction:                                  R115,824.00


Independent board and Texton board responsibility statement

The Texton independent board and Texton board collectively and individually accept responsibility for the information
contained in this announcement insofar as it relates to Texton. To the best of their collective knowledge and belief, the
information contained in this announcement is true and this announcement does not omit anything likely to affect the

importance of the information.



Offeror responsibility statement

The Offeror accepts responsibility for the information contained in this announcement insofar as it relates to detail around
the Offeror. To the best of their collective knowledge and belief, the information contained in this announcement is true
and this announcement does not omit anything likely to affect the importance of the information.



Sandton

18 January 2021

CORPORATE ADVISER AND SPONSOR TO TEXTON
Investec Bank Limited

CORPORATE ADVISER TO THE OFFEROR
Investec Bank Limited

Date: 18-01-2021 11:31:00
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