Enhanced Investments - Financial Portal

Finalisation announcement in respect of the underwritten, non-renounceable rights offer

Published: 2023-12-18 08:05:52 ET

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”)


FINALISATION ANNOUNCEMENT IN RESPECT OF THE UNDERWRITTEN, NON-RENOUNCEABLE RIGHTS OFFER


Shareholders are referred to the declaration announcement released on SENS on Wednesday, 6 December 2023
(“Declaration Announcement”). Unless otherwise defined herein, the words and expressions contained in this
announcement shall have the same meanings as assigned to them in the Declaration Announcement and/or Circular.

Shareholders are advised that the Company has now received all necessary approvals and the Rights Offer is unconditional.
Accordingly, the Rights Offer may now be implemented. The Rights Offer is a partially underwritten non-renounceable Rights
Offer to Texton Shareholders of a total of 38 636 364 Rights Offer Shares at a Subscription Price of R2.20000 (220 cents)
per share, in the ratio of 14.88474 Rights Offer Shares for every 100 Texton Shares held on Friday, 29 December 2023. To
the extent not underwritten, the Rights Offer is supported by the Supportive Shareholders;

The salient dates and times of the Rights Offer will be the same as those published in the Declaration Announcement.

The Rights Offer circular will be made available on Texton’s website from Thursday, 21 December 2023.

Sandton
18 December 2023

Transaction sponsor
Investec Bank Limited

Legal advisor
Solaris Law

Enhanced Investments, Inc.
329 South Oyster Bay Road #2085
Plainview, NY 11803
team@eninvs.com

Important disclosures

Performance results were prepared by Enhanced Investments, and have not been compiled, reviewed or audited by an independent accountant. Performance estimates are subject to future adjustment and revision. Investors should be aware that a loss of investment is possible. Account holdings are for illustrative purposes only and are not investment recommendations. Additional information, including (i) the calculation methodology; and (ii) a list showing the contribution of each holding to the portfolio’s performance during the time period will be provided upon request.
All statements made via social media sites sponsored or maintained by Enhanced Investments and its affiliates are for informational purposes only and do not constitute a comprehensive description of Enhanced Investments' investment advisory services.
Certain investments are not suitable for all investors. Before investing, consider your investment objectives and applicable fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Information provided by Enhanced Investments is for informational and general educational purposes only and is not investment or financial advice.

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All the strategies assume investments in equity invstrumenta only and are more relevant for "agressive investment profile". Eastern European flagship strategy assumes using up to 20% leverage of total portfolio. GlobalCommodities and US Growth strategy currently assume no leverage.
Results for the Enhanced Investments strategies as compared to the performance of Illustrative Benchmarks is for informational purposes only. Our investment program does not mirror that of the Illustrative Benchmarks and the volatility may be materially different from the volatility of Illustrative Benchmarks. Reference or comparison to an Illustrative Benchmark does not imply that strategies of Enhanced Investments will be constructed in the same way as the Illustrative Benchmark or achieve returns, volatility, or other results similar to those of the Illustrative Benchmark. The S&P 500 is an unmanaged market capitalization-weighted index of 500 common stocks chosen for market size, liquidity, and industry group representation to represent U.S. equity performance.
Performance results were prepared by Enhanced Investments, and have not been compiled, reviewed or audited by an independent accountant. Performance estimates are subject to future adjustment and revision. Investors should be aware that a loss of investment is possible. Account holdings are for illustrative purposes only and are not investment recommendations. Additional information, including (i) the calculation methodology; and (ii) a list showing the contribution of each holding to the portfolio’s performance during the time period will be provided upon request.
All statements made via social media sites sponsored or maintained by Enhanced Investments and its affiliates are for informational purposes only and do not constitute a comprehensive description of Enhanced Investments' investment advisory services.
Certain investments are not suitable for all investors. Before investing, consider your investment objectives and applicable fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Information provided by Enhanced Investments is for informational and general educational purposes only and is not investment or financial advice.