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Fortress announces capitalisation share option to fund further property developments
Cape Times
|March 16, 2026
FORTRESS Real Estate Investments has decided to offer shareholders the option of taking a capitalisation share of 87,90 cents per "B" share, or a cash dividend, with the capital retained to be used to fund the company's property development pipeline currently standing at about R2,9 billion.
The company said Friday in an announcement the "A" capitalisation share will be priced at a 3% discount to the volume weighted average price of a Fortress "B" share on the JSE for up to 30 days prior to the finalisation date of the capitalisation issue.
The aim is to afford eligible Fortress B shareholders the opportunity to increase their investment in Fortress, while providing the flexibility for those B shareholders wishing to rather take a cash dividend.
Bu hikaye Cape Times dergisinin March 16, 2026 baskısından alınmıştır.
Binlerce özenle seçilmiş premium hikayeye ve 9.000'den fazla dergi ve gazeteye erişmek için Magzter GOLD'a abone olun.
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