As we near the end of the 2023 calendar year, we’re pleased to share a comprehensive overview of our recent progress.
To improve operational efficiency, our teams have dedicated efforts to streamline various aspects of the leasing process. This includes refining marketing strategies, negotiating leases, managing renewals, handling administration, and enhancing tenant relationships.
A Special General Meeting (SGM) has been scheduled for December 3rd, 2023. While this report aims to be concise, the SGM will offer detailed insights.
Regarding our financial performance, finalizing our annual financial statements for the February 2021 financial year-end has presented challenges, leading to an extension in our reporting timeline. Shareholders will receive regular updates on this matter.
Further insights will be shared at the SGM, delving into our progress and strategic direction. The Board approved a 2.2% distribution on the initial shareholder loan value, equivalent to R5.50 per share for the period ending November 30, 2023, based on the Company’s free cash flow.
The management and Board of Directors extend sincere gratitude for the trust and confidence you’ve shown. We eagerly anticipate continued success in the upcoming year.