Edition:
India

Fortress Reit Ltd (FFAJ.J)

FFAJ.J on Johannesburg Stock Exchange

1,750.00ZAc
8:02pm IST
Change (% chg)

-5.00 (-0.28%)
Prev Close
1,755.00
Open
1,726.00
Day's High
1,761.00
Day's Low
1,726.00
Volume
6,307,150
Avg. Vol
2,938,554
52-wk High
1,975.00
52-wk Low
1,427.00

Latest Key Developments (Source: Significant Developments)

Fortress REIT Names Steven Brown Chief Executive Officer
Monday, 3 Dec 2018 

Dec 3 (Reuters) - Fortress Reit Ltd ::STEVEN BROWN, INTERIM FINANCIAL DIRECTOR, HAS BEEN DESIGNATED AS NEXT CHIEF EXECUTIVE OFFICER.MARK STEVENS HAS INDICATED TO BOARD HIS INTENTION TO RETIRE WITHIN NEXT 12 MONTHS.IAN VORSTER APPOINTED AS CHIEF FINANCIAL OFFICER AND FINANCIAL DIRECTOR OF FORTRESS WITH EFFECT FROM 3 DECEMBER 2018.FAREED WANIA WILL CONTINUE TO MANAGE FORTRESS' OFFICE PORTFOLIO, BUT HAS RESIGNED AS AN EXECUTIVE DIRECTOR OF FORTRESS.  Full Article

Fortress REIT Says Subcommittee Engaged PWC On Probe On Some Investors' Concerns
Thursday, 15 Nov 2018 

Nov 15 (Reuters) - Fortress Reit Ltd ::JSE: FFB - FFA - UPDATE ON REQUEST FOR INDEPENDENT INVESTIGATION FROM INSTITUTIONAL INVESTORS.SUBCOMMITTEE REVIEWING DOCUMENTS, INFO TO INVESTIGATE ALLEGATIONS RELATING TO COMMON CONCERN RAISED BY SOME INSTITUTIONAL INVESTORS.SUBCOMMITTEE HAS ENGAGED PRICEWATERHOUSECOOPERS IN ACCORDANCE WITH THIS DEFINED SCOPE OF INVESTIGATION.SUBCOMMITTEE ANTICIPATES THAT IT WILL BE ABLE TO PROVIDE AN INTERIM UPDATE ON INVESTIGATION AT FORTRESS PRE-CLOSE ON DEC 4.  Full Article

Fortress REIT Posts FY Headline Loss Per A Share Of 383.75 Cents
Tuesday, 21 Aug 2018 

Aug 21 (Reuters) - Fortress Reit Ltd ::INCREASE IN DIVIDEND FOR SIX MONTHS TO 30 JUNE 2018 ATTRIBUTABLE TO A SHARE WAS 4,29% COMPARED TO SIX MONTHS TO 30 JUNE 2017.HY DIVIDEND FOR A SHARE INCREASED FROM 67,67 CENTS TO 70,57 CENTS PER SHARE.FY TOTAL REVENUE OF 3.63 BILLION RAND VERSUS 3.89 BILLION RAND YEAR AGO.FY HEADLINE LOSS PER A SHARE 383,75 CENTS.FY HEADLINE LOSS PER B SHARE 383,75 CENTS.  Full Article

Fortress REIT Says Rual Bornman Resigned As Financial Director
Monday, 2 Jul 2018 

July 2 (Reuters) - Fortress Reit Ltd ::CHANGES TO BOARD OF DIRECTORS.RUAL BORNMAN HAS RESIGNED AS FINANCIAL DIRECTOR WITH EFFECT FROM 2 JULY 2018 FOR REASONS OF ILL-HEALTH.RUAL WILL CONTINUE TO MAKE HIS KNOWLEDGE AND EXPERIENCE AVAILABLE TO FORTRESS AND ASSIST WITH AN ORDERLY HANDOVER TO HIS REPLACEMENT.STEVEN BROWN BEEN APPOINTED AS FINANCIAL DIRECTOR WITH EFFECT FROM 2 JULY 2018, ON AN INTERIM BASIS.  Full Article