16 Jul - 2 min read

Voluntary update on the impact of unrest on Delta's eThekwini assets

Voluntary update on the impact of unrest on Delta's eThekwini assets

Delta Property Fund Limited
(Incorporated in the Republic of South Africa)
(Registration number 2002/005129/06)
Share code: DLT ISIN: ZAE000194049
(“Delta” or “the Company”)
REIT status approved


VOLUNTARY UPDATE ON THE IMPACT OF UNREST ON DELTA’S ETHEKWINI ASSETS

Shareholders are advised that the current incidents of civil unrest, widespread
looting, and vandalism, particularly in the eThekwini CBD, has impacted five of
Delta’s assets, being Delta Towers, Liberty Towers, 88 Field Street, Pine
Parkade and Treasury House (Pietermaritzburg).

Damage primarily relates to broken shopfronts on the ground floor level of these
assets with the corporate offices not impacted. Delta is engaging with its
tenants and insurance providers to quantify the extent of the damage.

All assets remain closed to ensure tenant and staff safety, with additional
private security personnel deployed.

The Company is engaging with insurance providers to ensure our retail tenants
can reopen as soon as possible.     Management is engaging with the relevant
authorities and its tenants on the safe reopening of its assets.

No damage has been reported to any of Delta’s other assets in other regions.

The Company will continue to update the market as appropriate.



Johannesburg
16 July 2021

Sponsor
Nedbank Corporate and Investment Banking, a division of Nedbank Limited


Investor Relations
Morne Reinders +27 (0)82 480 4541

Date: 16-07-2021 12:00:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.
Information on this Website is provided for general information purposes only and is not a substitute for professional advice. ASX Information (including company announcements and prices) is delayed by at least 20 minutes. JSE Information (including company announcements and prices) is delayed by at least 15 minutes. Reliance on the information you access on or from this Website is solely at your own risk. We make no representation or warranty in relation to the future performance of the companies that appear on this Website. Investment in securities involves risk and you should obtain independent professional legal, financial, investment or company advice before acting on any of the information you access on this Website. Using, browsing or otherwise accessing this Website is subject to our Terms and Conditions and our Privacy Policy.

© 2021 Listcorp. ABN 60 166 140 307

Never miss news from Delta Property Fund Limited (JSE:DLT) when you join Listcorp.