14 Jul - 2 min read

Update regarding civil unrest

Update regarding civil unrest

RESILIENT REIT LIMITED
Incorporated in the Republic of South Africa
Registration number: 2002/016851/06
JSE share code: RES
ISIN: ZAE000209557
Bond company code: BIRPIF
LEI: 378900F37FF47D486C58
(Approved as a REIT by the JSE)
(“Resilient” or “the Company”)


UPDATE REGARDING CIVIL UNREST


Resilient’s strategy, where possible, is to secure its centres with a double security barrier which includes perimeter
security. Of Resilient’s 28 retail centres, two have sustained damage as a result of recent rioting and looting.

On Monday, 12 July 2021, a Pickitup truck was hi-jacked and used to break through the perimeter gates of Jabulani
Mall (55% owned). An organised “mob” broke into the mall and the shops were extensively looted. The front door
and shopfronts have been damaged. The mall has been secured and project managers and quantity surveyors are on-
site to evaluate the damage and plan for the reinstatement of the mall.

At Mams Mall (50% owned) the perimeter was breached and a number of shops were partially looted before the looters
were evicted by the SA Police (POPs) and the mall’s private security company. There is limited damage to the mall.
Over the past two days, more than 140 individuals were apprehended.

Six centres, including those damaged, remain closed. The Board is mindful of the importance of grocery stores situated
in the centres providing food for their communities. The four undamaged centres will be opened as soon as possible.

Over the years Resilient has strived to maintain good relationships with local communities and these communities
have played an invaluable role in protecting Resilient’s retail centres during this difficult time.

Stakeholders will be kept informed of any further developments.

14 July 2021


Sponsor
Java Capital

Date: 14-07-2021 12:41:00
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 Resilient REIT Limited (JSE:RES) when you join Listcorp.