13 Sep - 2 min read

Trading Statement

Trading Statement

TEXTON PROPERTY FUND LIMITED
Granted REIT status by the JSE
Incorporated in the Republic of South Africa
(Registration number 2005/019302/06)
Share code: TEX ISIN: ZAE000190542
(“Texton” or “the Company”)



TRADING STATEMENT


In terms of paragraph 3.4(b)(vii) of the JSE Listings Requirements, Texton has adopted distribution per
share as their financial results measurement for trading statement purposes. Texton is required to
publish a trading statement as soon as it is satisfied that a reasonable degree of certainty exists that
the financial results to be reported upon next will differ by at least 15% from the financial results of the
previous corresponding reporting period.

Texton anticipates that its distributable income for the year ending 30 June 2021 is expected to increase
from R116.813 million to between R160.0 million and R170.0 million. This represents an increase of
36.9% and 45.5% in Texton distributable income.

Texton’s board will apply a pay-out ratio of between 75% and 80% to this distributable income to
determine the dividend for its shareholders. As such the dividend payable to shareholder is expected
to be between R120.0 million (35.12 cents per share) and R136.0 million (39.80 cents per share)
depending on the final pay-out ratio adopted and total distributable income. Texton did not declare a
dividend for its prior year end.

Texton expects to release its results will be published for the year ended 30 June 2021 on or about 14
September 2021.

13 September 2021

Sponsor
Investec Bank Limited

Date: 13-09-2021 08:21:00
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