Investec Property Fund Limited Announces Management Changes
Jan 28 15
The shareholders of Investec Property Fund Limited are advised that Samuel R Leon, having served on the board of the Investec Property Fund since its successful listing on 14 April 2011, as CEO will relinquish his role as CEO with effect from 31 March 2015, and assume the role of Non-Executive Deputy Chairman. Sam will continue to be a member of the Funds Investment Committee, however will resign from the Funds Social and Ethics Committee. In advance of Sam's change in responsibilities, the board announced the appointment of Mr. Nick Riley as CEO to the Fund, with effect from 1 April 2015. Nick will also be appointed to the Social and Ethics Committee. Nick joined the Fund on 1 April 2014, as part of the Funds executive management team. Prior to joining the Fund, Nick spent 9 years in Investec Corporate Finance.
Investec Property Fund Limited, Special/Extraordinary Shareholders Meeting, Jan 21, 2015
Dec 15 14
Investec Property Fund Limited, Special/Extraordinary Shareholders Meeting, Jan 21, 2015., at 10:00 South Africa Standard Time. Location: 4th floor boardroom at Investec Bank Limited. Agenda: To consider and, if deemed fit, pass, with or without modification, the resolutions necessary to implement the Investec acquisition; and to approve the specific authority to issue new Investec Property Fund shares in respect of a dividend reinvestment plan.
Investec Property Fund Limited Reports Reviewed Consolidated Earnings Results for the Six Months Ended September 30, 2014; Declares Interim Dividend for the Six Months Ended September 30, 2014
Nov 20 14
Investec Property Fund Limited reported reviewed consolidated earnings results for the six months ended September 30, 2014. For the six months, the company reported revenue of ZAR 381,821,000 compared to ZAR 262,602,000 for the same period a year ago. Operating profit was ZAR 300,088,000 compared to ZAR 194,475,000 for the same period a year ago. Profit before taxation was ZAR 236,805,000 compared to ZAR 36,626,000 for the same period a year ago. Total comprehensive income attributable to equity holders was ZAR 236,336,000 or ZAR 64.12 per share compared to ZAR 36,665,000 or ZAR 11.56 per share for the same period a year ago. Headline earnings per share were ZAR 64.20 compared to ZAR 58.72 for the same period a year ago. Net cash inflow from operating activities was ZAR 40,760,000 compared to ZAR 19,231,000 for the same period a year ago.
The company declared an interim dividend of 54.65 cents per ordinary share for the six month period ended September 30, 2014, payable on December 15, 2014 to holders of ordinary shares recorded in the books of the company at close of business on December 12, 2014. There is 8.3% increase in the interim dividend to 54.65 cents per share against 50.46 cents per share last year.