Oak Tech Properties Proprietary Limited, Kloof Capital South Africa Proprietary Limited, Oak Tech Trading Proprietary Limited, KCSA Investments Proprietary Limited, Geomer Investments Proprietary Limited, Rex Trueform Group Limited, Wheatfield Estate Foundation Trust, Endowment Arm and Bronwyn Elaine Keene-Young (Offeror) entered into an unconditional agreement to acquire additional 8.1% stake in Texton Property Fund Limited (JSE:TEX) from Coronation Asset Management Proprietary Ltd. for ZAR 33.8 million on October 30, 2020. In related transaction, Oak Tech made an offer to acquired all the shares of Texton on October 30, 2020. The offeror currently holds 111.8 million shares and will acquire additional 28.2 million shares at a price of ZAR 1.2 per share, after which it will hold 140 million shares representing 40.1% stake in Texton. Investec Bank Limited (JSE:INLP) acted as financial advisor for Oak Tech Properties (Pty) Ltd and Texton Property Fund Limited. Bernadt Vukic Potash & Getz and Cliffe Dekker Hofmeyr acted as legal advisors for Oak Tech Properties (Pty) Ltd and Texton Property Fund Limited respectively. Computershare Investor Services (Proprietary) Limited acted as a transfer agent to Texton.

Oak Tech Properties Proprietary Limited, Kloof Capital South Africa Proprietary Limited, Oak Tech Trading Proprietary Limited, KCSA Investments Proprietary Limited, Geomer Investments Proprietary Limited, Rex Trueform Group Limited, Wheatfield Estate Foundation Trust, Endowment Arm and Bronwyn Elaine Keene-Young completed the acquisition of additional 8.1% stake in Texton Property Fund Limited (JSE:TEX) from Coronation Asset Management Proprietary Ltd. on November 27, 2020.