Emira s performance boosted by sector and geographic diversity iol.co.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from iol.co.za Daily Mail and Mail on Sunday newspapers.
As part of the dual listed company structure, the boards of Investec plc and Investec Limited (together the Board ) notify both the London Stock Exchange and the JSE Limited of matters which are required to be disclosed under the Disclosure, Transparency and Listing Rules of the United Kingdom Listing Authority (the UKLA ) and/or the JSE Listing Requirements. As announced on 19 March 2021: further to Charles Jacobs s upcoming appointment as co-head of U.K. investment banking at JP Morgan and Lord Malloch-Brown s appointment as President of the Open Society Foundations, both have indicated their intention not to stand for re-election at the AGM and accordingly Charles Jacobs will step down from the Boards with effect from 30 June 2021 and Lord Malloch-Brown will step down with effect from 05 August 2021
Former Emira CEO James Templeton is one of the directors behind I Group Consolidated Holdings, which now owns over 35% of the fund. Image: Moneyweb
The share price of Emira Property Fund shot up over 7% on Wednesday, closing at R10.34, its highest level in over a year following news of a buy-out offer being led by Maitlantic 10, a subsidiary of the fundâs major shareholder I Group Consolidated Holdings.
Share price up
Emira and Maitlantic announced the firm offer on Friday in a JSE Sens statement, but the market seems to have taken a few days to digest the news due to the Freedom Day public holiday on Tuesday.
Some companies have started converting office blocks in Sandton into apartments. Will more follow suit as office vacancies are projected to reach a record high of 20%?
Canal Walk owner forgoes millions in rent from expired leases to keep tenants news24.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from news24.com Daily Mail and Mail on Sunday newspapers.