The company will withhold paying dividend earnings of R1.7bn for the 2022 financial year
At an AGM on Thursday, the majority of Fortress Reit B-shareholders voted against the company’s proposed share scheme, while the requisite majority of A-shareholders voted in favour thereof.
With the failure to meet a resolution — in that the requisite majority of A- and B-shareholders vote in favour of the scheme, Fortress will not pay distribution for the financial year ended June 30 2022...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and TimesLive Premium.
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