Tigere Real Estate Investment Trust has issued a further cautionary statement to update shareholders on ongoing negotiations with Terrace Africa Asset Management (Pvt) Ltd.
In the statement, which builds on the company’s earlier announcement of 27 September 2023, Tigere REIT confirmed that discussions regarding a potential transaction are still in progress.
“Negotiations with Terrace Africa Asset Management (Pvt) Ltd regarding a potential transaction are still ongoing,” read part of the statement.
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“Shareholders are advised to continue to exercise caution when dealing in Tigere REIT shares until a full announcement is made.”
The REIT clarified that while talks are advancing, the details of the proposed transaction have not yet been finalized or approved for public disclosure.
Signed by the company secretary on behalf of the board and dated 11 October 2023, the statement further assured investors that an official update will be provided once all regulatory approvals and formalities have been completed.
“The Board will provide a detailed update once all necessary regulatory approvals and formalities are completed,” it added.
Tigere REIT concluded by reiterating its caution to shareholders, emphasizing that they should remain vigilant when trading in its shares until the company releases a comprehensive announcement.
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