Rebosis makes history for wrong reasons
It has become the first JSE-listed entity to score an 80% vote against its pay implementation report
Rebosis Property Fund has made history for the second time in just a few months. And, sadly, it is again for the wrong reason. In November, it became the first SA real-estate investment trust (REIT) not to pay out a dividend since 2013. That was the year when the REIT capital structure legislation came into effect.
And last week it became the first JSE-listed entity to score an 80% vote against its remuneration implementation report.