Resilient to speak to shareholders about volatile share price
Property company Resilient says it will meet shareholders to allay concerns about its share price, which has been under pressure in recent weeks."[This will] provide them with an opportunity to field any concerns that may explain the current weakness in the share price," the group said on JSE share network service SENS."Some institutional shareholders have suggested that the Siyakha Education Trusts, broad-based educational empowerment initiatives established some years ago by Resilient, become more public regarding their operations and affairs. The board has requested the trustees to respond openly to this interest," Resilient said.The company also noted criticism about cross-holdings between Resilient and listed logistics and retail group Fortress, in that Resilient owns 15.92% of the B shares issued by Fortress, and Fortress owns 9.32% of Resilient."Fortress was established by Resilient several years ago as a strategic initiative and remains an attractive investment. Like all str...
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