Fortress REIT Ltd (JSE: FFA and FFB) welcomes the announcement yesterday by the Financial Sector Conduct Authority (FSCA) that there is no evidence of prohibited trading practices by related parties in relation to Fortress share trades.

The Subcommittee of the Board of directors of Fortress REIT Ltd (JSE: FFA and FFB), which was set up on September 6 last year to review allegations made against the company and certain past and current directors, is making solid progress in delivering on its mandated scope of work.

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