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  •   REX TRUE6%    

    Rex Trueform Group Ltd.

         JSE:RTOP

 / 

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  • Income Statement
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  • OTHER INFORMATION

Nature of business
The company is a holding company listed on the JSE Ltd. under the Sector: Consumer Services –Retail – General Retailers – Apparel Retailers. The company and its subsidiaries are collectively referred to as “the group”. The group subsidiaries, Queenspark (Pty) Ltd. and Queenspark (Pty) Ltd. (registered in Namibia), continued their retail activities with regard to the sale of ladies’ and men’s clothing, shoes, costume jewellery, related fashion accessories and cosmetics through branded Queenspark outlets located in South Africa and Namibia as well as through a Queenspark- branded franchised outlet in Kenya. A decision has been made not to continue with the Kenyan franchise beyond the expiration of the franchise agreement, which has expired in the current financial year. The retail segment traditionally utilised third-party e-commerce retailers to sell its products but has launched its own e-commerce platform in June 2020, which is integral to the recovery of the business post the effects of the Covid-19 pandemic. The group’s property portfolio consists of developed and undeveloped properties, held directly and indirectly through a subsidiary, Queenspark Distribution Centre (Pty) Ltd. Rex Trueform Office Park situated in Salt River is the main operating property within the segment followed by the property in Wynberg, which is utilised by the retail segment as a distribution centre. Two properties are undeveloped, a vacant factory and vacant land situated in Salt River. The vacant factory has heritage significance, which limits any potential development. The board is actively looking for development opportunities which will yield a satisfactory return in relation to any capital outlay.

Company email
legal@queenspark.com

Company website
https://rextrueform.com

Transfer secretary
Computershare Investor Services (Pty) Ltd.

Company secretary
AR Mohamed-Mushabe

Postal address
PO Box 1856, Cape Town, 8000

Registered address
Rex Buildings, 263 Victoria Road, Salt River, Cape Town, 7925

Company tel
021 460-9400

Company fax

Major shareholders
African & Overseas Enterprises Ltd, Ceejay Trust, Geomer Investments (Pty) Ltd.

No directors dealings reported.
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