|
Results of accelerated book build
FAIRVEST LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2007/032604/06)
JSE share code: FTA ISIN: ZAE000304788
JSE share code: FTB ISIN: ZAE000304796
LEI: 378900E93AFC4D1CAD45
(Granted REIT status with the JSE)
("Fairvest" or the "Company")
RESULTS OF ACCELERATED BOOK BUILD
Pursuant to the capital raise announced earlier, shareholders are advised that the book build is now closed. In
light of strong demand, Fairvest increased the capital raise to R900 million and will issue 130 434 783 new B
shares at a price of 690 cents per share, a 5.5% premium to the 30-day volume weighted average price per
Fairvest B share of 654 cents per share. The book was oversubscribed at this level.
The capital raised will be utilised by the Company to partially settle the purchase consideration for the Muller
Group acquisition, ongoing investment in Onepath Investments (RF) Proprietary Limited and debt reduction
in anticipation of pending asset transfers.
Subject to approval by the JSE, listing and trading of the new Fairvest B shares is expected to commence at
09:00 on Wednesday, 6 May 2026.
24 April 2026
Bookrunner and sponsor
Java Capital
Date: 24-04-2026 01:07:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS. |
|