FVT
FVT
FVT - Fairvest Property Holdings Limited - Trading update
FAIRVEST PROPERTY HOLDINGS LIMITED
Incorporated in the Republic of South Africa
(Registration number 1998/005011/06)
Share code: FVT ISIN: ZAE000034658
("Fairvest" or "the company")
TRADING UPDATE
In terms of the Listings Requirements of JSE Limited, companies are required to
publish a trading statement as soon as they become reasonably certain that the
financial results for the period to be reported on will differ by more than 20%
from that of the previous corresponding period. Accordingly, a review of the
financial results for the six months ended 30 September 2009 by management has
indicated that headline earnings per linked unit are expected to be between 4.65
and 4.75 cents higher than those in the previous corresponding period.
Due to the nature of Fairvest`s business, management have decided that it is
relevant to announce trading updates using net asset value per linked unit and
hence the company has adopted this measure for financial periods commencing on 1
October 2009. Accordingly, a review of the financial position of the company as
at 30 September 2009 by management has indicated that Fairvest will report a net
asset value per linked unit of between 140.58 and 161.88 cents per linked unit
for the period.
The financial information on which this trading statement is based has not been
reviewed or reported on by Fairvest`s auditors.
Fairvest`s interim financial results are expected to be released on SENS on or
about Thursday, 12 November 2009.
Durban
12 November 2009
Sponsor
Merchantec (Proprietary) Limited
Date: 12/11/2009 07:14:28 Produced by the JSE SENS Department.
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