FAIRVEST PROPERTY HOLDINGS LIMITED - Closing and results of vendor consideration placement
FVT 201211130039A
Closing and results of vendor consideration placement
Fairvest Property Holdings Limited
(Incorporated in the Republic of South Africa)
Registration Number: 1998/005011/06
Linked unit code: FVT
ISIN Code: ZAE000034658
(“Fairvest” or “the Company”)
CLOSING AND RESULTS OF VENDOR CONSIDERATION PLACEMENT
Fairvest has closed the vendor consideration placement (“the Vendor
Consideration Placement”) which was detailed in the circular to linked
unitholders dated 5 October 2012 and the SENS announcement of the same
date and referred to in the SENS announcement on 5 November 2012.
The Vendor Consideration Placement was limited to R250 million and was
oversubscribed.
Fairvest will issue 203 252 033 new ordinary linked units at a price of
R1.23 per ordinary linked unit, raising in aggregate R250 million in terms
of the Vendor Consideration Placement.
Successful participants in the Vendor Consideration Placement will be
advised of their allocation of new ordinary linked units in due course.
The new ordinary linked units to be issued under the Vendor Consideration
Placement are expected to be issued and listed on the JSE on Monday, 3
December 2012, ex entitlement to the special interest distribution for the
5 month period from 1 July 2012 to 30 November 2012, which was announced
on SENS on 9 November 2012.
13 November 2012
Cape Town
PSG Capital (Proprietary) Limited: Sponsor and corporate adviser
Java Capital (Proprietary) Limited: Transaction adviser and bookrunner
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