FAIRVEST PROPERTY HOLDINGS LIMITED - Yeoville acquisition not proceeding
FVT 201510160058A
Yeoville acquisition not proceeding
Fairvest Property Holdings Limited
Incorporated in the Republic of South Africa
(Registration number: 1998/005011/06)
Share code: FVT
ISIN: ZAE000203808
(“Fairvest” or “the Company”)
(Approved as a REIT by the JSE)
YEOVILLE ACQUISITION NOT PROCEEDING
Shareholders are referred to the Company’s SENS announcement dated
30 July 2015 (“Acquisition Announcement”) regarding the conclusion
of an agreement (“Acquisition Agreement”) to acquire certain
properties in Yeoville, Gauteng (“Properties”).
As indicated in the Acquisition Announcement, the acquisition of
the Properties was subject to the fulfillment of certain conditions
precedent.
Shareholders are advised that Fairvest was not satisfied with the
results of its due diligence investigation. The condition precedent
detailed in paragraph 6.1 of the Acquisition Announcement has
therefore not been fulfilled, meaning that the Acquisition
Agreement has lapsed.
Accordingly, Fairvest will not be proceeding with the acquisition
of the Properties.
16 October 2015
Cape Town
Sponsor
PSG Capital Proprietary Limited
Date: 16/10/2015 04:40:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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