FVT 201605090036A
Operational Update – Debt Structure
Fairvest Property Holdings Limited
Incorporated in the Republic of South Africa
(Registration number: 1998/005011/06)
Share code: FVT
ISIN: ZAE000203808
(Approved as a REIT by the JSE)
(“Fairvest”)
OPERATIONAL UPDATE – DEBT STRUCTURE
During April 2016 Fairvest entered into new interest rates swaps
to the value of R167.5 million. As a result of these transactions
Fairvest’s fixed debt component as at 30 April 2016 increased from
35.4% to 68.4%, with a weighted average maturity of 29 months. The
weighted average cost of funding is 9.47%.
Fairvest confirms that the growth in distribution per share for
the year ended 30 June 2016 will remain in line with guidance
previously issued of between 9.25% and 10.25%, on the basis set
out in Fairvest’s condensed consolidated results for the six
months ended 31 December 2015, as announced on SENS on 3 March
2016.
9 May 2016
Cape Town
Sponsor
PSG Capital Proprietary Limited
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