FAIRVEST PROPERTY HOLDINGS LIMITED - Private Placement by Fairvest
FVT 201611070029A
Private Placement by Fairvest
FAIRVEST PROPERTY HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1998/005011/06)
JSE share code: FVT ISIN: ZAE000203808
(Approved as a REIT by the JSE)
(“Fairvest”)
PRIVATE PLACEMENT BY FAIRVEST
Fairvest is pleased to announce that on Thursday, 3 November 2016 it successfully completed a private
placement to raise R190 million. Strong demand was received and the targeted R190 million was raised
through the placing of 111 764 705 new shares at a price of R1.70 per share.
The proceeds of the placement will be used to fund and/or to repay debt facilities used to fund acquisitions.
The shares will be placed through a combination of a vendor consideration placement and a general authority
to issue shares for cash.
Subject to approval by the JSE, the shares are expected to be issued and listed on Friday, 11 November 2016.
Java Capital acted as sole bookrunner.
7 November 2015
Cape Town
Bookrunner
Java Capital
Sponsor
PSG Capital Proprietary Limited
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