FAIRVEST PROPERTY HOLDINGS LIMITED - Results of dividend reinvestment alternative
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”)
RESULTS OF DIVIDEND REINVESTMENT ALTERNATIVE
Shareholders are referred to the announcements released by Fairvest on the JSE’s Stock Exchange News Service
(“SENS”) on 4 September 2018 and 21 September 2018 relating to the declaration of a final gross dividend
distribution, out of income reserves, of 10.344 cents per Fairvest share for the six-month period ended 30 June
2018 (“Cash Dividend”) and the finalisation of the dividend reinvestment alternative (“Reinvestment
Alternative”).
Shareholders holding 314 010 939 Fairvest shares, representing 31.7% of Fairvest shares in issue and qualifying to
receive the dividend, elected the Reinvestment Alternative, resulting in the issue of 14 919 845 new ordinary
Fairvest shares of no par value and the retention of R31.9 million of equity by Fairvest (based on the issue price
of R2.13686 per new share). Accordingly, an aggregate Cash Dividend of R70.03 million is payable in respect of
the remaining 677 009 614 Fairvest shares in issue.
Electronic payment of the Cash Dividend to certificated shareholders will occur today, 8 October 2018, while new
share certificates in respect of certificated shareholders who elected to participate in the Reinvestment
Alternative will be posted to such shareholders on Wednesday, 10 October 2018, at their own risk.
The Central Securities Depository Participants (“CSDP”) or broker accounts in respect of dematerialised
shareholders who elected to receive the Cash Dividend will be credited today, 8 October 2018, and the CSDP or
broker accounts in respect of dematerialised shareholders who elected the Reinvestment Alternative will be
credited with their new shares and residual cash payments for fractional entitlements on Wednesday, 10 October
2018, in line with the settlement dates stated in Fairvest’s SENS announcement dated 4 September 2018.
8 October 2018
Cape Town
Sponsor and corporate advisor
PSG Capital
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