| Mon 12 Apr 2021, 14:00 | | FAIRVEST PROPERTY HOLDINGS LIMITED - Results Of Dividend Reinvestment Alternative |
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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 March 2021 and 25 March 2021 relating to the
declaration of an interim gross dividend, out of income reserves, of 10.59000 cents per
Fairvest share for the six-month period ended 31 December 2020 (“Cash Dividend”) and the
finalisation of the dividend reinvestment alternative (“Reinvestment Alternative”).
Shareholders holding 161 078 871 Fairvest shares, representing 15.8% of Fairvest shares in
issue and qualifying to receive the dividend, elected the Reinvestment Alternative, resulting in
the issue of 9 207 234 new ordinary Fairvest shares of no par value and the retention of
R17.0 million of equity by Fairvest (based on the issue price of R1.85082 per new share).
Accordingly, an aggregate Cash Dividend of R90.8 million is payable in respect of the
remaining 857 046 570 Fairvest shares in issue.
Electronic payment of the Cash Dividend to certificated shareholders will occur today,
12 April 2021. New share certificates in respect of certificated shareholders who elected to
participate in the Reinvestment Alternative will be posted to such shareholders on Wednesday,
14 April 2021, at their own risk, while electronic payment of residual cash amounts for
fractional entitlements will occur to such certificated shareholders on the same date.
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,
12 April 2021, 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, 14 April 2021, in line with the
settlement dates stated in Fairvest’s SENS announcement dated 4 March 2021.
Cape Town
12 April 2021
Corporate Advisor and Sponsor
PSG Capital
Date: 12-04-2021 02:00:00
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