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04-Sep-2018
(Official Notice)
In accordance with paragraph 3.59 of the JSE Listings Requirements, shareholders are advised of the following changes to the Company?s audit and risk committee:

*Mr N Mkhize has been appointed as the new chairman of the audit and risk committee, with effect from 3 September 2018, replacing Mrs KR Moloko who resigned from the board effective from 3 September 2018; and

*Mr TJ Cohen has been appointed as a new member of the audit and risk committee with effect from 3 September 2018.
04-Sep-2018
(C)
Revenue for the year increased to R404.3 million (2017: R331.1 million), operating profit rose to R239.7 million (2017: R190.1 million), profit and total comprehensive income for the period attributable to owners of the parent decreased to R273.3 million (2017: R299.2 million), while headline earnings per share grew to 20.85 cents per share (2017: 19.23 cents per share).



Dividend

The board has approved and declared a final gross distribution of 10.344 cents per share for the six-month period ended 30 June 2018, payable to shareholders registered as such at the close of business on Friday, 5 October 2018.



Shareholders will be entitled, in respect of all or part of their shareholdings, to elect to reinvest the cash dividend of 10.344 cents per share, in return for new Fairvest ordinary shares ("Reinvestment Alternative"), failing which they will receive the cash dividend.



Further details regarding the dividend and Reinvestment Alternative, including the tax treatment and a detailed timetable, will be included in a separate SENS announcement, to be released on 4 September 2018.



Company prospects

The company will continue to provide shareholders with exposure to attractive retail assets servicing an underserviced, non-metropolitan and lower LSM market. Against the backdrop of a lacklustre economic outlook for South Africa, we expect to see weaker trading performance from our tenants. In spite of macroeconomic headwinds, the portfolio with its low-risk tenant base remains well positioned to continue to achieve strong sustainable property growth. We will remain conservatively geared and continue our endeavours to improve the fixed portion of debt to minimise the impact of interest rate increases. Management expects distribution growth of between 8% and 10% for the 2019 financial year.



This view assumes no material deterioration in the macroeconomic environment relative to current levels, that no major corporate failures will occur and that tenants will be able to absorb increases in municipal and utility costs. Forecast rental income is based on contractual lease terms and anticipated market-related renewals.
04-Sep-2018
(Official Notice)
15-Aug-2018
(Official Notice)
Further to the Company?s announcement of 6 June 2018, the board announces, in compliance with paragraph 3.59(a) of the Listings Requirements of the JSE Ltd., the appointment of FluidRock Co Sec (Pty) Ltd. as Fairvest?s new Company Secretary with effect from Wednesday, 15 August 2018.
31-Jul-2018
(Official Notice)
The board of directors of the Company advised that Keneilwe Moloko will resign as an independent non-executive director of the Company with effect from 3 September 2018, in order to pursue other commitments.



The Board has commenced a process of identifying a suitable replacement and shareholders will be advised as soon as such appointment has been made.
06-Jun-2018
(Official Notice)
Shareholders are hereby advised that SecCorp Secretarial Services (Pty) Ltd. (?SecCorp?) has resigned as Fairvest?s company secretary with immediate effect.



The board of Fairvest will commence a process of identifying a suitable replacement candidate and shareholders will be advised as soon as such appointment has been made.
12-Apr-2018
(Official Notice)
Shareholders are advised that Fairvest has closed its book build announced earlier on Thursday, 12 April 2018.



In light of strong demand, approximately R250 million of equity capital was raised at a price of R2.20 per share (the ?new Fairvest shares?).



Subject to approval by the JSE, listing and trading of the new Fairvest shares is expected to commence at 09:00 on Wednesday, 25 April 2018.

12-Apr-2018
(Official Notice)
Subject to pricing acceptable to Fairvest, Fairvest proposes an equity raise of approximately R200 million (the ?equity raise?) through the issue of new Fairvest shares (?new shares?).



The equity raise will be implemented through an accelerated book build process (the ?book build?). The book build is now open and the company reserves the right to increase the size of the equity raise subject to demand and to close it at any time.



Settlement of the new shares will occur on Wednesday, 25 April 2018. The new shares, when issued, will be credited as fully paid and will rank pari passu in all respects with the existing shares in issue.



Pricing and allocations will be announced as soon as practicable following the closing of the book build.



Java Capital is acting as sole bookrunner.
09-Apr-2018
(Official Notice)
Shareholders are referred to the announcements released by Fairvest on the JSE?s Stock Exchange News Service (?SENS?) on 1 March 2018 and 22 March 2018 relating to the declaration of an interim gross distribution, made out of income reserves, of 9.806 cents per Fairvest share for the six-month period ended 31 December 2017 (?Cash Dividend?) and the finalisation of the dividend reinvestment alternative (?Reinvestment Alternative?).



Shareholders holding 346 479 041 Fairvest shares, representing 40.2% of Fairvest shares in issue and qualifying to receive the dividend, elected the Reinvestment Alternative, resulting in the issue of 16 284 045 new ordinary Fairvest shares of no par value and the retention of R33.96 million of equity by Fairvest (based on the issue price of R2.08524 per new share). Accordingly, an aggregate Cash Dividend of R50.46 million is payable in respect of the remaining 514 621 104 Fairvest shares in issue.



Electronic payment of the Cash Dividend to certificated shareholders will occur today, 9 April 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, 11 April 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, 9 April 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, 11 April 2018, in line with the settlement dates stated in Fairvest?s SENS announcement dated 1 March 2018.
22-Mar-2018
(Official Notice)
Shareholders are referred to Fairvest?s summarised consolidated results for the six months ended 31 December 2017, as announced on the JSE?s Stock Exchange News Service (?SENS?) on 1 March 2018, advising that Fairvest?s board of directors has approved and declared an interim gross distribution, made out of income reserves, of 9.806 cents per share for the six-month period ended 31 December 2017, with a reinvestment alternative (?Reinvestment Alternative?). Additional information regarding the dividend and the Reinvestment Alternative, including the tax treatment and timetable, was released by Fairvest in a separate SENS announcement on 1 March 2018 (?Detailed Announcement?).



In terms of the Reinvestment Alternative, shareholders will be entitled, in respect of all or part of their shareholdings, to elect to reinvest the cash dividend of 9.806 cents per share, in return for Fairvest ordinary shares, failing which they will receive the cash dividend. Further details regarding the Reinvestment Alternative can be found in the circular distributed to Fairvest shareholders on Wednesday, 14 March 2018 (?Circular?).



Reinvestment price

Fairvest confirmed that the price applicable to shareholders electing the Reinvestment Alternative and recorded in the register on Friday, 6 April 2018 (?Record Date?), is R2.08524 per new Fairvest share (?Reinvestment Price?).



The Reinvestment Price is equal to a 2.5% discount to the volume weighted average price (?VWAP?) of R2.23677 at which Fairvest shares traded on the JSE over the five days prior to the finalisation date of 22 March 2018, less the dividend for the six months ended 31 December 2017 of 9.806 cents per share.
01-Mar-2018
(Official Notice)
Shareholders are advised that Mr Darren Wilder has, with effect from 28 February 2018, been replaced as a member of Fairvest?s social and ethics committee by Mr Trevor Cohen, an independent non-executive director of Fairvest.

01-Mar-2018
(Official Notice)
01-Mar-2018
(C)
Gross revenue jumped to R186.9 million (2016: R162.2 million). Operating profit rose to R109 million (2016: R93.2 million), profit and total comprehensive income attributable to owners of the parent came in higher at R143.9 million (2016: R126.6 million), while headline earnings per share increased to 9.55 cents per share (2016: 9.43 cents per share).



Dividend

The board has approved and declared a interim gross distribution, made out of income reserves, of 9.806 cents per share for the six-month period ended 31 December 2017.



Prospects

The company will continue to provide shareholders exposure to retail assets servicing the lower LSM market. As the outlook for South Africa improves, we expect to see improved trading performance from tenants. With a low-risk tenant base and low vacancies, the portfolio remains well positioned to continue to achieve strong property growth. We will remain conservatively geared and endeavour to continue to improve the fixed portion of debt to minimise the impact of interest rate increases. Management remains confident that Fairvest should be able to achieve the communicated distribution growth of between 9% and 10% for the full 2018 financial year.



This view assumes no material deterioration in the macroeconomic environment relative to current levels, that no major corporate failures will occur and that tenants will be able to absorb increases in municipal and utility costs. Forecast rental income is based on contractual lease terms and anticipated market related renewals. This forecast is the responsibility of the board of Fairvest and has not been reviewed or reported on by the auditors.

19-Dec-2017
(Official Notice)
15-Nov-2017
(Official Notice)
Shareholders are hereby advised that at the annual general meeting of the Company held at 10:00 on Wednesday, 15 November 2017 in the board room at 8th Floor, the Terraces, 34 Bree Street, Cape Town (?AGM?), all of the resolutions proposed were passed by the requisite majority of Fairvest shareholders.



Changes to the composition of the Social and Ethics committee

Shareholders are advised that Mr TJ Cohen (an independent non-executive director) has been appointed as a member of the Fairvest?s Social and Ethics Committee (?Committee?) on Wednesday, 15 November 2017 and replaces Mr DM Wilder, who has resigned from the Committee with immediate effect.



08-Nov-2017
(Official Notice)
09-Oct-2017
(Official Notice)
Shareholders are referred to the announcements released by Fairvest on the JSE?s Stock Exchange News Service (?SENS?) on 5 September 2017 and 22 September 2017 relating to the declaration of a final gross distribution of 9.38 cents per Fairvest share for the six-month period ended 30 June 2017 (?Cash Dividend?) and the finalisation of the dividend reinvestment alternative (?Reinvestment Alternative?).



Shareholders holding 249 973 291 Fairvest shares, representing 31.6% of Fairvest shares in issue and qualifying to receive the dividend, elected the Reinvestment Alternative, resulting in the issue of 12 289 474 new ordinary Fairvest shares of no par value and the retention of R23.42 million of equity by Fairvest (based on the issue price of R1.90591 per new share). Accordingly, an aggregate Cash Dividend of R50.64 million is payable in respect of the remaining 539 863 021 Fairvest shares in issue.



Electronic payment of the Cash Dividend to certificated shareholders will occur today, 9 October 2017, 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, 11 October 2017, 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, 9 October 2017, 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, 11 October 2017, in line with the settlement dates stated in Fairvest?s SENS announcement dated 5 September 2017.

29-Sep-2017
(Official Notice)
Notice is hereby given that the annual general meeting of Fairvest shareholders will be held at 10:00 on Wednesday, 15 November 2017 in the boardroom, 8th Floor, The Terraces, 34 Bree Street, Cape Town (?AGM?) to transact the business set out in the notice of the AGM (?Notice of AGM?) that was distributed to shareholders today, 29 September 2017.



The audited summarised condensed consolidated results for the financial year ended 30 June 2017 are annexed to the Notice of AGM and contain no changes to the audited summarised consolidated results for the year ended 30 June 2017 published by the Company on SENS on 5 September 2017.



The full audited annual financial results of the Company are included in the Company?s 2017 integrated annual report, which is available on the Company?s website at www.fairvest.co.za. The date on which shareholders must be recorded as such in the share register to be eligible to vote at the AGM is Friday, 10 November 2017, with the last day to trade being Tuesday, 7 November 2017.

27-Sep-2017
(Official Notice)
In accordance with paragraph 16.20 (g) and Appendix 1 to Section 11 of the JSE Listing Requirements, notice is hereby given that the company?s annual compliance report in terms of section 13G(2) of the Act has been published and is available on the company?s website at www.fairvest.co.za.
22-Sep-2017
(Official Notice)
05-Sep-2017
(C)
Gross revenue for the year soared to R331.1 million (2016: R279.7 million), operating profit jumped to R190.1 million (2016: R159.6 million), profit and total comprehensive income attributable to owners of the parent rose to R299.2 million (2016: R222.1 million), while headline earnings per share grew to 19.23 cents per share (2016: 18.03 cents per share).



Dividend

The board has approved and declared a final gross distribution of 9.38 cents per share for the six-month period ended 30 June 2017, payable to shareholders registered as such at the close of business on Friday, 6 October 2017.



Prospects

The company will continue to provide shareholders exposure to retail assets servicing the lower LSM market and are actively pursuing yield accretive acquisitions. In a low economic growth environment, pressure will remain on tenants. With a low-risk tenant base the portfolio is well positioned to continue to achieve strong property growth. We will remain conservatively geared and sufficiently hedged to minimize the impact of potential interest rate increases. Management is confident that Fairvest should be able to achieve distribution growth of between 9% and 10% for the 2018 financial year. This view assumes no material deterioration in the macroeconomic environment relative to current levels, that no major corporate failures will occur and that tenants will be able to absorb increases in municipal and utility costs. Forecast rental income is based on contractual lease terms and anticipated market related renewals. This forecast is the responsibility of the board of Fairvest and has not been reviewed or reported on by the auditors.
05-Sep-2017
(Official Notice)
03-Aug-2017
(Official Notice)
Shareholders are referred to the cautionary announcement released on SENS on 13 April 2017 (?the cautionary announcement?), as well as the renewal of cautionary announcements released on SENS on 31 May 2017 and 13 July 2017, advising shareholders that the Company had engaged in negotiations with a broad-based black economic empowerment consortium (?the Consortium?) regarding the basis on which the Consortium may subscribe for Fairvest shares, and are advised that negotiations with the Consortium have been discontinued.



Accordingly, the cautionary announcement is withdrawn and caution is no longer required to be exercised when dealing in the Company?s shares.
13-Jul-2017
(Official Notice)
Shareholders are referred to the cautionary announcements released on SENS on 13 April 2017 and 31 May 2017, advising that the Company is engaged in negotiations with a broad-based black economic empowerment consortium (?the Consortium?) regarding the basis on which the Consortium may subscribe for Fairvest shares. As these negotiations are still ongoing, shareholders are advised to continue to exercise caution when dealing in the company?s shares until a full announcement is made.
19-Jun-2017
(Official Notice)
Shareholders of the Company were advised that Mr Trevor John Cohen (?Trevor?) was on Monday, 19 June 2017 appointed as an independent non-executive director of the Company and as a member of the Investment Committee, with effect from 1 July 2017.
02-Jun-2017
(Official Notice)
Shareholders are referred to the Company?s SENS announcement dated 1 March 2017, advising that the Company had entered into a sale agreement with Growthpoint Properties Ltd. to acquire the property and rental enterprise known as Shoprite Empangeni, on the terms detailed in that announcement (?Acquisition?). All suspensive conditions to the Acquisition have been fulfilled and registration of transfer of the above property is expected to occur by 31 July 2017. Immediately following implementation of the Acquisition, the Company will transfer the rental enterprise and property to its wholly-owned subsidiary, FPP Property Venture 102 (Pty) Ltd. (?FPP 102?).



Shareholders are notified in terms of section 45(5)(a) of the Companies Act, No. 71 of 2008 (?Companies Act?) that, pursuant to the authority granted to it by shareholders at the Company?s annual general meeting on 15 November 2016, the board of directors of the Company (?Board?) on 1 June 2017 approved the provision of the following financial assistance (?Board Resolutions?) to FPP 102:

* the Company will provide a loan to FPP 102 of up to R100 000 000 to enable FPP 102 to acquire the rental enterprise and property; and

* the Company will provide a guarantee of R86 000 000 on behalf of FPP 102 in respect of bank loans raised.



Prior to authorising the aforementioned financial assistance, the Board considered and satisfied itself, in terms of section 45 of the Companies Act, that (1) immediately after providing the financial assistance, the Company would satisfy the solvency and liquidity test as contemplated in section 4 of the Companies Act, (2) there has been due compliance with the Company?s memorandum of incorporation and (3) the terms of the financial assistance are fair and reasonable to the Company.
31-May-2017
(Official Notice)
Shareholders are referred to the cautionary announcement released on SENS on 13 April 2017, advising that the Company is engaged in negotiations with a broad-based black economic empowerment consortium (?the Consortium?) regarding the basis on which the Consortium may subscribe for Fairvest shares. As these negotiations are still ongoing, shareholders are advised to continue to exercise caution when dealing in the Company?s shares until a full announcement is made.
18-Apr-2017
(Official Notice)
Shareholders are referred to the announcements released by Fairvest on the JSE?s Stock Exchange News Service (?SENS?) on 2 March 2017 and 31 March 2017 relating to the declaration of a final gross distribution of 8.953 cents per Fairvest share for the six-month period ended 31 December 2016 (?Cash Dividend?) and the finalisation of the dividend reinvestment alternative (?Reinvestment Alternative?).



Shareholders holding 199 129 210 Fairvest shares, representing 25.5% of Fairvest shares in issue and qualifying to receive the dividend, elected the Reinvestment Alternative, resulting in the issue of 9 825 791 new ordinary Fairvest shares of no par value and the retention of R17.82 million of new equity by Fairvest (based on the issue price of R1.81322 per new share). Accordingly, an aggregate Cash Dividend of R52.01 million is payable in respect of the remaining 580 881 311 Fairvest shares in issue.



Electronic payment of the Cash Dividend to certificated shareholders will occur on 18 April 2017, while new share certificates in respect of certificated shareholders who elected to participate in the Reinvestment Alternative will be posted to such shareholders on Thursday, 20 April 2017, 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, 18 April 2017, 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 Thursday, 20 April 2017, in line with the settlement dates stated in Fairvest?s SENS announcement dated 2 March 2017.
13-Apr-2017
(Official Notice)
Shareholders are advised that Fairvest has reached consensus with a broad-based black economic empowerment consortium (?the Consortium?) on the basis on which the Consortium will subscribe for Fairvest shares.



The proposed transaction is subject to the conclusion of detailed transaction agreements, which will provide for conditions precedent including inter alia the necessary approvals of the shareholders of Fairvest.



Pending further announcement of the detail of the proposed transaction, Fairvest shareholders are advised to exercise caution when dealing in the company?s shares.
31-Mar-2017
(Official Notice)
02-Mar-2017
(Official Notice)
02-Mar-2017
(C)
Gross revenue jumped to R162.2 million (2015: R134.4 million). Operating profit rose to R93.2 million (2015: R80.2 million), profit and total comprehensive income attributable to owners of the parent came in higher at R126.6 million (2015: R62.7 million), while headline earnings per share decreased to 9.43 cents per share (2015: 10.05 cents per share).



Dividend

The board has approved and declared an interim gross distribution of 8.953 cents per share for the six-month period ended 31 December 2016, payable to shareholders registered as such at the close of business on Thursday, 13 April 2017.



Prospects

Fairvest continues to actively pursue various acquisitions to expand the portfolio utilising the current available debt facilities. These acquisitions will remain within our target asset class being non-metropolitan retail assets servicing the lower LSM market. Trading conditions are expected to remain challenging with pressure on tenants in a low economic growth environment. The portfolio remains well positioned, with a low-risk tenant base and improved portfolio quality to continue to achieve strong growth in distributions. Management remain confident that Fairvest should be able to achieve distribution growth of between 9% and 10% for the 2017 financial year. We will continue to remain conservatively geared and sufficiently hedged to minimize the impact of potential interest rate increases. This view assumes no material deterioration in the macro-economic environment relative to current levels, that no major corporate failures will occur and that tenants will be able to absorb increases in municipal and utility costs. Forecast rental income is based on contractual lease terms and anticipated market related renewals. This forecast is the responsibility of the board of Fairvest and has not been reviewed or reported on by the auditors.
01-Mar-2017
(Official Notice)
08-Feb-2017
(Official Notice)
Shareholders are advised that Fairvest has entered into negotiations, which if successfully concluded may have a material effect on the price of the company?s securities. Accordingly, shareholders are advised to exercise caution when dealing in the company?s securities until a full announcement is made.
15-Nov-2016
(Official Notice)
Shareholders are hereby advised that at the annual general meeting of the Company held at 10:00 today, 15 November 2016 in the board room at the Company?s registered office, 8th Floor, the Terraces, 34 Bree Street, Cape Town (?AGM?), all of the resolutions proposed were passed by the requisite majority of Fairvest shareholders.



07-Nov-2016
(Official Notice)
Fairvest announced 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.
17-Oct-2016
(Official Notice)
Shareholders are referred to the announcements released by Fairvest on the JSE?s Stock Exchange News Service (?SENS?) on 8 September 2016 and 27 September 2016 relating to the declaration of a final gross distribution of 8.489 cents per Fairvest share for the six-month period ended 30 June 2016 (?Cash Dividend?) and the finalisation of the dividend reinvestment alternative (?Reinvestment Alternative?).



Shareholders holding 196 590 648 Fairvest shares, representing 29.9% of Fairvest shares in issue and qualifying to receive the dividend, elected the Reinvestment Alternative, resulting in the issue of 9 984 011 new ordinary Fairvest shares of no par value and the retention of R16.68 million of new equity by Fairvest (based on the issue price of R1.67041 per new share). Accordingly, an aggregate Cash Dividend of R39.20 million is payable in respect of the remaining 461 671 157 Fairvest shares in issue.



Electronic payment of the Cash Dividend to certificated shareholders will occur today, 17 October 2016, 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, 19 October 2016, 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, 17 October 2016, 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, 19 October 2016, in line with the settlement dates stated in Fairvest?s SENS announcement dated 8 September 2016.
30-Sep-2016
(Official Notice)
Notice is hereby given that the annual general meeting of Fairvest shareholders will be held at 10:00 on Tuesday, 15 November 2016 in the boardroom, 8th Floor, The Terraces, 34 Bree Street, Cape Town (?AGM?) to transact the business set out in the notice of the AGM (?Notice of AGM?) that was distributed to shareholders today, 30 September 2016.



The audited summarised condensed consolidated results for the financial year ended 30 June 2016 are annexed to the Notice of AGM and contain no changes to the audited summarised consolidated results for the year ended 30 June 2016 published by the company on SENS on 8 September 2016.



The full audited annual financial results of the company are included in the company?s 2016 integrated annual report, which is available on the company?s website at www.fairvest.co.za.



The date on which shareholders must be recorded as such in the share register to be eligible to vote at the AGM is Friday, 4 November 2016, with the last day to trade being Tuesday, 1 November 2016.



27-Sep-2016
(Official Notice)
08-Sep-2016
(Official Notice)
Shareholders are referred to Fairvest?s audited summarised consolidated results for the year ended 30 June 2016, as published on SENS on 8 September 2016, wherein shareholders were advised that Fairvest?s board of directors has approved and declared a final gross distribution of 8.489 cents per share for the six-month period ended 30 June 2016, payable to shareholders registered as such at the close of business on Friday, 14 October 2016.



Shareholders will be entitled, in respect of all or part of their shareholdings, to elect to reinvest the net cash dividend of 8.489 cents per share, in return for Fairvest ordinary shares (?Reinvestment Alternative?), failing which they will receive the cash dividend. Further details regarding the Reinvestment Alternative will be set out in a circular to shareholders, to be issued on or about 21 September 2016.



The entitlement of shareholders to elect to participate in the Reinvestment Alternative is subject to the board, either itself or through a board sub-committee appointed to set the pricing and terms of the Reinvestment Alternative, having the discretion to withdraw the entitlement to elect the Reinvestment Alternative should market conditions warrant such action. A withdrawal of the entitlement to elect the Reinvestment Alternative would be communicated to shareholders before the publication of the finalisation announcement on Tuesday, 27 September 2016.



Salient dates

* Circular and form of election posted to Shareholders : Wednesday, 21 September

* Announcement of Reinvestment Alternative issue price, ratio and finalisation information on SENS: Tuesday, 27 September

* Last day to trade cum dividend (?LDT?) : Tuesday, 11 October

* Trading commences ex dividend : Wednesday, 12 October

* Listing of maximum possible number of Shares to be issued under the Reinvestment Alternative: Friday, 14 October

* Last day to elect to receive Reinvestment Alternative by 12:00 (South African time) on Friday, 14 October

* Record date : Friday, 14 October

* Payment of cash dividend on or about Monday, 17 October

* Announcement of the results of the dividend on SENS : Monday, 17 October

* Share certificates posted and CSDP/broker accounts updated in respect of Reinvestment Alternative on or about Wednesday, 19 October

* Adjustment of number of new Shares listed on or about Friday, 21 October
08-Sep-2016
(C)
Gross revenue for the year soared to R279.7 million (2015: R187.9 million), operating profit jumped to R159.6 million (2015: R110 million), profit and total comprehensive income attributable to owners of the parent rose to R222.1 million (2015: R121.2 million), while headline earnings per share grew to 18.03 cents per share (2015: 15.93 cents per share).



Dividend

The board has approved and declared a final gross distribution of 8.489 cents per share for the six-month period ended 30 June 2016, payable to shareholders registered as such at the close of business on Friday, 14 October 2016.



Shareholders will be entitled, in respect of all or part of their shareholdings, to elect to reinvest the cash dividend of 8.489 cents per share, in return for new Fairvest ordinary shares ("Reinvestment Alternative"), failing which they will receive the cash dividend.



Prospects

Pressure will remain on tenants in a low economic growth, and rising interest rate environment and we expect trading conditions to remain challenging. Despite the weak economic outlook the portfolio is well positioned, with a low-risk tenant base and improved portfolio quality to continue to achieve strong growth in distributions. Management is confident that Fairvest should be able to achieve distribution growth of between 9% and 10% for the 2017 financial year. We will continue to remain conservatively geared and sufficiently hedged to minimize the impact of potential interest rate increases.



This view assumes no material deterioration in the macro-economic environment relative to current levels, that no major corporate failures will occur and that tenants will be able to absorb increases in municipal and utility costs. Forecast rental income is based on contractual lease terms and anticipated market related renewals.
10-Aug-2016
(Official Notice)
Fairvest shareholders are referred to Special Resolution Number 3, relating to the provision of direct or indirect financial assistance in terms of section 45 of the Companies Act, No 71 of 2008 (?the Companies Act?) to related or inter-related companies, which was approved at the annual general meeting of Fairvest on 3 November 2015.



Fairvest shareholders are notified in terms of section 45(5)(a) of the Companies Act, that on 29 July 2016 the board of directors of the Company (?the Board?) approved the provision of financial assistance (?the Board Resolution?), pursuant to the above shareholder approval, to the following newly-incorporated subsidiary of Fairvest:

- Urban Growth Property (Pty) Ltd. (?UGP?)

o Fairvest has granted financial assistance by way of a loan to UGP in the amount of R24 000 000 in order to enable UGP to purchase and redevelop the Macassar Shopping Centre, Western Cape; and

o Fairvest has granted further financial assistance by providing a guarantee of R35 600 000 on behalf of UGP in respect of bank loans raised.



The financial assistance provided, as detailed above, is greater than one-tenth of 1% of Fairvest?s net worth as at the date of the Board Resolution.



The Board further confirms that immediately after providing the above financial assistance, the Company will continue to satisfy the solvency and liquidity test as contemplated in section 4 of the Companies Act. Furthermore, the Board confirms that the terms and conditions of the financial assistance are fair and reasonable to the Company and that there has been due compliance with the Company?s memorandum of incorporation.
09-May-2016
(Official Notice)
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.
30-Mar-2016
(Official Notice)
Fairvest shareholders are referred to Special Resolution Number 3, relating to the provision of direct or indirect financial assistance in terms of section 45 of the Companies Act, No 71 of 2008 (?the Companies Act?) to related or inter-related companies, which was approved at the annual general meeting of Fairvest on 3 November 2015.



Fairvest shareholders are notified in terms of section 45(5)(a) of the Companies Act, that on 16 March 2016 the board of directors of the company (?the Board?) approved the provision of financial assistance (?the Board Resolutions?), pursuant to the above shareholder approval, to the following newly- incorporated subsidiaries of Fairvest:

FPP Property Venture 103 (Pty) Ltd. (?FPP 103?)

o Fairvest has granted financial assistance by way of a loan to FPP 103 in the amount of R55 000 000 in order to enable FPP 103 to purchase the Mainstream Acquisition as announced on SENS on 10 December 2015; and

o Fairvest has granted further financial assistance by providing a guarantee of R64 500 000 on behalf of FPP 103 in respect of bank loans raised; and



Parow Valley Spar (Pty) Ltd. (?PVS?)

o Fairvest has granted financial assistance by way of a loan to PVS in the amount of R10 000 000 in order to enable PVS to purchase the Parow Valley Spar Centre, Western Cape; and

o Fairvest has granted further financial assistance by providing a guarantee of R8 6700 000 on behalf of PVS in respect of bank loans raised.



The financial assistance provided, as detailed above, is greater than one-tenth of 1% of Fairvest?s net worth as at the date of the Board Resolutions.



The Board further confirms that immediately after providing the above financial assistance, the company will continue to satisfy the solvency and liquidity test as contemplated in section 4 of the Companies Act, that the terms and conditions of the financial assistance are fair and reasonable to the company and that there has been due compliance with the company?s memorandum of incorporation.
03-Mar-2016
(C)
Gross revenue jumped to R134.4 million (2014: R89.4 million). Operating profit rose to R80.2 million (2014: R53.2 million), profit and total comprehensive income attributable to owners of the parent came in at R62.7 million, while headline earnings per share grew to 10.05 cents per share (2014: 8.94 cents per share).



Dividend

The board has approved and declared a final gross dividend of 8.171 cents per share for the six month period ended 31 December 2015 from fixed income reserves, payable to shareholders registered as such at the close of business on Friday, 1 April 2016.



Prospects

With an increased level of uncertainty and volatility in the financial markets and the lacklustre economic growth, we anticipate that tough trading conditions will continue for the remainder of the financial year. Despite the economic outlook, the benefit of improved occupancies, together with the most recent property acquisitions should allow for continued strong growth in distributions. Given the performance of the six months to 31 December 2015, management reassessed the outlook for the remainder of the financial year and is confident we will be able to achieve distribution growth of between 9.25% and 10.25% for the 2016 financial year.



This view assumes that there be no material deterioration in the macroeconomic environment relative to current levels, that no major corporate failures will occur and that tenants will be able to absorb increases in municipal and utility costs. Forecast rental income is based on contractual lease terms and anticipated market-related renewals. This forecast is the responsibility of the board of Fairvest and has not been reviewed or reported on by the auditors.
22-Feb-2016
(Official Notice)
Shareholders are referred to the company?s SENS announcement dated 19 January 2016 (?Acquisition Announcement?), regarding the conclusion of an agreement (?Acquisition Agreement?) to acquire the shopping centre more commonly known as Shoprite Heidelberg (?the Acquisition?).



As indicated in the acquisition announcement, the acquisition was subject to the fulfilment of certain conditions precedent, including a due diligence investigation by Fairvest.



Shareholders are advised that matters subsequently identified by Fairvest during the due diligence investigation necessitated an adjustment to the terms of the Acquisition. Fairvest was unable to conclude an adjustment with Vilhas Property CC and the condition precedent detailed in paragraph 6.1.1 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.





19-Jan-2016
(Official Notice)
Shareholders of the Company are hereby advised that the Company entered into an agreement (?Sale Agreement?)on 18 January 2016 with Vilhas Property CC (?Seller?) to acquire, as a going concern, the rental enterprise operated by the Seller (?the Rental Enterprise?) in respect of the property at Erf 3429, Heidelberg, situated at 61 Voortrekker Street, Heidelberg, Gauteng (?the Property?), being the shopping centre more commonly known as Shoprite Heidelberg (?the Acquisition?).



The effective date of the Acquisition shall be the date of registration of transfer of ownership of the Property to Fairvest (?Effective Date?), which is expected to occur on or about 1 May 2016.



The Acquisition is subject to fulfilment of the following conditions precedent:

*That, by no later than 20 business days from the date on which the Seller has provided Fairvest with access to or copies of the due diligence information requested by Fairvest, Fairvest has concluded its due diligence investigation in terms of the Sale Agreement to its entire satisfaction and has given written notice thereof to the Seller, with the date of Fairvest giving the said written notice to the Seller being referred to as the ?Due Diligence Approval Date?;

*that, within 10 business days from the Due Diligence Approval Date, the investment committee of Fairvest approves the purchase of the Rental Enterprise and Fairvest delivers a copy of such resolution to the Seller;

*that, within 15 business days from the Due Diligence Approval Date, the board of directors of Fairvest approves the purchase of the Rental Enterprise and Fairvest delivers a copy of such resolution to the Seller; and

* that, to the extent necessary, within 20 business days from the signature date of the Sale Agreement, the approval of the shareholders of the Seller be obtained in accordance with the provisions of sections 112 and 115 of the Companies Act 2008.

*Fairvest is entitled to waive the conditions precedent set out in paragraphs above.

18-Dec-2015
(Official Notice)
Shareholders are advised that Fairvest?s corporate office has been relocated to the following new address:



Physical address: 8th Floor, The Terraces, 34 Bree Street, Cape Town, 8001



All other contact details remain unchanged and are as follows:



Postal address: Postnet Suite 30, Private Bag x3, Roggebaai, 8012



Telephone: +27 21 276 0800



Telefax: +27 21 276 0899



A change in the registered address of the company to the above physical address has been registered with the Companies and Intellectual Property Commission.
10-Dec-2015
(Official Notice)
03-Nov-2015
(Official Notice)
Shareholders are hereby advised that at the annual general meeting of the Company held at 10:00, 3 November 2015, in the boardroom, Office 18003, 18th Floor, Triangle House, 22 Riebeek Street, Cape Town (AGM), all of the resolutions proposed were passed by the requisite majorities of Fairvest shareholders.
16-Oct-2015
(Official Notice)
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 fulfilment 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.
15-Oct-2015
(Official Notice)
Shareholders are advised that Fairvest has successfully raised R100 million through the placement of 58 823 529 ordinary shares at a price of R1.70 per share.



The shares were placed in terms of a vendor consideration placement. The monies raised will be utilised by Fairvest to partially fund its recent acquisition of Middestad Centre and Mega Park in Bloemfontein. Shareholders are referred to the Company?s announcement on 17 March 2015 containing further details regarding the acquisition.



The shares in question will be issued and listed on Friday, 16 October 2015.
30-Sep-2015
(Official Notice)
Notice is hereby given that the annual general meeting of Fairvest shareholders will be held at 10:00 on Tuesday, 3 November 2015 in the boardroom, Office 18003, 18th Floor, Triangle House, 22 Riebeek Street, Cape Town (?AGM?) to transact the business set out in the notice of the AGM (?Notice of AGM?) that was posted to shareholders today, 30 September 2015.



The audited condensed consolidated results for the financial year ended 30 June 2015 are annexed to the Notice of AGM and contain no changes to the audited condensed consolidated results for the year ended 30 June 2015 published by the company on SENS on 8 September 2015. The full audited annual financial results of the company are included in the company?s 2015 integrated annual report, which is available on the company?s website at www.fairvest.co.za.



The date on which shareholders must be recorded as such in the share register to be eligible to vote at the AGM is Friday, 23 October 2015, with the last day to trade being Friday, 16 October 2015.
08-Sep-2015
(Official Notice)
08-Sep-2015
(C)
Gross revenue soared to R187.9 million (R149 million). Headline and diluted headline profit attributable to shareholders/ linked unitholders surged to R86.1 million (R59.3 million). While, headline and diluted headline earnings per share increased to 15.93cps (13.72cps).



Dividends

The board has approved and declared a final gross dividend of 7.679 cents per share for the six-month period ended 30 June 2015 from fixed income reserves, payable to shareholders registered as such at the close of business on Friday, 9 October 2015.



Prospects

With an upward interest rate cycle, disproportionate increases in operating expenses that are outside our control and lacklustre economic growth, we anticipate that tough trading conditions will continue into the year ahead. Despite the economic outlook, the benefit of improved occupancies, together with the most recent property acquisitions and ongoing cost control, should allow for continued strong growth in distributions. Management is confident that we should be able to maintain the distribution growth of between 9% and 10% for the 2016 financial year. We will remain conservatively geared and sufficiently hedged to minimise the impact of the anticipated rise in interest rates. We will continue to look for yield-enhancing acquisitions and developments that are in line with our strategy.



This view assumes that there being no material deterioration in the macroeconomic environment relative to current levels, no major corporate failures will occur and tenants will be able to absorb increases in municipal and utility costs. Forecast rental income is based on contractual lease terms and anticipated market-related renewals. This forecast is the responsibility of the board of Fairvest and has not been reviewed or reported on by the auditors.
30-Jul-2015
(Official Notice)
08-Jun-2015
(Official Notice)
Linked unitholders are referred to the Company?s announcements dated 24 April 2015 and 25 May 2015, as well as the circular dated 24 April 2015 (?Circular?), regarding the conversion of Fairvest?s current linked unit capital structure to a share only structure, such conversion involving, inter alia, a scheme of arrangement between Fairvest and its debenture holders (?Scheme?).



Linked unitholders are advised that all conditions precedent to the Scheme and capital conversion, as detailed in paragraph 6 of the Circular, have now been fulfilled. Accordingly, the Scheme and capital conversion will be implemented in accordance with the timetable detailed in the Circular and in Fairvest?s announcement dated 24 April 2015.
25-May-2015
(Official Notice)
Linked unitholders are referred to the Company?s circular dated 24 April 2015, regarding the conversion of Fairvest?s current linked unit capital structure to a share only structure, and are advised that at the linked unitholders? meeting, the debenture holders? meeting and the shareholders? meeting of the Company (collectively, ?General Meetings?) held on 25 May 2015, at Office 18003, 18th Floor, Triangle House, 22 Riebeek Street, Cape Town, all of the resolutions proposed were passed by the requisite majorities.
24-Apr-2015
(Official Notice)
16-Apr-2015
(Official Notice)
Linked unitholders are advised that Fairvest has closed its placement announced earlier today.



Fairvest successfully raised R137 million through the placing of 71 802 000 linked units at a price of 191 cents per linked unit.



Subject to approval by the JSE, listing and trading of the new linked units is expected to commence at 09h00 on Friday, 24 April 2015.
16-Apr-2015
(Official Notice)
Fairvest announces a placement to raise approximately R135 million through the issue of new linked units to successful applicants. The proceeds of the placement will be used to fund and/or to repay debt facilities used to fund acquisitions and accordingly the placement is a vendor consideration placement. Fairvest will consider applications to acquire new shares pursuant to the placement at pricing of not less than 191 cents per linked unit. Fairvest has received commitments for the major part of the placement.



The placement is on offer to qualifying investors only and does not constitute, nor is intended to constitute, an offer to the public to purchase or subscribe for any linked units. The placement will close by announcement on SENS in the course of today or tomorrow. Pricing and allocations will be announced as soon as practicable following the closing. The new linked units will rank pari passu in all respects with existing linked units. Java Capital is acting as sole bookrunner.
17-Mar-2015
(Official Notice)
02-Mar-2015
(C)
Gross revenue for the interim period soared to R89.4million (R62.7 million). Operating profit shot up to R53.2 million (R38.5 million), while headline earnings per linked unit came in higher at 8.9cplu (8.1cplu).



Distribution

The board has approved and declared a final gross distribution of 7.427 cents per linked unit for the six-month period ended 31 December 2014, payable to linked unitholders registered as such at the close of business on Friday, 27 March 2015.



Prospects

Despite the challenging economic environment and slower economic growth, Fairvest remains in a strong and healthy position for delivery on future prospects. Management is confident that distribution growth, at the upper end of the range of between 9% and 10% as previously communicated to the market, is still achievable for the 2015 financial year. This is due to the positive letting of vacant space during the latter half of the reporting period, which positions us well for strong further growth in the 2016 financial year. This view assumes that there being no material deterioration in the macro-economic environment relative to current levels, no major corporate failures will occur and tenants will be able to absorb increases in municipal and utility costs. Forecast rental income is based on contractual lease terms and anticipated market related renewals. This forecast is the responsibility of the board of Fairvest and has not been reviewed or reported on by the auditors.

19-Dec-2014
(Official Notice)
19-Nov-2014
(Official Notice)
Linked unitholders are hereby advised that at the annual general meeting of the company held at 10:30 today, 19 November 2014, in the boardroom, Office 18003, 18th Floor, Triangle House, 22 Riebeek Street, Cape Town, all of the resolutions proposed were passed by the requisite majorities of Fairvest linked unitholders.
23-Oct-2014
(Official Notice)
03-Oct-2014
(Official Notice)
30-Sep-2014
(Official Notice)
Notice is hereby given that the annual general meeting of Fairvest linked unitholders will be held at 10:30 on Wednesday, 19 November 2014 in the boardroom, Office 18003, 18th Floor, Triangle House, 22 Riebeek Street, Cape Town (AGM) to transact the business set out in the notice of the AGM (Notice of AGM) that was posted to linked unitholders today, 30 September 2014.



The audited condensed consolidated results for the financial year

ended 30 June 2014 are annexed to the Notice of AGM and contain no changes to the audited condensed consolidated results for the year ended 30 June 2014 published by the Company on SENS on 8 September 2014. The full audited annual financial results of the Company are included in the Company?s 2014 annual report, which is available on the Company?s website at www.fairvest.co.za.



The date on which linked unitholders must be recorded as such in the linked unit register to be eligible to vote at the AGM is Friday, 14 November 2014, with the last day to trade being Friday, 7 November 2014.

08-Sep-2014
(C)
Gross revenue soared to R148.9 million (R54.2 million). Headline and diluted headline profit attributable to linked unitholders surged to R59.3 million (R16.9 million). However, headline and diluted headline earnings per linked unit increased to 13.7cplu (8cplu).



Distribution

The board has approved and declared a final gross distribution of 6.97 cents per linked unit for the 6 month period ended 30 June 2014.



Prospects

The economic environment remains challenging with slower economic growth and rising interest rates. Despite the economic outlook, Fairvest is in a strong and healthy position for delivery of future prospects, further strengthened by the improvement in the portfolio and tenant mix, and the acquisition of quality assets during the year. The distribution growth for the listed property sector is forecast at between 7% and 8%. Management is cognisant of Fairvest's need to outperform the sector given its size, and is confident that distribution growth of between 9% and 10% will be achievable for the 2015 financial year.



This view assumes that interest rates will rise by no more than 100 basis points over the course of our financial year and there being no material deterioration in the macro-economic environment relative to current levels, no major corporate failures will occur and tenants will be able to absorb increases in municipal and utility costs. Forecast rental income is based on contractual lease terms and anticipated market related renewals. This forecast is the responsibility of the board of Fairvest and has not been reviewed or reported on by the auditors.

03-Sep-2014
(Official Notice)
21-Jul-2014
(Official Notice)
Linked unitholders of the Company are referred to the Company's SENS announcement dated 15 May 2014 ("the Announcement"), regarding the Richmond Shopping Centre Acquisition ("the Acquisition") which sets out the outstanding conditions precedent to the Acquisition.



Linked unitholders are advised that the Company has entered into an addendum to the agreement referred to in the Announcement, under which the Acquisition is to occur ("Addendum"). Linked unitholders are advised that the deadlines for the following conditions precedent in the Announcement have been extended by the parties by means of the Addendum:

* the deadline for the fulfilment of the conditions precedent specified in paragraphs 6.1 and 6.2 of the Announcement, have been extended to 30 July 2014;

* the deadline for the fulfilment of the condition precedent specified in paragraph 6.3 of the Announcement, has been extended to 31 August 2014; and

* the deadline for the fulfilment of the condition precedent specified in paragraph 6.4 of the Announcement, has been extended to 14 August 2014.



Save as set out above, the terms and other information contained in the Announcement remain unchanged.
26-Jun-2014
(Official Notice)
03-Jun-2014
(Official Notice)
Linked unitholders of the company are hereby advised that Mr Ndabezinhle Mkhize and Adv Jacob Daniel Wiese were on Monday, 2 June 2014 appointed as independent non-executive directors of the company with immediate effect.



Resignation from board of directors of the company

Linked unitholders of the company are hereby advised that Mr Pieter van der Merwe has resigned as lead independent non-executive director of Fairvest with effect from 2 June 2014.



Linked unitholders are advised that Mr Louis Andrag, an independent non-executive director of the company, has been appointed as the new lead independent director of Fairvest with immediate effect.
15-May-2014
(Official Notice)
06-Mar-2014
(C)
Gross revenue for the interim period soared to R62.7 million (2012: R10.4 million). Operating profit shot up to R38.5 million (2012: R4.8 million), while headline earnings per linked unit came in at 8.1cplu (2012: 3cplu).



Distribution

The board has approved and declared an interim gross distribution of 6.75cplu for the six month period ended 31 December 2013.



Prospects

The forecasted debenture interest distribution of 14.06cplu for the twelve months to 30 June 2014, as reported to linked unit holders in the company's results for the year to 30 June 2013, has been updated to include the forecasted distribution on the Vukile acquisition as per the circular sent to linked unit holders on 22 November 2013. The updated distribution for the full year to 30 June 2014 is 13.7cplu and management is confident that this will be achievable. This forecast assumes that the current economic and interest rate environment will remain stable, no major corporate failures will occur and tenants will be able to absorb increases in municipal and utility costs.
31-Jan-2014
(Official Notice)
Linked unitholders are referred to the Company?s SENS announcements dated 10 October 2013, 22 November 2013 and 24 December 2013, regarding the acquisition by the Company from Vukile Property Fund Ltd (Vukile) and Vukile?s subsidiary, MICC Properties Proprietary Limited (MICC), of a portfolio of retail properties (Acquisition Portfolio)(Vukile Acquisition).



Linked unitholders are further referred to the the Company?s circular to linked unitholders dated 22 November 2013, regarding the Vukile Acquisition. As indicated in the Company?s SENS announcement dated 24 December 2013, at the Company?s general meeting on the same date, linked unitholders passed all resolutions required for the approval of the Vukile Acquisition and for the accompanying acquisition issue of new linked units to Vukile and MICC in consideration for the Acquisition Portfolio (Acquisition Issue).



Linked unitholders are advised that registration of transfer to the Company of the final property in the Acquisition Portfolio, occurred on Thursday, 30 January 2014, with the corresponding acquisition linked units being issued by the Company and listing today, 31 January 2014. All of the properties forming part of the Acquisition Portfolio have now been acquired by the Company and the Vukile Acquisition has accordingly now been implemented. The Company confirms that a total of 167 873 969 ordinary linked units were issued to Vukile and MICC in terms of the Acquisition Issue at an issue price of R1.40 per Acquisition Linked Unit. Following the issuing of the abovementioned acquisition linked units, the Company?s issued linked unit capital has increased to 527 636 276 ordinary linked units.



In accordance with section 122(3)(b) of the Companies Act, No 71 of 2008 and paragraph 3.83(b) of the Listings Requirements of the JSE Limited, linked unitholders are hereby advised that the company has received formal notification, in the prescribed form, that:

*Vukile has acquired a beneficial interest in securities of the Company, such that the total beneficial interest in the securities of the Company held by Vukile amounts to 7.58% of the total issued ordinary linked unit capital of the company; and

*MICC has acquired a beneficial interest in securities of the Company, such that the total beneficial interest in the securities of the Company held by MICC amounts to 24.64% of the total issued ordinary linked unit capital of the company.

23-Jan-2014
(Official Notice)
Linked unitholders are referred to the cautionary announcement contained in the Transaction Announcement, as renewed by the Company in its subsequent announcements dated 24 December 2013 and 16 January 2014. Whereas the Company will not be proceeding with the Old Mutual Acquisition, caution is no longer required to be exercised by linked unitholders when dealing in the Company's securities.
23-Jan-2014
(Official Notice)
Linked unitholders are referred to the Company's SENS announcement on 14 November 2013 ("Transaction Announcement") regarding the conclusion of an acquisition agreement ("Acquisition Agreement") with Old Mutual Life Assurance Company (South Africa) Ltd. ("Old Mutual") for the acquisition of certain retail properties by the Company from Old Mutual ("Old Mutual Acquisition").



As indicated in the Transaction Announcement, the Old Mutual Acquisition is subject to the fulfilment of various conditions precedent, including confirmation by the Company that it has completed a due diligence investigation in connection with the acquisition portfolio to its satisfaction ("Due Diligence CP").



As indicated in the Company's SENS announcement on 16 January 2014, certain matters were identified by the Company during the due diligence investigation as being potentially material to the Old Mutual Acquisition. As a result, the Company did not confirm fulfilment of the Due Diligence CP, resulting in the Acquisition Agreement lapsing. At the time of the Company's SENS announcement on 16 January 2014, the Company was still, as indicated in that announcement, in discussions with Old Mutual regarding the possible reinstatement of the Acquisition Agreement upon revised terms.



Linked unitholders are advised that the Company and Old Mutual have been unable to agree on revised terms for the reinstatement of the Acquisition Agreement and that the Company will therefore not be proceeding with the Old Mutual Acquisition.
21-Jan-2014
(Official Notice)
Linked unitholders are referred to the company's notice of annual general meeting, posted to linked unitholders on 22 November 2013 (Notice of AGM).



Linked unitholders are advised that, save for Ordinary Resolution Number 9, which was withdrawn by the company prior to voting, all resolutions, as more fully set out in the Notice of AGM, were passed by the requisite majorities of linked unitholders present and represented by proxy at the company's annual general meeting, held at 10:00 on Tuesday, 21 January 2014.

16-Jan-2014
(Official Notice)
Linked unitholders are referred to the cautionary announcement contained in the Transaction Announcement, as renewed by the company in its subsequent announcement dated 24 December 2013.



The company's further discussions with Old Mutual may result in the reinstatement of the Acquisition Agreement, the revised terms of which may have a material effect on the price of the company's securities. Accordingly, linked unitholders are advised to continue exercising caution when dealing in the company's securities, until such time as a further announcement is made in respect of the outcome of such further discussions.
16-Jan-2014
(Official Notice)
Linked unitholders are referred to the company's SENS announcement on 14 November 2013 ("Transaction Announcement"), in which it advised linked unitholders that the company had entered into an agreement ("Acquisition Agreement") with Old Mutual Life Assurance company (South Africa) Ltd. ("Old Mutual") to acquire from Old Mutual a portfolio of retail properties and the associated rental enterprise ("Acquisition Portfolio"), as detailed in that announcement ("Old Mutual Acquisition").



As indicated in the Transaction Announcement, the Old Mutual Acquisition is subject to the fulfilment of various conditions precedent, including confirmation by the company that it has completed a due diligence investigation in connection with the Acquisition Portfolio to its satisfaction ("Due Diligence CP").



Certain matters were identified by the company during the due diligence investigation as being potentially material to the Old Mutual Acquisition. As a result, the company has not to date confirmed fulfilment of the Due Diligence CP.



Linked unitholders are advised that, whereas the deadline specified in the Transaction Announcement for fulfilment of the Due Diligence CP has expired without the Due Diligence CP being fulfilled, the Acquisition Agreement has lapsed.



The company currently remains in discussion with Old Mutual regarding the possible reinstatement of the Acquisition Agreement upon revised terms.
15-Jan-2014
(Official Notice)
Linked unitholders of the company are advised that Mr Martin Epstein (Martin) , in consultation with his fellow board members, has resigned as independent non-executive director of Fairvest with immediate effect.



Due to time constraints imposed on Martin as a result of his existing business interests, Martin has informed the board that he would be unable to dedicate the necessary time and effort required in order to adequately fulfil his obligations as an independent non-executive director going forward and has therefore elected to resign from his position on the board.
24-Dec-2013
(Official Notice)
Linked unitholders are referred to the Company's circular to linked unitholders dated 22 November 2013 ("the Circular") and to the Company's announcement of the same date.



Linked unitholders are advised that, at the general meeting of Fairvest linked unitholders held at 10h00 on Tuesday, 24 December 2013, all resolutions, as more fully set out in the notice of general meeting of Fairvest linked unitholders included in the Circular, were passed by the requisite majorities of linked unitholders present and represented by proxy.



Renewal of cautionary

Linked unitholders are referred to the Company's announcement dated 14 November 2013 ("the Announcement"), regarding the conclusion of an agreement between the Company and Old Mutual Life Assurance Company (South Africa) Ltd. ("Seller"), in terms of which the Company is to acquire from the Seller a portfolio of retail properties, including the associated rental enterprise ("Old Mutual Property Acquisition").



In particular, linked unitholders are referred to the cautionary announcement contained in the Announcement, and are hereby advised to continue exercising caution when dealing in the Company?s securities until a further announcement containing the pro forma financial effects and the forecast financial information in relation to the Old Mutual Property Acquisition is made.
22-Nov-2013
(Official Notice)
14-Nov-2013
(Official Notice)
Unitholders are advised that the pro forma financial effects and the forecast financial information in connection with the Acquisition is still in the process of being finalised and will be published in due course.



Until such further announcement is made, Unitholders are advised to exercise caution when dealing in the Company's securities.
14-Nov-2013
(Official Notice)
10-Oct-2013
(Official Notice)
Linked unitholders are referred to the Company's cautionary announcement dated 29 August 2013 and are advised that as particulars of the Acquisition have now been disclosed in this announcement and the Joint Announcement, caution is no longer required to be exercised by linked unitholders when dealing in the Company's securities.
10-Oct-2013
(Official Notice)
10-Oct-2013
(Official Notice)
Further to Fairvest's cautionary announcement dated 29 August 2013, Fairvest linked unitholders are advised to continue exercising caution when dealing in Fairvest's securities until a follow-up announcement by Fairvest, containing the pro forma financial effects and the forecast financial information in relation to the Transaction, is made.
10-Oct-2013
(Official Notice)
19-Sep-2013
(C)
Gross revenue soared to R54.2 million (R16.4 million). Headline and diluted headline profit attributable to linked unitholders surged to R16.9 million (R8.8 million). However, headline and diluted headline earnings per linked unit fell to 8cplu (10.3cplu).



Distribution

A final interest distribution of 6cplu has been declared.



Outlook

As reported in our circular issued in October 2012, updated for the updated actual capital structure, the forecast distribution for 12 months to 30 June 2014 of 14.06 cents per linked unit remains achievable.



Fairvest will continue to focus on growing the portfolio through strategic value-enhancing acquisitions, coupled with a focus on improving the quality of the portfolio through the acquisition of larger centres that dominate in the area in which they are located.



Looking forward, growth in distributions will be delivered through the implementation of strong operational controls, tenant optimisation, rental escalations and the reduction of vacancies.
29-Aug-2013
(Official Notice)
Linked unitholders are advised that the company is in advanced negotiations regarding the acquisition of a portfolio of further properties, which, if successfully concluded, may have a material effect on the price of the company's securities. This acquisition is still subject to the conclusion of binding agreements and, accordingly, linked unitholders are advised to exercise caution when dealing in the company's securities until a full announcement is made.
04-Jul-2013
(Official Notice)
Linked unitholders are hereby advised that Fairvest's application to the JSE for Real Estate Investment Trust ("REIT") status has been approved by the JSE. Accordingly, Fairvest qualifies as a REIT with effect from the commencement of their current financial year, being 1 July 2013.
03-Jul-2013
(Official Notice)
Linked unitholders are advised that Fairvest?s corporate office has been relocated to the following new address:

Physical address:

Office 18003, 18th Floor, Triangle House,

22 Riebeek Street, Cape Town, 8001



Postal address:

Postnet Suite 30, Private Bag x3, Roggebaai,

8012



Telephone:+27 21 276 0800

Telefax:+27 21 276 0899



A change in the registered address of the Company to the above physical address, has been approved by the Fairvest board of directors and is in the process of being registered with the Companies and Intellectual Property Commission.

08-May-2013
(Official Notice)
Fairvest has undertaken an equity capital raise of R99 million, through the issue of new Fairvest ordinary linked units, at R1.40 per linked unit, in terms of a vendor consideration placement to fund the Nyanga Junction and Sebokeng Plaza acquisitions, which were previously announced to the market.



A total of 70 714 286 new Fairvest ordinary linked units are expected to be issued and list on Thursday, 16 May 2013.



The equity raise was offered to selected investors and Java Capital acted as sole bookrunner.
10-Apr-2013
(Official Notice)
Linked unitholders are referred to the company's circular to linked unitholders dated 5 October 2012 (the Circular), containing details regarding, inter alia, the Put Option Acquisition. Linked unitholders are advised that SA Corporate Real Estate exercised the Put Option in respect of the Gingindlovu Property detailed in the Circular for a purchase consideration of R5 000 000, and that the property will accordingly be acquired by the company at that price, with transfer of ownership expected to be registered by 1 June 2013. SA Corporate Real Estate did not exercise the Put Option in respect of the remaining Put Option Property (being the Middelburg Property detailed in the Circular) by 31 March 2013, meaning that the Put Option has expired in respect of that property.



Linked unitholders are referred to the company's SENS announcement dated 28 January 2013 (the Nyanga Junction Announcement), regarding the Nyanga Junction Acquisition. With reference to the condition precedent referred to in paragraph 6.4 of the Nyanga Junction Announcement, linked unitholders are hereby advised that the parties to the Nyanga Junction Acquisition have since agreed to extend the date by which written consent to the assignment of the Notarial Lease to the company is to be obtained from the Passenger Rail Agency of South Africa (being the owner of the Nyanga Junction Property), by 45 days from the previous date of 31 March 2013.



The company advised linked unitholders in its condensed consolidated results for the six months ended 31 December 2012, as released on SENS on 27 March 2013, that registration of transfer of the Pick n Pay Vereeniging property (Vereeniging Property) to the company was still pending. Linked unitholders are hereby advised that registration of transfer of ownership of the Vereeniging Property to the company occurred today. Further particulars regarding the Vereeniging Property are disclosed in the Circular referred to above.
27-Mar-2013
(C)
Revenue rose to R10.4 million (R8.9 million). Operating profit increased to R4.8 million (R2.9 million). No net attributable profit was made as per custom. In addition, headline and diluted headline earnings per linked unit was lower at 3cplu (7.4cplu).



Distribution

An ordinary interim interest distribution of 0.86cplu has been declared.



Outlook

The forecast distribution for six months to 30 June 2013 of 5.99cplu remains achievable, with the potential of out performance as a result of the yield enhancing acquisitions. These forecasts are the responsibility of the board of Fairvest and have not been reviewed or reported on by the auditors.



Fairvest will continue to focus on growing the portfolio through strategic value-enhancing acquisitions, coupled with a focus on improving the quality of the portfolio through the acquisition of larger centres that dominate in the area in which they are located. Looking forward, growth in distributions will be delivered through the implementation of strong operational controls, tenant optimisation, rental escalations and the reduction of vacancies.
06-Mar-2013
(Official Notice)
18-Feb-2013
(Official Notice)
Linked unitholders of the company are referred to the announcement dated 28 January 2013 (the Announcement), regarding the Nyanga junction acquisition (the acquisition), and more specifically paragraph 6 of the Announcement, which sets out the outstanding conditions precedent to the acquisition.



Linked unitholders are hereby advised that the company has entered into an addendum to the agreement relating to the Acquisition whereby the company should obtain funding for the Acquisition by way of a loan from a bank or other financial institution or an additional equity investment in an amount not exceeding the amount of the purchase price within 15 business days after the owner of the Nyanga Property, being the Passenger Rail Agency of South Africa, consents in writing to the assignment of the Notarial Lease to the company (thereby amending paragraph 6.3 of the Announcement which stated that the Company should obtain the abovementioned funding by no later than 15 February 2013).

07-Feb-2013
(Official Notice)
Linked unitholders are advised that non-executive director and Chairman Mr Jacques Du Toit has resigned from the Company's audit and risk committee and that independent non-executive director Ms Keneilwe Moloko has been appointed to the audit and risk committee of the Company. The effective date of the aforementioned change is Wednesday, 6 February 2013.
06-Feb-2013
(Official Notice)
04-Feb-2013
(Official Notice)
Ms Keneilwe Moloko was on Friday, 1 February 2013 appointed as an independent non-executive director of the company, with immediate effect.
28-Jan-2013
(Official Notice)
Linked unitholders of the company are hereby advised that the company has entered into an agreement ("the Agreement") with Momentum Property Investments (Pty) Ltd. ("Momentum"), to acquire all rights and obligations in relation to the notarial lease held by Momentum ("Notarial Lease") over the properties situated at Erf 113702 Cape Town, Erf 10315 Guguletu, Erf 113308 Cape Town and Erf 10172 Guguletu, all situated in the City of Cape Town and commonly known as Nyanga Junction ("the Nyanga Junction Property"), and the associated rental enterprise conducted on the Nyanga Junction Property ("the Nyanga Junction Property Acquisition").



In order to procure the transfer of Momentum's rights and obligations in relation to the Notarial Lease to the company, the parties will procure the preparation and registration of a notarial deed of assignment at the Deeds Office ("Deed of Assignment"). The effective date of the Nyanga Junction Acquisition shall be the date of registration of the Deed of Assignment at the Deeds Office which, subject to fulfilment of the conditions precedent, is expected on or about 1 April 2013.



Purchase consideration

The purchase consideration applicable to the Nyanga Junction acquisition is R58 000 000 (fifty eight million rand), which includes VAT at the rate of 0%, payable in cash against registration of the Deed of Assignment at the Deeds Office. The company will fund the purchase consideration through debt and/or equity funding.



Warranties

Momentum has provided warranties to the company that are standard to a transaction of this nature.



Pro forma financial effects of the acquisition

The pro forma financial effects of the Nyanga Junction acquisition on net asset value and net tangible asset value per linked unit are not significant and have therefore not been disclosed.



Categorisation

The Nyanga Junction Acquisition is a Category 2 acquisition in terms of the listings requirements of the JSE Ltd.
03-Dec-2012
(Official Notice)
Linked unitholders are referred to the company's SENS announcement dated 13 November 2012 and to the company's circular to linked unitholders dated 5 October 2012 and are advised that 203 252 033 new ordinary linked units were issued today by the company at a price of R1.23 per ordinary linked unit, raising in aggregate R250 million, and were listed on the JSE. The new linked units were issued in terms of the specific issue for cash authority approved by linked unitholders at the company's general meeting on 5 November 2012 and not in terms of a vendor consideration placement, as referred to in the abovementioned SENS announcement.
13-Nov-2012
(Official Notice)
Fairvest has closed the vendor consideration placement ("the Vendor Consideration Placement") which was detailed in the circular to linked unitholders dated 5 October 2012 and the SENS announcement of the same date and referred to in the SENS announcement on 5 November 2012.



The Vendor Consideration Placement was limited to R250 million and was oversubscribed.



Fairvest will issue 203 252 033 new ordinary linked units at a price of R1.23 per ordinary linked unit, raising in aggregate R250 million in terms of the Vendor Consideration Placement.



Successful participants in the Vendor Consideration Placement will be advised of their allocation of new ordinary linked units in due course.



The new ordinary linked units to be issued under the Vendor Consideration Placement are expected to be issued and listed on the JSE on Monday, 3 December 2012, ex entitlement to the special interest distribution for the 5 month period from 1 July 2012 to 30 November 2012, which was announced on SENS on 9 November 2012.
09-Nov-2012
(Official Notice)
Linked unitholders are referred to the Acquisitions and the Vendor Consideration Placement detailed in the Company?s circular dated 5 October 2012, as approved by linked unitholders at the company's general meeting on 5 November 2012. In light of the upcoming issue of new Fairvest linked units pursuant to the Vendor Consideration Placement, anticipated to occur on 3 December 2012, the directors of the company have declared a special interest distribution for the 5 month period from 1 July 2012 to 30 November 2012 in respect of existing Fairvest ordinary linked units, amounting to 3.71 cents per ordinary linked unit.



The following are the salient dates for the payment of the interest distribution:

*Last day to trade cum interest payment Friday, 23 November 2012

*Trading commences ex interest payment Monday, 26 November 2012

*Record date Friday, 30 November 2012

*Payment date Monday, 3 December 2012



No dematerialisation or rematerialisation of linked units will take place between Monday, 26 November 2012 and Friday, 30 November 2012, both days inclusive.
05-Nov-2012
(Official Notice)
Linked unitholders are referred to the company's circular to linked unitholders dated 5 October 2012 ("the circular") and to the company's announcement of the same date ("the announcement"). Linked unitholders are advised that, at the general meeting of Fairvest linked unitholders held at 11h00 on Monday, 5 November 2012, all resolutions, as more fully set out in the notice of general meeting of Fairvest linked unitholders included in the Circular, were passed by the requisite majorities of linked unitholders present and represented by proxy.



Results of the AGM

Linked unitholders are further referred to the company's notice of annual general meeting posted to linked unitholders on 5 October 2012 ("Notice of AGM"). Linked unitholders are advised that at the annual general meeting of Fairvest linked unitholders held at 12h00 on Monday, 5 November 2012, all resolutions, as more fully set out in the Notice of AGM, were passed by the requisite majorities of linked unitholders present and represented by proxy.



Update to timetable

Linked unitholders are referred to the tables of important dates and times appearing in the Circular and in the Announcement ("the Timetable"). The company anticipates that it will be in a position to announce the results of the Vendor Consideration Placement shortly and that the issue and listing on the JSE Ltd. of Fairvest linked units issued in terms of the Vendor Consideration Placement will occur on about Monday, 3 December 2012. A further announcement on the updated Timetable will be made in due course.
23-Oct-2012
(Official Notice)
Linked unitholders are referred to the Company's circular posted to linked unitholders on 5 October 2012 ("the Circular"), incorporating revised listing particulars ("Revised Listing Particulars").



In particular, linked unitholders are referred to Annexure RLP9 to the Revised Listing Particulars, which contains extracts of the material clauses of the asset management agreement between the Company and New Star Asset Management (Pty) Ltd. ("Asset Management Agreement"). The Company has noted that an incorrect version of Annexure RLP9 was included in the Circular and Revised Listing Particulars posted to linked unitholders. A corrected version of Annexure RLP9 has now been included in the Circular and Revised Listing Particulars available on the Company's website (www.fairvest.co.za) and a hard copy of the annexure can be obtained from the Sponsor or the Company's offices.
05-Oct-2012
(Official Notice)
Linked unitholders were referred to the renewal of cautionary announcement, dated 29 August 2012, and are advised that as the pro forma financial effects and the forecast financial information in relation to the acquisitions have been disclosed in this announcement, caution is no longer required to be exercised by linked unitholders when dealing in the company's securities.
05-Oct-2012
(Official Notice)
12-Sep-2012
(C)
Gross revenue for the 12 months to June 2012 dropped to R16.4 million (June 2011: R17.3 million) and operating profit fell to R3.5 million (June 2011: R5.9 million). Headline earnings per linked unit was lower at 10.3cplu (June 2011: 11.8cplu).



Interest distribution

A final interest distribution of 6.3cplu has been declared bringing the total distribution to linked unit holders to 11.5 cents for the year ended 30 June 2012.
29-Aug-2012
(Official Notice)
Linked unitholders were referred to the company's announcement dated 17 July 2012 (''the Announcement''), regarding the SA Corporate Real Estate Property Portfolio Acquisition, the Put Option Acquisition and the Isolenu Property Portfolio Acquisition.



In particular, linked unitholders were referred to the renewal of cautionary announcement set out in the Announcement, and were advised to continue exercising caution when dealing in the company's securities until a further announcement containing the pro forma financial effects and the forecast financial information in relation to the SA Corporate Real Estate Property Portfolio Acquisition, the Put Option Acquisition and the Isolenu Property Portfolio Acquisition is made.
17-Jul-2012
(Official Notice)
Linked unitholders were referred to the renewal of cautionary announcement dated 13 July 2012, and were advised to continue exercising caution when dealing in the company's securities until a further announcement containing the pro forma financial effects and the forecast financial information in relation to the SA Corporate Real Estate property portfolio acquisition, the put option acquisition and the Isolenu property portfolio acquisition is made.
17-Jul-2012
(Official Notice)
17-Jul-2012
(Official Notice)
Linked unitholders were referred to the announcements dated 13 April 2012 (''original announcement'') and 30 May 2012 (''update announcement''), whereby linked unitholders of the company were advised that the company had entered into agreements with SA Retail Properties (Pty) Ltd. and SA Corporate Real Estate Fund (a Collective Investment Scheme in property established in terms of the Collective Investment Schemes Control Act, No 45 of 2002) (''SA Corporate Real Estate Fund'')(collectively ''SA Corporate Real Estate'') to acquire a portfolio of retail and office properties, including the letting enterprises to be conducted in respect of such properties (''the SA Corporate Real Estate property portfolio acquisition'').



Following further negotiations between the parties, linked unitholders were advised that certain terms relating to the SA Corporate Real Estate property portfolio acquisition have been amended in terms of amendment agreements dated 28 June 2012 and 13 July 2012 (''amendment agreements''). In terms of the amendment agreements:

*the purchase considerations for the properties described in the original announcement as the Ridge, Honeydew Ridge, 210 Church Street, Pietermaritzburg; Mr Price Weekend and Clubview Corner, Zwartkop have been amended; and

*the parties have agreed that Fairvest will not acquire the properties described in the original announcement as Main Street, Gingindlovu and Pick n Pay, Middelburg (''put option properties''), in terms of the SA Corporate Real Estate property portfolio acquisition, but will grant a put option to SA Corporate Real Estate to put the aforementioned properties to Fairvest (''put option acquisition'').
13-Jul-2012
(Official Notice)
Linked unitholders were referred to the cautionary announcements dated 3 April 2012, 13 April 2012 and 30 May 2012, and were advised to continue exercising caution when dealing in the company's securities until a further announcement containing the pro forma financial effects and the forecast financial information in relation to the acquisitions is made.
30-May-2012
(Official Notice)
Linked unitholders were referred to the cautionary announcement dated 13 April 2012 and are hereby advised to continue exercising caution when dealing in the company's securities until a further announcement containing the pro forma financial effects and the forecast financial information in relation to the SA Corporate Real Estate Property Portfolio acquisition is made.
30-May-2012
(Official Notice)
Linked unitholders were referred to the announcement dated 13 April 2012, whereby linked unitholders of the company were advised that the company has entered into:

*an agreement with SA Retail Properties (Pty) Ltd. and SA Corporate Real Estate Fund (a Collective Investment Scheme in Property established in terms of the Collective Investment Schemes Control Act, No 45 of 2002) (collectively "SA Corporate Real Estate") to acquire a portfolio of retail and office properties, including the letting enterprises to be conducted in respect of such properties ("the SA Corporate Real Estate Property Portfolio");

*an agreement with Martycel Prop CC to acquire a retail and office property, including the letting enterprise to be conducted in respect of such property ("the Martycel Property"); and

*an agreement with Lodestone Investments (Pty) Ltd. to acquire a retail property, including the letting enterprise to be conducted in respect of such property ("the Lodestone Property").



Linked unitholders are advised of the following progress in relation to the above mentioned acquisitions:

*The SA Corporate Real Estate Property Portfolio - Linked unitholders are hereby advised that Fairvest has been granted an extension by SA Corporate Real Estate until 2 July 2012 for the satisfactory completion of the due diligence investigation on the SA Corporate Real Estate Property Portfolio.

*The Martycel Property - Linked unitholders are hereby advised that the condition precedent relating to the satisfactory completion of a due diligence investigation has not been fulfilled. Accordingly, the Martycel Property will therefore not be acquired by Fairvest and the Martycel Property acquisition agreement is of no further force or effect on the company.

*The Lodestone Property - Linked unitholders are hereby advised that the condition precedent relating to the satisfactory completion of a due diligence investigation has not been fulfilled. Accordingly, the Lodestone Property will therefore not be acquired by Fairvest and the Lodestone Property acquisition agreement is of no further force or effect on the company.
13-Apr-2012
(Official Notice)
Linked unitholders are hereby advised that the company has entered into a binding offer letter with Capital Property Fund on 12 April 2012 in regards to the disposal of an office property ("the disposal property"). The final agreement with Capital Property Fund is in the process of being finalised and linked unitholders will be advised in due course, should there be any amendments to the terms and conditions of the final agreement from those disclosed in this announcement. The effective date of the Capital Property Fund Disposal shall be the date of transfer of the disposal property into the name of Capital Property Fund.



Disposal consideration

The disposal consideration for the Capital Property Fund Disposal is R6 500 000 (six million five hundred thousand rand), payable in cash against transfer of the disposal property into the name of Capital Property Fund. The sale proceeds will be applied primarily on capital commitments of the company and to further organic growth within Fairvest.



Conditions precedent

The Capital Property Fund Disposal is not subject to any conditions precedent and will be completed upon transfer of the disposal property into the name of Capital Property Fund. The agreement provides for warranties and indemnities that are standard for transactions of this nature.
13-Apr-2012
(Official Notice)
Linked unitholders are referred to the cautionary announcement dated 3 April 2012 and are hereby advised to continue exercising caution when dealing in the company's securities until a further announcement containing the pro forma financial effects and the forecast financial information in relation to the acquisitions is made.
13-Apr-2012
(Official Notice)
03-Apr-2012
(Official Notice)
Linked unitholders were advised that the company has entered into negotiations, which if successfully concluded, may have a material effect on the price of the company's securities. Accordingly linked unitholders are advised to exercise caution when dealing in the company's securities until a full announcement is made.
15-Mar-2012
(C)
Gross revenue decreased to R8.91 million (R8.99 million). Operating profit decreased to R3 million (R3.3 million). Profit before taxation rose to R1.5 million (R117 000), while headline earnings per linked unit strengthened to 7cplu (6cplu).



Interest distributions

An interim interest distribution of 5.2cplu has been declared for the six months ended 31 December 2011.



Prospects

Revenue has continued to increase during the period under review, however the tenancy of the two largest tenants in the portfolio is under risk which could have a significant impact on the net asset value and future distributions of the Group. The distributions for current full year to 30 June 2012 would likely remain in line with the previous period, however the inability to conclude renewals of the leases mentioned would significantly impact distributions for the six months ended 31 December 2012 and future periods.
17-Nov-2011
(Official Notice)
Linked unitholders of Fairvest are advised that the requisite majority of linked unitholders approved all of the ordinary and special resolutions tabled at the annual general meeting of the company held today, 17 November 2011.
19-Oct-2011
(Official Notice)
Linked unitholders were advised that the company's notice of annual general meeting, containing the abridged audited financial statements for the year ended 30 June 2011, will be dispatched to shareholders on 19 October 2011, and contains no modifications to the condensed consolidated results of the company which was published on SENS on 29 September 2011. The integrated annual report of the company for the year ended 30 June 2011 is available on the company's website at www.fairvest.co.za or the printed version can be obtained directly from the company.



Notice of annual general meeting

Notice was given that the annual general meeting of Fairvest will be held in the boardroom, 1st Floor East Wing, The Palms, 145 Sir Lowry Road, Cape Town on Thursday, 17 November 2011, at 11:00 to transact the business as set out in the notice of the annual general meeting. The date on which linked unitholders must be recorded as such in the register to be eligible to attend and vote at the annual general meeting will be Friday, 11 November 2011, with the last day to trade being Friday, 4 November 2011.
29-Sep-2011
(C)
These are the company's first 12 months results following their change in year-end. Revenue for the 12 months to June 2011 dropped to R17.3 million (15 months to June 2010: R19.8 million) and operating profit fell to R5.9 million (15 months to June 2010: R9 million). Headline earnings per linked unit was lower at 11.6cplu (15 months to June 2010: 12.1cplu).



Interest distribution

A final interest distribution of 5.9cplu has been declared bringing the total distribution to linked unit holders to 10.9 cents for the year ended 30 June 2011.



`
23-Sep-2011
(Official Notice)
Linked unitholders were advised of the following appointments to the board of directors of the company:

*Mr Darren Wilder appointed as executive director with effect from 22 September 2011.

*Mr Adam Marcus appointed as the alternate director to Mr Darren Wilder with effect from 22 September 2011.
27-Jun-2011
(Official Notice)
Linked unitholders are referred to the cautionary announcement dated 24 May 2011 and were advised that as negotiations have been terminated, caution is no longer required to be exercised by linked unitholders when dealing in the company's securities.
24-May-2011
(Official Notice)
Linked unitholders are advised that the company has entered into negotiations, which if successfully concluded may have a material effect on the price of the company's securities. Accordingly linked unitholders are advised to exercise caution when dealing in the company's securities until a full announcement is made.
10-Mar-2011
(Official Notice)
Shareholders are referred to the SENS announcement earlier today in respect of the condensed consolidated results of Fairvest for the six months ended 31 December 2010. For the avoidance of doubt the interim interest distribution of 5.0 cents per debenture unit that has been declared for the six months ended 31 December 2010, is payable to linked unitholders registered in the books of the company at the close of business on Friday, 1 April 2011 and not Friday, 25 March 2011 as previously published.



For the avoidance of doubt the full distribution timetable is as follows:

*Last date to trade linked units cum interest payment -- Friday, 25 March 2011

*Linked units commence trading ex interest payment -- Monday, 28 March 2011

*Record date -- Friday, 1 April 2011

*Payment date -- Monday, 4 April 2011



Linked units may not be dematerialised or rematerialised between Monday, 28 March 2011 and Friday, 1 April 2011, both days inclusive.

10-Mar-2011
(C)
Revenue increased by 15.7% to R8.99 million largely as a result of reduced vacancies. Trading profits increased by 13% to R3.3 million largely as a result of cost containment and streamlining of operations, in spite off general maintenance projects to the value of R1.5 million which reduced trading profits. Profit before taxation rose to R117 000, while headline earnings per linked unit strengthened to 6 cents per linked unit.



Dividend

The group declared an interim distribution of 5.0 cents per linked unit for the six months ended 31 December 2010.



Change of financial year end

During the previous financial period the group changed their financial year end from 31 March to 30 June. Consequently the comparative interim reporting period is the six months ended 30 September 2009 which is the most recent comparable interim reporting period.
07 Dec 2010 11:39:35
(Official Notice)
Mr Louis Wessel Andrag ("Louis") has been appointed as an independent non-executive director of Fairvest with effect from 1 December 2010.
27 Oct 2010 15:02:15
(Official Notice)
Linked unitholders of Fairvest are advised that the requisite majority of linked unitholders approved all of the ordinary and special resolutions tabled at the annual general meeting of the company held on 27 October 2010. The special resolution will be lodged with the Registrar of Companies for registration in due course.
21 Sep 2010 17:49:13
(C)
Gross revenue for the year ended increased to R19.8 million (2009: R16.2 million). Operating profit rose to R8.9 million (2009: R4.6 million), while profit before taxation improved to R2.8 million (2009: R1.3 million). Furthermore, headline loss per share widened to 2.5cps (2009: loss of 1.2cps).



Interest distributions and dividends

A final interest distribution of 3.8 cents per debenture unit has been declared for the 15 months ended 30 June 2010. No dividend has been declared for the period in respect of the linked units.
14 Jul 2010 11:21:23
(Official Notice)
Linked unitholders of Fairvest were referred to the announcement released on SENS on 18 January 2010 and were advised that SecCorp Secretarial Services (Pty) Ltd ("SecCorp"), have been appointed as company secretary of Fairvest on 13 July 2010. The appointment of SecCorp will be with effect from 2 June 2010.
08 Jun 2010 07:54:27
(Official Notice)
Linked unitholders are referred to the unaudited condensed consolidated group financial results for the 12 months ended 31 March 2010, released on SENS on 3 June 2010. In addition linked unitholders are referred to the SENS announcement released on 4 June 2010, wherein linked unitholders were advised that the Company was in the process of having the aforementioned results reviewed by the Company's auditors. Linked unitholders are hereby advised that the aforementioned results have now been reviewed by the Company's auditors and that their review report is available for inspection at the Company's registered offices. Linked unitholders are further advised that there are no changes to the unaudited condensed consolidated group financial results for the 12 months ended 31 March 2010, released on SENS on 3 June 2010.
04 Jun 2010 16:31:08
(Official Notice)
Linked unitholders are referred to the unaudited condensed consolidated group financial results for the twelve months ended 31 March 2010, released on SENS on 3 June 2010. Linked unitholders are hereby advised that the company is in the process of having the aforementioned results reviewed by the company's auditors. The company will make a further announcement in this regard once the review has been complete and the review opinion is available for inspection.
03 Jun 2010 08:37:23
(C)
Gross revenue for the year ended 31 March 2010 decreased to R15 846 million (2009: R16 180 million), while trading profit increased to R9 009 million (2009: R4 612 million). Operating profit rose to R8 025 million (2009: R5 623 million). Furthermore, headline earnings per linked unit still showed a loss, but lowered to 1.1cps (2009: 1.4cps) . As the properties are valued at financial year-end, the property portfolio under management remained unchanged at R86 million. The balance sheet of the group remains strong with cash and cash equivalents of R46 million.



Interest distribution and dividends

An interest distribution of 10 cents per debenture unit was declared for the period ended 31 March 2010. No dividend has been declared for the period in respect of the linked units.
26-Mar-2010
(Permanent)
Fairvest has changed financial year end from 31 March to 30 June going forward.
26 Mar 2010 10:43:45
(Official Notice)
Shareholders are advised of the following changes to the company:

*Mr Jacques Kriel, the current Chief Executive Officer ("CEO") of the company, shall in addition to his role as CEO, be fulfilling the role of Financial Director of the company with immediate effect.

*Shareholders are advised that Fairvest's financial year-end will change from 31 March to 30 June, with effect from the current financial year.

*Shareholders are further advised that the company's registered office and postal address has been changed to the following:

1st floor

East Wing, The Palms

145 Sir Lowry Road

Cape Town

8001

PO Box 4083

Durbanville

7551

Cape Town
20 Jan 2010 11:05:03
(Official Notice)
Fairvest advised shareholders of the following changes to the board of directors with effect on 19 January 2010. Mr Jacques du Toit, previously a non-executive director, has been appointed as chairman of the company. Mr Martin Epstein and Mr Pieter Johannes van der Merwe has been appointed as a non-executive directors of the company. Mr Barry Jacques Kriel has been appointed as the chief executive officer of the company.



New sponsor

Unitholders are hereby advised that PSG Capital (Pty) Ltd has been appointed as the new sponsor to the company with effect from 19 January 2010.
18 Jan 2010 10:50:18
(Official Notice)
Fairvest advised that following the offer made to minority linked unitholders in November 2009 and the consequent change of ownership of the company, the following directors have resigned with effect from 15 January 2010.

Executive directors: Mr T A Bell (Chairman), Mrs K J Peter and Mr A B Platt.

Non-executive directors: Mr T P Botsis and Mr D A Johnston.

Mr J F du Toit remains the sole director of the company. It is intended that the new board of directors will be appointed at the general meeting of the company to be held on Tuesday, 19 January 2010.



Unitholders are also advised that the company secretary, Mrs J A Lupton, has given the board three months' notice of her intention to resign as company secretary with effect from 30 April 2010.
21 Dec 2009 16:52:37
(Official Notice)
Linked unitholders are advised that a notice convening a general meeting was issued on Friday, 18 December 2009, by certain members of the company in terms of section 181(3) of the Companies Act, 1973. The general meeting was requisitioned in terms of Sections 181 and 220 of the act for the purposes of removing all of the directors, with the exception of Mr J F du Toit, from office and if successful, appointing three new directors in their stead. The general meeting will be held at 10:00 on Tuesday, 19 January 2010 at 1st Floor, Ou Kollege, 35 Kerk Street, Stellenbosch, 7600.
25 Nov 2009 17:44:08
(Official Notice)
18 Nov 2009 17:24:57
(Official Notice)
13 Nov 2009 09:43:02
(C)
Revenue declined to R7.8 million (R8.5 million). A net operating loss of R1.6 million (profit of R1.7 million) was made. Despite this, profit before taxation jumped to R146 million (R84 million) and headline earnings per linked unit soared to 5.2cplu (0.5cplu).



Outlook

The balance sheet of the group remains strong with cash and cash equivalents of R43.5 million. Fairvest is well-positioned to take advantage of opportunities that may arise in the present uncertain economic conditions.
12 Nov 2009 08:24:01
(Official Notice)
A review of the financial results for the six months ended 30 September 2009 by management has indicated that headline earnings per linked unit are expected to be between 4.65 and 4.75 cents higher than those in the previous corresponding period. Due to the nature of Fairvest's business, management have decided that it is relevant to announce trading updates using net asset value per linked unit and hence the company has adopted this measure for financial periods commencing on 1 October 2009. A review of the financial position of the company as at 30 September 2009 by management has indicated that Fairvest will report a net asset value per linked unit of between 140.58 and 161.88 cents per linked unit for the period.



Fairvest's interim financial results are expected to be released on SENS on or about Thursday, 12 November 2009.
21 Aug 2009 16:57:39
(Official Notice)
The annual general meeting of linked unitholders of Fairvest was held on Tuesday, 18 August 2009. All of the resolutions contained in the notice of annual general meeting, published in the annual report, and dated 17 July 2009, were passed by the requisite majority of linked unitholders, with the exception of ordinary resolution number 1 pertaining to the general authority to issue shares, and to sell treasury shares, for cash and special resolution number 2 pertaining to the amendment to the Articles of Association of the company, which resolutions were not passed by the requisite majority of linked unitholders. The special resolution will be submitted for registration at the Companies and Intellectual Property Registration Office in due course.
05 Aug 2009 16:37:05
(Official Notice)
At the general meeting of Fairvest held on Wednesday, 5 August 2009, the requisite majority of members did not approve ordinary resolutions one to five. Consequently, ordinary resolutions six to nine were not voted upon.
27 Jul 2009 17:38:45
(Official Notice)
Shareholders are advised that the annual report for the year ended 31 March 2009 was dispatched to shareholders on 24 July 2009 and contains no material modifications to the reviewed provisional consolidated group results published on 24 June 2009 ("the SENS announcement") other than those detailed below:



Reclassification of investment property

It has been identified that in the SENS announcement and prior year results, that investments in associate property companies was separately disclosed from investments in investment property as a result of incorrect terminology, even though the intended measurement principles were correctly and consistently applied. To rectify this error, the investments in associate property companies have been correctly reclassified as investment property. Accordingly in 2009, investments in associate property companies was reduced by R18.3 million to nil and investment property increased by R18.3 million. In 2008 investments in associate property companies was reduced by R16.9 million to nil; investment property increased by R18.4 million and long term liabilities increased by R1.5 million.



Notice of AGM

The annual general meeting of shareholders of Fairvest will be held on Tuesday, 18 August 2009 at 11:00 in the boardroom, Ninth Floor, Protea Hotel, corner Lighthouse Road and Chartwell Drive, Umhlanga Rocks.
01 Jul 2009 16:24:54
(Official Notice)
Members are advised that Fairvest has received a requisition from certain members of the company, calling upon the directors to convene a general meeting of members for the purposes of removing all of the directors in office, with the exception of Mr Jacques du Toit, and if successful, appointing three new directors in their stead. The requisition has been made as a result of a dispute between Mr du Toit and the remainder of the Fairvest board regarding the future strategic direction of the company. The circular will be mailed to members on Thursday, 2 July 2009. The circular details the reason for the requisition of the general meeting, and includes a representation by the directors whom it is proposed be removed from office and a notice of general meeting. The general meeting will be held at 11:00 on Wednesday, 5 August 2009 in the boardroom, 9th Floor, Protea Hotel, Corner Lighthouse Road and Chartwell Drive, Umhlanga Rocks, 4319.
25 Jun 2009 08:03:44
(C)
Gross Revenue decreased from R24 095 million to R16 027 million in 2009. Trading profit decreased to R4 459 million (2008:R10 031 million) and operating profit increased to R5 623 million (2008:-R15 212 million). Headline earnings on a per share basis decreased to -1.40cps (29.40cps).



Interest distribution and dividend

Interest on debentures has been calculated in terms of the Debenture Trust Deed. As the company has returned to profitability, an interest payment of 9 cents per debenture unit has been declared for the year ended 31 March 2009
19 Jun 2009 10:43:27
(Official Notice)
A review of the financial results for the year ended 31 March 2009 by management has indicated that headline earnings per linked unit are expected to be between 28 and 34 cents lower and net asset value and tangible net asset value per linked unit are expected to be between 1 and 15 cents higher than the previous corresponding year.Fairvest's financial results are expected to be released on SENS on or about Wednesday, 24 June 2009.
21 Nov 2008 17:52:45
(C)
Revenue and trading profits declined primarily as a result of the disposal of Nedbank Circle and Mangrove Beach Centre properties in the 2008 financial year and the disposal of Kempton City and Broadway Nordic properties in the period under review. The property portfolio under management decreased from R107.7 million to R59.0 million as Kempton City and Broadway Nordic properties were sold during the period under review. The receipt of proceeds from the sale of these properties enabled Fairvest to settle all outstanding property debt financing and resulted in a significant improvement in cash and cash equivalents from R10.5 million to R42.3 million.
19 Nov 2008 13:03:18
(Official Notice)
A review of the financial results for the six months ended 30 September 2008 by management has indicated that headline earnings per linked unit are expected to be between 17c and 21c lower and net asset value and tangible net asset value per linked unit are expected to be between 31c and 38c higher than the previous corresponding period. The financial information on which this trading statement is based has not been reviewed or reported on by Fairvest's auditors. Fairvest's financial results are expected to be released on SENS on or about Friday, 21 November 2008.
28 Oct 2008 17:50:01
(Official Notice)
Shareholders are advised that all the resolutions contained in the notice of annual general meeting of linked unit holders of Fairvest published in the annual report and dated 18 September 2008, were passed unanimously by linked unit holders at the annual general meeting held on 27 October 2008, with the exception of ordinary resolution number 1 - 'Unissued shares to be placed under the control of the directors' and ordinary resolution number 2 - 'General authority to issue shares for cash', which resolutions were not passed.



Appointment of director

Mrs Karen Jean Peter was appointed as the financial director of the company with effect from the date of the board meeting.
30 Sep 2008 14:46:12
(Official Notice)
Fairvest will post its audited annual financial statements for the financial period ended 31 March 2008 (and not 31 March 2007 as incorrectly announced in the Sens announcement released on 29 September 2008) to linked unit holders on 30 September 2008. Fairvest will not be publishing an abridged results report as the audited financial information is substantially the same as the reviewed results announced on SENS on 25 June 2008. The annual financial statements were audited by BDO Spencer Stewart (KZN) Inc. Their report is available for inspection at the registered office of Fairvest.



The annual general meeting of the members of Fairvest Property Holdings Ltd in respect of the year ended 31 March 2008 will be held at the registered offices of the company, 9th Floor, Protea Hotel, corner Lighthouse Road and Chartwell Drive, Umhlanga Rocks, on Monday, 27 October 2008 at 11:00. The notice of annual general meeting is issued with the annual report, which contains the annual financial statements of Fairvest for the financial period ended 31 March 2008.
29 Sep 2008 16:44:08
(Official Notice)
Fairvest will post its audited annual financial statements for the financial period ended 31 March 2007 to linked unit holders on or about Tuesday, 30 September 2008. Fairvest will not be publishing an abridged results report as the audited financial information is substantially the same as the reviewed results announced on SENS on 25 June 2008. The annual financial statements were audited by BDO Spencer Stewart (KZN) Inc. Their report is available for inspection at the registered office of Fairvest.



Notice was also given that the annual general meeting will be held at the registered offices of the company, 9th Floor, Protea Hotel, corner Lighthouse Road and Chartwell Drive, Umhlanga Rocks, on Monday, 27 October 2008 at 11h00. The notice of annual general meeting is issued with the annual report, which contains the annual financial statements of Fairvest for the financial period ended 31 March 2008.
09 Sep 2008 16:12:37
(Official Notice)
Fairvest linked unitholders are referred to the cautionary announcement issued on SENS on 29 July 2008, and are hereby advised that the directors are still involved in discussions concerning the company, which if successfully concluded, may have a material effect on the price of Fairvest securities. Accordingly, Fairvest linked unitholders are advised to continue exercising caution when dealing in Fairvest securities until a full announcement is made.
29 Jul 2008 08:00:26
(Official Notice)
Fairvest linked unitholders are hereby advised that the directors have entered into discussions concerning the company, which if successfully concluded, may have a material effect on the price of Fairvest securities. Accordingly, Fairvest linked unitholders are advised to exercise caution when dealing in Fairvest securities until a full announcement is made.
25 Jun 2008 17:43:46
(C)
Gross revenue decreased to R24.1 million (R39.7 million). Trading profit rose to R10 million (R9.3 million, but a loss before taxation of R17.9 million (profit of R11.9 million) was recorded. As a result, a headline loss per linked unit of 29.4c (profit of 12.8cplu) was reported.



Distribution

No interest distributions or dividends have been made for the period under review.
24 Jun 2008 11:01:58
(Official Notice)
Fairvest linked unitholders are advised that it is expected that the results of Fairvest for the financial year ended 31 March 2008 will reflect the following improvements compared to those for the previous corresponding period: an increase in respect of headline earnings per linked unit to between 28 to 30.5 cents per linked unit; and an increase in net asset value and net tangible asset value per linked unit to between 129 to 147 cents per linked unit.
19 May 2008 16:09:51
(Official Notice)
Shareholders are advised that all the resolutions contained in the notice of general meeting of linked unitholders of Fairvest dated 30 April 2008 were passed unanimously by linked unitholders at the general meeting of Fairvest held on 19 May 2008. Shareholders are further referred to the cautionary announcement dated 23 April 2008, and are advised that as negotiations have been terminated, caution is no longer required to be exercised by linked unitholders when dealing in their securities.
23 Apr 2008 16:29:59
(Official Notice)
Further to the announcement released on SENS on 7 September 2007 in which Fairvest linked unitholders were advised that Kempton City One Share Block (Pty) Ltd, a wholly owned subsidiary of Fairvest Properties (Pty) Ltd, which in turn is a wholly-owned subsidiary of the company had entered into an agreement for the sale of its sole property asset known as the Kempton City property for a consideration of R50 million to Jardtal Properties (Pty) Ltd as the nominee of Circlevest Property Acquisitions (Pty) Ltd, linked unitholders are advised that the terms and the pro forma financial effects of the disposal have been amended. The amended terms and financial effects will be included in a circular to be posted to shareholders on or about 25 April 2008.



Amended terms of agreement

Linked unitholders are referred to the announcement released on SENS on 11 March 2008 in respect of the disposal of the Kempton City property and are advised that the date for the fulfilment of the resolutive conditions relating thereto has been extended to 30 May 2008 in terms of an addendum dated 23 April 2008.



Renewal of cautionary announcement

Fairvest linked unitholders are hereby advised that Fairvest is still involved in negotiations, which if successfully concluded, may have a material effect on the price of Fairvest securities. Accordingly, Fairvest linked unitholders are advised to continue exercising caution when dealing in Fairvest securities until a full announcement is made.
11 Mar 2008 16:44:27
(Official Notice)
Shareholders are referred to prior notices relating to the disposal of the Kempton City property and are advised that the date for the fulfilment of the resolutive conditions relating thereto has been extended to 30 April 2008. The circular detailing the disposal is expected to be dispatched to shareholders by 31 March 2008.



Fairvest linked unitholders are hereby advised that Fairvest is still involved in negotiations, which if successfully concluded, may have a material effect on the price of Fairvest securities. Accordingly, Fairvest linked unitholders are advised to continue exercising caution when dealing in Fairvest securities until a full announcement is made.
26 Jun 2006 16:35:24
(C)
Turnover decreased to R12.7 million (R15.3 million) but operating costs rose to R11.4 million (R9.2 million). Operating profit dropped to R2.9 million (R8.6 million). After taking debenture interest and finance charges into account the company's profit to shareholders was nil.



Distribution

No interest distributions or dividends have been made for the six months under review in respect of the linked units and none are proposed at this stage, given the gradual turn around of the group.



Prospects

The company's short-term investment strategy is to create a property portfolio of significant critical mass through acquisition of quality, high yielding properties. Accordingly, investment opportunities are being evaluated for acquisition on an ongoing basis. As part of the repositioning objective, the board is also examining opportunities to raise additional capital.



Change of financial year-end

The board has resolved to make application to the Registrar of Companies to change the financial year-end of the company from 30 September to 31 March in each year. Accordingly, the current accounting period shall be extended by 6 months and shall be for the period from 1 October 2005 to 31 March 2007.
22 Jun 2006 16:09:50
(Official Notice)
It is expected that the unaudited results of Fairvest for the 6-month interim period ended 31 March 2006 will reflect the following deviations from the results for the previous comparative period: an improvement of between 28% and 38% in respect of headline earnings per linked unit as required in terms of GAAP; and a decrease of approximately 10% to 20% in respect of headline earnings per linked unit as revised for the fair value adjustment against debentures.



The financial results are expected to be announced on or about 26 June 2006.
26 May 2006 15:31:40
(Official Notice)
On 19 May 2006, Soundprops 1203 Investments (Pty) Ltd (registration, a subsidiary of Fairvest, entered into an agreement for the sale of a property known as Ambassador House for a consideration of R5 800 000. The purchase consideration is exclusive of commission, which is payable by the purchaser.
13 Apr 2006 16:50:17
(Official Notice)
T A Bell, was appointed as chairman of Fairvest at the annual general meeting of the company held yesterday, 12 April 2006. All resolutions proposed in the notice of annual general meeting contained in the annual financial statements of Fairvest were duly passed.
08 Feb 2006 14:18:22
(Official Notice)
Fairvest linked unitholders are referred to the cautionary announcement of 22 December 2005 and are hereby advised that as the relevant negotiations have been terminated, caution is no longer required to be exercised by linked unitholders when dealing in their Fairvest securities.
08 Feb 2006 14:16:30
(Official Notice)
The board has decided to change the date for convening the next Fairvest annual general meeting to 10h00 on Wednesday, 12 April 2006, in the boardroom of the company at 9th Floor, Umhlanga Protea Hotel, corner Chartwell and Lighthouse Roads, Umhlanga Rocks, Durban.
22 Dec 2005 15:23:30
(Official Notice)
Annual general meeting

Fairvest linked unitholders are advised that the next annual general meeting will be convened to be held at 10h00 on Wednesday, 15 March 2005 in the boardroom of the company at 9th Floor, Umhlanga Protea Hotel, corner Chartwell and Lighthouse Roads, Umhlanga Rocks, Durban.



Results of court order

In terms of an order of the High Court of South Africa (Witwatersrand Local Division) of 4 October 2005, it was ruled that:

*Mr TA Bell was not a related party in relation to the disposal of the share in Constantia Park Share Block (Pty) Ltd referred to in the circular to linked unitholders dated 20 June 2005; and

*certain directors and shareholders of the purchaser of the Protea Mall Retail property detailed in the circular to linked unitholders dated 20 June 2005 were not related parties in relation to the disposal by Fairvest Properties (Pty) Ltd of that property.

Accordingly, Fairvest will not issue a circular to linked unitholders in terms of which linked unitholders will be required to vote in general meeting for the ratification of those transactions.



Renewal of cautionary announcement

With reference to the previous cautionary announcement dated 9 September 2005, linked unit holders are advised that negotiations are continuing, which if successfully concluded may have an effect on the linked unit price of Fairvest linked units and accordingly, linked unitholders are advised to continue to exercise caution in dealing in their linked units until a further announcement is made.
22 Dec 2005 15:13:44
(C)
Turnover decreased by 36.76% to R31.96 million (R50.53 million) while operating profit decreased by 67.26% to R8.2 million (R25 million). The group reported a headline loss of 4.29cps (14.38cps profit).
21 Dec 2005 17:48:13
(Official Notice)
Fairvest linked unitholders are advised that it is expected that the financial results of Fairvest for the financial year ended 30 September 2005 will reflect a decrease in the headline earnings per linked unit of between 30% and 50% compared to the previous comparative financial period.
15 Dec 2005 15:50:47
(Official Notice)
The board of Fairvest appointed Ms Jennifer Ann Lupton, ACIS, as new company secretary of Fairvest with effect from 26 October 2005.
02 Nov 2005 14:40:46
(Official Notice)
Linked unit holders are referred to the cautionary announcement published on SENS on 9 September 2005 and in the press on 10 September 2005 announcing that the board of directors had received a number of proposals and offers, which were in the process of being assessed. Two separate and distinct proposals had been received by the board of directors from Matemeku Property Acquisition 101 (Pty) Ltd and George Prokas, and the following decisions have been taken:



*Matemeku : Matemeku submitted a conditional offer to acquire the entire existing property portfolio of Fairvest for an amount of R117 million. The Fairvest board took the decision that they did not wish to dispose of the entire property portfolio, but only a portion thereof. Matemeku subsequently withdrew its offer.

*Prokas : Prokas submitted an offer to acquire a minimum of 50.1% of the issued shares of Fairvest at 48cps, or to acquire the entire business / property portfolio of Fairvest for an amount of R40.636 million. Prokas took the decision not to progress any further with his offer for the time being.



At a general meeting of unit holders held on 13 July 2005, approval was obtained for the disposal of the Nedbank Circle property in Durban at a price of R18 million. As all the conditions precedent in relation to this agreement have not been met, this disposal will not be proceeded with.



Further cautionary announcement

In view of the above the board is continuing to examine proposals to return value to unit holders and unit holders are advised to continue to exercise caution when dealing in their linked units until a further announcement is made.







26 Oct 2005 15:09:43
(Official Notice)
Unitholders are advised of the following resignations and change to the board of directors of Fairvest:

* Resignation of Sponsor, Imara Corporate Finance South Africa (Pty) Ltd with effect from 30 November 2005;

* Resignation of Mr RS Wilkinson as Independent Non-Executive Chairman with immediate effect from today 26 October 2005; and

* Resignation of Corporate Governance Facilitators cc as Company Secretary with immediate effect from today 26 October 2005.
09 Sep 2005 16:11:04
(Official Notice)
Linked unit holders are referred to the cautionary announcement published on SENS and in the press on 11 August 2005 setting out the stated objectives of the Fairvest board of directors to realise value for unit holders. The board of directors has received a number of proposals and offers, which are in the process of being assessed.



Two separate and distinct proposals have been received by the board of directors, as follows:

*Matemeku, a BEE controlled company, has submitted a conditional offer to acquire the entire existing property portfolio of Fairvest for an amount of R117 million subject to certain conditions; and

*Prokas has submitted an offer via LPC Manhattan Moela to acquire up to 50.1% of the issued linked units of Fairvest at 48c per linked units, or to acquire the entire business / portfolio of Fairvest for R40.636 million, subject inter alia to a due diligence exercise being completed.



The board of Fairvest will assess the proposals and the financial effects on the company and the linked unit holders and inform the linked unit holders of such effects in due course. In view of the above, linked unit holders are advised to continue to exercise caution in dealing in their linked units until a further announcement is made.
11 Aug 2005 15:59:54
(Official Notice)
Shareholders are referred to the previous cautionary announcements published in the press on 8 February 2005 and 29 June 2005 whereby it was mentioned that the board is continuing to examine proposals to return value to unit holders. This process could include either the disposal of all or some of the property portfolio and to repay linked unit holders the excess proceeds, or to identify and acquire an appropriate property portfolio to maximise value for unit holders. In view of the board`s discussions referred to above, linked unit holders are advised to continue to exercise caution in dealing in their linked units until a further announcement is made.
15 Jul 2005 15:39:15
(Official Notice)
All of the resolutions proposed at the general meeting that was held on 13 July 2005 were passed. These approvals relate to the disposal of nine properties and the repurchase of 14 000 000 linked units at 41c each. The effect of the approval of the special resolution to repurchase the linked units is that the number of Fairvest linked units in issue will be 84 659 070.



On 13 July 2005, the board accepted an offer from an independent buyer, Viable Investments (Pty) Ltd, to purchase the property described as `Ambassador House` situated on the corner of Pine and Price Alfred Streets, Durban, for a purchase consideration of R2 500 000 cash. The book value of the property is R2 300 000 and the mortgage bond outstanding on the property is R1 373 000. The agreement is subject to the following conditions precedent:

*the buyer completing a satisfactory due diligence investigation and having sight of all relevant property documentation within 30 days of the date of concluding the agreement; and

*the buyer providing bank guarantees for the purchase price within 40 days of the conclusion of the agreement.



The pro forma effects of the disposal on the earnings and headline earnings per linked unit and net (and tangible) asset value per linked unit are below 1,5% on the assumption that the disposal was concluded at the beginning of the six month period ended 31 March 2005 and are therefore considered to be insignificant.
01 Jul 2005 11:51:30
(Media Comment)
Fairvest`s share price fell 10.71% on 30 June 05 due to the market reacting to the company`s poor performance and headline loss of R484 000.
29 Jun 2005 17:10:52
(C)
Fairvest reported decreased revenue of R15.3m (R28m) for the six months ended 31 March 05. Profit for the period however remained zero and headline earnings per share worsened to a loss of 0.43c from 0.13c in the previous comparative period.

29 Jun 2005 14:20:00
(Official Notice)
On 21 April 2005, the board accepted an offer from an independent buyer, The Observatory Partnership, to purchase the property described as `Fairland House` situated at 364 Victoria Road, Observatory, Cape Town, for a total purchase consideration of R10 850 000 cash. The book value of the property is R9 900 000 and the mortgage bond outstanding on the property is R5 797 000. The board has also accepted an offer from an independent buyer, Omtay Property Holding Trust, to purchase the property described as `Northern Star Hotel` situated at 46 Landros Mare Street, Polokwane for a total purchase consideration of R3 000 000 cash. The book value of the property is R2 200 000 and the mortgage bond outstanding on the property is R1 300 000. The agreement is subject to the purchaser providing an acceptable bank guarantee for the full sum of the purchase price by no later than 30 days after the seller giving such written request for the delivery of the guarantee. A general meeting of Fairvest linked unit holders will be held on Wednesday, 13 July 2005. The board is continuing to examine proposals to return value to unit holders. This process could include either the disposal of all or some of the remaining property portfolio and to repay linked unit holders the excess proceeds, or to identify and acquire an appropriate property portfolio to maximise value for unit holders.



Linked unit holders are advised to continue to exercise caution in dealing in their linked units until a further announcement is made.
28 Jun 2005 16:53:58
(Official Notice)
Fairvest will shortly be finalising its interim results in respect of the six months ended 31 March 2005. Linked unit holders are advised that at this stage it is anticipated that Fairvest`s headline earnings per linked unit as calculated in terms of GAAP will be between 260% and 280% lower than that reported for the corresponding period ended 31 March 2004. The revised headline earnings per linked unit (which includes the fair value adjustment to linked unit debentures) is anticipated to be between 160% and 180% lower than that reflected from the corresponding period ended 31 March 2004. Earnings per linked unit will reflect no change. The interim report to linked unit holders will be released before the end of June 2005.
11-Jan-2017
(X)
Fairvest Property Holdings Ltd. is listed in the Retail REIT sector of the JSE Ltd. Fairvest's objective is to build a retail-focused property fund weighted toward non-metropolitan shopping centres and including convenience, community and regional shopping centres servicing the lower LSM market in high-growth nodes close to commuter networks.


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