To view the PDF file, sign up for a MySharenet subscription.

FAIRVEST LIMITED - Results of accelerated book build

Release Date: 25/08/2025 14:38
Code(s): FTB FTA     PDF:  
Wrap Text
Results of accelerated book build

FAIRVEST LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2007/032604/06)
JSE share code: FTA ISIN: ZAE000304788
JSE share code: FTB ISIN: ZAE000304796
LEI: 378900E93AFC4D1CAD45
(Granted REIT status with the JSE)
("Fairvest" or the "Company")


RESULTS OF ACCELERATED BOOK BUILD


Pursuant to its capital raise announced earlier, Fairvest will issue 180 872 707 new B shares at a price of 540
cents per share, which is a 2.28% discount to the 30-day volume weighted average price per Fairvest B share
of 553 cents per share. The book was oversubscribed at this level.

The capital raised of c.R976 million will be utilised by the Company for acquisitions and investments
strategically aligned and accretive to Fairvest, and if pending, for debt reduction and other short term treasury
management alternatives.

Subject to approval by the JSE, listing and trading of the new Fairvest B shares is expected to commence at
09:00 on Wednesday, 3 September 2025.

25 August 2025


Bookrunner and sponsor
Java Capital

Date: 25-08-2025 02:38:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.