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

FAIRVEST PROPERTY HOLDINGS LIMITED - Update regarding the Nyanga Junction Acquisition

Release Date: 18/02/2013 14:16
Code(s): FVT     PDF:  
Wrap Text
Update regarding the Nyanga Junction Acquisition

Fairvest Property Holdings Limited
Incorporated in the Republic of South Africa
(Registration number: 1998/005011/06)
Linked unit code: FVT   ISIN: ZAE000034658
(“Fairvest” or “the Company”)

UPDATE REGARDING THE NYANGA JUNCTION ACQUISITION

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).

18 February 2013
Cape Town

Sponsor
PSG Capital

Date: 18/02/2013 02:16:00 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.

Share This Story