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

FAIRVEST PROPERTY HOLDINGS LIMITED - Dealings in securities by associates of a director

Release Date: 15/06/2015 17:00
Code(s): FVT     PDF:  
Wrap Text
Dealings in securities by associates of a director

Fairvest Property Holdings Limited
Incorporated in the Republic of South Africa
(Registration Number: 1998/005011/06)
Linked unit code: FVT
ISIN code: ZAE000034658
(Approved as a REIT by the JSE)
(“Fairvest” or “the Company”)

DEALINGS IN SECURITIES BY ASSOCIATES OF A DIRECTOR

In compliance with paragraphs 3.63 to 3.74 of the Listings
Requirements of the JSE Limited, the following information is
disclosed:


     NAME OF DIRECTOR                     JF du Toit
     COMPANY OF WHICH A DIRECTOR          Fairvest Property
                                          Holdings Limited
     STATUS: EXECUTIVE/NON-EXECUTIVE      Non-Executive
     TYPE OF SECURITIES                   Linked units
     CLASS OF SECURITIES                  Ordinary
     DATE OF TRANSACTION                  11 June 2015
     CENTS PER LINKED UNIT                195
     NUMBER OF SECURITIES TRANSACTED      14 151 381
     TOTAL RAND VALUE OF SECURITIES       R27 595 192.95
     NATURE OF TRANSACTION                Disposal by associate of
                                          the director of ordinary
                                          linked units (off-market
                                          transaction)
     NAME OF ASSOCIATE AND RELATIONSHIP   Rossouw en van der
     WITH DIRECTOR                        Westhuizen Proprietary
                                          Limited. The director
                                          is a director of the
                                          associate.

     NATURE AND EXTENT OF DIRECTOR’S      Indirect, non-beneficial
     INTEREST IN THE TRANSACTION
     CLEARANCE OBTAINED                   Not required



     NAME OF DIRECTOR                     JF du Toit
     COMPANY OF WHICH A DIRECTOR          Fairvest Property
                                          Holdings Limited
     STATUS: EXECUTIVE/NON-EXECUTIVE      Non-Executive
     TYPE OF SECURITIES                   Linked units
     CLASS OF SECURITIES                  Ordinary
     DATE OF TRANSACTION                  11 June 2015
     CENTS PER LINKED UNIT                195
     NUMBER OF SECURITIES TRANSACTED      14 300 000
     TOTAL RAND VALUE OF SECURITIES       R27 885 000.00
     NATURE OF TRANSACTION                Disposal by associate of
                                          the director of ordinary
                                          linked units (off-market
                                          transaction)
     NAME OF ASSOCIATE AND RELATIONSHIP   Panama Holdings
     WITH DIRECTOR                        Proprietary Limited.
                                          The director is a
                                          director of the
                                          associate.

     NATURE AND EXTENT OF DIRECTOR’S      Indirect, non-beneficial
     INTEREST IN THE TRANSACTION
     CLEARANCE OBTAINED                   Not required


The above disposals form part of an internal restructuring of the
portfolios of the abovementioned associates of Mr Du Toit.
Following the disposals, associates of Mr Du Toit will continue to
hold a significant stake in Fairvest, with their combined
remaining   unitholding   amounting  to approximately 3.6% of
Fairvest’s issued linked unit capital. Mr Du Toit remains
strongly committed to Fairvest.

15 June 2015
Cape Town

Sponsor: PSG Capital Proprietary Limited

Date: 15/06/2015 05:00:00 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