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FAIRVEST PROPERTY HOLDINGS LIMITED - Results of Dividend Reinvestment Alternative

Release Date: 17/10/2016 14:00
Code(s): FVT     PDF:  
Wrap Text
Results of Dividend Reinvestment Alternative

FAIRVEST PROPERTY HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1998/005011/06)
Share code: FVT ISIN: ZAE 000203808
(Approved as a REIT by the JSE)
(“Fairvest”)

RESULTS OF DIVIDEND REINVESTMENT ALTERNATIVE

Shareholders are referred to the announcements released by Fairvest on the JSE’s Stock Exchange News Service
(“SENS”) on 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.


17 October 2016

Cape Town

Sponsor and corporate advisor: PSG Capital Proprietary Limited

Date: 17/10/2016 02:00:00 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.

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