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

FAIRVEST PROPERTY HOLDINGS LIMITED - Results Of Dividend Reinvestment Alternative

Release Date: 08/04/2019 14:40
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: ZAE000203808
(Approved as a REIT by the JSE)
(“Fairvest” or “the Company”)

RESULTS OF DIVIDEND REINVESTMENT ALTERNATIVE

Shareholders are referred to the announcements released by Fairvest on the JSE’s Stock
Exchange News Service (“SENS”) on 27 February 2019 and 22 March 2019 relating to the
declaration of an interim gross dividend, out of income reserves, of 10.616 cents per Fairvest
share for the six-month period ended 31 December 2018 (“Cash Dividend”) and the
finalisation of the dividend reinvestment alternative (“Reinvestment Alternative”).

Shareholders holding 241 586 160 Fairvest shares, representing 24.02% of Fairvest shares
in issue and qualifying to receive the dividend, elected the Reinvestment Alternative, resulting
in the issue of 12 185 043 new ordinary Fairvest shares of no par value and the retention of
R25.45 million of equity by Fairvest (based on the issue price of R2.08868 per new share).
Accordingly, an aggregate Cash Dividend of R81.14 million is payable in respect of the
remaining 764 354 238 Fairvest shares in issue.

Electronic payment of the Cash Dividend to certificated shareholders will occur today,
8 April 2019, 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, 10 April 2019, 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,
8 April 2019, 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, 10 April 2019, in line with the settlement
dates stated in Fairvest’s SENS announcement dated 27 February 2019.

Cape Town
8 April 2019

Sponsor
PSG Capital

Date: 08/04/2019 02:40:00 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