Fairvest issues ZAR 1.25 billion in new shares for Fairvest stock

Published on 10/20/2026 at 12:45 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Fairvest issues 185.18 million B shares at ZAR 6.75. Fairvest stock costs EUR 0.37 at Lang & Schwarz on October 20, 2026 before October 23 listing.

Capital raise and trading dates

Fairvest will issue 185.18 million B shares after the October 16, 2026 bookbuild.
Distribution per B share reached ZAc 25.94 for the six months ended March 31, 2026.
Fairvest stock trades at EUR 0.37 at 12:39 p.m. CEST at Lang & Schwarz on October 20, 2026.
New shares are expected to start trading on October 23, 2026.

Fairvest, ZAE000304796, Illustration mit AI erstellt.

Fairvest stock (ISIN ZAE000304796) was at EUR 0.37 at Lang & Schwarz on October 20, 2026 at 12:39 p.m. CEST. On October 16, 2026, Sharenet reported that Fairvest had increased its accelerated bookbuild to ZAR 1.25 billion and would issue 185.18 million new B shares. The transaction puts acquisition funding at the center of the stock story.

Oversubscribed raise funds acquisitions

The final raise was more than double the initial ZAR 500.00 million proposal announced on October 15, 2026. The new shares were priced at ZAc 675.00 each, a 2.70 percent discount to the 30-day volume-weighted average price of ZAc 694.00, and the book was oversubscribed, according to Moneyweb.

The proceeds are earmarked for remaining purchase considerations from recent acquisitions and funding capacity for strategic retail acquisitions under negotiation. The proposed issue therefore expands Fairvest's capital base while tying the immediate investment case to portfolio growth rather than to a single property transaction.

What will the raise add?

Fairvest's operating figures provide a measurable baseline. For the six months ended March 31, 2026, distribution per B share rose 12.30 percent to ZAc 25.94, while like-for-like net property income increased 8.00 percent year over year, Business Day reported. Those figures show why the use of proceeds matters: the new capital must translate into additional income-producing retail assets to extend the existing distribution trend.

Three funding steps since April

Fairvest closed a ZAR 900.00 million bookbuild on April 24, 2026, presented a ZAR 500.00 million initial proposal on October 15, 2026, and completed the ZAR 1.25 billion raise on October 16, 2026, based on the company's listed announcements summarized by SA Shares and Sharenet.

Upcoming dates for Fairvest

The new B shares are expected to begin trading on October 23, 2026, subject to approval by the JSE. SA Shares also lists December 1, 2026, as the confirmed date for the next expected final dividend declaration.

Trading reference for investors

Fairvest is a South African retail real estate investment trust listed on the JSE under ticker FTB. Its portfolio strategy centers on shopping complexes serving regional, rural, convenience and community retail markets.

The stock was trading at EUR 0.37 at Lang & Schwarz on October 20, 2026 at 12:39 p.m. CEST. The further course of trading is shown by the continuously updated real-time quote of Fairvest stock.