Fairvest increases share offering to R 1.25 billion
Fairvest increased its accelerated bookbuild to R 1.25 billion amid strong demand; the offering was oversubscribed. The offering will involve issuing 185,185,185 new B shares at 675 cents per share. The issue price represents a 2.7% discount to the 30-day volume-weighted average price of 694 cents per B share. Proceeds