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BRIEF-Life Healthcare to raise 9 bln rand at 24.5 rand per shr
March 23, 2017 / 10:19 AM / 6 months ago

BRIEF-Life Healthcare to raise 9 bln rand at 24.5 rand per shr

March 23 (Reuters) - Life Healthcare Group Holdings Ltd :

* Board of directors of Life Healthcare has resolved to raise 9 bln rand through rights offer, as previously announced

* Rights offer will have an issue price of 24.50 rand per Life Healthcare ordinary share

* Ordinary shares issued pursuant to rights offer are expected to constitute 25.49 pct of co’s post-rights offer share capital

* Rights offer will consist of an offer of 367,346,939 new shares for every 100 life healthcare ordinary shares

* Rights offer are expected to constitute 25.49 pct of life healthcare’s post-rights offer share capital Source text for Eikon: Further company coverage: (Bengaluru Newsroom)

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