March 7, 2014 / 5:18 AM / 3 years ago

BRIEF-John Daniel says to proceed with 100 mln rand rights issue

JOHANNESBURG, March 7 (Reuters) - John Daniel Holdings Ltd : * Says proceeding with a rights offer of R100 million at an issue price of 14 cents per share. * Says rights offer will be partially underwritten by its controlling shareholder, escalator capital * Says into an agreement with a non-related party to acquire a financial services business in zambia

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