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BRIEF-PSG Group launches bookbuild offering to raise up to 1 billion rand
June 3, 2014 / 7:43 AM / 3 years ago

BRIEF-PSG Group launches bookbuild offering to raise up to 1 billion rand

June 3 (Reuters) - Psg Group Ltd

* Announces launch of a bookbuild offering of new ordinary shares constituting approximately 5% of its issued share capital, to raise up to approximately r1 billion

* Psg capital is acting as sole bookrunner for bookbuild

* Bookbuild will open with immediate effect and is expected to close by 17h00 on thursday, 5 june 2014

* Potential investors, including public investment corporation, have already committed to subscribe for up to r180 million of capital to be raised in terms of bookbuild.

* Pricing and allocations will be announced as soon as practicable following closing of book. Source text for Eikon: Further company coverage:

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