February 27, 2018 / 12:42 PM / 6 months ago

BRIEF-Dale Capital To Issue 5.3 Mln Shares At 1.90 Rupees Per Share

Feb 27 (Reuters) - Dale Capital Group Ltd:

* TO ISSUE 5.3 MILLION SHARES AT MUR 1.90 PER SHARE, AS CONSIDERATION FOR REMAINING 30% SHAREHOLDING IN LINKED TO AFRICA MANAGEMENT SERVICES

* PLACED 30.4 MILLION SHARES WITH TARGETED INVESTORS AT AN ISSUE PRICE OF MUR 1.90 PER SHARE FOLLOWING A PRIVATE PLACEMENT OF SHARES

* PROCEEDS FROM PRIVATE PLACEMENT WILL BE USED TO SETTLE LOANS FROM EXISTING SHAREHOLDERS Source: bit.ly/2GLBo88 Further company coverage: (Reuters.Briefs@thomsonreuters.com)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below