March 23, 2018 / 3:38 PM / a month ago

BRIEF-Finbond Says Intends To Raise 412 Mln Rand Via Partially Underwritten Rights Offer​

March 23 (Reuters) - Finbond Group Ltd:

* ‍RESOLVED TO IMPLEMENT A CAPITAL RAISING OF APPROXIMATELY R412 MILLION BY WAY OF A PARTIALLY UNDERWRITTEN RIGHTS OFFER​

* RAISING ‍IN ORDER TO PARTIALLY REPAY LOANS​

* ‍172 609 725 NEW FINBOND ORDINARY SHARES OF 0.0001 CENTS EACH WILL BE OFFERED FOR SUBSCRIPTION TO FINBOND SHAREHOLDERS​ Source text for Eikon: Further company coverage: (Reuters.Briefs@thomsonreuters.com)

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