March 27, 2018 / 3:12 PM / 3 months ago

BRIEF-Sanlam ‍Proposes Placing Of New Ordinary Shares To Raise Up To ZAR 5,700 Mln​

March 27 (Reuters) - Sanlam Ltd:

* ‍PROPOSED PLACING OF NEW ORDINARY SHARES TO RAISE UP TO ZAR 5,700 MILLION​

* ‍NET PROCEEDS FROM PLACING WILL BE USED TO PART FUND SAHAM ACQUISITION​

* ‍PLACING IS BEING CONDUCTED THROUGH ACCELERATED BOOKBUILD PROCESS WHICH WILL BE LAUNCHED IMMEDIATELY​

* ‍PRICE PER ORDINARY SHARE AT WHICH PLACING SHARES WILL BE PLACED WILL BE DECIDED AT CLOSE OF BOOKBUILD​ Source text for Eikon: Further company coverage:

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