Reuters logo
BRIEF-Steinhoff africa retail limited says raised aggregate amount of 15.4 bln rand
September 15, 2017 / 8:17 AM / 9 days ago

BRIEF-Steinhoff africa retail limited says raised aggregate amount of 15.4 bln rand

Sept 15 (Reuters) - STEINHOFF AFRICA RETAIL LIMITED:

* PRICING ANNOUNCEMENT

* RAISED AGGREGATE AMOUNT OF R15.4 BILLION, THROUGH PLACEMENT OF 750 MILLION SHARES AT A PRICE OF R20.50 PER SHARE

* BASED ON A TOTAL SHARES IN ISSUE AT SETTLEMENT DATE, PLACEMENT PRICE IMPLIES A TOTAL MARKET CAPITALISATION OF R70.7 BILLION FOR STAR

* PROCEEDS FROM PRIVATE PLACEMENT (NET OF COSTS) WILL BE DISTRIBUTED TO SUBSIDIARIES OF STEINHOFF INTERNATIONAL

* PLACEMENT SHARES WILL, UPON THEIR ISSUE, REPRESENT APPROXIMATELY 21.74% OF TOTAL ISSUED SHARES IMMEDIATELY AFTER LISTING Source text for Eikon: Further company coverage: (Bangalore.newsroom@thomsonreuters.com)

Our Standards:The Thomson Reuters Trust Principles.
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